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All one has to do is look at the 1st quarter comparative #'s to know the mountain it has to climb just to break even.
The rest is promises, hopes and a prayers which is all Longs have been given for years.
Losses will go on and on while sales may creep up. And oh those EXPENSES.
https://investor.fce.com/press-releases/press-release-details/2024/FuelCell-Energy-Reports-First-Quarter-of-Fiscal-2024-Results/default.aspx
As they say on wall street, " Volume is the weapon of the Bull". FCEL's was anemic. On a day the Industrials were up 477 points, no buying or selling interest was shown in FCEL. So it floated up being only sympathetic with a huge gain in the market. HA!
The good news was it held support I mentioned yesterday at $1.10 . The bad news is its not out of the woods.
Beware Bulls; Sellers are waiting. Shorts are looking to pounce at a little higher prices and chartists are looking to do the same at various resistance points with $1.25 being significant; then $1.33- $1.35 and finally the big one at $1.50.
Put your mosquito spray on . You're gonna get bitten again! DEAD CATS ALWAYS DO.
When the Kaplunk comes, every excuse for it will be made as usual. Then April expectaton will become Mays or Junes. Watch
FYI- Charts give indication of what conditions exist and expectations are. They are a graphical representation of what investors see now and coming. They're formed after careful analysis by professionals, company reports, fundamentals, and technical analysis.
Charts and their indicators are helpful tools in decision making.
Had you paid attention to all of the above and not paid homage to the happy talk spewed out by a one sided promotor, you would not be in the loss position you seem to enjoy.
The main question is what the record shows. Your idol has one big king size abyssmal one.
The price to book value is $.77. THAT'S A FACT
https://www.discoverci.com/companies/FCEL/price-to-tangible-book-value-p-tbv
But the avg px tgt by analysts puts it at $1.45. ..... NOT $4.50
Who do you accept the FACTS from ? Numbers do not le. Analysts are thorough and objective. Promoters haven't been even close for3 years.
Hogwash says he's here every day to " just communicate with other investors".
Not exactly ! Actually he's trying to coax others to Buy the shares giving them a 1 sided view while purposely omitting the other.
That's not communication. It's a daily spoon feeding promotional effort to keep Longs believing that something great is about to happen. Funnily, it never does and the exact opposite does.
I'm here to to take the lipstick off the pig.
You've hit a nerve . Believe me he reads all of it. Yours and mine . But dare not engage because he'd lose.
The emperor has no clothes.
Quote " Carnage starts on 4/4 "
First it was Sept and Oct. Then it was " by the 1st of the year". Then by March.
Now its April.
Does HOGWASH really think savvy investors put any credence in what he says.
Doesn't know what fundamentals are. Hasn't a clue on how to read charts. Creates exaggerated px/tgts w/o justification. Puts himself out of someone who knows more than the company and innudates the board with links that are unrelated to FCEL's prospects. Ignores professional research. Blocks out anything that interfers with his one sided mindset.
And here he is every day watching the stock drop and only finds excuses for why.
The market has spoken. It places this stock just above a dollar. That should tell anyone what investors believe.
After the 1 for 150 reverse split.
You're confessing to your mistakes of judgment.
The only reason you're adding shares here is to avg down from your hugelosses doing the same thing.
And Longs out number others because there stuck with little to do but hang on.
Shorts have been right all along. Sellers saw it coming and sold. The remainder other than Longs are wisely done nothing but preserve capital.
Oh sure the company will have a potload of cash at these low prices by selling into the market. That accomplishes 1 thing; that is dilute the value of your shares.
And that keeps a n even heavier lid on the sh/px than the abyssmal losses the company will incur and in the past.
You haven't learned and all I see from your post is a confession of the mistakes you made.
Get some schooling.
The resolution of direction all depends on whether the stock can hold support at $1.10 and then more importantly, $1.00 -$1.05. Breaking below that would be a disaster for the price.
There is a base being built in the major support area ( $1.00-$1.05) and prior successful tests auger well . The longer the base, the higher the move. It need not be tested again, but it wouldn't hurt..... especially if it holds.
As respects resistance, $1.20 area is the 1st level and $1.25 is more formidable.
I'm convinced the stock has overhead resistance at so many levels higher, that no huge move up can be sustained. Therefore, a trading range is all that can be hoped for.
Traders see this all as an opportunity to scalp small Dead Cat Bounces . Investors are looking for some reason to Buy and Hold the stock . Thus far there have been none ; neither fundamental or technical.
Those who own it and have held it for years have been prisoners by doing so. They now have no choice but to sit in it and wish for better times .
It's still all adds up to the fundamentals, technicals and trustworthy professional research . Anybody Listening ? I've been saying it for years.
It all adds up to this:
The market doesn't tolerate UNCERTAINTY.
And that's exactly what it sees.
1) It's a project to " explore the development of ".....
2) production of hydrogen from ammonia in the Baytown project is expected in 2028 .... 5 years from now.
3) "Ammonia does not emit carbon dioxide when burned, though its production releases emissions when burned with fossil fuel. " Exxon/Fossil Fuel !!!
Sum it up:
a) It's a project to explore the development; not a revenue gaining project
b) Even the Baytown project is not expected to be on line before 2028.
3) Exxon must be using fossil fuel to produce ammonia. It's production releases emissions . The EPA will have much to say about that.
When buying an electric car, buyers 1st concern is " rolling blackouts". LMAO
I remember 1 that lasted 2 hours. Good thing I don't own an Electric vehicle. But if I ever do, it'll be a hybrid.
Did everyone read what HOGWASH wrote ?
"Why not stick some units on existing fossil fuel plants"
Does he not know that it defeats the purpose. The energy used to drive the Fuel
Cell is electricity produced from the very fossil fuel that the Environmenatal Agency wants to eliminate.
The Agency makes a strong point. Its COUNTERPRODUCTIVE AND DEFEATS THE PURPOSE.
GEEZ- He doesn't get it..... or refuses to face facts.
What ends will some go to distort common sense?
You've confirmed my point made earlier.
Thanks
2 of the 4 Analysts have reduced px/tgts to $1.35. A third maintains a Sell and a px tgt of $1.00. Here's why:
Exxon has said all progress toward Carbon Neutral wil cease unless tax credits are provided. So far, Biden has supported Solar and Wind and not Hydrogen.
Optomists are expecting Biden to agree to permit tax credits but watch for conditions accompanying them. They'll be stringent both from the EPA, local authorities, and other regulatory bodies.
Price is an obstacle as its not seen that hydrogen can be competitive. Price must come down.
Even so, how long will it take FCEL to generate revenues sufficient enough to re-coup the drop of 55% in revenues the last quarter. Moreover, losses are expected to continue through 2029, and that, with all the far-fetched Bull expectations coming from hydrogen promoters, will not move the needle say
those who do thorough research.
All of this and more places the stock in pennyland for years to come.
Not one of the last hundred of links say otherwise.
A Carbon tax credit which in of otself has been delayed , is now a further stumling block by Exxons statement togo forward with the work with Exxon.
This does not auger well for FCEL's chance to achieve Carbon Neutral by 2030 -2050 and puts a big question on FCEl's ability to garner contracts in the future.
Should this obstacle lingers on. ( Manchin), what then does FCEL have going for it in its prospects for increasing revenues in the near and intermediate term at least ?
Failed to Hold Support at $1.15 but only marginally. I don't count it as a break in support ; but will if it falls below $1.15 again. If so, the next area to watch is the $1.10 area . Below that and it'll be testing real support at the $1.00 -$1.05 where solid support does exist. That's where a base has formed and was successfully tested times.
The market as a whole needs a correction from its recent run. As Buyers step aside and profit takers enter, weakness spills over to the less fundamentally sound stocks. FCEL is undoubtedly one of those.
Penny stocks are there for good reason. Hope of change is just that. HOPE!
No ticky, No tocky.
With resistance at so many levels and the stock already moving higher from the support level, it would not be beyond the realm of expectations to witness a pull back to the $1.15 level or even just above $1.10.
From there its anybodies guess as to what direction it takes.
Major resistance is $1.25 ; then in the low $1.30's ( which would be an overshoot should it continue higher today or monday.
The Exxon news earlier is factored in the price. The Hydrogen incentive news Biden offers was expected. What's needed is firm contracts based on it.
Even then, with a 55% drop in revenues it would take an80% increase in revenues just to be even with the prior quarter. Then of course its all about the earnings losses.
We know they will continue for six more years according to analysts of repute. . So where's the price going from here? Professionals, who've been right for the last 3 years say the avg px tgt is $1.35. Even $1.50 is 80% lower than the high reached 2 1/2 years ago. There's nothing fundamental to say otherwise.
Let the promoters wish for greater gains. But facts speak lounder than words!!!!
Both UBS and B.Riley reduce px/tgts from $1.40 to $1.35 and both maintain Neutral Rating.
Resistance is noticeable almost at every level. The next level is $1.15; then 1.20; then formidable at $1.25 [where any upmove to that level puts an end to the DEAD CAT BOUNCE.
On the downside, $1.00 -$1.05 is the next level of support once it fails to hold at $1.10.
Breaking below $1.00 and KAPLUNK TO $.75 or LOWER.
Exxon news , if any, is already factored in. Anything else that may encourage the hopeful LONGS won't improve the fundamentals or the price beyond the top of the DEAD CAT BOUNCE..
Beware of the HOGWASH DELUSIONS..They have no basis in fact and a long history of failing.
"No one is Selling. I wonder why"
Simple question requires simple answer!
THE SHORTS ARE WAITING FOR THE DEAD CAT BOUNCE TO STOP BOUNCING .
Now for some real technical observation. The stock is showing some resiliency off the $1.00- $1.05 support.. The longer it holds above, the more strenght an upward move itcould see. IE- The bigger thebase, the bigger the move up.
A break below the support means much lower prices.
Respect the technicals. Don't Guess.
Appears to me the stock will be testing the $1.00 -$1.05 support. Successful tests w/o breaking below $1.00 augers well. A breach below means even lower prices to follow.
Without any fundamentals its all about technicals . Savvy investors should not count on what they hope for; butwhat is shown and what analysts have always said in their reports.
The bounce is possible stll but make no mistake. Its a DEAD CAT.
Question- Will RIP VAN WINKLE WAKE UP BEFORE
FUEL CELL CORP BECOMES WORTH ANYTHING?
2030 IS A LONG LONG SLEEP. 2050 IS A COMA.
SHELL CEO on CNBC- Hydrogen- by 2030 or2040 H2 will play a role..
Doesn't see anything near term or intermediate term .
Got 7 -17 years ?
Shorts are not manipulation. They're short for reasons fundamental to the company.
For nearly 3 years shorts were right and longs got creamed.
DEAD CAT and Bull Trap at work again.
You'll not convince the market .
That's wrong! Unrestricted cash, depreciation, patents, goodwill, present and future generation revenues is accounted for in the sh/px .
The market, analysts and intelligent investors have looked at all of that and along with no fundamentals as shown in the quarterly's, factored that in to the current price.
That makes sense.
All of that minus the negative fundamentals equates to $1.09
Quote " Dollars continue to role into our tech".
All while dollars continue to roll out of the stock!!!
Have you noticed the 55% drop in Sales?
The stock hit a new 52 week low intraday of $.9785 before the DEAD CAT BOUNCE..
It may follow through before resuming its downtrends . Follow through if it happens could take it to the high teens. Don't get caught up in another BULL TRAP.
Just look at the numbers in the Consolidated Financials quarter to quarter and the "TICK-TOCK" You're hearing is coming from something other than a grandfather clock. BOOM!
https://ih.advfn.com/stock-market/NASDAQ/fuelcell-energy-FCEL/stock-news/93443878/fuelcell-energy-reports-first-quarter-of-fiscal-20
As of March 15th 2024, the Price to Book Ratio of FCEL is $.66/sh
Using the numbers which arrive at $.66, the stock is valued at $1.65.
https://www.macrotrends.net/stocks/charts/FCEL/fuelcell-energy/price-book
Buyout- Highly unlikely due to bleak future prospects as respects ongoing losses. NO PRICE IS WORTH FUTURE LOSSES.
REVERSE SPLIT- Very likely in an effort to avoid delisting if it goes below $1.00 for X consecutive days and to attract more interest from those brokerages who have restrictions on penny stocks.
First it was Sept-Oct. Then it was by year end. Then it was March.
Now its before Apr. 5th ... that " somethig is about to happen"
IF THE PAST IS PROLOGUE, NOTHING WILL HAPPEN. Then it will be May or June. And the beat goes on !
Exactly !
Quote from HOGWASH " ....THEY ARE APPLYING NO FUTURE VALUE TO THE COMPANY WHATSOEVER"
Message to HOGWASH-Future Value is subjective ;not objective Value is determined by fundamentals and technicals not subjective analysis. It's based upon FACTS drawn from quarterly reports, and expectations based upon those facts. It isn't based upon conjecture or subjective hope.
The market , analysts, fundamentals and future losses have determined that the valur of FCEL is in the $1.00 range.
What you're seeing is known as a BULL TRAP. Its exactly what sucker Bulls think is the real McCoy. A/K/A - DEAD CAT BOUNCE
Read On!
https://tickertape.tdameritrade.com/trading/avoiding-bull-trap-suckers-rally-18093
WHY? Exxon has access to all their technology. Who needs a billion shares when they have the tech at their beck and call.
Buyout make absolutely no sense.
You're seeing the DEAD CAT BOUNCE.
This character lives in a delusion and is in need of therapy.
By blocking out reality he convinces himself he's right. But looking at his record we know theres no credibility.
Frankly I find his posts a laughable joke, worthy of the DEMPSTER DUMPSTER.
No Buying support in the entire global Markets.
FCEL has the least interest especially with a billion shares hanging around and nothing but losses for shareholders.
"Potential" doesn't sell. Growth and profits do. FCEL has shown neither.