NO ONE SAYS HYDROGEN WILL NOT PLAY A SIGNIFICANT ROLE IN IN THE TRANSITION TO ALTERNATIVE ENERGY. BUT THE CONNECTION BETWEEN THAT AND FCEL CANNOT BE MADE AT THIS TIME. THERE ARE LEADERS AND LAGGARDS. THE WORLD HAS NOT RECOGNIZED FCEL AS A LEADER.
THERE IS NO GUARANTEE THAT fcel WILL BE AWARDED A NEW CONTRACT OR ANNOUNCE A COMPLETED CONTRACT BY YEAR END OR IN 2022.
GROTON/NAVY IS TWICE SUSPENDED WITH A DEADLINE OF 12/31 TO FIX AN ENGINNERING FLAW CAUSING A FIRE. EVEN IF FIXED:
1) ITS ACCOUNTED FOR ALREADY IN THE BACKLOG.2) IF ITS CANCELLED THAT WOULD BE A SERIOUS BLOW.
THERE IS FURTHER NO GUARANTEE THE FUNDS SET ASIDE IN CT FOR CC ALT ENERGY FUEL CELLS WILL GO TO FUEL CELL CORP OR FOR THAT MATTER WHEN CONTRACTS WILL BE GIVEN. THERE IS ONE BIG COMPETITOR IN CT ALREADY HAVING DONE AND COMPLETED SATISFACTORY WORK IN THE FIELD OF CC. FURTHER , DEBT LOAD WOULD INCREASE SIGNIFICANTLY DUE TO BORROWINGS NECESSARY TO BEGIN WORK IF THEY WERE AWARDED A CONTRACT OR ANY PART. THE BALANCE SHEET AND DEBT LOAD WOULD REFLECT THAT.
THE EXXON WORK WITH FCEL HAS A DEADLINE UNTIL APRIL 2022 TO PROVE A 6 YEAR PROJECT IS VIABLE, COST EFFECTIVE, AND IS BETTER THAN OTHERS EXXON HAS CONTRACTED WITH FOR CC REMOVAL.
SOMETHING IS TERRIBLY WRONG WHEN IT TAKES 6 YEARS TO PROVE A CLAIM.
2 OF 3 LIPA AWARDS WERE CANCELLED. REASON: NON-CLOSURE OF CRITICAL INFORMATION TO SHAREHOLDERS ... AND KNOWING THEY WERE TERMINATED STILL COUNTED THEM IN THE BACKLOG.
11 PROFESSIONAL ANALYSTS HAVING DONE THOROUGH RESEARCH HAVE NOT CHANGED THEIR RECOMMENDATIONS. 3-4 SELLS AND NO BUYS AMONG THEM.
THE STOCK DID HIT BELOW $6.00 INTRADAY FRIDAY BUT CLOSED ABOVE IT . SUPPORT AS I SAID IS FORMED INTHE $6.00 AREA. SO IN ORDER TO PREVENT THE STOCK FROM FALLING TO A NEW 52 WEEK LOWW, THE $6.00 AREA MUST BE SUCCESSFULLY TESTED SEVERAL TIMES AND REMAIN ABOVE $6.00.
MY BEST ASSESSMENT , GIVEN THE OVERALL TREND , NEGATIVE INDICATORS, WEAK FUNDAMENTALS AND PROFESSIONAL ANALYSTS RESEARCH IS A NEW 52 WEEK LOW IS IN THE OFFING
WHILE OPTOMISM STILL EXISTS THE GROUNDS FOR IT CONTINUE TO WEAKEN . ALL OF IT IS BASED ON ASSUMPTIONS AND HOPE. THERE IS NO REASON TO BELIEVE THAT SAME OPTOMISM WILL NOT BE A REPEAT IN 2022.
TAX LOSS COULD ADD WEIGHT TO THE DECLINE BEFORE YEAR END.
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