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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 232.88

-0.8%

Nov 17 3:59 PM EST

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To: Mark Fowler who wrote (127285)	6/27/2001 10:16:02 AM
From: H James Morris	Read Replies (3) of 164684

Mark, do still own FCEL? >NEW YORK, June 27 (Reuters) - Goldman Sachs on Wednesday said analyst Mas Siddiqui initiated coverage of FuelCell Energy Inc. , a developer of molten carbonate fuel cells, with a market performer rating. "We do not project earnings until 2005 and believe that the company is fully valued based on our estimates. Investors should note that fundamentals are of limited use here and that the stock trades on news flow. "Positive upcoming catalysts could include FuelCell Energy's accepting commercial orders by the end of 2001, followed by commercial shipments early in 2002," Siddiqui wrote. FuelCell shares closed at $24.89 on Tuesday after trading as low as $23.32, their lowest price since April 9. Its 52-week -- and all-time -- high was $54.375 last October. A year ago it was trading at around $14.

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