After being on this board for years, being long this stock for years, and listening to every conference call for many years, I draw this conclusion.
Too much of what CEO (Chip) talked about in this call is potential and possibiities. FCEL is in "talks" with a lot of people about their services. 99% of what he talked about is not inked on paper and is 2013 and beyond.
To have a quarterly call that was all possiblities was real empty sounding this time around.
Talk is cheap and you have to admit...FCEL is all talk as of TODAY. I will gladly eat crow if they have some announcements between now and September.
The word 'backlog' makes me want to puke.
I think that estimate is based just off of the general trends of expected growth in US+Europe, POSCO order commitments, and cost-reduction efforts. In reality, a new large contract with a short timescale (e.g. the Seoul City project) would quickly accelerate revenues and production to profitable levels. Also, from the CC transcript, this is the first time I've heard them mention any interest from Japan...seems like a natural market.
I would say hold until the next contract is announced, hopefully sometime this summer.
If I didn't believe long term, I wouldn't waste my time. However, everybody on this board is losing their mind and seeing what they want to see. By the way, I think Chip said profitability wouldn't occur until late 2013, or early 2014. Many on this board were hoping by 4th quarter of 2012, or beginning of 2013. Nope.
The trend is "get'em next quarter fellas", and its been that way forever.
My fear was under 1.00 and eventual delisting and then who knows. Not worth it to find out. It was over a 2.00 stock when I bought it and has been disgusting ever since as the owners reward themselves at shareowner expense. Last post. Good Luck to those who still believe.
that's right: $4-5, because if stationary fuel cells just start to catch on, this company will be at the front and will jump on three counts:
the profit of the new area;
So far, stationary fuel cells have not yet caught on. A few good sales, widely spaced geographically, would do it.