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Wednesday, June 06, 2007

(FCEL) FuelCell Energy Technical Indicator

(FCEL) FuelCell Energy, Inc. Bullish 50/200-day MA Crossover 5 Jun 2007
For the technical traders who look for stock chart indicators - here is a renewable energy stock to watch based on the 50/200 day breakout .

On June 4th the company issued the following update -

excerpt :
FuelCell Energy Reports Second Quarter 2007 Results and Latest AccomplishmentsMonday June 4, 2007
* Product sales and revenues increased 37 percent over the prior year
* Lower commercial product cost ratio driven by cost out initiatives
* Year to date orders of 10.9 MW including 3rd quarter order for
5.1 MW from POSCO Power
* Connecticut Clean Energy Fund selected 68 MW of projects
incorporating FuelCell Energy's ultra-clean power plants
* Capital position strengthened as Company raised $94.4 million to
fund growth


For those of you not familiar with their business model- from their press release -
FuelCell Energy is the world leader in the development and production of stationary fuel cells for commercial, industrial, municipal and utility customers. FuelCell Energy's secure, ultra-clean and high efficiency DFC(r) fuel cells are generating power at over 60 installations worldwide. The company's power plants have generated more than 150 million kWh of power using a variety of fuels including renewable wastewater gas, biogas from beer, onion, and milk processing as well as natural gas and other hydrocarbon fuels. FuelCell Energy has partnerships with major power plant developers, trading companies and power companies around the world. The company also receives substantial funding from the US Department of Energy and other government agencies for the development of leading edge technologies such as hybrid fuel cell/turbine generators and solid oxide fuel cells. For more information please visit our website at http://www.fuelcellenergy.com.

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