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To answer Krays question in post 43062. The end of 2017 there were 4.16 million common shares, the end of 2020 there were 221.96 million. FCEL knows how to make shares! Look on the bright side, it makes the loses per share smaller.
FYI Some interesting info. When my original investment went to a penny per share (12 cents post reverse split), i never thought i would get back to the point of only being down 50%! LOL. Glad I hung on, will continue to do so. I still believe in the technology's and am starting to have a little more confidence in the company.
https://stocknews.com/news/fcel-bldp-fuelcell-energy-vs-ballard-power-systems-which-stock-is-a/
Anyone see this article from Investor Place titled "Is FuelCell Energies Business Truly Sustainable"?https://investorplace.com/2020/01/fuelcell-energy-fcel-stock-sustainable/ Their conclusion is "Probably not", but their main point is that Fuel Cells use Platinum! I don't claim to be an expert, but one of the things that attracted me to FuelCell Energy several years back is that their cells don't use noble metals. Pls correct me if I'm wrong. Man, a little basic research before writing would be nice!
Has anyone seen test results from the Exxon/Fuelcell Carbon Capture Prototype Test at the James A Barry power plant?
The test should have ended in the Fall. I assume results of the test were good since Exxon has funded additional research, but it would be nice to see some data. I can understand Exxon playing things close to the chest, however, most of the testing was funded by the government so its seems like they would be putting out something.
Was the Pilot Program with Exxon at the James M Barry Electrical Generation Station every completed. Seems like Sept/Oct was timeframe. If so, anyone aware of results? Did it drive EXON's most recent interest in FCEL?
Henrik Alex's article on "Fuel Cell Energy - Toxic Dilution is Hitting at Full Force" on Seeking Appha is sort of eye opening for me. Perhaps you all have read it with different opinions. However, to me it states the whole problem and why the common stock isn't going anywhere (probably even if they are successful) . Im an old guy that has been investing for awhile. I have what i think is a large diversified portfolio of blue chip stocks. I got into FCEL because I love the technology going back to the '70s when i was involved with H2 fuel cells with Hamilton Standard. i believe in the long run, there is a place for them. However, FCEL has taught me the expensive lesson that i don't have the expertise to evaluate a small company. When i stick with Blue Chips that really can't get away with these types of shenanigans without at least a lot of press, i can do OK and not have to worry about checking into all the details such as how shares are issued or finance arrangements. The bottom line for me is that Jack B is right, the company is fundamentally flawed. I will keep my 10,000 shares. They've lost most of their value already, and who knows, maybe several years from now they may be worth something.
Interesting - note that the fuel cell powered train is cheaper to operate than the diesel version
https://www.news.com.au/technology/innovation/germany-rolls-out-worlds-first-hydrogen-powered-train/news-story/c541cff25ab079ef3281929ab003940d
We are only keeping track of the ones on this planet.
Just a reminder - don't fall in love with your stocks.
I am long FCEL, and have great hopes for its technology and future. However, it is a very speculative stock and should be only a small part of a portfolio (a common ground rule is no more than 5% of your portfolio in any one stock) Don't pin all of your economic success on FCEL's success. Even great ideas don't pan out. I suggest one doesn't get so emotionally involved in the companies success that it clouds making good overall financial decisions such as staying diversified . $5K invested 20 years ago in each of 4 very plain companies (Walmart, Wells Fargo, Johnson & Johnson, & GE) for a total of $20K invested (and dividends reinvested) would be worth $72K today with a yearly dividend of $1911. (and some of these companies have had a rough go of it, none were superstars). $20K invested ( and dividends reinvested) in the SP500 (SPX) 20 years ago would be worth $70,832 today with a $1254 yearly dividend. $20K invested 20 years ago in FCEL is worth $335 today, no dividend. FCEL has a lot of promise, and I think a lot of opportunities are coming together. However, IMHO, FCEL is for spicing up a portfolio, don't let it be a anchor. End of lecture. I promise.
Thanks krays. Looks like installation isn't until first qt. of next year with test in 3rd qt. so we probably won't really hear anything until the end of '19, maybe early '20,
Does anyone have a status on the carbon capture demo at the James Barry power plant.? Also does anyone have a link to a schedule for that program?
Thanks
Thomas Reuters gave FCEL a little Christmas present on 12/25 with a upgrade from Sell to Hold. Of course I'm cherry picking the data a little since there were about as many down grades as upgrades over the last month, but I always feel that Reuters is one of the more notable recommendations.
http://secfilings.nasdaq.com/filingFrameset.asp?FilingID=12432436&RcvdDate=12/15/2017&CoName=FUELCELL%20ENERGY%20INC&FormType=8-K&View=html
Looks like all motions were approved (by a large margin)
Looks like I only get 3 posts a day - will have to use them carefully! (I’m way to cheap to upgrade)
Max - thanks for the articles, that sort of stuff keeps me long and hopeful
JB - Pratt and Whitney (United Techologies), not FPL. Started in 1970 when they started development of the F100 engine (in the F15 & 16)
VK - I’ve learned a lot about the market over the last 20 years (at least I hope I have). I think the most important thing is finding the investment style that fits your temperament. IMHO if one is using a “system” or technique that isn’t right for them, they will bail at the wrong time. I’m a buy and hold for ever type that favors dividends (aapl, Lmt, abbv, pep, Wmt etc) That said, FCEL is my one wild hair. However, I love the technology (I have a physics degree) and think it is ideall for certain applications (not all, I don’t invission a fuel cell world).
As far as learning about the market, I think “STOCKS FOR THE LONG HAUL” by Jeremy Siegel is very good. Also, Chuck Carnevale on Seeking Alpha is very good (I find his fast graphs indispensable)
On the meeting today, the agenda sure doesn’t look like there’s much room for revelations, however I’ve never gone to a share holders meeting. Opinions? Think we will hear anything interesting?
FS - I’m down south, in Jupiter. Now retired, but worked my entire career here.
JB - I certainly agree that fuel cells are expensive up front, and IMHO we are not going to see them in the lead for pure power generation (my utility FPL already has solar and wind farms in service). I believe the question comes down to if there are enough special applications to make the company profitable. For instance, Pfizer has decided Fuel Cells are the way to go for them to get of the grid and improve reliability of their power source. One would have to be in their business to understand all the trade offs. Microsoft has also expressed interest in getting their data centers off the grid. Each situation is unique with only initial cost as one ingredient. As for a the sub base - again i don't have insight to their cost/reliability study, but intuitively i would fell more comfortable already secure on a micro grid that relaying on power transfer during an instantaneous electromagnetic attack designed to disrupt (knock out) electronics. As far as only one small base. - I would expect the Navy to get a little experience with the system before a bigger commitment. I also really don't think that using the fuel cell at this base was a decision made by the Lt. in charge of facilities.
FCEL Long - new to the blog. Very interesting. Past career gave me experience with EMP (Electro Magnetic Pulse) warfare. We now have a leader in North Korea who has threatened same. Seems like getting critical infrastructure/military installations off the grid may become a priority. Sort of wonder if that was a driver with the sub base. Seems Fuel Cells may be ideal for that. Any thoughts?