Juiced Up At Fuel Cell Energy

Fuel cells. That's the latest idea that has caught the Street's fancy. Shares of fuel-cell developers have surged, among them FuelCell Energy (FCL), which rose from 11 in late July to 37 1/2 on Jan. 19. Why fuel cells? Like batteries, fuel cells produce electricity without combustion or rotating machinery. Unlike batteries, however, fuel cells keep on producing power as long as their fuel and oxidant supplies are maintained. In addition, fuel cells produce electricity more cheaply and efficiently than conventional generators, and they emit less pollution.

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