FuelCell Energy Inc (NASDAQ:FCEL) shares are trading higher by 2.6% at $6.40. Strength is possibly a sympathy movement with Plug Power, which gained following a bullish initiation from Wolfe Research.
FuelCell announced yesterday the company closed on a tax equity sale-leaseback financing transaction for the 1.4 megawatt SureSource 1500 biofuels fuel cell project with the City of San Bernardino Municipal Water Department in California with Crestmark Equipment Finance, a division of MetaBank.
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FuelCell designs, manufactures, sells, installs, operates and services fuel cell products, which efficiently convert chemical energy in fuels into electricity through a series of chemical reactions.
FuelCell has a 52-week high of $29.44 and a 52-week low of $1.58.