The purpose of this Seeking Alpha article is to summarize some key developments and opportunities facing FuelCell Energy, Inc. (NASDAQ:FCEL).
FCELB is a cumulative preferred stock trading at about 20 percent of face value. Its prospects are linked to those of FCEL, but FCELB might be a more attractive investment. FCELB has a five percent cumulative preferred dividend, but it is trading at 22 percent of face value so the effective dividend rate is about 23 percent. That's an attractive effective dividend rate, but it also begs the question of whether the dividend