The alternative energy industry is growing in demand from consumers and investors, as Zacks pointed out in their report. This is a key factor to consider.
In general, those that innovate and take charge in emerging industries early on will be the leaders of those industries in the future. Think about it, the world of online retail was very young when Amazon.com got involved.
Many thought that the company would go bankrupt due to the massive amounts it was spending on infrastructure and innovation. Today, it is the one of the largest online retail outlets in the world and shows no sign of giving up its crown any time soon.
For FuelCell Energy, the company couldn’t be in a better place, at a better time. The alternative energy industry is emerging and there is heavy interest in the fuel cell technology space. At the same time, FCEL is working on one of the biggest fuel cell projects in history with ExxonMobil.
The company is also working on several other projects throughout its multi-billion dollar revenue backlog. As the industry continues to build investor and consumer interest, FCEL is working to become a cornerstone in the space. All in all, that gives investors plenty to look forward to ahead.
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