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FuelCell Energy, Inc. Analyst Report: The Little Fuel Cell Company That Could by Brokerbank Securities, Inc.

NEW YORK, April 8, 2014 /PRNewswire/ -- FuelCell Energy, Inc. (NASDAQ: FCEL) a rising star in the fuel cell industry is the subject of an analyst report. The fuel cell industry is still in its infancy and represents huge potential in the coming years as the acceptance of various forms of alternative energy grows. Since fuel cell-powered engines do not burn fuel, they are an efficient, quiet, and pollution-free alternative to combustion engines. Advancements in technology through research and development, coupled with the declining prices of fuel cells, are expected to further promote the market for fuel cells going forward. There are six main fuel cell technology types: proton exchange membrane fuel cells direct methanol fuel cells, phosphoric acid fuel cells, molten carbonate fuel cells, solid oxide fuel cells and alkaline fuel cells. Among the various types, PEMFC is currently the most popular with regards to unit shipments due to its suitability for use in both small and large scales and wider acceptance across various applications. In terms of megawatts (MW), however, the three most popular types are split amongst PEMFC, MCFC and SOFC, where the contribution from the latter two is mostly due to their use in the stationary sector in large-scale prime power plants. In fact, it was estimated by FuelCell in their "Industry Review 2013" report that MCFC was expected to overtake PEMFC in 2013 for the first time in terms of annual MW shipped with about 43% of the annual total.

The main public company commercializing molten carbonate fuel cells is FuelCell Energy (FCEL), which designs, manufactures, sells, installs, operates, and services its fuel cells mostly in stationary power markets for distributed generation and combined heat and power (CHP). The company has sold hundreds of megawatts of its Direct FuelCell (DFC) power plants, which produce electricity and heat electrochemically using various fuels such as natural gas, methanol, diesel, biogas, coal gas, coal mine methane, and propane.  The company markets its products to electric utilities, commercial and industrial companies, universities, municipalities, government entities, and other customers around the world. It currently operates plants in approximately 50 locations worldwide, and has strategic partnerships with POSCO Energy (Korea), Enbridge Inc (Canada), Abengoa (Spain), and NRG Energy (US). 

A full in-depth analyst report on FCEL that includes risk factors, industry review, financial position, potential revenues, review of current business model, competition breakdown, analyst summary, and recommendation can be viewed by using the following link at no cost:


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This report may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward- looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of mentioned company to be materially different from the statements made herein. 


Content is researched, written and reviewed on a best-effort basis. This document, article or report is written and authored by Michael Maggi, CFA. An outsourced research services provider represented by Michael Maggi, CFA, provided Small Cap Street, LLC this article or report. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below. Small Cap Street, LLC and BrokerBank Securities, Inc. are not entitled to veto, interfere or alter the articles, documents or report once created and reviewed by the outsourced research provider represented by Michael Maggi, CFA. 

If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected]. For any urgent concerns or inquiries, please contact us at [email protected]


FCEL has not compensated Small Cap Street, LLC, BrokerBank Securities, Inc., or Michael Maggi, CFA for the creation or dissemination of this report. Small Cap Street, LLC and BrokerBank Securities, Inc., is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. Small Cap Street, LLC and BrokerBank Securities, Inc. do not hold any positions in FCEL. No liability is accepted by Small Cap Street, LLC and BrokerBank Securities, Inc. whatsoever for any direct, indirect or consequential loss arising from the use of this document. Small Cap Street, LLC and BrokerBank Securities, Inc. expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Small Cap Street, LLC and BrokerBank Securities, Inc. do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. 

Small Cap Street, LLC is the party responsible for hosting the full analyst report. BrokerBank Securities in the party responsible for issuing the press release and Michael Maggi, CFA, is the author of research report. Small Cap Street, LLC has compensated Michael Maggi, CFA two hundred dollars and fifty dollars for the right to disseminate this report. BrokerBank Securities has been compensated one hundred dollars to issue press release by Small Cap Street, LLC. Information in this release is fact checked and produced on a best efforts basis by Michael Maggi, CFA. 

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

BrokerBank Securities, Inc. is a member of the Financial Industry Regulatory Authority, CRD number #130116.

SOURCE BrokerBank Securities, Inc.

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