Cowen Offers Initial Thoughts on FuelCell (FCEL) Following Q3 Report

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Go back to Cowen Offers Initial Thoughts on FuelCell (FCEL) Following Q3 Report

FuelCell Energy Reports Third Quarter 2014 Results and Business Highlights

September 8, 2014 6:18 PM EDT

NRG Energy equity investment and $40 million committed capital for project financing further validate fuel cell value proposition Sales mix and cost reductions supporting increasing gross margin Carbon capture and distributed hydrogen progressing towards commercialization Service backlog exceeds $200 million for first time, providing recurring revenue stream and supporting long term customer relationships

DANBURY, Conn., Sept. 8, 2014 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL), a global leader in the design, manufacture, operation and service of ultra-clean, efficient and reliable fuel cell power plants, today reported results... More