Wells Fargo Maintains Underweight on FuelCell Energy, Lowers Price Target to $1
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Praneeth Satish has maintained an Underweight rating on FuelCell Energy and lowered the price target from $1.5 to $1.
September 12, 2023 | 12:35 pm
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FuelCell Energy's price target has been lowered from $1.5 to $1 by Wells Fargo, which maintains an Underweight rating on the stock.
The lowering of the price target by a major financial institution like Wells Fargo indicates a lack of confidence in the stock's performance. This could lead to a decrease in the stock's price in the short term.
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IMPORTANCE 80
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