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Okay, well sucks that the avg price was $.42 but still only 160 million shares. I agree with somebody else about them waiting til mid October for next ATM over $1.
Not sure, but I was told they had inventory sitting in CT not being installed when Chip was still there. I believe the $10 million from XOM (-the cash to Hercules, I think $6 million) may have kick started finishing the inventory that was not 100% finished due to cash issues. I think they started using ATM wisely when the stock spiked before. Now they are able to execute installation of the past due projects (Tulare and BHF) and get back to the earlier completion date of Groton. Yaphank was not due till 2020 and CR is after Yaphank. First things first. Get Tulare done and BHF and we should be off to the races.
Very good points. So that said, my opinion would be inaccurate. I don't think they are going to use ATM for NRG. I believe they can satisfy NRG with commissioning of Tulare. They may have used it to satisfy 5th 3rd and put the 30% to Hercules. Then, as long as the required progress on Tulare and Groton are met, all deadlines will be good to 10/22. Tulare and TS should be COD by then.
Okay this is purely speculation what makes perfect sense. First, the number one issue for fuel cell energy is to stabilize the company financially. One way they can ensure they do that is by raising enough money through ATM. They had $23.3 million available. 60 cents is not ideal, however it was a much better opportunity then they have had for some time to raise cash and not dilute stock that much. Knowing that the earnings report would only do just so much, they could have taken the opportunity when the stock price was between 60 and 66 cents sell some shares. To make the numbers easy let's say they sold $6 million worth of stock at $0.60. that's very plausible and would only need 10 million shares added. That gives them enough money to pay off Hercules and they would go from approximately 125.9 million to 135.9 million shares and still have $17.3 million ATM shares to sell at a much higher price if needed after they announce Hercules is paid off. So my guess is they knew the earnings report was going to give them an opportunity the cash in ATM and why not at double the price it was at 3 business days before they released earnings.
That means seasoned investors are banking on the stock going over $1. Historically they were buying options banking on it going down. So, yes, it's good for investors.
Investors in FuelCell Energy, Inc. FCEL need to pay close attention to the stock based on moves in the options market lately. That is because the Sep 20, 2019 $1.00 Call had some of the highest implied volatility of all equity options today.
A big carbon capture project would certainly be a big driver but I don't believe we will get anything like that until after the company has stabilized financially. That market cap I'm implying is very realistic once they no longer have a substantial doubt about their ability to continue as a going concern. The carbon capture is more of the one to two billion dollar market cap range. They will not have 200 million shares. in order for that to happen they would have to sell ATM of $0.30 or less. if they did not sell in the 50 to $0.60 range recently then I'm guessing they are confident they will be able to sell at a higher price.
Good I knew somebody mentioned earlier today or yesterday and lived in Long Island. Can you gain access to the Yaphank landfill. That project was in the planning stage in April. Interested to see if they started any construction at all like prepping site!
I have spoke with other people also, ie, reporter and someone at a project
No, I agree. I've believed what the company said. Hoping new Management is more careful with what they say and more accurate
There's not one monumental events happening at any specific time. I would say the next predictable event that could be like that would be the annual report which is given in January. I would also venture a guess we will have our first conference call with our new CEO at that point. bought between now and the end of October there are several events that are supposed to happen. There are some deadlines for some financial issues and completions or progress goals on projects. September 28th and September 30th are specific deadlines as is October 22nd. There are two projects that are supposed to be completed by sometime in October. Those projects are long-awaited and have significant relevance to the company's financial standing. We should also have a couple of updates I'm the 7.4 megawatt project for the Navy by the end of October. What update should come within the next week from the newspaper that wrote an article about it when there was a delay due to blasting necessary for the foundation of the fuel cell project. The second update is one that's required by the bank in order to continue with the financing for that project. There are updates required for Generate capital NRG Hercules and fifth Third Bank. The quote in the 10-q about having substantial doubt is the primary reason the stock is where it's at right now in the 30 to $0.50 range. Once that substantial doubt no longer exist we are looking at a market cap of over $500 million. I would say probably actually between 600 million and 1 billion based on plug and Ballard's valuation. in order to figure out what the share price should or will be in regard to that we need to know how many outstanding shares there are going to be at the time. That will fall somewhere between 126 million and 198 million. Again something we should know by the end of October.
No I didn't say anything I posted it so people were aware of it and they obviously are a significant part of the H2 project with the primary sponsor Toyota. that event itself may bring attention to fuel-cell but will probably not affect the share price. what type of people that are going to that and making any investments are people that are going to do their diligence before they make an investment so they could put some money in it at some point after the seminar / exposition. Just another bit of good news for the long-term investors like myself.
No problem. I have a couple more updates coming in the near future. Ie: should be getting an updated article I'm Julia Bergman regarding the Navy project this week.
Update on this article coming soon according to Julia!
https://www.theday.com/military-news/20190430/construction-of-fuel-cell-park-at-sub-base-delayed
Don't forget $0.57 was the high yesterday out the gate and it was $0.64 at the close. But after hitting $0.57 it pulled back substantially. Let's see where it is at 10:30! but that's not really what matters what matters is where it is in November!
Sorry Xena, I was replying to you as well as Max but I know the only thing people see on the reply or the first few words, so I wanted to make sure Max caught it
Max and all others, here is the FERC letter.
https://photos.app.goo.gl/9q5GatsYicZ3xvfj8
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