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FuelCell Energy (FCEL) -17.6% AH after announcing a stock offering involving an undisclosed...

FuelCell Energy (FCEL) -17.6% AH after announcing a stock offering involving an undisclosed number of shares. FuelCell, which has been bleeding cash as it works to boost sales of its distributed power plants, only says it will use the proceeds for "growth capital and general corporate purposes." (PR)
Comments (3)
  • time for an obama loan
    wheres chu
    21 Mar 2012, 05:05 PM Reply Like
  • Chu and Obama are against fuel cells. They are committed to all of the above. That's where their bribes come from.
    21 Mar 2012, 10:10 PM Reply Like
  • Selling fuel cells way below the cost of producing the finished product is incompetent, ignorant, irrational, and simply psychotic. FCEL has solved the climate disaster. Pricing the product at a loss while accepting $30,000,000 in exchange for 20,000,000 shares from POSCO is stupid. FCEL needs to charge POSCO at least $30,000,000 more for their annual order. If POSCO could buy a better fuel cell from another vendor they would do that.

     

    The choice FCEL offers American voters is to remedy:
    1. the constant expanding of radioactive spent fuel rods,
    2. the pain and suffering of cancer and other disease from radiation,
    3. the cost for treating cancer and other disease directly caused by the radiation,
    4. the risk of a terror attack,
    5. the risk of a Fukishima type explosion,
    6. the 80,000,000 daily tons of poison exploded into the atmosphere from coal fired power generators,
    7. the borrowing $27 billion that subsidize all of the above annually instead of diverting that capital to FCEL and mobile fuel cells.

     

    Selling the unique FCEL product as if it only generated the same electricity as nuclear and coal power is dumber than selling brand new Bentleys and Ferraris for the same price as Chevrolets. A Chevrolet will drive 100,000 miles as well as a Bentley. Does that mean all the Bentley owners are stupid?
    21 Mar 2012, 10:12 PM Reply Like
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