Gencor Industries Inc
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Industrials : Machinery | Small Cap Blend
Company profile

Gencor Industries, Inc. is a manufacturer of heavy machinery used in the production of highway construction materials, synthetic fuels and environmental control equipment. The Company designs, manufactures and sells machinery and related equipment used primarily for the production of asphalt and highway construction materials. Its geographical segments are United States and Other. The Company's principal products include asphalt plants, combustion systems and fluid heat transfer systems. It also manufactures related asphalt plant equipment, including hot mix storage silos, fabric filtration systems, cold feed bins and other plant components. The Company also manufactures soil remediation machinery, as well as combustion systems for rotary dryers, kilns, fume and liquid incinerators and fuel heaters. Its General Combustion subsidiary also manufactures the Hy-Way heat and Beverley lines of thermal fluid heat transfer systems and specialty storage tanks for an array of industry uses.

Closing Price
$12.58
Day's Change
-0.35 (-2.71%)
Bid
--
Ask
--
B/A Size
--
Day's High
12.74
Day's Low
12.50
Volume
(Light)
Volume:
18,226

10-day average volume:
24,928
18,226

FuelCell's stock soars toward matching longest win streak in nearly 7 years

2:20 pm ET December 23, 2020 (MarketWatch)
Print

Shares of FuelCell Energy Inc. (FCEL) soared 19.8% on heavy volume toward a more than 2-year high in afternoon trading Wednesday, amid continued optimism surrounding COVID-19 aid deal Congress passed this week, which included provisions for fuel cell technologies. Trading volume swelled to 139.5 million shares, compared with the full-day average of about 88.0 million shares. FuelCell's stock has now rallied for a 7th-straight session, and has charged up 67.1% during that stretch. The current streak matches two other 7-day win streaks seen this year, including one that ended Nov. 23 and the other than ended June 8; those were the longest win streaks since the 8-day stretch of gains ended Feb. 18, 2014. As part of the aid deal, Congress extended the 26% investment tax credit (ITC) for fuel cells for two years, while existing law calls for the ITC to fall to 22% in 2021 and to 10% in 2022, as Raymond James analyst Pavel Molchanov explained. FuelCell's stock, which is on track for the highest close since October 2018, has skyrocketed 477.3% over the past three months, while the S&P 500 has gained 14.5%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

December 23, 2020 14:20 ET (19:20 GMT)

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