FuelCell Energy (FCEL Quote) jumped more than 20% Tuesday after six of its fuel-cell projects were recommended by the Connecticut Clean Energy Fund for long-term power-purchase agreements with the state's two electric utilities. The projects, which incorporate 68 megawatts of power among them, will undergo further analysis before a final decision is made. Danbury, Conn.-based FuelCell was gaining $1.46, to $8.66.
Rotech Healthcare (ROHI Quote), which sells home medical equipment and services, was higher after securing a $160 million credit facility with Credit Suisse. The proceeds will be used to pay off obligations to a 2006 credit agreement, as well as for general working-capital purposes. Shares of the Orlando, Fla., company were climbing 15 cents, or 8.6%, to $1.89. Akorn (AKRX Quote) shot up after striking an exclusive three-year distribution deal for its tetanus diphtheria vaccine with Massachusetts Biologic Laboratories, a publicly operated vaccine maker. The agreement, which begins Sept. 1, should generate more than $150 million in revenue for the Buffalo Grove, Ill., company and lift yearly earnings by 10 cents to 11 cents a share. Shares were up 67 cents, or 11%, to $6.64.- Loading Comments...
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