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what's called"development" , I call experiment. They have completed nothing and much has been delayed.
Sales alone is not the metric to determine progress. Profits, financial statements and analysts research are the important components. To speak of sales alone is omission of the full story.
Statements made that it is , is Fallacious and grossly understated.
the stock isn't a penny stock because of company progress. It's there because it's losses mount, analysts research confirms there will be none , massive dilution, cash burn, huge expenses and widened quarter for quarter negative earnings..
NO SALE on SALES!
I don't believe they "refused to resign them".
I believe the agreement has been repeatedly extended because they are in developmental stage and final terms can't really be determined. Also projects to be worked on are in flux.
There may never be a change in this... 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.
There has been no "declines to resign". The original agreement has been extended and amended.
"The reality is your pessimism is not based on fact"
look at the miserable pps...that is a fact that cannot be denied...
"One is less than two weeks old."
the work they cover is all old crap....
"If the status quo is a go, no announcement is needed."
in other words, NO, nothing was seen in the 10q that pertains to the Exxon- fcel r/d fiasco...
is fcel still working on achieving "milestones"?...you would think there would be an update if they still are...
and no, an announcement is not needed...but an update is....you know, like all the other updates that were in the 10q...
"If the agreement with Exxon was terminated or even in jeopardy disclosure would be required."
it has not been terminated...but that doesnt mean they are actually doing anything either...
as far as being in jeopardy, the Exxon deal has been in a constant state of jeopardy since Exxon refused to re-sign them and put them on probabtion with "milestones" to complete...
most investors understand that when a major partner declines to resign you and instead allows an extension so that you can achieve specific "milestones", this mean your partnership with them is on thin ice...there is NO other way to view that situation...things can be made up to make it appear its all good but no intelligent investors is going to buy into that nonsense...
the last i heard about that situation was quite some time ago when Few announced they had achieved a milestone....but as i pointed out, Exxon never agreed that they had...Exxon never said a damn thing about Few's statement...i stated at the time that its nice that Few THINKS he achieved a milstone but i was waiting for Exxon to concur...they never have...
Logical error - Danger short sellerm Danger!''
"All old stuff", LOL!!!!
One is less than two weeks old.
You want your IP covered before tech is in the field.
This is just plain goofy...
“ Really must read all, added”
No thanks…not interested in hopes and dreams…more interested in reality…
Don't forget this project in the UK
https://www.sheffield.ac.uk/energy/news/advanced-molten-carbonate-fuel-cell-research-rig-unique-uk-arrives-translational-energy-research
Really must read all, added link above
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169922420
That’s is all old stuff…If fcel and Exxon are still working together on r/d it would have said so in the recent filing…there would have been an update…
Did anyone see one ?
$60+M legal victory over 5 year dispute, allowing access to the biggest cash revenue market available for fuel cells.
SNAM, TuNur, Canada, 1st ever Investors meeting & 1st ever sustainability report, Extension of 10+ yr relationship with ExxonMobil to commercialize Carbon Capture, best project award, taking to social media and institutions promoting move to commercialize, investing in growth with $100M +/- increase in Capex, new relationship with Navajo Nation, September is highest revenue quarter in over 5 years & next quarter is expected (even by analysts) to exceed Q3.
.don't forget to add the Navajo nation August 2022
https://investor.fce.com/press-releases/default.aspx
Now, if you're really doing diligence, simply read the news from the web site. Look what they've announced/or accomplished just since end of December, lass than 9 months. That combined with the bipartisan infrastructure just now beginning to kick in, and the new climate law passed in August, this will truly be monumental over the next couple years. Can't possibly make more trading than just buying at this level. Everyone will know it by January!
https://investor.fce.com/press-releases/default.aspx
There is no reason to believe that development is not ongoing...
New patents grated so far this year:
Fcel has a core competency with fuel cells…they can make money doing that…
But what good is cutting edge tech that doesn’t work?…and even if it DID work, Exxon is going to run with it….they might leave a few crumbs for fcel, but that’s about it…
Fcel has dug themselves a hole…they have billed themselves as having cutting edge tech, hired like crazy to pursue that and diluted the living crap out of the stock to pay for it all…but they can’t make it work…
Now they find themselves in a hole they can’t get out of and Few thinks they should just keep digging…
Exxon hasn’t let fcel go bankrupt until they determine that fcel has no more tech they can siphon off…when that time comes, they will praise fcel, wish them much luck and give them a one finger wave…
It is truly "half baked" to believe that cutting edge technology can be developed by a company that was on the verge of bankruptcy without time and money. I believe it would be premature to give up on this company at this stage of the game.
Institutional interest started to rise in Dec.2021 as shown in We the Markets chart. It continued to rise to the highest level as of the latest report.
As it did, the chart below shows the share px dropped from the Dec 2021 as institutional interest rose. It continued to drop even as Inst interest rose.
Apparently they used some kind of research other than that provided by professional analysts. If they had they wouldn't be in the huge loss position they're in now.
I suppose some others used some form of research the institutions used. The results were the same for them.
This demonstrates that using institutional interest as a metric for investment decisions is as bad as using sales soley as a basis for investments Both proves fallacious.
Results matter. Both groups show the fallacy of investment decisions based on either.
" Turnarounds" occur with improvements over time. What Few has shown are worsened results; the worst being the latest report. What Turnaround are the Bulls talking about?
https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=fcel&insttype=&freq=&show=
Looks like the institutions are still expecting Few to execute a turn around for FuelCell.
Maybe someone should tell them about the "professional" advice on IHUB. Their analysts must be amateurs.
SMH...LOL!!!
Hopester, as the saying goes "a picture is worth a thousand words," FuelCell Energy institutional ownership just reached its all-time high in September (see bar chart below).
Source https://fintel.io/so/us/fcel
FuelCell Energy Institutional Ownership
https://fintel.io/so/us/fcel
Comparing Plugs and Blooms losses to FCEL's losses is a misunderstanding of the 2.
The difference lies in the prospects of them. While Plug and Bloom have shown demonstrated growth in acceptance, FCEL has shown none.
Witness the $4,000,000,000 ( billion ) contract Bloom rec'd in So. Korea. FCEL has failed to receive a nickel in firmed orders in So. Korea. Plug has rec'd huge orders from Amazon and Walmart among others. FCEL is struggling to announce a new contract while still trying to firm up some old ones.
The analysis by professionals who show balance and thorougness recognize Plug and Bloom as BUYS while there are no BUYS ( save the flip-flopping Zachs BUY which I'm fairly cetain will go back to a Hold or Sell following the report.
So the comparison of the 2 is grossly misconceived.
Remember the stock of FCEL is $4.00. there's a good reason for that.
Watch for downgrades following that report.
Sales per se give a half baked picture of the results of FCEL's work. Earnings, financials, massive dilution, incompletions and delays, lack of new contracts, EXPENSES, .....when shown alongside Sales increases DO!!
Omitting any and all of these is a disservice to the full report filed by FCEL.
THERE IS NO PROGRESS WHEN ALL OF THESE ADD UP TO GROWING LOSSES. Exxon is a case in point. So. Korea expected to deliver multi-millions in the 6 months after the settlement DID NOT. Groton incurred delays due to engineering flaws causing a fire, Toyota still after years, has not commissioned the work.
All of this isn't Progress!
Alongside that, 95,000,000 share offering was filed which is diluting shareholder. As I logically deduced, they issued 18,500,000 shares ib the quarter so needed due to the huge cash burn.
The last quarter was the worst of the past 3 . Few has not turned this company around .
Professional analysts have NOT changed their ratings.
Zacks is a flip flop research firm. I know them well. They change their rating every month.
The professionals I rely on STILL have no BUYS on this stock. They have been correct from $29 down to $2.59 low.
It all adds up to Sales per se not being the sole metric to base a complete report.
I disagree with that notion and any support its given.
I agree with the poster you are responding to ...
Your post was distorted and did not consider the context, the business is in a rebuilding stage.
Well I appreciate the amount of time and effort you put into trying to convince people of your opinion I don't utilize my time reading your post. After reading only a few of your posts and finding inconsistencies inaccuracies and factually inaccurate statements I've determined it's not worth my time and your agenda for spending so much time on this board is clearly not because you have an interest in the company their technology or their success. Whatever your ulterior agenda is is of no interest to me and the only reason I comment on anything you say is because I want people to understand the facts
" After reading the 1st sentence it's all I need to know".
That statement tell it all. It spills over to the half empty information which if the complete were told would shed a different light on the rosy scenario often displayed.
1)Talking up Sales w/o mentioning the 3 consecutive quarters of losses; the largest being the most recent. The Expenses without results. The Cash Burn.
2) The failure to offset those losses with new contracts.
3) The continuous dilution of shareholder value .
4) The forward looking statements that never materialized; like new orders from So. Korea. Few never spoke of any orders from So. Korea following the settlement.
5) The engineering problems that hampered the completion and acceptance by the Navy of the work in Groton.
6) The continuous extensions with Exxon bearing no fruit for 6-8 years.
A mention of the Technicals.....omitted!
Financials...................omitted
In all, " what's needed to know" is missing.
If that kind of information accompanied the other, " we'd know " why the stock is $4,00 dropping from $29.30.
The market knows; many Holders know; I know.
Just for a quick valuation reference Fuel Cell Energy lost $23 million and is currently a buy rating from Zacks. For those who are interested in analysts. Plug is exp is expected to report loss of $.22 on or about November 8th, which equates to about $127 million loss. That's actually slightly more than Bloom at $118 million in over five times the loss of fuel cell. And as almost always I post a verifying link for reference.
https://finance.yahoo.com/news/fuelcell-fcel-q3-loss-wider-172505751.html
10Q, haven't finished reading yet but there's a couple of important things I did already read. Runway is still lower than I expected at 36.5 megawatts but is expected to increase to between 40 and 45 by end of fiscal year. The lower run rate results in unabsorbed overhead cost. That will change once they increase the run rate.
https://www.marketscreener.com/quote/stock/FUELCELL-ENERGY-INC-58195415/news/FUELCELL-ENERGY-INC-MANAGEMENT-S-DISCUSSION-AND-ANALYSIS-OF-FINANCIAL-CONDITION-AND-RESULTS-OF-OPER-41723518/
Just seeing you reply and reading your first sentence tells me all I need to know and confirms my opinion
You left out "crucial" pieces of the story...
Few came to the company when they almost bankrupt, they are spending a lot of money on R&D, and many projects are forward looking and just beginning to get funded.
Toyota - is WAITING on phase 2 because they are happy with phase 1.
Groton is a prototype designed to government specs.
Korea, I don't remember anyone talking about a timeline for these orders, maybe a hopeful statement or two but " Bulls expected them to be flooding in." is B.S.
Let's discuss what we want to discuss - direction is not necessary.
I repeat, CA has been in will continue to be huge for us
https://www.catf.us/2022/09/california-passes-carbon-capture-storage-legislation-marking-pivotal-move-toward-achieving-ambitious-climate-goals/
Gee, ya think we are a good candidate?
https://www.nature.com/collections/ffijddccic/how-to-submit?gclid=Cj0KCQjwyOuYBhCGARIsAIdGQROYWRHcQyjumTs3Ab0z6AZIo4CJDvIOdFRIpQ_R_w5VN4sgsd73QXEaAgeDEALw_wcB
Houston
https://corporate.exxonmobil.com/News/Newsroom/News-releases/2022/0120_Industry-support-for-large-scale-carbon-capture-and-storage-gains-momentum-in-Houston
https://www.google.com/url?sa=t&source=web&rct=j&url=https://corporate.exxonmobil.com/Climate-solutions/CCS-in-action&ved=2ahUKEwj8ztCoo4n6AhWREFkFHXMEBIg4ChC3AnoECCcQAQ&usg=AOvVaw32gjz9pdPSKcXRUWp4FN6n
Resistance of CCS because of prolonging use of Fossil fuels is 100% ignorance & Denial. We can't continue life without producing CO2 at this point and many years to come. Lack of accepting that contradicts those opposing its own beliefs and motives. This has been proven scientifically beyond any reasonable doubt and governments have committed to addressing it. This article was written in June and is outdated because the carbon tax has obviously been increased since then it is no longer $50.
https://www.google.com/url?sa=t&source=web&rct=j&url=https://e360.yale.edu/features/solution-or-band-aid-carbon-capture-projects-are-moving-ahead&ved=2ahUKEwju1vTkoor6AhXVF1kFHeX_BAM4HhAWegQIERAB&usg=AOvVaw2M0IgwohKcoRQx615wBdCT.
Quote " I trust people that have a proven tract record like Jason Few."
That's odd! Since his appointment the company reported 3 consecutive quarters of losses. That largest being the most recent. His "proven track record" doesn't hold up to scrutiny.
Again, Sales is not the metric to be solely guided by. Sales dont produce profits as FCEL continues to demonstrate. Continuously relying on it as the sole metric to own the stock leaves out crucial pieces of the story.
Good management does! and good mgmt is reflected in the results.
Quote " Their technology is proven and protected and surpasses anything on the market".
Exxon- proving nothing after 6 years or more
Groton- Delays without assurances of acceptance following engineering flaws.
Posch So Korea- Not one single order when the Bulls expected them to be flooding in.
Toyota- WAITING
I'd rather discuss the quarterly reports in toto . That would give the true and entire picture.
Yes the stock closed over $4.00 follwing an Oversold area THAT I POINTED OUT.. Over $4.00 is no cause to celebrate. Lets discuss the drop from $29 to $2.60. That has meaning and signifance ; not a DEAD CAT BOUNCE with no company specific news to sustain it.
Lets discuss the consecutive losses the company reported, the dilution, the expenses, the lack of new contracts, the delays in others, and the failure of FEW to
communicate with shareholders.
i dont know if this answered any of my questions....my issues werent with the April 2022 numbers vs the Oct 2021 numbers...
i was asking what happened to the $27.9 mil in dilution?...where did it go?...if it was put in the bank, then it seems like there was a much larger loss than the reported $28 mil last quarter...
unless there is a reasonable explanation...
You have a good year I know I will
As is most logical people's perception
Adjusted EBITDA totaled $(21.2) million in the second quarter of fiscal 2022, compared to Adjusted EBITDA of $(11.3) million in the second quarter of fiscal 2021. Please see the discussion of non-GAAP financial measures, including Adjusted EBITDA, in the appendix at the end of this release.
The net loss per share attributable to common stockholders in the second quarter of fiscal 2022 was $(0.08), compared to $(0.06) in the second quarter of fiscal 2021. The higher net loss per common share is primarily due to the higher net loss attributable to common stockholders, partially offset by the higher number of weighted average shares outstanding due to share issuances since April 30, 2021.
Cash, Restricted Cash and Financing Update
Cash and cash equivalents and restricted cash and cash equivalents totaled $489.6 million as of April 30, 2022 compared to $460.2 million as of October 31, 2021.
Unrestricted cash and cash equivalents totaled $467.8 million compared to $432.2 million as of October 31, 2021.
Restricted cash and cash equivalents were $21.8 million, of which $5.3 million was classified as current and $16.5 million was classified as non-current, compared to $28.0 million of restricted cash and cash equivalents as of October 31, 2021, of which $11.3 million was classified as current and $16.7 million was classified as non-current.
During the second quarter of fiscal 2022, the Company sold approximately 19.9 million shares of common stock under its at-the-market offering program, resulting in total gross proceeds of $120.8 million and net proceeds to the Company of approximately $118.3 million.
"I know we need a minimum of 5 million to put towards PORTHOS!"
so with $456 mil in the bank, they diluted enough shares to generate $66.1 mil in cash so they could cover $5 mil?....lol
SMH
speaking of numbers, i said when fcel set up that 95 mil shares for dilution, that when they do that they dont mess around...they usually immediately start selling...
well, the 95 mil agreement was announced July 12...and from there to July 31 they sold $27.9 mil worth of shares....lol
thereafter they sold $38.2 mil worth of shares...thats $66.1 mil in dilution from July 12 to Sept...
in the 10q from April 30, fcel had $467.7 mil in the bank...
in the latest 10q as of July 31, they have $456.4 mil in the bank...
thats $11.3 mil less...but then they sold $29.9 mil worth of shares from July 12 to July 31....where did that money go?...im no accountant, but i cant see where that money is accounted for...
if that money went into the bank, then fcel has $41.2 less than it did in April...but they say they only had $28 mil in losses...
there could be a reasonable explanation for all this...but so far, i cant find it...
Recap
16.1M shares traded hands today. That makes six days of the last 30 where the stock exceeded average volume and ended up in the green vs 5 days in the red when we exceeded average volume. One of those days was an overreaction to a couple of concerns about earnings in which the volume barely exceeded today. Plus 8% on the week. We issued 18 million shares part in Q3 and part in Q4 The part in Q4 was larger which means a larger percentage of the cash from those sales will be used for unrestricted cash at the end of Q4. Guidance was reaffirmed and a plus was added. Significant growth in revenue for Q4 is projected by analysts and informed investors. S Korea orders received and expected to be delivered in Q4. Interest and investment in fuel cells particularly, continues to grow globally. Toyota not only projected on schedule but possibly completed in 2022. I reiterate my opinion about cash burn average of $20M or less per Qin the coming 3 months.
"Those without vision to see the next 3 to 6 months and understand the opportunity will miss out."
this is a stock to trade...there is ZERO reason to buy and hold...
"Good News by far outweighed any concerns"
lol...no...not really...the stock was oversold and it bounced...the pps goes up and it goes down...but the overall trend is still down...its that simple...
" Groton COD will be a key factor as always"
groton is a joke...fcel has likely spent more money trying to fix that facility than they will make in 10 years of operation...assuming it ever operates...
"We've got 3 weeks for deadline."
Few has decided to try and limp groton into commercial operation...the Navy and the power company have to give approval for that to happen...after all these years of delays and failures and cases of duct tape trying to repair everything that goes wrong, i dont see how in the hell the Navy can be ok with fcel or that facility...
fcel STILL needs another year and who knows how many more cases of duct tape to fix those meo units...its just one fiasco after another...after 5 years of that bs, i dont see how the Navy wouldnt just shut the whole damn fcel facility down and put up a big fence around it and kick all the fcel workers off the base...
Zacks, I would assume it's a pretty well known reputable analyst. According to Yahoo, Zach's numbers make no sense at all. Somebody correct me if I'm wrong because I'm not looking at their quarterly reports, I'm going to guess Revenue was 33 million 17 million and 43 million rounding up on all of them. Rounding up to give Zach the benefit of the don't not to make the company look better. Look what they have for Q4 estimates of 42 and change then look what they have for the yearly Revenue estimates. Correct me if I'm wrong but 42 in change wouldn't put them anywhere near 130. I'm pretty good at math. So unless my recollection of their quarterly earnings is inaccurate Yahoo is claiming Zach has an impossible setup for Fuel Cell Energy for Q4 versus yearly. They basically need 50 million in order to hit 132. I don't question they can, I'm just saying if they hit 42 million for the quarter that will not put them at 130. So with that setup we need to hit 50 million or they're going to say we missed estimates isn't that a crock of s***
https://finance.yahoo.com/news/fuelcell-energy-fcel-reports-q3-124512447.html
I have in fact pointed out statements where I was correct and I've pointed out other statements where I was incorrect and unfortunately in this case I was incorrect In referencing volume yesterday. Apparently I must not have looked at the volume at the close it must have been early in the afternoon. We were only at 10.9 million shares at the time which I thought was pretty insignificant and still do in lieu of the fact there was a traitor attack based on the questionable information during the earnings and conference call. Just over 13 million shares at 10 minutes after 3:00 is pretty good, especially since affecting trading. No yesterday the stock was down what 5% at the close. And there's a moderate chance we surpassed yesterday's volume today and end up far greater than 5% higher. Please forgive my oversight regarding the volume yesterday but today seems to be very positive. I hope all investors doing diligence have a great weekend.
Thanks WTM. So anyway the recent support level I was hoping for was $3.98 which obviously we dipped below even before earnings. However, if we close at $4.18 that would be a 5% increase over that $3.98 support level. And obviously a more substantial increase from the ridiculous level we dip to the day of earnings. Before the earnings dip I was hoping and optimistic we would get the $5 this coming week. And with no bad news or no significant pullback in the market or with the fuel cell stocks I believe there's a good chance we still will. Regardless, as long as we hold over $4 through next week we will definitely break five by the following week. Good News by far outweighed any concerns. Those without vision to see the next 3 to 6 months and understand the opportunity will miss out. Groton COD will be a key factor as always, and is largely related to the resistance to break up to $7 and beyond. We've got 3 weeks for deadline. Guidance will be revised upwards in January if Groton is COD & we finalize any 1 decent contract (20MW+). Did you watch the TM FCEL video. We own it, shooting for COD in 22.
That was kind of confusing to me too has all that money in the bank should be sufficient to carry them into next year.
Maybe you have a new project coming in that will be Capital intensive. We got no notice of that on the conference call
As expected the Oversold Bounce has occurred.
Sales did not overcome the widened losses. The sales were expected to increase. But the real news is:
1) The financials worsened as the losses widened beyond expectationsGroton
2) The So. Korean awards never materialized. Recall 6 months ago, Bulls were saying awards will be flooding in.
3) Groton/Navy being old news may or may not be accepted by the Navy. FCEL disclaims any assurance.
4) Exxon remains "work in progress" with extension after extension and Exxon looking toward 2030 ( 8 years) before the clean carbon energy will be proven. FCEL is not the only company working with Exxon.
5) As common sense dictated the company issued 18,500,000 dilutive shares into the market. The skeptics
said proof was required. No it wasn't; as logical reasoning and common sense requires no proof. The proof came after in the report. THERE IT IS.
They'll be more dilution this quarter as they are in dire need of cash to cover their lack of new contracts and ballooning expenses.
Now that the DEAD CAT BOUNCE is here, , look for the stock to resume its downtrend once it approaches its 1st resistance point in the $4.50-$5.00 and becomes Overbought again.
Losses are expected to continue for the next 3 years. Few gave no assurance of when the company will be profitable.
Expect:
Bulls will talk about sales and avoid any discussion on losses,and financials. It'll be spin . As the saying goes,
" putting lipstick on a pig". Investors and analysts know the difference. It shows up on the charts.
Likely downward revisions to Sell from Hold by a few trusted professional analysts
Since FEW's appointment , 3 consecutive quarters of widening losses have come to pass. He's given shareholders nothing but diluted value but was granted a $4.000,000 salary increase in December. His record thus far has been abyssmal .
Your perception is clearly different than mine and I can accept that. Some people believe in shady maneuvers like slipping things into the next quarter I believe in doing business on a daily basis the best of our ability. I tend to want to give people the benefit of the dough and trust people that have a proven track record like Jason few. Next quarter's Revenue should exceed this Q. And at that point Toyota should be in operation or darn close to it. Their technology is proven and protected and surpasses anything on the market. For each category they operate. I don't boast I State the facts again perception. Referencing I suggested the stock would likely be back over $4 today is not boasting it's stating facts. Just like stating the facts there were bears claiming they were buying in under $3.50.
not sure I would be boasting about the "Record" revenue. it was that high as they didn't book the OSCO shipments in the prior quarter . They have made most of the remainder for pOSCO but not shipped/booked them as well.
Slipping deliveries into a later quarter so that later quarter can be seen as a record isn't a good practice to get into. Q2 was terrible as a result...
Looks to me as though that highest quarterly Revenue in 5 years is getting the recognition it deserves. Did anybody mention they thought it would go back over $4 today. And do I recall seeing people saying they were going to buy under $3.50? Just wondering
Looks like close over $4 today
FCEL
Good call Hoghead.
Good morning long investors, looking to have a stronger volume day today. Obviously yesterday was a significant increase from 1 of the 4 lowest volume trading days of the year but still blow average. And nowhere near 15 million shares. With 5 million shares traded 1 hour into the day to finish the day under 11 million sent to bold sign. Bears will focus on that's due to there not being any buyers. Obviously true or the price would have gone up. But if people were concerned about the company or the share price, the volume would have been higher because the traders would have been stealing shares in the $3.60 range. Note several people on a couple of message boards claiming they're going to buy at $3 for $3.25 or $3.40 etc. Without the market tanking or the other fuel cell stocks also dropping significantly that just won't happen. Today like looks like we could actually exceed yesterday's volume and have a nice upwards move. Now that the traders had their opportunity to try to pick up some cheaper shares and see support well above the $3.42 bounce we had the last time they tried to pull it down. Yesterday they failed to even get it down to the share price the company sold stock at recently $3.63. as I said yesterday we may actually close back above $4 today.
"So many were confident that FCEL was selling all 95 million."
no one said a thing about them selling all of it all at once...smh..
but they surely will...just not all at once....give them time...
i was asked why fcel would sell ANY SHARES AT ALL when they had $460 mil in the bank!...
yet, they sure as hell did...
many insisted fcel wasnt going to sell any shares...they were just going to use those 95 mil shares as some kind of show n tell or window dressing to show they had access to them...
after all, Few said he was just going to use them to buy a company or for growth yada yada...he was NOT going to sell any for any other reason...just wait till the financials came out and we would all know....OOPS!
today was supposed to be a blowout day...good news was going to propel the stock...even though most intelligent investors knew that was not at all likely to happen...it didnt stop some from predicting outrageous and utterly ridiculous price per shares...
oh boy!...just wait till groton comes fully on line!...another freaking joke...
~can anyone offer an objective opinion about guidance ?
Huston - we have a problem...
https://www.zerohedge.com/markets/californias-power-grid-turmoil-spurs-diesel-demand-generators
FCEL is nothing but a continual disappointment and failure.
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 |
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