FuelCell Energy Inc (FCEL)

[Hoghead7]

And as far as execution they're only currently at an annual run rate of about 25 megawatts. That is to keep cost of operations down. They can easily ramp up to a hundred megawatts once they have signed contracts. I expect timelines for project completions to move up before year-end. But that would not change the status of any contracts that are not yet signed.
They had a layoff when they were originally to Kline any projects they submitted in the rfps 2 years ago. When they were informed they did not get the Beacon Falls project the intern had to layoff 17% of the workforce. They have done some hiring since then but do not want to be in the same boat ramping up production to find out they don't have enough work for everybody to continue operations and not have too much cash burn. They are hiring currently about 20 people. Once they get Long Island and the Connecticut rfp in signed contracts I would expect them to hire and ramp up production to at least 50 megawatts a year almost immediately. As I mentioned they still would not complete any of those newly signed contracts before 2020. 2019 is definitely going to be the year the financial situation changes. Although 2018 is definitely shaping up to be the transformational year. We have far more Awards in 2018 then we have in any previous two or three years combined. Except for the 59 megawatt project in South Korea which was obviously only a one-time deal.