Boston, MA 09/11/2013 (wallstreetpr) – The FuelCell Energy Inc (NASDAQ:FCEL) is a well known name in the market if the fuel cell industry. This industry has been operating for many years and thus has emerged to be one of the key players of the market. Not only that but the recent news from the organization has surprised and amazed its share holders as well as the whole fraternity of the concerned field. Under the pressures of the economic crunch that was going on in the world economy the company too started showing negative margins. That was a matter of concern for the company as well as for its shareholders. However, on 4th September, 2013 they announced their profit margin. It was observed that not only they themselves up from the negative margin but is also showing an effective positive margin as well.
The financial up-liftment
The company was seen to be making a constant negative margin in few of the consecutive quarters. However, from the last three quarters it stated showing improvement and in the final announcement they have shown the report of a positive margin. The gross profit amount was recorded to be about $6.8 million. This company has seen the worse and then slowly from targeting the break even they have emerged with a positive margin amidst the commotion and financial imbalance of the world economy.
In this light of the news of the profit another thing can also be mentioned that before the profit results were out the FuelCell Energy Inc made a deal with the NRG energy. The deal was another reason of security for the share holders of the company as the deal assured to have a positive long term effect in which the financial security of the prospects of the company are said to be protected.