FuelCell Energy (FCEL +13.7%) CEO Chip Bottone divulges more details on the firm's partnership...

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

FuelCell Energy (FCEL +13.7%) CEO Chip Bottone divulges more details on the firm's partnership with POSCO in an earnings CC. In exchange for paying a onetime licensing fee, POSCO will have manufacturing rights and pay out ongoing royalties for each power plants that is completed. He also says that the equity investment from POSCO that has kickstarted FCEL's share price for the day will help bolster the firm's balance sheet.