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Honda certainly knows about Toyota POLB
What are they waiting for?
Honda has identified four core domains for the initial utilization of its new fuel cell system: fuel cell electric vehicles (FCEVs), commercial fuel cell vehicles, stationary power stations and construction machinery.
https://hydrogen-central.com/honda-to-debut-class-8-hydrogen-fuel-cell-truck-concept-at-act-expo-2024/
Indonesian Govt to mandate all vehicles to be hydrogen-based in IKN
https://www.thestar.com.my/business/business-news/2024/05/21/govt-to-mandate-all-vehicles-to-be-hydrogen-based-in-ikn
"JAKARTA: The government wants to mandate all vehicles in the future capital city of Nusantara (IKN) to be based on hydrogen, in a move that appears to mark a shift from its initial focus on battery-based electric vehicles (EVs) in the planned new capital in East Kalimantan."
Honda to Debut Class 8 Hydrogen Fuel Cell Truck Concept at ACT Expo 2024
https://hydrogen-central.com/honda-to-debut-class-8-hydrogen-fuel-cell-truck-concept-at-act-expo-2024/
"“Honda is actively seeking business collaborations and customers to help bring these hydrogen fuel cell solutions to market here in North America.”
POWER PURCHASE AGREEMENT FOR THE FUEL CELL FEED-IN TARIFF
2.11 "Environmental Attributes" means any and all current and future regulatory credits, benefits, emissions reductions, offsets, and allowances, or market value accrued, howsoever entitled, statutory or voluntary, as the result of generating fuel cell energy from the Facility, including but not limited to (i) renewable energy credits and certificates; (ii) certificates or offsets for avoided emissions of pollutants regulated by the Clean Air Act and greenhouse gases that have or may be determined by the United Nations Intergovernmental Panel on Climate Change to contribute to the actual or potential threat of altering the Earth’s climate by trapping heat in the atmosphere; (iii) all set-aside allowances and/or allocations from emissions trading programs, including but not limited to allocations available under NYCRR §§ 204, 237 and 238; or (iv) other emission offsets, and any other environmental benefits, reductions, offsets, allowances, certificates, or green tags resulting from generation of Fuel Cell Products.
5.5 Environmental Attributes.
Should Buyer create, sanction, adopt or begin participation in a tracking system of accounting for generation-related Environmental Attributes or certificates associated with renewable generation in the New York Control Area, Buyer shall give Seller written notice thereof, together with instructions and any necessary forms, and thereafter Seller shall deliver such attributes or certificates associated with each Environmental Attribute at the earliest time such certificates or attributes become available for delivery to Buyer. Seller will take all other steps to execute and deliver all such instruments or documents to ensure availability of Environmental Attributes to Buyer.
(See link) (4th down?)
PSEG Long Island
https://www.google.com/search?q=fuelcell+energy+power+purchase+agreement+form&rlz=1C1CHBF_enUS996US996&oq=fuelcell+energy+power+purchase+agreement+form&gs_lcrp=EgZjaHJvbWUyBggAEEUYOTIGCAEQRRhA0gEKMTY1NDJqMGoxNagCCLACAQ&sourceid=chrome&ie=UTF-8#ip=1
"Well at some point it has to bottom"
been hearing that since $25 per share...i dont think saying that has any real value...
"it's not going bankrupt"
so long as the company has 500 mil shares they can dump and gullible shareholders they can dump on, no, they wont go bankrupt...some shareholders might...but the company wont...
"it's not doing a reverse split."
the company has done several r/s in its history...and many said they wouldnt r/s right before they did r/s...the stock has been below a buck for over a month now...Few wants the pps to be at least $5...he doesnt want to have to screw around with delisting...it doesnt really matter if the stock goes below $1 or goes a little above it...Few will r/s just to get it well away from that level...i suspect he would dump the whole 500 mil shares into the market, take what he can get from it, then r/s to make it all good again....good for the company anyway...it will screw investors though...but like i said, its what they do and have done...
"As identified by long-term followers and investors as well as many new faces or names just now jumping in. "
smh...you think a few new investors will bail you out?....lol
"As stated before closing over 85 cents would be a good thing, closing over 95 cents would be a great thing."
you have been doing this for years, starting around $15...now its 85 cents...lol
"I'll take green 2 days in a row, then a close over 95 cents to put a stamp on it."
yea...that'll put a "stamp on it" alright, lol...whatever that means...kinda like "pounding the table"...how about just go pound sand...
I am still searching for actual document from Connecticut regulatory bodies. I find "news" of PPA but never the real deal. May have to dedicate some phone calls to the state.
I have never seen one either and I don’t think they are released to the public.
Well at some point it has to bottom it's not going bankrupt and it's not doing a reverse split. People obviously see value at these levels As identified by long-term followers and investors as well as many new faces or names just now jumping in. As stated before closing over 85 cents would be a good thing, closing over 95 cents would be a great thing. I'll take green 2 days in a row, then a close over 95 cents to put a stamp on it.
You think it's strictly a coincidence This is at Long Beach? It's truly just simply a matter of time before the market cap is back well over $1B.
https://tdevbseab.cc.rs6.net/tn.jsp?f=0016pMIxoQ5b0CSnN2qZLoNFB1KIliNUDVC4i8wxcrqP96OKHbUdKzxm8tx6x3ntwZ4PzQQBVhAI6wlJBWZg4dcJt26QWv7Ebgi00o2XX6UFrDGkpke8nn2DGZsFyNdpjIIhYKeJ-_QHOjR0W1ogPBh-IYw2SK7GXTWt4gU_VOaIM9ei2vtTqGm_7B3NDJxZz6OHf_0thb85oCf3IwDg3YpOj3sULs-bx3KeJX14P_qQjuaSVprnC5urQZBtWYXo1ep&c=NyIRUqjHBDptvovN1sRkKAoRhTW-to5Cw_H7-nXZXSc46QsDvzgePw==&ch=-Ttpn1eu9tFM_eYUaJXPnwScJPUNUT0iZai67p1ZcH4ZSJoQ8rz-fg==
So....You've been had before in the ring of fire in the pot of gold at the end of the rainbow. That sum it up?
Check out @DisgruntledDavid message on Stocktwits http://stocktwits.com/DisgruntledDavid/message/573569503
How do you have news like this on top of the project with Toyota being officially announced and having received multiple awards, Receiving a joint development extension with Exxon Mobil running through December of 2026 for $10 million a year minimum, and agreeing to the first commercial installation with them at the Port of Rotterdam. Not to mention completing two different projects worth over $16M a year for the next 20 years in Derby CT.
And They just went to full operation of a project with the Department of defense in the US Navy! Does that make any sense at all to anybody??? All within 6 months. It's shockingly stupid! And the only reason it could happen is because everyone's not aware of it. Otherwise the billionaires that invest would gobble up shares at these prices.
Told You!!!
all they've ever done is register stock and peddle a story. Since they first went public. Goes all the way back to 1992 when they went public. They've been doing the same thing for all these years. Tax shelters with a little municipal participation.
facts:
1 The company has completed four projects eliminating all costs associated and adding recurring revenue to the generation portfolio in just the last 6 months.
2 The company has also received awards for three new contracts in the past 6 months.
3 They also extended the previous 10-year relationship with ExxonMobil for a MINIMUM of $10 million a year through December 2026
4 They have been developing relationships and progressing in negotiations with several different partnerships over the past 2 years. A couple of those will reap benefits in the near future, South Korea being 1 and a very important one at that. That will ensure they maintain plenty of cash for operations without selling shares or taking a loan over the next two years.
5 They will be on the cusp of profitability once those projects begin delivery in South Korea. Although the company does not need to reach profitability for shareholders to be rewarded, That will be the ultimate slap in the face for shorts. there will be no reverse split because the stock will be back over $1 by second week in June at the latest. So although they may receive notice of non-compliance from the NASDAQ, They will rebut with a comment stating they expect to regain compliance prior to the 6-month deadline.
It's obvious there is still a short attack underway. One of the easiest ways to tell is that the stock is down on heavy volume. We never trade more shares than plug power unless something is going on. We are again trading far more volume than plug power. And plug has had news. And although the company may very well have sold shares, And it's even possible they are currently although I doubt it. I'm relatively confident they haven't sold more than 100 million shares. That doesn't justify a 60 million share a day average for the past week.
We have a combined heat and power application. And we have our trigeneration system which creates water power an hydrogen. I'm not sure if we can claim to create heat power an hydrogen.
No value unless/until sold?
HyAxiom in that web site is touting
"The Tri-Gen System, a modification of the PureCell® Model 400, co-generates hydrogen, electricity and heat on-site simultaneously making it optimal for use in electric and hybrid vehicle charging stations"
So they are undercutting FCEL claim to be exclusive maker of Tri-Gen?
Interesting, Bobcat owns Doosan! But installed??
https://news.ararental.org/bobcat-co-installs-stationary-fuel-cells
531 patents currently valued at $0
Today is World Intellectual Property Day, and FuelCell Energy is proud to celebrate more than 50 years of innovation and creativity in fuel cell technology and clean energy. Our team holds more than 530 patents globally, covering the development of our cutting-edge technology. pic.twitter.com/MEoVH8DZQr
— FuelCell Energy (@FuelCell_Energy) May 17, 2024
Any real fuel cell furnaces for residential use yet?
Message from David Wenger, Mission Hydrogen GmbH.
Happy Sunday everyone!
Germany has broken a new record in solar electricity generation this week. 51.2 GW, on Wednesday at 1pm.
Wow. I was taught at university that “PV is good, but it’s never going to happen. It’s too expensive, and it always will be.” That was 20-something years ago.
Things are changing rapidly.
Will hydrogen be a part of the energy transition? Maybe no. Probably yes.
The best way to predict the future is to create it.
And if you want to develop or sell products to the hydrogen industry, you need knowledge and real life experience.
So here’s what I have to offer for free:
1. Webinar with the Alberta Motor Transportation Association on their “Real Life Experience with Fuel Cell Trucks” in the Canadian winter: www.mission-hydrogen.com
2. Webinar with Draeger on the “Hydrogen Safety in FCEV Workshops” (you can use that knowledge for any kind of hydrogen workshop, repair center, bus yard or truck stop): www.mission-hydrogen.com
3. Hydrogen Online Workshop 2024: 24 hours, 50+ keynotes, panel discussions and expert sessions with some of the best hydrogen experts in the world: www.hydrogen-online-workshop.com/program (there’s a - unfortunately small – “Add to Calendar” icon next to every presentation that converts the time zones automatically)
4. Webinar on “Best of Hydrogen Online Workshop 2024” where I will share a summary of the 24 hours with you and answer all kinds of hydrogen related questions: www.mission-hydrogen.com
5. Webinar on “Hydrogen in the UK” with different speakers to give you an overview of the hydrogen activities mainly in England and Scotland. This webinar is not open for registration yet, but you can mark the 19th of June in your calendar.
6. Webinar with Parker on “Water Treatment for Electrolyzers”: www.mission-hydrogen.com
7. Webinar with Toyota on “The Toyota Hydrogen Strategy for Heavy Duty”: www.mission-hydrogen.com
I want you to take 3 minutes of your valuable time and sign up. It’s free, and there is no catch.
If you think that one of the events is valuable for one of your friends or colleagues, please forward this email. It just takes you 5 seconds, but it might change a lot.
Thank you for your time, and have a nice rest of your Sunday.
David
Mission Hydrogen GmbH
David Wenger
Einsteinstrasse 55
89077 Ulm
Germany
Repost from ADN board.
Turning to Hydrogen is Not Easy, Says Bloomberg – What's Happening in Greece
18 May 2024
https://www.energia.gr/article/218778/h-strofh-pros-to-ydrogono-den-einai-eykolh-ypothesh-leei-to-bloomberg-ti-ginetai-sthn-ellada
Experts agree that hydrogen should be in the green transition toolbox if the planet is to reach the goal of net-zero emissions in sectors such as steel, aviation and shipping. However, the few early projects focused on using hydrogen to produce energy in Europe show that switching to hydrogen will not be as easy – at least not as its proponents present it
This is what Bloomgerg Green argues in its analysis, citing as an example the case of the Leipzig power plant inaugurated in October.
At the same time, in Greece, large groups are launching hydrogen development projects, which will become a reality after 2027.
Bloomberg Green makes special mention of the Leipzig plant, which it writes "is the first, tiny part of a dream energy system designed by policymakers across Europe who rely on green fuel to meet some of the world's most aggressive climate goals."
This dream is based on converting newly built polluting infrastructure to burn hydrogen, a fuel that will be many times more expensive than natural gas and that no one has figured out how to move safely and cheaply in bulk.
Germany plans to build more than 20 power plants much larger than the one in Leipzig, which it advertises as the continent's first "hydrogen-ready" facility. They will be supplied by state-of-the-art LNG terminals equipped to handle specialized clean fuels, such as ammonia, and a network of dedicated pipes stretching for about 9,600 kilometers.
By following this model, governments and companies that struggle to meet deadlines for climate goals but are concerned about energy security can still build billions of dollars' worth of natural gas infrastructure as long as it's "hydrogen-ready."
Gas-dependent economies including Germany, the Netherlands, Spain, Italy and Britain are among the biggest proponents for using hydrogen, and some have plans to use it to generate electricity.
But, Bloomberg points out, there is no official definition of what makes a "hydrogen-ready" facility ultimately open the door to greenwashing.
For power plants, hydrogen combustion has not even been tested at scale.
"There has not yet been any measurable progress in building gas-fired, hydrogen-ready power plants," said Eric Heymann, an economist at Deutsche Bank Research.
The issue of transport
Next, the problem of hydrogen transport has not been solved. The Leipzig plant is not connected to the grid (and has yet to install its own electrolyzers), which means that the highly flammable fuel will have to be transported by truck until the second part of the government's grand plan is carried out. It is building a €1 billion liquefied natural gas terminal in Brunsbuettel, a city along the North Sea that will initially import LNG but will be designed to handle clean fuels in the future.
Hydrogen can only be liquefied at -253C (-423F), far beyond the capabilities of current LNG ships. So Germany plans to import hydrogen in the form of liquid ammonia, a combination of hydrogen and nitrogen that can more easily be converted into liquid. But ammonia is toxic, and handling requires better ventilation systems. Many components at the terminal, including control valves and fire and gas sensors, as well as embedded devices — most of which have not been tested with ammonia — will also need upgrades, according to Fraunhofer ISI, an energy think tank.
The difference with renewables
Industries can be built from scratch with enough support. The renewable energy industry that faced skepticism 20 years ago is now booming.
The difference is renewables harness wind and solar energy to generate clean electricity. Both sources already exist and are in use and are available to the public.
Green hydrogen, on the other hand, will require building more solar and wind farms when, in many cases, it would be simpler to simply use that clean energy directly. By the time hydrogen is manufactured, stored and burned to produce electricity again, there is a 70% loss of energy compared to the original, and the cost has tripled.
Green hydrogen will likely only be useful towards the end of the energy transition, when primary electricity demand is comfortably met by renewables, said Pierre Huns, the governor of Belgium's central bank. "We're not going to have green hydrogen in large quantities and cheap prices before that, because of course we have to generate more electricity to power it," he said.
This is, perhaps, why most green hydrogen projects have so far been left on paper or on the websites of major gas companies such as Equinor ASA, Shell Plc and Sinopec.
A gap is emerging between the scale of political ambition and the money companies spend on building the projects. Just 4% of proposed global projects were financially finalized in 2023, according to the International Energy Agency, while others have already failed.
Big bet
And the truth is that even those who support and promote the use of hydrogen do not hide that it is possible that the world will never produce the green fuel at a low enough price to replace the gas. However, they still support the construction of "hydrogen-ready" gas infrastructure in the hope that the market will catch up.
It's a big bet. If they are wrong, the world risks being locked into decades of fossil fuel pollution and blowing up previous emissions reduction targets. Doing so would result in catastrophic climate impacts, Bloomberg analysts warn.
Germany, for example, plans to allocate up to 20 billion euros to make the transition of utilities to hydrogen economically viable, as the country will urgently need a reserve for periods when sun and wind are not available. If these subsidies don't go through, "there is a risk that power plants will simply keep running on gas," said Claudia Günther, head of research for Germany at the Aurora Energy Research think tank.
Despite having already scrapped three hydrogen projects, German utility Uniper SE is preparing to build a new fleet of "hydrogen-ready" gas plants.
Robert Habeck, Germany's economy and climate action minister, says his country has already scaled back its hydrogen plans.
Greece "sees" hydrogen after 2027
From 2027 onwards hydrogen will... The major energy players are setting a green course, but without much haste, as it is necessary to ensure the sustainability of their investments in the context of the green transition.
Helleniq Energy
Helleniq Energy is in the works to develop an electrolysis unit at the Group's refineries in Thessaloniki, aiming at the production of "green" hydrogen for the subsequent production of ammonia or methanol, with their main purpose being used as fuel on ships.
The group plans to create a photovoltaic park with a capacity of 200-300 MW in close proximity to the company's facilities, in order to provide "green" energy to the electrolysis plant estimated at a capacity of up to 100 MW.
TITAN
TITAN's H2CEM project will be subsidized with €60 million. It aims to produce green hydrogen through electrolysis using RES plants that will be installed in three of the company's plants.
The project foresees the installation and operation of green hydrogen production units through electrolysis for TITAN's cement plants in Greece (Kamari, Viotia, Drepano, Achaia and Efkarpia, Thessaloniki). The units, which will be powered by renewable electricity sources, will have a total capacity of at least 3.5 MW.
Motor Oil
Motor Oil's "Blue Med" program aims to create a low-emission energy hub in the Eastern Mediterranean that includes the production of green hydrogen through a 30 megawatt plant, CO2 capture, their transport and distribution, and ultimately their use in industry and transport.
"Blue Med" is being implemented as part of the IRIS project, set for completion in 2028, which will integrate several innovative industrial processes on a scale never before implemented in an independent refinery. IRIS will receive €127 million in funding. euros from the European Commission.
Theellenic Hydrogen
The "green" hydrogen unit of "Hellenic Hydrogen" (joint venture between PPC and Motor Oil) is expected to be put into operation in 2027 in Western Macedonia, in an area of the steam power station in Amyndeon.
The investment will bring a benefit of EUR 100 million to the local economy. annually (through the improvement of the import-export balance, the reduction of carbon dioxide emissions and taxation and taking into account multipliers) creating the conditions for the creation of 40-50 direct and about 500 indirect jobs in the region.
Advent
Advevt's promising investment (the company with a presence on the Nasdaq has specialized in high-performance fuel cell technology) concerning a green hydrogen production plant in Kozani is progressing slowly. The Green HiPo project includes the development, design and manufacture of HT-PEM fuel cells and state-of-the-art electrolyzers for the production of electricity and green hydrogen, respectively.
The company, which will initially be subsidized with €24 million. Although it received an official invitation from the Greek Ministry of Finance in February to submit the necessary supporting documents, it has not shown much zeal to run the procedures.
DESFA
DESFA, within the borders, has in the works the project, with a budget of €1 billion. and a timetable for completion by 2030, "Dedicated H2 Backbone" for the construction of a new 540 km pipeline. exclusively for the transport of clean hydrogen. The pipeline is expected to start from the southern part of Greece and reach the interconnection point of the NNGS with Bulgaria, where it will be connected to the exclusive hydrogen pipeline of Bulgartransgaz, providing the possibility for hydrogen imports and exports to and from Bulgaria.
The new pipeline lays the foundations of the new energy era, in light of the green transition, allowing the construction of a national hydrogen transport system, as it can be connected to the pipeline to Western Macedonia and the interconnector between Greece and North Macedonia.
At the same time, DESFA is preparing technical feasibility studies regarding the mega project of the "green" hydrogen pipeline between Greece and Bulgaria.
Prime example of current times. The world needs more 24/7 power while reducing emissions.
https://dailyenergyinsider.com/featured/43793-nerc-makes-recommendations-for-proactively-meeting-power-challenges-this-summer/
Ok I get it. That is much easier.
Easiest method of calculating revenue from generation is just to calculate about $1M per Megawatt for the year, in this case $63M (obviously 1/4) or $15-$16M with a little variation depending on efficiency and down time (replacements or problems)
At time stamp 15:00-15:20 of Q1 audio report on FCEL website it is stated that the full revenue from DerbyX2 will be credited in Q2. I am still not clear re Toyota. So we definitely will get income from DerbyX2 that was not in Q1.
I am pretty sure that although Toyota and Derby X 2 show a start date of (late) Q1 any Income will not show up until Q2 report. It was in the audio of the Q1 report. Makes sense now why recent news that
"FuelCell Energy and Toyota Motor North America Celebrate Launch of World's First "Tri-gen" Production System at the Port of Long Beach"
And the April 29th report of Derby financing well after Q1. Few is saying we are alive.
If none of the three projects ( Derby, Derby and Toyota made it into the Q1 earnings then 19.1 MW added income in Q2 is going to be an eye opener. In my non professional humble opinion. If I am wrong please correct.
Unfortunately, I'm not aware of any current investment. Hence $0 Q1 assets vs $100+M Q1 2023. I'm really banking on South Korea and hoping for a positive update during Q2 call.
You would think we would be at EPS by at least $.01 based on likely $5M more revenue if we at least match Adv tech rev. Not sure if there may have been greater or lesser cap ex. I know there was no late fees for anything and cheaper revenue through generation. They are expanding and ramping up in Canada, and may be in CT in prep for MCFC needs.
The one thing I feel confident of is that the more recurring revenue the more stable we are because we are generating income with "sunk" costs (not counting any repairs or maintenance). And with all the new hiring we did the work force should become more efficient with time. Since we are mandated to have (over 600 employees) the answer is to grow to need over that amount with more contracts for our platforms. We made (0.05) two qtr. Don't see how we do not beat that.
Wow! 30mil/quarter. That is a steep hill to climb. We need to hear from Korea. We get some from Exxon each qtr (2.5), I think one replacement module 3rd quarter, Any chance of anything from DOE like Plug?
Have you ever read any of the PPA's?.
I am curious about the REC that should be available with Sacramento, but if this is the first chance (or second if you count Toyota) to qualify, what would show up in the PPA? If I am right someone gets the REC which carries value for every 1 MW hour produced.
The moneys we have in investments I keep forgetting the amounts. Will have to review Q1 report. A lot to review. And if we sold shares we should have more cash?
Last 11 Q Adv Tech Rev average is $4.75M with low of $3.7M. 2nd low was $4.1M, then $4.3. Safe estimate would be $4.3M. $15M is conservative estimate for Generation, hoping we hit $16M. Not sure where any other revenue will come from so I'm thinking Very conservatively, $19.3M Revenue which would be a disappointment to say the least. But, I've been wrong far more often than right, and occasionally very wrong. That said we can hope Advanced Tech matches the high of $7.5M. So high end would be $23.5M without product or S&L revenue. Let's hope analysts are smart enough to figure similarly or lower. The good news is, we set the "Low watermark" and more revenue is definitely coming moving forward as S&L begins Q3 & grows in Q4! We actually had losses of $.8M & $1.1M In the S&L category based on losses with Toyota due to extensions before operational.
Cash 1/31/24 $297.5M vs $249.9M 1/31/23!
Restricted cash $5.96M vs $5.16M
Inventory $102.86M vs $84.45M
Other assets $13.15M vs $12.88M
Total assets declined $923.2M vs $955.5M
Based on $103.76M short term investments in 2023 vs 2024. Need to maintain available, unrestricted cash for balance sheet so can't have $ tied up in investment is my opinion. Burn has wide range of $20-$45M previously which should be improving with Toyota, Derby 1+2 operational and Groton now at full $7.4MW. SK would be HUUUGE right now and secure big cash flow until the company reaches profitability! C'mon $23M and loss of $.04 with cash burn under $25M. That would be a home run!!
13 business days to earnings if the 6th is correct. I'm going to look at 8 quarters averages for Advanced tech, and analysts estimates. I'm hoping there's some sort of revenue from sales and Adv tech is over $4M. We definitely beat the "low watermark, but I'm not confident by much. Although if the are even getting to 2023 revenue for the year, they need to average well over $30M per Q for the remainder of the year.
Looks like sellers are still cashing in. Whether its shorts or holders , both believe the stock is headed lower. Where's the buyers . Only ones I see are the same old bottom fishers thinking the stock is cheap. Then funnily it gets cheaper.
Deny that Longies!
The recent news of the biogas project for Sacramento Waste Water district made me wonder if it would qualify for REC's since it would run off of 100% biogas as reported in this newswire?
"The system runs directly on on-site biogas from the wastewater treatment process, without costly upgrading to pipeline quality gas, or the costly pipeline build out to connect that gas to a common carrier pipeline to produce clean power."
Sacramento Wastewater Biofuel Clean Energy Project
DANBURY, Conn., April 11, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL)
Looks like a Friday afternoon short effort is under way across the boards. Same time same dips co-inky-dinks.
Now you're facing the facts. Guess work rarely is right.
$.50 getting more likely .
The hammer is doing it again.
You call it a "recent attack on shares". Now King Shames have you not been paying attention. This selling has been going on for 3 years; nothing new.
And there's been no "attack".Its all been an adjustment towhat the market sees the value of the companY is.
Besides right now the value is below zero; thus its currently OVERVALUED.
C'mon; Open your eyes.
Well done igotno ! You've shredded the illogic of it perfectly.
Mistake listening to the pushers.
"And judging by the 21% short value it seems many are not appreciating that share price in the secondary market is not always an indicator of the underlying performance of the company."
been hearing that since 20 bucks a share...after so many years and a pps now of 82 cents, maybe its time to realize that the underlying performance of the stock sucks...THATS why the pps is 82 cents!...
maybe things could get better...maybe Few will suddenly become competent...but until there is evidence suggesting that there is a reversal occurring, there is no reason to go long on this company....it is to be traded only...
"Work in progress, cash on hand, patent value, plant, equipment etc do not change value with the stock price."
if you dont make enough money to cover your expenses, that means you are losing money...fcel has been losing money for a very long time...if you have had enough time and cant get your company to profitability, thats a huge red flag...
"Work in progress"
apparently there isnt enough work in progress...
"cash on hand"
borrowed money or money created from dilution is not impressive...cash on hand from profits is what investors want to see...money as a result of beg, borrowing or stealing from investors is not....
"patent value"
fcel shares all patents with Exxon...thus, they are not worth as much as you think...
"plant, equipment"
plant, equipment, coffee pots and the ceo's shoes are good when liquidating...otherwise, they are just what you need to stay in business...
"I am not saying stock price is something you don't have to reckon with but with regard to FCEL it is presently out of perspective."
the stock price is what it is...82 cents for a share of fcel is what the price is...saying it isnt fair or it should be higher is meaningless...
"A scare tactic."
admitting you are frightened at the sight of the pps is healthy...because you should be...
" look at the progress made in the last 3-4 yrs."
that "progress" has taken the pps from the $20's to 82 cents...is that supposed to impress?...
"One domino is all it takes!"
and when you make a house of cards, all it takes is one card to bring it all down...
I loosened my grip on 500 shares of Ballard last week, but couldn't start buying until this week, but collected over 1700 new shares here, to add to my total. Crazy rule that the money from the sale has to clear first. Always handy to already have some ready cash in the account waiting, which I didn't have.
I look at the recent attack on share price as part of a strategy to suppress the stock generally. Maybe it allows time for more institutional buyers or more longs to jump in.
And judging by the 21% short value it seems many are not appreciating that share price in the secondary market is not always an indicator of the underlying performance of the company. In other words generation revenue doesn't rise or fall with the daily or monthly stock price. Work in progress, cash on hand, patent value, plant, equipment etc do not change value with the stock price. I am not saying stock price is something you don't have to reckon with but with regard to FCEL it is presently out of perspective. A scare tactic.
I may be wrong but this "dead horse" has been beat up by critics so many times there is a certain amount of complacency with regard to changing the narrative. Like you said, look at the progress made in the last 3-4 yrs. Your summaries are a testimony to that. One domino is all it takes!
Realistic in all expectations and I agree with hoping to get it right. Few is always measured in his choice of words. Low water was pretty clear but of course that doesn't say how much higher the water mark will go.
I may be too optimistic but we did get an extra day of generation across all modules due to leap year. If expenses have been curtailed, bottom line on Operations will improve. Sometimes three weeks can feel like an eternity.
PS I believe there's actually a possibility they may be confident enough to make a statement regarding the non-compliance with NASDAQ guidelines, something to the effect of we expect to regain compliance after our Q2 earnings and conference call. That would make a powerful statement and would likely get back over a dollar before the conference call
Really hoping I'm correct about earnings, I've been convinced before about certain revenue and ended up being wrong on more than one occasion. The only specific revenue I'm banking on this time is the generation revenue. On the rest we can go by averages. Per last business update during Q1 call there are no module replacements scheduled until Q3. Which means the full generation portfolio should be there, and Q3 should be similar although there is one small replacement which means a little bit of downtime on the module being replaced but that revenue is made up in service! Q2+Q3 generation should average over $15M. Then we will get a basis after Q3 of approximately how much we can expect from generation moving forward. Q4 we have more service scheduled, hence more downtime but a higher amount of money from service. So although generation may slip at times quarter to quarter, We will pick up more than what we lost from that in service. You would have to look back about eight quarters to get a real average on Advanced technologies. Sales will be based on a variety of things I'm not sure of how they account for. I don't know if the complete sale is counted after a project goes fully operational, or an increments. Might be a good question for the conference call. I believe over the next eight quarters, Advanced technologies will have a slight uptick in average revenue based on the new contract with ExxonMobil, which also has a variable. $10M minimum per year. So we can est at least $2.5M per Q average from Exxon alone. But I am relatively confident there's other revenue in the advanced technologies category, possibly another question for the conference call.
https://s21.q4cdn.com/256256048/files/doc_financials/2024/q1/FCEL-Q1-2024-Financial-Results-Presentation-FINAL-1.pdf
Service schedule is in the link above. And anyone reading all of that information has to be optimistic. How could anyone possibly read that business update, and have a vastly improved Q2, and not be extremely optimistic. So obviously we are hinging on Q2 validating the low watermark comment in Q1.
Less than three weeks until Q2 report. Watch out shorts! Revenue beat and possible more good news. They had better be careful with that domino!
FuelCell Energy, Inc. (NASDAQ: FCEL) is an integrated fuel cell company that designs, manufactures, installs, operates and services stationary fuel cell power plants.
As a leading global fuel cell company, we provide ultra-clean, efficient and reliable baseload distributed generation for electric utilities, commercial and industrial companies, universities, municipalities, government entities and other customers around the world.
Direct FuelCell® (DFC®) power plants manufactured by FuelCell Energy can utilize a variety of fuels including renewable biogas from wastewater treatment and food processing, as well as clean natural gas, directed biogas and propane.
Our DFC power plants produce power electrochemically — without burning fuels — making them clean, quiet and environmentally responsible alternatives to combustion-based generation.
Our power plants have generated more than 1.5 billion kilowatt hours of ultra-clean electricity, equivalent to powering more than 135,000 average-size U.S. homes for one year.
FuelCell Energy’s world headquarters are located in Danbury, Connecticut, in the USA. Our global markets are served from a state-of-the-art production facility in nearby Torrington, Connecticut.
Our customers in Europe are served by German-based FuelCell Energy Solutions, GmbH, a majority owned joint venture with sales and service located in Dresden, Germany and manufacturing in Ottobrunn, Germany, which is near Munich.
Customers in Asia are served by our partner POSCO Energy from manufacturing facilities located in Pohang, South Korea.
FuelCell Energy offers a comprehensive portfolio of services for fuel cell power plants. Specially trained technicians and engineers remotely operate and maintain virtually our entire installed base of Direct FuelCell power plants globally, 24 hours per day, 365 days per year from the state-of-the-art Global Technical Assistance Center located at our Danbury, Connecticut headquarters. Field service technicians directly employed by FuelCell Energy service the power plants on-site.
FuelCell Energy scientists are actively researching unique applications for our versatile DFC technology including hydrogen generation and carbon capture. In addition, we are pursuing research with solid oxide fuel cells as well ashydrogen compression and storage.
FuelCell Energy’s international reputation for leadership in ultra-clean energy solutions has been built on a long history of innovative research and development that reflects the successes of our highly talented and creative workforce. We are the first fuel cell manufacturer to commercialize megawatt-class stationary fuel cell power plants and we believe that we are the first stationary fuel cell manufacturer to generate a quarterly gross profit.
FuelCell Energy traces its roots back to 1969 and the founding of Energy Research Corporation (ERC) by early fuel cell pioneers Bernard Baker and Martin Klein, both chemical engineers with expertise in advanced battery technologies.
In the 1970′s, with funding from the U.S. military and utility companies, the Company conducted extensive research into low-temperature fuel cells as well as silver-zinc battery cells. In the 1980′s and 1990′s the Company switched its focus to high-temperature carbonate fuel cell systems which offered greater commercial applications due to the ability to internally reform readily available fuels such as natural gas and renewable biogas within the fuel cell itself to provide the hydrogen for the power generation process.
Our first commercial power plant was installed in 2003 using a 250 kilowatt (kW) fuel cell stack. Through technology enhancements and cost reductions, we have increased the power output of the stacks by 40 percent to 350 kW and reduced product costs by more than 60 percent. Today we are installing multi-megawatt fuel cell plants and fuel cell parks globally.
The production facility in Torrington, Connecticut, USA was completed in 2001 and produced [2] megawatts (MW) of product the first year. As of the end of fiscal year 2012, the plant was producing at an annual run-rate of 56 MW. The total annual capacity of the facility is 90 MW.
FuelCell Energy began expanding globally in 2007 through its partnership with POSCO Energy , targeting markets in Southeast Asia, particularly South Korea. A European manufacturing, sales and service presence was established in 2012, with German-based FuelCell Energy Solutions, GmbH.
1969 | Company founded as Energy Research Corporation (ERC) |
1992 | 120 kilowatt fuel cell stack demonstrated |
1992 | Initial Public Offering (IPO) |
1996 | 2 megawatt demonstration plant installed in Santa Clara, California |
1999 | Company focuses on carbonate fuel cells, is renamed FuelCell Energy, Inc. & spins off battery division, Evercel |
2003 | First commercial installation of a Direct FuelCell® power plant |
2003 | Annual production of approximately 3 megawatts |
2007 | POSCO Energy partnership begins – global expansion commences |
2007 | Annual production of approximately 11 megawatts |
2009 | Production of 350 kilowatt stack commences |
2011 | Power output milestone reached with one billion kWh of ultra clean electricity produced since 2003 |
2011 | 11 megawatt fuel cell park commences operations in South Korea |
2011 | Annual production of approximately 46 megawatts |
2012 | European presence established with FuelCell Energy Solutions, GmbH |
2012 | Asian manufacturing strategy implemented through license agreement with POSCO Energy |
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