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Fly News Breaks for March 8, 2019
Mar 8, 2019 | 09:11 EDT
As previously reported, Craig-Hallum analyst Eric Stine downgraded FuelCell to Hold from Buy and lowered his price target to 50c from $1.00 following the company's "mixed" Q1 results. In a research note to investors, Stine says that while the overall market opportunity is undeniable for FuelCell, he is moving to a Hold given the lack of project backlog to help near-term results, the longer path to get to needed Generation levels and accelerating dilution to get to there.