KauaiPI - if I had shorted that puppy, you can be assured that I would have cut the loss quickly. Unlike most, I never become married to a security and I would have divorced that thing very quickly.
FUELCELL ENERGY (NasdaqNM:FCEL) Last Trade 3:44pm · 7.90 Change -0.06 (-0.75%) Prev Cls 7.96 Open 7.98 Volume 158,176 Day's Range 7.89 - 8.00 Bid 7.90 Ask 7.91 P/E N/A Mkt Cap 380.7M Avg Vol 937,109 52-wk Range 7.16 - 17.55 Bid Size 3,600 Ask Size 700 P/S 12.16 Div/Shr 0.00 1y Target Est 14.38 EPS (ttm) -1.59 EPS Est -1.59
FuelCell Energy Power Plant Running on Waste Byproduct to Generate Stable Electricity Source for Showcase Eco-Community in Kyoto, Japan Tuesday May 3, 9:04 am ET
Electricity produced in renewable energy system to help hospital, school, apartment buildings and City Hall achieve reduced emissions in compliance with Kyoto Protocols
KYOTANGO CITY, Japan--(BUSINESS WIRE)--May 3, 2005-- FuelCell Energy Inc. (NasdaqNM:FCEL) today announced that one of its 250-kilowatt Direct FuelCell® (DFC®) power plants, sold by its Asian distributor Marubeni Corporation (TSE:8002 - News), will supply power as part of the electric grid servicing a school, a hospital, apartment buildings and city hall in a planned, renewable energy community on the western coast of Japan.
The Marubeni Corporation (www.marubeni.co.jp/english/index.html), established in 1858, is one of Japan's leading general trading/marketing houses (sogo shosha). The Company was ranked as the 25th largest in Fortune Magazine's Global Fortune 500 list for 2002. Marubeni has 12 Divisions with operations that encompass domestic, import/export, offshore trade and investment activities, which range from the development of natural resources to the retail marketing of finished products. The Company, based in Tokyo, conducts these operations through a worldwide business network that includes 52 overseas corporate offices and 28 overseas subsidiaries, for a total of 131 offices in 73 countries.
About FuelCell Energy
FuelCell Energy, Inc., based in Danbury, Conn., is a world leader in the development and manufacture of high temperature fuel cells for clean electric power generation. The company has developed commercial distribution alliances for its carbonate Direct FuelCell products with world class companies such as PPL Energy Plus, Caterpillar, Alliance Power, Chevron Energy Solutions and LOGANEnergy in the U.S.; Marubeni Corporation in Asia; MTU CFC Solutions in Europe; and Enbridge Inc. in Canada. FuelCell Energy developed its patented Direct FuelCell technology for stationary power plants with the U.S. Department of Energy through its Office of Fossil Energy's National Energy Technology Laboratory.
The sub-megawatt DFC fuel cell power plant is a collaborative effort using Direct FuelCell® technology of FuelCell Energy and the Hot Module® balance of plant design of MTU CFC Solutions, GmbH, a subsidiary of DaimlerChrysler. FuelCell Energy is also developing next generation high temperature fuel cell products, such as a diesel fueled marine Ship Service Fuel Cell, a combined-cycle DFC/Turbine® power plant and solid oxide fuel cells through its investment in and partnership with Versa Power Systems for applications up to 100 kilowatts. More information is available at http://www.fuelcellenergy.com.
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