FuelCell Energy Inc (FCEL)

[Hoghead7]

Okay, let's try this 1 more time. Financial crisis over. Ignorant people say they are "bleeding cash". Guess for lazy people not doing diligence they will have to wait for Q3 & Q4 earnings to see. For those playing the home game (Longs doing diligence), why would the banks take months to do diligence to give the company $70 + million over about a 7 month period for Tulare (2nd Project with the WW Treatment plant by the way), BP, Bolthouse Farms (3rd Project with Campbell's soup by the way) and Groton (US Navy). They didn't do diligence then say, ah screw it, let's give them the $ then just sell assets and take over the company if they can't make it.
2nd, as I said before a few times. They have cut expenses by over $16 (combined pay and benefits) by letting go 135 employees and Chip. And, they have added over $20 million a year in recurring Revenue from generation alone. That is over a $36 million a year turn around or about $9 million per quarter. Cash burn was around $12 million per quarter average.
3rd revenue from service and maintenance will grow based on aging units everywhere.
4th. We have resolved issues with Posco, so we will get more $ cash income from S. Korea.
5th Carbon Capture demand is growing, Exxonmobil just paid $10 million for "non-exclusive" licensing agreement.
Big stuff happening and Huron will announce exit to collect their bonuses before end of August. Turn around completed. September CC will be very upbeat. Jennifer at the helm. Confidence will soar. $5 minimum by EOY. Q4 CC will be better than Q3.