|Bid||8.46 x 800|
|Ask||8.47 x 800|
|Day's Range||8.23 - 8.73|
|52 Week Range||2.44 - 16.63|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 06, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||11.06|
The Santa Clara city ordinance passed last summer that effectively banned Bloom Energy’s natural gas-powered fuel cells as an electricity source was struck down Friday by the Santa Clara County Superior Court. Bloom’s stock, which had been hammered repeatedly since its IPO in July 2018 for failure to achieve profitability promised by CEO KR Sridhar, closed at $9.71 on the New York Stock Exchange, up 4.6 percent from the previous day’s close. “Officials in the City of Santa Clara made the inaccurate claim that their policy was good for the environment and would contribute to reduced emissions — ignoring the views of environmental experts on the policy’s potential environmental harm and the needs of the community for clean, resilient power sources,” Josh Richman, Bloom’s vice president of business development and policy, stated in a press release.
Bloom Energy today announced the result of a defining legal victory before the Superior Court of California, which overturned a resolution by the City of Santa Clara that would ban future installations of Bloom Energy’s fuel cells. The court found that Santa Clara violated the California Environmental Quality Act (CEQA), which requires that an impact study be conducted so the public is aware of any issues to the environment or health of its citizens prior to implementing such a resolution. By failing to do this, the City of Santa Clara not only broke the law, but attempted to implement policy that could do more harm to the environment.
FuelCell Energy (NASDAQ:FCEL) often gets compared to Plug Power (NASDAQ:PLUG). Although FCEL stock has also had some momentum recently, it's a tenuous comparison.Source: Kaca Skokanova/Shutterstock Both companies ostensibly are "fuel cell" plays, yet their operating models are completely different. After all, Plug Power uses fuel cell technology to power forklifts and other electric vehicles. FuelCell Energy, however, is in the power generation business. Its model sits much closer to Bloom Energy (NYSE:BE) than to Plug Power.That said, from a financial standpoint, the grouping of FCEL and PLUG -- not to mention Bloom Energy and Ballard Power Systems (NASDAQ:BLDP) -- does make some sense. Fuel cell stocks as a whole have been notorious destroyers of investor capital.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBoth PLUG stock and FCEL stock have lost more than 99% of their value from past peaks. FuelCell Energy stock, in fact, is down nearly 99% just in the last five years.The entire sector has just a handful of profitable quarters -- and not a single full year of positive earnings. Fuel cell stocks have always been tantalizing, and seemingly always just a year or two away from finally fulfilling their promise. Disappointment, without exception, has followed. * 10 Cheap Stocks to Buy Under $10 But Plug Power has managed to execute an intriguing turnaround of late, with its shares up 173% over the past year. FCEL stock has seen similar optimism, with shares gaining a stunning 1,500% from a Jun. 26 intraday low.Even with those gains, however, its turnaround is in the earlier stages -- which means it might be the next fuel cell stock to soar, or once again the next to disappoint. The Case for FCEL StockThe gains of late aren't quite as impressive as they seem. The June lows came just before FuelCell itself warned of a possible bankruptcy filing. Shares, somewhat incredibly given the fierce rally of late, still are down 68% over the past year.But FuelCell has delivered reason for optimism. Much of the rally has come since November. Early that month, the company announced a 2-year carbon capture agreement with Exxon Mobil (NYSE:XOM). The same day, the company released details of a $200 million credit facility. Shares doubled on the two pieces of news and would rise a whopping 230% in just seven trading sessions.The next catalyst came just before Christmas. A long-delayed project with Edison International (NYSE:EIX) subsidiary Southern California Edison finally came online. The opening with a 2.8-megawatt facility in Tulare, California came with a 20-year power purchase agreement.As a result, a company that looked like it wasn't going to make it through 2019 without restructuring had an improved balance sheet and a large, legitimate project that would provide revenue for some two decades. The addition of respected partners in Edison and Exxon Mobil boosted the long-term case as well. FuelCell Energy stock again soared.This simply looks like a different, better company than it did six months ago. Bulls might even argue that it looks like a better company than it did a year ago -- when FCEL stock traded near $7 (adjusted for a 1-for-12 reverse split in May). \Even considering substantial dilution from warrants issued in the loan facility, that argument still suggests that shares have a continued rally ahead from the current price just above $2. The RisksIt's in that context that the rally in PLUG stock is perhaps more material than it might seem. The skeptical answer to any rally in pretty much any fuel cell stock is simple: we've been here before. Yes, there's some good news, but there's been good news plenty of times in the past. Investors have always ended up disappointed, and this time won't be any different.But those skeptics would have missed out on the rally in Plug Power stock. And that rally thus likely changes the narrative surrounding FuelCell Energy at the moment. Even though the operating models of the two companies are different, investors may not want to miss out on the "next" big winner in the space, and they may have more willingness to take on the industry's risk than they would have otherwise. The Bottom Line on FCEL StockThat said, history isn't the only risk. FuelCell Energy has a long, long way to go. Long-term adoption of fuel cell technology is far from guaranteed. Battery technology from the likes of Tesla (NASDAQ:TSLA) may better represent the future of "clean" energy.Meanwhile, short-term price movements don't completely negate that history. FuelCell Energy has been around since 1969. The company went public in 1992. It's certainly fair to wonder if there simply is a structural problem with the industry and the business model that suggests long-term profitability isn't on the way. Again, the company has been around for more than 50 years and still is burning cash.That history, as well as the intense competition in the renewable energy space more broadly, is enough to keep me personally on the sidelines. But the market may well see it differently, and at the very least FuelCell Energy has a chance to prove that this time indeed is different. That's more than the company could say just six months ago, and the key reason why FCEL stock has soared.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The Top 5 Dow Jones Stocks to Buy for 2020 * 7 Fintech ETFs to Buy Now for Fabulous Financial Exposure * 3 Tech Stocks to Play Ahead of Earnings The post FCEL Stock Very Well May Be the Next Renewable Stock to Soar appeared first on InvestorPlace.
Dick's Sporting Goods, Canada Goose, JinkoSolar, Sunrun and Bloom Energy highlighted as Zacks Bull and Bear of the Day
Stop & Shop announced today that it will power 40 of its stores in Massachusetts and New York with Bloom Energy Servers. The Servers will provide clean, reliable, 24/7 electricity in an AlwaysON Microgrid configuration that will continue to power each store in the event of a grid power outage.
Factors like lower cost of electricity generation from renewables, tax credits, preferential feed-in tariffs and increased adoption of renewable portfolio standards boost the adoption of clean energy.
(Bloomberg Opinion) -- The American companies most reliant on embracing green technology are outperforming every broad measure of the stock market, delivering a greater return last year than all but two (Russia and Greece) of the world’s 94 leading equity indexes.These are the 92 publicly traded firms with at least 10% of their revenues derived from clean energy, energy efficiency or clean technology, according to data compiled by Bloomberg New Energy Finance. They're proving that the threat of climate change is also an investor's opportunity.Not since 2013 has there been a year when the S&P 500 Index and Russell 3000 gained 31%. Yet this exceptional result didn’t come close to the performance of the clean companies, with their combined total return (income plus appreciation) of 40%. Together they were worth $946 billion last year, more than triple their market capitalization at the end of 2010. Whether the investment period is 2, 5 or 10 years, the return is superior by margins of 12%, 37% and 112% for clean companies.The three biggest companies in this group by market capitalization all derived more than half their revenue from the clean-energy business. They are Nextera Energy Inc., the Juno Beach, Florida operator of commercial nuclear power units and provider of electricity through wind, solar and natural gas; Tesla Inc., the Palo Alto-based manufacturer of battery-powered, electric vehicles; and Universal Display Corp., the Ewing, New Jersey-based maker of organic light-emitting diode technology, according to data compiled by Bloomberg.Utilities, energy and technology are the most prominent industries among the 92 companies meeting the BNEF criteria. The 19 energy firms in the group produced a 106% total return, 15 times the 7% gain by the overall energy-stock benchmark, the Russell 3000 energy sector. The nine technology companies among the 92 returned 70% when the Russell 3000 technology sector appreciated 46%, and the 16 BNEF-designated utilities earned 34% when the comparable Russell group advanced 26%, according to data compiled by Bloomberg.Even U.S.-imposed tariffs on products from China, which manufactures a lot of clean-energy equipment, haven’t crimped the performance of the U.S. companies. Enphase Energy Inc., for example, moved its production to Mexico from China and the Petaluma, California-based maker of renewable energy equipment rallied 452% last year on revenue growth of 96%. Analyst estimates compiled by Bloomberg predict that Enphase sales will increase 26% and 27% annually through 2021.By contrast, revenues for the 28 companies in the S&P Energy Index, a mostly fossil-fuel crowd, declined 5% in 2019 and are forecast to grow 4% in each of the next two years.One investor who is bullish on clean companies happens to manage the most successful mutual fund in the U.S. last year, the Columbia Seligman Communication and Information Fund. The manager, Paul H. Wick, counted three of the cleaner companies among his winners: Advanced Energy Industries, Bloom Energy Corp. and Rambus Inc.Wick said that Bloom Energy, for example, reduced the cost of its products “on a continuous basis over the last four or five years” and “as a result will be cheaper than grid power in quite a few jurisdictions, states in the U.S. and overseas.” His fund returned 54% (income plus appreciation) in 2019 and Bloom Energy rallied 144% in the final two months of the year after Wick acquired its shares.Among the BNEF technology firms, Universal Display Corp., the New Jersey provider of power-saving lighting products, appreciated 121% as sales climbed 64% last year amid forecasts for 23% and 25% growth in 2020 and 2021. That's a superior outlook compared to the 70 tech companies in the S&P 500 Information Technology Index, which saw sales increase 10% in 2019 with 10% projected for 2020 and 8% for 2021, according to analysts’ estimates.Renewable-energy utilities are similarly positioned for growth. Pattern Energy Group rallied 54% last year after the Canada Pension Plan Board agreed to acquire the San Francisco-based renewable power generation firm for $2.6 billion. Revenues increased 10% last year and are expected to rise 11% in 2020 and 3% in 2021, according to analyst estimates compiled by Bloomberg. The 28 companies in the S&P 500 Utility Index reported inferior sales growth of 6% last year and are likely to see only 3% in 2020 and 2% in 2021, according to the estimates.Why would such staid pension stewards in Canada, where coal, gas and oil account for 77% of the nation's energy needs, embrace alternative energy? Because there is no additional investment risk. The average volatility, or price fluctuations, of the 92 clean-energy companies compared to everything in the Russell 3000 is about the same, according to data compiled by Bloomberg.The healthiest investment is turning out to be among the most lucrative.\--With assistance from Shin Pei and Tom Lagerman.To contact the author of this story: Matthew A. Winkler at firstname.lastname@example.orgTo contact the editor responsible for this story: Jonathan Landman at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Matthew A. Winkler is Co-founder of Bloomberg News (1990) and Editor-in-Chief Emeritus; Bloomberg Opinion Columnist since 2015; Co-founder of Bloomberg Business Journalism Diversity Program in 2017. During his 25 years as Editor-in-Chief, Bloomberg News was a three-time finalist and winner of the Pulitzer Prize for Explanatory Reporting and received numerous George Polk, Gerald Loeb, Overseas Press Club and Society of Professional Journalists and Editors (Sabew) awards.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
FuelCell Energy (FCEL) is set to report fiscal Q4 results. Earnings are likely to have gained from restructuring strategies & investment from other firms to continue fuel cell technology expansion.
Bloom Energy announced today a new Quick-Deploy Microgrid Program to help customers prepare for future wildfire seasons with permanent AlwaysON Microgrids for their facilities. This program will enable customers to deploy a resilient microgrid infrastructure prior to the anticipated start of the 2020 wildfire season as well as receive clean electricity at a predictable cost to mitigate the impact of utility rate increases.
(Bloomberg Opinion) -- Technology ruled the best stock market in six years as investors focused on five giant companies that also dominated the decade in equity. Apple Inc., Microsoft Inc., Facebook Inc., Alphabet Inc. and Amazon.com Inc. accounted for more than a fifth of the 31.49% total 2019 return for the S&P 500, according to data compiled by Bloomberg.An investor who placed big bets on that Big Five last year would have done very nicely. But the best stock picker of 2019 took a more nuanced approach. He is Paul H. Wick, manager of the Columbia Seligman Communications and Information Fund since 1990, and his success owed the most to investments in less-heralded semiconductor makers and more than a handful of firms committed to energy without fossil fuel. His choices and timely trading enabled the 56-year-old Menlo Park, California money manager to produce a 54% total return (income plus appreciation), according to data compiled by Bloomberg.That's at least 2 percentage points better than the closest competitor among the comparable 226 U.S.-based equity mutual funds with a minimum value of $5 billion and at least three years of history investing 60% of their assets in the U.S. The average return for these funds was 29% while the S&P North American Technology Index, the benchmark for Wick's portfolio, gained 43%. Wick achieved a superior return by increasing his weighting of semiconductor and software company stocks more than the benchmark, according to data compiled by Bloomberg.“If you want to beat the indexes, you can't look like the indexes,” Wick said in a telephone interview this week. “That's been a conscious decision of mine over the 30 years running the fund. The other thing is, outsized returns come from companies that get acquired, so we made a conscious decision over the years that the mid-cap area was a great place to be because they tend to be faster-growing” and “less-efficiently valued'' companies with insufficient analyst coverage.He also broadened his holding of companies that generate at least 10% of their revenues from clean energy, energy efficiency or clean technology. These include Advanced Energy Industries, the Fort Collins, Colorado-based manufacturer of power conversion products; Infineon Technologies AG of Neubiberg, Germany, a maker of semiconductors and microcontrollers; Bloom Energy Corp., the San Jose, California maker of power generation equipment, and Rambus Inc., the Sunnyvale, California developer of high-speed chip-to-chip interface technology, according to data compiled by Bloomberg.“Certainly the carbon footprint of fuel cells is meaningfully lower than it is for oil and coal,” said Wick. “If we really do have a climate-change issue and power reliability becomes more problematic, especially in places like California, India and Australia, Bloom Energy is a great solution because Bloom has cost-reduced its product line on a continuous basis over the last four or five years. They will be cheaper than grid power in the U.S. and overseas.”Wick's collection of e-commerce firms catering to the retail market excluded perennial market favorites Amazon, Alibaba, JD.com and Ebay Inc. He instead added the payment-software shares of Global Payments Inc., Fidelity National Information Services Inc. and Fiserv Inc. He also acquired Internet security firm ForeScout Technologies Inc.His biggest winners were Lam Research Corp. and Teradyne Inc., each of which produced the same impressive total return of 119%, more than twice as strong as the benchmark for the semiconductor industry last year. At the same time, Intel Corp., which gained 31% in 2019, represented only 0.2 percentage points of his fund, compared to the 3.03 percentage-point weighting in the benchmark. Such idiosyncratic selections — his Lam holding was more than 18 times the comparable weighting in the benchmark and his Teradyne investment was 30 times the benchmark's holding — enabled Wick to outperform the S&P North American Technology Index by 13%, according to data compiled by Bloomberg.The fund seemed to identify more profitable, undervalued companies that invested more money in research and development compared to the benchmark. The average price-to-earnings ratio of the stocks in Columbia Seligman Communications and Information Fund is 19 times, compared to 24 times for the benchmark. Wick's companies spend 16% of their revenue on R&D against 13% for the benchmark.“One of the things we look for is companies that have a lot of intellectual property,'' Wick said. “The way we maintain intellectual property is to spend money on developing new products and strengthening your existing ones because we've learned that strong intellectual property is the key thing for enduring profitability within the technology sector.”All of which suggests a recurring benefit. Not only did the fund outperform its peers in 2019, it ranks at the top of comparable mutual funds for total return over 1, 2 and 5 years as well.\--With assistance from Shin Pei, Cara Slear and Chase Lynch.To contact the author of this story: Matthew A. Winkler at firstname.lastname@example.orgTo contact the editor responsible for this story: Jonathan Landman at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Matthew A. Winkler is Co-founder of Bloomberg News (1990) and Editor-in-Chief Emeritus; Bloomberg Opinion Columnist since 2015; Co-founder of Bloomberg Business Journalism Diversity Program in 2017. During his 25 years as Editor-in-Chief, Bloomberg News was a three-time finalist and winner of the Pulitzer Prize for Explanatory Reporting and received numerous George Polk, Gerald Loeb, Overseas Press Club and Society of Professional Journalists and Editors (Sabew) awards.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
NEW YORK, NY / ACCESSWIRE / January 3, 2020 / Levi & Korsinsky, LLP filed an amended complaint against Bloom Energy Corporation ("Bloom Energy") (NYSE:BE) and its officers, directors, and underwriters ...
Hagens Berman urges Bloom Energy Corporation (BE) investors of today’s deadline to move for lead plaintiff in a securities fraud class action pending against the Company and urges Bloom Energy investors who have suffered losses to contact the firm immediately.
SAN FRANCISCO , CA / ACCESSWIRE / January 2, 2020 / Hagens Berman urges Bloom Energy Corporation (NYSE:BE) investors who have suffered significant losses to submit their losses now to learn if they qualify ...
SAN FRANCISCO, CA / ACCESSWIRE / December 31, 2019 / Hagens Berman urges Bloom Energy Corporation (NYSE:BE) investors who have suffered significant losses to submit their losses now to learn if they qualify ...
SAN FRANCISCO, CA / ACCESSWIRE / December 30, 2019 / Hagens Berman urges Bloom Energy Corporation (NYSE:BE) investors who have suffered significant losses to submit their losses now to learn if they qualify ...
Hagens Berman urges Bloom Energy Corporation (BE) investors who have suffered significant losses to submit their losses now to learn if they qualify to recover their investment losses. Only five days remain until the January 3, 2020 lead plaintiff deadline in a securities fraud class action that has been filed against the company and senior executives.
SAN FRANCISCO, CA / ACCESSWIRE / December 27, 2019 / Hagens Berman urges Bloom Energy Corporation (NYSE:BE) investors who have suffered significant losses to submit their losses now to learn if they qualify ...
New York, New York--(Newsfile Corp. - December 26, 2019) - Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Bloom Energy Corporation (NYSE: BE) ("Bloom" or the "Company") of the January 3, 2020 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.Faruqi & Faruqi logoIf you invested in Bloom stock or options pursuant and/or traceable to the ...