1.4000 +0.01 (0.72%)
After hours: 7:59PM EDT
|Bid||1.3700 x 28000|
|Ask||1.4200 x 4000|
|Day's Range||1.3300 - 1.4500|
|52 Week Range||0.1300 - 4.4400|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jun 14, 2020 - Jun 18, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.75|
Investors need to pay close attention to FuelCell Energy (FCEL) stock based on the movements in the options market lately.
Continues to materially exceed operational output requirementsHighly efficient and affordable electrical output and heat productionIdeal solution for the South Korea.
FuelCell Energy, Inc. (FCEL), a global leader in fuel cell technology focused on utilizing its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy, today announced that in response to the escalating COVID-19 outbreak, the Company has temporarily suspended operations at its Torrington, CT manufacturing facility. The manufacturing facility is anticipated to remain closed through April 20, 2020 and all other FuelCell Energy team members except those performing business critical work that cannot be done off-site will be working remotely through at least April 1, 2020. FuelCell Energy will utilize finished goods on hand for near-term, in-flight projects.
FuelCell Energy (NASDAQ:FCEL) reported Q1 results.Quarterly Results Earnings per share decreased 11.11% over the past year to ($0.20), which missed the estimate of ($0.08).Revenue of $16,264,000 less by 8.54% year over year, which beat the estimate of $14,910,000.Looking Ahead FuelCell Energy hasn't issued any earnings guidance for the time being.Q2 revenue expected between $50,000,000 and $60,000,000.Details Of The Call Date: Mar 16, 2020View more earnings on FCELTime: 08:01 AM ETWebcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=&eventid=2152554&sessionid=1&key=35B0BD21D09458643706A47A3A3C6118®Tag=&sourcepage=registerTechnicals Company's 52-week high was at $3.00Company's 52-week low was at $0.13Price action over last quarter: down 34.66%Company Overview FuelCell Energy Inc is a fuel-cell power company. FuelCell designs manufactures, sells, installs, operates, and services fuel-cell products, which efficiently convert chemical energy in fuels into electricity through a series of chemical reactions. It serves various industries such as Industrial, Wastewater treatment, Commercial and Hospitality, Data centers and Communications, Education and Healthcare, and others. Geographically, the company generates a majority of its revenue from the United States followed by South Korea.See more from Benzinga * 12 Industrials Stocks Moving In Friday's Pre-Market Session * 10 Industrials Stocks Moving In Thursday's Pre-Market Session * 13 Industrials Stocks Moving In Wednesday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
FuelCell Energy (FCEL) delivered earnings and revenue surprises of 66.67% and 65.96%, respectively, for the quarter ended January 2020. Do the numbers hold clues to what lies ahead for the stock?
NEW YORK, NY / ACCESSWIRE / March 16, 2020 / FuelCell Energy, Inc. (NASDAQ:FCEL) will be discussing their earnings results in their 2020 First Quarter Earnings call to be held on March 16, 2020 at 10:00 ...
Revenues of $16.3 million in the first quarter, compared with $17.8 million in the first quarter of fiscal 2019Gross Margin of 20.2% in the first quarter, compared to (12.4%) in.
Shares in Plug Power (NASDAQ:PLUG) are up 27% on the year but you can wait on the big gains.Source: Halfpoint / ShutterStock.com Plug Power makes fuel cells, which combine hydrogen with oxygen from the air to produce energy. Water is the byproduct. Unlike FuelCell Energy (NASDAQ:FCEL), which sells its engines to utilities for back-up power, Plug Power focuses on warehousing. Forklifts with fuel cells can go all day without being refueled.Plug Power is now trying to expand this niche by getting into trucks, with advanced diagnostics that let owners track them.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe focus is on the "middle mile," deliveries made between warehouses, with hydrogen stored at the warehouses for easy refueling. Too Early or Too LateIt's all part of a five-year plan, which the company insisted in its March 5 earnings release is on track. But a loss of 6 cents per share, albeit on revenue of over $91 million, sent shares down anyway.Before earnings, InvestorPlace analyst Louis Navellier was calling the stock "unstoppable." Over the long run that might be the case. * Buy the Dip in These 7 Online Advertising Stocks Now But with fossil fuel energy costs falling, and the prospect of a global recession, the near term looks dicey. That's why InvestorPlace's Larry Ramer wrote on March 2 that investors should wait until after coronavirus fears subside to buy the stock. He wrote after taking profits on two months that saw the price move from $3.23 per share to over $5.My own view is that these are early days for Plug Power. Plug Power has been touting the idea of using electrolysis, powered by solar or wind energy, to produce hydrogen. But for now, the primary feedstock remains natural gas. While natural gas is cheap and plentiful, burning it is a cheaper way to use it. Fuel cells aren't quite as green as they seem. An Established NicheThe best news for Plug Power is that it has established a niche for itself in warehousing. Cleaner operations, lower maintenance costs and shorter fueling times all working to its benefit.The problem for small investors is that its customers could be its undoing. Under a 2017 sales agreement, Amazon (NASDAQ:AMZN) won the right to buy up to 23% of Plug Power if its total orders came to $600 million. Such a move would water down the holdings of existing shareholders.Walmart (NYSE:WMT) is another big customer for hydrogen-powered forklifts. It was estimated in 2018 there were already over 20,000 hydrogen-powered forklifts in operation.Going from warehouses to the streets may be tougher. Here, fuel cells must compete directly with natural gas. United Parcel Service (NYSE:UPS) is a big user of natural gas in its delivery vehicles, and those moving between warehouses would be of the same class. Hydrogen is also harder to store than natural gas.While natural gas is a fossil fuel it's often sold as "clean" energy, because it offers lower emissions than oil. The industry works around critics by taking some of its gas from landfills, calling this "renewable." Fuel Cell Energy also uses landfill gas to power its fuel cells. The Bottom Line on PLUG StockPlug Power is doing much better than other energy or transportation stocks in 2020. The shares fell 9% on March 9 but recovered nearly all that loss overnight, opening at $4.15. Plug Power's market capitalization is about $1.2 billion, on trailing year sales of about $200 million.It means that, for now, the stock is fully valued. This is a speculative stock for younger investors. It could be a 10-bagger, increasing in value by 10 times, assuming the company's five-year plan works. For now that's still just an assumption.Dana Blankenhorn has been a financial and technology journalist since 1978. His latest book is Technology's Big Bang: Yesterday, Today and Tomorrow with Moore's Law, essays on technology available at the Amazon Kindle store. Follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Healthcare Stocks Worth Your Time Now * Buy the Dip in These 7 Online Advertising Stocks Now * 7 Services Stocks to Buy on Coronavirus Weakness The post Plug Power Needs Its Fuel Cell Logistics Plan to Pan Out appeared first on InvestorPlace.
FuelCell Energy (FCEL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Holding steady under $2/share, you might think now the time to buy into FuelCell Energy (NASDAQ:FCEL).Source: Kaca Skokanova/Shutterstock But not so fast! "Green Economy" stocks may be holding their value even in today's volatile market. But in the case of FuelCell Energy, there are too many red flags to consider it an opportunity.Like Plug Power (NASDAQ:PLUG), FuelCell is making progress signing up big companies for its renewable energy technology. As you may know, I've long been skeptical of Plug Power's long term prospects.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn the case of FCEL stock, I am even more hesitant. FuelCell has even more limited financing options. Shares also trade at a higher enterprise value/sales (EV/Sales) ratio than Plug Power. * 8 Stocks to Buy in March for a Coronavirus Rebound In short, FCEL stock is not the strongest "green wave" stock for your portfolio. Yet, the stock's volatility may make it tough to get on the other side of this name. With this in mind, let's dive in, and see what's the verdict with FuelCell Energy stock. What Else is in the Pipeline For FCEL Stock?A big catalyst for FCEL stock as of late was the company's partnership deal with Exxon Mobil (NYSE:XOM). This deal not only demonstrates potential demand for FuelCell's carbon capture technology. It could also help the floundering company get its financial house in order. As InvestorPlace's Chris Lau discussed February 26, this deal helps reduce operational risks. With this partnership, Exxon Mobil is essentially subsidizing FuelCell's research and development costs.But, what else is at play with FCEL stock? As InvestorPlace's Vince Martin discussed February 24, FuelCell's new strategy is to focus on long-term PPA (or Power Purchase Agreement) deals, as opposed to one-time product sales. This may explain why sales took a hit in the last quarter of 2019. Yet, outside of the Exxon Mobil deal, FuelCell lacks other game-changing catalysts.All bets are off whether FuelCell can secure more Exxon Mobil-sized deals. Yet, that has not stopped investors from continuing to give FCEL stock a rich valuation. Add in potential headwinds related to financing, and there's more to be cautious about with FuelCell Energy shares. Financing Challenges Could Limit FuelCell's GrowthIn my prior analysis of FCEL stock, I keyed in on the company's financing issues. Much of the attention may be paid to the company's $200 million financing deal with Orion Energy Partners. But, the company could be hitting a wall raising more capital.FuelCell was able to secure the deal by issuing warrants. The deal wasn't terribly dilutive. But unlike other speculative growth names, FuelCell can only dilute so far. Why? The company's self-imposed cap of 225 million outstanding shares. With the Orion deal, FCEL stock now has about 211 million shares outstanding.With the company unprofitable, FuelCell will need more financing if it manages to secure needle-moving sales. To secure this funding, odds are the company will need to issue warrants to entice potential debt investors. As the company currently can only issue an extra 14 million shares, this will be a challenge.This explains why FuelCell's next annual meeting includes a vote on expanding the share count. If approved, the company could increase the number of outstanding FCEL stock to 337.5 million shares.Last year, shareholders voted against this amendment. But, this year, FuelCell's management could make a stronger case. Issuing more FCEL stock would impact the share price short-term. But, the company cannot pursue growth without more capital. Valuation Another Key Concern with FCEL StockWith potential growth limited by the outstanding shares cap, one would think FCEL stock would sell at a lower valuation than Plug Power. Yet, this is not the case. FCEL shares trade at an EV/Sales ratio of 9.6. Plug Power trades at an EV/Sales ratio of 8.8. And this is with Plug Power, overvalued at it may be, having stronger prospects than FuelCell.Granted, this valuation discrepancy may not matter in the grand scheme of things. If FuelCell can secure another headline-making deal, shares could skyrocket. It's tough to use traditional valuation metrics for stocks like Fuel Cell or Plug Power. Less than a year ago, Plug Power didn't look like a great opportunity valuation-wise. Yet, shares have more than doubled since then. FuelCell Shares Could Surprise, But Look Elsewhere For OpportunityGiven the number of factors working against FCEL stock, it's tough to justify at buy at today's price levels. Yet, it may be precarious to short FuelCell around $2/share. With speculative interest in green stocks like FuelCell, shares could skyrocket on the whiff of a game-changing deal.It short, FCEL stock is too overvalued to buy, but too uncertain to short. Bottom line, the best move is to seek opportunities elsewhere. Renewable energy stocks as a whole are overvalued. But FuelCell shares offer an even less promising proposition.Thomas Niel, contributor to InvestorPlace, has been writing single-stock analysis for web-based publications since 2016. As of this writing, Thomas Niel did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 Stocks to Buy in March for a Coronavirus Rebound * 5 Big Reasons Stocks Will Rebound From the Coronavirus Selloff * 4 Large-Cap Stocks Still in Trouble The post Stay On The Sidelines With FuelCell Energy Stock appeared first on InvestorPlace.
Ballard Power beat Q4 revenue estimates, and Fuel Cell Energy got a green light on a hydrogen-power project for Toyota.
FuelCell Energy’s First Full-Scale Commercial SureSource Hydrogen Plant Will Produce Clean Electricity, Hydrogen and Hot WaterCarbon Neutral 2.3MW Plant Will Completely Power.
DANBURY, Conn., March 02, 2020 -- FuelCell Energy (Nasdaq: FCEL), the global leader in molten carbonate fuel cell technology with its purpose being to utilize its proprietary,.
FuelCell Energy (FCEL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
FuelCell Energy (NASDAQ:FCEL) is an interesting company but a speculative stock. The shares have been climbing out of the market's basement since last summer, on the strength of its business with utilities.Source: Kaca Skokanova/Shutterstock FCEL systems, sold under the name SureSource, help maintain baseload power and can run on biogas produced by wastewater treatment.Fuel cells work by combining hydrogen with oxygen through chemical membranes to create energy with water as the waste product. Smaller fuel cells are used to power warehouse forklifts, but FCEL is not in that business.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFuel cell companies are constantly seeking sustainable niches for a product that seems too good to be true. The problem has always been that the main source of hydrogen was natural gas, an unsustainable fossil fuel. FCEL claims it has solved that problem. The Potential Is BigAnalysts are big on fuel cells. There are lots of "hockey stick graphs" being produced. These are graphs that show a slow-growing industry or company suddenly taking off 3-5 years down the road, producing a revenue chart that looks like a hockey stick. * 10 S&P 500 Stocks to Buy Increasing Their Dividends in 2020 One of the most popular of these charts, from Grand View Research, shows fuel cells as a $33 billion market in 2027, growing at 15.5% per year. There are several types of fuel cells. Demand is expected to be driven by the rise of unconventional power sources like solar, wind and biogas.That's what FuelCell is offering in Tulare, California. Gas from water treatment that was previously burned off is now being turned into energy that runs the plant. There's a power purchase agreement with the local utility to buy the rest of the power, and a $14.4 million sale-leaseback deal to finance it. Dicey NumbersDeals like Tulare are why investors are willing to play penny poker with FCEL.The stock's market capitalization of $630 million supports trailing-year revenue of about $67.6 million, and there have never been profits. But whenever buyers come in, as they did Feb. 18, the stock draws headlines.The expectation is for rapid growth. The company's most recent earnings release, however, showed revenue of just $11 million, down 38% from a year earlier. But it arrived alongside another release touting a new strategy called "Powerhouse," with former software executive Jason Few as CEO.Few worked with management consultants Huron Consulting (NASDAQ:HURN) to turn many of its loans from Orion Energy Partners into stock, then closed a new $200 million lending facility with Orion. This should provide stability, as the company burned $40 million in cash in the fiscal year ending last October. The Bottom Line on FCEL StockAll this creative financing worries InvestorPlace's Thomas Niel, who warns it could limit the stock's growth opportunities.That's not an unusual take. Usually, when InvestorPlace writers look at FCEL, we turn our thumbs down on it.Vince Martin put an optimistic headline on a recent story that nevertheless warned about past failures. Tom Taulli reminded readers that this was a 20-cent stock last June. He suggested those who got in then get out now.Will Ashworth looked at FCEL in February and preferred Bloom Energy (NYSE:BE). David Moadel said you should avoid FCEL even if you're bullish on renewable energy.My own view remains what it was in January. FuelCell needs to show some big orders from utilities before I'm going to believe the Powerhouse strategy is going to work. I'm willing to forego speculative gains to buy into a sustainable business. I'm willing to wait for it.Dana Blankenhorn has been a financial and technology journalist since 1978. He is the author of the environmental thriller Bridget O'Flynn and the Bear, available at the Amazon Kindle store. 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 * 10 S&P 500 Stocks to Buy Increasing Their Dividends in 2020 * 5 Tech Stocks Vying to Win the AR/VR Race * 7 U.S. Stocks to Buy on Coronavirus Weakness The post FuelCell Energy Is Still a Gamble Despite New 'Powerhouse' Strategy appeared first on InvestorPlace.
[[Correction: This article was updated on Feb. 14. 2020, to correct details about FuelCell.]]FuelCell Energy (NASDAQ:FCEL) reported fourth-quarter results on Jan. 22. They were disappointing, sending FCEL stock below $1.60. Thankfully, for anyone betting on the maker of hydrogen fuel cells (HFC), its share price has recovered some of those losses.Source: Kaca Skokanova/Shutterstock In January, I called both FuelCell Energy and Plug Power (NASDAQ:PLUG) speculative buys but only for those who could afford to lose their entire investment. Clearly, FuelCell's stock has been extremely volatile over the past three weeks. Heck, at a market cap of less than $500 million, it's been this way for more than a year now.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhile I like the market in which FuelCell plays, losing $31.4 million in adjusted EBITDA in fiscal 2019 on $60.8 million in sales doesn't provide most investors with a warm, fuzzy feeling. By comparison, Bloom Energy (NYSE:BE) through the first nine months of 2019 had positive adjusted EBITDA of $64.8 million from $668 million in revenue.For speculative investors, I'm not suggesting you abandon your bet on FuelCell's future. However, for those with an aversion to risk who want to bet on clean energy, Bloom's energy server platform helps businesses work 24/7 while also keeping their energy requirements affordable. * 20 Stocks to Buy From the Law of Accelerating Returns It's a win/win energy solution. What to Expect in the FutureIn the markets where Bloom has installations, the company estimates that its serviceable addressable market is $175 billion, up from $21 billion in 2009. On an annualized basis based on Q3 2019, the company's revenues represent just 0.5% of this market. Assuming it gets to 5% of the market, we're talking about $8.75 billion, How fast could it get to that figure?In Q3 2019, Bloom had 302 acceptances, which represents 30.2 megawatts of power from eight different end customers. That was up from 271 acceptances in the second quarter and 206 a year earlier. For those not wanting to do the math, that's a 46.6% year over year increase.What's attractive about Bloom's business model is that it has four revenue streams: Product, Installation, Service, and Electricity. So, for each acceptance, it generates approximately 83% of its revenue upfront, with the remaining 17% on an ongoing basis.Now, I should note that this ongoing revenue currently is at breakeven or even a slight gross-profit loss. However, if it were to get to $8 billion in revenue, the economies of scale generated by that amount of sales would likely deliver gross profits, not losses.Through the first nine months of fiscal 2019, it had 808 acceptances. That's almost $827,000 per acceptance. Currently growing its rate of acceptances by 11% per quarter on a sequential basis, it would take nine years to reach 10,580 acceptances.Bloom's stock is currently trading at 1.3 times sales. Assuming the multiple stayed the same over the next nine years, in 2029, it would have a market cap of $11.4 billion for a compound annual growth rate of 28.4%.I don't know about you, but if all of this were to play out, and that's a big if, do you think the multiple would stay at 1.3 times sales?I sure don't. The Bottom Line on FCEL StockAs I said in the beginning, I like FuelCell's business model. It's just not quite at the point where I can recommend it to risk-averse investors.Bloom Energy, meanwhile, appears to be a few steps ahead of its clean energy peer.That said, I wouldn't recommend you bet more than 1-2% of your portfolio on it. It's only just begun to generate non-GAAP EBITDA profits. It, too, isn't out of the woods just yet.At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities.The post If You Like Fuel Cell Energy, Bloom Energy Might Be The Safer Bet appeared first on InvestorPlace.
DANBURY, Conn., Feb. 13, 2020 -- FuelCell Energy, Inc. (Nasdaq: FCEL), the global leader in molten carbonate fuel cell technology with its purpose being to utilize its.
Shares of FuelCell Energy Inc. plunged 23% on heavy volume in premarket trading Wednesday, after the fuel cell technology company reported a wider-than-expected fiscal fourth-quarter loss and revenue that fell more than forecast. Trading volume was 10.4 million shares, making the stock the most actively traded ahead of the open. The net loss for the quarter to Oct. 31 was $36.0 million, or 23 cents a share, after a loss of $17.9 million, or $2.31 a share, in the year-ago period. The FactSet consensus for net losses per share was 11 cents. Revenue fell 38% to $11.0 million, reflecting FuelCell's decision to de-emphasize product sales to focus on utility scale power purchase agreement opportunities. That missed the FactSet revenue consensus of $11.5 million. Product sales fell 95% to $500,000, while generation revenue tripled (up 206%) to $5.5 million. Total contract backlog as of Oct. 31 increased 17% from last year to $1.32 billion. The stock, which closed Tuesday at an 8 1/2-month high, has run up more than 9-fold (up 832%) over the past three months, while the S&P 500 has gained 11%.
New “Powerhouse” business strategy launched to strengthen FuelCell Energy’s business, maximize operational efficiencies, and position the company for future profitable.