FuelCell Energy Inc (FCEL)

[Hoghead7]

Recap
16.1M shares traded hands today. That makes six days of the last 30 where the stock exceeded average volume and ended up in the green vs 5 days in the red when we exceeded average volume. One of those days was an overreaction to a couple of concerns about earnings in which the volume barely exceeded today. Plus 8% on the week. We issued 18 million shares part in Q3 and part in Q4 The part in Q4 was larger which means a larger percentage of the cash from those sales will be used for unrestricted cash at the end of Q4. Guidance was reaffirmed and a plus was added. Significant growth in revenue for Q4 is projected by analysts and informed investors. S Korea orders received and expected to be delivered in Q4. Interest and investment in fuel cells particularly, continues to grow globally. Toyota not only projected on schedule but possibly completed in 2022. I reiterate my opinion about cash burn average of $20M or less per Qin the coming 3 months.