UBS Maintains Neutral on FuelCell Energy, Lowers Price Target to $0.5
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Manav Gupta maintains a Neutral rating on FuelCell Energy (NASDAQ:FCEL) but lowers the price target from $1.35 to $0.5.
August 06, 2024 | 3:39 pm
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UBS analyst Manav Gupta maintains a Neutral rating on FuelCell Energy but significantly lowers the price target from $1.35 to $0.5, indicating a bearish outlook.
The significant reduction in the price target from $1.35 to $0.5 by UBS suggests a bearish outlook on FuelCell Energy's stock. This is likely to negatively impact investor sentiment and could lead to a short-term decline in the stock price.
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IMPORTANCE 80
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