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Shares of FuelCell Energy Inc. FCEL, -0.35% sank 8.8% in afternoon trading Wednesday, to lead its fuel cell peers in losses, after a relatively tepid endorsement of the fuel cell company by KeyBanc Capital analyst Leo Mariani, who cited smaller revenue and less visibility on near-term growth compared with its peers. And while Mariani is positive on fuel cell industry for the long term, he believes it could take years before they become competitive relative to traditional energy sources. Mariani started coverage of FuelCell at sector weight, while initiating Plug Power Inc. PLUG, -0.94% at overweight and upgrading Bloom Energy Crop. BE, +1.61% to overweight from sector weight. He also initiated Ballard Power Systems Inc. BLDP, -0.69% at sector weight. "Fuel cells can't compete today on economics with power generated by fossil fuels, but they will offer much cleaner and more reliable power vs. traditional grid sources," Mariani wrote in a note to clients. "We think fuel cells will become much more competitive later this decade as technological progress and much greater manufacturing scale drives unit costs lower, much like the world saw with progress on [electric vehicles] and solar and wind energy." Shares of Plug Power shed 5.0%, Bloom Energy dropped 6.4% and Ballard Power gave up 3.5%, while the S&P 500 SPX, +0.34% slid 1.1%.
https://www.marketwatch.com/story/fuelcell-energy-stock-leads-fuel-cell-peers-in-losses-after-tepid-endorsement-from-keybanc-analyst-2022-01-05
Retail investors typically buy and sell stocks in round lots of 100 shares or more; institutional investors are known to buy and sell in block trades of 10,000 shares or more.2
Institutional investors invest in large chunks i.e. they invest through block trade (large size of the investment fund) which allows them to have preferential treatment like lower transaction cost, fewer regulations, and quicker execution of their order. This benefit is also reaped out by the investors who have given their funds to institutional investors for investment purposes.
Not sure if you know what you are saying.
https://www.educba.com/institutional-investors/
Wouldn't that mean large volume and a increase in share price? Hmmmm
I would think the cheaper and more profitable source (electricity) would be the more desirable but hey whatever right?
Exactly. Because a short buy is defined as
A "short" position is generally the sale of a stock you do not own. Investors who sell short believe the price of the stock will decrease in value. If the price drops, you can buy the stock at the lower price and make a profit.
Didn't close green. Hopefully Monday will be green.
The case is ALWAYS MADE FOR PROFIT PERIOD.
https://www.afpm.org/newsroom/blog/oil-and-petroleum-imports-russia-explained
In 2021, the U.S. imported an average of 209,000 barrels per day (bpd) of crude oil and 500,000 bpd of other petroleum products from Russia. Although Russian crude accounts for only three percent of U.S. crude oil imports and about one percent of total crude oil processed by U.S. refineries—Russian crude oil imports are important to refineries on the West Coast and Gulf Coast. Read more on this topic from AFPM’s industry analysts in their recent assessment: “U.S. Imports of Crude Oil and Petroleum Products from Russia.”
The United States imports 3% of our oil from Russia not 30%.
Finally facts.
For FCEL
Didn't work out for a green day because real investors see losses!!!!!!
33 cents a share loss for the quarter and 82 cents loss for the year and worse than expected and they did their part??? Stock down pre results and .2% rise afterhours. Revenue great but real investors weren't impressed.
I would hope so since FCEL is 67% below it's 52 week high.
Exactly. I'm not an analyst so my sales projects are meaningless and worthless. That's kinda what professionals are for.
https://www.energymagazine.com.au/round-two-open-for-future-fuels-funding/
Here's one didn't take long long at all. Just recently
Sorry 2024
Did you search for "losses" which is what the comment was about. Your comment is non-sequitur.
Imagine a representative from a fuel cell company speaking at a hydrogen conference. Wow shocking and incredible.
The dead cat definitely started again today
Well then I guess that's why there is a .03 cent difference in estimates. Wow great job you figured it out.
I know that this company is not a fuel cell company but Enphase rocked their earnings and made a profit (weird I know some green energy companies actually make money). Great quarter from a solar leader and much more BBB money will eventually go to solar and wind in the end I believe since it more established and proven.
So they are shorting here too? Lol
Tik Tock. Spot on and correct as always. Keep it real.
OF COURSE YOU ARE RIGHT AS ALWAYS AND NOTHING ELSE MATTERS. LOL LOL LOL LOL
I don't remember Tesla being mentioned and FCEL is definitely not Tesla.
I guess missing earnings estimates 21 out of the last 26 quarters is good by your standards? Seriously? You can call it what you want I call it garbage and poor performance.
All you have to do is read the 4th quarter "earnings" to know all the facts you need to know. My resume looks great too but resume's are not factual great earnings and on time completion of projects and realizing actual profit are actual facts.
But the whole sector is down, but the shorts are doing it, it's market manipulation lol
It was said to have been done each month for the last 12 months on this board and yet here we are still not done.
I would imagine since this was the Q-4 earnings transcript that would mean January 2022 but then I would be that that one person out of out 100 who happens to see an elephant LOL. And I'm going to just go out there and say yes it definitely is.
So mid January is not the 15th and why does that matter?
On the 7.4-megawatt project at the U.S. Navy Submarine Base in Groton, Connecticut, we have resumed commissioning activities after a brief delay to complete some necessary repairs. We expect to complete commissioning and achieve commercial operations by mid-January. Once fully operational, incorporation of this platform into a microgrid is expected to demonstrate the ability of FuelCell Energy's platforms to increase grid stability and resilience while supporting the U.S.
https://www.fool.com/earnings/call-transcripts/2021/12/29/fuelcell-energy-fcel-q4-2021-earnings-call-transcr/
FCEL Needs To Improve Its Project Management
In FQ4'21 Earning Report, FCEL reported that its Groton Project is expected to achieve commercial operations by 15 January 2022. Otherwise, by 15 February 2022, FCEL would require extensions from the Navy for the project and East West Bank for its debt financing. It is important to note that the East-West Bank had already granted multiple extensions to FCEL from the original contract date of October 2021 to December 2021 and finally February 2022 for a fee of $0.2M. FCEL had disclosed that a further delay would have a "material adverse impact on its financial condition and results of operations."
In addition, FCEL recorded impairment charges of $2.8M related to the Toyota Project in FQ4'21, due to unforeseen construction delays & failure to procure renewable natural gas at viable pricing. The company also expects to incur similar charges moving forward. There are also no further updates for the 2Y partnership with ExxonMobil, after the announcement of the project extension until April 2022. This execution track record does not reflect well on FuelCell's capabilities. Cowen analyst, Jeffrey Osborne, said:
Disappointing 4FQ results reflects the lumpy nature of the company's project timing. We don't expect clarity around future project start dates after seeing delays continue to emerge. ( Market Watch )
No profit, no results, no fundamentals, and continued missed earnings and delays in finishing projects.
https://pandaforecast.com/stock_forecasts/forecast_fcel/
There's a good reason why.
Elon Musk vs. Jason Few is a huge difference. Probably 99% of the stocks pre-profit hype.
Just verifying that you are absolutely correct.
Hydrogen can be produced from diverse, domestic resources. Currently, most hydrogen is produced from fossil fuels, specifically natural gas. Electricity—from the grid or from renewable sources such as wind, solar, geothermal, or biomass—is also currently used to produce hydrogen. In the longer term, solar energy and biomass can be used more directly to generate hydrogen.
https://www.energy.gov/eere/fuelcells/hydrogen-resources
department of energy