FuelCell Energy CEO sees first big sale in Europe this year

|About: FuelCell Energy, Inc. (FCEL)|By:, SA News Editor

FuelCell Energy (FCEL -0.4%) expects to sign its first contract for a megawatt-scale project in Europe this year, according to a Bloomberg interview with CEO Chip Bottone.

FCEL built a 250 KW plant in London to showcase the technology and will complete another one of comparable size within a few months, the CEO says; FCEL is talking to potential customers there and in Germany and Italy.

Shares jumped ~2% on the initial news before flattening.