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Who has any intellect or sanity that would mention those possibilities? Neither have been an option this year or ever again. Anyone suggesting that shouldn't be on this board and if you ignore them they get no reward for their ignorance! I muted or blocked or ignored any shorts or trades a long time ago. Life is just a little better without them. People have no need to be on here if they don't think they can make $ on this stock. Please put that in perspective. Everyone here is here to make money on this stock. Otherwise, would they be unintelligent enough to waste their time on here. And if they are then no one should listen to them anyway. Hold on tight, more good news to follow soon. LIPA and S. Korea.
$10 million from DOE
22.2 MW from CT RFP
Rolls buys $199k and we hire over 100 employees and increase output by 120
There's positive release 1
Don't watch it then and go to another board. If not interested you have no reason to be on it. Correct?
One of the most famous investors ever is Warren Buffett. He doesn't pick a stock for a day or a week or a month. He picks a stock based on the company. And holds because he knows the company will succeed. So does Jim Cramer. A trader wouldn't buy and hold anything but many buy and sell Fuel Cell due to the potential. Does anyone with any intellect think a company needs to turn a profit for the stock to go up? Y are so many people with a bearish position talking about losing money and not being profitable. Is Tesla? Was Apple always profitable. Sirius was $.25 when I knew it would be a huge gainer sone day as they crept towards profitability. When FCEL becomes profitable it's going to gain profits exponentially. At that point you missed the boat. Can't wait til profitability is certain or you miss a 100 plus % gain. And that's just from now until people think they have a shot at profit. Which will be 2018
Thanks Max. Major over-reaction to the termination of the MOU, which I knew from the get go, and to the shelf life filing. Which is why I bought more 3 tines on the way down
Thank you! Where did you see the official announcement?
I apologize we didn't lose anything other than what we had before the memorandum of understanding. Which means we still have access 2 utilize posco for balance of plant in sales and other parts of the country. And we can assist posco if they need it or vice versa. We just can't directly Market in South Korea other than what we have already solicited. And my understanding is we have several bids out there expecting to get something.
Thanks Max I was looking for that. That is why I'm under the belief that the agreement we previously had is continued. So we just didn't change anything. Our previous agreement that we had prior to July of 2017 will continue until October of 2027. Which means we didn't lose anything.
Does everyone I honestly believe we will stay at 1.25-2 times earnings until we turn a profit?
Recurring revenue from PPA and 20 year service contracts will get us to profitability and advanced Technologies and direct sales will give us big quarters occasionally. we don't need to have 70 megawatts of power purchase agreements earning Revenue in order for people to understand that do we. I mean once we are close to break-even and people see what's been happening they will understand and invest won't they? I mean I'm not a rocket scientist but does it really take one to understand that?
You don't think the board of directors didn't see chips vision of pursuing it this way and being patient? We will have a very clear vision of profitability and sustainability after the power purchase agreements for Connecticut and Long Island are signed. And hopefully by that time or shortly thereafter the big money will come in
While everyone is trying to sell for cash, we are building sustainability! Big picture people!! this may be taking a little bit longer than what I hoped for and everyone else hoped for. But when we have a clear path to sustainability without any support from anyone we will be King of the Hill. Sales will not matter. They will just be a bonus to the revenue.
We have reverted to the original agreement. Which means we receive 4% royalties on anything posco sells. We also have the right to sell anything it had a contract proposal prior to July 15th which my understanding is a substantial amount of megawatts proposed. I wholeheartedly expect some sort of a deal out of South Korea announced before the end of summer. along with finalizing the power purchase agreement contracts for Long Island Power Authority. All 3 equalling 39.8MW.
On what day is Bloom going public? I did not see it
I'll answer that with a question. Doesn't it mean they can pursue any project proposal submitted prior to 7/15? That's my understanding. And I believe we have at least a few proposals submitted. I believe there is good news coming by EOM.
Information I have suggest we will be getting some sort of a cash deal sometime soon. Hopefully an ounce before the end of this quarter. And hopefully 20 megawatts again or more. The MOU with pashko is dead however that doesn't really mean our relationship with them is dead. just means the amendment we were going to make to our relationship is not going to happen. Bought any bids we submitted before the 15th of July if accepted we still have the right to pursue and build on our own. Posco is not shutting down fuel cell business yet. They may just be having second thoughts about selling due to the current traction the fuel cell industry is gaining. I'm sure we will hear more in the coming months.
Yes that is exactly why I said we need a sale. Showing 10 megawatts for outright cash whether through one project or several will give us the cash we need to do whatever we have to do through 2019 no problem. Then we will have enough in power generation and service agreements to give us enough recurring Revenue that we no longer have to worry about cash at all. not that cash is a worried right now but it may become a concern if we don't sell something.
Agreed, they have enough cash to run at current run rate through 2019 and even through 2020. However, they are going to need to ramp up production if the sign contracts for LIPA and CT. They were already stating that was the plan. Cash burn is about $12 million per quarter. If the ramp up, that likely raises cash burn unless they have sales to cover. Hence we need another sale within the next 6 months so we don't need to consider raising money other ways. The $50 million shelf offering app submitted last month was specifically to untilize to fullfil a large order if the need arises, ie: LIPA and or CT RFPs.
It's really pretty simple! Don't complicate it. We need a sale, 10mw or more. Then we need signed contracts for LIPA and CT RFPs.
And as far as execution they're only currently at an annual run rate of about 25 megawatts. That is to keep cost of operations down. They can easily ramp up to a hundred megawatts once they have signed contracts. I expect timelines for project completions to move up before year-end. But that would not change the status of any contracts that are not yet signed.
They had a layoff when they were originally to Kline any projects they submitted in the rfps 2 years ago. When they were informed they did not get the Beacon Falls project the intern had to layoff 17% of the workforce. They have done some hiring since then but do not want to be in the same boat ramping up production to find out they don't have enough work for everybody to continue operations and not have too much cash burn. They are hiring currently about 20 people. Once they get Long Island and the Connecticut rfp in signed contracts I would expect them to hire and ramp up production to at least 50 megawatts a year almost immediately. As I mentioned they still would not complete any of those newly signed contracts before 2020. 2019 is definitely going to be the year the financial situation changes. Although 2018 is definitely shaping up to be the transformational year. We have far more Awards in 2018 then we have in any previous two or three years combined. Except for the 59 megawatt project in South Korea which was obviously only a one-time deal.
Any backlog that does not yet have definitive agreements will not be completed until at least 2020. So ultimately it's really irrelevant at this point. It's not like if Plug Power work to get an RFP or a memorandum of understanding there investors would jump all over it. This stock is significantly undervalued compared to peers and the overall Market. As I've said before under a dollar fifty is a steel. And in fact under $2 is still a great deal on this stock. The backlog they do not yet have a definitive agreements on is 39. 8 megawatts in Long Island and the 22. 2 megawatts of RFP Awards in Connecticut. And no one is going to believe they're actually backlog until the contracts are signed. So Skeptics have until those contracts are signed to still be able to get in on the ground floor. I in the meantime am accumulating with every penny I have
Any backlog that does not yet have definitive agreements will not be completed until at least 2020. So ultimately it's really irrelevant at this point. It's not like if Plug Power work to get an RFP or a memorandum of understanding there investors would jump all over it. This stock is significantly undervalued compared to peers and the overall Market. As I've said before under a dollar fifty is a steel. And in fact under $2 is still a great deal on this stock. The backlog they do not yet have a definitive agreements on is 39. 8 megawatts in Long Island and the 22. 2 megawatts of RFP Awards in Connecticut. And no one is going to believe they're actually backlog until the contracts are signed. So Skeptics have until those contracts are signed to still be able to get in on the ground floor. I in the meantime am accumulating with every penny I have
Yes it's already been posted. It was an SEC filing. It is a very impressive slide show if you read all of it. One of the most impressive things is how efficient fuel cells are and how little space they use combined with how available the power is compared to other alternative energies
Note in the business update today, it says S. Korea manufacturing facility and service contracts!!
39.8 MW of signed contracts in Long Island will give us a long-awaited bump well up over $2. If it doesn't people are crazier than I thought. That's signed contracts for over a hundred and fifty million dollars.
fuel-cell tank under a dollar fifty because there are a lot of people playing this stock because they know the potential it has. and as soon as any skeptical news at all comes out people just automatically sell it and wait and see what the market reaction will be. but people will get back in because they know this is a good company with a bright future. We have found a significant support level unfortunately it's a lot lower than I ever thought it would go again. But I was able to accumulate more shares on two occasions under $1.50. so I will be very happy when it goes back over $2 in the near future. analysts are still maintaining an average price target of over $3 dropping down below a dollar fifty was ridiculous. But anybody who had money who was smart enough to buy could benefit from it. In my opinion this is a buy all day long under $2. In fact it's a very strong buy under $2. We should have a couple of completed projects this quarter according to the timelines. They will be added to the power generation recurring Revenue portfolio. That will double are previous power generation portfolio. So instead of 7 to 8 million a year it will increase to $14-$16 million. At that point anytime we can get paid 4 at least 14 megawatts of sales in a quarter we should be at least break even. If you do the math we received 11 million dollars from NRG for 2.8 megawatts. That's over $3,920,000 per megawatt in sales. 14mw sales works out to around $54,900,000. $7 million a year was the projected low from power generation. That works out to $1,750,000 per quarter on the low end. The current projects that will be completed and put into power generation portfolio before the end of this quarter are going to double the power generation portfolio. So that makes $3,500,000 per quarter. That brings revenue to $58,400,000 without considering any other revenues from Advanced Technologies or anything else. We've had a gross profit on a few occasions on much less Revenue than that. Obviously there are a few variables like operating expense charges Etc and revenue from maintenance contracts they need to be figured in there but that should safely give us a net-positive quarter. The generation portfolio by the end of 2019 should Secure net positive quarters every quarter with any sales at all. Obviously it wouldn't be a positive quarter with no sales at all. But Tesla is still not even close to making money and look at their stock. Neither is plug power or Ballard and look at their stock. Things will level out we aren't reaping the rewards of the tax benefits in their entirety yet. That will take a couple more quarters also. We are getting very close patience
Memorandums of understanding and being given an RFP don't mean anything if we don't actually build them. Signed contracts mean something. We need one more decent cash deal like NRG or KOSPO in order to have a good quarter Revenue wise. But 100 + million dollars positive Revenue is not going to happen for at least a couple of years. We need to sign contracts. A couple of big sign contracts calling a couple of hundred million dollars will do it for the stock
When they get lucky enough to turn in an EBIDTA Break Even quarter in the next few quarters or possibly even a small profit if we saw another fuel cell. I heard going to be a while before we can turn in a few positive quarters. We do not need positive cash flow in order to reap the rewards in the stock though. This is what people seem to not be understanding which is why the stock will shoot up dramatically once we have signed contracts like LIPA. We do not need to profit 100 million dollars in order for the stock to go up. And yes in the future we will have those profits in the more
If in fact there is a meeting this morning which I am almost certain there is and if what I read is accurate the meeting was called by Fuel Cell Energy to meet with Roth capital. It's purpose is to inform Roth capital of the progress of the company. Fuel cell has had several meetings in the past with analysts to give them updates and generally within a couple of days of those meetings the analyst will post updated projections. In my confident opinion we will be getting an updated opinion from Roth capital no later than Monday or Tuesday and my guess is they will reiterate their price Target or raised their price Target based on the status of the company.
Article is May 2016. Pilot will be up and running in 2019. Current plan is test on Nat Gas 6 months, then coal 6. That's why they chose a combo plant. By summer 2019 the tech will be clearly proven. More orders will be placed by then. We don't need to build a 500MW plant in order for the stock holders to real rewards. Look at pharma once tests prove successful it goes up without cash flow. Or any tech company creating a successful New tech. Not going to be more than 1 year!!
BF was submitted by BFEP in RFP at 19MW. 19 . Something. Just like Doosen only submitted for a portion of their project that's supposed to be 60+. Did we finish this one yet?
This summer, FuelCell Energy plans to announce the completion of a power plant on Triangle Street in Danbury. Bottone previously said it will be the “most efficient power plant in the world,” operating at about 60 percent
Yes but it can't last forever once the money or the major contracts are signed and start lighting up for guaranteed money there's no holding it back anymore. And those of us who have accumulated and will stay along will prosper significantly. Any ignoramus can say whatever they want I have them all muted or blocked anyway. Anybody who is obviously not supporting the company is not worth listening to their motives are not proper to be on this page. I will not cash any significant amount of shares until it hits $20. and I am extremely confident that will happen in less than one year from today
Not going any lower Book value for the company is almost right where it's at.
Picked up a few more shares pre-market what an opportunity. 291 better than nothing.