FuelCell Energy +3% AH as Cowen upgrades

FuelCell Energy (NASDAQ:FCEL+3.1% AH after shares are upgraded to Outperform from Market Perform with a $3 price target at Cowen.

The analysts believe FCEL has made strong progress in reducing its fuel cell technology and manufacturing costs; the unsubsidized cost of energy from FCEL’s typical 2.8 MW plant is now down to ~$0.13/kWh, and the levelized cost drops to $0.09-$0.11/kWh when including benefits from Investment Tax Credit and state-level incentives, "increasingly attractive relative to several states’ baseload pricing, and able to compete with intermittent renewable sources."

With continued cost improvements and ramping production levels, Cowen thinks FCEL "is well on its way to becoming EBITDA positive by mid-FY 2015 at the latest."

From other sites
Comments (6)
  • PChan444
    , contributor
    Comments (514) | Send Message
    Listening to Cowen such fast way to go broke!
    12 Aug 2014, 06:07 PM Reply Like
    , contributor
    Comments (143) | Send Message
    So what will be the price of FCEL in mid 2015 ?


    10 $ ?
    15$ ?
    12 Aug 2014, 06:16 PM Reply Like
  • Weighing Machine
    , contributor
    Comments (902) | Send Message
    I would guess 0.25
    12 Aug 2014, 08:54 PM Reply Like
  • thotdoc
    , contributor
    Comments (1966) | Send Message
    LIP has used fuel cells since 2002 or so. They are not new to this form of energy production.


    It is excellent news that NRG and LIP will be signing contracts with FCE. That makes sense especially since NRG just invested 35,000,000$$ in FCE and opened a credit facility for them.
    12 Aug 2014, 08:46 PM Reply Like
  • alphaRAJU
    , contributor
    Comments (484) | Send Message
    If you understand the technology of FCEL , then you will be long, like me.
    13 Aug 2014, 12:10 AM Reply Like
    , contributor
    Comments (143) | Send Message
    everytime there will be some good news for fuel cell ,in next hour you can see a article from STREET.
    its a joke .. somebody can stop them :)
    13 Aug 2014, 07:18 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs