Firstly, of course, the market demand for fuel cells, and more specifically in the very fashionable areas of hydrogen and renewable energy, will have to be taken into account.
There are several large institutional shareholders in Fuelcell Energy with The Vanguard Group holding 7.57% of the shares, Heights Capital Management with 5.18% of the shares, Lawrence Rosen with 3.55%, BlackRock Fund Advisors with 2.14%, SSgA Funds Management with 2.01%, Renaissance Technologies with 1.60%, Geode Capital Management with 1.55%, BlackRock Advisors UK with 1.51%, Invesco Capital Management with 1.04% and Hudson Bay Capital Management with 0.96%.