FuelCell Energy to Acquire 14.9 Megawatt Bridgeport Fuel Cell Park from Dominion Energy
FuelCell Energy, Inc. (FCEL)
Last fuelcell energy, inc. earnings: 3/16 07:00 am
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Source: GlobeNewswire
Increases the Company’s generation portfolio to 26.1 megawattsFuel cell park is one of the largest producers of renewable energy credits in CT DANBURY, Conn., Nov. 05, 2018 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL), a global leader in delivering clean, innovative and affordable fuel cell solutions for the supply, recovery and storage of energy, today announced that it has entered into an agreement to acquire the existing 14.9 megawatt fuel cell park in Bridgeport, CT from Dominion Energy. FuelCell Energy developed, constructed and commissioned the Bridgeport fuel cell park in December of 2013. FuelCell Energy has operated and maintained the plant under a service agreement with Dominion Energy since it was commissioned. FuelCell Energy intends to own and operate the plant as part of its generation portfolio. The transaction is expected to: Add annual revenue in excess of $15 million per year;Deliver EBITDA margins in excess of 50%, andBe accretive to F
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FCEL
Earnings
- 3/7/24 - Beat
FCEL
Analyst Actions
- 3/8/24 - Canaccord Genuity
FCEL
Sec Filings
- 5/1/24 - Form 4
- 5/1/24 - Form 3
- 4/29/24 - Form 8-K
- FCEL's page on the SEC website