FuelCell Energy stock jumps on $160 million grid support contract
Shares of FuelCell Energy , Inc. (NASDAQ:FCEL) climbed 9% following the announcement of a substantial $160 million contract to construct a 7.4 MW fuel cell power plant in Hartford, Connecticut. This endeavor is aimed at bolstering the local grid and aligns with Connecticut's Renewable Portfolio Standard,
FuelCell Reveals $160 Mln Contract For 7.4MW Power Plant In Hartford, Stock Up
FuelCell Energy, Inc. (FCEL), a fuel cell plants builder, Wednesday announced a $160 million contract to build a 7.4 MW fuel cell
Why FuelCell Energy Stock Is Moving Higher Wednesday
FuelCell Energy Inc (NASDAQ:FCEL) shares are trading higher Wednesday after the company announced plans to build a fuel cell power plant that's expected to add over $160 million to its generation backlog.
FuelCell Energy scores $160M contract to support Hartford area grid
FuelCell Energy ( NASDAQ: FCEL) +5.5% pre-market Wednesday after announcing plans to build a 7.4 MW fuel cell power plant in Hartford, Conn., to deliver Class 1 renewable baseload power to the local grid.
FuelCell Energy Announces $160 Million Contract to Support Hartford Area Grid
The power produced by the fuel cell plant will be sold to the local distribution utilities, Eversource and United Illuminating, under a 20-year power purchase agreement (“PPA”). As a PPA, the project is expected to add more than $160 million of future revenue to FuelCell Energy’s generation backlog, a queue of new power generation projects.
FuelCell Energy Inc. stock falls Thursday, underperforms market
FuelCell Energy Inc. closed 78.77% short of its 52-week high of $45.60, which the company reached on February 12th.
FuelCell Energy Inc. stock rises Wednesday, still underperforms market
The stock's rise snapped a four-day losing streak.
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