|Bid||2.3900 x 42300|
|Ask||2.4000 x 38500|
|Day's Range||2.2700 - 2.4200|
|52 Week Range||0.1300 - 11.2800|
|Beta (5Y Monthly)||2.60|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jan 21, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.75|
This may be a strange question to ask of a renewable energy company. But analysts are asking it anyway. Is FuelCell Energy (NASDAQ:FCEL) sustainable? That is, has this maker of hydrogen fuel cells found a niche it can grow into, or are its recent successes a one-time thing? And after we answere these questions, what exactly are the longer-term implications for FCEL stock?Source: Kaca Skokanova/Shutterstock InvestorPlace.com contributor Josh Enomoto remains skeptical. He calls FCEL a "penny stock." He believes its 700% rise since November can't be maintained, especially since fuel cells require expensive materials like platinum to produce.FuelCell Energy had been in a long-term trading range at about 25 cents per share, but opened for trade Jan. 17 around $2.25 with a market cap of $443 million. The catalyst seems to have been a two-year, $60 million deal with Exxon Mobil (NYSE:XOM) involving carbon capture technology. The deal is nearly twice the company's annual revenue.InvestorPlace - Stock Market News, Stock Advice & Trading Tips A New Way to Look At FCEL Stock?The company has been loudly proclaiming that it's no longer a penny stock, according to Nasdaq, ahead of reporting earnings Jan. 22 for the quarter ending in October. * 7 5G Stocks to Connect Your Portfolio To While rival Plug Power (NASDAQ:PLUG) has been pushing fuel cells as a solution for forklifts and other factory vehicles, FuelCell Energy has been aiming at big contracts in the utility and energy space.Fuel cells make energy by combining hydrogen gas with oxygen. Water is the "waste" product. Fuel cells are also quiet, meaning utilities can place them in residential neighborhoods. But the chief source of hydrogen fuel has always been natural gas. Utilities have usually decided just burning the gas is cheaper.While the Plug Power story is easy to understand, if speculative, the FuelCell Energy story is all over the map.Are they offering a way to reduce the carbon footprint of big power plants, as ExxonMobil suggests? Is this a solution for treating wastewater with the biogas found on-site? Or is this a microgrid solution for electric utilities, as FuelCell's latest press release proclaims? Is it all three? Is it also a breath mint? Trust Utilities?FuelCell reported a backlog of $2.1 billion in its third-quarter report, but just $22.7 million in revenue. The backlog resulted in a press offensive, as FuelCell management sought the capital needed to fulfill its orders.The question remains whether the current momentum is sustainable. In theory, I buy all of it. I buy using biogas to produce hydrogen. I buy carbon capture at power plants. I have long supported microgrids as a better way to guarantee electric service.What I've been unable to buy, because of the track record, is the word of oil companies or utility companies that they're serious about climate change. Exxon Mobil, for instance, has been banging the drum on TV for collecting fuel from plants. They were saying the same thing 10 years ago and little has happened. * 10 Cheap Stocks to Buy Under $10 The same is true for utilities. Al Gore wrote about microgrids as the "Electranet" over a decade ago. But PG&E (NYSE:PCG), the most progressive of the big utilities in accepting solar and wind power never adapted this secondary technology. It kept its unitary system with long power lines in place, and went bankrupt when they, predictably, caused forest fires. The Bottom LineI wish I weren't writing this, but FuelCell Energy remains a speculation.The company isn't just offering a succession of press releases. It is trying to execute a long-term strategy that makes sense. But that strategy relies on very big partners staying the course, and utility companies being willing to change.That's the bet you're making when you buy FuelCell Energy stock today. It should be a slam dunk, but sadly it's not.Dana Blankenhorn is a financial and technology journalist. He is the author of the environmental thriller Bridget O'Flynn and the Bear, available at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing, he owned no shares in companies mentioned in this story. 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 Is FuelCell Energy's Business Truly Sustainable? appeared first on InvestorPlace.
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.
Earnings season looms next year at a key point for the market. U.S. stocks are at all-time highs, and need a strong batch of earnings reports to keep the momentum going.Source: Shutterstock That's particularly true for the three stocks featured in Friday's big stock charts. Technically, all three names have clear potential for big moves in the next few weeks. In each case, an important upcoming earnings report represents a catalyst. * 10 Cheap Stocks to Buy Under $10 To be sure, it's not 100% clear in which direction these stocks will head. But for investors willing to firmly pick a side, or traders looking for potential volatility, these big stock charts should be watched closely in the coming weeks.InvestorPlace - Stock Market News, Stock Advice & Trading Tips International Business Machines (IBM)Source: Provided by Finviz IBM (NYSE:IBM) is trying to rally ahead of its fourth quarter earnings report on Tuesday afternoon. But while the first of Friday's big stock charts suggests some cause for optimism, recent history suggests reason for caution: * Technically, IBM stock is at least set up for a rally. Shares have exited a narrowing wedge to the upside, and cleared near-term moving averages in the process. The 200-day moving average has provided resistance that IBM stock will need to move through, but a strong fourth quarter report could provide the required boost. * A strong report is necessary. IBM's acquisition of Red Hat closed in July, and was supposed to allow IBM to finally get back to growth. The company infamously went 22 consecutive quarters without generating year-over-year revenue growth, and returned to declines after breaking the streak in 2017. As a result, IBM stock has gained just 4.7% total over the past decade, while the S&P 500 has nearly tripled. * And so this is an important reason on multiple fronts. The 2020 outlook, which includes a full year of Red Hat, needs to be strong enough to inspire confidence. The chart both reflects and amplifies the fundamental importance of the quarter: trading in IBM stock next week seems likely to set its direction for some time to come. There's a path to challenge July highs around $150 with a beat, and a potential reversal to $125 if IBM disappoints once again. Abbott Laboratories (ABT)Source: Provided by Finviz Abbott Laboratories (NYSE:ABT) has posted much more impressive multi-year performance: shares in fact have more than doubled since late 2016. But resistance has been stiff of late, and Abbott Labs likely needs a strong fourth quarter report on Wednesday morning to break out: * ABT stock certainly is gearing up for another run, with strong performance in recent sessions on decent volume. An uptrend has held since early October and investors quickly bought a small, brief dip last week. For now, anyway, shares certainly are headed in the right direction. * Here, too, it likely takes a strong fourth quarter report for the stock to break out. Abbott will not only detail Q4 results next week, but will give guidance for 2020. Wall Street projects about 11% growth in earnings per share this year, a reasonably high bar to clear. It's too simplistic to argue that ABT will rise if guidance exceeds expectations and falls if it doesn't -- but it doesn't seem too far off. At the least, the second of our big stock charts suggests it will be exceedingly difficult to break out if Abbott can't deliver an above-consensus outlook. * Some help from the market would be useful as well. Abbott unquestionably is a wonderful company, recently increasing its dividend for the 48th consecutive year. But like most wonderful companies in this market, valuation is a question mark: the 24x forward multiple is historically high. If Abbott can deliver a big report next week, that multiple will be less of an issue. If it simply matches expectations, it will need investors to keep paying up for quality. FuelCell Energy (FCEL)Source: Provided by Finviz FuelCell Energy (NASDAQ:FCEL) has been one of the market's best stocks in the past seven months, gaining over 1,500% from late June lows. And the third of Friday's big stock charts suggests the rally could have another leg: * Technically, FCEL stock has established a classic flag formation, with the parabolic gain the "flagpole" and the sideways trading since the flag. Those patterns are continuation patterns, which often lead to another bounce higher after the stock consolidates. A recent "golden cross," in which the 50-day moving average moves above the 200-day, adds to the bullishness shown on the chart. * Click to Enlarge Source: Provided by Finviz That said, taking the broader view, the risks become apparent simply from the chart. Amazingly, FCEL stock is down 65.5% over the past year even after the enormous rally of late. It has declined 98.6% in the last five years. FuelCell Energy has delivered optimism before, but it's always disappointed. * And so FuelCell's fourth quarter report, also on Wednesday, looks exceedingly important. FCEL stock is trying to follow the path of fellow (if different) fuel cell play Plug Power (NASDAQ:PLUG), which has re-inspired investor confidence over the last year. A new agreement with Exxon Mobil (NYSE:XOM) and a game-changing loan agreement seem to have de-risked the story. If FuelCell Energy can deliver a positive quarter and a strong outlook next week, the rally can and should continue.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Stocks to Buy Under $10 * 5 Retail Stocks Placer.ai Thinks Can Win Big in 2020 * 6 Cheap Stocks to Buy Under $7 The post 3 Big Stock Charts for Friday: IBM, Abbott Labs, and FuelCell Energy appeared first on InvestorPlace.
If for nothing else than its dramatic valuation swing, FuelCell Energy (NASDAQ:FCEL) has suddenly become a hot commodity. Since the beginning of November, FCEL stock has jumped almost 700%, easily putting a smile on long embattled shareholders' faces. But does this alternative energy company have the goods to sustain its resurgence into 2020?Source: Shutterstock Typically, penny stocks - or investments damn close to being regarded as such - are speculative, high-risk gambles. Despite this obvious warning, FCEL stock carries an intriguing narrative. Unlike the fly-by-night nature of this category of the markets, FuelCell Energy features real science bolstering its products and services. Not only that, strong demand exists for clean, alternative energy.As people become more environmentally "woke," they're eager to explore technology-based solutions. Here, FuelCell offers distinct advantages. For example, fuel cells are more efficient than traditional fossil-fuel based energy sources. Additionally, they're better suited for urban use due to their quiet operation and cleaner emissions. With hydrogen-based fuel cells, the only emission is water.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMost relevant to current events is the fuel cell industry's ability to drive energy independence. De-levering society's addiction to petroleum-based products may help mitigate serious conflicts in the Middle East. And as Canadian Prime Minister Justin Trudeau would argue, such mitigation could save lives. * 7 Inflation-Beating REITs to Ground Your Income Portfolio Better yet for FCEL stock, the advantages aren't just limited to theory. Working on several domestic and international projects, FuelCell has demonstrated the viability of alternative energy solutions, particularly for space-constrained locales.Thus, the subterranean price point for FCEL stock could be an advantage. All it takes is for some good news to catalyze dramatic gains in the share price. But before you dive in, here are counterpoints to consider. FCEL Stock Is Interesting, but Is Still a GambleFirst, no matter how captivating the narrative is for FuelCell Energy, it's still a penny stock. Granted, it's a highly functional one with the potential for bigger and better things. But if you lose sight of the risks, FCEL can bite you in a hurry.In fact, at time of writing, FCEL stock dipped nearly 8%, seemingly on no real news. When shares are traded at such low levels, unexplained variability - the "just because" factor - is always lurking around the corner.Second, alternative energy science is all about compromises. For example, electric vehicles are much more efficient than their gasoline-powered counterparts. However, EVs take a comparatively inordinate amount of time to "refuel."Regarding fuel cells, the underlying technology has improved dramatically over the years. And while they show potential, they still impose economic costs that make implementing them at scale a steep challenge.On a related note, fuel cells require expensive catalysts, namely platinum. In prior years, alternative energy manufacturers could side-step this cost challenge by substituting platinum for palladium. Today, that won't fly because palladium's spot price is over $2,100.Ironically, geopolitical tensions with Russia, the world's biggest supplier of palladium, may have contributed to its sky-high price. Thus, alternative fuel cells don't actually promote energy independence; instead, they merely shift dependence from one region of the world to another.Plus, platinum itself might skyrocket due to global rivalries and emerging markets flexing their muscles. And if the economic case for fuel cells decline, I can't imagine FCEL stock faring well in the long run.Finally, we should look at the price history of FuelCell. At one point, shares traded in high four-digit territory. Usually, there's a reason why a stock loses 99.9% of its value. Fuel Only for a GamblerI can appreciate why many folks would take a long look at FCEL stock. With its low price point, the temptation is that the equity can't go much lower. Additionally, the underlying company has a viable business in a relevant industry.While that's certainly true, the alternative energy market has failed to convince in the economic realm; otherwise, logic dictates that more institutions would adopt fuel cells for their otherwise myriad advantages.Most importantly, it's irresponsible to recommend a company like FuelCell. On an annual basis, revenue has consistently declined. Net income is awash in red ink, as is unsurprisingly free cash flow. Debt is very high relative to its cash position. And the Altman Z-Score indicates that the company is extremely distressed (again, no surprise there).As a whole, FCEL represents a low-confidence gamble that might produce a wild gain in 2020 "just because." Undoubtedly, that will bring some speculators to the door. Everyone else, though, should stay far away.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Inflation-Beating REITs to Ground Your Income Portfolio * 7 Healthcare Stocks to Buy or Sell As Pricing Pressures Mount * 7 Earnings Reports to Watch This Week The post Roll the Dice on FCEL Stock If You Have Money to Lose appeared first on InvestorPlace.
FuelCell Energy, Inc. (FCEL), a global leader in delivering clean, innovative and affordable fuel cell solutions, is releasing details on the successful performance of its SureSource™ fuel cells in providing microgrid solutions. Microgrids have become a priority in the Northeast US and in California following extended power outages due to weather events and most recently with wildfire threats in California. California utility regulators recently mandated Public Service Power Shutoffs (“PSPS”) in an effort to avert wildfires being sparked by transmission lines and/or transmission distribution equipment.
FuelCell Energy, Inc. (NASDAQ: FCEL ) shares were trading lower on Monday after the company announced it has regained Nasdaq listing compliance. The company also delayed its earnings call. The company ...
FuelCell Energy, Inc. (FCEL), a global leader in delivering clean, innovative and affordable fuel cell solutions for the supply, recovery and storage of energy, is pleased to announce that, on January 13, 2020, the Company received a letter from the Nasdaq Stock Market stating that the Company has regained compliance with the Nasdaq minimum bid price requirement in Nasdaq Listing Rule 5450(a)(1). As announced earlier, FuelCell Energy planned to hold an investor call on January 14, 2020 to discuss its fiscal 2019 financial results and to outline the strategic pillars of its go-forward strategy. As such, the Company is announcing its intent to move its earnings call to January 22, 2020 to release its Form 10-K simultaneously with the presentation of the Company’s go-forward strategy.
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.
Shares of Plug Power Inc. soar, after the hydrogen and fuel cell technology company announces a contract win valued at $172 million over two years from a large, unnamed company.
FuelCell Energy, Inc. (FCEL), a global leader in delivering clean, innovative and affordable fuel cell solutions, is providing an update on the development and successful launch of production stack modules with extended life. As previously reported, the company transitioned production from its five-year stack design to its seven-year stack design in the fourth quarter of fiscal year 2018. The effort was also partially supported by the US Department of Energy through the Smart Matrix program (Contract Number: DE-EE0006606) funded by the office of Energy Efficiency and Renewable Energy.
Investor enthusiasm for FuelCell Energy Inc. has continued into the new year, as the fuel cell maker's stock shot up 8.4% in active premarket trading Thursday. Trading volume was already 1.2 million shares. The stock had more than tripled (up 206%) over the past four sessions, to close Tuesday at the highest level since May 7, 2019. The rocket ride was launched last week after the company said its waste water treatment facility in Tulare, Calif. started commercial operations, and had entered into a 20-year power purchase agreement with Edison International subsidiary Southern California Edison. The stock has now shot up nearly 8-fold (up 693%) over the past three months, but was still down 63% over the past 12 months. The S&P 500 has gained 12% the past three months and rallied 29% the past year.
The Danbury, Conn., company launched project at wastewater-treatment plant to convert biogas into electricity.
Shares of FuelCell Energy Inc. powered up 32% in active premarket trading Tuesday, which would put them on track to nearly triple in four days, after the fuel cell maker announced that its waste water treatment facility in Tulare, Calif. had started commercial operations. Trading volume swelled to 6.4 million shares just before the open, compared with the full-day average of about 23.2 million shares. The company had said in its announcement late last week that it had entered into a 20-year power purchase agreement with Southern California Edison, which is a subsidiary of Edison International , to purchase renewable and carbon neutral power for supply to the California grid. The stock had more than doubled over the previous three sessions, rising from from the Dec. 26 closing price of 82 cents to $1.68 on Monday. The stock has rocketed more than 5-fold (up 413%) over the past three months but had still dropped 74.6% year to date through Monday, while the S&P 500 has gained 28.5% this year. The stock had started a big rally in early November after FuelCell announced it was expanding a partnership with Exxon Mobil Corp. to develop carbon capturing technology.
This milestone is the culmination of fifty years of innovation optimizing the application of SureSource power plants for power generation with on-site renewable fuels. Using biogas began with the company’s very first commercial power plant shipment in 2003.
FuelCell Energy Power Plant Drives a Cleaner Energy Profile for San Joaquin Valley, Globally One of the Most Productive Agricultural Regions 100% Renewable power contributes to.
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the third quarter. You can find articles about an individual hedge fund's trades on numerous financial […]
Construction on the Fuel Cell Micro-Grid Project for the Connecticut Municipal Electric Energy Cooperative (CMEEC) on the U.S. Naval Submarine Base in Groton is on.
Covanta's (CVA) concession agreement with Zhao County will enable it to build and operate EfW project with 1,200 tonnes per day waste processing capacity.
While HollyFrontier (HFC) shares have run up considerably in the past six months, there is still time to add the stock to your portfolio as it looks promising and is poised to carry the momentum ahead.