FuelCell Energy Inc (FCEL)

[hopester]

1) Revenues by itself is a poor metric to base an investement in FCEL on. Witness the doubling of losses as revenues increased.
2) A new relationship is not an award. Until the " relationship" progresses to new business it adds nothing .
3) There has been no announced business of the sort. Nothing was announced in the CC . The expected new business from Posche did not materialize.
4) Exxon continues to allow FCEL to continue its work . They have nothing to lose. In the meanwhile FCEL's costs mount ias for 8 years they cannot prove their claims. Few made mention of Rotterdam, but did not express assurance they will be involved. If there's a bet to be made in Europe, bet on Plug and Bloom. They've got the attention and the spark.
5) The 95,000,000 share filing is diluting shareholder value . $18,500,000 of those shares havwe been issued already. The $450 mil cash on hand apparently is not enough to cover the cash burn expected and the mounting expenses . Thus the need for a 95,000,000 sh offering.
Patents won't do it. Plug and Bloom have the right technology , patents and garnered respect from giant customers like Amazon, Walmart and a $4 billion contract to Bloom in So. Korea already. FCEL cannot boast such recognition.

Share px could rise slightly as the 8-9th DEAD CAT BOUNCE unfolds. $4.50- $5.00 and it stops there resuming its long term downtrend.
The market , respected analysts and investors have not been convinced this company is worh anyome than the current px and may be worth allot less.