The answer depends on what time frame you are talking about. Needs to decisively close past 9.90 relative to the daily charts to be a break out. Needs to close decisively past 15 on the weekly and monthly charts to be a break out. With the daily being so overbought, more likely to see FCEL fill the gap around 8.20--8.55 as volume is more then its 50-day SMA but falling nonetheless and thus not confirming the recent spike up.
FuelCell Energy(r), Inc. (Nasdaq:FCEL), a global leader in the development and manufacture of fuel cells for Ultra-Clean electric power generation, announces the launch of a new web site at www.fuelcellenergy.com. The new site contains extensive information on the company's patented Direct FuelCell(r) (DFC(r)) technology, and also provides a comprehensive overview of the benefits fuel cell power plants offer for a wide variety of markets and industries such as wastewater treatment, manufacturing, food/beverage processing, and utility/grid support. The new web site provides information on FuelCell Energy's global power plant fleet and contains the information, resources, and products customers need to implement reliable, Ultra-Clean power for their 24/7 baseload power requirements.
In addition to information on FuelCell Energy's DFC product line and suitable applications, visitors to www.fuelcellenergy.com gain valuable information on the economic benefits of DFC power plants, such as their high electrical efficiency and ability to be utilized in Combined Heat and Power (CHP) applications. Visitors can also see how DFC power plants running on biogas qualify for incentives in 25 states and the District of Columbia. The new web site also features a comprehensive overview of the company's investments in contract research and development, and demonstrates how FuelCell Energy has led the way for the commercialization of stationary fuel cell technology. Technical papers, technical thrust area summaries, case studies, and research and development program fact sheets are on the contract research and development portion of the new web site.
FuelCell Energy history, management, and career opportunities can be explored on the new web site, as well as company press releases, published news stories, trade show schedules, and investor relations information. For visitors requiring more information on DFC products, a simple inquiry function is provided in addition to traditional contact information to route the inquiry correctly.
"With rising energy costs and increasing demand for "green" energy sources, the new web site will be the perfect resource for obtaining information on the benefits of our Direct FuelCell power plants for commercial, industrial, government and utility facilities," said R. Daniel Brdar, Chairman and CEO of FuelCell Energy. "Visitors can quickly find the information required to make educated choices to satisfy their need for Ultra-Clean, 24/7 energy."
About FuelCell Energy, Inc.
FuelCell Energy is the world leader in the development and production of stationary fuel cells for commercial, industrial, municipal and utility customers. FuelCell Energy's Ultra-Clean and high efficiency DFC(r) fuel cells are generating power at over 50 locations worldwide. The company's power plants have generated more than 180 million kWh of power using a variety of fuels including renewable wastewater gas, biogas from beer, and food processing as well as natural gas and other hydrocarbon fuels. FuelCell Energy has partnerships with major power plant developers and power companies around the world. The company also receives substantial funding from the U.S. Department of Energy and other government agencies for the development of leading edge technologies such as hybrid fuel cell/turbine generators and solid oxide fuel cells. For more information please visit our website at www.fuelcellenergy.com.
This news release contains forward-looking statements, including statements regarding the Company's plans and expectations regarding the continuing development and commercialization of its fuel cell technology. All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Factors that could cause such a difference include, without limitation, the risk that commercial field trials of the Company's products will not occur when anticipated, general risks associated with product development, manufacturing, changes in the utility regulatory environment, potential volatility of energy prices, rapid technological change, and competition, as well as other risks set forth in the Company's filings with the Securities and Exchange Commission. The forward-looking statements contained herein speak only as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statement to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which any such statement is based.
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: FuelCell Energy, Inc.
FuelCell Energy, Inc. Lisa Lettieri, VP of Corporate Communications +1 203-825-6000 Fax: +1 203-825-6100 llettieri@fce.com 3 Great Pasture Road Danbury, CT 06813 USA
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