Agreed! I did not interpret it as bravado or CEO-BS-talk but instead I took it as confidence that there are many things currently cooking which can not yet be officially disclosed.
Yeah, Motley Fool needs to read Bloomberg article.
In a way the video/article from MF is awesome because they basically say that the only reason that FCEL/Ballard are not awesome is because they need platinum/palladium -- and if somehow they did not need these expensive metals then it would be 'game on'. Of course MCFC does not need these -- so what they are saying (without knowing it) is that FCEL wins hands down!
I hope someone wrote 'Fuel Cell' on the teleprompter.
"Expensive and range threatened pure electric vehicles have failed to meet sales targets, and over-ambitions global projections will have to be scaled back, investment bank Morgan Stanley MS +0.26% said in a report.
Traditional internal combustion engines will take up the slack for a while yet, while fuel cell powered vehicles will come more into favor, the report said."
Good find Long.
Nat Gas is the new oil. Nat Gas = Hydrogen. Hydrogen = Fuel Cells. Fuel Cells = Clean energy for the world and also TheGreyCorner fat and happy.
"Among the three winners for liquid-fuel producing fuel cells, FuelCell Energy received $3.5 million to convert methane to methanol. FuelCell, which had its IPO in 1992, focuses on megawatt-sized fuel cells."
Look at Income Statement and Balance Sheet. This company burns $70 million per quarter. That is completely absurd for a company of this size. They burn $11 million per quarter on interest payments alone. So, each quarter $70 million out the window.
As for the balance sheet, since Q1 is finished, they have about $330 million in assets (I do not count phony 'Goodwill' and 'other assets') and $430 million debt.
OK, so not only are they under water by $100 million but they are burning money like there is no tomorrow. Something must give. A market cap of closer to $700 million seems way too high. Even if there was not such an outlandish cash burn every Q, I would put market cap around $300 million. Given the cash burn, I would put the market cap about $200 million as the true market value. This corresponds to about $1 per share fair market value.
What does the board think?
Seems like FCEL is not really selling the fuel cell on this deal. They are instead selling the electricity and heat. Sounds like an awesome situation to me! They are now becoming a private utility provider. What are the implications here? I see a lot about 'cap and trade' stuff coming from UC Irvine. Irvine seems to be the center of 'green'.
Is this just good news, or is this fantastic news ???
True that any sale is good. However, this sale is at UC Irvine. That is very significant because this is where Obama just spoke (that is not a political statement) and where so much innovation is taking place. In other words, the eyes of all government and industry are on UC Irvine. So, this is more about the sale of one system. IMO, this is a demonstration of what can/will potentially be done everywhere. TGC.
"Scientists from DOE’s Argonne, Sandia and Livermore labs, as well as UC Berkeley and the Lawrence Berkeley National Lab, traded remarks with representatives from industry and venture-capital firms, including Flextronics, INFINIUM, FuelCell Energy, Applied Materials, Inc., Alcoa, Inc. and Lockheed Martin. One topic of discussion was a proposal to create public-private partnerships to speed time-to-market for new technologies emerging from university and DOE labs."
GE said that fuel cells wouldn't work because of expensive platinum. Bloomberg article tells it like it is and says FCEL uses MCFC. What shall investors make of this? Sounds like a home run for FCEL.
Don't know about Costco. But I do know that CEO said 'Marquee names'. CEO would never say that unless contract negotiations were well under way. True.
Agreed that countries without dependable central grid can benefit. Similar to how they can use a wireless network without ever having fully wired telecom infrastructure. Word.
Everyone says, "hydrogen stations" don't exist. So far, nobody is seeing this as the next humongous opportunity. So far.
In the "Fortune" video, top Toyota man says that hydrogen stations will need to be trucked in FOR NOW. In the future, the hydrogen will be able to be produced ON SITE.
Connect the dots if you wish.
Public is starting to learn. Entire sector may be up every day for next five years!!!
Nah. Just put them all on ignore. Time, technology and truth are on our side. I'm having fun while I wait. Fuel Cell technology will be dominant for the rest of our lives. No big rush. Have fun!
Bloom seems slimy to me because of their government and JP Morgan ties. I don't like the fact that Collin Powell (aka Chief Complainer) is on the BOD. Why? Sounds like he has his hand out to get entry to government contracts. JP Morgan has history of weasly moves in energy field -- such as backing Edison in his public display of electrocuting animals like dogs and elephants, which was done erroneously show that AC power was unsafe for public use, as well as destroying wonderful Nikola Tesla's good name and fortune.
They seem slimy to me. In today's world, that probably means they will have the right contacts to launch a successful IPO and to disparage their competitors in the media like CNBC.
You claim that you will short after the next big news/pop. Your posts do not seem consistent with that strategy. You should be trying to pump price for the highest possible price - then short. I am starting to think 'disgruntled former employee'.
Wrong. You are deluding yourself when you think that finances are completely meaningless for pharmas and that they do not have comparable values in the market. This false belief holds up when times are good but not when a realistic market sets in. The falsehood of 'this is biotech so we will hit a home run and so finances don't matter' is great if the home run is hit. But otherwise, cold, realistic finances set in when lenders want their money back. They will not allow $70 million to be thrown away much longer.