Readers, though numerous posts are made on this message board saying that various projects will be completed in various months (or are projected to be completed in various months) keep in mind that FCEL in its communication to investors has stopped giving precise dates (such as months) for when projects will become COD. We thus do not know that the San Bernardino project will be COD in December 2020 - maybe it will be COD some time in 2021 (maybe even as late as during the spring of that year). We don't know that the current Yaphank project will be COD in June 2021, instead it could be COD months later than that date. Likewise we don't know that FCEL will have positive cash flow by the end of fiscal quarter 3 of fiscal year 2021. Therefore readers, if you are planning to buy shares of FCEL I encourage you to be very cautious when you read posts saying projects will become COD in (or by) specific months and when you read posts saying FCEL will have positive cash flow (or positive EBITDA, or be profitable) by specific months, quarters, or even specific years, and when you read lofty stock price projections based upon such claims.
Keep in mind that during the years 1995-1997 FCEL had small positive net income, but has not had positive net income since October 1997. Ask yourself 'since they had been profitable for at least three years, why haven't they been profitable (on a net income basis) since October 1997 for at least one quarter year?' Therefore, be cautious of accepting claims that it will be profitable in 2021. Perhaps it will have positive Adjusted EBITDA by the end of fiscal year 2021 (and the company says such is a target/goal of theirs) but FCEL might not achieve such. For 17 months the stock has struggled to rise above $3/share and say above $3/share. In the past 17 months during the few days the stock rose above $3/share it dropped back below $3/share within 2 trading days later. During the past 17 months the stock has never held above $3/share consecutively for more than 2 trading days. FCEL has frequent share offerings and such dilutes the value of FCEL's shares, and thus tends to hold down the stock price, and announcements of such offers tends to slam down the stock price. Despite such negative effects of FCEL's share offerings, FCEL's press releases and SEC filings tout those offerings as being positive accomplishments - so beware. Granted, those offerings enable FCEL to stay in business but the need for such offerings to keep the company as "a going concern" (to stay in business) tremendously hinders the stock price from soaring to high prices (such as $20/share or even $10/share), or even to reaching $5/share or even a mere $4/share.
In posting to this site, it is my primary aim to provide accurate information and good ideas to the readers, for their benefit - and not hype or nonsense or gross exaggerations (except maybe for humor). I hope I achieve that goal.
