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This is a cut & paste from 2nd qtr 2017. No product sales there at all and we should be around $3 million better off with taxes and a little better off on margins. According to what I read, we will also have some more (so be it just part of the quarter) generation income. We do have a couple projects which may be completed in the quarter. Thinking $20-$23 million which is right about last year's 2nd quarter or slightly better. The 3rd quarter should beat significantly and we should have several significant developments before 3rd quarter announcements. 2nd from 2017 below!
FuelCell Energy (the Company) reported total revenues for the second quarter of 2017 of $20.4 million, compared to $28.6 million for the comparable prior year period. Revenue components include:
Service and license totaled $12.6 million for the current period compared to $10.4 million for the second quarter of 2016, with the increase reflecting module exchanges in the current period.
Generation totaled $1.6 million for the current period compared to $0.2 million for the second quarter of 2016. The increase reflects the growth in the operating portfolio. As of April 30, 2017 the Company’s operating portfolio totaled 11.2 megawatts under long-term power purchase agreements with five customers and 7.9 megawatts under construction at three locations. A 1.4 megawatt project and a 7.4 megawatt letter of intent were announced subsequent to quarter end and may be added to the Generation portfolio in future quarters.
Product totaled $0.7 million for the current period compared to $15.4 million for the second quarter of 2016. There were no Asian sales in the current quarter unlike the prior year period as South Korean partner, POSCO Energy, is now manufacturing locally under license and royalty agreements.
Advanced Technologies totaled $5.4 million for the current period compared to $2.6 million for the comparable prior year period as new contracts were added.
The gross profit generated in the second quarter of 2017 totaled $0.4 million and the gross margin for the period was 1.9 percent, compared to a gross loss of ($0.2) million incurred for the second quarter of 2016. Margins from the Generation portfolio, Advanced Technology and Service contracts were partially offset by Product gross loss from under-absorption of fixed overhead costs reflecting the low factory production
Thanks for the thought but did you not read the date
That do e money was due in January I believe or February and maybe I just didn't read thoroughly enough but I have not seen where we were paid that
Have we received final funding or payment from the Department of energy for the next stage of the carbon capture project because I don't recall seeing that anywhere. That's supposed to be a big chunk of money. We are still going to get a little bit of money from the South Korea deal I believe they said 2.2 million is still left unpaid and that does not include the final 15% because 15% of 60 million is obviously a lot more than 2.2.
Plus I'm sure there's something else we are going to get paid for. So yes revenues may not be 30 million but did you notice that our operating expense was down over 2 million as it should be again in the next quarter. So as long as there's not an expectation of 30 million dollars then we should be fine. I think one of the keys is figuring out whether or not we've been paid that installment from the d o e
Very discouraging and disappointing. We couldn't even get a 10% pop on the second good quarter in a row and a really good conference call. I can't put any reasoning behind that. I don't care what rationale anybody gives me it makes no sense at all that the stock didn't even try to go to $2. Never even touched $1.90. heck the 52-week high should have been in reach buy today no problem. I will be content if it closes four or five cents higher every day for a few days. I wouldn't be surprised if we finalize the plans for the Long Island project or we get the Beacon Falls project and the stock only goes up $.50 or 25%. Still the most undervalued out of all of the fuel cell stocks by far and no matter what they do it just can't seem to prove itself
Sad performance today so far on this stock. No way it should be under a dollar 80 at any point. Stock should go over $2 no problem based on that quarterly report. If Plug Power did something like that it would go up at least 25%. We should have had a 10% gain already no problem. So sad. Great buying opportunity if I had any more money but I'm already all in
Really, no posts? Everyone just stopped?
Google how ExxonMobil could drown coal in a sea of renewable energy
Just in case you didn't get a chance to look at ExxonMobil on Twitter
Feb 2, 2018 - 03:00 p.m. EST
ExxonMobil Releases Energy & Carbon Summary and Outlook for Energy
Dateline:
IRVING, Texas
Public Company Information:
NYSE:XOM
IRVING, Texas--(BUSINESS WIRE)--ExxonMobil today released its Energy & Carbon Summary: Positioning for a Lower-Carbon Future and its Outlook for Energy: A View to 2040. The reports highlight ExxonMobil’s analysis of 2 degree Celsius (2oC) scenarios and include sensitivity analyses on electric vehicle penetration and renewables deployment. They are in response to a 2017 shareholder resolution seeking additional climate disclosures about the impacts of technology advances and global climate change policies on the company.
The Energy & Carbon Summary and a new special section in the annual Outlook for Energy include consideration of the impact on future energy demand from an analysis of multiple lower-carbon scenarios published by the Stanford University Energy Modeling Forum. The forum’s scenarios are publicly available and are used for analytical purposes, including by the UN’s Intergovernmental Panel on Climate Change.
The global scenarios assessed by ExxonMobil, which include a full range of energy technologies, contemplate limiting global greenhouse gas (GHG) emissions to have a likely chance of holding atmospheric concentrations to the equivalent of 450 parts per million CO2 in 2100; these scenarios are generally considered to be consistent with pathways that would limit global average temperature rise in 2100 to 2oC above pre-industrial levels.
The company’s analysis of these 2oC scenarios examined the mean of the annual average demand growth rates of the various model outputs between 2010 and 2040 for multiple sources of energy. This analysis of these 2oC scenarios indicates: total energy demand increases about 0.5 percent per year; oil demand decreases about 0.4 percent per year; natural gas demand increases about 0.9 percent per year; coal demand decreases about 2.4 percent per year; and renewables demand increases about 4.5 percent per year.
All energy sources remain important across the assessed 2oC scenarios to 2040. As a result of ongoing demand coupled with natural hydrocarbon field decline, trillions of dollars of additional investment in oil and gas production will be required, including to meet a 2oC pathway. Based on the average growth rates of assessed 2oC scenarios, natural gas demand is estimated to increase to 445 billion cubic feet per day by 2040; oil demand is estimated to decline to 78 million barrels per day by 2040.
“Our job is to supply the energy the world needs in an environmentally responsible way,” said Darren W. Woods, chairman and chief executive of Exxon Mobil Corporation (NYSE:XOM). “It’s a dual challenge – we need to meet society’s growing need for energy while addressing the risks of climate change. We are committed to being part of the solution by investing in new technologies that can provide economic solutions on a globally scalable basis. ”
Many experts agree that advancements will be needed to reach and maintain a 2oC pathway through 2100. ExxonMobil has invested billions of dollars in research and development, including multiple university and business partnerships around the globe, aimed at achieving the technical breakthroughs required.
“Since 2000, our investments to develop lower-emission energy solutions have totaled about $8 billion,” Woods said. “We are deploying technologies such as cogeneration and carbon capture and storage, while researching next-generation solutions such as algae biofuels and advanced carbon capture using fuel cells. Continued research will be critical.”
With growing global populations and economies, key levers to address the risks of climate change include further energy efficiency improvements and reducing the GHG intensity of the world’s energy system. “For our part, we continue to take action to mitigate our emissions and help consumers lessen their GHG impact,” Woods said.
ExxonMobil’s Outlook for Energy: A View to 2040 describes a rapidly growing global population and rise in living standards in developing countries that will drive a growth in worldwide energy demand of about 25 percent from 2016 to 2040. At the same time, energy efficiency gains and gradual reductions in the GHG intensity of the energy system, will help to moderate energy use and reduce by nearly 45 percent the carbon intensity of the global economy, according to the report.
Emerging economies in countries that are not part of the Organisation for Economic Co-operation and Development (OECD) will account for essentially all energy demand growth, led by an expanding Asia-Pacific region.
As prosperity rises, electrification continues as a significant global trend. Energy demand for power generation accounts for about 50 percent of global demand growth, with much of that coming from non-OECD countries.
“Natural gas use is likely to increase more than any other energy source, around 40 percent, with about half its growth for electricity generation,” said T.J. Wojnar, vice president for Corporate Strategic Planning. “The abundance and versatility of natural gas, in addition to its significant air quality benefits, make it a valuable energy source to meet a wide variety of needs, while also helping the world to shift to a less carbon-intensive source of energy.”
Among the most rapidly expanding energy supplies will be electricity from solar and wind, together growing about 400 percent.
While energy demand will grow, global carbon dioxide emissions are likely to peak by 2040, at about 10 percent above 2016 levels, as energy sources shift toward lower-emission fuels such as natural gas, renewables, and nuclear.
The Outlook predicts a rise in electric vehicles as well as efficiency improvements in conventional engines. This will likely lead to a peak in liquid fuels use by the world’s light-duty vehicle fleet by 2030. However, oil will continue to play a leading role in the world’s energy mix.
“Our in-depth analysis shows that even if every light-duty vehicle in the world was fully electric by 2040, the demand for liquids could still be similar to levels seen in 2013,” said Wojnar. “This is because of growing demand from commercial transportation and the chemical sector.”
The Outlook for Energy is ExxonMobil’s long-range forecast developed through data-driven analysis, reflecting broad knowledge of energy markets and the expertise of economists, engineers, and scientists. It examines energy supply and demand trends for approximately 100 regional/country areas, 15 demand sectors and 20 different energy types. ExxonMobil uses the forecast as a foundation for its business strategies and to help guide multi-billion dollar investment decisions.
Key findings from this year’s Outlook:
In 2040, oil and natural gas continue to supply about 55 percent of the world’s energy needs; oil continues to provide the largest share of the energy mix with demand rising about 20 percent driven by commercial transportation and chemicals.
Nuclear and renewable energy sources are likely to account for nearly 40 percent of the growth in global energy demand to 2040.
The share of the world’s electricity generated by coal is expected to fall to less than 30 percent in 2040 from approximately 40 percent in 2016.
Increasing electrification of light-duty vehicles is anticipated to grow strongly. In total, full hybrid, plug-in hybrid, and electric-only vehicles will be approaching 40 percent of global light-duty vehicle sales in 2040, compared to about 3 percent in 2016.
For more information on the Energy & Carbon Summary and Outlook for Energy, visit www.exxonmobil.com/energyoutlook.
About ExxonMobil
ExxonMobil, the largest publicly traded international energy company, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world. For more information, visit www.exxonmobil.com or follow us on Twitter www.twitter.com/exxonmobil.
Cautionary Statement: Statements in the Outlook for Energy and this release relating to future events or conditions are forward-looking statements. Actual future global or local conditions (including economic conditions and growth, population growth, energy demand growth and mix, energy supply sources, efficiency gains, the impact of technology, and carbon emissions) could differ materially due to changes in supply and demand and market conditions affecting oil, gas, and other energy prices; changes in law or government regulation and other political events; changes in technology; the occurrence and duration of economic recessions; the actions of competitors; the development of new supply sources; demographic changes; and changes in other assumptions or factors discussed in the Outlook for Energy and under the heading “Factors Affecting Future Results” on the Investors page of our website at www.exxonmobil.com. See also Item 1A of ExxonMobil’s latest Form 10-K.
Contact:
ExxonMobil
Media Relations, 972-940-6007
Look at Exxon Mobile on Twitter. What do you see?
Im a little concerned now. I thought $30 Million would be a success. Now these anylist set us up for disappointment. But as long as we have a loss of $.20 a share or less we should be okay. Problem is people who don't follow the company closely will look at missing earnings revenue as a bad thing.
FuelCell Inc (FCEL) Expected to Post Quarterly Sales of $34.44 Million
Saturday, March 3rd, 2018
Sally Masters
Analysts forecast that FuelCell Energy Inc (NASDAQ:FCEL) will announce sales of $34.44 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for FuelCell Energy’s earnings, with the highest sales estimate coming in at $37.00 million and the lowest estimate coming in at $31.87 million. FuelCell Energy posted sales of $17.00 million during the same quarter last year, which would indicate a positive year over year growth rate of 102.6%. The business is expected to announce its next quarterly earnings results before the market opens on Thursday, March 8th.
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Only legit reason to not hit $1.80 today was the market. If it rebounds at least a couple hundred tomorrow we will break $1.75
Yes that will definitely help I'm excited. However there's always something holding us back. And right now it's the major indices. If the Dow in the NASDAQ take a turn upwards and look stable we will be anywhere between a dollar 80 into dollars by next Thursday. Then we need just not to disappoint on the first quarter report. I just want to get above $2 and never look back below it. And we are getting very close to that. Because even if there is a down Market people still look for good companies to get into. And as long as we fulfill everything that we have right now there's no way we are not going to start having better numbers and attracting more interest. You don't even need the 63 megawatt dealing Beacon Falls although that would have a significant impact on the stock immediately. All we need to do is fulfill everything we are currently working on including finalizing financing on everything that we have like the Long Island projects.
No worries what are they really expecting for revenues? I know they were expecting a loss of $0.20 a share I don't know exactly what they're expecting for revenues but they can't be expecting a quarter like the last one. We had $0.17 loss per share at 47 million. They were expecting 20 to $0.23 loss for share. and even then it didn't make the stock move anywhere is near what it should have. I think I mentioned before my hope is over 30 million. We're going to get something from the South Korea deal but not much. I'm guessing maybe $10 Million. They never specified the total they just said it was over 60 million dollar deal. If it was 65 million they would have said 65 million. So let's guest 62. I'm pretty sure they also said the final 15% of that will be paid when the project is fully completed and commissioned. So let's just call it $9,300,000. I don't remember if they stated how much of the money in the fourth quarter came from that project. But I believe they suggested it was supposed to be about $40 million. There's a lot of guessing here bought with a safety range of about 5 million I'm thinking we should be getting somewhere between 10 and 15 million from South Korea deal. I'm also shooting out a wild guess that are Revenue otherwise was averaging about 20 million per quarter before the South Korea deal. In revenue from service contracts is unpredictable based on timing but I'm guessing if you average out the last few quarters you should be pretty close and the power purchase agreement monies is only going to get bigger every quarter. Plus I'm hoping somehow the numbers are improved by the new tax incentives which I can't figure out but I'm sure they will elaborate in the conference call. So I'm thinking 10 to 15 million from South Korea then 10 to 15 million in other Revenue to play it safe. I'm hoping for more than 30 million but I don't think we're going to see any exact numbers from anybody until the 8th so it's all really a shot in the dark. But I'm pretty confident that over 30 would at least meet expectations and bring the stock back up where it should be. All just my hypothesis! Will know for sure on the 8th obviously. I wouldn't worry about it though Ballard is going to knock it out of the ballpark Thursday that will bring all of the fuel cell stocks at least some stability.
My initial thought was 13 billion dollars a lot of money. Then I thought well Fuel Cell Energy alone is going to have probably four-5 billion by 2023. Then I remembered that part of that 1.5 billion in orders or back log are service agreements. They still should have the Lions share of that compared to other companies except maybe Bloom.
Good stuff Max, ty. Meeting Thursday, 1 week before conference call. Hopefully results is good news to add to call.
Good read Max thank you. Well the announcement has been made about our conference call in earnings release. Without doing the specific research we almost always have a fairly substantial gain and should especially now with higher expectations regarding the report and the conference call. March 8, 10am
As far as South Korea goes we may not hear anything before the quarterly report but I'm sure chip will give some sort of an update or at least be asked a question on the conference call about it which will hopefully lead to at least some very optimistic word phrasing
That's funny so we won't even know when he stops posting on here because everybody's ignoring him
So that means better margins and better bottom line basically. So will they have to revise previous earnings?? Because I do believe that's how the incentives work they go retro back to the time when they weren't renewed. Unless I read it wrong.
PS. I'm guessing there will be an announcement within the next few business days about the date and time of that first quarter announcement and conference call. Historically we get a pop in between that announcement in the actual conference call.
9 full business days left before the first quarter earnings and Company update are announced. Plus a couple of hours for today obviously. I'm very confident we will touch at least a dollar 90 at some point between now and of the morning of the 8th. But hopefully the quarterly report is good enough that we get a substantial bounce over $2 finally. If I recall correctly those tax incentives that were added back in our retro all the way back to 2016. If that is the case we should have some benefit from that also not just the current incentives moving forward. Does anyone know the facts on that. Max?
10 business days to pass before we lead the class!!
Look at the chart. Stock moved up three days in a row a few sensitive time then pulled back a little bit on Friday I believe. I knew something was going on because none of the other fuel cell stocks were moving. Then today and all on no news. My concern is they are going to get flagged for insider trading with that kind of movement if any significant news comes out in the next couple days.
Are you translating?
Should have an announcement the last week of February about when earnings and Q1 conference call is (should be March 8). Typical 10% gain between then and the day of conference call. Then with good enough numbers should be more of a jump. Obviously depending upon how good the conference call is and any news that comes out prior to or the day of will determine how high. That said we should be well over $2 by the 8th but I'm hoping more like $3.
No merger unless plug begs them and gives them a deal of a lifetime. Plug is bleeding money and can't stop Ballard is pretty stable. This black cloud is really more of a gray cloud. Anyone that's watching all the news can tell that these are all the same news report coming out over and over again. Short-sellers get away with stuff like this all the time at least Ballard is doing an investigation to get to the bottom of it problem is they have to prove false allegations. But some of the people claiming Securities fraud. But they already got what they wanted they wanted to stock down so they could buy back in which I'm sure they already did however they may have sold out again at 3:50 and wanted to go back down to $3. I can't stand short sellers
FCEL will be highest pps and highest valuation of all fuel cell companies as I've stated before, and I'm guessing by mid September at the latest. Have fun!
Quarterly earnings on March 1st should be impressive.
I stutter that was a voice text Max. I do apologize sincerely. However I posted something again just to make sure everyone got the heading.
Over A Barrel: ExxonMobil Preps For The Low-Carbon Future
Just to make sure everybody read it
Thank you all for the feedback and the posts. The Forbes article is great but we didn't really need it posted twice within a day. In my translation if they are spending a billion dollars a year researching effective ways to capture carbon then there's not a problem spending spending a billion dollars a year on the technology that they believe works. The wording seems to imply in my translation anyway that they have found a technology that works they're just trying to tweak it to make it as cost-effective, functional and energy efficient as possible. I believe that is the purpose of the pilot, I believe they have known for a while this is likely the best option for carbon capture. Basically about a year-and-a-half when Vijay swarp met with chip in a public meeting to discuss the technology.
I agree they bloom IPO should help. However Bloom has been threatening and IPO for at least the last few years. At this point any + attention the fuel cell industry guess is still good for all the fuel cell companies.
I don't see a pull back until $1.95 unless the market gets slammed.