Atlas Financial Holdings Inc
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Financials : Insurance | Small Cap Value
Company profile

Atlas Financial Holdings, Inc. is a financial services holding company. The Company, through its subsidiaries, is engaged in the underwriting of commercial automobile insurance policies, focusing on the light commercial automobile sector. It operates through the property and casualty (P&C) insurance business segment. Its automobile sector includes taxi cabs, non-emergency para-transit, limousine, livery and business auto. Its automobile insurance products provide insurance coverage in over three areas, including liability, accident benefits and physical damage. Its liability insurance provides coverage subject to policy terms and conditions where the insured is determined to be responsible and/or liable for an automobile accident, for the payment for injuries and property damage to third parties. The accident benefit policies or provide coverage for loss of income, medical and rehabilitation expenses for insured persons injured in an automobile accident, regardless of fault.

Closing Price
$0.19
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
--
Day's Low
--
Volume
(Light)
Volume:
0

10-day average volume:
48,049
0

FuelCell Energy stock sinks after J.P. Morgan analyst turns bearish, saying it's 'richly valued'

8:35 am ET January 14, 2021 (MarketWatch)
Print

Shares of FuelCell Energy Inc. (FCEL) sank 7.1% in premarket trading Thursday, after J.P. Morgan analyst Paul Coster turned bearish on the alternative energy company, suggesting the stock should be worth about half of its latest closing price. Coster cut his rating to underweight from neutral and established a $10 stock price target, which is 47.8% below Wednesday's close of $19.14. Coster likes the company, as he says it has a "strong backlog and a strengthened balance sheet." He says FuelCell's optionality likes in the versatility of its molten-carbonate technology in industrial applications, and he is anticipating a "breakout contract" in the industrial, chemical or energy sector. The problem is, Coster said he thinks the stock is "richly valued" at current levels. The stock had soared 80.4% amid a seven-day win streak to close Wednesday at the highest price since June 2018. Separately, Coster started fellow alternative energy company Plug Power Inc. (PLUG) with a neutral rating, saying that while the stock is his top pick in the hydrogen space, the price is "fully valued." (http://www.marketwatch.com/story/plug-power-stock-set-to-snap-long-win-streak-after-jp-morgan-says-it-is-fully-valued-2021-01-14) FuelCell's stock has skyrocketed nearly eight-fold (up 687.7%) over the past three months through Wednesday, while the S&P 500 has tacked on 9.2%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

January 14, 2021 08:35 ET (13:35 GMT)

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