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Despite the report there is noticeable buying support coming in. Withness the refusal to take it lower after the bad report. That's buying overcoming selling.
What that implies is a move near $2.00.
Technicals suggest no more.
Watch out for Delusionist Hogwash unjustified predictions. It's Tickin Tockin Now.
Revenues dropped huge ( 40%) in the quarter . Loss of $.07 vs $08 is due mostly product revenus decline. The remainder was attributed to a meager am't in service revenues. Expenses on the rise and notice the big drop in backlog resulting from weak new contracts.
As respects Zack's they are not to be relied on. I've seen them change their ratings on FCEL every month . You can never be confident in any rating of tgeirs.
There is not trusted analyst changing their rating of FCEL. No one was impressed.
No BUY ratings on the stock
The professionals see losses continuing through 2029 . Maybe they'll narrow but the multiple decades of losses will continue.
Trust not the promoter. It'll continue to be HOGWASH.
LMAO!!!!!
DELUSIONAL.
To the readers; He actually believes all of this having convinced himself its true by way of constantly repeating it in different forms but the same theme.
Did I not say you'd hear the spin. Hogwash, trying desperately to paint a rosy picture onto that report, is reaching again for the future a/o the potential.
With credibility so damaged as it is, whose to accept anything as reliable.
The answer is in the report and the expectations. Multiple decades of continuous losses with no assurance that won't continue.
The analyst of repute had it tight. The promoters are now looking for reasons to excuse the report. They can run but they can't hide. Its all in the report.
No one should be fooled by the happy talk. It's worthles and if followed, always wrong.
Yesterdays news with Exxon, while positive, was far from a game changer. It's a trial and doesn't add to revenue. Exxon is willing to let FCEL run with it. But it says they still must prove the concept before Exxon gets aggressive with them.
Stay far away from theHOGWASH BS. Too often was the infor flawed and unfulfilled.
Garbage in; garbage out.
When a comany like FCEL reports losses, quarter after quarter, year after year, what could be expected of investors. Shorts and Sellers were in there for sure but with good reason. I didn't see the buyers support ythis abyssmal report. Where were they?
Its all about the numbers .
56% drop in Product Revenue. 40% drop in total revenues.
Backlog drops with unimpressive new contracts.
Yes they improved on losses narrowng them . But $31,000,000 in losses for the quarter is nothing to celebrate or sneeze at. Especially when that's all they've produced for decades.
Remember what HOGWASH said the quarter would look like . Match that up against the report. Whose not tired of listenening to that every day.
Quote said HOGWASH " I know all of this because I know it" Really now !
FCEL's REVENUE DROPS 43%.
LOSS- -($.07)/SH VS -(.08/SH)
MARKET REACTS ACCORDINGLY.
WAITING FOR THE HOGWASH SPIN AND THE COMPANY'S PROMISETO DELIVER......but never does.
https://www.marketwatch.com/articles/fuelcell-energy-stock-earnings-revenue-12adf19b?siteid=bigcharts&dist=bigcharts
When comparing the quarterly results do it with the share count quarter to quarter. Then see what the $$$$ loss comparison is.
I expect more shares to be issued if not in this upcoming report, then the next..... as the company issues shares from its 500,000,000 sh increase approval.
They'll sell them opportunisticly when the stock has a pop.
So its $$$ lost vs $$$ lost not loss/sh.
Don't let the Hogwash influence your thinking.
" I know it because I know it ." LMAO
I'm surprised it gave it all back. I had expected some retracement from the early morning high, but not so much.
The O/B indicator kicked in as it does when stocks go to extremes.
Sellers, profit takers, and shorts came in all day long.
They seem to anticipate a mediocre report and nothing to write home about.
Where it goes from here is all in the report tomorrow. Thet need to show better numbers the the prior reports.
Its all going to be in the numbers and some succinct certainty ( not rhetoric) about the future.
By the big move in the early goings. there's no doubt there's buyers ready to buy on good news. Now is show time.
$2.00 is a clear possibility. Nothing more at this time can be foreseen.
A good report will take it there. A disappointing one will not.
At this time it would be more than irresponsible and disengenious for anyone to make predictions without inside information.
I'd bet on the $2.00 now based upon the technicals even with a small pullback from todays early high.
Breaks out from the base I described in prior posts.
$2.00 looks good.
Still, Caution light on O/S is on.
https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=fcel&insttype=&freq=&show=
The Exxon/FCEL news may or may not be New, but it does demonstrate further confidence in the ongoing relationship between the two.
The market likes it as the stock reacts positively pre-market and breaks through the $1.50 resistance.
Lets see if it holds with earnings coming out tomorrow. A good report may carry it higher as Momentum takes it.
It's way O/B at the pre-market px .
Hogwash may have something right here.
Coaxing others into Buying a stock or sh/term options of a stock whose results are tenuous at best is disingenous . It pretends to know something that one really does.
It does no service to fellow investors.
Criticizing All those Analysts who have been right from the S29 high to the $.98 low.......... by the pseudo wanna be analyst who has never been right is laughable.
Think about it folks. With a track record like the pseudo wanna be has, against professional analysts, who now would you say has the credibility ?
The answer is pretty obvious.
The professionals have not wavered there rating except to lower their px/tgts. This while the psedo wanna be continued to push promotional statements out... while the stock continuously dropped.
That's the laughable part.
One or more blocks totalling 10,000,000 shares was sold at the close.
That had to be coming from either Institutions or FCEL as part of the 500,000,000 sh dilution to raise cash.... or BOTH.
The stock then ended near the low point of the day.
Don't forget ; the company was authorized 500,000,000 shares and will be selling into the market from time to time so they can start buildng that plant they talked about..... which will take a few years.
Longs will be helping them do it by Buying those shares.
Good work Longs! Vote Yes for dilution; then Buy the shares they Sell. LOL
"Why would I do that"?
Because you appear to no confidence in it during abnormal condition. You're ok with it during normal conditions.
I agree. Yet I can count on my fingers the number of times we had a run away move. I know of one " abnormal" run in the past 2 1/2 years. There were nearly 15extremely O/B conditions when it did hold up. I'll take those odds.
I'm not smart enough to know when a move is going to be normal or abnormal. So I go with what the past has told me while looking at other indicators like support and resistance levels.
O/B O/S are just cautionary signals . Like any other indicator its not perfect. Its a signal to be cautious or more aggressive.
" ....... and the DJIA proved that point".
If I recall the move in the djia lately started in December from a somwhat O/S condition. FCEL stated its move after basing ( whose base I observed and posted on). It to came out of a slightly O/S condition .
Given the O/B chart now, wouldn't you agree the stocks O/B status signaled yesterday a retracement ? Isn't it retracing along with what the signal indicated? Didn't I say so after looking at the chart?
Then ignore the indicator. It works for me and is quite reliable.
BTW its working right now and began to work yesterday from the O/B status I displayed in the chart.
When it corrects and becomes unwound from its O/B status, there may be an entry point. I say $1.45 -$1.50.
The chief bull is dancing in the street again. That should worry other well thought investors given his track record over the years.
Now here is the way it shapes up:
1)The stock has retraced $ .095/sh from an overbought condition.
2) The short and intermediate term trend is still positive. The long term trend remains down.
3) From a technical point of view only the stock can be bought between $1.45
and $1.50
4) From a fundamental perspective, nothing has changed and nothing can be known or comfortably assumed until the earnings report comes out and is digested by the market.
Making absurd px/tgts without any inside knowledge should not be taken seriously as the report in its entirety will determine where the sh/px goes..... not some bull smammy who throes out numbers without knowing a scintilla of reliable information.
When the report comes out guage the loss/sh to the new # of shares and convert that to $$$ lost, not per/sh loss. Remeber, dilution is hanging over this stock and the company will be selling into the market when there's a good opportunity. CheckExpense. Check Revenues. Compare quarter to quarter.
The rhetorical statements are sure to come. Stick with the #'s, the comparisons and the $$$ lost.
Bears are still out there. Bulls can take comfort if the report is real good. It'll give the shorts something to worry about.
All said, there's nothing to hang your hat on but the technicals at this time. That's what's known. Misguided statements , assumptions, assertions, claims are just promotions w/o fact or knowledge.
Remember all that HOGWASH has projected over the last 2 years. Note what materialized. Credibility counts.
Here's the DJIA chart . It shows the stocks reaction to being both O/B and O/S.
Corrects when O/B ; Rallies when O/S.
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Index&symb=DJIA&x=38&y=11&time=8&startdate=1%2F4%2F1999&enddate=12%2F15%2F2023&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=256&lf2=0&lf3=0&type=2&style=320&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=10
The DJIA is the horizontal line right above the FCEL chart. Its a comparison of px activity of both.
The dates ( every one) FCEL dropped from the O/B status were shown in my post.
If you don't trust the indcator, then ignore it. I find it reliable based on its predictive history. I believe the stock will soon correct further from its px here. It alread has shown some weakness late yesterday.
We shall see.
Here's is the DJIA and the O/B O/S indicator.
Where did the O/B fail ? I don't see it ... no matter what the other indicators were showing.
What I see is a drop in sh/px every time the sh/px rose and became O/B.
Jan, Feb, early March, Early May, Mid June,Mid July..... and right now.
Once again, it could go a little higher before it corrects, but it looks to me that it will correct right now. And judging from the last half of today, it already has started.
Based on the history shown on the chart, I believe it will drop a little further and be a good time to buy for a trade.
I believe with everything else you say, but I'm sure you know the technicals are interpreted in of themselves and technicans don't look for reasons why . They base they're decisions purely on the technicals.
However even though technical analysis is interpret by charts and indicators only, its fundamentals that are the prime movers in developing them.
I bought BE too. Liking it as a Hold for whatever time it takes to reach my px/objective. It's thewinner in the group IMO.
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=fcel&time=8&startdate=1%2F4%2F1999&enddate=12%2F15%2F2023&freq=1&compidx=DJIA&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=256&lf2=0&lf3=0&type=2&style=320&size=2&x=62&y=7&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=14
Yup ; it's just an indicator. It's an indicator that has never failed. So its reliable.
As I've said so many time, a stock can become more Overbought and go higher but if the signal is respected any investor would seriously consider it.
Same applies when O/S.
Sure it's one indicator among many. Obviously when a stock becomes extremely Overbought, all the other indicators have shown improvement. If I were a trader I would wait........... even if it goes higher tomorrow. A pullback is in the cards from here or higher.
This stock looks like its forming a nice pattern , basing nicely. That means slightly higher highs and slightly higher lows as it moves along.
I believe its about to correct within that pattern without disrupting it.
If you bought it at lower levels, and you're a trader I'd have one eye on taking profits and coming back at a little lower level.
The small base from mid Oct to date was pointed out in prior posts. Slightly higher highs and slightly higher lows is a bullish pattern.
This could continue after a minor pullback to say $1.50 +/-. The O/B indicator is signalling a pullback is soon to be.
Note- The longer the base, the bigger the up move.
https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=fcel&insttype=&freq=1&show=&time=8
Sounds like a quote out of the HOGWASH playbook.
You may be right but the O/B is signalling caution. Pure momentum could take it higher maybe.
If's, maybe's, possiblies........ are not in my vocabulary.
I'll go with the indicator until there's good reason to believe otherwise.
Stocks can become more O/B for sure. But it's at a point where a pause/pullback is warranted. Then, I'd be more comfortable buying it for a quick trade.
" Buy on the Rumor; Sell on the News".
Rumors are all over the place on this board as the BULL is snorting thru his horns.
Check out the O/B indicator. Its signalling a pullback. It's at the extreme level. It rarely fails to to be right.
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=fcel&x=26&y=11&time=8&startdate=1%2F4%2F1999&enddate=12%2F14%2F2023&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=256&lf2=0&lf3=0&type=2&style=320&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=10
If what's driving the stock is anticipation of some positive news, it may well be discounting it now. The old adage " Buy on the rumor, Sell on the News " could apply here.
Of course if the report on the 19th isn't so hot, you can kiss this rally goodbye.
In any case, the stock is getting stretched out ptrematurel andcould easily pull back w/o damaginging an otherwise nice short and intermediate upstrend.
This afternoon and the close will be telling.
Right now HOGWASH crowing and dancing in the streets. Not unexpected !
Lets hope for his sake he doesn't eat the crow he's celebrating now
Here we go again. What your're reading in the recent Hogwash posts is based upon wishful thinking and presumptions built upon other presumptions.
Hogwash making assumptions that are neither justifed or factual.
Talking about profits, expenses and exaggerated px targets based on unsupported assumptions has always been proven pre-mature and unfulfilled .
I'd put no credence to any of it until its shown. Buying into it could as proven in the past, disappointing.
While the stock does have legs , $1.45 -$1.50 must be breached before any other technical target can be talked about with confidence.
I'd rather wait for the report before making such wild assumptions.
It needs a good Dec 22nd report . Agood report would mean a narrowing of the losses, increase in sales, and a reduction in expenses.
No one should be expecting a profit. Its not in the cards.
A reduced loss would be helpful.
Keep in mind the highest px/tgt is $2.00 and the avg px/tgt is $1.65.
Don't be dancing in the streets yet. That's left for HOGWASH.
Action today encouraging. The base continuous to form. A break above$3.40 takes it to a level of resistance in the $1.45 -$1.50 area.
Right now its at the top end of the base. The 50 and 100 day MA are positive. The long term MA still negative but showing improvement.
Whether it break out here or retraces a bit, it appears to be trending higher at least short and intermediate term.
Thereis a definate change in sentiment shorts and sellers not so bold.
He's been so wrong for so long its amazing why he still is taken seriously.
His minions surely have thinned out to a precious few so I have to believe his posts are really made to reinforce his own delusions.
As I said, repeating the same promotions time after time and he actually believes them to be true. He's been successful inreinforcing his own fantasy through repetition.
It's a classic case of a not acknowledging reality by blocking it out and only seeing what he wishes to be true.
BE- 400,000,000 in revenue
FCEL- 140,000,000.
Anyone comparing FCEL to BE is missing the point completely.
The differences are glaring.
No worries. Still within the base forming pattern.
Without gov't funding investments by private companies will drastically slow down or stop all together. That goes for this country, canada and europe.
What that says is the push toward hydrogen will be slow to come on top of an already slow move anticipated now.
Stock is showing resilience and appears to be under some" accumulation" as it resists the selling.
A continuation of this behavior would give a signal to Buy for a trade.
Investors seeking an entry point should watch for small retracements followed by "buying on the dip" sufficient to prevent it from going lower. I define a small dip as going to $1.25 or $1.24.
It may again fool me again and move up from the current $1.31 now.
Accumulation is becoming apparent.
Continuous promotional posts for as long as they've been written have not influenced savvy investors. They've been ineffective in moving the sh/px or engendering interest in FCEL.
If the company ever delivers what these promotional posts are implying, there may be worth a read. Until then, take them for what they're worth.
Cost of it all would be prohibitive and how many mfg's make hydrogen powered fuel cell cars. I know of 1 and only 1 model.
First you have to buy a H2 fuel celled car. Then have a filling stating installed in or at your home.
As there are few H2 filling stations in the nation, why would any be willing to go for a H2 fuel celled car when solar is so readily available .
Add up all of that with the costs overall and its a non-starter.
6 month intermediate term chart showing the price below the trend line.
The intermediate term trend remains DOWN as is the Long Term shown on the prior post.
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=fcel&time=7&startdate=1%2F4%2F1999&enddate=12%2F10%2F2023&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=1&maval=100&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=2&x=37&y=11&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=10
200 day MA on a 3 yr chart showing the px is still below the Long Term trend line.
The Long Term trend remains DOWN.
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=fcel&time=10&startdate=1%2F4%2F1999&enddate=12%2F10%2F2023&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=1&maval=200&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=2&x=41&y=15&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=10
What I heard from the Interview with Exxon's CEO Woods is allot of "if's", but no committment to move forward independent of politics and regulation. They're apparently not willing to make major committments ahead of those.
If they had a firm belief in the growth potential of CCS, they wouldn't keep delaying their committment to CCS and throwing the ball back to others. They'd be moving ahead and be damned with politics, and gimmies .
Exxon is spoiled by gov't gimmies.
In effect, Exxon said its up to the people to decide! That means the people will either bite the tax bullet or we don't do diddly.
The politicians on the other hand say " stop drilling for oil" And yet they provide credits for drilling.
Good Interview ? Sure; it exposed Exxon for what it is. A people bleeding , govt' dependent capitalist company in its worst form.
I'll admit I was surprised by todays up day from FCEL. I fully expected the opposite but the buying came in both in the early hour and at the end .
This has not been the case for as long as I've followed the stock.
With Buying thrust outweighing selling pressure, it could well mean another attempt to go higher next week.
A case for the Bulls can be made. A base has formed near the bottom. It's been tested 3x successfully and the pattern of slightly higher lows and slightly higher highs is shown on a 2 month chart from that 52 week low.