FuelCell Energy Posts Mixed Results; Bullish View On Kenvue
- September 11th, 2023
- 425 views
FuelCell Energy, Inc. (Nasdaq: FCEL), a renewable energy company, reported a third-quarter fiscal 2023 loss of $(0.06) per share, better than the consensus estimate loss of $(0.08). The company's quarterly sales amounted to $25.51 million, slightly below analysts' projected revenue of $27.72 million for the period.
$FCEL was trading at $1.43 in pre-market, down $0.01 (-0.69%).
In other news, Deutsche Bank has upgraded Kenvue Inc. (NYSE: KVUE) from Hold to Buy and concurrently introduced a $27 price target.
Considering that $KVUE closed at $21.30 on Friday, this price target suggests a potential upside of $5.70 per share or approximately 26.76%, based on the investment firm's view.
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