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And exactly what time will that happen
Definitely a buy under $1.10 no risk of going back under $1 before the new year at this point for more than a day.
Fwd: Falls Democratic First Selectman candidate Christopher Bielik is seeking his third term as first selectman. –LUKE MARSHALL
BEACON FALLS — As First Selectman Christopher Bielik aims for his third consecutive term in office, the 56-year-old Democrat has his eyes on seeing projects in motion come to fruition.
“I like the direction the town is going in,” Bielik said. “We have some good ideas we want to see through. The implementation of some of those are just starting. I want to see they how they actually play out in real time.”
One of those projects is finding an economic development coordinator to guide the town’s development efforts.
The town budgeted $35,000 this fiscal year to hire an economic development coordinator. In October, the Board of Selectmen voted to hire Connecticut Economic Resource Center, Inc. (CERC) on the recommendation of the Economic Development Commission. Under the agreement, CERC will develop a strategic economic development plan for the town.
“Taking an opportunity to have somebody whose job it is to actually do this and help us to understand what we are as a municipality, what the things are we have to offer, and then set an identity for ourselves and go and pursue that identity — that’s a new approach for us. We are excited about the possibility,” Bielik said.
Once CERC has completed its work, the town will either hire an individual or company to be the permanent economic development coordinator.
“We are starting, but it is just the initial phases right now, and I want to see what direction it will go in,” Bielik said.
Bielik, who is married with one child, served in the U.S. Navy for 22 years before retiring with the rank of commander in November 2004. He was elected to the Board of Selectmen in 2011 and won the race for first selectman against incumbent Republican Gerard Smith in 2013. Bielik, who served on the Conservation Commission and the Board of Finance prior to 2011, ran unopposed in 2015.
Bielik will not be unopposed this year as Republican Ken George, a political newcomer, is challenging him. The election is Nov. 7.
Aside from the economic development project, Bielik said he wants to keep moving forward with paving roads throughout town including the Hill District, which is one of the oldest neighborhoods in town and includes Wolfe Avenue and Maple Avenue.
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The town’s wastewater treatment plant is also in need of major upgrades. Bielik said he would explore ways to upgrade the plant that don’t require the full reconstruction of the plant.
Bielik did not say exactly which upgrades he was looking at but said the town has been eyeing a number of operational upgrades that would help improve efficiency.
Bielik said many of the projects the town could move forward with would require state funding — something that is a big question mark as the state deals with a budget deficit. As of Tuesday, the legislature hadn’t adopted a state budget.
“Until we have a better idea of what is going on, everything we’d like to do is all pipe dreams. I am waiting to see what is coming out of Hartford before I can actually know what are the resources I am going to have on hand to be able to try and do stuff,” Bielik said.
Bielik said even the day-to-day operations of the town that don’t rely on state funding can be impacted if Gov. Dannell Malloy’s plan to make towns pay for a share of the payments for teacher pensions, which the state covers completely now.
“My plan is to not tax the people of Beacon Falls for a bill we didn’t generate ourselves,” Bielik said. “If it turns out that we end up getting a bill for this thing, I will take a close look on our part to see if that is a bill we can pay without impacting the people of Beacon Falls.”
The town faced its own issues when it came to crafting a budget for this fiscal year.
Due to a property revaluation, the town’s 2016 net grand list decreased $25.1 million. The decrease in the grand list coupled with increases in town spending and the Region 16 Board of Education budget led the mill rate to increase 3 mills to 35.9. Region 16 oversees schools in Beacon Falls and Prospect, and the school budget is separate from the town’s spending plan.
The increase in the mill rate hit residents of Chatfield Farms, a 55 and older community, the hardest because their property values increased following the revaluation. That combined with the mill rate increase meant significant increases in their tax bills.
The town and administration came under heavy criticism from Chatfield Farms residents for the revaluation and the mill rate increase.
Bielik said the town is working to increase the grand list, which will subsequently lower the mill rate, through actions like hiring an economic development coordinator.
“Attracting more business is the easiest way for us to build that grand list,” Bielik said.
Bielik said the town is still working to make the proposed Beacon Falls Energy Park, a 63.3-megawatt fuel cell project, a reality.
The plan is for the fuel cell park to be built on a 23.8-acre former stone and gravel quarry site owned by O&G Industries on Lopus Road. O&G, based in Torrington, is managing the project under the name CT Energy & Technology.
If built, it would be a boon for tax revenue in town. However, the plan has been stalled for the past year as CT Energy & Technology works to obtain financing.
However, the project can be built in smaller pieces and still bring tax relief to the town, Bielik said.
“It may not be the entire segment all at once, but building something like that in town in some form is something that will have a net-positive impact on the overall grand list reduction we had. It will certainly help mitigate and smooth out and generate some revenue for us like we had originally planned,” Bielik said.
Bielik pointed out that the state recently passed legislation calling for the purchase of 150 megawatts of fuel cell energy. Since the Beacon Falls Energy Park was originally proposed to be built in phases, it would be easy for the company to just build one phase, he said.
When voters head to polls on Nov. 7, Bielik encouraged them to look at his record when making a decision.
“I think all you have to do it look at the last four years. There is a proven track record of success there. The way we have been managing this town is at least as good, if not better, than it has ever been run in the history of this town,” Bielik said.
Bielik pointed to the town’s bond rating, which has risen from non-existent to AA — two steps below the highest ranking offered by both Standard & Poor’s Financial Services LLC and Fitch Ratings.
“That tells me that somebody who is independent and looking out for investors view us as a good risk, that we are doing this the right way here. I am really proud of that actually,” Bielik said.
Bielik said that serving as the commanding officer of a naval base adds to his experience.
“You have the same kind of day-in and day-out routine and non-routine occurrences you have to be able to react to. I did that successfully in one career already and I have transitioned into doing in this one now,” Bielik said.
With all the uncertainty in Hartford, Bielik said now is the time for someone with experience to lead the town.
“I think that, given the tremendous amount of uncertainty, to go with somebody that has hands-on experience and a background in this type of work, now more than ever, is the time where you need somebody like that. Bringing a novice into this position who has absolutely no prior experience doing anything of this sort, this is the worst possible time to be looking at going in that direction,” Bielik said.
Go bielik!!
Jack, can you please tell me your prognosis on the November 7th vote? And if Bielik wins, given the fact that Governor Malloy wants the project done and Bielik wants it done, what's your thought? Only about 6 weeks til blast off I think!!
Let's assume you are right Jack. It is Jack correct? That means we are not selling more stock? But let me ask you Jack since you know so much inside news and technicals. Why did the stock go from under $2.10 all day until 3:45 ish to $2.15 then at 4pm tick up to $2.17, then got to $2.20 in short time after market close Friday? Any idea? And good catch once again pointing out we have an affiliation with 3 of the largest companies in the world. That's one of the best finds by the FCEL followers yet, huge in the grand scheme. And 1 final question, again knowing so much, you wouldn't be able to tell me the total revenue for the fourth quarter and Earnings per share for the quarter would you. Or at least a hypothesis on them. That will show everyone you are the master of inside knowledge and real status' for now and forever. After all, we will all know on Friday December 15. You could at least give us some answers by December 1 to help us out, right? And finally a hypothesis on PPS for December 15. Thanks for you help Jack. It's great having someone like you helping us out. TTYL.
FCEL special meeting Thursday December 14, 4pm NYC. Proxy to increase shares. My guess is offering price of $2.5 or greater to raise cash for LI or possibly even Beacon Falls. They resubmitted for Beacon Falls project this spring after Conn passed the bill for up to 100 MW of fuel cells. I'm going to the meeting. Should be over $4 a share by then.
http://www.cosia.ca/molten-carbonate-fuel-cells.
http://www.cesarnet.ca/blog/slashing-alberta-s-ghg-emissions-fuel-cells-oil-sands.
There's your answer for the Canadian oil sands fourth-quarter release coming anytime.
Massive Graphite Shortage Looms Over Electric Car Future - PR Newswire
PR Newswire › news-releases › massive-g...
Musk isn't going to like that. Fuel Cells will prosper. Perfect storm brewing for fuel cells. There is also an article about dusan getting a huge deal in South Korea. It's unfortunate that it wasn't Fuel Cell Energy but any good news about fuel cells is good news in general. Way too many people way too many institutions way too much money invested in fuel cells to back out now. Perfect Storm. Getting ready to roll quickly for a long period of time. And many non-believers are going to miss out. Beacon Falls budget agenda includes review old news and O & G property. Does o&g own any other property in Beacon Falls besides the proposed energy Park location?? Do you know the answer Jack? And I apologize to everyone for the lengthy posts but unfortunately I'm still limited and how often I can post on here indefinitely.
FYI for those of you who want to try to trade instead of just staying long having faith in the stock Green Bank is in Jeopardy of closing which would create problems with any projects they have funded. Connecticut legislators came up with that as a last minute thought trying to Crunch their budget which is already running behind. However Governor Malloy is very against it as well as a couple of companies that have projects from Greenbank including fuel cell.
Im going to feed his dream. Either way this isn't an Exxon board! Thanks again Jack for reitterating FCEL has contracts with the 2nd largest and 4th largest companies is the world as well as with Exxon Mobile. And by the way that video that we all saw recently from June of 2016 with Vijay and chip talking about why they are now going public with the carbon capture fuel cell technology was from June 2016. When asked why they were going public with it Vijay very clearly said they generally don't go public with something until they are fairly confident that it's going to work because they have so many projects going on. And again that we back in June of 2016. In case nobody's noticed they have three commercials now promoting fuel cell carbon capture with Fuel Cell Energy specifically. Which means they have gained yet more confidence. Vijay also made it clear as the chip once they have confidence in the development and testing of the system they will speed up commercialization. And they also made it very clear the commercialization for this technology means thousands of Mega watts. That does not mean that they won't do 100 megawatts in segments prior to getting to the commercialization stage. So we could very easily see more orders from Exxon Mobil or other people within the next 6 to 12 months. I would actually expect a follow-up order from Exxon Mobil at the very latest by sometime next spring if testing is going well at the berry plant. Maybe then people will take a serious look and the stock we get the recognition that it deserves. Another factor to consider is most of the fuel cells we are selling get a 20 year maintenance contract added to the regular income sheet. Which will also happen for the 20-megawatt plant being installed in South Korea for much of 2018. Intern driving the EBITDA down further. This is all going to snowball much quicker than any of the current analysts are expecting. I will maintain my $12 price Target for next December but I believe that may actually be light. And I'm thinking substantially light but we will know more by mid-December.
Awesome post Jack. You noticed E.ON Germany is #2 in the world and Korea Electric Power is #4, both alligned with FCEL. That's some of the strongest encouragement I've seen. So not only Exxon but even 2 bigger companies.
Thanks Jack that was awesome PR.
The following is one article forwarded to me from Kurt Goddard when I emailed him about PR.
http://news.cmlviz.com/2017/10/21/breaking-fuelcell-energy-inc-nasdaq-fcel--stock-through-resistance--technicals-hit-extreme-strength.html
This is not a one-and-done. Yes it is sustainable 11.2 megawatt operating asset is not going away for 20 years and we have just added 7.4 more to it. we are also going to be adding more to that once we figure out how we're going to break up 39 megawatts in Long Island. We are expecting at least another 20 megawatt order in the very near future from South Korea. And as chip stated before part of that 39 megawatt deal in Long Island would likely go to straight sales. We cannot have more orders put in the backlog when we already have a sufficient back long to keep operations moving. I'm certain we will see production ramping up before the December annual conference call. If not then I'm certain they will identify the ramping up process during the conference call. If they have one more order solidified before December then I'm certain they're going to ramp up production to more than the required 45 megawatts a year to reach EBITDA, but then we will also have the 18.6 megawatts of operating assets with more being added to backlog for that also. We will have a minimum of 18.6 megawatts operating assets for the bulk of if not all of 2018. That takes care of almost one-third of what we need to be even. So if our run rate is even 35 megawatts for 2018 which is a drop in the bucket then we are at a net-positive year.
Most likely if there is one quarter that we are not in that positive it would probably be the first quarter. Certainly being on this message board you are either reading all of the news and are aware of all of the news or you are uninformed. If you are uninformed then you have no legitimacy and putting a price Target which is 25% below the three most recent analyst targets of $4. If you hang on tight and pay attention you will see at least one analyst come out before the end of the year with a much higher price Target. After all they are 12-month price targets. My price Target is $12 by next December. And that is not banking on people speculating about carbon capture. Carbon capture is still speculation. Unfortunately but it is. The rest of their technology however is not and it is far from a science experiment. Don't get me wrong I believe in carbon capture and that it is working but it's still speculation to buffet and Kramer. Certainly being on this message board you are either reading all of the news and are aware of all of the news or you are uninformed. If you are uninformed then you have no legitimacy and putting a price Target which is 25% below the three most recent analyst targets of $4. If you hang on tight and pay attention you will see at least one analyst come out before the end of the year with a much higher price Target. After all they are 12-month price targets. My price Target is $12 by next December. And that is not banking on people speculating about carbon capture. Carbon capture is still speculation. Unfortunately but it is. The rest of their technology however is not and it is far from a science experiment. I am a chart guy. Charts tell a big story and many people believe the same. This stock was valued at well over $10 a share on almost complete speculation. That was well before chip announced that they have moved from a R&D company to commercialization. We are clearly in commercialization and unfortunately there are a lot of people that don't know that or refuse to accept it. But when people do know it and they do accept it it will be far greater than $10 a share. I'm guessing anywhere between 15 and $20 a share is actually more realistic once we have had a couple of good quarters. We should have a couple of good quarters between now and next summer. Some of the Skeptics are still Skeptics because they don't understand how we are going to build the Business Without cash. Chip has done a fabulous job relatively speaking except for the fact that I think he's a little behind on hiring a PR person and getting news out there more promptly. I did email him the other day and we got to news reports shortly after that.
EBITDA, stick with me. Last announced we were already at 11.2mw opperating assets. 60 by itself is break even. We are delivering more than 3/4 of a 20mw order to South Korea by end of October (4th qtr). 45mw by itself is break even. 60 opperating or 45 in sales or combination there of is for the year. So 13mw sales alone should suffice for a quarter. The 11.2mw opperating assets is above and beyond EBITDA. And we have delivered more than 13mw this qtr if we deliver 40-50 million (according to Bishop in conf call). By end of October. Net + qtr 1st ever fuel cell company. Big number after 4th qtr conf call in December.
Fuel Cell and absorption chiller dedication November 18, 2017 Cal Irvine Medical Center. For some reason I can't download the link but it's on Twitter. Three good news reports in less than a week and the stock is trending down unbelievable. Did you also see the other news report regarding the top 20 institutional stockholders. Very strong institutional following right now. I am Limited in my posts because apparently I said something wrong. My apologies if I offended anyone I just try to speak the truth.
The most incorrect part of your statement is backlog has always been huge. We have never received anywhere near a billion dollars worth of orders in one year let alone 6 months.
Fuel Cell Power
Summer 2017
Google it.
And you know they have delivered some fuel cells to South Korea, I hope. Said they would start immediately. No update!! No news by end of week we lose our support level of $2.08
1 billion dollars worth of new orders since May of 2017. Confirmation the carbon capture technology works which is going to add billions of dollars in the next few years. One thing I can think of that chip missed the boat on. A PR specialist. Somebody should be professionally managing their news updates. No reason anyone with any rational thought process could put together that the stock should be down today or the stock should not be at least $3. Three analysts have recently put a $4 price Target on the stock and there have been millions of dollars purchased by institutions this year. This stock is going to go up 10 to 20 times in a very short period of time once people actually get it.
That video was from 2016 also. So the technology clearly works and there is clearly not going to be an issue with funding. I don't know why the General Public or the major investors are not jumping all over this right now. Market cap is barely over 100 million and we've received a billion dollars worth of orders in the last 6 months. That doesn't even include carbon capture. Many people are just blinded by the fact that fuel cells have been around forever and it never turned a profit. Wait until December when all these people have missed the boat.
I agree with you on the valuation but I think your time frame is a little off. They don't need the carbon capture to have a billion dollar market cap. All they need is enough backlog to be running at 100 megawatts a year run rate and show positive cash flow.
Read that Jackie
October 13, 2017, 9:00 am EDT
ExxonMobil Expanding New Jersey Research and Engineering Center
CLINTON, N.J.--(BUSINESS WIRE)--ExxonMobil announced today that it has broken ground on the expansion of its research facility in Clinton, N.J., a key center of innovation that supports the company’s broad research and development programs.
Read Full Release
Read "Whatever happened to fuel cells" 5/1/2017. Good 1 for sure. Big $ 2018.
Moving up after hours to high on the day flirting with short term weak resistance level. Should Breeze by to next resistance level of $2.3-$2.35. Above average volume on no news. Something's coming quickly. FCEL specific. Exciting, there are so many different updates we are waiting on.
How big of a sell-off are we going to have is the only question.
https://www.google.com/amp/s/amp.cnn.com/cnn/2017/10/09/politics/environmental-protection-agency-scott-pruitt-clean-power-plan/index.html
The only question to ask is how far is the sell-off going to go. We should have some idea by the end of the week. I never sell but I sold 10% today. No doubt people are going to be selling off.
https://www.google.com/amp/s/amp.cnn.com/cnn/2017/10/09/politics/environmental-protection-agency-scott-pruitt-clean-power-plan/index.html
The question is how far will the Traders sell off in the panic. I never sell and I sold 10%just based on the fact I know there's going to be a pullback by people that don't have faith in the company.
https://www.google.com/amp/s/amp.cnn.com/cnn/2017/10/09/politics/environmental-protection-agency-scott-pruitt-clean-power-plan/index.html
That's two analysts in less than a week that have given a $4 price Target on fcel. More to follow in the very near future and at least one of them will give a higher price Target. Going to be over $4 by mid-December no problem.
CIBC assumed coverage on shares of FuelCell Energy, Inc. (NASDAQ:FCEL) in a report issued on Wednesday morning. The firm issued an outperform rating and a $4.00 price objective on the energy company’s stock.
PS. Look at the chart from the past week and you will see there's a lot of support at $2.20. worst case scenario oppenheimer's wrong but the stock jumps up to $3 on any verification they're going to achieve their short-term goals. The only concern they have right now that keeps the stock from being $4 is people are worried about them having money to fund all the projects that they have. But if you are really interested in making big money you can listen to the quarterly report on their website. Listen to the two most recent webcast.
That was from January they had another article continuing to pursue the Beacon Falls project in February. That's not a dead deal yet but that's very old news. Just double-check the math fuel cell had a net loss of 17 million in the third quarter. That was with only 10.4 million of project Revenue. the way I look at it on the low end there's going to be at least 50 million in Project Revenue in the 4th quarter. That puts us at about a 30 million dollar net profit.
That was $60,000,000 plus in revenue. 40-50 from cells shipped to South Korea. Lowest revenue they had in any given quarter in the past few years was 10,000,000. I think projections were about 21 million prior to the 20 mw deal in South Korea. So should be 60-70 million biggest quarter ever with net profit. 1st fuel cell company ever to turn a net profit. All they need to do is show execution plan for Long Island and deliver most of product to South Korea to break the Oppenheimer Target.
Net profit 4th quarter. 60 + million Minimal expences.
Just look at the relationships fcel have with other companies. That alone speaks volumes about the company. Several of those relationships have already brought significant money into the company. Several of those relationships have money in the company now and several of those relationships are going to be bringing big money into the company within the next 6 to 18 months. The value of our company is going to at least quadruple in the next year. That is a conservative estimate and if you look at Oppenheimer, they're obviously slightly under that when they issued their news release. However we will see several analysts between now and the end of the year chiming in revising their estimates. I'm sure someone will come in lower than Oppenheimer but someone will certainly come in higher too. Then what happens when they end up on CNBC. Double wherever it's at within a very short time.
Now that's more in line of what I'm thinking. One we turn a net profit and have locked in a solid path to maintain profitability. Once the bigger investors join in and believe. It will be big news on CNBC and shoot over $100 within the next year with tons of hype, especially with the income potential and relationship with Exxon Mobile. Then there will be a big pull back to where who knows. Going to be exciting though. I'm taking something off the table at $50, then I'll watch. Heck 500 shares at 50 is a nice shopping spree.
Again very happy there's a lot of optimism. However take a look at the big picture current and past. I know these are completely different companies but that doesn't determine the value of a stock. The value of our company with the proven technology and orders to change projections of Revenue and income will change the price per share. 2 and $3 are speed bumps if we get really good news. All depends on your definition of really good news. The Beacon Falls project with verification of how it's going to be funded would be huge news as long as we don't have to dilute shares again. Proving that we have execution in place for the Long Island projects with funding is another huge bit of news that would push us over $5. Why would we not blow past hour 52 week high with news of profitability in the near future being inevitable? Are stock went way higher than that on several occasions tagging along with other companies or on rumors or speculation. By mid-December after our annual report there's no way this stock is not over $5 if we meet all of the goals we have before then. Hold on tight and enjoy the ride.
I'm glad people are optimistic but $2 is far from optimistic in my mind and way below my projections. Look at the charts and so called peers. PLUG and BLDP have no where near the revenue potential FCEL has. We should already be higher than they are. Now look at the chart. FCEL was $10 after the split on all speculation. This is cold hard reality. Net profit 4th qtr. Once we hit CNBC $10 is low.
Hm, what comes first or does it all come at the same time. Installation of the carbon capture system in Canada, details of the new deal with posco, hiring back of employees with the hope of being forgiven five million dollars of a 10 million dollar loan for retaining those employees for a year, The Beacon Falls project, completion of the engineering plans for the carbon capture program with Exxon Mobil, establishing a plan to follow through with installation of the three different projects they were selected for in Long Island? My personal favorite would be an infusion of cash from posco with details of them getting let's say 50 to 100 million dollars of cash from posco and ramping up production.
I don't have the quarterly report in front of me but I know for a fact he said the details for the Pasco deal would be worked out by the Fall. And I also know that posco has over 400 megawatts of backlog and I'm pretty sure fuel cell is going to get at least more than what the Beacon Falls project would have given them and likely still will give them
The only reason this stock isn't back above $5 is because not enough people know about it and because people are wondering how they are going to fund the 40 megawatts of fuel cells they were just awarded. They do have over a hundred million dollars of cash available. And I am absolutely certain part of the details they are working out with the major deal they have going with posco power is going to include getting some cash up front. Those details and the revised contract will be completed by fall. We will definitely get some sort of update by the beginning of September in the quarterly report. Today looked very good for fuel cell. Ballard was getting battered pretty bad especially ever after having a fairly good quarterly report. Plug Power with stagnant. The fuel cell companies are starting to be judged independently which will bode well for fuel cell as they will be the first one to turn a profit. By this time next year fuel cell will be way over $10 a share. And anyone who doesn't believe that is a fool
Keep in mind they have 124 million dollars and the last quarter they turned a gross profit. They now only need 45 megawatts of sales or 60 megawatts of operating revenue from self-owned plants or a combination thereof. The cell phone operating ones are much higher margin. So if they get 20 megawatts of sales this year to go along with their power purchase agreements they will be out of net profit. I'm certain part of the project contract they're working on with posco is going to include money down in order to build the fuel cells. There are reorganizing the contract no and I'm certain they will make it so they get cash up front from posco to make it happen. No problem funding 40 megawatts they just need to finalize funding of the 63 megawatt Beacon Falls deal which will happen this year also. By this time next year anybody who cashed out or has been making fun of fuel cells or Fuel Cell Energy will be crying that they missed the boat. My 12-month Target price is $15 and that is easily attainable since prior to the 12 to 1 split the price would have been almost 11. And that was only with hope of a 63 megawatt deal. If this kind of deal came to fruition for Plug Power it would have doubled in one day and tripled in less than a week