FuelCell Energy Inc (FCEL)

[M4dsc1]

I agree. I often deal with board members in my occupation and their oversight roles will be focused and narrow to where the risk is for the company, but it will not be sufficient to understand day to day operations.

FCEL has potential to become a FCF machine if they can get even a part of their backlog cleared, which is the main driver for why i finally threw my hat in the ring this spring after watching the stock for the better part of a year. Once the debt concerns are gone, and people realize the amount of FCF that they will have from all the PPAs. Funding of projects will be easily backed by power generation and sales will be driven by the proven track record of their operating plants and clean slate to their name without having to resort to BK to restructure. Let alone once h2@scale gets off the ground and their CC ability is noticed and seen as a company that not only has strong technicals but is also filling an imperative need to save the planet! (yes: over-exaggerated exuberance)

If you could buy a massive utility like Duke Energy for pennies on the dollar when they were in their infancy wouldn't you? FCEL may not be a newbie startup, but this is definitely their infancy as they are only now starting to be recognized for being able to produce a proven product. But the company is going to jump straight from infancy to fully abled adult very quickly in the next few years as soon as these key initial projects are completed and horrible debt burden is lifted.