FuelCell (FCEL) surges 12.1% after receiving its largest ever order, a $181M booking from South...

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

FuelCell (FCEL) surges 12.1% after receiving its largest ever order, a $181M booking from South Korean partner Posco Energy (PKX) for 121.8 megawatts of fuel cell kits and services. Posco also signs a licensing agreement to manufacture Direct FuelCell power plants in South Korea and sell throughout Asia. Posco will pay FuelCell $26M for the manufacturing rights and then royalties.