FuelCell Energy, Inc. common stock will begin trading on the Nasdaq National Market on June 7, 2000 under the ticker symbol FCEL.
The stock moves from the American Stock Exchange where it is traded under the symbol FCL.
“Our move to the Nasdaq, with its multiple market maker structure, should provide our shareholders and potential investors with greater visibility and liquidity,” said Jerry D. Leitman, president and chief executive officer. “As a leading manufacturer of fuel cell power plants, a technology that promises to power the new economy, our company certainly fits in well with the many other cutting-edge Nasdaq-listed concerns.”
FuelCell Energy, Inc. (www.fce.com), formerly Energy Research Corp., is a world-recognized leader for development and commercialization of high efficiency fuel cells for electric power generation. The Company’s Direct FuelCell technology eliminates external fuel processing to extract hydrogen from a hydrocarbon fuel. This results in a product whose cost combined with high efficiency, simplicity and reliability, results in product advantages for stationary power generation. FuelCell Energy is based in Danbury, Conn. The Company has been developing DFC technology for stationary power plants with the U.S. Department of Energy through the National Energy Technology Laboratory, whose advanced fuel cell research program is focused on developing a new generation of high performance fuel cells that can generate clean electricity at power stations or in distributed locations near the customer.