first of all, when this article came out on June 12, fcel's stock price was $2.60...at the moment, the pps is $1.22...and thats because its up a nickel so far...
wherever they thought the price could go was based on the pps of $2.60...its way less than half that now...and it was before the company asked for 500 mil more shares, which is doubling the outstanding shares.....i wonder what they would think NOW...
they say the pps could go to $23....but in the next 7 YEARS, they saw the max pps being 10 bucks...im not sure when they saw $23 happening...
heres a quote you should have posted:
"There has not been any significant growth in the revenue of Fuelcell Energy Company in the last ten years. Ten years ago, the total revenue of the company was $121 million, whereas this year it is $130 million.
If we talk about the net profit of the company, then the net profit of the company has been negative for the last ten years. This year, the net profit of the company is $-146 million."
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