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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
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...
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 ?
“ 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:
Utility
Binder for electrolyte matrix for molten carbonate fuel cells
30 Aug 22
A binder solution for an electrolyte matrix for use with molten carbonate fuel cells is provided.
Arun Surendranath, Abdelkader Hilmi, Chao-Yi Yuh
Filed: 12 Apr 17
Utility
Low pressure carbon dioxide removal from the anode exhaust of a fuel cell
23 Aug 22
A fuel cell system for removing carbon dioxide from anode exhaust gas includes: a fuel cell having an anode configured to output an anode exhaust gas comprising hydrogen, carbon monoxide, carbon dioxide, and water; an anode gas oxidizer; and an absorption system configured to receive the anode exhaust gas, the absorption system including: an absorber column configured to absorb the carbon dioxide from the anode exhaust gas in a solvent and to output a resultant gas comprising hydrogen and a hydrocarbon that is at least partially recycled to the anode; and a stripper column configured to regenerate the solvent and to output a carbon dioxide-rich stream.
Fred C. Jahnke, Matthew A. Lambrech
Filed: 1 Sep 20
Utility
Elevated pressure operation of molten carbonate fuel cells with enhanced CO2 utilization
23 Aug 22
Molten carbonate fuel cells (MCFCs) are operated at elevated pressure to provide increased operating voltage and/or enhanced CO2 utilization with a cathode input stream having a low CO2 content.
Jonathan Rosen, Eric B. Shen, Timothy C. Geary
Filed: 26 Nov 19
Utility
Flow Baffle for Molten Carbonate Fuel Cell
11 Aug 22
Molten carbonate fuel cell configurations are provided that allow for introduction of an anode input gas flow on a side of the fuel cell that is adjacent to the entry side for the cathode input gas flow while allowing the anode and cathode to operate under co-current flow and/or counter-current flow conditions.
Christopher Howard, Brandon J. O'Neill, Paul J. Rubas, Frank Hershkowitz, Lu Han, Lawrence J. Novacco, Frank J. Dobek, Keith David, Brian Bullecks
Filed: 11 Feb 21
Utility
Fluidized Catalytic Cracking Unit System with Integrated Reformer-electrolyzer-purifier
4 Aug 22
A fluidized catalytic cracking unit system includes: a fluidized catalytic cracking unit assembly including a first catalyst regenerator and a cracking unit, the cracking unit configured to output spent catalyst to the first catalyst regenerator; and a reformer-electrolyzer-purifier assembly comprising a reformer-electrolyzer-purifier cell, the reformer-electrolyzer-purifier cell comprising an anode section and a cathode section.
Fred C. JAHNKE
Filed: 22 Apr 22
Utility
Solid Oxide Fuel Cell System with Carbon Capture and Increased Efficiency
4 Aug 22
A fuel cell system includes a fuel cell module having an inlet and an outlet.
Casy Cloudless BROWN
Filed: 3 Dec 21
Utility
Edge leveler with offset rollers
2 Aug 22
An edge leveler for leveling an edge of a plate includes a first frame, a plurality of first rollers rotatably mounted along the first frame; a second frame, and a plurality of second rollers rotatably mounted along the second frame.
Benjamin Aldrich, Carson Payne, Steve Rulli, Marc Gizzie, Steve Ayres
Filed: 9 Sep 19
Utility
High Efficiency Humidity Management System for Fuel Cells and Higher-temperature Electrochemical Systems
28 Jul 22
A humidity transfer assembly includes a pressure vessel and a humidity transfer device disposed in the pressure vessel.
Pinakin PATEL, Jonathan MALWITZ, Ludwig LIPP, Jesse ROY
Filed: 28 Feb 22
Utility
In-situ monitoring of flue gas contaminants for fuel cell systems
14 Jun 22
A power production system includes a fuel cell separation system configured to receive a flue gas and to produce electrical power therefrom; a flue gas polishing system positioned upstream of the fuel cell separation system and configured to remove contaminants in the flue gas; a flue gas analyzer configured to measure in real-time an amount of the contaminants in the flue gas; and a plant control system operatively coupled to the flue gas polishing system, the flue gas analyzer, and the fuel cell separation system and configured to adjust operational parameters of the flue gas polishing system.
Hossein Ghezel-Ayagh, Stephen Jolly
Filed: 21 Apr 17
Utility
Operation of Molten Carbonate Fuel Cells with High Electrolyte Fill Level
2 Jun 22
An elevated target amount of electrolyte is used to initially fill a molten carbonate fuel cell that is operated under carbon capture conditions.
Jonathan Rosen, Heather A. Elsen, Gabor Kiss, William A. Lamberti, William C. Horn, Anding Zhang, Timothy C. Geary, Adam Franco, Abdelkader Hilmi
Filed: 22 Feb 22
Utility
Fluidized catalytic cracking unit system with integrated reformer-electrolyzer-purifier
24 May 22
A fluidized catalytic cracking unit system includes a fluidized catalytic cracking unit assembly comprising a cracking unit; a reformer-electrolyzer-purifier assembly comprising a reformer-electrolyzer-purifier cell, the reformer-electrolyzer-purifier cell comprising an anode section and a cathode section; and a carbon capture assembly.
Fred C. Jahnke
Filed: 19 Apr 17
Utility
Selectively rotated flow field for thermal management in a fuel cell stack
17 May 22
An electrochemical cell stack comprises a plurality of electrochemical cell units, each comprising a cathode, an anode, and an electrolyte, and also comprises a plurality of interconnects.
Casy Cloudless Brown, Khun Bong Luc
Filed: 19 Dec 19
Utility
Operation of molten carbonate fuel cells with high electrolyte fill level
17 May 22
An elevated target amount of electrolyte is used to initially fill a molten carbonate fuel cell that is operated under carbon capture conditions.
Jonathan Rosen, Heather A. Elsen, Gabor Kiss, William A. Lamberti, William C. Horn, Anding Zhang, Timothy C. Geary, Adam Franco, Abdelkader Hilmi
Filed: 26 Nov 19
Utility
Energy Storage for Combustion Turbine Using Molten Carbonate Electrolyzer Cell
12 May 22
An energy storage system includes: a reformer configured to receive natural gas and steam and to output reformed natural gas; a combustion turbine configured to output heated sweep gas; and a molten carbonate electrolyzer cell (“MCEC”) including: an MCEC anode, and an MCEC cathode configured to receive the heated sweep gas from the combustion turbine.
Fred C. JAHNKE
Filed: 24 Jan 22
Utility
High efficiency fuel cell system with hydrogen and syngas export
19 Apr 22
A fuel cell system includes at least one topping fuel cell module including a topping anode portion configured to output a topping anode exhaust, and a topping cathode portion configured to output a topping cathode exhaust; at least one bottoming fuel cell module including a bottoming anode portion configured to output a bottoming anode exhaust, and a bottoming cathode portion configured to output a bottoming cathode exhaust; and an electrochemical hydrogen separation unit configured to receive at least a portion of the topping anode exhaust, to output a hydrogen-rich stream, and to output a CO2-rich stream.
Ramakrishnan Venkataraman, Mohammad Farooque
Filed: 20 Apr 17
Utility
Humidity transfer assemblies for fuel cells and higher-temperature electrochemical systems
5 Apr 22
A humidity transfer assembly includes a pressure vessel and a humidity transfer device disposed in the pressure vessel.
Pinakin Patel, Jonathan Malwitz, Ludwig Lipp, Jesse Roy
Filed: 29 Aug 19
Utility
Carbon Dioxide Production from Carbonate Fuel Cells
17 Mar 22
A fuel cell system includes a fuel cell stack having a plurality of fuel cells that each contain a plurality of fuel electrodes and air electrodes.
Anthony Leo, Stephen Jolly, James Kim
Filed: 15 Sep 21
Utility
Ceramic felt material for high-temperature fuel cells
15 Mar 22
An inorganic felt material includes zirconia stabilized by at least one Group IIA material, such that the Group IIA material includes at least one of calcium (Ca), magnesium (Mg), or a combination thereof.
Matthew T. Snider, Chao-yi Yuh
Filed: 13 Jun 18
Utility
Energy storage for combustion turbine using molten carbonate electrolyzer cell
1 Mar 22
An energy storage system includes: a combustion turbine configured to output heated sweep gas; a reformer configured to receive natural gas and steam and to output reformed natural gas; a molten carbonate electrolyzer cell (“MCEC”) comprising an MCEC anode and an MCEC cathode, wherein the MCEC is configured to operate in a hydrogen-generation mode in which: the MCEC anode receives the reformed natural gas from the reformer, and outputs MCEC anode exhaust that contains hydrogen, and the MCEC cathode is configured to receive heated sweep gas from the combustion turbine, and to output MCEC cathode exhaust; and a storage tank configured to receive the MCEC anode exhaust that contains hydrogen.
Fred C. Jahnke
Filed: 9 Aug 21
Utility
Two-phase water cooling in an electrochemical hydrogen separator
1 Mar 22
A cooling plate assembly includes an anode half-plate having an anode upper surface and an opposing anode lower surface, and a cathode half-plate having a cathode upper surface and an opposing cathode lower surface, the cathode lower surface configured to engage the anode upper surface.
Pinakin Patel, Jonathan Malwitz, Ray Kopp, Ludwig
Utility
Heat Exchanger with Porous Material
3 Feb 22
A method for manufacturing a heat exchanger includes: providing a porous material that has a porosity of about 30% to about 80%; forming an oxide layer on a surface of the porous material by heat treating the porous material at a temperature in a range of 600° C. to 900° C. for a time period in a range of 8 hours to 12 hours in air; and integrating the porous material into a cold side flow passage of the heat exchanger.
Matthew LAMBRECH, Joseph M. DALY, Andrew SKOK, Kazim NAQVI, Dennis FARRENKOPF, Ling CHEN, Allen ADRIANI
Filed: 18 Oct 21
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.
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.
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.
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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