California FuelCell Dreaming (FCEL)

Posted in pre-market 
April 12th, 2010

FuelCell Energy Inc. (NASDAQ: FCEL) is trading up after winning approval to install fuel cells at several university locations in California.  California’s Public Utilities Commission approved the deal with 1.4-megawatt fuel-cell plants being installed at 4 sites in the state’s university system.

Shares had been up 7% earlier this morning.  At 9:32 AM EST we have shares up 4.5% at $3.00 on 120,000 shares.  The 52-week range is $2.57 to $5.47 and the stock trades almost 800,000 shares on average.

JON C. OGG

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