FuelCell Energy

FCEL

FuelCell Energy, Inc. is a fuel cell power company. It designs, manufactures, operates and services Direct Fuel Cell power plants (a type of molten carbonate fuel cell) that run on natural gas and biogas. As the biggest publicly traded fuel cell manufacturer in the U.S., the company operates over 50 plants all over the world. It operates the world’s largest fuel cell park, Gyeonggi Green Energy Fuel cell park, which is located in South Korea. The park consists of 21 power plants providing 59 Megawatt of electricity plus district heating to a number of customers in South Korea. It also operates the largest fuel cell park in North America consisting of five 2.8MW power plants and a rankine cycle turbine bottoming cycle in Bridgeport, Connecticut. The company has two markets including ultra-clean power, based on natural gas, and renewable power operating on renewable biogas. Its customer base covers commercial and industrial enterprises including utility companies, municipalities, universities, etc.

FuelCell Energy has been a target of short sellers for a while. The current short interest of 25.14% is significantly above the average of the last 12 months (8.07%).