FuelCell price target lowered to $2.50 from $4 at B. Riley

B. Riley analyst Ryan Pfingst lowered the firm’s price target on FuelCell to $2.50 from $4 and keeps a Neutral rating on the shares. The firm changed analysts on the name. It dropped the price target to better align FuelCell’s multiple with peers. The analyst continues to believe both the carbon capture and solid oxide business are “exciting opportunities for the company, but the lack of clarity in timing for both has caused uncertainty for investors.”