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FuelCell Loss Widens, but Beats Estimates

"We have a strong backlog, products that will be gross margin positive by the end of the year, and we see near-term opportunities for new orders in our key markets,'' said R. Daniel Brdar, chairman and CEO. "The recently passed Recovery Act should create demand for many more clean energy projects and we have positioned the company to capitalize on these opportunities.''

Shares of FuelCell Energy rallied 15.4% to end the day at $2.55. Elsewhere in the group, Ballard Power Systems (BLDP - Get Report) rose 2.9% and Plug Power (PLUG - Get Report) added 1.3%. Meanwhile, Energy Conversion Devices (ENER) slumped 4.9%

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BLDP $2.19 0.00%
FCEL $1.25 0.00%
PLUG $2.42 0.00%
AAPL $125.80 0.00%
FB $77.56 0.00%


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