FuelCell Energy Inc (FCEL)

[Hoghead7]

Yes I understand we won't be getting a service contract on anything we own but I do believe there are a couple of projects in progress right now that we will be getting service contracts on and if not they will convert 2 generation backlog. I will try to take a better look at it tonight when I have some time. From the reverse split is exactly why I'm coming up with a $10 price Target. Because it was priced at over $10 without the Beacon Falls project being a done deal but when we had incentives that disappeared. Now that we have the incentives that technology has improved our backlog has improved our cash on hand and available cash has improved there is no reason whatsoever the stock shouldn't go back to the same valuation. If we could hit even three to four times earnings by the end of summer that would put us up in the six to $8 range. And that's not assuming any huge projects come through. That's just making sure we follow through with everything we already have. If we could put 30 or 40 more megawatts in backlog on top of that that's where I come up with $10. But we have to sell some of it we need to make sure we have plenty of cash available.