Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
http://amenews.kr/m/view.php?idx=40287
Thank you M45?
http://www.globenewswire.com/news-release/2019/09/09/1913061/0/en/Atlantis-Acquisitionco-Canada-Corporation-Acquires-100-of-Common-Shares-of-Hydrogenics-Corporation.html
https://www.displaydaily.com/article/press-releases/doosan-to-spin-off-its-oled-materials-business
Posco spins off fuel cell business
Payday is coming!
Don’t forget the ARPA E projects.
not sure the search link will come through but if not just do a fuelcell search on the general site.
https://arpa-e.energy.gov/?q=search/node/Fuelcell
I’ll get back at you when it’s my turn jack.
Payday is coming!
Divided received on the 14th retracted on the 19th.
FCELB up 48% today odd!
Payday is coming!
Doosan shareholders approve spinoff of fuel cell,
https://m-en.yna.co.kr/view/AEN20190813002600320?
Anyone else holding FCELB have a dividend hit their account today? I did.
Going to be a good week!
Posco Energy is in the process of isolating their fuel cell/lng business through a series of mergers with the parent Posco and transferring their combined cycle power generation portfolio to the parent. Taking steps to isolate their fuel cell business just like Doosan and the timelines make a lot of sense to me. Posco mergers September 1 Doosan spinoff October 1
http://www.businesskorea.co.kr/news/articleViewAmp.html?idxno=30914
There are Edgar filings supporting this timeline. I would have to dig them up but have posted them in the past.
Exclusive license for all of Asia don’t have time to investigate whether it’s transferable.
Initially 85 patents.
Original filing links, just in case someone wants to review.
https://www.sec.gov/Archives/edgar/data/886128/000088612812000009/fuelcell8-k11x6x2012.htm
https://www.sec.gov/Archives/edgar/data/886128/000088612812000009/fuelcell8-k11x6x2012.htm
Wondering if whoever acquires Posco fuel cell business will also acquire an exclusive license to MCFC technology under the Posco/FCEL license agreement and retain exclusive rights to all of Asia?
I’m speculating that they swallow Posco Energy’s Fuel cell business as well as FCEL. SWAG
http://www.doosan.com/download/pdf/ir/report/2019_04_presentation_en.pdf
According to documents compiled by Rep. Kim Kyu-hwan of the main opposition Liberty Korea Party, the company has been seeking ways to spin off its fuel cell manufacturing unit first and then turning it into a joint venture with new investors. The plan is widely expected to mean Posco Energy’s exit from the fuel cell business, which it has been losing money in for years.
http://m.koreaherald.com/amp/view.php?ud=20180816000633
Doosan Group delivers stellar Q2 results, rebounding from nuclear phase-out blow
Sales at its fuel cell business surged 40 percent, helped by a steady stream of supply orders for the byproduct hydrogen fuel cell power plant currently under construction at Daesan Industrial Complex in Korea. It received orders worth 259.5 billion won in the second quarter to total 459.8 billion won in the first half, pushing up the order backlog at 1.8 trillion won.
https://m.pulsenews.co.kr/view.php?year=2019&no=567991
***************
Doosan Corp. to Spin Off Fuel Cell, OLED Material Business Units
Doosan is planning to hold an extraordinary shareholders meeting on Aug. 13 to obtain approval on separation and relisting of the two companies and then spin off the firms on Oct. 1
http://www.businesskorea.co.kr/news/articleViewAmp.html?idxno=30915
Legit question for the board. If the company knew they were sitting on game changing news, why would they be willing to massively dilute the common @.38 vs waiting until after the release and a stronger PPS?
Don’t care about OS?
Don’t have news pending?
Already planning another RS?
Yes, it doesn’t take a math genius to calculate that longs holding shares pre-split now hold 1/12th of the number of shares they held pre-split, but the OS is about the same.
Just takes twelve times as much appreciation as it used to to break even.
Three year business plan doesn’t exactly sound like an imminent bankruptcy.
Bonus payments seem to be reasonable. Particularly given this language.
Bottone got those kind of payments (.5m$) on his own and on an annual basis.
“the achievement of certain milestones – specifically, (i) the receipt of certain customer payments, (ii) the closing of a refinancing of the Company’s senior secured credit facility, and (iii) the submission of an updated three year business plan to the Board of Directors of the Company.”
Wonder who owes FCEL and how much.
http://d18rn0p25nwr6d.cloudfront.net/CIK-0000886128/388e8a36-40d2-483d-a1bc-6d7391018dba.pdf
Totally depends on resolution of “going concern” warning language.
100mw with Posco and BK equals disaster for Longs. Risk potential equals reward potential.
Risk is currently winning.
Most of the credible posters here try to provide links to support their arguments. Do you have any to support your statements?
They have no competition in utility scale MCFC, they own that market.
They are on the cusp of out competing Bloom Energy when it comes to SOFC. The Pittsburgh project will inform the market. CSA architecture is a game changer!
Go back and review this from last year and make your own comparisons to the current share structure.
Last year at this time there was an OS of 84m shares, $14m in outstanding series C, and a boatload if warrants. Hercules was due $26m The series D had not arrived on the scene yet and the stock was trading at around $1.40 ($16.80 split adjusted).
Compare that today with both series of convertible preferred in the rear view and Hercules down to something around $14m.
Huron is doing a great job of cleaning up the share structure and two major pps overhangs were eliminated in the last week (Posco and preferred).
I’ll be taking advantage of what I would anticipate to be a knee jerk reaction of the market tomorrow and or this week.
https://www.sec.gov/Archives/edgar/data/886128/000156459018015202/fcel-10q_20180430.htm
Not gonna go there, but I Am Placing my bets with both FCEL and FCELB
Wasn’t very long ago that we had 30+m$ in outstanding floorless convertible debt and 150m os. With a pps at 2.40-5.00 (split adjusted)
All we need now is to get past Hercules, the rest of the debtors will be more cooperative. This will recover soon and probably in an instant when they announce the sale of the company to a deep pocket interested party. Take your pick on who will start the bidding war.
Good move!
Pain is temporary when one is surgically removing a cancer before it metastasizes.
Give it a little time to heal, and we will be healthy again.
The U.S. is also researching ways to produce hydrogen from low-cost nuclear power, which can complement traditional hydrogen production, balance the intermittency of renewables, and provide more economic opportunities. Thank you for hosting this important discussion @IEABirol ! pic.twitter.com/bERHqJYjn1
— Dan Brouillette (@SecBrouillette) July 11, 2019
We all knew that the BP stacks were due for replacement at the time of acquisition. Probably why FCEL picked up this 70m$ asset for 35m.
I’m sure they can replace the stacks themselves a whole lot cheaper than what they would have charged Dominion.
Meanwhile, generation revenue is being booked.
Trading4it, I suspect these stacks will be shown as cost of generation vs generation revenue.
Relevant language from the most recent Q
We have historically relied on POSCO Energy to develop and grow the South Korean and Asian markets for our products and services. We entered into manufacturing and technology transfer agreements with POSCO Energy in 2007, 2009 and 2012, each of which expires on October 31, 2027. The Cell Technology Transfer Agreement (“CTTA”) provides POSCO Energy with the technology rights to manufacture SureSource power plants in South Korea and the right to sell power plants throughout Asia. The CTTA requires POSCO Energy to pay to the Company a 3.0% royalty on POSCO Energy net product sales, as well as a royalty on scheduled fuel cell module replacements under service agreements for modules that were built by POSCO Energy and installed at plants in Asia under the terms of long term service agreements between POSCO Energy and its customers.
In March 2017, we entered into a memorandum of understanding (“MOU”) with POSCO Energy to permit us to directly develop the Asian fuel cell business, including the right for us to sell SureSource solutions in South Korea and the broader Asian market. In June 2018, POSCO Energy advised us in writing that it was terminating the MOU effective July 15, 2018. Pursuant to the terms of the MOU, notwithstanding its termination, we will continue to execute on sales commitments in Asia secured in writing prior to July 15, 2018.
On or about November 2, 2018, POSCO Energy served us with an arbitration demand, initiating a proceeding to resolve various outstanding amounts between the companies. Although we have made counterclaims and believe we have valid defenses, we cannot predict the outcome of this or any other proceeding.
https://www.sec.gov/Archives/edgar/data/886128/000156459019022672/fcel-10q_20190430.htm
I’m not sure but something beneficial to FCEL is happening IMO.
FCEL currently has an exclusive (to all of Asia) license Agreement with Posco for MCFC technology that provides royalties but excludes direct access to Asia by FCEL.
There was an MOU (now cancelled) that allowed FCEL access to Asia resulting in a 20MW sale to KOSPO. That was a 60m$ direct sale plus LTSA and the 1 year performance results were put out in a PR last week.
I suspect there will be either a resumption of cooperation between FCEL and Posco or that access to the Asian market has been restored.
The Korean article posted earlier this morning is also telling.
Anyway you slice it, it’s good for FCEL vs the status of the last year or so.
POSCO Issues US$500 Mil. Worth of ESG Bonds
POSCO chairman Choi Jung-woo said, "The issuance of ESG bonds will allow POSCO to further strengthen its investment in energy and environment sectors.
http://www.businesskorea.co.kr/news/articleView.html?idxno=33728
Although we don’t know the terms, that’s big for FCEL. Been a huge overhang as 50% of revenue has come from POSCO in the past.
Posco - amicable resolution.
http://d18rn0p25nwr6d.cloudfront.net/CIK-0000886128/143b3c9c-2541-4f1c-899e-a902ee857427.pdf
Also posted this awhile back but it didn’t get much attention at the time. Pay particular attention to the CSA technology progress for SOFC design as it is also being used in the Exelon CRADA collaboration.
SOFC update available
https://www.netl.doe.gov/sites/default/files/2019-05/2019%20SOFC%20Proceedings/FE1-20th%20Annual%20SOFC%20Workshop%20-%20FCE%20Team.pdf
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=148825362
Here is additional information regarding the technology.
Technology Transfer Activities
FCE is exploring SOEC systems market opportunities in a variety of applications under a Cooperative Research and Development Agreement (CRADA) with participants including: Exelon, Idaho National Laboratory, Sandia National Laboratory, Argonne National Laboratory, and National Renewable Energy Laboratory.
• Forecourt Refueling – Small Commercial – Small, single module system
• 50 MW Block – Mid Industrial/Central
– 32 MT H2/day
– Process Integration (Ammonia, steel, etc)
• 1000 MW Block – Large Industrial/Nuclear
– 640 MT H2/day
– Thermal Integration – coupled with industry
– Performance of a 45-cell CSA stack, capable of producing > 4 kg H2/day, was verified with virtually no degradation in ≥3500 hours of tests under simulated system conditions with electrical efficiency >95% (based on LHV of hydrogen) at ≥1 A/cm2
https://www.hydrogen.energy.gov/pdfs/review19/ta019_ghezel-ayagh_2019_o.pdf
Still looks like a dead cat haha
Yup, no problem we all have a game plan! No offense intended. I play a bigger and longer term game. Been buying FCEL since $5.00 presplit (yup $60 now). Also still holding more than most, that I picked up at .20-.30 in the last few weeks.
Holding way more than I’m comfortable with.
I’ll be a seller when my retirement is secure.