The award continuation comes from the Department of Energy's Advanced Manufacturing Office to showcase the tri-generation capabilities of the company's Direct FuelCell power plant for industrial applications.
The company will install a new sub-megawatt fuel cell power plant in its manufacturing facility in Torrington, Connecticut. The fuel cell power plant will generate hydrogen, electricity, and heat, it will replace the hydrogen that is currently delivered to the facility by truck as well as replace the electricity purchased from the electric grid.
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TheStreet Ratings team rates FUELCELL ENERGY INC as a Sell with a ratings score of D-. TheStreet Ratings Team has this to say about their recommendation:
"We rate FUELCELL ENERGY INC (FCEL) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, poor profit margins, weak operating cash flow and generally high debt management risk."
Highlights from the analysis by TheStreet Ratings Team goes as follows: