Boston, MA 05/28/2013 (wallstreetpr) - In Friday’s trading session, FuelCell Energy, Inc (NASDAQ:FCEL) rose by 28.81%. It opened at $1.18 per share, touched an intraday high of $1.53 and dropped down to close at $1.16 per share. More than 16.39 million shares were traded in Friday’s trading session. This number stood above the average volume of 2.07 million that was measured over a 30-day period.
The FCEL stock has shown an ascending momentum. Its technical chart indicates an upward climb which started in mid-April 2013. At current market valuation, the stock is trading 10.07% under its 52-week high, but 50.60% over its 52-week low.
FuelCell Energy, Inc (NASDAQ:FCEL) is coming off an announcement that it had made in April. It had detailed the sale of one of its megawatt-class, fuel cell power plant. This was to be installed at Hartford HospitalConnecticut. It will announce its 2013 Q2 financial results on 6 June 2013. At present market evaluation, FCEL is overbought and has a 73.95 RSI. However, its upward momentum indicates that its trading values have risen and FCEL has risen 15.85% on the 20-day simple moving average and 25.10% on the 50-day simple moving average.
FuelCell Energy, Inc (NASDAQ:FCEL) is an integrated, fuel cell company. It is engaged in designing, manufacturing, selling, installing, operating and servicing of stationary, ultra-clean fuel cell power plants. It does this for the distributed base-load power generation. FCEL’s Direct FuelCell power plants use a variety of available fuels. With these it produces electricity electrochemically. No combustion is used in the process, it is quiet and produces almost no pollutants. In 2012 December, it acquired a company named Versa Power Systems, Inc.