Replies to post #15552 on FuelCell Energy Inc (FCEL)

[M4dsc1]

To be clear i compared the imagery from August 16th and September 22nd. Some of the imagery if the sun is too strong will be washed white and you can't see anything. You need to find an image that will let you actually see the ground. You can get 10 free images a day to view, so be careful about getting too click happy with images or else you'll run out. Sometimes the cloudless images are not the best as the sun is too strong.

How to use EOS:
Go to link provided: https://eos.com/landviewer
Type in 'Groton, CT' into search box.
Drag bottom right corner of the blue box up above the East-West highway to get closer to the naval base location and get a more detailed map view so that you can see the streets in and around the base.
Further concentrate the area of interest (blue box) to capture the area north of the pond within the naval base between route 12 and the river.
On the right hand navigation near top select the search filters and disable all sensors except for Sentinel-2.
Click 1 of the corresponding images and wait for it to load.
To enable the slider so that you can compare contrast images, after selecting your first image, on the right nav at the top right there is an icon, select that. Then select your second image.

The site for the fuel cell is to the NW of a building that looks like either a C or a U depending upon which way you tilt your head. Among the green vegetation you will see a brown spot. It is blurry and it doesn't look like much, but if you start looking at enough imagery you can tell when there are objects on the ground compared to just ground. And right now, it's just ground.

[M4dsc1]

I do hope that they can be more accurate with their timelines, but 2Q2020 is still a long way off. Potentially April for the ready date. I did take your post to be that it would be in the October update for September, but even adjusting for it to be the November update concerning status in October, i don't think they'll be there.

The fuel cells themselves don't account for 50% of the project. So even if they are fully conditioned on time, I don't see the project status being reflected as 50% complete in November's update.

I would expect construction to happen quicker at the tail end than at the outset of the project. As such, i would expect the Fuel cells to be ready by end October/November and requisite construction completed before the fuel cells can be moved to the site by around December. Then fuel cells moved and installed somewhere before end of January and then the remaining project requirements completed by end of February with March and potentially April to run all necessary diagnostics and checks.

In that scenario i would consider the project 50% complete somewhere between November and December.