FuelCell Energy Inc (FCEL)

[Ecomike]

This has got to be some kind of massive desperate pump and dump last minute exit underway folks, all IMHO.

I have followed this stock and fuel cells for over 10 years, and FCEL lost something like 45 million dollars in the last 12 months, Just did a R/S 12:1 IIRC, and this volume must be a massive a pump and dump of some kind as there is no news to justify the rally.

Thoughts and prayers(?) for anyone that buyers at this level with money they can not afford to loose.

Here is part of why I say this:

https://www.otcmarkets.com/stock/FCEL/financials

Just look at the disastrous cash burn

There was huge shake up in the news, CEO was run off for one.

Screen shot for IHUB financials summary



The Exxon deal announced in June did nothing for the stock as it crash about 80% after the news?

"FuelCell Energy soars on Exxon license agreement
Jun. 12, 2019 12:33 PM ET|About: FuelCell Energy, Inc. (FCEL)|By: Carl Surran, SA News Editor

FuelCell Energy (FCEL +54.7%) explodes higher after disclosing a new license agreement with Exxon Mobil (XOM -0.7%); trading has resumed after a brief halt.

FCEL says the deal grants XOM a non-exclusive and worldwide license to use its "patents, data, know-how, improvements, equipment designs, methods, processes... to research, develop and commercially exploit carbonate fuel cells in applications in which the fuel cells concentrate carbon dioxide from industrial and power sources."

XOM will pay $10M to FCEL to become fully vested in the rights and licenses granted."

Days after this news:

"FuelCell slammed after hiring restructuring firm, dismissing CEO Bottone
Jun. 6, 2019 11:40 AM ET|About: FuelCell Energy, Inc. (FCEL)|By: Carl Surran, SA News Editor

FuelCell Energy (FCEL -33.3%) sinks to multi-year lows on disclosing it terminated President and CEO Arthur Bottone after more than eight years at the helm and that it hired Huron Consulting Services to assist restructuring and contingency planning initiatives.

Oppenheimer's Colin Rusch downgrades shares to Market Perform from Outperform with no price target, saying with FCEL entering into a full restructuring via Huron Consulting and the CEO terminated, the company's strategy for moving forward "has become increasingly more difficult to predict."

Rush says he had anticipated FCEL would restructure its debt but it is now unclear how the company will move forward both from a capital structure and management perspective.

Cowen analyst Jeffrey Osborne also cuts FCEL to Market Perform and lowers his price target to $1 from $2.75 following the hiring of a restructuring firm and dismissal of the CEO."

Both quotes from June 2019 Seeking Alpha write ups

Here is the long term chart: