FuelCell Energy, Inc., together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation. The company is also involved in the development, design, production, construction, and servicing of fuel cell products under the Direct FuelCell name. Its power plants electrochemically produce electricity and heat using various fuels, including natural gas, biogas, methanol, diesel, coal gas, coal mine methane, and propane. The company serves utilities, independent power producers, and governments; and education and healthcare, gas transmission, industrial and data centers, commercial and hospitality, oil production and refining, wastewater treatment, food and beverage, agriculture, and landfill gas sectors. It has an installed base and backlog of approximately 300 megawatts. The company operates in the United States, South Korea, England, Germany, Canada, and Spain. It has strategic alliances with NRG Energy; POSCO Energy Co., Ltd.; The Fraunhofer Institute for Ceramic Technologies and Systems; and E.ON Connecting Energies GmbH. The company was founded in 1969 and is headquartered in Danbury, Connecticut.
Looks like this is the reason for the drop: FuelCell Energy (FCEL) Says Beacon Falls Energy Park Project Not Selected for New England Clean Energy RFP Source: http://www.streetinsider.com/Corpor...or+New+England+Clean+Energy+RFP/12162889.html
Tax season near end bottom on FCEL near, time to invest in FCEL! Cash exceeding market value! Carbon Capture tech will be big!
I've made some good gains the last couple of days. Got out too early, but making $ is better than losing $.
Getting some volume today: ~200 million shares floated, today on pace to trade 60 million which is 4x normal.
There's a good possibility, ER on 9/9 morning. So there's a catalyst to get a runup for the next 2 weeks.
There is demand in the background...but...this trading range looks like a picture of smart-money distribution to me. However, do need to see a big high-volume down-bar to confirm. Maybe the ER will provide that kind of supply.
I got burned when FCEL did the 12 -1 reverse split. Went from 200 shares down to 16 and to add insult to the injury it also cost me another transaction fee. If I had held onto those 16 shares they still would not have recovered enough to cover the losses. Things seem to be better after firing the CEO, but I still have doubts.
Sure, but it was also a good lesson to not believe all the hype. Still learning when to sell though. Lost out on Enphase by selling too soon. Bought at $4.00 and sold at $19.00. Good return but then it kept climbing to $137.00 as of today. Oh well, it's a gamble. Overall I'm ahead, so I don't feel bad about the losses.
