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Funny, they were talking g recently about the kitty guy potentially breaking the law by buying then publicly announcing such ie. Making statements potentially impacting share price. Institutions do that stuff daily. And they are absolutely involved in shorting. Make money down and up.
Seems to me as though the money is now looking at the fuel cell stocks more independently. Pressure on plug today driving it down over 7% currently while fuelcell bloom Are both nicely in the green. Still hopeful for a close over $1 before Friday, But we should be getting the SEC non-compliance notification I'm thinking by tomorrow at the latest. That might create a major reaction that will be meaningless by the end of June.
Bad news is that we are barely holding on to green, and back down to 94 cents, Well at the same time the good news is that we are holding on to green albeit 94 cents while plug is down over 6%. Fuel cell trading 15 million shares at 10:50 a.m., to me suggests support while the Bears are still trying to push it lower. Government, Republicans in particular, pressing to launch an investigation into the 1.7 billion dollar loan offered to plug power. I really hope plug doesn't close down more than 10% or have earnings pushing it lower after hours, That will make it an uphill battle until Friday, and even hinder our potential with good news.
https://news.bloomberglaw.com/esg/probe-of-plug-powers-1-7-billion-in-us-backing-sought-by-gop
Bad news is that we are barely holding on to green, and back down to 94 cents, Well at the same time the good news is that we are holding on to green albeit 94 cents while plug is down over 6%. Fuel cell trading 15 million shares at 10:50 a.m., to me suggests support while the Bears are still trying to push it lower. Government, Republicans in particular, pressing to launch an investigation into the 1.7 billion dollar loan offered to plug power. I really hope plug doesn't close down more than 10% or have earnings pushing it lower after hours, That will make it an uphill battle until Friday, and even hinder our potential with good news.
https://news.bloomberglaw.com/esg/probe-of-plug-powers-1-7-billion-in-us-backing-sought-by-gop
We Obviously failed miserably holding above 96 cents, intraday anyway. Not showing the strength I was hoping for, But I'm still hoping we have an end of day recovery and potentially get back to the green. I think there's reluctance to show support with plugs earnings tomorrow, anticipating a knee jerk reaction to a potential miss on revenue or earnings or both. That would obviously create a better buying opportunity. I have the utmost confidence after next week these companies Will be looked at very differently. TICK TOCK!
Broke 50-day moving average according to the link I posted this morning, which was apparently right at the resistance level I identified from weeks ago, So the moving average must have adjusted over the last few weeks to pair up exactly with that $0.95. The link also stated the 200 day is $1.17 which is below my next projected resistance level. If that is in fact accurate then I will be changing my resistance level based on the fact that algos and many many day traders focus on those figures. I still see some potential resistance at $1.17 and $1.25, But with a stable market, plug not having a horrible earnings, and FCE having Ernie's I expect, I still think we can fairly easily breeze past both. TICK TOCK! Favorable results on 45v would be wonderful.
US spending related to IRA is just starting to come in.
https://www.carboncapturejournal.com/news/rystad-eu-falling-behind-net-zero-targets/6196.aspx?Category=all
Analyst estimates which we beat earnings in Q1 while missing big on revenue. I'm guessing $22-$24M revenue hoping to beat $25M and can't understand how we could not beat $.08 loss consensus! MONDAY earnings is unique!
https://www.google.com/url?rct=j&sa=t&url=https://www.defenseworld.net/2024/06/03/fuelcell-energy-fcel-scheduled-to-post-quarterly-earnings-on-monday.html&ct=ga&cd=CAEYAyoUMTQyMjA4Nzk1MjgzNDMxNTc2ODkyGjNmNmMxMjhmMjMzNGE4Mjg6Y29tOmVuOlVT&usg=AOvVaw3Ymamw-gdG7m6ezBRcKNeA
We broke $.95, we stayed over $.95, and closed over support of $.96! Without macroeconomic bad news effecting market or something sector specific effecting the industry, the Short Run Is Done!! Staying over $.96 through tomorrow, including
premarket and intraday, guarantees such. $1.25 next resistance, hopefully broken by Monday morning.
Thanks Max, so as I thought we will receive that notification this week, likely after the closing Tomorrow or Wednesday. Hopefully we close over $1 tomorrow. Close over $1.10 on Wednesday, and we should squash that within 2 weeks.
Funding Opportunities
https://2yd1749y.r.us-west-2.awstrack.me/L0/https:%2F%2Fwww.energy.gov%2Ffecm%2Ffunding-notice-energy-and-emissions-intensive-industries-eeii%3Futm_medium=email%26utm_source=govdelivery/1/0101018fdec4bf28-96a6c9b9-19ee-44c4-9086-5395a968cb47-000000/bGYQQyxuzZSPkmwORwe8IvISzmQ=377
https://2yd1749y.r.us-west-2.awstrack.me/L0/https:%2F%2Fwww.energy.gov%2Ffecm%2Ffunding-notice-bipartisan-infrastructure-law-carbon-capture-technology-program-front-end%3Futm_medium=email%26utm_source=govdelivery/1/0101018fdec4bf28-96a6c9b9-19ee-44c4-9086-5395a968cb47-000000/IofJtHl3F7yOoAb8xVc4XduHyMg=377
https://2yd1749y.r.us-west-2.awstrack.me/L0/https:%2F%2Fwww.energy.gov%2Ffecm%2Ffunding-notice-bipartisan-infrastructure-law-carbon-utilization-procurement-grants%3Futm_medium=email%26utm_source=govdelivery/1/0101018fdec4bf28-96a6c9b9-19ee-44c4-9086-5395a968cb47-000000/16esjc87efCnQEKlQQ2D_9bseDA=377
Most recently
https://2yd1749y.r.us-west-2.awstrack.me/L0/https:%2F%2Fwww.energy.gov%2Ffecm%2Farticles%2Fdoe-invests-32-million-help-eliminate-natural-gas-flaring-oil-production-operations%3Futm_medium=email%26utm_source=govdelivery/1/0101018fdec4bf28-96a6c9b9-19ee-44c4-9086-5395a968cb47-000000/HTXCUjlld1CuQQrV6oVLrKxfXq0=377
Big Navajo Energy (BNE) and FuelCell Energy, Inc. have discussed fuel cell projects on the Navajo Reservation. BNE is an energy carrier that can store and transfer energy, and has experience and government relationships that could support fuel cell projects. FuelCell Energy is a publicly traded company that designs, manufactures, and operates fuel cell power plants, and has platforms that can help with power generation, carbon capture, and energy storage.Â
In September 2023, BNE's president and CEO, Dory Peters, said that venture funding would allow the company to launch phase one of a project with NASA, FuelCell Energy, and the Navajo Nation.Â
Big Navajo web site
https://www.bignavajoenergy.com/what-is-hydrogen
Tried finding 1st day closing under $1 and counting trading days. My guess is 4/18, putting us well past the 30 trading days. I'm thinking we issue non compliance notification PR tomorrow or Wednesday, unfortunately! Unless someone can clarify the rules are different or we closed over $1 after the 19Th.
If the shorting didn't discuss me and others I would say it's comical. They manipulated for 3 years on a regular basis working hard to methodically get this below $1. They wanted so badly to create concern, get SEC warning about non-compliance with the $1 requirement, and on 66M shares managed to close .0006 below $1! Average volume was $10-15M shares a day for years prior to 2 months ago when a major short push began. 5/7 of the heaviest volume days were green, in a big way. If our new volume is going to maintain 50+M a day over the next few months, this is going parabolic by year end!
By the way I will gladly take a $1.03 closing price on 70 million shares.
I was fortunate enough to buy 980 shares today, albeit at an average price of $1.01 this morning. I wasn't about to play games and see if the share price came down after the open. I had a pre-market buying at 91 cents and it never filled. Guess if I put that pre-market in at 92 or 93 cents I may have gotten lucky. I'm not going to fret over a few pennies when the stock is $10 again. I'll take 100% profit on those 980, and keep my initial investment of $1,000 in there, in well less than 1 year. In fact I think I'll just cash out 400 shares at $2.50 and call it a day. And if it's under a dollar on Thursday I'm buying more but I think that's highly unlikely less plug has a horrible conference call.
Nope, you missed it.
Support looked like just under $.96 early, the just over $.96 later and most recently this afternoon over $.97! Close over $1 would be great, but if got a funny feeling bears & shorts will try a late attack to keep it from closing over $1! 51M shares at 2:03pm!
18.9M shares trade by 10:15 a.m.. That's some heavy volume, One of the heaviest historically for this company. Either there is some major manipulation going on trying to take short-term profit or we are at the onset of a run. With earnings coming up next Monday I think I can safely assume it's the later. My only concern short-term is plug earnings on Wednesday. Since they are only up 3% on lower volume I'm assuming there's not a lot of optimism.
From Disgruntled David
TODAY at 12pm ET: Join @eeregov’s Hydrogen and Fuel Cell Technologies Office & #BetterPlants partner @Toyota to learn about a first-of-its-kind triple generation (tri-gen) system recently unveiled at Toyota’s Port of Long Beach facility. Register here: https://t.co/v5dcqEDYPM pic.twitter.com/2kUTjI7Adu
— Better Plants (@BetterPlantsDOE) May 30, 2024
Hydrogen market could reach $410B by 2030!!! Think FCE might get 1/2 of 1%??? Currently ramping Canadian manufacturing facility to 40MW per year with ability to easily turn that into 80MW. More importantly, plans are progressing for construction of a 400MW manufacturing facility in the US! And, We can make hydrogen from 1 of, if not the most, significant projects in the world to date. The Trigeneration Bio mass Toyota Fuel cell using MCFC. How many companies possess the current ability to produce hydrogen with different applications or have Trigeneration, let alone BOTH??FCE currently working with partners in Europe, Asia, the US and Canada with the likes of The United States, DOE/NETL, the US Navy/DOD, ExxonMobil, Toyota, COSIA, KEPCO and Drax/Sheffield TERC! Cool fact, The US Department of Defense uses more energy than most countries (and are aggressively pursuing technologies such as FCE's patented Advanced Technologies. More business coming from South Korea this year, like these similar to the deal announced recently. More business coming from The Department of defense, Toyota, ExxonMobil, The state of California and the state of Connecticut. South Korea very likely in fiscal 24, and all others likely within the next 12 months. Hydrogen rules will be finalized in our favor or at least better than the initial decision, By Summer. Q2 earnings should easily beat Zack's estimates of 8 cent loss, and may even beat 5 cent loss. Share price can easily double in less than a week as anyone paying close attention for the past few years is well aware of. I'm definitely not missing it. We can also easily get a 10 bagger in less than a month on the right news, But certainly in less than a year. TICK TOCK, TICK TOCK!!!!
Gotta love how they do this. Look at the headline of the article, then read the article. The only institution that sold is the heading. The rest bought, and bought a whole lot more.
https://www.google.com/url?rct=j&sa=t&url=https://www.defenseworld.net/2024/06/01/teacher-retirement-system-of-texas-sells-12680-shares-of-fuelcell-energy-inc-nasdaqfcel.html&ct=ga&cd=CAEYASoTMjk3OTE2MTUxNzY1Njg1OTc2NzIaM2Y2YzEyOGYyMzM0YTgyODpjb206ZW46VVM&usg=AOvVaw04lD-skpwRUIhAtln6196E
More coming in SK, likely this year!
They don't have the bureaucracy that slows down the process the way the US does. We've filled an in Country management position to facilitate such. 58.8 MW just signed is about 1/2 the total installed in SK. Not certain if that total (114-116MW) includes the 20MW already in backlog we installed in 10 months in 2018-2019! So there's at least 34MW left to solicit, and this 50MW MOU with KEPCO! Then of course the new offers requesting proposals.
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.businesskorea.co.kr/news/articleView.html%3Fidxno%3D95288&ved=2ahUKEwiojsSn97qGAxXFEVkFHVarCC8QFnoECBMQAQ&usg=AOvVaw0a5dmTcbn_4eFoNLqe4wsh
2022 50MW MOU with KEPCO (parent company of KOSPO we installed 20MW unit in less than 10 months). MOUs usually take a while to come to fruition (couple years minimum on average)!
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.businesskorea.co.kr/news/articleView.html%3Fidxno%3D95288&ved=2ahUKEwiojsSn97qGAxXFEVkFHVarCC8QFnoECBMQAQ&usg=AOvVaw0a5dmTcbn_4eFoNLqe4wsh
2023
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://investor.fce.com/press-releases/press-release-details/2023/FuelCell-Energy-Strengthens-Presence-in-Korean-Market-and-Supports-Existing-Installed-Customer-Base/default.aspx&ved=2ahUKEwidhdeQ87qGAxVMEFkFHZ7DDI0QFnoECEUQAQ&usg=AOvVaw0CMJU4sQcJIcexXu2ZsJR9
SK aggressively pushing Fuel cells
https://www.statista.com/topics/10796/fuel-cells-in-south-korea/#topicOverview
Current
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.hartfordbusiness.com/article/danburys-fuelcell-energy-sells-fuel-cell-modules-to-south-korean-company-in-160m-deal&ved=2ahUKEwj4p9fS9rqGAxVID1kFHelIA_8Q0PADKAB6BAgoEAE&usg=AOvVaw0pu606UgPAlgAY4tRETXex
More funding for hydrogen and CC technologies! Just pouring in.
https://t.co/3aBYqiFhy7
Plug was up fractionally today, but Bloom and Ballard were down 1.9% and Fuelcell down 1.3%. with overall markets rebounding. Seems pretty obvious Shorts are committed to trying their hardest to keep this under $1 until SEC warning issued. They must believe that will be sufficient for a retest of$.78 (I believe was the low). 61M shares traded today, well above the 10 day average, which is about 4 times the typical average prior to this extended short attack through May. 4-6 weeks of consolidation? I have the utmost confidence by Conference Call, Few will have enough ammo to eliminate the shorts in short order. They may even cover prior to the call since common sense suggests we beat $.08 loss easily.
On a positive note, I do see why some people suggest or hope for the share price to go lower. Part of me is actually hoping The share price stays down here until next Thursday when I will likely have more money to buy more shares at a ridiculously low price, given the fact that I'm confident the share price will more than double by the end of June, But at a minimum go up 50%.
Just like the Exxon Mobil joint development agreement and the fourth hose project and the Toyota Tri-Generation project, lots of PR because it's extremely significant $160M surpasses their total annual revenue for the last 2 years and almost doubles their annual revenue average for the last 5 years.
https://www.google.com/url?rct=j&sa=t&url=https://www.hartfordbusiness.com/article/danburys-fuelcell-energy-sells-fuel-cell-modules-to-south-korean-company-in-160m-deal&ct=ga&cd=CAEYACoTMjE0NzQzOTkyMjg2NzA4NzcyNjIaM2Y2YzEyOGYyMzM0YTgyODpjb206ZW46VVM&usg=AOvVaw0pu606UgPAlgAY4tRETXex
World starts to move more swiftly in unison
https://www.google.com/url?rct=j&sa=t&url=https://www.greencarcongress.com/2024/05/20240529-tmc.html&ct=ga&cd=CAEYCCoTMjE0NzQzOTkyMjg2NzA4NzcyNjIaM2Y2YzEyOGYyMzM0YTgyODpjb206ZW46VVM&usg=AOvVaw2WeJCczaHUP1LNYTHQfngN
Germany changes mind, largest CO2 emitter finally says Carbon Capture is necessary
Germans also change their mind.
— Yannick Vanderveeren (@Vanderveeren) May 30, 2024
When I started more than two years ago at @AkerCarbon, CCS (carbon capture and storage) was still a no-go for most German policy makers.
Yesterday, the continent’s largest #CO2 emitter, acknowledged #CCS as a crucial decarbonization tool. https://t.co/SCzqc6cudm
I'll gladly take .91 on 46 million shares, But I'd be happier with 92 on 48 million
Still looking for that close over 95 cents. That's Just as significant as crossing a dollar, regarding charting anyway. I know the compliance issue of a dollar is obviously more important. Hopefully we get back over a dollar this week. But if not I believe leading up to earnings we will. People with big money have to be able to understand they're going to beat an 8-cent loss per share.
South Korea is going to be huge, and by far our greatest source of revenue in the coming few years. I'm not certain about beyond that but because they tend to pay cash, and most of our domestic projects are power purchase agreements, This is undoubtedly the case. I expect more progress with similar agreements for existing projects in South Korea, Then some new project awards on top of that. We could have further contracts for existing projects this year but will definitely have more contracts in South Korea no later than sometime in 2025, at least doubling the current South Korea backlog.
South Korea for size and economy is by far the most aggressive country pursuing utilizing fuel cells. I knew and I stated repeatedly we were going to win the settlement against Posco And that would be huge. I reiterated it when we won the lawsuit. It's basically going to be ongoing cash infusion with bigger spurts here and there. This essentially almost eliminates the need to sell shares for basic operations. Although we are going through a massive growth spurt, which will include building a 400 megawatt manufacturing facility for electrolyzers, and increasing production of the MCFC. I'm slightly disappointed and surprised it took this long to get there from the settlement, But I'm sure reestablishing this position in South Korea was not easy and obviously time consuming. I'm just a certain, moving forward will be much smoother and quicker in South Korea. Maybe not starting this fiscal year but by sometime in 2025. I do expect to double that backlog in South Korea alone by some point in 2025. This is all existing FCE infrastructure. We have plenty of other units in South Korea already which I'm certain we are pursuing similar contracts for. Those very well could come to fruition this year. I expect we will hear language clearly stating something about The massive potential remaining in South Korea and immediate plans to increase production of MCFC.
Seems to me as though there's some cautious buying this morning waiting to see what happens. Volume was relatively insignificant pre-market compared to many recent times and definitely didn't take off at the bell. Absolutely no reason whatsoever for this stock not to be a buy at anything under $2. So under $1 is a phenomenal opportunity for anyone investing long-term and you will very likely even make a 100% profit in far less than one year. My true opinion is that you will make more than 100% by the end of June.
Another article on SK deal
https://www.google.com/url?rct=j&sa=t&url=https://www.h2-view.com/story/fuelcell-energy-to-power-south-korean-homes-with-new-tech/2110513.article/&ct=ga&cd=CAEYACoUMTc0MDkwMTc2MjI4ODM2Mzk2NTIyGjNmNmMxMjhmMjMzNGE4Mjg6Y29tOmVuOlVT&usg=AOvVaw1x_JM6-b3VkCxl9kyzEcKc
Fuel cell market
https://www.google.com/url?rct=j&sa=t&url=https://finance.yahoo.com/news/hydrogen-fuel-cell-market-report-101600292.html&ct=ga&cd=CAEYASoUMTc0MDkwMTc2MjI4ODM2Mzk2NTIyGjNmNmMxMjhmMjMzNGE4Mjg6Y29tOmVuOlVT&usg=AOvVaw3Vu3CZRdShQcSuxfMHvitE
I'd say isn't it funny but I know it's not. Anyone else happen to notice how on at least a few occasions over the past couple of years the company came out with good news, news that should and did starts positively impact the share price, Then the overall market in economy had bad news negatively impacting the entire market dragging the share price back down. Then the Bears chant victory claiming it has something to do with the company. In actuality there have been many significant positive developments over the past few years with some of the most significant the past 6 months. As soon as the market allows it, The share price is going to steamroll shorts. TICK TOCK.
All in less than 6 months! TICK TOCK!!!! Q2 June 10
Managing cash and maintaining + financial profile
https://investor.fce.com/press-releases/press-release-details/2023/FuelCell-Energy-Closes-Tax-Equity-Financings-with-Group-1001-and-Franklin-Park-forTri-gen-Project-and-Derby-Connecticut-Fuel-Cell-Park/default.aspx
Exxonmobil Carbon Capture
https://investor.fce.com/press-releases/press-release-details/2023/ExxonMobil-to-Build-CCS-Pilot-Plant-with-FuelCell-EnergyUsing-Carbonate-Fuel-Cell-Technology/default.aspx
Exxonmobil JDA extended & EXPANDED
https://investor.fce.com/press-releases/press-release-details/2024/Recently-Updated-and-Extended-Joint-Development-Agreement-between-ExxonMobil-Technology-and-Engineering-Company-and-FuelCell-Energy-Aimed-at-Accelerating-Access-to-Carbonate-Fuel-Cell-Technology-for-Carbon-Capture/default.aspx
Toyota
https://investor.fce.com/press-releases/press-release-details/2024/FuelCell-Energy-and-Toyota-Motor-North-America-Celebrate-Launch-of-Worlds-First-Tri-gen-Production-System-at-the-Port-of-Long-Beach/default.aspx
Sacramento
https://investor.fce.com/press-releases/press-release-details/2024/FuelCell-Energy-Technology-to-be-Used-in-Sacramento-Wastewater-Biofuel-Clean-Energy-Project/default.aspx
Big news with Exxonmobil resulted in 20+ articles same with Toyota and now same with SK, all in less than 6 months!!
https://www.google.com/url?rct=j&sa=t&url=https://www.marketscreener.com/quote/stock/FUELCELL-ENERGY-INC-58195415/news/Fuelcell-Energy-and-Gyeonggi-Green-Energy-Announce-Agreement-for-Purchase-of-Fuel-Cell-Modules-and-S-46844059/&ct=ga&cd=CAEYByoTODMxOTEwMzIxMzUzODMxOTUyNzIaM2Y2YzEyOGYyMzM0YTgyODpjb206ZW46VVM&usg=AOvVaw3YqBKg_2-_NFTXS46_iKyM
https://www.google.com/url?rct=j&sa=t&url=https://investorplace.com/2024/05/why-is-fuelcell-energy-fcel-stock-up-10-today-2/&ct=ga&cd=CAEYBSoTODMxOTEwMzIxMzUzODMxOTUyNzIaM2Y2YzEyOGYyMzM0YTgyODpjb206ZW46VVM&usg=AOvVaw1WEn8zXxAR_1f_xzj2tnBB
https://www.google.com/url?rct=j&sa=t&url=https://seekingalpha.com/news/4110861-fuelcell-energy-wins-module-service-deal-with-koreas-gyeonggi-green-energy%3Fsource%3Dcontent_type%253Areact%257Cfirst_level_url%253Amarket-news%257Csection_asset%253Amain%257Csection%253Aon-the-move&ct=ga&cd=CAEYBCoTODMxOTEwMzIxMzUzODMxOTUyNzIaM2Y2YzEyOGYyMzM0YTgyODpjb206ZW46VVM&usg=AOvVaw0UV2T-a5Mv7Nkaqy1rwo1K
https://www.google.com/url?rct=j&sa=t&url=https://www.tradingview.com/news/investorplace:4d85b98f4094b:0-why-is-fuelcell-energy-fcel-stock-up-10-today/&ct=ga&cd=CAEYAyoTODMxOTEwMzIxMzUzODMxOTUyNzIaM2Y2YzEyOGYyMzM0YTgyODpjb206ZW46VVM&usg=AOvVaw3poXjloVe9ZCcnAq4OD5GS
https://www.google.com/url?rct=j&sa=t&url=https://www.marketwatch.com/story/fuelcell-energy-in-module-service-agreement-with-gyeonggi-green-energy-63e31f76%3Fmod%3Dmarkets&ct=ga&cd=CAEYAioTODMxOTEwMzIxMzUzODMxOTUyNzIaM2Y2YzEyOGYyMzM0YTgyODpjb206ZW46VVM&usg=AOvVaw2nRfIZ40fiBZ9Z6mJxjN91
https://www.google.com/url?rct=j&sa=t&url=https://www.investing.com/news/company-news/fuelcell-energy-secures-160-million-deal-in-south-korea-93CH-3459441&ct=ga&cd=CAEYASoTODMxOTEwMzIxMzUzODMxOTUyNzIaM2Y2YzEyOGYyMzM0YTgyODpjb206ZW46VVM&usg=AOvVaw0TOcOp-kGJExd98sK2-IS0
https://www.google.com/url?rct=j&sa=t&url=https://finance.yahoo.com/news/fuelcell-energy-gyeonggi-green-energy-164600595.html&ct=ga&cd=CAEYACoTODMxOTEwMzIxMzUzODMxOTUyNzIaM2Y2YzEyOGYyMzM0YTgyODpjb206ZW46VVM&usg=AOvVaw2q0ZUzv4_X2oL9jYG6SHp5
42 modules $160M 6 modules in 24, 30 in 25 and remaining 6 in 26. Approximately $23M in 24, and $115M in 25. Previous estimates for 25 were $300M in certain based on knowledge of $100+M from SK expected. Now add $10+M from Exxonmobil, add at least $1M from other advanced tech and $63M from Generation. We're around $189M for 2025 without other sales or S&L segment. I know there's S&L schedule with amounts of module exchanges on Web site in Slide show from Q1. So we need to pick up about$100M between now and end of 2024. I'm thinking The new 2.8MW will be 2025 but I'd have to look back at PR for timing and Amount. Gotta be a nice chunk! $10M minimum??
Yes I would say that was one of the best parts of the PR. But it's tough to say the equivalent of over a year revenue from one contract is awful tough to beat. I knew South Korea was going to be huge from the time they first won the settlement against Posco. I've reiterated repeatedly we should have something big by end of fiscal year and I believe I even specified it should be over $100 million. I don't know about you but in my opinion that's huge. That almost guarantees they don't need to sell shares to raise cash. $27M ($10M MINIMUM per year) from Exxonmobil over the next two and a half years recurring revenue from generation now will average about $63M per year, and now $160M over next 7 years, with the bulk of that coming within the next couple of years. So let's just say $120M over 2 + $20M + $126M over the next 2 years from Existing contracts. $266M or ,$133M per year, just from those existing sources/contracts. Compared to $128M+/- a couple per year the past 2 years up from $69M+/- a couple for the previous 3 years.
In June the company will host a current and perspective customer. A total of $160 million
Still in the process of reading but I'm certain it's going to be an awesome read. Bears know where they can stick this.
https://s21.q4cdn.com/256256048/files/doc_news/FuelCell-Energy-and-Gyeonggi-Green-Energy-Announce-Agreement-for-Purchase-of-Fuel-Cell-Modules-and-Service-Agreement-for-Worlds-Large-P7OGY.pdf
And oh by the way"I told you so"
South Korea is going to be our cash cow.
Original video posted by Kelly66 on stock twits. Must watch!