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Relatively meaningless.
There’s no real shame for taking a big loss on legacy shares. I myself took well over 100k loss on my presplit shares. It Was the $.20 post split shares that saved my ass.
Those of us that have been around for awhile can feel the pain that we all experienced.
Monetizing technology is still possible, but to date, is completely unproven.
Disclosures
I am currently long FCEL
Held 200k shares in late 2019 with an average cost of around $1.70 (post split) sold all in December/January at around 3$
Bought back in at $1.97 whenever that was available and sold out at $2.74 when I had the chance. Left a few $ on the table as it ran on up to like $3.25.
Waited, and am now a holder at about break even and looking for an appropriate exit.
I happen to believe there is a big bomb about to be dropped so I plan on holding for a bit.
I also hold 300 shares of FCELB that I started buying at $50. I have a big gain there, sold a couple hundred awhile back but just canceled a gtc order @ 437.5that was pending for the last month or so.
Why- stay tuned!
So, you took a 60k$ loss 1800 shares? Man that’s hard to swallow.
“and because I sold my most expensive shares, my $26,000 capital gain turned into a $34,000 capital loss”.
You can find historical press release info on the FCEL website.
https://investor.fce.com/press-releases/default.aspx
There are progress reports available for both projects if one knows where to find them.
Some, but not all, have already been posted.
Biggest news on SOFC developments this year by FCEL was the failure of the Pittsburgh project.
That’s a demonstrably inaccurate statement. Here is the complete file for petition 1372 including the approved D&M plan that includes nothing regarding a “construction start deadline”.
The D&M plan was approved in April.
Executive order 7 is addressed at the top of the first link and a link to order 7M is also provided.
***********
If I am incorrect or perhaps missed it, please provide a link to a “commencement of construction deadline”.
https://portal.ct.gov/CSC/3_Petitions/Petition-Nos-1371-1380/Petition-No-1372-Derby-Fuel-Cell
https://portal.ct.gov/-/media/Office-of-the-Governor/Executive-Orders/Lamont-Executive-Orders/Executive-Order-No-7M.pdf
3. Authority to Extend Statutory and Regulatory Administrative Deadlines by 90 Days. Notwithstanding any provision of the Connecticut General Statutes, any regulation, or other provision of law, I hereby authorize each department head, commissioner, agency head, and board and commission of this State to extend, as they deem reasonably necessaiy to respond to the COVID-19 pandemic or its effects, any statuto1y or regulatory time requirements, decision-making requirements, hearings, or other time limitations or deadlines, procedure or legal process pe1iaining to matters under their respective jurisdiction, functions or powers for a period not to exceed 90 days. Department heads, commissioners, agency heads, and board and commission of this State may issue any orders necessmy to implement and effectuate the purposes of this order and shall publicly post and maintain such orders on their respective websites.
Approval of D&M plan
https://portal.ct.gov/-/media/CSC/3_Petitions-medialibrary/Petitions_MediaLibrary/MediaPetitionNos1301-1400/PE1372/pe1372_dcltr-dm_20200424.pdf
Don’t try to teach me how to invest, and I won’t try to teach you how to evaluate a company and it’s fair market evaluation.
Your broker is the “holder of record”
Ameritrade 1
Etrade 2
BlackRock 3 and so on.
The only potential PPS outcome I see here is negative in the event of delay. On time delivery is fully anticipated and success means nothing to the priced in upside.
There is nothing significant and new in the books after Groton.
Doesn’t mean that can’t/won’t change.
I’m long but looking to exit at break even or small possible gain.
Best outcome for me is a material announcement of something unexpected.
Might want to research Triangle street actual COD vs anticipated.
Triangle st was the first installation of a sure source 4000 and was delayed by months if not years. If they can pull of the second and twice the size installation on time, that would be significant progress.
I am personally skeptical.
Dilution always helps the loss per share. 250m by earnings report imo.
https://www.sec.gov/Archives/edgar/data/886128/000110465920078078/tm2023525-1_s3.htm
https://www.sec.gov/Archives/edgar/data/886128/999999999520001863/xslEFFECTX01/primary_doc.xml
Seems like a lot to me anyway.
Ok, I personally welcome a pros/cons discussion. I don’t have a lot of respect for those that only see potential and don’t want anyone discussing risk. If you’re not willing to look at both risk and reward, you shouldn’t be investing.
Anyone that has been around this stock has seen both and the long term era got burned bad for a long time.
Fortunately, we all got a chance to right the ship. Not my problem if you refused to disembark until repairs weren’t made and seaworthiness was/is certified.
Exelon/FCEL CRADA is complete and the TEA has been provided. Now let’s compare those results to PEM and let the economics provide direction. Did you see how many HTSE cells are required to build out a singular facility?
DOE quote
“Stay tuned ...”
https://www.energy.gov/ne/articles/could-hydrogen-help-save-nuclear
Keep your eye on the prize. HTSE has significant advantages over PEM. see my earlier post/links
*********
Same article that Max posted (thanks Max)
Burke said future project work will develop a high-temperature electrolyzer that will use steam from one of its reactors. DOE says nuclear plants, which produce high-temperature steam, could be used in solid oxide electrolyzers that have lower electricity requirements and therefore should have lower costs.
https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/exelon-expects-to-soon-name-nuclear-plant-getting-hydrogen-electrolyzer-58968111
Lightrock, I thought you may have an interest in the following links. Maybe you and a few other technically minded posters here could weigh in with any feedback.
There’s a lot to unpack here, but I found it quite interesting. Read/study the links in sequence and they sort of tell a story.
There is also quite a bit of related information out there but takes some deep digging.
https://www.osti.gov/biblio/1513461
https://inldigitallibrary.inl.gov/sites/sti/sti/Sort_18785.pdf
Many utilities are considering a hybrid approach to improve the economics for base load energy sources like nuclear reactors. ☝️ opportunity is to utilize nuclear’s thermal heat and electricity to produce hydrogen.https://t.co/AxjsHD5Zmp
— U.S. Department of Energy (@ENERGY) July 21, 2020
Clueless, thanks but no thanks!
Be glad to refresh your memory soon.
“Stay tuned”.
If I could get wealthier and get a Harley repossessed at the same time, I couldn’t think of a better outcome.
4-5-6-8-10-20. Wheeeee
Went long FCEL today. Have a reason, but probably won’t share it until the countdown is over.
Hint - it has nothing to do with Groton.
Same! GL
Petronet renews investment deal with Tellurian:
https://finance.yahoo.com/amphtml/news/indias-petronet-renews-investment-deal-150839145.html
FCEL blanked again when hydrogen is the topic.
https://www.energy.gov/sites/prod/files/2020/07/f76/hfto-h2-at-scale-new-markets-foa-selections-for-release.pdf
Unsustainable bubble, look back a year and tell us what has changed so dramatically. No new sales this year!
https://www.zacks.com/stock/chart/FCEL/fundamental/market-cap
August will be at least 250m
Split adjusted
Table of the FCEL shares outstanding history going back to 12/4/2015:
Date FCEL Shares Outstanding
12/4/2015 2.12M
12/31/2015 2.22M
3/4/2016 2.42M
6/6/2016 2.62M
9/6/2016 2.80M
1/3/2017 3.36M
3/6/2017 3.54M
6/6/2017 4.96M
9/6/2017 5.12M
1/2/2018 6.31M
3/2/2018 6.80M
6/1/2018 7.16M
9/4/2018 7.78M
1/4/2019 8.66M
3/4/2019 10.79M
5/9/2019 10.79M
6/13/2019 27.42M
9/6/2019 125.91M
1/14/2020 210.97M
3/11/2020 210.97M
6/5/2020 211.06M
https://www.sharesoutstandinghistory.com/fcel/
Don’t spend a lot of time on it for my benefit. I already know the answer.
Who is Lawrence I Rosen and why does he own so many shares of FCEL?
http://d18rn0p25nwr6d.cloudfront.net/CIK-0000886128/497671ef-ac34-4754-93ba-132d39e6d106.pdf
7.4 kg H2 per second seems like a lot - right?
Oh, I found it myself.
BE +8.58%
BLDP +7.51%
PUUG 4.69%
FCEL + 2.84%
FCELB - even
Looking forward to today’s “evening analysis”
Lagging the leaders in the industry seems to be a trend. No?
75 million $ ATM is active and 17 millionish warrants registration to Orion @24 cents is pending.
Last I checked, FCELB is still preferred and senior to the common. Pay me first!!
There’s at least a year between Groton and the next significant project. Drifting lower unless something significant is announced. We all know it takes at least a couple years between a new project and completion. Probably
See another reverse split before they can right to ship of holes!
Congrats to those traders out there that actually TOOK a profit!
Nothing except dilution. That’s what I thought! Much more likely to see 1 again than 10.
This was trading at around a dollar three months ago. Why don’t you tell us what has changed so drastically except for the dilution thing?
I’m looking for a reentry myself but that’s not gonna happen at 3$. I know about a couple things that aren’t common knowledge here.
Can I get a $2.20?
Refresher post! Link back!
Big money diluters in action this week!
Upwards movement on significant volume for no real reason.
I hope some of the long’s are taking advantage as well.