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Powell better be a good boy. Markets are tumbling. NO legitimate reason for FCE to be down, or be below $1 for that matter. Strictly manipulation, mostly related to the economy and interest rates. Any bad news about any of the fuel cell companies certainly contributed to that, including our weak revenue in Q1. But that's the only true concern about fuelcell this year. Tons of other positive things have offset that completely. Recent developments questioning the affordability of hydrogen will certainly impact fuel cells, But on the opposite end of that the increased push for carbon capture should help us.
Yes the volume is heavy…the pps is down…it hasn’t traded above yesterdays close…I have no idea what “support levels” you are referring to…and I suspect you have no idea either…it’s just your usual attempt at putting lipstick on a pig…
TICK TOCK
Certainly appears like a lot of volume is coming in at support levels. Over 4M traded by 10:00 a.m. last look at the overall market it was getting beat down pretty bad today. Just took another peek and we're over 5 million shares by 6 minutes after 10:00. Volume definitely heavy today after a nice heavy day yesterday.
Exxon Looking For Growth Opportunities in Direct Air Capture and Carbon Materials
I suspect that Exxon is still pushing for more lucrative CCS/H2 tax credits. Once those are obtained, I believe they will start telling how profitable CO2 will be. For now, they are downplaying it, imo. I expect Exxon to spin off and IPO their Low Carbon Solutions division eventually.
https://carbonherald.com/exxon-growth-direct-air-capture-carbon-materials/
We could see something materialize by year end as "next year" generally is not calendar year but fiscal year...
https://www.linkedin.com/pulse/taste-difference-fuelcell-energy-offering-samples-co2-wqh7e
Hi Johnny. No, not based on Maximilian of Hapsburg. My relative in Italy is named Maxim...my name means "Greatest".
2o years of recurring losses!!!!!!!!!!!! SMDH
" If volume maintains over 30 million shares a day average through May will be over $2 for sure."
why?...how about and explanation of why?...the volume has been more than double the average volume for the last 2 weeks and the stock has only gone down...but for some unknown reason, if the volume remains high, the pps will magically double?...lol
Why a debt financing ? Have you seen the interest rate !! They are so-calling plenty of cash ....and that only for some millions
Small adjusment today suggest a follow through beyond $1.00 is ridiculous. Recall the support at $1.00 was busted. That now is resistance.
Since no fundamentals can drive the stock much higher, watch for the selling to come in not to far from here.
To say $2.00 in May, is pure promotional non-sense. Nothing technical ( much less fundamental) can justify that.
WHILE THE MOTLEY FOOL WRITES THERE'S SOME HOPE FOR PLUG, HE WOULDN'T BUY PLUG,FCEL OR BLOOM. FCEL AND BLOOM LOSSES 10 CONSECUTIVE YEARS EACH.
https://www.fool.com/investing/2024/04/23/why-plug-power-bloom-and-fuelcell-energy-stock-pop/
10 years of consecutive losses. mORE TO COME.
Bleak expectations in this Motley Fool article about Plug
https://www.google.com/url?rct=j&sa=t&url=https://www.fool.com/investing/2024/04/27/where-will-plug-power-stock-be-in-3-years/&ct=ga&cd=CAEYAioUMTc2NTIwMjU0NzU3MjIzNTUxNDMyGjNmNmMxMjhmMjMzNGE4Mjg6Y29tOmVuOlVT&usg=AOvVaw31UBR07O4Qh_1aS4njKvYA
Very interesting,! Exxonmobil collaboration to explore CCS in Malaysia!!
https://www.linkedin.com/posts/prasannavjoshi_ccs-energytransition-lowcarbon-ugcPost-7189660739417067520-QGV_?utm_source=share&utm_medium=member_android
Very very interesting
https://www.linkedin.com/posts/clare-magee-55549a39_levelten-energy-launches-a-clean-energy-tax-activity-7190464396249239552-c_Po?utm_source=share&utm_medium=member_android
From last week but obviously reiterating benefit for FCE
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.h2-view.com/story/us-epa-drops-hydrogen-from-power-sector-decarbonisation-plans/2109207.article/&ved=2ahUKEwitxKyZoOeFAxViVjUKHb8EDcIQFnoECBkQAQ&usg=AOvVaw2AgImWC-xDvpcDuEOiPUHk
Over 12.5 million shares traded before 11:00 a.m.. If volume maintains over 30 million shares a day average through May will be over $2 for sure. And I pulled into a job before I was able to finish this to see we are now up 8.5% on 20 million shares at noon. Definitely going to be over the 10-day average volume which is already substantially higher than the norm. TICK TOCK!!
20 yrs of recurring income
Debt added doesn't help the bottom line at all. Especially when they have enough of it.
What's the return after costs and repayment ?
FuelCell Energy Announces Debt Financing for Derby Power Projects
Apr 29, 2024
https://investor.fce.com/press-releases/press-release-details/2024/FuelCell-Energy-Announces-Debt-Financing-for-Derby-Power-Projects/default.aspx
Hey Johnny, nice post, here's Sierra Nevada brewery link but our newfound partnership with Chart Industries could be a great connection for just such a thing.
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.reliableplant.com/Read/3019/sierra-nevada-energy-costs&ved=2ahUKEwi47sSvoeeFAxUVFVkFHdFhC3MQFnoECBIQAQ&usg=AOvVaw1Px3C_dgFUEG-vdmfV3mgt
Brewery with Chart Industries? Partners of FCE
https://www.probrewer.com/sustainability/learning-more-about-co2-recapturing-technology-with-lindsey-cole-at-fuelcell-energy/
Post below from Johnny Hydrogen
FCEL opporunities in Taiwan
There will be a new president who takes office next month. He claims that he will support H2 and carbon capture - rather than renewables and nuclear.
https://www.taipeitimes.com/News/front/archives/2024/04/23/2003816816
Also, here is a story about Heineken brewery setting up manufacturing in Taiwan. They claim they will go net-zero. And Heineken has 160 plants worldwide. I can't remember the details but I know tha FCEL has business at an existing brewery somewhere. I can't recall the specifics but apparently the nature of the brewing and the byproducts lends itself to FCEL's fuel cells.
Will FCEL get in on this? Probably not ........
https://www.taipeitimes.com/News/biz/archives/2024/04/29/2003817085
FCE and brewery, long article.
https://www.powermag.com/1-mw-fuel-cell-cogeneration-project-sierra-nevada-brewing-co-chico-california/
"FuelCell Energy (FCE) knows. Last December, its modular 250-kW Direct FuelCell (DFC) power plant was certified by the California Air Resources Board (CARB) as meeting its stringent distributed generation emissions standards for 2007. The certification qualifies the DFC 300A plant for state-sponsored economic incentives and enables users of it to avoid all that permitting red tape. The California Self Generation Program provides $400 million per year of incentive funding for technologies that burn natural gas or renewable fuels, such as anaerobic gas from wastewater treatment facilities.
"While our brewery requires reliable power 24/7, Sierra Nevada also is committed to energy efficiency and reducing our environmental impact on the Chico community. We decided to buy and install a 1-MW Direct FuelCell power plant for two main reasons: its far lower emissions than those of a conventional power plant and its ability to produce the high-value heat by-product our brewing process requires." Grossman went on to say, "[A fuel-cell plant] was the most cost-effective and environmentally favorable on-site power generation solution for us."
Porthos project has worldwide importance
Demonstration project is huge. It will determine the future of worldwide energy. That is not an understatement.
https://www.forbes.com/sites/davidblackmon/2024/04/28/bidens-power-plant-crackdown-raises-more-questions-than-answers/?sh=41cd5ee15a55
The key term issue is whether CCS can be "adequately demonstrated". See article below.
Another issue is whether it is financially realistic. Hint .... do not expect Exxon to say that $85/ton CO2 is sufficient .... look for them to push for an increase in CCS tax credit $ in any pending legislaiton.
....from article .....
Is CCS the Right Answer?
The new regulations are written under the Clean Air Act, which requires EPA to utilize the “best system of emission reduction” that has been “adequately demonstrated.” The EPA previously failed to meet this test when it published its Clean Power Plan during President Barack Obama’s second term, and the rule was eventually struck down. With this updated effort, EPA could be running the same risk again, with a requirement that plants meeting certain emissions thresholds abate them using carbon capture and storage (CCS) technology. The catch there is the requirement that the required technology be “adequately demonstrated.”
FCEL opporunities in Taiwan
There will be a new president who takes office next month. He claims that he will support H2 and carbon capture - rather than renewables and nuclear.
https://www.taipeitimes.com/News/front/archives/2024/04/23/2003816816
Also, here is a story about Heineken brewery setting up manufacturing in Taiwan. They claim they will go net-zero. And Heineken has 160 plants worldwide. I can't remember the details but I know tha FCEL has business at an existing brewery somewhere. I can't recall the specifics but apparently the nature of the brewing and the byproducts lends itself to FCEL's fuel cells.
Will FCEL get in on this? Probably not ........
https://www.taipeitimes.com/News/biz/archives/2024/04/29/2003817085
Likewise Max, my grandfather/grandmother were from Slovenia - at the time 'Austro-Hungary'. They were in Rock Springs Wyoming and he was in the coal mines for a few years, then left for Chicago area. That was a very tough life in general.
off topic ..... btw, I read recenlty about 'Maximilian' of the Hapsburg family - very interesting story, personally and historically, I wonder if your name is based on him?
He saved his money earned in the coal mine and bought a farm in Illinois, grew vegetables, raised chickens for eggs, goats for cheese, and a cow for milk. They were still poor...raising my mom and her three brothers. Unfortunately, while he didn't die of black lung, he died in his mid 60's due to lung problems. My mom is Hungarian and my father is Italian.
Did your grandfather get out in time or did he end up with black lung?
Max, Our family was lucky. The Vagger clan came from Germany by way of the south and eventually built small roads and grain grinding mills in and around Georgia and Alabama.
The coal mines were and still are dangerous. But in those days you could either do the dangerous work or starve.
Yes, the health risks are well known, all too well in my family. My grandfather came in through Ellis Island from Europe and worked in the Illinois coal mines.
He and Hogwash don't read anything but links talking about the "potential" of hydrogen. they block out what doen't serve their purpose. That's why they share the same deep hole.
Quote " Where's the $.50 share you promised last week"?
If it gets to $.50 it'll still be overvalued. The "potential" you blabber has no value. Show me where it is in the quarterly report numbers.
You do realize it has a negative worth according to Peter Lynch.
This King is not very smart. Actually just plain dumb.
https://www.autoweek.com/news/a46791348/shell-closes-hydrogen-stations-california/
oh great...a blog from 8 months ago.....smh
so you are agreeing with the premise that subsidies are a bad thing...yet that it is exactly that kind of gov welfare money that fcel needs to survive...
so which is it...subsides are good or bad...and if they are bad, then why do you want fcel to receive them?....
“ What's your point?”
EVERYONE consumes oil/gas…EVERYONE consumes milk…
Almost NO ONE uses hydrogen…no one wants a hydrogen car that can’t be fueled up anywhere in the country…
Maybe there will be a big demand for really expensive hydrogen in the future…but there isn’t one now and won’t be for years…
See the difference now?…Thats one of the reasons why the pps is dropping…
Fcel has to convince investors that it can make a ton of money doing what they do..,they have executed poorly and are diluting their shareholders…
Wonder why this is 86 cents?…THATS why…and THATS my point…
Great post by the way!
I would not want to live near a coal fired plant. The health risks are well known. The dollar amounts associated with the health risks are phenomenal.
The legal challenges for fossil fuel companies with regard to the regulation is a major risk to Exxon and other oil giants. On the one hand they would like the regulation to go away. On the other hand if they are not ready for CCS they will get caught unprepared and doing a lot of regulation dodging. While big oil plays chicken with regulations they don't want the stock prices of CCS companies to get too far ahead in case they are forced to buy the few of them. FCEL is positioned well to benefit from this dynamic and anyone paying attention knows it.
Hell the oil companies get federal subsidies https://www.brookings.edu/articles/reforming-global-fossil-fuel-subsidies-how-the-united-states-can-restart-international-cooperation/#:~:text=The%20Environmental%20and%20Energy%20Study%20Institute%20reported%20that,to%20reduce%20federal%20revenue%20by%20around%20%2411.5%20billion.
as do dairy farmers. What's your point? Where is the 0.50 cent/share you promised last week? I am still waiting.
"Hog, Its being held back until it will be most profitable in the next run up."
its being held up and manipulated?....its a mismanaged money losing company that cant get its act together...it needs gov welfare money or it wont survive...it is diluting the absolute crap out of long time shareholders in order to survive...for years they were hiring hundreds of workers because they would be needed in the future...the future is here...what are they doing?...as far as i can see, not a damn thing...the pps is 86 cents and the trend is downward...how many large companies really want to do business with a company that looks like its going out of business?...
but you and hedgehog think the company is a gem and will rocket up 1000% soon because......because what?...hydrogen is so bitchin?...because the stock is being held down?....lol
i think its time to start being just a little more realistic...things could eventually turn around...but a lot of things have to happen first...things that simply are not happening now...
in case no one has noticed, endlessly posting all articles with the word "hydrogen" in them hasnt done a thing for the stock...and all the silly podcast nonsense hasnt either...
instead of posting pie in the sky nonsense, how about getting serious?...
Decarbonizing the power sector
(para phrasing)
The new EPA rules updates a provision of the Clean Air Act to require existing coal-fired power plants and new natural gas plants to control 90% of their carbon pollution through technologies like carbon capture.
(Lets see...FCE MCFC carbon capture happens to come in at 90% CO2 capture!)
Reducing power plant waste water pollution
Another rule would reduce waste water pollutants from coal-fired power plants by over 660 million pounds per year, according to the EPA, with the goal of protecting freshwater and drinking water resources for communities around the country.
(FCE MCFC by product is clean, drinkable water...no waste water!)
https://www.msn.com/en-us/news/politics/epa-limits-4-types-of-power-plant-pollution-with-sweeping-rulemaking/ar-AA1nEhga?ocid=hpmsn&cvid=0d353fce8c284aa297ee8eab19cd6ab3&ei=14
"Our platforms can capture carbon emissions from the exhaust streams of coal or gas-fired power plants while simultaneously producing clean power. Power generation improves the net cost of capture economics, making the fuel cell a practical solution on the path to net-zero."
https://www.fuelcellenergy.com/platform/carbon-capture#:~:text=Our%20platforms%20can%20capture%20carbon,the%20path%20to%20net%2Dzero.
The proof is in the price and the direction. Put you're "saying anything " up against the analyst research, the markets acceptance of your views, the technicals, the fundamentals and the companies bottom line.
What do you get? $.86.
Explain that!
One can say anything when one has no proof. Bzzzz...
Get ready. They'll "manipulate " this down to $.50.
Wow! Geez with all those fundamentals why is there no strong buying support to offset it. HUH
And that means Sales. Where are they. Surely a 55% drop in sales last quarter doesn't bode well for the cause.
Remember, the same expectations of huge increases in Sales was bandied about before the last quarterly report. In this quarter, have you heard any sales announcements from the company ? I haven't!
The market, analysts, and those understanding existing, past and expected future fundamentals have priced all of what you believe will bare fruit in. They price it at $.86 cents which by the way is more than its negative worth.
In fact , one might say its way overvalued now.
Hog, Its being held back until it will be most profitable in the next run up. The most important notation in your post is that hard to quantify value stream;
"The simple facts are, This company has been working closely with the powers to be internationally for many years. Our long-term partnerships alliances and experience with the Department of Energy, Sheffield University, Department of defense, The likes of ExxonMobil Toyota and Drax, combined with the many new memorandums of understanding or contracts with IBM, TuNur, Oando, MHB, and the list goes on,."
It only scratches the surface when you throw in the knowledge of navigating state and local governments and regulatory bodies. Its not the kind of knowledge that can easily be replicated. How is that priced in?
Thank you Max. Inventory tied closely to cash flow which affects share price...
This has simply been long-term manipulation of all the fuel cell stocks along with other companies By the institutions that continuously do such. The only justification for it is that they know they can do it. Which is exactly why the meme stocks happened. Just like there was no justification for the stock to go to $29 without anything significant happening with the company or anything significant happening for fuel cell stocks in general. It went to 29 because people with money wanted it to. Although I don't think it will go up $1,400% in 3 months like you did before, I do believe it will easily go up more than $1,400% within a 12-month period. And from these levels, it could actually go up a thousand percent within a few months and up over 2,000% within a year. The simple facts are, This company has been working closely with the powers to be internationally for many years. Our long-term partnerships alliances and experience with the Department of Energy, Sheffield University, Department of defense, The likes of ExxonMobil Toyota and Drax, combined with the many new memorandums of understanding or contracts with IBM, TuNur, Oando, MHB, and the list goes on,. Continuously growing momentum and monetary policy support for all of our technologies specifically, would merit that type of growth already. Simply looking at the developments from October into April are sufficient for the stock to go up 100 to 200% without any other positive developments. Unless people think interest rates are going up over the next year starting in the near future, or there's going to be an abrupt about face with interest globally in hydrogen, fuel cells, and carbon capture, Then anyone knowing this company's history and their technology has to understand the next one to two years are definitely going to be prosperous for investors. This is simply people gambling on a daily basis. The good thing is when it's obvious it's time to run it's going to do just that. And that will happen at some point very likely this year, especially if we get any favorable policy decisions, or any favorable awards, and Q2 and Q3 end up as I expect. 23 is released early September. That's just over 4 months. 200% minimum - 1,000% from here in that time period in my opinion. 1,000% could simply be the entire sector gaining momentum. We've already had enough news for the company to run a couple hundred percent since October, and instead it was manipulated lower.
there was also a huge delay with Groton when fcel had to stop all production because they simply flat out ran out of money...
Inventory 10Q March 2024 for Q1
The amount of total inventory as of January 31, 2024 and October 31, 2023 was $105.6 million ($2.7 million is classified as long-term inventory) and $91.8 million ($7.3 million is classified as long-term inventory), respectively, which includes work in process inventory totaling $67.3 million and $55.6 million, respectively. Work in process inventory can generally be deployed rapidly while the balance of our inventory requires further manufacturing prior to deployment. To execute on our business plan, we must produce fuel cell modules and procure balance of plant (“BOP”) components in required volumes to support our planned construction schedules and potential customer contractual requirements. As a result, we may manufacture modules or acquire BOP components in advance of receiving payment for such activities. This may result in fluctuations in inventory and cash as of any given balance sheet date.
(page 30)
https://d18rn0p25nwr6d.cloudfront.net/CIK-0000886128/e5c4e04d-5a76-4fd7-8964-ef88e209233d.pdf
*************************
Manufacturing of the modules for the Rotterdam demonstration has begun in FuelCell Energy’s Torrington, Connecticut, manufacturing facility. (April 8, 2024)
https://investor.fce.com/press-releases/press-release-details/2024/Recently-Updated-and-Extended-Joint-Development-Agreement-between-ExxonMobil-Technology-and-Engineering-Company-and-FuelCell-Energy-Aimed-at-Accelerating-Access-to-Carbonate-Fuel-Cell-Technology-for-Carbon-Capture/default.aspx
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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