FuelCell Energy Inc (FCEL)

[King James 1]

I believe it would help to know how much work in progress and finished product amounts to (finished but not yet placed in service or associated with any particular project). Logistically it is not easy to coordinate the timing of finished product with contracts that do not lend themselves to definitely definable dates. It is not economical to have too much finished product on hand. Groton for example slowed down future work on projects while having invested money not generating income. As we get more recurring income online the dynamics of timing product production with contracts and income will still be critical but less disrupting. l also see the uncertainty generally in markets due to the Fed interest easing as a major force generally. Small cap stocks are particularly sensitive to interest rates.