FuelCell Energy Inc (FCEL)

[Go Hawks13]

Quote: Analysts sour on FuelCell
Oppenheimer analyst Colin Rusch downgraded FuelCell Energy last Friday to Perform from Outperform without a price target.

The analyst wrote that there were too many imponderables with FuelCell entering into a major overhaul and Bottone being terminated. Oppenheimer said the company’s strategy "has become increasingly more difficult to predict."

Cowen analyst Jeffrey Osborne cut his price target on the stock to $5 from $7, citing concerns over the company’s ability to near a breakeven point by the end of 2022. Osborne maintained a Market Perform rating on the stock.

“Disappointing 4FQ results reflects the lumpy nature of the company’s project timing,” Osborne wrote in a research note. “We don’t expect clarity around future project start dates after seeing delays continue to emerge.”

Professionals with knowledge. These individuals didn't recommend buying when FCEL when it went to moon earlier this year because they knew it wouldn't last and the stock would dump because the company has no fundamentals, no business sense, continued failures, missed timelines, and no profit. 80% price drop says it all and the professionals were right.