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Fuel Cell Deal Sends Small-Cap Soaring (FCEL, PLUG, HEV, BLDP, HOKU, TM, DAI)
by Owen Vater | June 3rd | Filed in: Green Investing News
Tickerspy’s Fuel Cell IndexFUEL CELL INVESTING IDEAS
FUEL CELL COVERAGECompanies involved in the development of fuel cells and related technologies
FUEL CELL CHART FUEL CELL METRICS
Danbury, Connecticut-based Fuelcell Energy (FCEL) shot higher by 12% after the company announced a deal $12.6 million deal with Pacific Gas and Electric Company. According to this morning’s press release, PG&E ordered two 1.4 Megawatt fuel cell power plants to install as utility-owned fuel cells on California college campuses. FuelCell Energy chairman and CEO R. Daniel Brdar said, “This type of CHP (Combined Heat & Power) application has attained efficiency levels approaching 80%, well above alternate methods for generating electricity,” in a statement. As a whole, the Fuel Cell Stocks Index has underperformed the S&P 500 by -9% over the last month with FuelCell Energy among laggards. Plug Power (PLUG), the Index’s smallest component at approximately $55 million, has fared the worst, down -36% for the period. Click to see more Fuel Cell Stocks, Graphs and Metrics  Over the past five sessions, battery technology, fuel cell, and nanotech firm Ener1 (HEV) has led the Index with a 11% rally. The move is largely tied to a battery systems deal with Chinese auto parts giant Wanxiang. Ballard Power Systems (BLDP) and Hoku Corp (HOKU) are both taking part in today’s rally, helping the Index higher by 2%. According to the latest 10-Q filing on February 5, 2010, Hoku hasn’t posted any income or losses from the operations of its fuel cell segment since 2008. It will be interesting to see how fuel cell stocks perform as the global push for clean energy solutions grows. Last week the Financial Times said Toyota Motor (TM) and Daimler AG (DAI) are mulling cooperation in the automotive fuel cell segment, and FuelCell Energy’s earnings press release quotes California governor Arnold Schwarzenegger cheering the technology’s prospects. Investors can track the Fuel Cell Stocks Index for performance trends and a suite of other metrics at tickerspy.com.
More on this topic
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FuelCell Energy Awarded $2.8 Million Contract
(Benzinga, 10/19/10)
FuelCell Energy (NASDAQ: FCEL) Announces Largest Order Yet
(Energy and Capital, 11/5/12)
Nation's Largest Fuel Cell Park
(Energy and Capital, 12/19/12)
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June 4th, 2010 at 11:02 am
There is only one ultimately safe, lean and big enough for industry solution and that is new nuclear generation. We are living on our old reactors that have been updated but everthing in the world of Nuclear generation eventually needs a replacement-even if only every 50 years.
However, we can become the all electric industrial power we ought to be and stop mucking about in coal pits and playing with stinky and unhealthy as well as supremely dangerous liquid and gaseous hydrocarbons. Peak oil is the best thing to happen to the world is we apprach it from the nuclear generation angle. As long as we don’t have the three stooges running the show,(as in the old USSR), we will be fine.
ALl of the nuclear accidents in the US ever to have occurred have not caused as much harm and damage as a decade’s worth of hydrocarbon mining-I would go as far as to say coal , gas and oil collection kill more people in a year than nuclear generation has killed since commercial generation began in the West(the USSR was a closed society, and always lied about everything as a policy. There are no reliable stats from Russia and never will be.)
Nevertheless, Nuclear is infinitely safer than oil, gas and coal and a damn sight cheaper to generate. It may cost a bundle to build but you only have to build a reactor once: good housekeeping practices will keep it running a century, at least.
mb
NYC
June 8th, 2010 at 4:37 pm
Nonsense! Nuclear is the dirtiest and most expensive form of power
generation of all. What the industry tries to avoid talking about is the production of radioactive waste for which there is no means of safe disposal. All we can do is store it, for a long time! Tens of thousands of years! Are you including that cost in the ‘per unit’ generation cost?
Frank