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I don't think we will see anything. It will be months down the line and we'll hear "axcg has left the building".
If you find out let me know. I tried buying at market value but I got a sale price of .0001.
FCEL & FCELB have the same web address. Are they the same company?
I think BK is bankrupt.
My condolences lost phd. RIP Mile.
Typo ine spp=one app.
On this ine spp, the share price before the increase was .000001. It has increased to .00005.
The other companies may not have the same share structure and considering the reverse splits that have been issued, the share may actually be worth pennies.
I know that it was old. I didn't know of the outcome. Thank you for the update.
I was posting the article because of the statement:
"The success of these campaigns will influence consumer product availability for Q1 2015."
I guess, due to dismal funding, the consumer availability won't be that influenced.
Nutraliquids Launches Crowdfunding Campaign
http://finance.yahoo.com/news/nutraliquids-launches-crowdfunding-campaigns-130000081.html
Quantum Fuel Systems (QTWW) Falls: Stock Goes Down 7.9%
February 13, 2015
by Zacks Equity Research Published on February 13, 2015 | No Comments
QTWW FCEL
ZacksTrade Now
Share Print
Quantum Fuel Systems Technologies Worldwide Inc. (QTWW - Snapshot Report) saw a big move last session, as the company’s shares fell by about 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for QTWW as the stock is now up 22% in the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, as the transportation, stationary power, and refueling infrastructure provider has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
QTWW currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
A better-ranked stock in the other alternate energy sector is FuelCell Energy Inc. (FCEL - Snapshot Report), which currently carries a Zacks Rank #2 (Buy).
http://www.zacks.com/stock/news/164288/quantum-fuel-systems-qtww-falls-stock-goes-down-79
They could stream on Playstation, on Sony's "vue".
I don't think the interviews were a ruse. The interviewer or the network would probably have to consider that they are promoting people in the scam.
In some of the titles if the PR's, it states "Gander.tv - a division of eyes in the go". So, although the website went down, AXCG is still functional.
How do you know?
I don't know if this means anything but on the website it states:
"Streaming of video and audiovisual material on the Internet or on a closed-circuit television network."
So they won't be streaming on the internet but they still have the closed circuit tv option.
How many are left?
I guess she wouldn't say "you'll be disappointed" but what about the job posting for a web designer.
The "real reality" as opposed to the fake reality.
Me too from Questrade.
He put a post on facebook asking to if they could stream the movie.
I don't know but all the stocks I lookup shows 0 as volume.
1,712,000
Here is part of the financisl reporting that they posted:
FuelCell Energy Inc. (FCEL:US - NSD)
FuelCell Energy Reports Third Quarter 2014 Results and Business Highlights
NRG Energy equity investment and $40 million committed capital for project financing further validate fuel cell value proposition
Sales mix and cost reductions supporting increasing gross margin
Carbon capture and distributed hydrogen progressing towards commercialization
Service backlog exceeds $200 million for first time, providing recurring revenue stream and supporting long term customer relationships
DANBURY, Conn., Sept. 8, 2014 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq:FCEL), a global leader in the design, manufacture, operation and service of ultra-clean, efficient and reliable fuel cell power plants, today reported results for its third quarter ended July 31, 2014 along with an update on key business highlights.
Financial Results
FuelCell Energy (the Company) reported total revenues for the third fiscal quarter of 2014 of $43.2 million compared to $53.7 million for the third fiscal quarter of 2013.
Product sales for the third quarter of 2014 totaled $32.3 million, comprising $31.0 million of power plant revenue and fuel cell kit sales and $1.3 million of power plant component sales and site engineering and construction services, compared to $45.4 million for the prior year period.
Service and license revenues for the third quarter of 2014 totaled $7.1 million compared to $3.7 million for the prior year period with the growing installed base and planned module exchanges contributing to higher service revenue.
Advanced technologies contract revenue was $3.8 million for the third quarter of 2014 compared to $4.6 million for the prior year period.
Total backlog increased to $350.2 million at July 31, 2014 compared to $342.8 million at April 30, 2014.
Product sales backlog was $137.3 million and 82.1 megawatts at July 31, 2014. Product backlog decreased $9.4 million sequentially with kit shipments to Asia exceeding new orders in North America although the composition of product backlog is transitioning to higher margin complete power plants with recent order announcements.
Service backlog was $201.8 million at July 31, 2014. Service backlog increased $20.0 million sequentially as utility service contracts, such as the recently announced United Illuminating project, assume a greater proportion of the total service backlog.
Advanced technologies contracts backlog was $11.1 million at July 31, 2014. The Company received a number of awards from the U.S. Department of Energy (DOE) during the third quarter of 2014 that are not included in backlog until contracts are executed.
The gross profit generated in the third quarter of 2014 totaled $4.0 million compared to $4.5 million in the third quarter of 2013. The third quarter 2014 gross margin was 9.2 percent compared to 8.4 percent for the prior year period. The current period gross margin of 9.2 percent is a record gross margin since the Company began commercializing fuel cells and reflects both an improving sales mix oriented towards higher margin complete power plants and away from fuel cell kits as well as lower costs from sustained production volume at 70 megawatts annually.
Net loss attributable to common shareholders for the third quarter of 2014 totaled $7.8 million, or $0.03 per basic and diluted share. Excluding the non-cash embedded derivative adjustment of $0.1 million associated with conversions of Senior Unsecured Convertible notes, the adjusted net loss attributable to common shareholders totaled $7.7 million or $0.03 per basic and diluted share. Please refer to the accompanying Notes to Reconciliation of GAAP to Non-GAAP Consolidated Statements of Operations for more detailed information on these Non-GAAP measures. For the comparable prior year period, net loss attributable to common shareholders totaled $6.4 million or $0.03 per basic and diluted share.
Year-to-Date 2014
For the nine months ended July 31, 2014, the Company reported revenue of $125.9 million compared to $132.5 million for the prior year period. Product sales were $94.5 million compared to $108.9 million for the prior year period. Service agreement and license revenues were $19.2 million compared to $12.8 million for the prior year period. Advanced technologies contract revenues totaled $12.2 million, compared to $10.8 million for the prior year period.
For the nine months ended July 31, 2014, gross profit was $7.8 million compared to $4.5 million for the nine months ended July 31, 2013. The gross margin for the nine months ended July 31, 2014 was 6.2 percent compared to 3.4 percent for the prior year period. Expanding margins reflect a more favorable sales mix combined with cost reductions from volume purchasing.
Net loss attributable to common shareholders for the nine months ended July 31, 2014 was $35.8 million or $0.15 per basic and diluted share, or excluding the non-cash embedded derivative adjustment associated with conversions of Senior Unsecured Convertible notes, the adjusted net loss attributable to common shareholders totaled $27.4 million or $0.12 per basic and diluted share. For the comparable prior year period, net loss attributable to common shareholders totaled $27.1 million or $0.14 per basic and diluted share.
Cash and cash equivalents and restricted cash
Cash and cash equivalents and restricted cash totaled $133.1 million at July 31, 2014. On July 30, 2014, the Company issued 14.6 million shares of common stock to NRG Energy for proceeds of $35 million. Net cash used by operating activities in the third quarter of 2014 was $15.9 million, including an increase in accounts receivable of $4.8 million for billings of projects announced in the second quarter of 2014. Capital spending was $2.2 million and depreciation expense was $1.1 million for the third quarter of 2014.
NRG Energy $40 million construction/term credit facility
In addition to the common stock investment, NRG Energy extended a $40 million revolving construction and term financing facility for the purpose of accelerating project development by FuelCell Energy and its subsidiaries. The Company's project finance subsidiaries may draw on the facility to finance the construction of projects through the commercial operating date (COD) of the power plants. The Company has the option to continue the financing term for each project after COD for a maximum term of five years per project. The interest rate is 8.5 percent per annum for construction-period financing and 8.0 percent thereafter.
Final Redemption of 8.0% Senior Unsecured Convertible Notes (Convertible Notes)
During the third quarter of 2014, the Company received the final $1.0 million of conversion notices under the Convertible Notes, resulting in the retirement of the instrument. There was no outstanding balance under the Convertible Notes at July 31, 2014. The Company issued approximately 0.8 million shares of common stock to settle the conversions. Net expense of $0.1 million was recorded to the Statement of Operations to adjust the fair value of the make whole liability embedded derivative to the fair value of the consideration provided to settle the make whole obligation related to converted Convertible Notes partially offset by the favorable impact from the fair value adjustment required on embedded derivatives.
Business Highlights
"We are collaborating with leading power producers including NRG Energy in North America and POSCO Energy in Asia and are in discussions with other large and influential power producers around the world, exemplifying our market segment approach of working with strong power industry leaders that both validate our power generation solutions as well as supporting power purchase agreements structures allowing the end user of the power to pay as power is produced," said Chip Bottone, President and Chief Executive Officer, FuelCell Energy, Inc. "The Company is well positioned with strong partners, committed capital for project development, a growing number of utility customers, and a product cost profile that will continue to improve with expanding production volume globally."
Another hospital installation was announced during the third quarter for a megawatt-class power plant at the University of California Irvine Medical Center, structured with a power purchase agreement so the Medical Center receives the benefits of clean on-site power under a pay-as-you-go structure. The combined heat and power configuration supports both project economics as well as the sustainability goals and health mission of the Medical Center.
Asian partner POSCO Energy is on schedule with the construction of the cell component manufacturing facility in South Korea with the building almost complete, to be followed by installation of manufacturing equipment. Once the plant is operational, increased levels of purchasing from the integrated global supply chain, whether by POSCO Energy or the Company will benefit both parties by obtaining lower pricing tiers from suppliers from the greater combined purchasing volume.
FuelCell Energy Solutions, GmbH and joint venture partner, Fraunhofer IKTS jointly received €4.9 Million (~ $6.5 million) in awards from the Germany Federal Ministry for Economic Affairs and Energy in the third quarter of 2014 for a three year project to further enhance the power density and operating life of DFC products. This funding illustrates the growing interest in large-scale stationary fuel cell power plants in Europe.
Advanced Technologies
The Advanced Technologies group is developing new markets for the Company's commercial power plants for distributed hydrogen and carbon capture solutions as well as commercializing solid oxide fuel cells (SOFC) for adjacent sub megawatt opportunities. Recent contracts and awards include:
Carbon Capture
Phase III funding of $1.2 million awarded by the DOE for routing flue gas from coal-fired power plants into DFC® fuel cells to concentrate and capture carbon dioxide (CO2).
Distributed hydrogen
The Company's tri-generation installation at the Torrington manufacturing facility was included in the 2014 low emission renewable credit awards (LREC) from the State of Connecticut. The plant is expected to be operational in the Fall and the tri-generation output of clean power, usable high quality heat and hydrogen is forecasted to generate annual savings of $0.2 million.
Solid Oxide Fuel Cells
Accelerated commercialization of SOFC technology is supported by the recent $7.5 million notification of award from the DOE Office of Fossil Energy to advance the robustness and improve the cost profile the Company's highly efficient SOFC technology.
Storage
The Company received an award for a gas-to-liquid project using SOFC technology to convert natural gas into liquid methanol. A market is enhanced oil recovery in remote locations where natural gas is flared as it is not economical to transport the gas. Methanol has a high energy density enabling cost-effective transportation. Contract negotiations are in process with the DOE under a $3.5 million award from the ARPA-E program.
The Company received an award for an electrolysis project utilizing carbonate DFC® technology in reverse to cleanly and cost-effectively convert natural gas and electricity into hydrogen with only minimal carbon emissions. Target markets are hydrogen production and conversion of electricity from intermittent renewable sources during periods of low demand into hydrogen, a storage medium, which is then available as a fuel source for peak demand periods. Contract negotiations are in process with the DOE under a $0.9 million program.
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