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Nothing to brag about obviously, But on the bright side, We declined the lowest today of the Big four fuel cell stocks. And plug was down over 10% once again. Awful tough to go green when that happens.
BE -5%. BLDP -4.8% FCEL -3.9%. Right on average volume, which is relatively low, which is normal in times of decline. When the share price bumps back up over 15 million a day the stock will be rising. PLUG will likely get a bigger pop up too after declining so dramatically in such a short period. Maybe not though, But we at least need to see a temporary floor on PLUG which is in free fall.
Join us and @MarkFeasel with @FuelCell this Wednesday for a brief and unique update: https://t.co/Ueq8iO51WO pic.twitter.com/XXGTFg3iIC
— CenturionTechLLC (@CenturionTecLLC) January 15, 2024
Short Interest increased in December, I'm sure partly due to the significant gains in a short period. But look at the institutional buying which is now up to 48% of the stock. Not a lot of shares going to be left for the day traders and swingers to play with. I'm sure long-term investors, officers and employees of the company own at least 7%, grand total of locked in shares at 55% minimum. My guess is there's just about 200 million shares available for trading. From weak hands, shorts, swingers and day traders.
https://www.marketbeat.com/instant-alerts/nasdaq-fcel-options-data-report-2024-01-15/
https://endeavor.omeclk.com/portal/wts/ug%5Ec%7C9ehsgmqe%7C%5ETnajCDQ%5E-ehjSrykEbe83aF0CnngneesjPcEF2PPyPqr%7CCqkBEOtr9ra
1st, I'm sure Drax is working with and has worked with at least several different options at Carbon capture. Although I heard from reliable sources after our project with them, They were still very interested in working with fuelcell energy. I saw nothing indicating it was or wasn't FCE.
2nd, Yes there is some resistance towards any type of carbon capture with the main complaint being it promotes continued use of creating carbon just to capture. Plenty of scientific evidence proving carbon capture does reduce CO2 emissions and with FCE significantly minimizes other pollutants.
I posted this primarily as another example of the growing level of acceptance and promotion of our technologies from the powers to be. There is no stopping the growth of carbon capture or the use of hydrogen primarily through fuel cells. The entire world is almost at full steam ahead on both of them. One big issue policymakers are working on and have been working on, is the best and quickest way to expedite getting projects moving forward and getting the money's distributed efficiently. With the election upcoming it could do one of two things. It could expedite the Democrats push to get those things resolved, or, it could make that push take a backseat to the election. We know big oil needs carbon capture, And we know some politicians if not most, need the support of big oil. In my opinion no matter what happens carbon capture will prosper not only in the United States but globally. I believe FCE has not been urgently pushing the matter with ramping up production and building the new 400 megawatt manufacturing plant in the United States partly due to wanting all of that BS to be resolved. Being able to manufacture 400 megawatts right now would be a moot point. We're being ready to do so in 1-2 years makes much more sense to me. But what do I know, That's just my rational thought process unless somebody can show me something differently. If we needed to be able to produce 400 megawatts a year right now then none of the fuel cell companies would be at the price level they are at. They would be much higher, Even though our max capacity right now is probably only around 45 megawatts MCFC and less than 40 megawatts SOFC.
https://mailchi.mp/eddfefcd5258/have-you-received-these-ira-incentives-9411334
https://email.fuelcellenergy.com/e3t/Ctc/ZV+113/d2sZPs04/VVv_-54_HzLFW4QQLgT9dTWryW4Rs6st58nTLlN3rtP7-3qgyTW95jsWP6lZ3kDW54-5B2717YsyN2D2JcTk3mFyW7KdWg59kSY-vW7GmFC14Vhf_NN7bFMZ5xb1DJN8DpxTwl6Qm8W4qm2Cj21lM9rW4ZDWt58CPvmHW43hTph2bYPdxW8KFK317c8yGfW1WYZlR3sNXGjW6lYzX-5GKgw9VrSrpy7P-PkGW69tD792bwZ-WW5yM6y859QNLYW5nHLS19k9KtqW5Qc1_t6pwjb8W789gNY9fxbfSW8HM4R-2xxGbYW4t3b4s1-v5MSW2KL7gp81ZCVPW5ZydbG89Z9XpW84xWyr771b_WW6_XfL121BxQLW2d_S2L24b25nN4NfpVrZSJVyW7P80yy7QdYsWW6pXkgg9lP_F-W3zQ3Xf2kH2BPVytkmS75yd74f97mhvj04
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https://www.google.com/url?rct=j&sa=t&url=https://finance.yahoo.com/news/solid-oxide-fuel-cell-market-133000737.html&ct=ga&cd=CAEYACoTNTA2MjAzMjg2NDczMjc0MjUyMjIaM2Y2YzEyOGYyMzM0YTgyODpjb206ZW46VVM&usg=AOvVaw17IoFBqwHETV8shQl7Iunc
https://www.google.com/url?rct=j&sa=t&url=https://www.imeche.org/news/news-article/hydrogen-trucks-could-boost-ageing-grids-with-clean-energy-during-rush-hour&ct=ga&cd=CAEYASoTNTA2MjAzMjg2NDczMjc0MjUyMjIaM2Y2YzEyOGYyMzM0YTgyODpjb206ZW46VVM&usg=AOvVaw2HU2UGqgEswkrGSxIGSvOQ
Holy Schmoley, Plug down 7+% again. Bloom down 4+% Ballard - 2+% and FCEL down fractionally! If we stay even close to even that would be a major success.
Combine this
https://www.prnewswire.com/news-releases/fuelcell-energy-and-toyota-announce-completion-of-worlds-first-tri-gen-production-system-301920165.html
And this
https://s21.q4cdn.com/256256048/files/doc_news/ExxonMobil-to-Build-CCS-Pilot-Plant-with-FuelCell-EnergyUsing-Carbonate-Fuel-Cell-Technology-2023.pdf
And this
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://investor.fce.com/press-releases/press-release-details/2023/FuelCell-Energy-Closes-Tax-Equity-Financings-with-Group-1001-and-Franklin-Park-forTri-gen-Project-and-Derby-Connecticut-Fuel-Cell-Park/default.aspx&ved=2ahUKEwjrpZy0vt2DAxXmFVkFHaCYBvUQFnoECBAQAQ&usg=AOvVaw1yoRLrvUf8B27HMjM0fvaR
And you get a whole lot more than $1.50 a share let alone $1.20!
Combine hundreds of patents for their diverse advanced technologies in significantly growing demand. The patents alone are worth more than a $1.50 a share. Ridiculous!!!! TICK TOCK
Yet no potential value is considered in the share price as of yet.
https://www.thecooldown.com/green-business/exxon-mobil-air-pollution-fuel-cell-energy/
Drax BECCS in Texas and looking at other options in the US
https://www.drax.com/us/press_release/drax-selects-houston-texas-as-headquarters-for-bioenergy-carbon-capture-business/
Plug is getting slammed again down over 5% and that's not good. At this point, unless they find support it would be a miracle for us to hold yesterday's close, which is very important for the short term.
Plug down 7% after being down over 4% yesterday with analyst downgrade today. Ouch! I'll gladly take down three or four percent today after that debacle. First is going concern drop then the downgrade drop. How much are they down since the day before that going concern was issued. Bummer.
Fact, We hit $20 in 2021
Fact, We won the lawsuit against Posco, already resulting in substantial revenue.
Opinion, plenty more revenue to come from South Korea
Fact, We have the project at porthos with ExxonMobil
Fact, Toyota Tri-Generation is up and running
Fact Derby is operational and was so before your end.
The fact is I could keep going about the things I was correct about. I just happened to be one who's very specifically identifies items and targets. Anyone that's not an insider, and even insiders as we have seen, are going to be wrong, especially when they are a specific as I. And I'm okay with that. I could just make a blanket statement and say at some point in the future the share price is going to be well over $100. That could be 10 years from now, I believe it's going to happen in a small fraction of that. You can express your opinion but in this case you're clearly wrong wrong wrong
Jump in volume this morning to 105, 000 shares traded at 8:40 a.m. suggests to me today will be interesting. We may have consolidation in a drop to the 120s, ($1.25 base support) Then a pop in the afternoon or tomorrow, or it may just pop today without dipping down. We'll find out how accurate that is by 10:00 a.m. tomorrow.
Bears & Bulls alike can debate all they want. Facts are indisputable. FCE has abundant opportunities right now with growing monetary policy support in excess of $1T globally for their diverse patented advanced technologies. FCE is the global leader in research with government entities. The following is clear proof of 1 segment gaining traction fast with massive growth potential, targeted for 2026 as repeatedly referenced by several entities. In 2027 the Share price will have long surpassed $100! TICK TOCK!!!
Idaho national Labs
https://inl.gov/integrated-energy/a-step-closer-to-clean-hydrogen/
Read carefully, then re-read, 200MW with FCE by 2026
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.energy.gov/ne/articles/fuelcell-energy-inc-abstract&ved=2ahUKEwiBwqH2stSDAxXnF1kFHVG8Ai8QFnoECBkQAQ&usg=AOvVaw3mkpMJ8DlGcTqBDxBgqlxX
https://s21.q4cdn.com/256256048/files/doc_news/FuelCell-Energy-Announces-Solid-Oxide-Electrolysis-and-Fuel-Cell-Platform-to-Improve-Control-and-Flexibility-of-Energy-Investments-2022.pdf
https://nuscale-prod-pbpdt9uqe-nuscale-power.vercel.app/en/news/press-releases/2022/nuscale-power-signs-research-collaboration-agreement-for-clean-hydrogen-production
https://world-nuclear-news.org/Articles/USA-Ukraine-announce-cooperation-on-clean-fuels-fr
https://inl.gov/integrated-energy/finally-an-industrial-scale-facility-for-testing-new-clean-hydrogen-technologies/
https://s21.q4cdn.com/256256048/files/doc_news/FuelCell-Energy-Electrolyzer-to-be-used-in-UK-Hydrogen-and-Nuclear-Study-2023.pdf
very interesting! Plug bloom and Ballard are all above average volume on the day The latter two have already surpassed average daily volume. And plug power should any moment. Fuel all is at half the average daily volume. Over the last week while fuel cell was declining so was the volume. Just as today although we are teetering on turning green. Plug is down well over 4% Ballard well over 2% and bloom is slightly in the green. We all know my opinion about how volume relates to the strength in the move. FCE upward movement always comes on increased volume. At least the market is looking stable today. My reiterated confident opinion is that as long as the market maintains neutral to bullish stance we will prosper.
very interesting! Plug bloom and Ballard are all above average volume on the day The latter two have already surpassed average daily volume. And plug power should any moment. Fuel all is at half the average daily volume. Over the last week while fuel cell was declining so was the volume. Just as today although we are teetering on turning green. Plug is down well over 4% Ballard well over 2% and bloom is slightly in the green. We all know my opinion about how volume relates to the strength in the move. FCE upward movement always comes on increased volume. At least the market is looking stable today. My reiterated confident opinion is that as long as the market maintains neutral to bullish stance we will prosper.
That's funny. Fuel cell truck are a go, and they mention 2 reasons and not time to refuel.
https://www.google.com/url?rct=j&sa=t&url=https://cleantechnica.com/2024/01/09/hydrogen-fuel-cell-electric-trucks-japan-eu-us/&ct=ga&cd=CAEYASoTNTAxNTcwNDk5NTc5NzkyMDM0NzIaM2Y2YzEyOGYyMzM0YTgyODpjb206ZW46VVM&usg=AOvVaw0hC3s6numWhCsV4bNUUr1k
Obviously not a lot to be excited about for bears or bulls at the moment, but, looking at everything, this week is huge. The 1 day chart is usually meaningless, but if we close over $1.40 that accomplishes several things. 1) obviously today worked out well despite a rocky day in the market. 2) although the 5 day chart looks terrible, the stock is ++ over the past month and the 1 month chart is still in tact, if we close and stay over $1.40 this week. 3) We stay over what I see as the newly established support level from when the PORTHOS project was announced. So C'mon $1.41
Energy Research Center in UK. Read carefully. Only manufacturer! And this was after FEED project with Drax.
https://terc.ac.uk/news-events/advanced-molten-carbonate-fuel-cell-research-rig-unique-in-the-uk-arrives-at-the-translational-energy-research-centre/
Extension of research based on success!
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://bidstats.uk/tenders/2023/W14/795934728&ved=2ahUKEwil7sGTis-DAxUdEVkFHXUKAnsQFnoECBIQAQ&usg=AOvVaw14rF7DKq347eMWlLOoB04X
The funding for the fuel cell Front End Engineering Design (FEED) study at Drax was secured through the government’s CCUD Phase 2 competition.
The FuelCell system captures up to 85 tonnes of CO2 per day while generating additional power.
The fuel cell runs on natural gas which creates additional CO2 emissions – these are also captured during the process. It will also destroy up to 70% of the NOx emissions from Drax’s flue gases.
FCE’s carbonate fuel cell is modular, and this demonstration project will utilise two standard fuel cell modules similar to FCE’s SureSource3000 commercial power generation system.
Drax Power Station is the single largest user of sustainable biomass for power in the world – around 75% of the electricity it produces is renewable, enough to power four million households.
Biomass, such as sustainably sourced compressed wood pellets, is a renewable fuel – the CO2 captured when it grew is equal to the emissions it releases when used to generate electricity so it does not contribute new carbon to the biosphere. When coupled with CCS, the overall process of biomass electricity generation removes more CO2 from the atmosphere than it releases – delivering negative emissions.
The government’s Clean Growth Strategy identified ‘sustainable biomass power stations used in tandem with CCUS technology’ as a potential route to achieving long-term decarbonisation between now and 2050.
Drax is already capturing a tonne of CO2 from its first BECCS pilot project – the first of its kind in the world, using an organic solvent developed by Leeds University spin out C-Capture.
Drax announced in May it had signed a memorandum of understanding with Equinor and National Grid Ventures. The three energy companies will work together to explore how a large-scale carbon capture usage and storage (CCUS) network and a hydrogen production facility could be constructed in the Humber in the mid-2020s.
Drax is also working with Deep Branch Biotechnology to utilise the carbon captured at Drax power station. The pilot project will create protein from the carbon, which can be used as sustainable animal feed.
There are other markets which Drax expects to provide significant opportunities such as using the CO2 captured in the creation of synthetic fuels which could help other hard to decarbonise sectors like aviation to reduce emissions.
There's 1 relationship that may not go anywhere, but if you listen to the Q4 call, they are currently working with 2 other nuclear companies.
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.oregonlive.com/business/2024/01/portland-nuclear-power-company-nuscale-will-lay-off-40-of-its-staff-report-says.html%3FoutputType%3Damp&ved=2ahUKEwjx7NmXg82DAxWRF2IAHRMUBMwQFnoECBMQAQ&usg=AOvVaw1yrhof2swMPF24PS_fpdPt
The US Military will factually be increasing Fuel cell usage!
https://modernbattlespace.com/2024/01/03/fueling-the-future-how-fuel-cells-can-revolutionize-military-operations/
Look at this projection
https://www.google.com/url?rct=j&sa=t&url=https://finance.yahoo.com/news/hydrogen-market-size-achieve-us-150000863.html&ct=ga&cd=CAEYBioTNjA5NzIxNzEzMDA4OTAwNTQ0ODIaM2Y2YzEyOGYyMzM0YTgyODpjb206ZW46VVM&usg=AOvVaw1SeqRPNYMJV3RWRmTI2ZRg
Carbon Capture highlights from COP28
https://www.globalccsinstitute.com/wp-content/uploads/2023/12/SIX-KEY-COP28-OUTCOMES-FOR-CCS_Final-1.pdf
Original loan/material definitive agreement, no penalties, just changed time frames
https://www.sec.gov/ix?doc=/Archives/edgar/data/886128/000110465923064371/tm2316597d1_8k.htm
Exactly as I stated. The market was strong this morning and I was hoping it would hold up through the day, But unfortunately it didn't. Although the NASDAQ was down more than 1/2%, fuelcell still held support. Really hoping all major indexes show some sort of strength tomorrow. Again, fundamentals and financials are all solid. We just need market confidence.
Example of the size and scope of what's going on just with carbon capture. We already know the US is investing over 7 billion In hydrogen hubs alone. This is one startup company receiving big bucks from Canada whom is moving aggressively with carbon capture. Including with FCE. We can and will easily see similar investments. This year!
https://www.linkedin.com/posts/carbon-capture-canada_canada-pumps-200m-into-carbon-capture-startup-activity-7148357370304225280-eLEh?utm_source=share&utm_medium=member_android
Announcement Title
Estimated Total Federal Funding
Closing Date
Request for Information: Growing Carbon Management Education Capacity as Minority Servicing Institutions through the FECM University Training and Research Program
N/A
1/5/24
Enabling a Reduced Carbon Footprint for Oil Production: CO2 Storage Field Test Sites in Unconventional Reservoirs
$23.2 M
1/29/24
Regional Initiative for Technical Assistance Partnerships Funding Opportunity
$40 M
1/30/24
Request for Information: Carbon Basin Assessment and Storage Evaluation (CarbonBASE)
N/A
2/2/24
Carbon Storage Validation and Testing: Carbon Storage Assurance Facility Enterprise (CarbonSAFE): Phases II, III, III.5, and IV
$2.25 B
2/20/24
Lab Call: Core Laboratory Infrastructure for Market Readiness (CLIMR)
$44 M
3/14/24
Carbon Utilization Procurement Grants
$100 M
4/30/24
Notice of Intent: Clean Fuels & Products Shot: Supporting Carbon Utilization Products via Electrochemical Conversion and Refinery Retrofitting
N/A
N/A
Highly advised reading entire link and listening to the video. Don't even need to open up the pages unless you really want to be informed. 6 minute video says tons. Look at the US patents and international, along with pending. It's all protected technology. Bears will have you focus on the fact they are not profitable after being in business for so long. The fact is they are still in business and they're just on the cusp of prospering. They've been doing this research and development long before the world accepted the need. We are now finally ready to rock and roll.
https://www.fuelcellenergy.com/
Anybody remember how I said we were going to win the lawsuit against Posco, repeatedly, and coming into the last 2 months of the year, I stated there I thought there was a high likelihood We get that news before the end of the year, ding ding ding I believe it was December 27th! I humbly acknowledge I'm more often wrong than right, when you make very specific statements like I do that's bound to happen. My time frames have been off but a very high percentage of the things I suggested have happened. I'm extremely confident we get some sort of a positive update regarding contracts or MOUs, before January 31st.
We got exactly what I was hoping for this morning, market stability. The company's fundamentals and financials are in excellent position. Zero concern about them having enough money for operations or executing on their plan, and zero concern about the demand or need for their technology. They have an array of proven patented advanced technologies and alliances with the most important partners including the Department of Energy the Department of defense California Connecticut Canada South Korea was several locations in other countries. So they have diversifications in location, partnerships, and technologies They are not reliant on any one or two things at all in any area. In a stable market shareholders will be rewarded.
EERE funding opportunities announced and to be announced!
https://eere-exchange.energy.gov/Default.aspx#FoaIdf30521b2-f38e-4525-a8d7-5c68602063b7
Now that we got that BS out of our system, meaning the market, We can breeze past that $1.84 Mark. Given the entire market is not declining into next week I say we get through by next Friday at the latest. That would keep the charts intact for a bull run. Ideal timing for a great PR would be once the market shows positive momentum.
Look at the chart and news simultaneously. Tax Equity deal reinforced financial stability. Stock shows strength related. ExxonMobil project at PORTHOS final investment decision announcement, followed by a per share earnings beat even with lower revenue, Share price shows further strength. Solid floor at $1.20 with current support at $1.48, potential dip to $1.44, well over previous resistance level as of 1 month ago. Pop up to $1.66 yesterday even in the face of a questionable market. Market still Shakey with all major indexes down substantially. Market rebound this afternoon will result in a green day, as long as markets are moving up closer to yesterday's close than the days lows. Either way, those support levels are strong. S&P WAY over 200 day MA.
The recent high came off of a $1.45. be off from I used to see a bounce without going below there. There's no reason for it to go any lower other than shorts and players throwing around money to try to make it do so. Fundamentals are all in place. Potential has shot through the roof over the last 2 years and the stock has not shown any of that. It truly a matter of time hence TICK TOCK, what time has to be very near. The official Exxon Mobil announcement certainly should have put a bottom in, But when the announcement came out it was lower. The lower goes the more ferocious the bounce is going to be. We will at least get back to the $1.84 level for another test of resistance although the 200-day moving average is going lower as we speak. Which means at some point it will blow past the 200-day moving average and start targeting the 52-week high which is also moving lower and why I suggest we are at new 52 week highs by the end of March. Easily.
I see you're an optimist. It's pre-market not even 9:00 NASDAQ projections are only down 88. Could be green by the open or could be worse but what happens throughout the afternoon is the most important thing. And although fuel cell will tend to follow ultimately, on a daily basis they deviate often. Since fuel cell is undervalued significantly in reality given their current assets and current debt, with even the littlest potential benefit from over a trillion dollars of monetary policy support worldwide, We will likely be more beneficial than the NASDAQ overall. Of course that's just my humble opinion, We just need to hope the overall market doesn't crash. And as of right now all the fuel cell stocks are slightly in the red, but FCE is doing better than plug and bloom. But again pre-market doesn't mean nearly as much as the open market and again this afternoon is more important than any part of the day.
I see you're an optimist. It's pre-market not even 9:00 NASDAQ projections are only down 88. Could be green by the open or could be worse but what happens throughout the afternoon is the most important thing. And although fuel cell will tend to follow ultimately, on a daily basis they deviate often. Since fuel cell is undervalued significantly in reality given their current assets and current debt, with even the littlest potential benefit from over a trillion dollars of monetary policy support worldwide, We will likely be more beneficial than the NASDAQ overall. Of course that's just my humble opinion, We just need to hope the overall market doesn't crash
NASDAQ appears to have had a very strong performance as of recent. Not shocking there's a little skimming off the top which parallels FCEL. One day and 5 day look pretty bad but the one month chart still looks really good. If it declines throughout the week it might not look so good but I don't think that will happen.