FuelCell Energy stock jumps on $160 million grid support contract
Shares of FuelCell Energy , Inc. (NASDAQ:FCEL) climbed 9% following the announcement of a substantial $160 million contract to construct a 7.4 MW fuel cell power plant in Hartford, Connecticut. This endeavor is aimed at bolstering the local grid and aligns with Connecticut's Renewable Portfolio Standard,
Why FuelCell Energy Stock Is Moving Higher Wednesday
FuelCell Energy Inc (NASDAQ:FCEL) shares are trading higher Wednesday after the company announced plans to build a fuel cell power plant that's expected to add over $160 million to its generation backlog.
FuelCell Energy Announces $160 Million Contract to Support Hartford Area Grid
The power produced by the fuel cell plant will be sold to the local distribution utilities, Eversource and United Illuminating, under a 20-year power purchase agreement (“PPA”). As a PPA, the project is expected to add more than $160 million of future revenue to FuelCell Energy’s generation backlog, a queue of new power generation projects.
FuelCell Energy scores $160M contract to support Hartford area grid
FuelCell Energy ( NASDAQ: FCEL) +5.5% pre-market Wednesday after announcing plans to build a 7.4 MW fuel cell power plant in Hartford, Conn., to deliver Class 1 renewable baseload power to the local grid.
FuelCell Energy Receives $160M Electricity Contract
FuelCell Energy received a contract worth up to $160 million to provide hydrogen-based power in Hartford in its home state of Connecticut.
FuelCell Reveals $160 Mln Contract For 7.4MW Power Plant In Hartford, Stock Up
FuelCell Energy, Inc. (FCEL), a fuel cell plants builder, Wednesday announced a $160 million contract to build a 7.4 MW fuel cell
Renewable Energy Stocks Q3 In Review: FuelCell Energy (NASDAQ:FCEL) Vs Peers
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current ...
FuelCell Energy Unveils 2025 Plan and Leadership Changes
Fuelcell Energy ( (FCEL) ) has issued an announcement.
FuelCell Energy Inc. stock falls Thursday, underperforms market
FuelCell Energy Inc. closed 78.77% short of its 52-week high of $45.60, which the company reached on February 12th.
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Is Bloom Energy Corporation (BE) the Best Hydrogen and Fuel Cell Stock to Buy for 2025?
We recently compiled a list of the 12 Best Hydrogen and Fuel Cell Stocks to Buy for 2025. In this article, we are going to take a look at where Bloom Energy Corporation (NYSE:BE) stands against ...