Shares in Ceramic Fuel Cells bounced 15 per cent on Wednesday for their best one-day gain since July last year. The gain was welcome news for shareholders after a difficult start to 2011 and the stock is still down more than 30 per cent year to date. The Melbourne-based developer of power-generating products that use ceramic fuel cell technologies was spun out of the CSIRO in 2004 and is listed on both the ASX and London AIM. The catalyst for Wednesday’s gain was a trading update in which the company hinted that a conditional order from Germany’s EWE for 200 generators – the company’s largest-ever contract – edged closer to reality, with a German government body indicating its intention to fund the order. The order is still subject to formal funding approval but there could be even more good news on the horizon as the company has confirmed that discussions to secure more orders in Australia are under way.