$3.31
-0.07 (-2.07%)
FuelCell Energy, Inc. (FCEL)
CAPS Rating:
Develops and manufactures fuel cell power plants for clean, efficient and reliable electric power generation. Currently commercializing its core carbonate fuel cell products, offering stationary applications for commercial and industrial customers.
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Fool UK
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Going big on the development and future of fuel cell technology. These guys seem to have the advantage in market, look for a big bounce on future earnings.
Demonstrating the panic fever mentality of the current volatile market, on the news FCEL came up short by .12 cents on estimates, the stock went into free fall this am, off $1.26 a share. --- Those who stopped to actually read the quarterly report further are taking advantage of a buying opportunity. FCEL reported 106 % increase in revenues for third quarter or $27.9 million compared to $13.5 million the same period a year ago. Product sales tripled $23.2 million from $7.8 million. Product cost to revenue ratio fell from 1.91 to 1.68. Business is so good they are backlogged on orders by $100.7 million. As revenue continues to increase and production costs continue to fall this is a buy. Taking advantage of the price decline by the panic driven to double up my holdings.