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What are Hydrogen Fuel Cell Class 8 Trucks & Nikola's Biggest Challenges
Cars and Culture with Jason Stein
30.7K subscribers
Posted Sep 23, 2024
Steve Girsky, CEO of Nikola Corporation, talks about some of Nikola's biggest challenges and why hydrogen fuel is a viable option for heavier vehicles.
Watch the FULL EPISODE here
" Sales outlook improving"? Expenses far beyond anything the improvement in sales will overcome.
Realize losses will continue through 2029 say the well thought out professionals.
Nothing wrong with hoping it gets to $1. or $1.50 if that's your goal. But for now, its only HOPE and no concrete reason to believe it will.
The R/S is going to kill your share holdings and the dilution from the 500,000,000 share additive will keep a lid on the price.
Yes, it was first announced in January, and I believe referenced in March 24 call and earnings report
Hog, great info, as always. I'm curious about any potential updates on the FuelCell Energy fuel cell part at the Naval Submarine Base in Groton Connecticut. Do you know if it's currently operating at full capacity of 7.4 MW, or still at the the initial reduced capacity of 6 MW? Is the Navy overall happy with its performance so far?
Link to PR when first commercially operational https://portal.ct.gov/oma/in-the-news/2023-news/long-awaited-fuel-cell-park-at-sub-base-becomes-commercially-operational-for-cmeec
"When it's finalized in the next few weeks, fcel will go far over $1- at least to $1.50 where it was before draft rules came out last dec."
i dont think fcel benefits that much from 45v...and any benefit is a long term thing...45v is not like hitting the lottery where you will get hordes of cash....other companies will benefit far more than fcel...they will rise nicely if the regulators make the changes to benefit business...fcel will mostly ride the wave...
"With a sales outlook improving 5x"
5 times "not much" is likely still not much...fcel still loses lots of money...and those losses are projected to continue...
theres a reason that fcel has dropped to 40 cents...theres a reason that Few wants to do a reverse split...clearly Few doesnt see the kind of improvement you are hoping for...maybe its best to see what Few is actually doing and try to figure out why...because he KNOWS what is coming and what he needs to do...and a r/s is a desperation move...
https://www.linkedin.com/posts/fuelcell-energy_it-was-a-privilege-to-speak-at-yesterday-activity-7244430158311342082-Heta?utm_source=share&utm_medium=member_android
HUUUGE from CA, 7 fold increase in investment the past 4 years and 8 fold investment from here needed by 2030
https://www.linkedin.com/posts/california-hydrogen-business-council_hydrogen-hydrogenprojects-decarbonization-activity-7244382582765678592-fWj8?utm_source=share&utm_medium=member_android
https://www.linkedin.com/posts/activity-7237576383961399298-Po8q?utm_source=share&utm_medium=member_android
6 hours ago, Mark Yamauchi from Toyota regarding Long Beach Tri generation.
https://www.linkedin.com/posts/mark-yamauchi-66878912_toyota-toyotaemployee-activity-7244345265648738304-eLgv?utm_source=share&utm_medium=member_android
Googled Fuel cell carbon capture in Canada. AI over view popped up! Copy
AI Overview
+7
FuelCell Energy's carbonate fuel cell technology can capture carbon dioxide while generating power, and is being used in several projects in Canada, including:
Scotford Upgrader
A pilot project is being developed to capture carbon from a process heater at the Scotford Upgrader near Edmonton, Alberta. The project is a joint venture between Athabasca Oil Sands Project, Canadian Natural Resources Limited (CNRL), Chevron Canada Limited, and Shell Canada Limited.
Oil sands extraction
A fuel cell power plant could capture about 28 million pounds of carbon dioxide each year while producing 8 million kilowatt hours of power.
FuelCell Energy's carbonate fuel cell technology works by:
Feeding exhaust flue gases from a coal or gas fired system into the cathode side of the fuel cell
Transferring the CO2 in the exhaust to the anode side, where it's more concentrated and easier to separate
Purifying the CO2 from the anode exhaust stream by chilling it to extract CO2 liquid
Transporting the purified CO2 by pipeline for enhanced oil recovery applications or underground storage
Well written and makes lots of sense. The only thing I would disagree with is on 45v. When it's finalized in the next few weeks, fcel will go far over $1- at least to $1.50 where it was before draft rules came out last dec. With a sales outlook improving 5x and 9 days of si why in the world would it only rally to 0.75, where it was in June?
" I don’t think that they will reverse split right away"
because?...what benefit is there to waiting?...many many investors are on the sideline just waiting...they will not buy until they know a reverse wont happen or, if the vote passes, until it is implemented...they know the pps will drop like a rock when the r/s happens so why would they buy before hand?...
the pps is in the doldrums and fcel, imo, keeps diluting for cash...even if fcel gets back to a buck or more, they will still want to r/s....they announced their desire for a r/s on Aug 20 and the vote will take place Oct 31...thats a long enough wait for something to happen...if nothing happens by halloween, i dont see fcel waiting a whole longer beyond that to what they know they have to do to remain compliant with Nasdaq....
there is a time line involved...they have till the beginning of Dec to get the pps up...theres no guarantee Nasdaq will provide them an extension...i suspect Few wont want to even ask for one...for anyone to think fcel can simply bide their time and be lackadaisical or kick the can down the road, i dont think thats the case...
"Has anyone here thought what would happen if the reverse split is not approved ?"
yea..i already posted on that...i said shareholders will lose money if Few r/s...and shareholders will lose money if they dont...
if the r/s happens, and there is no fundamental change in anything, shorts will jump all over it and short the crap out of fcel immediately after the r/s...and when i say immediately after, i mean within minutes.......if the r/s doesnt happen, fcel will drop down to the OTC and many investors will throw in the towel and take their losses...they have been waiting since $1.50 for the 45v to happen so they can sell a bit higher...now if the 45v happens, they will be lucky to get 75 cents...
as ive said a hundred times, if a stock is not doing what you thought it would and just continues to drop almost daily, that is NOT the time for patience...no matter what hedgehog says...that is the time to be VERY impatient...the time for patience is BEFORE you buy...i am one of those on the sidelines who have been waiting for the right time to buy...but if fcel r/s and gives me the perfect opportunity to short it instead, then i have no problem saying i will short the living snot out of it....
I voted NO on both . $FCEL
Well if the reverse is approved on October 31st then I will have to wait and see how the stocks behaves in 2024. I don’t think that they will reverse split right away so that is why I was saying sometime early in 2025 it most likely to R/S then ….unless there is a big catalyst that could move the PPS above $1.00 in the next 3 months.
Has anyone here thought what would happen if the reverse split is not approved ?
All in my opinion
For those who support FEW as a great CEO, now's the time to support him and vote "YES"
After all wasn't it Hogwash who kept posting how great he was.
Now his vote is NO. That's odd for such a supporter.
https://www.defenseworld.net/2024/09/21/bank-of-new-york-mellon-corp-acquires-114267-shares-of-fuelcell-energy-inc-nasdaqfcel.html
https://www.hydrogenfuelnews.com/investors-exxonmobil-hydrogen-hub/8567015/
https://www.linkedin.com/posts/fuelcell-energy_whw-activity-7242955698962149377-z9bZ?utm_source=share&utm_medium=member_android
https://www.linkedin.com/posts/activity-7237021342749929472-BS6_?utm_source=share&utm_medium=member_android
I voted no on both
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.
What's wrong with them is they are politicians. Only do what they think serves themselves.
Congress finally agreed and approved 45V law two years ago and Biden signed it.
Since then Biden- Harris illegally introduced new restrictions and has held tax credits hostage.
On the other side, Trump never said 'hydrogen' in 8 years. Now he finally talks about hydrogen cars, only to insanely say they are no good because they blow up.
WTF is wrong with these people?
I’m not worried now about a reverse split happening in the next 2-3 months. FCE has until end of May and most likely be sometime in February or March to do a r/s if it is approved on October 31st. By then I expect 2 things to happen that is very important one being the 45v credits and another rate cut. A possible new contract out of Europe and some ongoing business expansion in Korea and Toyota or even Exxon is very possible by EOY.
All in my opinion!
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.
Agreed. The shorting machine which brought it to present levels, isn't going away after the reverse. I was left with 24 shares after the last one, which eventually ended up under a dollar just before the Biden bump 4 years ago.
almost a year ago, shareholders voted to increase a/s by 500 mil shares...hedgehog and others stated this was necessary for fcel to grow, build, persevere and raise the pps...
well here we are a year later...43 cents and dilution has not helped one bit...
now facing a delisting from nasdaq, a r/s is being requested to avoid dropping down to the OTC...and quite possibly, oblivion....
without a r/s, shareholders will likely lose money...with a r/s, shareholders will likely lose money...
nice choice...
"Ever consider they're pushing for people to vote so they can get the votes in and prove to the SEC They requested a reverse split it was shot down and now they need to request an extension to which they expect to get the share price over $1 and back in compliance without doing the reverse split if given the extension? Or did you not consider that"
more reading comprehension issues?...
its not the SEC thats involved in the r/s...its NASDAQ...and no, i doubt anyone has ever considered your ridiculous suggestion...begging the nasdaq for an extension because your shareholders refused to allow a reverse split?...the stock has dropped to 43 cents....maybe a better way would be to fire your ceo for the utter incompetence that he has displayed and then hire a competent one....THEN ask for an extension...
did you ever consider THAT one?...
I voted against it as well. Historically, it seems that when a company executed a reverse split, it goes down another 25-50% in the couple weeks after, further killing shareholder value. Time for this “Powerhouse Plan” they have been pumping for a few years to actually show some power.
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.
Hog, I voted against the RS. Is it also your recommendation to vote against it?
Talk about reading comprehension…
When plug announced they were selling equipment to raise cash and you thought that was just wonderful?…
It wasn’t…and investors with good reading comprehension knew that…
Ever consider they're pushing for people to vote so they can get the votes in and prove to the SEC They requested a reverse split it was shot down and now they need to request an extension to which they expect to get the share price over $1 and back in compliance without doing the reverse split if given the extension? Or did you not consider that
Why does them asking for a reverse split mean game over? If you've read my post I'm not worried about the reverse split more than I am politics and time. There's no stopping this company They will prosper in a big way patient long-term investors will also. It's imminent. I certainly don't want the Republicans to end up interfering with the IRA. However as stated numerous times FCE is well established worldwide. The globe is committed to our technologies and so Are California and Connecticut. Anyone not seeing that is not doing their diligence or lacks sufficient breeding comprehension skills.
How many times are they going to announce the opening of this single hydrogen truck stop?…
They already announced it was open and operating on Aug 12…
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.
Hydrogen News: LA Welcomes New Refueling Station!
Hydrogen News
22.4K subscribers
Posted Sep 16, 2024
Tom’s Truck Center has made a groundbreaking move by opening the first hydrogen refueling station onsite at a commercial truck dealership. This significant event took place at their Santa Fe Springs location in Los Angeles County, marking an important milestone in California’s push towards a hydrogen-powered future. Strategically situated along Highway 5, one of the nation’s busiest corridors, this new station is part of the Nikola HYLA network and aims to support the transition to cleaner, zero-emission heavy goods transportation.
Look in your email box. Gulp. Company is pushing for a reverse split 1:30. Game over yet again.
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 ?
I see we didn't get an invite to the market party.
"That's very good news"
oh yea!...when a company starts selling off its equipment for cash to keep its head above water, its always "very good news"...
SMGDH
That's very good news I imagine a fuel cell got $40 plus million That might help the share price. Is it plug burning over $100 million a quarter?
big financing news, an immediate $40M+ cash from sale/leasing deal on their hydrogen liquefaction/storage equipment.
Plug just ended up with 523,000 shares traded at 7.55am, it was under 100,000 15-20 minutes ago?
well there was the long anticipated big cut to the interest rate...the one that was supposed to be so good for fcel...down 4%....smh
Two words for this company is all you need to know
Reverse split
It’s coming for you
2 reasons contributing to the difference today vs yesterday when FCEL was the biggest gainer by far.
Motley Fool posting INACCURATE info, $120M cash and burning $250M per year. BOTH numbers are wrong! This is posted in at least 3 different articles by MF
https://www.fool.com/investing/2024/09/17/why-fuelcell-energy-stock-jumped-9-today/
Plug on the other hand resolved SEC settlement requirements and avoided $5M in potential additional fees/fines as result.
https://www.google.com/url?rct=j&sa=t&url=https://www.timesunion.com/business/article/plug-power-completes-accounting-fixes-sec-19770680.php&ct=ga&cd=CAEYBSoTNjg5OTc3MDA2NjY1MDk2ODI2MTIaM2Y2YzEyOGYyMzM0YTgyODpjb206ZW46VVM&usg=AOvVaw0Y1wMiG7DrdYDWsHzwLV6o
"Anyone here ever run a company trying to break into a long standing market? Or manage finances for $200M company? "
only CEO's can offer up criticism of a CEO's inept and poor performance?...SMH
ive never played in the NFL but i know a shitty quarterback when i see one...when a QB cant run or throw and has crappy stats, hes just a shitty QB...
Few is a shitty CEO...
Exxonmobil States expected 45V by year end
https://d1io3yog0oux5.cloudfront.net/_78ac4d69382c9a54dca877406a8ec6ae/exxonmobil/db/2260/22305/presentation/XOM+Barclays+Slides+-+Final+for+Website+9.5.24.pdf
" Maybe Few should kick the Fed where it counts, or something!"
Few should be kicking a can down the road...I have been saying that since 20 bucks a share...and you have been singing his praises forever...and now the pps is 50 cents facing a delisting and needing a dreaded r/s and you STILL think hes awesome...
SMGDH
Didn't hold $.50 either, very disappointed, but it did spike when .50 cut was announced. Maybe Few should kick the Fed where it counts, or something! This isn't a few things, just like being under $1. Unless someone knows specifically some he did or did not do that hurt the company, give it a break. I've already listed a variety of things he/they did do to improve the company and technicals. Anyone here ever run a company trying to break into a long standing market? Or manage finances for $200M company? Or have to deal with major local and Federal red tape? C'mon, get real. He's the reason Zacks gave upgrade based on technicals. They don't control the market. Does anyone know for fact what his responsibility is to be in or regain compliance with NASDAQ. Are they required to take any and all possible steps to regain compliance (like propose a RS)? I'm relatively certain that IS the case. If they don't go through the motions I'm sure it would effect if not prevent them from being granted an extension to regain minimum bid requirements.
Hydrogen pushing forward daily, including streamlining the process
Just click click on all of the links yourself instead of me posting each link.
https://tdevbseab.cc.rs6.net/tn.jsp?f=001MmCbsvPsmf8lFsJkx1h08mgbkZXbFNglAhtdgecMxKo623YRhbUzMLFEpxWRf-rU2WIjbPRZC44p0jNGndKjkYpcjXyZT0M7ig_d_vVQwag36j1o8usAZCumt6xFjot1_6Lj42GDzv1yit_TYuSqa9mGlMULil8mRezYAGZKu8xFcIdib5Lj20mI5U4MIvjCJs-uQG3RVLfv1NJ2H0A34g==&c=pS4D0HJMdMYOSSWS-nqrGgdJyPI1ENy-GgTVFq0ob85e1l1-cTJQYg==&ch=TUt_if5FWd0UBcW3A32coM9r8343QJo8dyEPsvF4F7x6pheBKdpG7A==
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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