FuelCell Energy - ESG prospects or going down the drain?

It is a company that designs, manufactures, operates, and services fuel cell power plants.

Here are some facts about the company you should take note of before investing.

FuelCell Energy operates the world’s largest fuel cell park, Gyeonggi Green Energy Fuel cell park, which is located in South Korea. The park consists of 21 power plants providing 59 Megawatt of electricity plus district heating to a number of customers in Korea.

It also operates the largest fuel cell park in North America, consisting of five 2.8MW power plants and a rankine cycle turbine bottoming cycle.

Although it is a company that is championing lesser carbon emissions, its topline hasn't been doing quite well.

Over the last 10 years, revenue has been on a declining trend, save for the recent few quarters where there is an uptick.

Even though it operates some of the world's largest fuel cell parks, it has been loss-making all this while.

Not only that, it is cash-burning as well.

It survived all these periods through capital raising exercises.

Do you think investors should be patient with FuelCell Energy?

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