FuelCell Energy CEO sees first big sale in Europe this year

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.

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Comments (5)
  • thotdoc
    , contributor
    Comments (1997) | Send Message


    The question: wait till it drifts lower before buying? Or, buy now with the confidence that sales will occur and the questions about future sales will be answered? Or, wait fir teh sales and miss the bump and beginning of the run?
    11 Apr 2014, 04:08 PM Reply Like
  • alxfoo
    , contributor
    Comments (19) | Send Message
    Its really a tough market now. Normally such a news will cause the stock to run up to positive but yet it close red. Tough tough market condition.
    11 Apr 2014, 04:43 PM Reply Like
  • toneroner
    , contributor
    Comments (288) | Send Message
    Check bing finance on $FCEL allot of fund purchases recently, I think the price is good. Not sure why they waited till end of day to announce
    11 Apr 2014, 04:50 PM Reply Like
  • harball
    , contributor
    Comments (438) | Send Message
    this announcement... excuse me but it seems desperate.


    you are talkng about EUR 3m/ MW ticket for effectively gas fired power generation technology. this only makes sense if it gets subsidised or carbon prices in Europe go up significantly. biomass CHPs cost about the same (actually a little less), but (i) biomass is renewable and thus subsidised and (ii) it's highly efficient technology.


    surely FCEL will find interest in a large-scale showcase project, but unless the cost comes down substantially I don't expect commercial success in Europe.


    In my opinion the one to watch in the fuelcell space is HYGS. their P2G technology makes tremendous sense and I hear the joint showcase project with EON has been very well received. also it's comparatively cheap, especially following the recent sell-off.
    12 Apr 2014, 04:12 AM Reply Like
  • lakhi
    , contributor
    Comments (72) | Send Message
    Gas Fired? FCEL direct Fuel Cells can and do use biomass gas for CHP-- and they are world leaders.
    13 Apr 2014, 01:05 PM Reply Like
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