Replies to post #17336 on FuelCell Energy Inc (FCEL)

[M4dsc1]

If project 651 (Yaphank Solid Waste Management) has been withdrawn since 10/31/2018, why is FCEL still listing it among their planned projects in their Q3 from 2019 with a target completion date of Q1'21?

Last status before it moved to Withdrawn was a 4 - SRIS/SIS Pending, meaning the feasibility study had completed.

They are intending to go from withdrawn through all of the remaining studies and complete construction within 14 months?

[44centsAKAchoccake]

I mean one thing you need to understand is that FCEL doesn't control the project schedules. There is always regulatory involvement at some level or another. Interconnection with the grid, arrangement of gas transport (more complicated in CA re biogas), various siting type issues, etc. The PPAs for the LIPA happen after all that is said and done. That's weird, obviously, compared to other states where PPA tend to get signed early. Still, FCEL must have confidence that LIPA will come through with a PPA at the applicable time.