FuelCell +7.6% as Stifel says company is moving from R&D to reality

FuelCell Energy (FCEL +7.6%) powers higher after Stifel gives a Buy recommendation and sets a $2.90 target price, believing the company is successfully transitioning its stationary fuel cell power plant solution from the R&D stage to an economically deployable renewable energy technology with a potential to become a part of the baseload generation mix.

FCEL has made progress in reducing its technology and manufacturing costs, Stifel says, and its fuel cell power plant solution is becoming increasingly attractive in several states following a decline in the cost of electricity generated by the product.

Other fuel cell stocks are rising too, including Ballard Power (BLDP +10.6%) and Plug Power (PLUG +6.2%).

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Comments (8)
  • GameKing13
    , contributor
    Comments (739) | Send Message
    Lol I doubt that's what's driving them higher. BLDP is way higher on the day than FCEL
    28 May 2014, 01:40 PM Reply Like
  • manfredthree
    , contributor
    Comments (3186) | Send Message
    @GameKing... We have to concur, something much more was needed to drive the whole sector higher, including big today's moves in BLDP and PLUG. Time and news will force shorts to cover so we may continue to see accentuated moves at these oversold levels. It will take very little demonstration of serious interest from a major auto or industrial player to push this sector much higher. The lack of visibility will be getting very unsettling for shorts who have otherwise been able to dominate trading in the last several weeks. Considering entire sector cap only a billion or so.
    28 May 2014, 09:40 PM Reply Like
  • Bigfloridafish
    , contributor
    Comments (96) | Send Message
    I think the point is that the technology is advancing and is it becoming more of a realistic opportunity. Fuel Cell and Ballard are companies in in the same field but different products. Both are good. Fuel Cell is sitting on one heck of a product and this is exactly why Stifle has come out covering this company with a buy just like many others will in the future.
    28 May 2014, 10:33 PM Reply Like
  • CleanEnergyNow
    , contributor
    Comments (394) | Send Message
    I think it may be partly this article in Forbes:
    28 May 2014, 03:38 PM Reply Like
  • LaGree
    , contributor
    Comments (63) | Send Message
    Nice article. Hat Tip, Clean!
    28 May 2014, 06:15 PM Reply Like
  • User 509088
    , contributor
    Comments (1769) | Send Message
    thx for the link, clean.
    28 May 2014, 06:45 PM Reply Like
  • alphaRAJU
    , contributor
    Comments (484) | Send Message
    $FCEL will be KING
    28 May 2014, 08:07 PM Reply Like
  • speculative
    , contributor
    Comments (1660) | Send Message
    It appears these stocks were intentionally sent on a wild descent by institutional investors. They decide which stocks go up and which go down. I swear, I knew this was going to happen. Nothing has really changed since they were all dogged not too long ago, remember. As a matter of fact, those that recently reported, didn't do well. So what changed? Apparently, institutional investors are changing their minds, why? Look for other big money investors bashing the sector to drive FCEL down and then another rating it a "buy" shortly after. Retail investors only need to read between the lines and play their game. They send it down to get in on the cheap, retail investors should buy at these events. I surely hate to buy for more than a billionaire pays for a stock and no one should.


    While this technology is not new, what is new and slowly accepted is the fact that this old but perfectly working tech will one day supply power to every home and business on the planet. Capex will decrease propelling the survivors into long awaited profitability. This is right around the corner and when finally reported, FCEL, who was at the edge of profitability, will soar. If you have been sitting on the fence, I urge you to at least wet your toes. This current buy recommendation that lifted these stocks is nothing. Just wait until the bulk of institutional investors all begin to accept that this technology is what will power the future. Coal is being shunned as we speak. Solar is much more accepted today than it was ten years ago. Solar will fall but remain a secondary source when all our power is generated by fuel cell technology. I am no expert and never claimed to be but no one needs to be, including you. All we need to know is that this is working and in FCEL's case, it is working problem free where already installed unless they are holding back on this information.


    You may buy some and it may go down or it may go up. If it goes down, buy some more. If it goes up, wait and see if it comes back to where you initially bought and add. If it doesn't come down to your entry point, you'll need to decide if you want to add at a higher price than already in. I myself have a cardinal rule of not buying for more than I'm in but have made some rare exceptions. FCEL is one of them and I will await for a drop in the neighborhood of $2.15-2.25 to add another chunk.


    If you hadn't noticed, I am anti institutionals for reasons I won't get into and love to read or hear about retail investors winning and getting their fair share. I'm not going to say that it is because I like you personally but do as a retail investor like I am.


    I wish all retail investors the greatest investment success.




    29 May 2014, 01:00 AM Reply Like
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