FuelCell Energy Inc (FCEL)

[AgeOfReason]

Yesterday's financial report was underwhelming and since FCEL said that the Groton project COD status will be likely delayed further - perhaps till October 18th or even later, it makes sense that the stock has fallen substantially from yesterday's intraday high. I anticipate $FCEL will eventually drop back below $5.99/share.

The GlobeNewswire press release said "If commercial operations are delayed beyond October 18, 2021, an extension will be required from the Navy and the Navy will determine whether such extension will be granted." The fact that FCEL said an extension would be required from the Navy and need to be granted by the Navy if the project gets delayed beyond October 18th is bad news and a a good reason to consider not buying further shares of FCEL stock for now, in my opinion.