Plug Power, Ballard Power, FuelCell fall as peer files for bankruptcy


Shares of Plug Power (PLUG -3.6%), Ballard Power (BLDP -3.4%) and FuelCell Energy (FCEL -1.1%) are lower after California-based fuel cell manufacturer ClearEdge Power filed for bankruptcy.

ClearEdge was hoping to land a major contract which was delayed, causing a cash shortage in the process.

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Comments (23)
  • D00ner
    , contributor
    Comments (43) | Send Message
     
    dog eat dog; only the strong (have a cash hoard) will survive. Stock offerings look more positive from that view, still long PLUG.
    2 May 2014, 12:39 PM Reply Like
  • FF373737
    , contributor
    Comments (315) | Send Message
     
    Curious if it has anything to do with the news that FCEL got the UIL Holdings contract for fuel-cell power plants. UIL Holdings is in Connecticut and so is Clearedge Power. Time to buy more FCEL.
    2 May 2014, 12:39 PM Reply Like
  • titione53
    , contributor
    Comment (1) | Send Message
     
    the future is in alternate energy, not dirty oil or coal. The old timers are not worried about the planet. The rest of us still have to make this place home. Wake up.. We want to be able to see and smell the roses.
    2 May 2014, 01:19 PM Reply Like
  • DRB1234
    , contributor
    Comments (90) | Send Message
     
    Kind of painting with a broad brush aren't you? Who are the "rest of us"? What is an "old timer" BTW? Really a mindless comment.
    2 May 2014, 06:12 PM Reply Like
  • User 9825951
    , contributor
    Comments (30) | Send Message
     
    Speaking of the old-timers: http://bit.ly/1iLVg6H
    2 May 2014, 01:46 PM Reply Like
  • Weighing Machine
    , contributor
    Comments (870) | Send Message
     
    Plug should issue some more stock just to make sure it doesn't go bankrupt :)
    2 May 2014, 01:52 PM Reply Like
  • mlauritz
    , contributor
    Comments (354) | Send Message
     
    Don't worry Weighing Machine; every week PLUG stays above $1 Marsh will be working with the Bankers on another Offering!

     

    The New Shares are to help the Current Shareholders - didn't you know?! ;-)
    2 May 2014, 02:19 PM Reply Like
  • User 509088
    , contributor
    Comments (1675) | Send Message
     
    have you unwound your short yet? OUCH! no sign of 2 bucks. whoever sold you the tip did you no favours. how long 'til you've got to give them back?
    2 May 2014, 02:10 PM Reply Like
  • mlauritz
    , contributor
    Comments (354) | Send Message
     
    Only on the PLUG Power Message Boards do the Longs Accuse the Shorts of being Wrong as the Price Consistently Drops...
    2 May 2014, 02:21 PM Reply Like
  • Larry6147
    , contributor
    Comments (4) | Send Message
     
    mlauritz - thank you for seeing that Plug is not the golden-haired boy. The whole fuel cell sector is sliding down the slope together. ClearEdge Power hoped they had a contract? I feel for them. I hoped to be a rock star. Fuel cell energy is not considered to be a viable source of affordable and practical source at this fairly early stage. If one company hoped they would get a contract brought down its peers along with it, might be a sector to stay away from. Lots of good solid stocks that actually have profits and a strong balance sheet. Were not talking about the next Facebook here.
    2 May 2014, 02:50 PM Reply Like
  • User 509088
    , contributor
    Comments (1675) | Send Message
     
    I guess that's a resounding no?
    2 May 2014, 05:30 PM Reply Like
  • thotdoc
    , contributor
    Comments (1958) | Send Message
     
    Larry-

     

    Maybe we are...in fact many of us think we are talking about the future when we talk about or invest in companies early to the hydrogen energy future. And, how will we get there without companies working to take us there. You invest long in this category if you believe that fossil fuel will come to an end and that there will be an alternate energy source based on hydrogen and variations around hydrogen, eg methane etc.

     

    ClearEdge was not even a player. They bought some of UTI's patents for small fuel cells that were related to residential units, if I remember it all correctly. As companies like ClearEdge leave the field, it only makes the remaining companies stronger.

     

    Did you ever consider that Facebook is a fad? I would not invest long in a company that was popular based on teen behavior. You may and that's what horse racing is about. Absent the teen aged badge, consider Linkedin and how that's working.

     

    Facebook may survive, but let's see.
    2 May 2014, 03:01 PM Reply Like
  • Larry6147
    , contributor
    Comments (4) | Send Message
     
    Hey - thotdoc, Long for future if you have a little money (speculative money). Other more realistic specs are out there. If your foto was of you, like me, a long spec. in Plug, etc. is maybe a rather long time horizon. A 5dollar stock is maybe not worth my, or your time. Again, if a small fish goes butt up, and takes the rest of the sector with it. Spooky! Maybe we should both have bought Facebook when it was still a spec. too. Study on!!
    2 May 2014, 05:36 PM Reply Like
  • speculative
    , contributor
    Comments (1625) | Send Message
     
    The weeding has begun. Unfortunate, but that's the way the cookie crumbles. FCEL, while in the alternative energy sector is still categorically a totally different business than that of PLUG & BLDP. However, one of them farts, and they all get blamed. Maybe FCEL would become interest in ClearEdges' IP if it has any value to them and if so, should this occur, then FCEL can partially be considered in the same category for the percentage of the additions worth. Until then, FCEL will continue its journey without any competitive counterparts looking to add more business into their backlog.

     

    My only complaint with FCEL at this time is that upon signing up any new deals, they ought to have a contract clause obligating the client to pay a portion of at least 25% upon start of work and payments as stages are completed. This will be shareholder friendly as it will reduce the need to do secondary offerings that dilute shares prices and save the huge expense of transacting them along with the realization of a profit instead of extending credit.
    2 May 2014, 04:10 PM Reply Like
  • alphaRAJU
    , contributor
    Comments (483) | Send Message
     
    FCEL will survive and HYSR will eventually be able to produce Hydrogen on a large scale using solar and any water. No combustion, just clean power and heat. How could this not be the coolest thing and our future.
    2 May 2014, 04:16 PM Reply Like
  • pensaman
    , contributor
    Comments (214) | Send Message
     
    I wonder why Yahoo gives importance to this stupid article... connecting Ballard and PLUG while there are many more stocks of importance... Shorts pay to advertise, ???
    2 May 2014, 04:21 PM Reply Like
  • tjosty
    , contributor
    Comments (4) | Send Message
     
    This is stupid for the other fuel cell companies to fall. It is survival of the strongest. In this case its stupid for plug or ballard to fall cause they aren't in the same market and its even stupider for fcel to fall because they have lost a competitor. FCEL has a stronger moat now than before. Perhaps they will buy up the ashes of clear power and benefit even more. I may be totally wrong but I'm happy with this. Wouldn't you be happy if Toyota went bankrupt and you owned GM?
    2 May 2014, 05:20 PM Reply Like
  • Larry6147
    , contributor
    Comments (4) | Send Message
     
    tjosty - OK - Clear Power was not even a player. The fact that it brought other companies in the space down, means something! fcel doesn't even know how to make a moat. Buy whats left of a company with no earnings or prospects and go to the top. C'mon guys and gals, this is about making money, not giving money to the needy. You, hopefully, have better things to do with your money!
    2 May 2014, 06:36 PM Reply Like
  • Alphadogspartan
    , contributor
    Comments (220) | Send Message
     
    Clear edge competed with Bloom energy and Fuel Cell not Plug.
    2 May 2014, 05:57 PM Reply Like
  • manfredthree
    , contributor
    Comments (3087) | Send Message
     
    This nice negative 'discussion' should enable remaining shorts to feel good for the weekend. So, the shorts (ala Tesla) have predictably enabled PLUG to raise all the capital it needs for a full scale capital attack on building TRU's and range extenders. So who out there is recommending shorting at $4.50 ?
    3 May 2014, 06:26 PM Reply Like
  • mlauritz
    , contributor
    Comments (354) | Send Message
     
    You assume that management knows what to do with the Capital to execute that strategy. The way Management has treated shareholders so far; I wouldn't expect a much of a Return on Equity for the Long's contributions...

     

    I recommend buying 3-6 month dated puts.

     

    For those who can handle the risk; I've been playing the 25-50 cent Out of the Money Weekly Expiring Puts for very nice returns.
    3 May 2014, 08:45 PM Reply Like
  • joemarko
    , contributor
    Comments (32) | Send Message
     
    You will still be using gasoline as your primary source of fuel for another 20 yrs, too much diversity in the absolute alternative. Just my 5 cents.
    5 May 2014, 07:47 PM Reply Like
  • BatteryUser
    , contributor
    Comments (40) | Send Message
     
    This is a chapter 11 and not chapter 13 so let's see how it pans out. The fuel cell industry is still small so an event like this is bound to take the sector down. A couple of clarifications: ClearEdge got a whole factory and large format fuel cell systems from UTI. Even though FCEL and ClearEdge' large format fuel cells are selling to the same market, they are using very different technologies, so that would most likely not drive FCEL to buy / invest in ClearEdge. There is definitely a market for stationary fuel cells, but it is still not a mass production market and it requires deep pockets to ride through the ups and down, something most of these companies except Ballard does not have.
    14 May 2014, 12:25 PM Reply Like
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