• About
  • Meet The Team
  • Privacy Policy
Friday, January 22, 2021

Stocks Telegraph
  • Login
  • Home
  • Featured
  • Investing
  • Morning News
  • Mid Day Movers
No Result
View All Result
Stocks Telegraph
No Result
View All Result

FuelCell Energy (NASDAQ: FCEL) Soars On Report Of DoE Project

by Hasnain R
October 12, 2020
in Featured, Mid Day Movers
Share on FacebookShare on Twitter

Shares of FuelCell Energy, Inc. (NASDAQ: FCEL) surged 10.08% as it gained +0.24 on Friday. The strong performance of the company highlighted the positive sentiments of its investors after it announced that it has secured an $8 million government project by the US Department of Energy (DoE). The contract has been given to the company to advance the demonstration and commercialization of solid oxide electrolysis high-efficiency hydrogen generation technology FuelCell Energy.

This project is going to be the first multi-stack electrolysis system produced by using the solid oxide technology of the company. FuelCell has earlier revealed the solid oxide electrolysis technology and disclosed both 50kW and 200kW output levels. The system will have an option to use the thermal energy to enhance the electrolysis electrical efficiency to over 90%.

Shares of FuelCell Energy, Inc. (NASDAQ: FCEL) soared 10.08% as it gained +0.24 during the trading session of Friday. It has a closing price of $2.62. Electrical Equipment & Parts company has a 52-weeks low range of 0.227 and a 52-weeks low range of 3.50. FuelCell Energy moved up 1054.18% and moved down -25.14%.  It had a trading volume of 60.76 million as compared to the average volume of 18.96 million. This company market capitalization has remained high, hitting 772.11 million at the time of writing.

If we look at the 12-month price targets for FuelCell Energy average price target is $3.00 with a high forecast of $3.00 and a low forecast of $3.00. The average price target shows a 14.50% increase from the last price of $2.62.

The electrolysis system will be transferred to Idaho National Laboratories (INL) after the testing of the system at FuelCell Energy’s Danbury. At Idaho National Laboratories, this system will undergo a testing system to confirm electric efficiency as well as the ability to use nuclear power plant waste heat to obtain higher efficiencies of up to 100%. Moreover, checking the performance level will accelerate the control schemes and integration design.

Get The Best Stocks To Trade Every Day!

Join now to get the Stockstelegraph.com pre-market morning brief 100% free

Tags: DoEFCELFCEL stockFuelCell Energy Inc.NASDAQ: FCELsolid oxide electrolysisUS Department of Energy

Related Posts

Tesla Inc (NASDAQ:TSLA) Stock Is Soaring. Here’s Why.
Featured

Jaguar Health (JAGX) Closes its $6M Promissory Notes, What’s Next for JAGX Stock?

January 21, 2021
Top 3 Big Data Stocks for long-term Investment
Featured

Top 3 Big Data Stocks for long-term Investment

January 21, 2021
TG Therapeutics (NASDAQ: TGTX) Ublituximab Receives Fast Track Designation In US
Featured

Adamis Pharmaceuticals Corp (ADMP) shares slide 14% as traders take profits

January 21, 2021
Rekor Systems Inc [REKR] Is Just Getting Started on Gains
Featured

Gevo Stock in a dump mode following $350 million offerings, but buoyant in long-term

January 20, 2021
Tesla Inc. (NASDAQ: TSLA) Reportedly Discuss Nickel Supply Deal With Top Miner BHP
Featured

Alibaba (BABA) Stock comes to life after Jack Ma reappears; The potential prospect of BABA this year

January 20, 2021
Is Twilio (NYSE: TWLO) Stock A Buy?
Featured

All Hail Streaming King Netflix Inc. (NFLX)

January 20, 2021
Next Post
15 Best Gold Stocks To Buy In October

15 Best Gold Stocks To Buy In October

Early Morning Vibes: The 4 Best Stocks To Buy Now

Blonder Tongue Receives U.S. Patent Grant For DMM Series Of Products
by Shan Zee
January 14, 2021
0

American stock markets ended trading largely in the green zone on January 13. The S&P 500 index improved to 3810...

Read more

Early Morning Vibes: The 4 Best Stocks To Buy Now

9 Trending Stocks in Travel Services Industry That Can Be A Good Bets
by Shan Zee
January 20, 2021
0

On January 19, American stock indexes finished trading in the green zone. The S&P 500 Index rose 0.81% to 3799...

Read more

Early Morning Vibes: Top 4 Stocks To Watch Right Now

Why Tesla Inc (NASDAQ: TSLA) Stock Might Be A Great Pick?
by Shan Zee
January 19, 2021
0

For Martin Luther King Day, the U.S. treasuries were closed yesterday. In the meantime, on Wednesday, the Americans are waiting...

Read more

Early Morning Vibes: 4 Stocks We Like for Thursday

Energy Focus (NASDAQ: EFOI) Introduces Portfolio Of Germicidal UV-C Disinfection Products
by Hasnain R
January 21, 2021
0

On January 20, American stock markets closed at new all-time highs. The S&P 500 index rose 1.39% to 3852 points,...

Read more

Early Morning Vibes: 4 Stocks We Like for Friday

by Shan Zee
January 15, 2021
0

On January 14, the American stock indices closed in the red. The S&P 500 index dropped 0.38% to 3796 points,...

Read more
  • About
  • Meet The Team
  • Privacy Policy

© 2020 Stocks Telegraph - All Rights Reserved

No Result
View All Result
  • Home
  • Featured
  • Investing
  • Morning News
  • Mid Day Movers

© 2020 Stocks Telegraph - All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Get The Best Stocks To Trade Every Day!

Join now to get the Stockstelegraph.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.