FuelCell Energy Inc (FCEL)

[44centsAKAchoccake]

Paul Borisoff

"Please find attached three news releases from FuelCell Energy (one last night and two from this morning). Last night the company announced that they have finished their engagement of Huron Consulting based on the company’s successful restructuring progress to date. This morning, FuelCell Energy announced a new 8-year Strategic Corporate Loan Facility with Orion Energy Partners for $200 million – and that the company is reinstating the “B” dividend payments – expected to now be fully caught-up by November 15th in a few days."

"Additionally, FuelCell Energy announced a new agreement with ExxonMobil today (expected to be worth up to $60 million) to further develop their Fuel Cell Carbon Capture technology – including a pilot plant at an ExxonMobil facility."

"Today the “B” shares closed at $221 USD per share (up 92%). As per my recent comments though I continue to believe the “B” trading price could quite easily trade back to $300+ per share. The “Bs” closed 2018 at $260 per share and had a $155-$469 range in 2018. In 2014, prior to the company delivering multiple years of disappointments, the “Bs” traded in the $450 to $650 per share range."