FuelCell to add more than 100 manufacturing jobs at Connecticut facility as it expands annual production [MarketWatch]
FuelCell Energy, Inc. (FCEL)
Last fuelcell energy, inc. earnings: 3/16 07:00 am
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Source: MarketWatch
FuelCell to add more than 100 manufacturing jobs at Connecticut facility as it expands annual production FuelCell Energy Inc. FCEL, +0.76% said Wednesday it is planning to add more than 100 manufacturing jobs as it increases annual production to 55 megawatts from the current 25 megawatts run rate. The new jobs will be created at the company's Torrington, CT facility. "Our financial performance has reflected the impact of the reduced manufacturing run-rate over the past couple of years, costing the business over $12 million annually in under-absorbed factory overhead," Chief Executive Chip Bottone said in a statement. "Once this production increase is fully implemented, we will no longer have this drag on our financial results." Shares rose 3% premarket, but are down 21.8% in 2018, while the S&P 500 SPX, +0.40% has gained 5.1%.
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FCEL
Earnings
- 3/7/24 - Beat
FCEL
Analyst Actions
- 3/8/24 - Canaccord Genuity
FCEL
Sec Filings
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- FCEL's page on the SEC website