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But in the meanwhile, consider where the sh/px goes before it does its R/S.
Too late to worry. $.43 should tell you something.
I guess you followed the Hogwash pump to have added and remained in this stock for so long.
There was sufficient indications that this stock would drop and drop big. Trusted Analysts who do the kind for research that's complete and objective never gave a Buy signal. Zacks waffled back back and forth almost evey month. There were technical signals to Sell, There were continuous losses .
Shorts read them right. There's good reason why they shorted this stock . Buyers dried up. Institutions were dead wrong.
There's more pain coming with the ongoing dilution as they obviously need the cash. Losses will continue. R/S's don't work unless there's profits or the perception they're coming. Both do not exist.
I say stay clear of the Hogwash spin. He misguided the whole board except for the few who knew better.
Read post 61301. You'll find the spin as it begins coupled with a bit of imaginary reasons for the request to Vote.
It's a HOGWASH special not to be missed.
They'll be more even more creative than that. It's only just begun.
No Surprise here. I kept saying by my posts a 1/25 or 1/50 was likely. It hasn't been finalized but its between 1/10 to1/30
BTW- It only works when there's profits shown or perceived to be coming. According to analysts, losses will continue at least through 2029.
So after a possible initial pop, it returns to its massive downtrend..
GL
PS- Watch for layoffs next and the inevitable spin HOGWSH will put on it.
So now they're liquidating equipment to raise cash. Hogwash boasted that they have $300mil in cash. What he didn't mention is much of is " restricted"; that is it can only be used for specific purposes. Thus the need for cash! Thus the liquidation of equpment that sits there doing nothing.
Seems to me LAYOFFS could follow.
Dow , Nasaq, S&P up to records. FCEL down. What's with that. Shouldn't there have been a follow thru ........... if there were buyers there ?
The leader in the group ( by way of its Buy rating and Avg px tgts by analysts) is Bloom ( BE). Due to an announcement 2 days ago that they will be selling a few million shares, the market sold it off and made a new low or near one.
That doesn't auger well for the group, especially the weakest in it.
BE could reverse as the it wasn't a huge am't being sold; at least not like FCEL. It won't have that kind of dilutive effect.
" closing over $.52 would be extremely bullish"..
There he goes again! EXTREMELY BULLISH to him means up a nickel in a down trended stock. Does he not understand or refuses to accept basic technical and fundamentals signals.
The stocks technicals backed up with negative fundamentals suggest another short lived bounce only.
Resistance levels appear at multiple levels beginning at $.60. $1.00 is massive resistance. Beyond that a mountain of holders waiting to unload appear.
Its easy to see only what makes one feel good. But the market has no sympathy for the feel gooders. It follows tried and true principals that been in place with this stock for over 3 years. You don't change that with a $.05 gain.
Don't be fooled. This character is a promoter and a pusher.
Check his abyssmal record for 3 years. He's paid a commission to push it.
There's the bounce. Could carry to $.60. That's all to expect. I mentioned thisDED CAT Bounce looked probable on my 9/15 post.
There's no fundamental or technical reason to expect the stock to carry beyond $.60 - $.65 sas the ast report show no improvement is coming.
Light volume pre-market open shows no interest in buying.......I guess.
It's deserving of a bounce having gone through a never ending trounce. It'll be short lived.
Charts don't lie.
Reality check? I did! And found a CEO who was hired and paid millions to turn the company around.
What I found was during his tenure he pocketed millions while the company sunk further into the ground.
Thestock was $5.00 when he took over. It's ow $.48/sh. What he showed for it is a bunch of promises, a monster dilution DECIMATING shareholder value, continuous losses , added borrowings, out of control expenses and now a R/S.
Who needs a reality check? It's all in front of you.FCEL IS NEXT IN LINE TO CUT JOBS.
YOU WATCH!
Looks like a bounce is in the works. I'll call it a Kamala Bounce. She's a big fan of Alt Energy. Trump loves fossil fuels.
She creamed him in the debate and the poll#'s are showing it on balance.
Let's see how far it goes.
You should have watched the debate. Trump had a meltdown blabbering, unglued, angered, .Like a trapped rat , cornered by a skilled opponent, he couldn't handle it. So the anger came out. The frustration showed.
In effect , his true colors shined.
Do I believe he's capable of getting us into WW3? You bet. With a temperament like that, when he's cornered he can do it.
He was caught in more lies as the moderators pointed out.
I'll not have this vindictive narcissist criminal with the power he'd be given.
If its the difference between paying more taxes or electing a maniac capable of anything, I'll take the taxes.
I'm not a Liberal by any means, but I do believe she'd be a better choice than him. Much Better.
https://www.thedailybeast.com/psychiatrist-says-trump-should-be-examined-for-cognitive-illness-after-disjointed-debate
Not only his General say he's nuts but so do psychotherapists believe he needs to be examined.
LMAO- " I'll end the war in Ukraine in 5 minutes with one phone call".
Yeah, right. And he'll start one in 5 minutes with one of his angry outbursts.
Do you really trust this guy?
I don't give a flying #&* about what he didn't start in the 4 years he jerked us around. What counts is his demeanor now and the world events that makes him a danger.
He won't debate her again. He turned down the offer. Reason: He won the debate and like a boxer who loses, the 1st thing they want is a re-match. LMAO.
The problem is he's not a boxer. He became a punching bag in that debate. He showed his true colors with his anger and name calling.She laid out a damn good plan addressing peoples needs ; not hers. It was the knockout punch that laid him out when she told him his rally crowds are leaving and are bored to death.
Fact check: 34 lies this time.
He can't hold a candle to her, She'll be a much better president than this dangerous blowhard that world leaders are laughing at as a joke.And yes he VETOED it. . So the guy who talks about stopping illegal immigration at the border, vetoes a bill, signed by both houses that would have.
That one needs a full explation.
Is that another field test ?And sometime in 2026. More waiting for " a field test."
Quote " They're laughing at America in General" etc etc
I recall a bill passed by both a majority of Republicans and d\Democrats that would have tightened the borders extensively.
HE VETOED IT
Quote " He'll serve up WW3"
You bet. Even his Generals have said he's a whacko. And as one, with his finger on the red button, he's libel to start one.
The leaders including those of China, Russia, and his " friend" loonie in N.Korea are playing him. The great negotiator will negotiate us into submission and call it a good deal......... just the way he said he won the debate after getting pummeled .
Anyone putting trust in this guys hands is out to lunch.
The only Donald that'll get my vote is Donald...............DUCK; not this nut job.
He cozied up to every adversary on the planet. The leaders of the world are laughing at him, one recently calling him a clown.
He'll serve up WW3 .
" I don't think a Trump win is all that dramatic."
When he threatens to jail his opponents, condoned Jan 6th, says if he isn't elected they'll be a "blood bath", lies, tries to illegally overthrow the results of an election, and is convicted of 34 felonies, no one can tell me he deserves the presidency.
That's dramatic enough for me.
Again, I'm not a fan of the Liberal thinking in most cases. But I do believe she'd be a much better choice that the fool whose running against her.
BTW- He never attended Wharton. Wharton has space in the building of another college he did attend. A professor whose class Trump attended, recalled him saying " he was the dumbest person he ever taught". So not only is he a consummate liar, but a dumb one at that.
Zacks ? The change their rating mind every month. 3-4 months aga they put out a buy rating on it when the stock was $4.00.
I wouldn't put a nickel on their analysis.
I go with the record. Analysts of repute have had it right for over 3 years. You ( Hogwash) on the other handcan't defend your record.
Taxing unrealized gains is a silly idea. Will they tax my house ? Or for that matter anything whose value has been inflated due to inflation over the years? WTF is happening anyway?
I'm not a fan of some of the Liberal policies and certainly not a Liberal. The nut job that's running against her is one dangerous whacko. He's all for himself. Those in congress that either support him or refuse to commit where they stand are equally stupid or cowards.
She destroyed him in the debate. I hope the poll #'s reflect it.
If it means the difference between saving the democracy from an authoritarian dictator who put us in the dark ages, or higher taxes, I'll gladly pay the taxes, hold my nose, and vote for her.
" No one; she'll tax away anyones gains."
But the market was concerned if Trump hit a home run. Now if the debate converts into sizeable poll #'s for Haris, that concern is lifted and the poll #'s grow in her favor, that concern is removed.
Then if there's a tax loss carryforward due to prior year losses ), any profit ( should there be one ) will be offset to some degree by the taxes imposed.
I don't expect this to have any benefit for FCEL as there's no profit to come for years. But others in the field could begin to show a small profit. As a result FCEL's sh/px could be dragged along with them as the Trump cloud is lifted.
e is not in favor of Alt Energy, She is a big fan.
Let's see what the pools say.
Harris trounced Trump. She's a huge fan of Alternatives . He isn't. That alone brought Alternatives back into favor. if the pools show a big bounce for her ( and they should after Trump's blundering performance ) It'll be reflected in the sh/px of the leaders. But who will gain ? Who will still lag ?
Selling shares dilutes shareholder value. Continuous selling of shares into the market continues to dilute shareholder value.
A 1/25 or even 1/50 doesn't do a damn thing when losses continue to mount for years to come. I've seen the result of R/Splits.
They work where net profits are perceived or visible. They fail when losses continue. This one only provided an opportunity for the company to dump share onto the market at higher prices. It does nothing to engender confidence that things are looking better.
They sold 70 million shares during the period ending 7/31. Seems to me they were desperate to raise cash to have sold them at such low prices. And as the report showed, nothing was gained. All of this while your value shrunk.
Much of the 300 mil in cash is " restricted" and can only be used for specific purposes. Best you understand that.
Only if you see one side of it.
Gross Profit versus Net Profit ( or Loss)
Notice how important Gross Profit becomes when it results in a net loss. All analysts see net losses continuing through 2029.
https://www.zoho.com/books/academy/accounting-principles/what-is-the-difference-between-gross-and-net-profit.html
Hiding? She's chomping at the bit to get to him. He's pulled out all the stops including " no mics". ABC said no mics. So Trump can't fumble out his words. He can't circle around answers. She'll nail him.
Remember fact check in the Biden debate. They caught him in 31 lies.
She'll chew him up and spit him out. He can run but he can't hide in this debate.
She'll be fully prepared while he'll garble out a lot of hot air.
The point is they're burning cash with nothing to show for it but losses.
Last year thru 7/31 2023, they had $70 mil more in cash then they do now. Check the report recently released.
Then ask, if they're so comfortable with their 300 mil cash position why the 500,000,000 add'l shares to sell?
Of all the reasons not to vote for that criminal,, that's the least important one in the minds of all Americans.
Here I totally agree.
Why anyone would put a man in the most powerful position in the world that's been found guilty of 34 felonies , has condoned and encouraged the Jan 6th attempt to overthrow our democracy, seek revenge if elected on those who oppose him, lied 31 times in the debate with Biden ( fact check),and praises Putin............. is beyond comprehension.
Now even some in his own party will not vote for him. Several have come out against him and the number is growing.
I'm not a big fan of the Liberal Mindset, so I'll "Hold my nose and Vote " for Kamala... as John McCains wife once said.
If he's elected, woe be the country.
In reply to yours, I'll answer it in the order it appears.
1) Yes; they'll be a vote. But I'll wager the votes will overwhelmingly be in favor of it. The weight of the votes will come from Institutions and they've followed FEW and FCEL all the way down the drain.
2) As at July 31st cash and cash Equivalenttotalled $336mil compared to $403.2 mil same period a year ago.That's a drop of almost $70,000,000 with only losses to show for it.
THEN it's no wonder that FEW is " focused on lowering our quarterly spending and cash burn"
And the whopper is-......" while pursuing financing to support commercial opportunities.
Translation- More debt through issuing Bonds or Bank borrowings. More dilution coming as they sell shares.
3) If Morningstar thinks $.44/sh is fairly valued and you accept that, then what can you be looking forward to. If you believe the stock will skyrocket,then I ask what evidence is there for such an expectation ... And please avoid "forward looking statements" built on hope.
4) Yes, small out outperform in a slowing economy as a group index. But not all small caps are equal. Some don't perform while others do better. the ones that do better are less dependent on plant and equipment orders... They're recession nsulated companies like , food and health stocks. Unlike FCEL who depends on orders for their equipment at a time when corporate belts are tightening.
So when you talk about small caps, be specific and offer reasons.
Your argument and reasoning is weak. Here's why:
1) They've already decided that there will be a R/S. Than means even if they get over a dollar and remain, they're still going to be a R/S.
2) The $300 million is cash being burned. That's why they have the dilutive 500,000,000 shares being used now. They've already admitted to have sold into the market a huge amount as of July 31st. Read the details of the report.
You point to their cash position. If that am't was stable, then why the dilution with those enormous am't of shares.
3) The sh/px reflects what is in the numbers. They have a negative value . One could argue that they're overpriced currently.. This given expectations that losses will continue through 2029. What px do you put on a company whose losses have been consecutive for 20 years and are expected to continue as far as the analysts see it.
4) When interest rates drop it means the economy overall is weakening. Business spending is reduced and government handouts become tougher to get due to reduced taxes coming in as the job market softens. Business spending is curtailed especially in investing in plant and equipment.
Better you look more closely at your inferences and stop looking for what you want to happen instead of the reality of what is happening. Then you won't be as disappointed.
It's going nowhere ! Occasional bounces are no more than an opportunity for smart traders to take profits and run.
Consecutive losses quarter after quarter, year after year. Expenses eating into cash forcing FCEL to sell shares to raise some thereby diluting shareholder value. Analysts research sees losses through 2029 continuing. That's 7 analysts.
And now a R/S is coming. Somewhere between 1/25 and 1/50 is likely. That'll give FCEL the opportunity to sell more shares into the momentary higher price . All while shareholder's count in markedly decimated .
They admit to have sold thousands of shares into the market in period ending 7/31. They'll be doing it again for sure.
Avoid the promotional SPIN. Stay with what's real.
1 for 10 is ridiculous almost as much as his other statements. Anywhere between a 1/25 and 1/50 is more likely ... even if the stock were reach over a buck. They MUST R/S in order to remain relevant.
No matter. All technicals and fundamentals remain poor.
The HOGWASH spin aint going to change a thing.
https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=FCEL&insttype=Stock
The stock hit an intraday high of $.47 and then got slammed on high selling volume ending the day where it started at $.41.
In reading the chart, it
s easy to see the trend continuing down. The DEAD CAT BOUNCE may well have had a short life as the stock shows the resumption of weakness.
Profit takers on the Bounce came in droves not giving any life to sustaining the gain. It was pure selling based n the volume on the downside." Manipulation" excusejust doesn't hold water..... not after the downside volume is in such evidence.
Congrats to the profit takers on the bounce and sell action.
Smart traders are scalping any small pop. That's not manipulation. Its taking profits when they can get them.
All the so-called good news that came out in the last year resulted in the market taking the stock down from $4.00 to $.40.
If that's what "good" news does, imagine what the bad news would bring.
what's being seen in a classic "DEAD CAT BOUNCE" from an Oversold condition. Once this unwinds its a sure bet the stock makes new lows.
The report came out. Nothing to get excited about. Revenues dropped again. Losses/sh increased..
Both were expected by the honest professional analysts.
Here's the justification:
Net Loss- ( $.07) vs (.06 )
Net Loss in dollars- $35.2 mil vs $23.6 mil
Revenue down 7%
You can't spin the facts. Neither can Few and his forward looking statements.
The world markets have a different opinion.
Who should I trust?
But doesn't that mean that the auto mfg's are moving in a different direction than that which FCEL's fuel cells can provide. Seems to me that auto market for FCEL just shrunk.