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So many articles about fuelcell
https://www.gasworld.com/story/fuelcell-energy-supports-californian-bio-generation-project/2137161.article/
https://www.google.com/url?rct=j&sa=t&url=https://www.cbia.com/news/manufacturing/fuelcell-energy-exxonmobil-agreement&ct=ga&cd=CAEYASoSMTAwMjA4NzAzNzg1ODc4ODUxMhozZjZjMTI4ZjIzMzRhODI4OmNvbTplbjpVUw&usg=AOvVaw17NNQPlm_YDHl5EHhUZoxB
https://www.google.com/url?rct=j&sa=t&url=https://www.biofuelsdigest.com/bdigest/2024/04/11/fuelcell-energy-to-supply-carbonate-fuel-cell-tech-to-amerescos-sacramento-facility/%3Futm_source%3Drss%26utm_medium%3Drss%26utm_campaign%3Dfuelcell-energy-to-supply-carbonate-fuel-cell-tech-to-amerescos-sacramento-facility&ct=ga&cd=CAEYAioSMTAwMjA4NzAzNzg1ODc4ODUxMhozZjZjMTI4ZjIzMzRhODI4OmNvbTplbjpVUw&usg=AOvVaw0WHGBw55nG29g7zX4X46Bf
https://biomassmagazine.com//articles/fuelcell-energy-technology-to-be-used-in-sacramento-biogas-project
https://www.google.com/url?rct=j&sa=t&url=https://www.tipranks.com/news/the-fly/fuelcell-energy-technology-to-be-used-in-sacramento-wastewater-biofuel-project&ct=ga&cd=CAEYBCoSMTAwMjA4NzAzNzg1ODc4ODUxMhozZjZjMTI4ZjIzMzRhODI4OmNvbTplbjpVUw&usg=AOvVaw0mThrt9rUjyZVLKjkCCEG8
UK huge plans
https://www.power-technology.com/features/public-opposition-to-hydrogen-pragmatic-problems-with-the-fuel/
JH, agree 100%. And I would add that what puzzles me the most is the fact that the Treasury Department and the DOE seem to have conflicting interests. Instead of collaborating on these important issues, they seem to be in conflict. Furthermore, the DOE, which has many more years of experience on every aspect of the hydrogen economy, instead of taking a leading role and provide guidance to the Treasury Department on setting the guidelines, is playing a passive, wait and see role on the sidelines.
Construction of first Dutch carbon capture & storage project begins in Rotterdam
https://nltimes.nl/2024/04/13/construction-first-dutch-carbon-capture-storage-project-begins-rotterdam
Biden admin is hosing H2.
https://www.hydrogeninsight.com/policy/could-newly-announced-public-consultation-on-us-hydrogen-tax-credits-delay-their-roll-out-/2-1-1626130
All the IRA plans are being destroyed. Very clear if one reads this article and follows the convoluted new proposals. Keep in mind that none of these proposals are warranted and instead the treasury dept should just stfu and implement the tax breaks as agreed upon in the Congress without any of the green blue gray colors that they created. All these unwarranted proposals will do is make sure that nobody puts themselves in the position to go begging the DOE for tax credits each year. Who ever heard of such a thing?
And this will result in uneconomical H2 of all types, because of $3 credit only for green-solar H2 will not cut it. The only hope is for overseas business and also to hope that Biden does not get four more years. He looked very promising and that's why the stock went over $20 but it was all a hoax and all a set up. If anyone disagrees then either they have not read the latest articles and proposals, or they are just in denial.
Xcel Energy Hydrogen hub in Minnesota at risk over 45V rules
First, Exxon Baytown TX at risk if 45V rules are not changed, now another one....
https://www.startribune.com/xcel-university-north-dakota-hydrogen-heartland-hub-federal-tax-credit-environmental/600358098/
Reinforcing promotional beliefs by creations of imaginary sales #'s with drawn out time lines convinces no one.......... especially the market . Nor has any analyst who objectively researches the company see it as realistic.
Living in a dreamworld makes your small audience wonder if your elevator goes to the top.
That's it for $1.15. Next stop a hopeful hold at $1.10.
Positive thought- The higher the px of oil, the more attractive solar, wind and hydrogen become.
1.6M shares on the day over two and a half hours in. That's about the average volume in the first half hour and less than the volume in the first 15 minutes whenever there's any significant movement or news. And only a handful of trades contributes to more than half of that 1.6M. I can't wait till the average volume is back up over 15 million a day. 20M would be even better.
Growth, for fuel cell installations specifically, according to this article, are expected to grow over 166% by 2028. 166% growth in revenue or share price in most cases would be pretty significant and pretty good to say the least and would put our revenue somewhere around $350M in 5 years. Few has stated current projections remain the same, which are $300M 2025, and $1B in 2030. That's 130% within 2 years. Expanding SOFC production from 4MW to 40MW within n 2 years (from 2023) is 900%. Recognizing that revenue might actually run well into 2026, but 900% in 3 years is impressive. Also expanding MCFC manufacturing as needed according to Q1 call I believe, which should happen with any substantial contract, ie: South Korea!! TICK TOCK! BEAT down a stick after the company proves that kind of growth. Only takes 1-2 good quarters and orders, don't need to show profitability! C'mon SK!!! 1 big order and 1 good quarter or vice versa and we roll!
Typically I like heavy volume partly because we usually go up on heavier volume, And it's usually more meaningful. Going up on lower volume right now is telling a story though. No one wants to sell shares. People trying to get shares have to slap the ass and can't try to wait for the price to come down. Only 6,000 shares traded in the last half hour pre-market. Only $280,000 shares traded 11 minutes into the session. I'm thinking at some point we're going to see a spike in the volume, and that could partly be related to the day traders slapping the ask then selling a chunk after a small gain to try to keep the volatility going. But sooner or later the volume is going to be related to people either trying to run the share price up or FOMO. "Could" result in a short squeeze and "COULD" happen at any moment. And I'm going to have every dollar possible in there when it does.
News continues to flow regarding the Exxon Mobil expansion. I've definitely seen more than 20 different links or articles. That doesn't happen without something being significant for any company. Yet the share price lingers. 43.9 thousand shares traded hands at 9am. Selling is clearly limited to those who are anything but investors doing diligence. Building wealth, over time, planning for retirement, etc! People not buying and holding are simply gamblers, and or lacking patience.
https://www.investopedia.com/terms/i/investor.asp
Johnny, yes. If the intention in the future is to produce hydrogen onsite, the modular design will allow for additional 2.8MW multiples.
It could be several multiples if the decision is made to utilize fuel cells to provide electrical power to all those homes!
for someone who boasts about being in the stock for 20 yrs and always rags on about traders, it really makes no sense why you analyze every penny up and down on an hourly basis....
and i might add, do it so horribly...lmao
when fcel won the lawsuit against that s.korean company, hedgehog was ecstatic that fcel would be able to sell hundreds of millions of dollars worth of product throughout all of s. korea...
i remember shaking my head as many others joined in the celebration...i then posted that in order to understand what would happen, you have to understand the koreans and how they do business...you cant just think like an american and assume everyone else will follow you or think like you do...
the koreans value loyalty, trust and saving face is huge...fcel embarrassed them with the lawsuit...right or wrong, it is what it is....i said it would be YEARS before they did any business with s.korea...even the things they were contractually ordered to do in the lawsuit werent done when expected...they did the bare minimum business with fcel that they had too....there has been no new business other than replacement of parts that were required to keep the fuel cells they had functioning...
now we are starting to again hear hedgehog talk about all the new business that fcel will get from s. korea....i dont know if enough time has passed or not...korea clearly intends to move forward with fcels, hydrogen etc...im not too sure if they are ready to do business with fcel again though...
as i said when the lawsuit was won, fcel lost more than they won...they just didnt know it at the time...
Thanks Max - I understand the issue of the integrated system. However, after the initial article, it is still a let down to know it is only 2.8 MW for the fuel cell component. Seems like market had a similar initial reaction.
I am pretty sure Sacramento area population is much larger than Tulare.
Oh well....in the future I guess this will be the limit. Although maybe the FC stacks will substantially increase if/when Hydrogen capability is added (?)
Some Bulls just can't make up their mind. First they advise patience. In the next breath they talk about a rush to a 1400% gain. Very recently its trying to make sense out of every tick movement in the stock associating the ticks with changes in volume.
When will they learn to respect TRENDS ? When will they recognize resistance and support levels ? Whenever will they know that attempting to make projections out of ticks and slight changes in volume is a futile effort with no credence.?
Oh well! You can take a HOG to water but..................!
That's a very interesting chart. Clearly we lost support at $1.13, But the vast majority of the volume today all happened within a matter of five or six minutes. On four separate occasions as it was near the bottom of the day, ultimately resulting in the share price ascending back to $1.16 immediately thereafter the last big trade this morning. Then there was about one more minute this afternoon with big volume. I'm guessing it doesn't get any more obvious There's some big money loving this price point. Bears calling for $0.75 or even $0.90 entry are out of their mind. Q2 call is only about 8 weeks away. A favorable 45V Should propel the share price well over $2, If not $3, very quickly. I've been following the company for over 20 years. They have never even came close to having four different positive company updates in 4 months let alone one month. And I feel pretty good about getting at least one more before the Q2 call.
Johnny I believe you are possibly taking a misread on what is being built.
It's an integrated 13.4 MW cogeneration plant that will utilize fuel cell and engine technology. The fuel cell component is 2.8MW.
This fuel cell MW is inline with other wastewater treatment plants like Tulare's.... where a 2.8MW FCE fuel cell was used.
https://investor.fce.com/press-releases/press-release-details/2019/Tulare-Project-Begins-Commercial-Operation--Supports-Achievement-of-Key-Sustainability-Goals/default.aspx
https://fuelcellsworks.com/news/ameresco-begins-construction-of-biogas-cogeneration-project-in-sacramento-california/
Despite the expected announcement, the stock is about unchanged.
One stretched out LONG now has pushed back his expectation for all kinds of contracts to come from So.Korea in 2024. I recall that same expectation to be in 2023 but it never happened.
In the meanwhile Bloom announced they did secure a contract 2 weeks ago in So. Korea It wasn't a small one either.
You'll notice no analysts has changed their ratings or their avg px tgts which now remains at $1.48.
With all the exaggerated expectations wouldn't you think the trusted professional analysts would recognize these and adjust his views. None have. Hmmm!
the good news its only down a penny holding nto its $1.15 minor support.
All this incredible news is really moving this stock!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! LOL LOL LOL LOL
Very important info to consider! One long investor commented about the length of time for projects. Governments and EDCs and obviously FCE Are all working to streamline the process. Without looking back at the recent transcript, I believe I recall Few replying to an analyst, They expect new revenue from California and South Korea in fiscal 2024. The analyst wasn't expecting anything new and expressed his concern. Few specified both. Keep in mind the companies projections right now maintain $300M revenue in 25 and $1B in 30. As previously stated that means we need contracts signed ASAP in order to get those projects operational in 25. Although I expect a large majority of that to be South Korea from replacement units with projects restarted. KOSPO 2018? Maybe 19, 20MW operational in 10 months. I believe most projects will be operational in a similar time frame by end of 2025.
Canadian carbon capture not likely a final decision until next year, But I'm extremely confident it's going to happen, And it's supposed to be one of the largest in the world. TICK TOCK! Big money traders can move the markets almost anytime they want, up or down. But I think they're all so smart enough to know when to shift their focus. At some point there's going to be enough positive news They know they have to shift. Like let's say after a couple of good quarters, starting with Q2. $15+M in generation revenue alone, That's fact not speculation. We've now announced the signing of three new contracts that happened in Q2, UCONN, NETL in Ukraine, and now California! Yes, 3 within a month of each other. And we are just getting started. South Korea is the big one.
I think the original info came from Sacramento Waste Water District. Big difference in Mw number!
Take a wild guess and say about 1 year. California is trying to streamline the process We obviously have a long-standing relationship in California and the EDCs are gaining familiarity with our process and our product. I'm guessing during the Q2 call there will be a reference on time frame. We should also find out if it's a power purchase agreement and they may actually share how much it will add to backlog.
How many different articles have there been on the Exxon Mobil partnership, I probably seen 20.
https://jpt.spe.org/exxonmobil-fuelcell-energy-partnership-accelerates-carbonate-fuel-cell-carbon-capture-tech
There's California, South Korea should be next.
https://s21.q4cdn.com/256256048/files/doc_news/FuelCell-Energy-Technology-to-be-Used-in-Sacramento-Wastewater-Biofuel-Clean-Energy-Project-2024.pdf
How long to build and start up, anybody have a clue. Thanks
I'm a little bit disappointed in learning that this is 2.8 MW. The initial story referenced 13.4 MW.
FuelCell Energy Technology to be Used in Sacramento Wastewater Biofuel Clean Energy Project
Mentioned: FCEL
Sewer District will use FCE's energy delivery and emissions management platform to create clean electricity from onsite biofuelGlobeNewswireApril 11, 2024
DANBURY, Conn., April 11, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL), announced that its carbonate fuel cell technology will be used in a biogeneration project developed by Ameresco for the Sacramento Area Sewer District (Sacramento Sewer) to convert on-site biofuel into clean electricity. One of the company's 2.8-Megawatt carbonate fuel cell platforms, which produces power and useful heat from biogas and has the potential for future production of renewable green hydrogen, will be deployed on the project.
The company also said that it has entered an agreement to provide comprehensive maintenance services for the fuel cell system, which will ensure that Sacramento Sewer can focus on its mission of protecting public health and the environment while delivering renewable power from the cleanest technology available.
Jason Few, FuelCell Energy's CEO & President, commented, "FuelCell Energy's patented power platforms are unique in their ability to run on on-site biogas without combustion, and they help community facilities like SacSewer produce efficient, clean, and continuous electricity with reduced operating expenses. Plus, the community benefits from reduced greenhouse gas emissions and less pollutants."
He added, "FuelCell Energy's technology is also helping local governments meet their sustainability goals by minimizing or avoiding the use of combustion-based boilers for heat, while boosting their resiliency and limiting their dependence on the local grid."
FuelCell Energy has been doing business in California since 2005 and has partnered with several government entities seeking to provide clean energy to their communities through innovative platforms. This includes three other installations that have been successfully running on biogas in Riverside, San Bernardino, and
SMELLS LIKE MONEY!
Yes! It is FCEL! Confirmed!
This is a MAJOR project IMHO because it is TRIGEN and it is replicable in every major city.
Huge for esablishing H2 filling stations for trucking infrastructure, IMHO.
Here is the link:
https://www.bizjournals.com/sacramento/inno/stories/news/2024/04/08/sacsewer-ameresco-cogeneration-methane.html?ana=RSS&s=article_search
" All of the sewage treatment for the region of 1.6 million people is handled at SacSewer's EchoWater plant near Elk Grove. The sewer district collects sewage on a regional basis from other districts.
Ameresco has been building plants for 24 years.
The EchoWater plant will use fuel cell technology from FuelCell Energy Inc. (Nasdaq: FCEL), headquartered in Danbury, Connecticut.
“Capturing and repurposing biogenic methane that is already in our environment and produced by society, to displace fossil fuel is a powerful example of the circular economy in action, where waste is not discarded, but turned into a valuable asset,” Bakas said.
The EchoWater plant can be expanded to produce hydrogen in the future. "
Good one Johnny, and Ameresco Mark Feasel connections
From Ameresco website when Mark Feasel was with Schneider Electric before joining FCE
https://www.ameresco.com/what-electrification-of-transportation-and-buildings-means-to-microgrids-interview/
Microgrid Conference April 22, 2024
Advisory Council members Mark Feasel FCE Chief Commercial Officer and Mike Bakas Ameresco VP Energy Assets
https://www.microgridconferences.com/2024
I am hopeful.
Here is communication between Ameresco and FCEL one year ago. Check out the message from FCEL. Fingers crossed!
https://www.linkedin.com/posts/ameresco_netzero-cleanenergy-sustainable-activity-7025157570201833472-Edx_
True that Johnny. The Sacramento Area Sewer District (SacSewer) is the Sacramento region’s largest sewage collection, treatment, and resource recovery utility–providing service to more than 1.6 million people.
"We [SacSewer] are the second largest sewage collection utility in California, and we own and operate the second largest water resource recovery facility of its kind in the nation—the EchoWater Resource Recovery Facility located near Elk Grove.
https://www.sacsewer.com/in-the-news/sacsewer-enters-140m-contract-to-build-a-biogas-energy-facility-near-elk-grove/
**************************
Wastewater treatment facilities need to be this large to make putting a fuel cell on it feasible. All elements of Tri-gen including expansion to produce hydrogen.
Sounds like TriGen to me - but time will tell.....
https://hydrogen-central.com/ameresco-begins-construction-of-biogas-cogeneration-project-in-sacramento-california-expandability-to-produce-hydrogen-in-the-future/
Ameresco begins construction of bio-gas cogeneration project in Sacramento CA
Is FCE involved? Paragraph 2
https://fuelcellsworks.com/news/ameresco-begins-construction-of-biogas-cogeneration-project-in-sacramento-california/
******************
courtesy of Thomask88
8k Registration Open Market Sales Agreement ATM
https://d18rn0p25nwr6d.cloudfront.net/CIK-0000886128/6d29181e-2744-40d4-a08b-5ec8d222fe65.pdf
Fact- The market has no tolerance for companies with weak fundamentals. In a day like todaywhen the DJIA was down 1.09%, the S&P was down 1%. FCEL was down 4%.
FCEL can ill afford to have comparative declines 4x greater than the DOW and the S&P.
What this demonstrates is its not willing to accept " possible" but unevidenced potential as a factor in the px of shares of these companies.
Bulls will taut the " possibles" or talk up " creative potential" But they can't place it in the reports and it surely doesn't show up in the financials and thus not in the sh/px
Decades of consecutve losses and most recently a 55% drop in sales quarter to quarter cements the markets and analysts conviction that the company , thus the stock, is not going far.
It simply has nothing to show for 20 years of effort.
Professional Analysts have had it right for over 3 years while the tauters can only provide EXCUSES and PROMISES.
Common sense dictates stay clear of the pushers and place your bet with credible analysis.
The good news is that it didn't close below $1.15 which shows some resilience. I'd be more enthused if it continues to hold there . That's technical.
Market getting pounded today. If it's not 1 thing it's another. COVID, inflation, rising interest rates, government shut down, more inflation and rising rates, supply issues, and FCE manages to beat estimates 3/4 times in last year. Several new MOUs, projects going into operations or up to full operations, Plug issued a going concern when we were on the rise, there goes that gain. Finally PORTHOS CC project announcement, Issues with 45V, renewed concerns about sticky inflation, Exxonmobil renewed and expanded the joint development agreement. Growth projections remain as stated for the last year, $300M In 2025 and $1B In 2030. Recurring revenue increased from $7.5M per year in the spring of 2019 to now $63M. There's not one thing anyone can identify that will definitely significantly negatively impact the company moving forward. There can be speculation just like the speculation and how the company will prosper. The factoring in the developments worldwide favoring our technologies in the near term and long-term future, far outweigh the skepticism. Bears commenting the company will never reach profitability would be the only justified reason, But that must include speculation 45V will not end up having any positive impact on the company. Carbon capture will not move forward, Our sales will not increase and we will not end up building or using the 400 megawatt manufacturing facility in the planning stages. There's more negative things that must actually become reality than there are positive things that need to become reality in order for the company to prosper. As Darren Woods has stated repeatedly, The incentives are great to try to get the ball rolling, But if carbon capture in some of these other technologies are actually going to become affordable and a profitable, companies are going to need to invest and the carbon tax is crucial. Canada already has a carbon tax And we are already connected and allocated work in Canada. We are well established in South Korea plans to expand that significantly in the near term, fiscal year 24. I say repeatedly companies substantially undervalued at anything under $3. This will rise much faster than it fell. And it will ultimately surpass a $10B market cap without selling 500 million shares. In my opinion without being a financial advisor, You will never see a share price anywhere near $2 beyond 2024, let alone anything below it. I highly recommend to anyone considering investing especially a large amount of money, Do extreme diligence for a few days and it will be an easy decision. In fact they've made substantial improvements at branding and updating their website. They actually made it easy. If you read the entire website and read all the news updates and filings from the last two years it will be crystal clear. TICK TOCK! PS They have $300M +in cash and are seeking a low interest loan from the Department of Energy to build a 400 megawatt manufacturing facility. Although they could use $100M cash and still have more than enough money to fund operations for 4 quarters but they will not do that. They have 500 million shares to sell if they need to raise money. They will not run into financial issues or need to issue a going concern even if they build the 400 megawatt manufacturing facility expand the MCFC run rate to 100 megawatts and expand Canada to 80 megawatts. And of course they don't need to do that unless they have orders. The incentives for hydrogen have not even begun to kick in. Policymakers are focused on streamlining the process what's these projects are being awarded. If we are going to hit $300M revenue in 2025, we're going to need sales in 2024. My guess is a nice chunk of that comes from South Korea. Does anybody think the company needs to be profitable in order for shareholders to benefit? Tesla broke well over $100 when they were losing billions, long before profit, And when there was a question as to whether or not they would ever be profitable. FCE hit $29.44, with not one single bit of good news. Every argument the Bears have ever had is weak at best. It's simply a matter of time, HENCE TICK TOCK!!!!!!
H, True that.
It certainly feels like things are about to move forward....
Clearly, every investor would love for these new relationships to evolve in weeks or months. MHB was actually established I believe before Chart Industries without looking back. The fact is we don't know what MOUs are progressing and if so at what level or stage. I understand they can't update us on every change or they would be updating us weekly on a bunch of different things some good and some bad. Which is why the SEC has requirements for things that do need to be reported. They can't choose if they're updating on everything to only update the positive which means they were dead then also have to update on the negative. And we know they don't need that right now. Look back just one to two years ago and where they were with branding marketing sales existing relationships and new relationships. Today is leaps and bounds in a much better place. I only expect it to get better at the same rate or faster moving forward. Nurturing the existing relationships having that one point of contact and obviously developing new relationships is going to ensure a reputation and growth
Guess not. You're still Holding it !
Some people just don't listen.
Anyone owning shares in FCEL for 20 years and has a $1.14 stock to show for it, needs to answer the question:
"What was I thinking" ?
H to me its all about pay for performance. VP of Strategic Partnerships...is FCE about to get some partnerships? Yes, having a point man is important for all aspects of the many questions and issues that may arise, both entering into and after the creation of partnerships.
In a recent X (twitter) Taste the Difference: FuelCell Energy Offering Samples of CO2 for Food and Beverage Customers it was stated: "FuelCell Energy is currently in late-stage negotiations with a variety of customers, said Lindsay Cole, Sales Director for food and beverage.
However, in the same twit it stated "If you want one of the first tastes of FuelCell Energy’s fresh CO2, you'll be able to visit the company’s manufacturing plant at the end of Technology Drive in Torrington, Conn., next year-- so the message is muddy. Additionally, the Chart Industries MOU for CO2 use in beverages was in May 2023...we are coming up on a year now.
Lisowski's position would suggest he would be point man for Drax Group and Alberta Innovates Corp also....right?
A close below $1.15 means HOLD OFF buying until the px stabilizes. That's the technial picture!
Examining the fundamentals, there's no justification to BUY at all; as there are no fundamentals to base a purchase on except wishful thinking.
The technical picture is intact but overall market sentiment ( disappoinment in the CPI and reversal in thinking about reducing rates) could hold the stock back. If it does, it'll need to stabalize at a lower price before it resumes it's near term positive pattern.
Yes, some people seem to interpret it as a bad thing, But I did not. Seems pretty clear He needed to resign from his current position in order to be accepted or offered the other. The partnership position is very intriguing. Obviously it's vital to maintain positive relationships with your partners. Some people would see that as a waste of money, But I do not. That's professionally building a business. Although right now some don't see it, I see this company having an impeccable status in the not too distant future. Following the company for 20 years not too distant to me might be different to others. So I'll specify by 2030 or sooner. By that time share price will have far exceeded most people's expectations.
talking won’t help? that’s funny coming from u.
So obviously the markets were down yesterday and fuel cell was up, But today the markets are getting destroyed so this makes a little sense. Although there's definitely no justification not to hold a $1.13.
Busy and did not see the volume at 9 or 9:30 and in fact just noticed it's at 5 million at 11:00 a.m.. guessing that might slightly be above average at this time of day and looks to be related to just a few trades of large volume. Unfortunately there are swingers and traders than just don't see the value in investing and patience. There's no stopping for this company from succeeding in a big way. It's simply a matter of time. Unfortunately we did lose support at $1.18 from yesterday but it seems as though we're still holding support at $1.13. I didn't even look at the overall markets so I don't know if that's relevant, But I believe we did well yesterday in a down market. Let's hope we hold a $1.13 and close at 1:21 or higher.
“Of course there's always seeking alpha. They like to put a negative twist on everything with their amateur authors that always say something inaccurate.”
Wow…I can’t believe you have the nerve to say that about an entity whose opinions about fcel have been fairly accurate as opposed to your opinions which have been absolutely horrible…
“55 million shares traded at 8:47 a.m.. ”
Speaking of inaccuracies…
“What would Exxon buy is for at the moment, $4.00 per share??”
Research some previous buyouts…you will see that the buyouts occur at some fraction of the current pps…offers 50% above the current pps are rare and sky high… that would place a buyout for fcel at $1.75…
To be sure, you can find the very very rare occasion where a buyout was done at 2 or 3 times the current pps…but that won’t happen for fcel and even if it did, it would help some but most will still lose money even on that extremely high valuation…
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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