FuelCell Energy Inc (FCEL)

[King James 1]

Hog, Its being held back until it will be most profitable in the next run up. The most important notation in your post is that hard to quantify value stream;

"The simple facts are, This company has been working closely with the powers to be internationally for many years. Our long-term partnerships alliances and experience with the Department of Energy, Sheffield University, Department of defense, The likes of ExxonMobil Toyota and Drax, combined with the many new memorandums of understanding or contracts with IBM, TuNur, Oando, MHB, and the list goes on,."

It only scratches the surface when you throw in the knowledge of navigating state and local governments and regulatory bodies. Its not the kind of knowledge that can easily be replicated. How is that priced in?