Look At Fuel Cell Energy To Take Advantage Of The Energy Revolution
Mike Hathaway • 138 Comments
Mike Hathaway • 138 Comments
Jul. 15, 2014, 11:59 AM
- Plug Power (PLUG +15.7%) moves out to startling gains after FBR last night initiated coverage with an Outperform rating, with analyst Aditya Satghare expecting the shares to nearly double over the next year.
- The firm believes Plug's recent order wins at marquee customers will have "a follow-on effect," and expects them to continue to transition to hydrogen-based solutions; he estimates Plug has a more-than 90% market share in the hydrogen-powered material handling power unit market.
- The firm's $8 price target is 91% above Monday's closing price of $4.18.
- Also higher: FCEL +2.4%, BLDP +6.7%, ZBB +0.6%.
Jul. 15, 2014, 9:16 AM
Jun. 19, 2014, 9:14 AM
- Ballard Power (BLDP) +10.3% premarket after announcing the signing an agreement with Azure Hydrogen relating to an assembly license for Telecom Backup Power systems for the China market, in a deal valued at ~$6M.
- In addition to the payment for the assembly license, BLDP will be the exclusive supplier of subsystems and receive a royalty payment for each Telecom Backup Power system sold in China.
- Also, PLUG and FCEL each are +2.8% premarket, extending yesterday's rally.
Jun. 18, 2014, 3:28 PM
- Fuel cell companies had been quiet for a while but not today, as Plug Power (PLUG +18.8%) and Ballard Power (BLDP +15.8%) skyrocket amid speculation that declining volume and high short interest could be causing a short squeeze; others say the names have been trading at recent lows and may be catching a bid in response to the recent spike in solar stocks such as SolarCity.
- FuelCell Energy (FCEL +1.2%) continues to gain after obtaining a federal grant, as the U.S. government pushes hydrogen energy to become a reality.
- Also: ZBB +10.1%, HYG +0.4%, CPST -1.4%.
Jun. 18, 2014, 11:42 AM
- FuelCell Energy (FCEL +3.1%) moves higher as the U.S. Department of Energy provides FCEL a $900K grant to produce a new system of distributed hydrogen production, part of $20M announced by the department to advance hydrogen production and delivery technologies.
- The technology would allow hydrogen to be generated where it is needed rather than at larger plants, reducing transportation costs and greenhouse gases that are emitted through the process.
Jun. 5, 2014, 1:06 PM
- Hyundai (HYMLF) will deliver its first hydrogen fuel cell-powered SUV in California next week.
- The launch comes despite the limited hydrogen refueling infrastructure in the state.
- Outside of the automobile industry, companies including FedEx (cargo tractors) and AT&T (server farms) have been dabbling with using hydrogen despite the lack of a national pipeline. Critics says demand could reach a tipping point.
- What to watch: If Hyundai's launch of a SUV hydrogen goes over better than expected it could be a positive for FuelCell Energy (FCEL), Ballard Power (BLDP) and Plug Power (PLUG). It also adds another layer to the engaging Toyota (TM) vs. Tesla Motors (TSLA) debate.
Jun. 4, 2014, 12:48 PM
Jun. 4, 2014, 9:13 AM
Jun. 4, 2014, 7:59 AM
- FuelCell Energy (FCEL) -12.8% premarket after FQ2 earnings and revenues fell short of estimates, with losses widening as expenses rose.
- Though FCEL has been stuck in the red, revenue generally has increased as cheap natural gas drove down power production costs and demand rose, but overall revenue fell 10% to $38.3M in FQ2; product sales fell to $27.7M from $34.4M a year earlier, while service agreements and license revenue totaled $7.2M from $4.1M.
- Gross margin fell to 4.2% from 5.5%, as product sales mostly were fuel cell kits and modules compared with higher margin complete power plant revenue in the year-ago period from the Bridgeport fuel cell park project.
- Backlog totaled $342.8M at the end of FQ2 vs. $326.9M at the end of the previous quarter.
- Issues in-line guidance for Q3, seeing revenues of $50M-$60M vs. $53M analyst consensus estimate.
- Also: PLUG -5%, BLDP -3.3% premarket.
Jun. 3, 2014, 6:16 PM
- FuelCell Energy (FCEL): FQ2 EPS of -$0.04 misses by $0.01.
- Revenue of $38.3M (-9.8% Y/Y) misses by $6.43M.
Jun. 2, 2014, 5:35 PM
May 28, 2014, 11:47 AM
- 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%).
May 13, 2014, 2:58 PM
- Plug Power (PLUG +7.2%) and FuelCell Energy (FCEL +8.1%) are bouncing back today after each produces announcements that keep the bears at bay, at least until PLUG issues its earnings report tomorrow morning.
- At a Wedbush conference, PLUG reaffirmed its FY 2014 guidance, expecting to ship more than 3K units, hit $70M in sales (vs. $65M analyst consensus estimate) and 25% gross margins; expects EBITDA to break even during Q2 and Q3.
- Meanwhile, FCEL said it won a new contract with Posco (PKX), South Korea’s largest steel maker and, Bloomberg notes, the company’s largest shareholder.
- Also moving up nicely: BLDP +6.6%, ZBB +3.7%.
May 13, 2014, 9:24 AM
- FuelCell Energy (FCEL) strengthens its relationship with POSCO Energy (PKX), with the companies set to work together to win multinational customers that express interest in projects in each others territory, and they'll further integrate their global supply chain.
- FuelCell has also sold 5.6 megawatts of fuel cell modules to POSCO Energy to meet growing Asian demand.
- FuelCell's shares are +3.5%. (PR)
May 2, 2014, 12:25 PM| May 2, 2014, 12:25 PM | 23 Comments
Apr. 30, 2014, 3:11 PM
- FuelCell Energy (FCEL +4.2%) is higher today after winning a contract to build and operate two 2.8 MW power plants in Connecticut for UIL Holdings' (UIL) United Illuminating.
- FCEL says one plant, on an unused landfill in Bridgeport, also will include ~5 MW of a solar photovoltaic system, and a second site will be determined in 30 days.
- The plants will be completed next year; financial terms were not disclosed.
FuelCell Energy, Inc. designs, manufactures, sells, installs and services stationary fuel cell power plants for distributed power generation. The company provides services in two primary markets which include ultra-clean power and renewable power markets. Its ultra-clean power market engages in... More
Sector: Industrial Goods
Industry: Industrial Electrical Equipment
Country: United States
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