|Bid||68.53 x 900|
|Ask||68.55 x 4000|
|Day's Range||68.29 - 69.08|
|52 Week Range||66.31 - 83.49|
|Beta (5Y Monthly)||1.00|
|PE Ratio (TTM)||19.98|
|Earnings Date||Jan 30, 2020|
|Forward Dividend & Yield||3.48 (5.06%)|
|Ex-Dividend Date||Nov 06, 2019|
|1y Target Est||78.24|
Guyana has been the offshore success story of 2019, and Suriname could be the story of 2020 after Apache and Total made a significant discovery of both oil and condensate off its coast
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 email@example.com 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.
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.
Description: Tensions in Iraq seemed to have cooled in recent days, but many oil majors still face difficult decisions regarding their short and mid-term plans in the conflict stricken nation
In a newly released interview, longtime environmental advocate and lawyer Robert Kennedy Jr. sounds the alarm about the climate crisis.
Noble Energy's (NBL) Leviathan field starts commercial operation per schedule, and is expected to drive performance of the company over the long term.
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Representatives of two top business groups warned that it’s getting increasingly harder for foreign companies to put their money in Mexico and said that messages from President Andres Manuel Lopez Obrador’s government that hinder investment need to stop.In a rare critique of the current administration, Carlos Salazar, head of one of the largest Mexican business groups, CCE, said companies need a message of certainty from the Lopez Obrador administration to move away from conflicts.At the same event in Mexico City, Claudia Janez, the head of a group representing global businesses, spoke out even more forcefully against government interference in investment, saying it’s the main cause of economic stagnation in Mexico.Mexico’s gross domestic product remained flat last year in large part because of the “systemic change of rules to doing business and the constant political messages against the markets and companies,” said Janez, president of the Executive Council of Global Companies (CEEG).The economy even dipped into a slight recession in the first half of 2019 after Andres Manuel Lopez Obrador scrapped a $13 billion airport project before becoming president in December, and then suspended private oil auctions once in power. His government staged a months-long dispute with several pipeline operators after it decided to change the terms of natural gas contracts signed with the previous administration.“Companies make long-term investment decisions. Changing rules doesn’t help growth,” said Salazar, who has served as a liaison between the business community and the government.Mexico’s AMLO Still Working to Win Over Private Sector SkepticsIn recent months, Lopez Obrador has been trying to win over private sector skeptics, but hasn’t delivered what they want, which is mainly a return to business-friendly policies such as the oil auctions. Gross fixed investment, which includes spending in factories and machinery, has fallen for nine consecutive months through October, the longest losing streak since the 2009 recession.Janez, who is also president for Latin America at DuPont de Nemours Inc., stressed Mexico needs to be clear on why it deserves investment over other countries and that free trade deals will mean nothing if the country doesn’t address its security issues.She said security has become the number one concern for many companies operating in the country and that some of them are now spending an extra 30% to 40% of their fixed costs to protect themselves. “Insecurity should not be the new normal,” she said.Decisions to allocate money for Mexico became even harder in the second half of 2019, Janez said, an unusual situation considering that the country was expected to become a natural destination for investment amid the China-U.S. trade war. Members of her business group include Exxon Mobil Corp. and AT&T Inc.Salazar said he remains optimistic Mexico can reach growth goals in the future. He cited an infrastructure plan from November as a token of hope.Salazar is helping broker a second investment plan, this time for the energy sector, that could be announced this month or next.(Adds comments from Janez and Salazar starting in 10th paragraph.)To contact the reporters on this story: Cyntia Barrera Diaz in Mexico City at firstname.lastname@example.org;Andrea Navarro in Mexico City at email@example.comTo contact the editors responsible for this story: Nacha Cattan at firstname.lastname@example.org;Ney Hayashi at email@example.comFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
J.P. Morgan initiated coverage of Saudi Arabian Oil Co. , known widely as Saudia Aramco, with an overweight rating and a price target of 37.00 Saudi riyals per share, which is 6.6% above current levels and suggests a fair value for the oil giant of $2 trillion. That valuation compares with the S&P 500's largest U.S. energy company by market capitalization, Exxon Mobil Corp. , at $292.8 billion. Analyst Christyan Malek said key drivers for Aramco include an "increased appetite" from the Kingdom of Saudia Arabia to regain market share of global oil demand, in the context of a tightening of oil market deficit, and a rising call from captive refining commitments. "Aramco effectively offers minority shareholders 'bond with equity upside' type properties," Malek wrote in a note to clients. "Premium barrels, capex flexibility, captive crude demand through vertical integration into the eastern hemisphere (where we expect most marginal LT growth to emerge) and low gearing enable Aramco to commit to distributing a structurally higher percentage of cashflow through the cycle." The stock,which went public on Dec. 12, has declined 5.7% since then, while the SPDR Energy Select Sector ETF has slipped 1.5% and the S&P 500 has gained 3.6%.
The oil market may seem complicated to those not in the industry, but what impacts oil prices is fairly simple. Three major factors--supply, demand, and geopolitics--drive the price of oil.
Fears of World War III and a major crisis in the Middle East appear to have vanished entirely from the oil trader radar, as concerns of oversupply now weigh on oil prices
DOW UPDATE Shares of Apple Inc. and Exxon Mobil are seeing declines Tuesday afternoon, sending the Dow Jones Industrial Average into negative territory. The Dow (DJIA) was most recently trading 12 points lower (0.
ExxonMobil announced today that ExxonMobil Catalysts and Licensing LLC and Axens have signed a licensing alliance agreement to allow Axens to provide ExxonMobil’s FLEXICOKING™ technology and integrated resid conversion solutions.
Free cash flow used to be a rare commodity among oil and gas stocks, but companies have gotten the message that investors won’t buy stocks that don’t produce it.
By devising new plans and extensions, Equinor (EQNR) is creating a new ''late life'' wherein it will find innovative methods to enhance operations with low carbon footprints from late-life fields.
Amazon.com, Inc. (NASDAQ: AMZN) has partnered with oil giant ExxonMobil Corporation (NYSE: XOM) and financial services provider Fiserv to enable Alexa customers to make gas payments through the voice assistant at gas stations. When a customer pulls up his vehicle at a gas station, he can summon Alexa, confirm the station and pump number and Alexa will process payment and activate the pump for usage. The payment will be channeled through Amazon Pay, the e-commerce company's online payment service.
(Bloomberg Opinion) -- Broad new horizons in key markets are opening for the world’s energy companies. Don’t expect to see a land rush any time soon. China will allow all large domestic and foreign companies to apply for oil and gas exploration licenses that were previously only open to state-owned enterprises, the country’s resources ministry said at a briefing Thursday. In India, regulators will also let private and international companies bid for a group of coal blocks it’s putting up for auction starting this month, the country’s coal and mines minister Pralhad Joshi said this week, chipping away at a near-monopoly enjoyed by state-controlled Coal India Ltd.A decade or so ago, such announcements might have caused international energy companies to salivate with excitement. All the fear back then was that state-owned giants like Saudi Arabian Oil Co. and Petroleos de Venezuela SA controlled all the viable assets to fuel a coming era of ever-increasing fossil fuel demand, leaving listed businesses running out of reserves. How things have changed.For one thing, it’s national governments rather than independent companies that are now worried about supply shortages. China’s domestic oil production has fallen about 10% since peaking five years ago. India’s coal output is still edging up, but not fast enough to meet demand: Net imports have accounted for about a quarter of consumption in recent years, up from 10% a decade ago.Meanwhile, energy companies are awash with supply. The revolution in fracking means that America’s shale patch would count as one of the world’s top three oil producers if considered on its own. It briefly overtook Saudi Arabia for the number two spot behind Russia after an attack on the Gulf country’s oil facilities in September.Conventional oil and gas discoveries are booming, too, hitting a four-year high of 12.2 billion barrels of oil equivalent last year, according to consultancy Rystad Energy AS. Storied oil majors Exxon Mobil Corp., Total SA, BP Plc and Eni SpA chalked up some of the year’s best discoveries. On the demand side, consumption of petroleum may peak as soon as a decade from now, well within the lifetime of most conventional oilfields.As a result, the interests of fossil fuel producers and the energy-hungry governments seeking to attract them are fundamentally opposed. Beijing and New Delhi ultimately want to boost domestic output at all costs, and hope that foreign businesses can sprinkle some innovative magic that local giants can’t muster. International oil companies, on the other hand, are ruing a decade when they chased barrels to the exclusion of all else. They’re now much more focused on developing only the most profitable fields, wherever they’re to be found.It’s probably unfair to characterize the state-owned Chinese and Indian companies as lazy behemoths, too. PetroChina Co.’s capital spending is bigger than that of Exxon Mobil and BP put together, and about half the wells it drills each year are in the Changqing field, where most new development is in difficult formations similar to those in the U.S. shale patch. Coal India, likewise, is hampered by the fact that most of the country’s coal is high in ash and low in energy, and dependent on a creaky rail network to make it to power stations.The problem, instead, is that the remorseless facts of poor geology make it nearly impossible to develop domestic reserves profitably, especially when government targets are driving state-owned companies to increase output with little regard for cost.Take the Qingcheng field, a corner of the Changqing deposit that counts as PetroChina’s largest single shale find. Even after recent efforts to drive down costs, the internal rate of return for Qingcheng wells is now only 8% to 9%, Cathy Chan, an analyst at CCB International Holdings Ltd., wrote in an October note.It’s fanciful to think this would tempt foreign investors. Such returns barely cover PetroChina’s own cost of capital. In Texas’s Permian basin, comparably low returns were last seen in early 2016, when the local fracking industry was on the brink of collapse. IRRs of 20% to 40% are typical for unconventional petroleum in the U.S. Given the substantial political risks that come from operating in China these days, it’s very hard to see the attraction here for international energy businesses.The best path to energy security for China and India is to encourage their own renewable energy and electrified transport industries — an approach that will improve the health of their populations, reduce climate risks, and leave them far less dependent on imported fuels. That’s a much better idea than wasting money trying to get blood from a stone, or hoping that clever foreigners will be able to find hidden deposits where local talent has failed.To contact the author of this story: David Fickling at firstname.lastname@example.orgTo contact the editor responsible for this story: Rachel Rosenthal at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.David Fickling is a Bloomberg Opinion columnist covering commodities, as well as industrial and consumer companies. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian.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.
Equatorial Guinea will add 20,000 barrels per day (bpd) of oil production by October, the country's oil minister said on Sunday. "We expect an increase this year of around 20,000 bpd additional because of the new discoveries," Gabriel Obiang Lima told reporters on the sidelines of an energy event. Equatorial Guinea, a member of the Organization of the Petroleum Exporting Countries (OPEC), currently produces 120,000 bpd.
(Bloomberg) -- New York won’t appeal a ruling by a judge who rejected the state’s claim that Exxon Mobil Corp. misled investors for years about the oil giant’s internal planning for risks associated with climate change.New York Attorney General Letitia James, a Democrat who took office after the suit was filed, announced the decision late Friday without giving a reason. James nevertheless hailed the trial in state court as a landmark -- “the first time in history” Exxon was forced to answer publicly for its messaging around climate change.“As we have done for the last year, my office will continue to fight to ensure companies are held responsible for actions that undermine and jeopardize the financial health and safety of Americans across our country,” James said in a statement.Read More: Exxon Says N.Y. Used Fraud Claims to Score Political PointsExxon has never taken the economic impact of climate change on its business seriously, “and that truth was laid bare at trial,” she said.James’s defiance belies the decision by New York Supreme Court Justice Barry Ostrager, who rejected all the state’s claims.In its securities fraud suit, filed in October 2018, New York accused Exxon of lying to shareholders about its use of a “proxy cost” for carbon in its internal accounting to prepare for future climate change regulations. That alleged lie suggested to the public that Exxon was being more prudent about climate risks than it really was, the state said.Ostrager, in a 55-page ruling in December, said the attorney general’s office “failed to prove, by a preponderance of the evidence, that Exxon Mobil made any material misstatements or omissions about its practices and procedures that misled any reasonable investor.”Read More: Former Exxon CEO Says Climate Change ‘With Us Forever’Irving, Texas-based Exxon previously accused New York of filing the lawsuit in a politically motivated attempt to target the company. That argument was bolstered on the final day of the trial when the state dropped its two most serious fraud claims against the company after failing to back them up with any evidence during the trial.On Friday, a non-profit energy industry organization filed a motion to intervene in the case in an effort to unseal communications between the Attorney General’s office and a well-known plaintiffs lawyer who is involved in various lawsuits against the energy industry.Energy Policy Advocates, based in Washington state, said in its filing that the lawyer, Matt Pawa, shopped around anti-Exxon litigation strategies in pitches to various AG’s office, including Massachusetts, which has also sued Exxon.“Documents filed in this matter will shed light on the important ongoing debate about the propriety of the New York Attorney General’s actions in this matter,” the group said in its filing. “Regardless, they will show how such costly if failed litigation came to pass, or at least key influences.”Neither the New York Attorney General’s office nor Pawa immediately responded to requests for comment on Saturday.(Updates with comment from the New York attorney general.)To contact the reporter on this story: Erik Larson in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: David Glovin at email@example.com, Ros Krasny, Linus ChuaFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
Yahoo Finance Editor-in-Chief Andy Serwer sits down with Chairman of the Children’s Health Defense, and President of the Waterkeeper Alliance, Robert F. Kennedy, Jr.