Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Quote " Technical analysis is only reliable in the present moment and interpretation is subjective."
That explains allot. It is so far from the truth it leaves me with disbelief the comment was even made.
Trends and indicators develop over time as Technicians look at short, intermediate and long term of both . A good technician knows how to interpret them while a neophythe can easily mis-interpret them , I've seen much of the latter.
Fcel's trends turned down 13 months ago when I said it did. The chart and its indicators reflected it. Those that dismissed the information and remained in the stock when both fundamental analysts and good T/A's said to SELL, rode the px down to $4.00 currently. I ask,What did they rely on.!!.
Quote " the market is manipulated by the BIG BOYS."
LOL. They've "manipulated" the stock right down to $4.00 from $29.30. And those Institutions like Blackrock and Vanguard are now sitting in a pile of losses just like their followers. The notion is BS.
T/A is a widely used tool .... even by institutions. When Fundamental analysis as done by trusted , reputable, unbiased, researchers , RESULTS show it.
I will be only to pleased to stack the above research resultsagainst any other type over the last 13 months, And compare the results. Can't seem to get any takers though.
Maybe if I knew what other kind of research produced better results in the last 13 months, I'd give it a glance.
Any thoughts?? Back it up with supporting statistics and there's something to talk about. Until then it's BS.
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.etf.com/stock/FCEL&ved=2ahUKEwi7y8fEmZj6AhXqFVkFHYpvAasQFnoECAsQAQ&usg=AOvVaw3Z48BcoctleScL95FRa7jS
https://www.fuelcellenergy.com/recovery-2/recovery-2/
https://www.catf.us/2022/08/why-are-carbon-contracts-difference-gaining-popularity-europe/
https://www.catf.us/2022/09/catf-highlight-importance-expanding-clean-energy-options-global-clean-energy-action-forum/
And still it is COMPLETE B.S.
And still, it’s completely accurate….lol
Let's face facts...
Your post is opinion. Nothing objective to back it up.
It's probably one of the Big Boys protecting $4.50 options.
More proof of how manipulated this market really is, IMO.
Last options snap shot here:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169791933&txt2find=options
lets just face the facts....this stock is flat floundering...all the nonsense about trying to keep track of every intraday penny move up or down is just ridiculous...trying to justify the loss of a nickel's worth of pps and gloating over a ten cent rise is just BS...
there is a huge market downturn coming soon...and if Few doesnt get off his dead butt and get something done, fcel will drop into the twos...
and i wouldnt count on all those billions of dollars in the IRA saving fcel from itself...that money aint getting into anyone's hands anytime soon...maybe even
never...
Although it clearly sucks we dipped down at the end of the day we know it had nothing to do with the company or the fundamentals. The markets show the same pattern, only they were down most of the day. We also maintained well above $4 as we close in on the end of the week. Green Day tomorrow should be a very positive sign for next week.
Now this is funny...
According to analysts of repute,
Simple arithmetic- 386 mil; shares pre-dilution; 481 mil shares post dilution $481 mil shares x $.23 loss/sh ( analysts estimates ) = $110,630,loss. THAT INCLUDES ROUGHLY A 40% INCREASE IN SALES.
$110,000,000 in losses on top of $128.630,000 this year is no small number. They show Sales alone is a poor metric and everyone, especially the market knows it.
Pure B.S.
Combine that with thorough, unbiased research on the fundamentals as the professional analysts do
Technical analysis is only reliable in the present moment and interpretation is subjective.
The market is manipulated by the Big Boys.
7++
Seems the market and analysts, Technicals share my " opinion" ?
What "opinion" could be more effective than those.
Seems the market and analysts, Technicals (sic) share my " opinion" ?
What "opinion" could be more effective than those.
Ever wonder why losses, expenses, delays, cash burn are not included in the discussion?
Techical Analysis is widely accepted as a tool in making investment decisions. Charts and indicators aid in making informed investment decions. Everyone knows that!
If it weren't for charts and the indicators they show, I would have bought a/o held FCEL after it busted from its $29.30 high. So glad I respectthis valuable tool.... and did not!!
Combine that with thorough, unbiased research on the fundamentals as the professional analysts do and many investors exited the stock early, didn't buy any of the DEAD CAT BOUNCES, and stayed on the sidelines.
Those that ignored boththe technical and fundamentals sit now with a $4.00 stock .
NOT ME. !
I must reiterate an earlier post so readers are not denied the facts,
1) According to analysts of repute, FCEL will generate a $110, 630,000 in dollars lost taking in consideration of the 95,000,000 add'l shares FCEL will have sold into the market. they've already sold 18,500,000 shares in the last quarter.
Simple arithmetic- 386 mil; shares pre-dilution; 481 mil shares post dilution $481 mil shares x $.23 loss/sh ( analysts estimates ) = $110,630,loss. THAT INCLUDES ROUGHLY A 40% INCREASE IN SALES.
$110,000,000 in losses on top of $128.630,000 this year is no small number. They show Sales alone is a poor metric and everyone, especially the market knows it.
Despite the miniscule drop in $$$$ lost, its huge in of itself and not to be overlooked.
The professional analysts have not changed their recommendation despite estimating the slight drop in $$$$ lost in 2023. Their remains NO BUYS among highly regarded analysts. Sales increases have not convinced them.
I seriously doubt the stock has any chance of reversing its downtrend over the next few days and view any prediction that it will is unsupported with evidence.
Let history of these predictions and the results be the guide.
The record is there to view. Results count.
Volume & chart, in my opinion and in general,. Appear very positive. Volume seems to be gradually increasing. I like gradual less volatility which means less day trading. I think in part to less shares being available for such. Chart seems pretty clearly to have established support at $3.25, in a very strong manner. Also appears to be establishing a newer support level to be determined over the next couple of months, and likely over $4 from the action in the past couple days. Should know that by Monday. That bodes well for interest from the people that monitor charts and moving averages. It also bodes well for those who only invest in stocks that are over $5. We find out either way very shortly. Let's just hope for nothing catastrophic in the overall market or targeted at the fuel cell industry. Still sticking with $5 by Monday or Tuesday as long as we hold over $4. I don't think they range this out for long.
Personally, I think trading stocks based on moving averages and charts is BS, and the only reason I mentioned charts at all is because I know people trade based on it. Stock should trade on company specific news developments fundamentals etc and for anyone paying close attention fuel cell energy has all of that. If you're familiar with the company historically they've never had anywhere near as much news in a year or even two years for that matter. And that's real news with sustainable growth. First and foremost policies nationally and internationally with massive financial support are in place and we have never had that before, NEVER! But solar and wind did hence the massive difference. FCE has also announced a handful of new or extended relationships over the past 9 months. I often hear we need new contracts. We do, but we also have more contracts in the past 9 months then we have in any previous year in existence. And we have a couple of significant mou's.
That said we must be trading well over the 50 day and getting darn close to the 200 day. Anyone have those numbers? I can tell you if we're just over $4.60 next week that will be a one-month high and darn close to a 5-month high. In my opinion $5 is lights out for the bears, and we quickly test the 12 month high.
I don't want to jinx us but does anybody really believe in that crap anyway. I mean like if me saying something changes the world I should say things more often. If it goes the opposite heck I'll just start saying the opposite. Of course you can't drink something anyway, certainly looks to me like $4 is a good support level at this point. Of course that could always change tomorrow. Again, I reiterate my opinion if we hold over $4 through the week we still have a legitimate chance of hitting $5 by Monday or Tuesday. Being granted full operation or a massive carbon capture project wouldn't hurt. That'll come soon enough. $5 is just the beginning when it happens. We're due for an update on any number of things we are aware of and I'm certain we'll hear things about other stuff we are not aware of this year also.
Is there ever any fact? I believe we all know the answer is no. Zach's currently has buy rating I don't hear anybody preaching about that. I'm guessing this move is just adjusting to more proper valuation after yesterday's ridiculous sell-off. I concur everyone knows growing revenue is the most important thing for a pre-profit growing company. No questions asked no doubt about it. Although you do need to improve margins and show that you can get to profitability but not right in the middle of expansion. I have zero doubt every quarter moving forward will there will be evidence of closing in on profitability and continuing to grow Revenue. Best quarterly Revenue in over 5 years this past quarter and next quarter is projected to exceed that by everyone even analysts. Nobody saw any new news correct? Just stay over $4 baby like I said. If we do we have a legitimate shot at $5 by Monday or Tuesday
“Professional analysts offer complete and unbiased research. “
Lol. Nope.
Revenue is 1 component in complete analysis. To believe it can stand alone while continuous losses mount does not stand up to what the results have shown.
Quote " I don't look at analysts especially at this level".
That's unfortunate ! Professional analysts offer complete and unbiased research.
Listening to other types or doing ones own. has left investors with a one sided view, biased and incomplete with the result being a $4.00 stock without knowing why.
I take all research into consideration . I'v efound the professional research to be of quality as the results have shown.
I said it yesterday ie the drop in fcel will be attrributed to the drop in the market. Yet, for over a year the market rose to new heights while FCEL dropped to its lowest level. Analysts called for a SELL, losses mounted, technicals were broken, and dilution came . The company showed no evidence of a turnaround and the largest loss/sh was in the latest report.
While there is support in the $3.80 - $4,00 range there is no fundamental evidence why it should hold. The wisdom of investing was and is with those astute investors who exited when the trend broke at 29 while the BULLS screamed it was going higher . They continued to pound the table at each drop lower. The result is clear.
With the Feds decision coming on the 21st ( 75-100 basis points), what possible logical reason would an investor with any investment savvy buy this penny stock now or by Monday. We know better than to get in front of an oncoming train.
Unfortunately for the Bulls, they're stuck with holding the stock in the face of ongoing selling by others including FCEL itself.
The time to have been cautious was at the $29.30 high). Too late for caution now. Now they're forced to HOLD .
As anyone who read the quarterly saw, the increase in Sales was accompanied by a 100% increase in losses/sh and total $$$ lost. That shows, costs, expenses, delays eating into any chance of a profit. That is expected to continue as 11 professional analysts see no near term catalysts, including sales increases, that will prevent losses through 2025..
The 8 DEAD CAT BOUNCE MAY WELL HAVE BEEN SHORT LIVED. $4.50 - $5.00 was a feasible point to bet on last week. Not now!
Now's the time to buckle up and hope for a miracle to prevent this pos from approaching a new low in the $2's.
Bulls need some life support to prevent that. Words won't do it . Sales won't do it.
And the "manipulation" stpry is still a bunch of BS.
Lol
I believe revenue is king. Especially growing revenues.
I don’t look at ‘analysts’. Especially down at this level.
But your responses were all opinions. That’s it.
Being a red-blooded human being and an American it's disappointing and discouraging to see what I believe is the worst day in the markets I've ever seen. Anyone excited or happy about that is a little deranged to say the least in my opinion. That said, with the devastation across the market for FuelCell to hold over $4 and be down only 5.5% on only 11.5 million shares is a little encouraging for wise investors. Although it may be a little rocky through the week I'm still committed to the fact that we can hold over $4 or at least bounce back up over $4 after a brief dip. If such is the case and we are closer to $4.50 then we are $4 by Friday, I'm still optimistic about $5 by Monday or at least sometime next week. The market will at least forget a little bit about the CPI by next week. It's no surprise to anyone there's inflation. Powell told everyone and no uncertain terms there's going to be more significant rate hikes in the foreseeable future. This is no surprise simply traders being cautious. 1st ++ signal $$ flows back in.
Looks like theDEAD CAT BOUNCE came to an early end.
With quality names getting rocked, there's no reason a penny stock like FCEL holds up. By all fundmental and technical measures, if pnce support in this area breaks down, $3.00- $3.50 is the next stop.
The compny reported the worst quarter of the last 4 quarter. As SALES increased, fundamentals eroded and the px dropped. That suggests again that Sales alone is not a metric to rely on. If it were, the market, professional analysts and clear thinking investors would be piling in. Instead they've sent another message. SELL! They were right!
Bulls will fall back and blame the market. What they won't say is that while the market rose to all time highs, FCEL sh/px went lower and lower. Further, the old "accumulation by institutions" is likely to reappear. At this rate they'd be "accumulating" the stock down to $3.00. It's FOLLY not a logical argument to think theinstitutions have been accumulating shares ; especially now when FCEL is dumping them and diluting sharenolders.
I addressed more of the reasons not to BUY this stock in an earlier post today. I found it necessary to do so after reading empty reasons why it should be owned while omitting key points why it shouldn't be.
Results count. I've followed trusted professionals advice and avoided any other, It's paid off!
TOTAL B.S.
The post you responded to said no such thing.
Thanks a bunch wtm I was on the road working trying to figure it out in haste and you just made it real simple. Now I can grab my coffee and get back on the road. I hope it worked I just tried it. Unless we dipped lower since last I looked we're holding up pretty well considering the CPI and the knee-jerk reaction. I'm sure the bears are drooling right now wondering how much money they can try to make this week. I'm still committed to the fact if we hold over $4 through the week we should get to 5:00 no later than Monday.
Hoghead, this is how you add a sticky post to the FCEL board:
1- At the top of the FCEL board page click on the icon "Manage" available to you as moderator of the FCEL board
2- Next click on "Manage StickyPosts" 5th entry on the line following the board name
3- Next simply add the post number in the box to the left of the text "(Post must be < 48 hours old)" and click on "Add Post#"
Yeah I get that, I read that first time. I still have no clue how to make it a sticky post. I understand the rules of the sticky post as stated. But what do I do open the post and search somewhere for make it sticky I have no clue. Do I click on the post number can you give me steps one two and three. I've never utilized any moderator tools or benefits all I do is post my opinion and any research I see or find.
Link to moderator's hand book - look at section 5 item 5.3
https://ihwiki.advfn.com/index.php?title=Handbook
Still don't know how to do a sticky can't reply privately and don't know what you mean by the last part
So you believe Sales alone is the metric to use in making investment decisions?
Ever wonder why losses, expenses, delays, cash burn are not included in the discussion?
Seems the market and analysts, Technicals share my " opinion" ?
What "opinion" could be more effective than those.
Do tell !. Then tell me why the stock can't get out of its own way, sticking near a 13 month low.
I agree, each investor has to do their own DD and decide....
Is the glass half full or half empty?
This is all opinion… Lol
1) Revenues by itself is a poor metric to base an investement in FCEL on. Witness the doubling of losses as revenues increased.
2) A new relationship is not an award. Until the " relationship" progresses to new business it adds nothing .
3) There has been no announced business of the sort. Nothing was announced in the CC . The expected new business from Posche did not materialize.
4) Exxon continues to allow FCEL to continue its work . They have nothing to lose. In the meanwhile FCEL's costs mount ias for 8 years they cannot prove their claims. Few made mention of Rotterdam, but did not express assurance they will be involved. If there's a bet to be made in Europe, bet on Plug and Bloom. They've got the attention and the spark.
5) The 95,000,000 share filing is diluting shareholder value . $18,500,000 of those shares havwe been issued already. The $450 mil cash on hand apparently is not enough to cover the cash burn expected and the mounting expenses . Thus the need for a 95,000,000 sh offering.
Patents won't do it. Plug and Bloom have the right technology , patents and garnered respect from giant customers like Amazon, Walmart and a $4 billion contract to Bloom in So. Korea already. FCEL cannot boast such recognition.
Share px could rise slightly as the 8-9th DEAD CAT BOUNCE unfolds. $4.50- $5.00 and it stops there resuming its long term downtrend.
The market , respected analysts and investors have not been convinced this company is worh anyome than the current px and may be worth allot less.
"I read it - and it didn't say what you said it said."
it says EXACTLY what i said it said...and i put what it said in quotes...the wording does change in the filing depending on who reads it....lol
"So why didn't you link and cite text?"
you already said you read it..so you know its there...pretending the 8k doesnt say what i quoted is ridiculous...as for the ammendents, i used YOUR links and quoted from them...lol
everyone can read the 8k and the amendments you posted....saying they do not say what i quoted is a serious hit to ones credibility...
Ya, look at my reply to that poster, just because I love to prove them factually inaccurate.
Facts,::
1) Several dozens of little nks posted from company related and/specific positive developments in less than the past year
2) Revenue in 2022 has already exceeded 2021 by far, and is expected to reach almost 109% I crease y/y.
3) FCEL has gained at least 3 new relationships (TuNur, SNAM, and Navajo Nation) which should provide more substantial revenue moving forward.
4) Reestablished access to business in the Asian market already resultibg in $71.5M in 2022, and more $ revenue moving forward (50MW MOU with KEPCO, repeat customer)
5) Extended and expanded 10+ year relationship with XOM to commercialize Carbon Capture. Will hav updates by January but very likely sooner. A couple key milestones have 10/31 deadlines (Companies fiscal year end) and PORTHOS has committed to making a final investment decision this fall. Jason Few expressed confidence we will be involved in carbon capture at Rotterdam.
6) Fuel cells, Carbon Capture & Hydrogen production have received unprecedented attention and amounts of money in the hundreds of billions of dollars over the past year which have yet to be distributed but are beginning to be.
7) Have over $450M unrestricted cash, greater than 4 years of operations if loss continues at the average loss per quarter over the past 4 quarters.
8) Generation (Recurring) revenue has increased from $7-$8M a year to no w over $10M per quarter or over $40M per year, and will continue growing. Generation revenue carries highest margins by far.
9) Current run rate is only (about) 37MW and results in under absorption of overhead, which will get better when increased. Current goal and the expectations are 40-45MW by end of fiscal year.
10) Toyota is expected to be in full commercial operation by January which will add another $3+M a year in recurring Revenue.
11) Groton is awaiting decision by Navy & CMEEC regarding entering full operation at a 6MW capacity, which would result in approximately $6+M a year in RECURRING REVENUE! We should find out within 3 weeks if that is the case.
12) carbon capture and hydrogen production are in their infancy, in fuel cell has patented proven technology in both arenas.
13) there are many many more details that can be listed they are all on these boards at one point or another as already mentioned dozens of links. Anyone not understanding the massive potential of this company is either lying or doesn't have sufficient reading comprehension skills to process the truth. That's fact!
Opinion, long term investors will be very nicely rewarded in the coming months/years. The share price hit $29.44 in February 2021 on hype & hope of green energy boost from the election & no factual news. News already released from December 2021 to September 2022 is sufficient to justify a very healthy pop of far more than 200% from $2 level end of 2020. Valuation should easily be 200% or greater. We have had an increase in shares since then, I believe approximately 65M shares. Valuation was around $650-$700M and is currently $1.6B 200% would be around $5-$5.50, but like I said, developments in the past year justify a greater pop than that. We need no new news to get to $5-$6. However, any + news should result in surpassing $6 rather easily. That's opinion, but very rational.
I read it - and it didn't say what you said it said...
So why didn't you link and cite text?
SMH...
"So I should take your word for what the filing says?"
WHAT???...you said you read it...did you or didnt you??...
cause it says the same thing no matter who reads it...LMAO
So I should take your word for what the filing says?
Fat chance....
7.2 m shares. 331 p.m.. flirting with pushing through the high on the day which is also over a one-week high. Plug was selling off earlier likely just related to 20% gain in the past week. Simply day traders jockeying for position trying to make a few bucks. No reason for the stock to go down, plenty of reasons for the stock to stay the same or go up. Can't wait to see what our support level is through tomorrow, certainly appears to be moving up, after the very brief quick dip below $3 we showed support twice at 3:25 then on the 3rd attempt it only went down to 342. Looks like we established support at 398 then we dipped briefly to blow that for a couple of days but nowhere near 342. In my opinion if we hold over $4 through the week we should hit $5 no later than Monday. Unfortunately the MEO, combined with the pessimistic focus on the earnings mess versus the highest revenue quarter in over 5 years has temporarily put the brakes on. Let's see where we're at 1 to 2 weeks after earnings. Especially with any positive news.
"I read the JDA too - I disagree."
thats not good enough...the wording is CLEAR...it says what it says...and the meaning is VERY clear...
not liking it does not change what is explicitly stated in the filing...
DUH YEAH, and until it is installed in those projects they may not get credit for the milestones.
I read the JDA too - I disagree.
if fcel makes a new toaster and patents it, they can keep it....whatever has anything to do with Exxon and what they want is covered by the JDA....fcel is NOT allowed to work with anyone else OR ON ITS OWN without the express permission of Exxon...and anything fcel develops and patents will all be owned by Exxon...
its in the filings...it is what it is...it doesnt matter if anyone likes it or not...
"The milestones may be installls."
no...the milestones have to do with carbon capture and what Rotterdam wants to see...they have to do with research and development...
"This is B.S. because if FCEL is working on it now and patents it it is theirs, it does not result from the JDA."
if fcel makes a new toaster and patents it, they can keep it....whatever has anything to do with Exxon and what they want is covered by the JDA....fcel is NOT allowed to work with anyone else OR ON ITS OWN without the express permission of Exxon...and anything fcel develops and patents will all be owned by Exxon...
its in the filings...it is what it is...it doesnt matter if anyone likes it or not...
The milestones may be installls.
This is B.S. because if FCEL is working on it now and patents it it is theirs, it does not result from the JDA.
"Pursuant and subject to the terms of the JDA, EMRE will solely own the information, patents and patent applications, and copyrightable works resulting from the JDA"
WOW!..what a deal....wonder why Exxon hasnt signed them to a new contract?...why would they!...if they keep extending the contract, they dont have to pay fcel any more money and STILL get everything the research produces../quote]
All in all the post is very imaginative, but not very accurate.
"I don't believe they "refused to resign them"."
Exxon hasnt resigned them...thats a fact...there was money involved in the first signing...is fcel getting any money for the extentions?...the answer is NO...thats one reason why Exxon isnt resigning them....they have no intentions of giving them any more money...why would they?...they have everything they need already!...
the talk was that Exxon might resign fcel and pay $250 mil for the privilege...instead fcel gets extended and get no money at all...but thats ok?...lol
in the original agreement fcel was to recieve up to $10 mil for achieving milestones...has fcel ever recieved a dime?...
fcel pps was about 0.24 when they signed that agreement with Exxon...Exxon gave them $5 mil upfront...maybe that explains why Exxon got this:
"Pursuant and subject to the terms of the JDA, EMRE will solely own the information, patents and patent applications, and copyrightable works resulting from the JDA"
WOW!..what a deal....wonder why Exxon hasnt signed them to a new contract?...why would they!...if they keep extending the contract, they dont have to pay fcel any more money and STILL get everything the research produces...
and heres a little something from the contract extensions:
"During the Term of this Agreement, FCE will not conduct any Work using Generation l Technology in Carbon Capture Applications or any Work using Generation 2 Technology, independently or with third parties outside this Agreement, without prior written approval from ExxonMobil."
fcel cant work with anyone else and CANT EVEN WORK ON ANYTHING BY ITSELF!...at least not without prior written approval from Exxon...Exxon wants to know EXACTLY what fcel is doing at all times...because they own everything they come up with!...
Exxon is holding up Rotterdam like a great big carrot to keep fcel involved...of course they are not saying fcel will ever get Rotterdam...its just a carrot for them to chase...and while they chase it, Exxon keeps whatever fcel comes up with...
my question is, why the hell is fcel STILL in this deal???...
"There may never be a change in this"
Exxon gets 100% of everything and fcel gets pretty much nothing....so yea, there certainly may not be a change...ever...
but thats a horrific situation for fcel...
" they may simply announce projects as they are finalized and the terms for that specific project, FCEL may have a small role in one project and a larger one in another."
fcel wil get whatever Exxon decides they feel like giving them...thats not a good situation for them to be in...
"There has been no "declines to resign"."
there absolutely has been...
"The original agreement has been extended and amended."
and that is a most unfortunate situation for fcel....VERY UNFORTUNATE
FuelCell Energy, Inc. (NASDAQ: FCEL) is an integrated fuel cell company that designs, manufactures, installs, operates and services stationary fuel cell power plants.
As a leading global fuel cell company, we provide ultra-clean, efficient and reliable baseload distributed generation for electric utilities, commercial and industrial companies, universities, municipalities, government entities and other customers around the world.
Direct FuelCell® (DFC®) power plants manufactured by FuelCell Energy can utilize a variety of fuels including renewable biogas from wastewater treatment and food processing, as well as clean natural gas, directed biogas and propane.
Our DFC power plants produce power electrochemically — without burning fuels — making them clean, quiet and environmentally responsible alternatives to combustion-based generation.
Our power plants have generated more than 1.5 billion kilowatt hours of ultra-clean electricity, equivalent to powering more than 135,000 average-size U.S. homes for one year.
FuelCell Energy’s world headquarters are located in Danbury, Connecticut, in the USA. Our global markets are served from a state-of-the-art production facility in nearby Torrington, Connecticut.
Our customers in Europe are served by German-based FuelCell Energy Solutions, GmbH, a majority owned joint venture with sales and service located in Dresden, Germany and manufacturing in Ottobrunn, Germany, which is near Munich.
Customers in Asia are served by our partner POSCO Energy from manufacturing facilities located in Pohang, South Korea.
FuelCell Energy offers a comprehensive portfolio of services for fuel cell power plants. Specially trained technicians and engineers remotely operate and maintain virtually our entire installed base of Direct FuelCell power plants globally, 24 hours per day, 365 days per year from the state-of-the-art Global Technical Assistance Center located at our Danbury, Connecticut headquarters. Field service technicians directly employed by FuelCell Energy service the power plants on-site.
FuelCell Energy scientists are actively researching unique applications for our versatile DFC technology including hydrogen generation and carbon capture. In addition, we are pursuing research with solid oxide fuel cells as well ashydrogen compression and storage.
FuelCell Energy’s international reputation for leadership in ultra-clean energy solutions has been built on a long history of innovative research and development that reflects the successes of our highly talented and creative workforce. We are the first fuel cell manufacturer to commercialize megawatt-class stationary fuel cell power plants and we believe that we are the first stationary fuel cell manufacturer to generate a quarterly gross profit.
FuelCell Energy traces its roots back to 1969 and the founding of Energy Research Corporation (ERC) by early fuel cell pioneers Bernard Baker and Martin Klein, both chemical engineers with expertise in advanced battery technologies.
In the 1970′s, with funding from the U.S. military and utility companies, the Company conducted extensive research into low-temperature fuel cells as well as silver-zinc battery cells. In the 1980′s and 1990′s the Company switched its focus to high-temperature carbonate fuel cell systems which offered greater commercial applications due to the ability to internally reform readily available fuels such as natural gas and renewable biogas within the fuel cell itself to provide the hydrogen for the power generation process.
Our first commercial power plant was installed in 2003 using a 250 kilowatt (kW) fuel cell stack. Through technology enhancements and cost reductions, we have increased the power output of the stacks by 40 percent to 350 kW and reduced product costs by more than 60 percent. Today we are installing multi-megawatt fuel cell plants and fuel cell parks globally.
The production facility in Torrington, Connecticut, USA was completed in 2001 and produced [2] megawatts (MW) of product the first year. As of the end of fiscal year 2012, the plant was producing at an annual run-rate of 56 MW. The total annual capacity of the facility is 90 MW.
FuelCell Energy began expanding globally in 2007 through its partnership with POSCO Energy , targeting markets in Southeast Asia, particularly South Korea. A European manufacturing, sales and service presence was established in 2012, with German-based FuelCell Energy Solutions, GmbH.
1969 | Company founded as Energy Research Corporation (ERC) |
1992 | 120 kilowatt fuel cell stack demonstrated |
1992 | Initial Public Offering (IPO) |
1996 | 2 megawatt demonstration plant installed in Santa Clara, California |
1999 | Company focuses on carbonate fuel cells, is renamed FuelCell Energy, Inc. & spins off battery division, Evercel |
2003 | First commercial installation of a Direct FuelCell® power plant |
2003 | Annual production of approximately 3 megawatts |
2007 | POSCO Energy partnership begins – global expansion commences |
2007 | Annual production of approximately 11 megawatts |
2009 | Production of 350 kilowatt stack commences |
2011 | Power output milestone reached with one billion kWh of ultra clean electricity produced since 2003 |
2011 | 11 megawatt fuel cell park commences operations in South Korea |
2011 | Annual production of approximately 46 megawatts |
2012 | European presence established with FuelCell Energy Solutions, GmbH |
2012 | Asian manufacturing strategy implemented through license agreement with POSCO Energy |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |