FuelCell Energy reports Q3

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Nasdaq listed FuelCell Energy, has just posted its Q3 results for fiscal 2005.

After the closing bell Monday, FuelCell posted a loss after paying preferred dividends, of $18.6 million, or 38 cents per share. That compares with a year-ago loss of $19.2 million, or 40 cents per share. Today, the stock closed up nearly 8% to 10.30.

What makes FCE different to other fuel cell companies are that it is situating itself at the larger power end of the market, up to 2 MW and above all their patented, "Direct Fuel Cells" which produce hydrogen directly from natural gas. This circumvents the cost of producing and transporting pure industrial hydrogen into a fuel cell.

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