FuelCell Energy Inc (NASDAQ:FCEL) on Monday reported worse-than-expected second-quarter financial results.FuelCell Energy reported quarterly losses of 53 cents per share which missed the analyst consensus estimate of losses of 52 cents per share. The company reported quarterly sales of $35.589 million which missed the analyst consensus estimate of $40.496 million.FuelCell Energy shares gained 20.6% to $18.68 on Tuesday.These analysts made changes to their price targets on FuelCell Energy following earnings announcement.
Canaccord Genuity analyst George Gianarikas upgraded FuelCell Energy from Hold to Buy and raised the price target from $12 to $30.
TD Cowen analyst Jeff Osborne maintained the stock with a Hold and raised the price target from $9 to $16.
