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No triangle Street is a 3.7 megawatt plant that was approved for power to be sold in early May. Rumor has it they're trying to put together some sort of a deal on it but until they finalize the deal they were given permission to sell power directly as the single off taker at current market prices.
All I can tell you Max is that they have approval from the Federal Energy regulation committee to sell electricity direct at current fair market value as of early May. It was a letter responding to a request from their representing attorney. And it wasn't Jennifer. I can try to look for it tomorrow but I may need a reminder I'm swamped at work right now. I know I posted it several times. And when I did the math trying to figure out what their generation portfolio would be I came up with right about what they got for Generation portfolio including about two and a half months from triangle Street and two and a half months from Bridgeport. Of course that was guessing triangle Street because we don't know what the income is going to be. I based it on a similar income as Bridgeport per megawatt. So I figured somewhere around a million dollars maybe slightly under.
I have posted it on here several times or at least I know I have on stocktwits and on Yahoo finance. Fuel cell was able to start charging fair market Price as of May 8th or May 12th to sell the electricity themselves from triangle Street. it's my understanding there trying to get a power purchase agreement or possibly do a sale to bring in some big cash. Time will tell but we should have answers in 4-7 weeks. Obviously the sooner the better.
Let's not get off course first things first. They need to finish Tulare, get a sale or an agreement on triangle Street, and complete the next couple stages of the Groton project on time. Those are the priorities and we will have updates on several occasions in September with new deadlines being September 28th and September 30th. I have no doubt whatsoever by the end of the fiscal year the company has righted the course, the serious doubt about the company's ability to continue as a going concern is no longer, and after that has happened Fisher-Price soars to three or four dollars quickly. Mr. Few will keep them on track. Hopefully we get news weekly to maintain the momentum. I'm guessing at least one more news update or possibly even a conference call this week.
Over 22 million dollars for Q3 and decreased operating cost by over 3 million positive ebitda for the quarter. $0.60 easy today.
Thanks, good find. Combats those negative comments that are saying posco wants nothing to do with us.
Someone said Few could make this company have a $1 billion market cap. That will happen by year end. That's only $5-$6.
Wait til he gets back on CNBC to talk about FCELs turn around story, let's say early 2020? That's the kind of stuff that pushes $10 like Plug in 2014.
Must listen to this Ytube video where our fearless leader says makes a "Few" comments.
comments! Some not only do "not" make sense, but are obviously made without any diligence or intelligent thought. Can't have sold 80 million shares. If individuals or groups are going to make up slander, at least have it be possible. They only have $23.3 million ATM available. Even at only $.32 which was the lowest price in recent times (which they would not sell at) they couldn't sell 80 million shares. The could have sold 72 million at most which put them around 198 million. In millions that's 35 less than Ballard and 54 less than Plug. BLDP market cap is $1.1Billion and Plug $569 million. If FCEL lands in the middle $792 that's $4 at 198 million shares. My guess is they still only have 125.9 because there's not an immediate need. They have news they know will push the next resistance level of $.80 and will (if needed) sell more at the Apex of next big move up. Q3 will beat Zacks estimate ($16 something) handily. Should be over $20 million, hopefully $24. And, hopefully combined with no further doubt about the going concern. This coming week is huge.
Copied from a post by someone else on stocktwits today must watch video
Lol, where's the link and what time do they release that? Liar!
"NO CONFIRMED EARNINGS REPORT DATE"
Scroll down to service and licensing income. Posco ceased production basically over a year ago. We have had revenue from posco but very little relatively speaking. They should be up and running at 50 megawatts I'm hoping this year. Which means not only will we pick up Revenue from service and replacement stacks but from new sales also. I'm certain the news will be well known before the end of the year. Losing South Korea was the beginning of the demise of the share price. Then toxic financing started to kick in and it just kept going from there. It's a whole new world now. Don't get me wrong it may take a month or two for this just sank in but it will.
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.sec.gov/Archives/edgar/data/886128/000156459018000401/fcel-10k_20171031.htm&ved=2ahUKEwjxkcjYjLXkAhUnSN8KHV4aDBAQFjACegQIBRAC&usg=AOvVaw3G9bkXJKMVcZ1J5ffKnOfk&cshid=1567529478012
One more time we will review the facts and I will state my opinion. The facts are we have added Bridgeport which is over 15 million dollars a year or about 3.8 million per qtr. They have also added triangle Street as of May 12th. No one knows exactly what the revenue was going to be from that but if we parallel Bridgeport, that should be around $4 million per year or $1 million per qtr. They missed about to 13th of the month on both projects. So we will call the revenue from triangle Street 850,000, and the revenue from Bridgeport about $3,100,000. $3.950,000 combined and an average of about $1.8 from the previous existing gen portfolio. Total $5.75 million add $10 from XOM. As I stated previously around $16 mil. How much from advanced tech and service and maintenance is the question. I'm certainly be the low and estimate and Zacks estimate. I'm guessing we be 20 million and it would be great if we beat the high-end estimate of 25.
Okay get ready folks this earnings is going to be a big tell. this should be the kick-start and it should just continue going after this. I'm thinking the high-end estimate of 25 million is probably pretty close. If we beat that the stock breaks $.80 no problem. The only reason I don't say $1 is because they still have to remove the going concern which they may do as well when they announce earnings.
https://www.google.com/url?sa=t&source=web&rct=j&url=https://sundanceherald.com/2019/08/30/fuelcell-energy-inc-nasdaqfcel-receives-consensus-recommendation-of-hold-from-brokerages.html/amp&ved=2ahUKEwiS5JWe5K7kAhVnvlkKHYxIDN0Q0PADMAF6BAgFEAo&usg=AOvVaw1lwyqQXSNi0Sc_InIm47Q1&cf=1
This is going to be big. Extra revenue (3%) for doing nothing just for licensing. But they make more if they have to provide the cells.
https://fuelcellsworks.com/news/south-korea-posco-energy-signs-fuel-cell-agreement-with-gyeonggi-green-energy/
Thanks Max
I hope everyone has a nice relaxing holiday weekend.
Amen, very nicely said. They only need one or two things to kick-start the process as far as getting recognition and the share price climbing significantly. we could get any sort of business in South Korea that would be one of the biggest and sustaining issues. They could get a carbon capture project or a try generation project of any significant size. Or they could just complete a couple of projects that have not been announced as completed yet although one of them is complete. They could get a big investor or they could get a new capitalization financing deal that resolves all of their immediate financial concerns. Any one of those would boost the share price over the same valuation is Plug Power. which would mean almost an immediate thousand percent game for any investors.
Good luck with the storm I'll say a prayer for you. No he was not an employee he was a board member only. And definitely not involved in day-to-day operations. Should have been brought a breast on at least a monthly basis of the status of the company and probably was one of the most inquisitive on the board. there may have certainly been a thought of him being a potential leader in the future by the time they decided to release chip. Don't forget some of chips ideas we're good although he was not a good leader and did not research or know enough about what he needed to do to make sure the company did not end up in this situation. In other words he was ignorant they had the wrong person at the helm. Now I believe they have the right person at the helm and the company will not only be fine but they will prosper substantially within the next year. For now all they need to do is prove that they have no problem with funding operations for the next year. Which means all of their immediate debt issues will be resolved. It also means they will have plenty of money to start executing the backlog. Which in turn means they will be profitable in 2020. I'm certain you all recognize some people change their stance on occasion from extremely negative to positive. In the mental health field that would be called bipolar. In the financial Field the way it's happened that would just be considered day trading.
Just Google hydrospider. It's not FCEL
Blasting permission was granted and complete quickly. These units weight tons and need to be prepped, sited then completed, then hooked up etc. You'll see
I concur and hope one thing they implement soon is a policy on updates to investors. I have suggested a monthly news letter many times in emails to Mr. Gelston
Yes, I know the date of the article, and wasn't trying to imply it was new. I was posting because of the efficiency of the past projects and the fact that they have a current project ready to be commissioned.
Market, or Zac's, expecting $16-$17 million, We will top $20, but getting Hercules and NRG paid and staying under 200 million shares is more important. Not gonna be a problem, even at $.32 cents, if they had to, ATM with $23 million only brings it to just under $198 million shares. Far less than plug and Ballard.
https://www.google.com/url?sa=t&source=web&rct=j&url=http://www.ca-ilg.org/case-story/tulare-fuels-its-waste-water-treatment-plant-biogas&ved=2ahUKEwj0pJTOz6TkAhXPjFkKHbb2Dn8QFjASegQICBAB&usg=AOvVaw0mPyaExfF7_xGOuSGiKN0s&cshid=1566963744976
And just think they ordered another one that's just waiting for a power purchase agreement.
Ask FuelCellenergy2020. He should know, he's from the company in the future.
That means a decent chunk of revenue added each quarter over the coming years. This is going to be big. I don't like the fact they blame faulty cells on FCEL, but that's really going to be irrelevant. Our product is proven. That's part of the reason for the June 1 year update on the KOSPO project
That's Weak. 650000 shares traded and it's down one penny, really. Lol!!! Wait till we see 20 million plus shares traded then we know where the stocks going.
Still showing the plant commercial almost a year later!! I wonder why?
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.ispot.tv/ad/IW6P/exxon-mobil-carbon-capture&ved=2ahUKEwiMh5Dg657kAhVJmeAKHasUAQAQwqsBMAB6BAgBEAQ&usg=AOvVaw1tX549aBnr6FOBSRd3JzUQ
And fuel cells have made the least amount of penetration or progress. They will be the faster-growing of the other technologies in the few years following.
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.masslive.com/opinion/2019/08/clean-energy-isnt-just-right-its-a-cash-cow-editorial.html%3FoutputType%3Damp&ved=2ahUKEwisi8Ky157kAhXNrFkKHX3WBj8QFjAAegQIBRAC&usg=AOvVaw11WWlNfL5m60Y6k4m3_Y2X&cf=1
The most recent quarter that I could find all of the details to. we are going to continue to have an increase in licensing and service because of the increasing amount of age do units and obviously the $10 million licensing agreement with Exxonmobil for Q3.Generation was $1.5 Q1 and $1.9 Q1 2018. Gen will likely be at least $6 million for Q3 due to BP and TS. we did not have either of them for the whole quarter but most of the quarter. so Q4 generation will be even greater. The rest of this post is directly from the q1 2019 earnings report.
Service and license revenues totaled $11.8 million for the first quarter of fiscal 2019 compared to $4.1 million for the first quarter of fiscal 2018. The increase is primarily due to a higher number of scheduled module replacements under the Company’s service agreements in the first quarter of fiscal 2019, as well as the benefit of the long-term service agreement with Korea Southern Power Company (“KOSPO”) in South Korea entered into during fiscal 2018.
Generation revenues totaled $1.5 million for the first quarter of fiscal 2019 compared to $1.9 million for the first quarter of fiscal 2018. Revenue was lower primarily due to the timing of plant maintenance in the first quarter of fiscal 2019 compared with the first quarter of fiscal 2018.
Advanced technologies contract revenues totaled $4.5 million for the first quarter of fiscal 2019 compared to $3.1 million for the first quarter of fiscal 2018. Revenue was higher for the first quarter of fiscal 2019 primarily due to the timing and mix of activity under existing contracts.
Product revenues decreased $29.5 million for the first quarter of fiscal 2019 compared to the first quarter of fiscal 2018. The decrease is primarily a result of the completion of deliveries in fiscal 2018 under a 20 megawatt (MW) order for a utility project owned by KOSPO
Yes everyone has the flame under their butt to be active on a daily basis. We are going to see results over the coming weeks and coming months or fail. I firmly believe the results will show up. I'm certain mr. Few I knew exactly what was going on when he took on this task. And I also firmly believe it would not have taken on this task if you do not believe that it was reasonably possible.