Update (4:35 p.m.): Updated with Tuesday market close information.
NEW YORK (TheStreet) -- FuelCell Energy (FCEL) rose 19.75% to $2.91, up 48 cents from its previous close of $2.43, on Tuesday after news that the largest publicly-traded U.S. fuel cell manufacturer would provide a power plant for a greenhouse facility in British Columbia.
The company will provide a power plant for a C$7.5 million, or $6.7 million, project to convert landfill gas into electricity and carbon dioxide to sustain plants at a Canadian greenhouse. Village Farms International said in a statement that it combined the fuel cell with a system from Quadrogen Power Systems that gathers and separates landfill gas. One stream of the gas powers the fuel cell and the "food-grade" carbon dioxide feeds the plants.
More than 40.8 million shares changed hands on Tuesday, nearly twice the average volume of 21,593,500. The stock holds a one-year high of $4.74 and a one-year low of 82 cents. It hit a high of $2.94 and a low of $2.43 for the day.
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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 some concerns, 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. Among the areas we feel are negative, one of the most important has been poor profit margins."