FuelCell Energy Inc (FCEL)

[M4dsc1]

I can't see how the news of the day is not positive enough to shift momentum back into positive flow. If confirmation that a project is 99% done and ready to be COD within a matter of 2-3 weeks along with status update that plans for a 7.4mw project moving along with completion expected in approximately 6 months is not enough to move the stock, i don't know what investors are potentially waiting for, short of the shareholders meeting on 12/13.

But the real question that shows why the shareholder meeting is irrelevant is...

With Tulare bringing in additional revenue by March and Groton bringing in additional revenue by July-October and a corporate/construction loan for $120m available to FCEL...
Q: Why would the company need to further dilute with shares?
A: It doesn't and therefor it won't.

FCEL will go from 26.1mw generation to 36.3mw (a 39% increase) in the sub-12 month time frame. With 2.8mw turning on in 2-3 weeks (11% increase).

Additionally, in the medium-term plan, FCEL has at least 3 additional projects (7.4 + 1.4 + 14.8 = 23.6mw) which when combined with the near-term time frame represents a 130% increase from today in their generation portfolio within a period of about 18-24 months.

FCEL doesn't need to go hunting for financing for any of these projects as it has already been secured. That means... They don't have to concentrate on how to keep the lights on. They can concentrate on executing the backlog. They can concentrate on expanding research. They can concentrate on expanding sales and partnerships...

That means... there is no reason for the market cap to be where it is.