Replies to post #13881 on FuelCell Energy Inc (FCEL)

[fsulevine]

I really doubt another R/S would fly with shareholders. I already voted against this last one.

[lightrock]

Honestly, it would have to be 'all of the above' subject to timing limitations.

If you run a business, you maximize your options

Look at the OS vs. Float and consider whether or not there is a balance-of-power issue with that.

A further R/S would cripple shorts, crush retail, and open a door to an apparently "reasonable" "hey let's just go private" kind of offer.

Even with magnificent success, retail can fall out the back and go bumping along the road.

The word to use is "possible".

So, what is likely ?

I think it is likely we will land one or two big fish in 6 mo. If we don't, then maybe 'possible' turns to 'probable'.

[Maximilliano]

krays for the same reason in June 2018 FCEL announced the "At Market" Share Placement of $50 million the day before FCEL was awarded the two projects from DEEP representing 22.2MW.

Why you say......

[44centsAKAchoccake]

I tend to that view also (FCELB holder).

At one point it seemed like there were a lot of deadlines around August 9, 2019, but a recent 8k disclosed a relaxation of that date, so its more of a rolling process.

They seem to be making progress and they've sold a ton of shares recently to investors that will want them to make progress as quickly as possible.

Getting rid of Hercules and NRG are obviously key. They've been making progress on that it seems.

They need to finish Triangle and Tulare and get permanent financing. Triangle doesn't have a PPA with an offtaker, which is probably the snag there. Tulare was allegedly $2 mm over budget, but even if that turns out to be true, they that should be getting it straightened out by now or soon.

The Navy base is going slow but it seems that they have funding for that project.

I assume that they aren't doing much re NU, LIPA, and Toyota and so on. I suspect the deadlines are far enough ahead that they can manage them OK. One question I have is whether the funding from Generate Lending, which seems to be on hold until Hercules is sorted out.

They seem to be done with ATM sales for now.