Top 10 Small Cap Stocks For 2015: FuelCell Energy Inc.(FCEL)
FuelCell Energy, Inc., together with its subsidiaries, engages in the development, manufacturing, and sale of high temperature fuel cells for clean electric power generation primarily in South Korea, the United States, Germany, Canada, and Japan. The company offers proprietary carbonate Direct FuelCell Power Plants that electrochemically produce electricity from hydrocarbon fuels, such as natural gas and biogas. Its fuel cells operate on a range of hydrocarbon fuels, including natural gas, renewable biogas, propane, methanol, coal gas, and coal mine methane. The company also develops carbonate fuel cells, planar solid oxide fuel cell technology, and other fuel cell technologies. It provides its products to universities; manufacturers; mission critical institutions, such as correction facilities and government installations; hotels; and natural gas letdown stations, as well as to customers who use renewable biogas for fuel, including municipal water treatment facilities, br eweries, and food processors. The company was founded in 1969 and is headquartered in Danbury, Connecticut.
Advisors' Opinion:- [By Ben Levisohn]
FuelCell Energy’s (FCEL) rally is running out of fuel.
Shares of FuelCell Energy have dropped 7.8% to $2.59 today, a sizable dip even for a stock that has gained 84% so far this year.
FuelCell has been hit by a double-whammy of Jim Cramer, TheStreetSweeper and Toyota Motors (TM) today. The Street’s Andrew Meola has the details:
TheStreet’s Jim Cramer said on CNBC’s Mad Money that he would stay away from the stock. “These are just total rank speculation stories. I can’t go there,” he said. “I’ve got a lot of solid companies that have really good fundamentals that are inexpensive. I’m not going FuelCell.”
TheStreetSweeper also wrote an article on Wednesday to call FuelCell overvalued.
Toyota Senior VP of North America Bob Carter spoke at the JP Morgan Auto Conference and said filling up a tank of vehicles powered by hydrogen fuel cells could be rather expensive. He put a full tank of the clean-burning fuel at approximately $50, though he said the cost would eventually drop to $30, the approximate cost to fill up many high-mileage compact cars.
Here’s what TheStreetSweeper.org had to say about FuelCell:
Indeed, this is a company that is:
Poised to lose its biggest customer. Riding high on a misconceived notion. Selling stock. And we wouldn't be surprised to see more. Can't seem to scale. Losing money faster than you can say, "Fool cells." Sporting a completely unjustified market cap.We see stubborn challenges for the Danbury, Conn.-based company that makes and sells fuel cells that generate electricity.
Other fuel-cell companies are also feeling the pain today. Ballard Power Systems (BLDP) has dropped 1.5% to $3.86, while Plug Power (PLUG) has declined 0.9% to $5.80. Toyota Motor’s ADRs (TM) have fallen 1.2% to $115.61.
- [By Ben Levisohn]
Cowen’s Jeffrey Osborne and Thomas Boyes are impressed with Plug Power’s (PLUG) financial results, which are helping to boost Ballard Power Systems (BLDP) and FuelCell Energy (FCEL), as well:
- [By Tyler Crowe]
If you are looking at fuel cell stocks and wondering whether FuelCell Energy (NASDAQ: FCEL ) , Ballard Power Systems (NASDAQ: BLDP ) , or Plug Power (NASDAQ: PLUG ) will come out on top, just remember this: FuelCell Energy is the only one in this group that is betting solely on fuel cells as a means of power generation rather than energy storage.
source from Top Stocks For 2015:http://www.topstocksblog.com/top-10-small-cap-stocks-for-2015-2.html
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