Dallas, Texas 01/15/2014 (FINANCIALSTRENDS) – FuelCell Energy, Inc.(NASDAQ:FCEL) the US based Industrial Goods and fuel cell company, which has core expertise in the design, manufacture, sales as well as installation of a wide-variety of fuel cell power plants. The cells are essential for power plants and FCEL has a well-established clientele to feed. The core –value of these fuel cells is their higher efficiency. The company has a market cap of $345.04 million and volume trades of 2,047,101. The 52 week high for the company is $1.95 and the 52 week low for the company is 0.84. The EPS is at -0.20.
FuelCell Energy, Inc.(NASDAQ:FCEL), besides other fuel cell makers too are affected by the performance of Plug Power. The gains that Plug Power has achieved thus far is in the range of a double hundred per cent and company continues to move upward. The reason for the upward swing is the Q4 orders which the company has announced since. The new orders are for the development of hydrogen fuel cell.
Interestingly, the fuel cell range will be used as extenders by FedEx Express. The company it appears will see over 20 of its drugs driving with these extended fuel cells. FuelCell Energy, Inc.(NASDAQ:FCEL) has since registered a negative, post the announcement of these new orders Power Plug has received. Additionally, Ballard Power or BLDP, too saw a slide in the prices by over 2.4% as it too remained affected by the purported growth of Power Plug.
FuelCell Energy, Inc.(NASDAQ:FCEL) had announced good fourth quarter guidance. The shares for this fuel cell manufacturer have seen a super rise following the high increase in the orders the company holds for the next quarter. The orders are most likely with the Toyota, hoping to sell cars running on fuel cell by 2015. The electric car industry growth in the recent year, is definitely positive for the fuel cell industry and especially FuelCell Energy Inc.