Apr. 30, 2014, 9:11 AM
Apr. 29, 2014, 9:12 AM
Apr. 28, 2014, 12:27 PM
- Shares of fuel cell plays such as Plug Power (PLUG -13.6%), Ballard Power (BLDP -1.9%) and FuelCell Energy (FCEL -4.2%) are lower, possibly related to negative commentary from Global Equities Research's Tesla analyst, Trip Chowdhry, who says fuel cell cars are a "complete failure" and a "non-event... not a viable source of fuel for automobiles."
- Fuel cell infrastructure is "non-existent," and in for battery-in-motion scenarios in cars, the hydrogen gas needs to be compressed to 5,000 lbs. of pressure so as to fit in the cylinder, the analyst says.
Apr. 23, 2014, 11:55 AM
- Plug Power (PLUG -7.7%) earlier this morning tripped a Nasdaq short-sale circuit breaker following news late yesterday that it was selling an additional 15M common shares, sending shares nearly 8% lower.
- ~30% of PLUG’s shares are sold short, according to FactSet.
- Shares haven't been helped by a disclosure that the company sees Q1 revenues approximately at or moderately higher than the mid-point of previously announced guidance of $5M-$6M.
- Ballard Power (BLDP -0.1%), which supplies PLUG with its fuel cells, and FuelCell Energy (FCEL -1.5%) also are lower.
Apr. 21, 2014, 8:57 AM| Comment!
Apr. 14, 2014, 2:19 PM
- Early gains in Ballard Power (BLDP +0.7%) are fading, as Cowen starts coverage of BLDP at Market Perform with a price target of $3.75, slightly below the stock's close at $3.93 last week, as the firm notes some key positives.
- BLDP and Volkswagen have a multi-year contract which might be good for C$60M-C$110M in revenue, and a partnership with Anglo American Platinum targets developing home generators for South Africa.
- Cowen is looking for a FY 2014 loss of $0.07/share and a 2015 loss of $0.01/share, while seeing respective '14 and '15 revenue of $80M and $97.5M.
- After early gains, other alternative energy stocks are mixed: PLUG +1%, FCEL -0.8%, HYGS -3%, ZBB -1.1%.
Apr. 11, 2014, 3:59 PM
- FuelCell Energy (FCEL -0.4%) expects to sign its first contract for a megawatt-scale project in Europe this year, according to a Bloomberg interview with CEO Chip Bottone.
- FCEL built a 250 KW plant in London to showcase the technology and will complete another one of comparable size within a few months, the CEO says; FCEL is talking to potential customers there and in Germany and Italy.
- Shares jumped ~2% on the initial news before flattening.
Apr. 9, 2014, 10:18 AM
- FuelCell Energy (FCEL +2.9%) moves higher as a New Energy World Network story discusses a $3M award from the Department of Energy to accelerate the development of fuel cells being used for heat and power.
- The award apparently is in addition to FCEL's March 7 news of a $2.8M continuation of a DoE award to showcase the tri-generation capabilities of a Direct FuelCell power plant for industrial applications.
- A new blog from Mitu Anand says FCEL’s recent drop presents a big opportunity for investors since the company is posting "solid" growth numbers.
Apr. 8, 2014, 10:17 AM
- Plug Power (PLUG +3%) CEO Andrew Marsh tells Bloomberg the company is discussing plans to expand fuel cell usage into different areas, such as airport support vehicles and refrigerated tucks, while expanding its presence with trucks and forklifts.
- Growing demand for cleaner forklifts has helped boost PLUG shares more than 1,000% in the past six months, and the company expects orders to almost quadruple this year to ~$150M, but Marsh says forklifts are only a niche to sustain the company; now the CEO wants to expand into new areas where fuel cells can compete with electricity from fossil fuels.
- Other alternative energy names are getting a moderate lift: BLDP +2.4%, FCEL +1.1%.
Mar. 27, 2014, 6:30 PM
- GE engineering chief Vlatko Vlatkovic says the company has studied fuel cell technology and sees only a limited, niche product: "It’s almost impossible to do a good fuel cell without platinum as a catalyst... Very little goes in, but if you scale it up, there’s not enough platinum in the world."
- Battery names were mostly higher in today's trade: FCEL +0.8%, PLUG +6.8%, BLDP +5%, ZBB -3.1%.
Mar. 26, 2014, 12:46 PM
Mar. 26, 2014, 10:11 AM
- Steep early declines in volatile Plug Power (PLUG -11.7%) and FuelCell Energy (FCEL -8.2%) triggered a Nasdaq short-sale circuit breaker.
- PLUG soared ~50% yesterday on a report that the CEO said it signed an additional order in North America with a "global automaker," but the news apparently wasn't news at all; the order was first mentioned in the company's earnings conference call on March 13.
- The only unknown is the name of the automaker and size of the deal, although earlier rumors had pointed to Volkswagen, with PLUG providing fuel cells for factory forklifts.
- ~20% of those holding PLUG shares are short, and ~12% of FCEL's investors hold their shares short.
Mar. 25, 2014, 2:56 PM
- Plug Power (PLUG +30.3%) spikes higher after CEO Andy Marsh tells MarketWatch the company plans to announce a new major deal with a "global automaker" in the next two to three weeks.
- Marsh also expects another GenKey deal similar to the one with Wal-Mart sometime this year; shares have whiplashed since announcement of a contract to supply fuel cell units to Wal-Mart in late February and a Citron Research piece that said PLUG would be fairly valued at 50 cents.
- PLUG already was moving higher from a positive article by Value Investor Right Now, which outlines a case for why shares are headed to $14.
- Other battery names are higher too: BLDP +16.7%, FCEL +10.7%, ZBB +9.8%.
Mar. 17, 2014, 9:09 AM
Mar. 14, 2014, 12:29 PM
- High-flying fuel cell names are sputtering after two research firms downgraded Plug Power (PLUG -5.4%) earlier today; FuelCell Energy (FCEL -6.7%) and Ballard Power (BLDP -0.6%) also are lower.
- Roth Capital thinks bookings still appear set to grow at a rate that exceeds historic levels, but much of that growth is already reflected in the stock; the firm also warns that some of PLUG's shipments could be delayed because most of its products are being shipped to customers that still have to add hydrogen infrastructure, which could take longer than expected.
- Cowen mentioned that the broader segment was getting a little rich: "Fuel cell and hydrogen-related companies are trading in a range of 2.9-8.2x EV/2015E sales... PLUG is at the high end, consistent with 2015E sales growth of 100% (vs. 19-39% for peers)."
- ZBB Energy (ZBB), which announced a 5.5M-share public offering at $2.25/share, is -22%.
Mar. 13, 2014, 9:17 AM
FCEL vs. ETF Alternatives
Fuelcell Energy Inc is an integrated fuel cell company. The Company designs, manufactures, sells, installs, operates and services ultra-clean, highly efficient stationary fuel cell power plantsfor distributed power generation.
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