Bloom Energy Cup and Handle BreakoutTLDR:
I believe that Bloom Energy is about to go through a massive adoption and growth period that will outshine the current geopolitical climate. Based on my cup and handle charting, I estimate that the lowest upgraded value for Bloom Energy's stock will be around $32. However, climate news will largely influence whether that value goes higher. Strong investor sentiment coupled with appropriate corporate growth measures could land a higher valuation closer to $50. Time will tell.
Prelude:
Given the recent discussions of hydrogen energy adoption amongst car manufacturers and energy suppliers alike, it seems most any solid oxide fuel cell company stands to benefit. It just takes time, especially in the face of so much post-covid geopolitical conflict.
Indeed, as Russia has likely anticipated, the Spring and Summer of 2023 will be decisive... but not in their favor. Political sentiment towards environmental remediation has grown among most Western and some Eastern nations. This means reduced reliance on fossil fuels, Russia's primary source of income. And while Bloom Energy still supplies products that can operate using hydrocarbon fuels, they're significantly more efficient than most other fossil fuel energy production methods. If one factors in the growing market adoption of carbon capture technology, it seems feasible for such devices to get retrofitted to Bloom Energy's solid oxide fuel cell stacks.
Bloom Energy has been developing its technology for as long as I've been mature enough to understand it. Their mission has always been to produce cleaner energy as we transition from our dependence on fossil fuels. Our grid will need modular systems with flexible fuel sources like Bloom Energy's while we stabilize battery production and implementation. Wind and Solar will remain, nuclear will grow, but fossil fuel powerplants are likely on their last few decades. Solid oxide fuel cells can replace powerplants before nuclear energy growth and battery integration on the grid happens.
Disclaimer: This is not investment advice and I am not certified in any finance field to offer investment advice. I have a B.S. in Chemistry and am pursuing a Ph.D. in Mechanical Engineering. I have taken one high-school-level economics course. These words are purely speculation and should not be acted upon. Any investment activity you undertake after reading this description is done by your hand, and your hand alone. You are liable for your actions after reading this post. I am not telling you to invest in or against any stocks or sectors discussed above. Be Safe!
NYSE:BE
Fuelcell
Plug PowerThis is a 2-month chart (each candle represents a 2-month period) of Plug Power (PLUG). For those who are not already familiar, PLUG is an alternative energy company that develops and manufactures hydrogen fuel cell systems.
I recently added PLUG to my portfolio as a long-term investment. In my opinion, it has one of the best long-term charts of any stock right now in terms of the potential for outsized gains in the future. I will explain my reasoning below.
Chart Analysis
The 2-month chart below shows the entire price history of PLUG.
Throughout much of its history, PLUG was resisted by the EMA ribbon (yellow and red lines). The EMA ribbon is a collection of exponential moving averages that act as resistance when price reaches it from below and support when price reaches it from above.
If we zoom in (see below), we can see that the EMA has tightened together and PLUG's price is now sitting right on the ribbon. When moving averages tighten like this, they can act as fairly strong support when the price falls to the moving averages from above.
Each time PLUG's price has fallen below these moving averages buyers have stepped in, thus causing lower wicks to form. This suggests the market is validating the support of these moving averages.
We can see in the chart below that the moving averages held as support even as the Stochastic RSI oscillated down. This is bullish.
Indeed, PLUG is forming a bull flag pattern on the log-scale, higher-timeframe chart. A bull flag of this nature can signal a potentially lucrative investment opportunity.
For those who read my post on using the money supply to gauge whether an asset is wealth-building, you would know that before entering a long-term investment position in PLUG one should first analyze the asset's chart relative to the money supply. (I've linked to this post in the related ideas below)
In the above chart, we see the performance of PLUG relative to the money supply (M2SL). This chart tells us that throughout much of its history, PLUG was a wealth-losing investment asset since the stock's price moved down over time relative to the money supply. The EMA ribbon largely acted as resistance.
However, the chart above shows that the moving averages are tightening together and that PLUG's price is consolidating within these tightening moving averages. This is a quite bullish sign. If a breakout occurs, an investment in PLUG could prove to be quite lucrative.
In the chart below, I apply Fibonacci levels to the length of the pole that forms the bull flag. We can see a perfect Fibonacci retracement is occurring, as price is finding support at the 0.618 level on the log-adjusted chart.
If the bull flag breaks out and a full Fibonacci spiral occurs, PLUG's price can move dramatically higher in the months and years to come.
In the below chart, I construct the Fibonacci levels using the all-time peak to all-time low. I drew projection arrows to show two plausible growth possibilities.
On a more complex, mathematical analysis, PLUG appears to be priming itself to "jump S-curves".
For a more in-depth analysis on what "jumping S-curves" means, you can read my post on the topic linked below. In short, I explain that price action can be graphically represented as a logistic function. Jumping an S-curve occurs when an inflection point is reached whereafter price begins to explode higher at a nearly exponential rate.
When the price of a company's stock jumps S-curves, there is usually some major impetus with regard to its earnings or profitability that occurs. For PLUG, that impetus could be hydrogen finally becoming a cost-effective form of energy. Hydrogen power is poised to benefit from multiple tailwinds in the years ahead: (1) Higher energy costs are driving capital into the development of alternative energy forms; (2) The transition to sustainable energy will drive investment capital into alternative forms of energy, including hydrogen fuel cells; (3) As hydrogen fuel cells gain massive adoption hydrogen power will become more cost-competitive.
My strategy with PLUG is to accumulate shares in my brokerage and retirement accounts up to a certain defined percentage. I can only ever lose 100% of that defined percentage of my portfolio if I am wrong, but if my analysis is right, the gains may reach as much as 8,000% over the course of years. I know most people on here trade on much shorter timeframes than years, but my opinion is that the greatest wealth-building occurs by staying invested over the long term.
Below are some interesting comparable charts. PLUG's current chart looks similar to Monster's chart in 2000 and AMD's chart in 2018.
What's remarkable about these charts is how little of an effect even recessions had on the stocks' price movements. In the case of Monster, its price remained generally flat, despite the S&P 500 experiencing major declines during the early 2000s recession. In the case of AMD, one of the worst stock market crashes in history (March 2020) is barely apparent on its chart. This lends hope that even if the U.S. or global economy experiences a recession in the years ahead and the S&P 500 declines, perhaps stocks like PLUG will be less affected.
To learn more about hydrogen energy including its advantages and disadvantages, you can check out this video from Bloomberg Quicktake:
www.youtube.com
As always, trade at your own risk. Anything can happen and my analysis can prove completely wrong. Feel free to leave constructive thoughts in the comments below. Thank you.
FCEL? More like FBUY!FuelCell Energy
Short Term
We look to Buy at 4.29 (stop at 3.84)
Previous resistance at 4.40 now becomes support. A higher correction is expected. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Buying pressure dominated price action yesterday and we expect this to continue today.
Our profit targets will be 5.79 and 6.28
Resistance: 5.90 / 6.94 / 11.55
Support: 4.40 / 3.20 / 3.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Fuelling up for a bigger move? FuelCell Energy
Short Term
We look to Buy at 3.35 (stop at 3.04)
Previous support located at 3.35. A higher correction is expected. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Buying pressure dominated price action yesterday and we expect this to continue today.
Our profit targets will be 4.24 and 4.68
Resistance: 4.30 / 4.76 / 6.94
Support: 3.20 / 3.00 / 2.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
ADN most undervalued fuel cell and hydrogen technology play !Today i`ll share with you one of my private signals.
ADN Advent Technologies Holdings an innovation-driven leader in the fuel cell and hydrogen technology sectors has signed a technology assessment, sales, and development agreement with Hyundai Motor Company.
Remember last year`s rumor that Hyundai-Kia were close to finalize a deal to build the autonomous Apple car?
What if the deal is finalized and ADN`s fuel cell and hydrogen technology is in the Apple car????
This can be an easy 10X stock.
Last year The Goldman Sachs Group had a price target of $20.00 for ADN!
Looking forward to read your opinion about it.
FuelCell to Break Lower? FuelCell Energy
Short Term - We look to Sell at 5.36 (stop at 5.86)
The primary trend remains bearish. A break of 5.50 is needed to confirm follow through negative momentum. Closed below the 50-day EMA. We look for losses to be extended today.
Our profit targets will be 3.69 and 3.12
Resistance: 7.00 / 8.00 / 11.50
Support: 5.50 / 3.50 / 2.50
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
FuelCell Energy $FCEL - EV Infrastructure Opportunity Trading Options, Buying Calls. This & #plugpower $PLUG look like great #valueinvesting plays. Biden's "Buy Ametrican Act" paired with a rising rates environment make them prime candidates for future success. Avoid the FOMO storytelling adventures like $SHIB $TSLA $RIVN $AMZN *made in China #stonks
GL
Go #cannabisreform $KERN CEO - USCC Chair
$FCEL Trending and technicals look goodFuel Cell Energy has been gaining Twitter MOMO but technically, it is forming a rounded bottom curling and up +7% today as it appears to be coming out of a nice consolidated accumulation base.
An idea would be to go long with a starter size and build position with first PT at resistance zone $10.27
QQE and MACD , trading above 21 EMA : Bullish Confluence
Check @jeffreytesterman Idea for the fundamentals : )
$FCEL FuelCell Energy could be the play of the decade!!FuelCell has been making some major moves!
This could be the one!
"Beginning in 2012, FuelCell entered into a partnership with ExxonMobil, removing carbon dioxide from the exhaust of Exxon’s power plants and locking it in the ground through a process called carbon capture and sequestration (CCS). In 2019, the two companies expanded their joint-development agreement, with a focus on enhancing carbonate fuel cell technology for the purpose of capturing carbon dioxide from industrial facilities.
In 2017 FuelCell entered an agreement with Toyota to develop a facility at Long Beach, California. The Tri-Gen system will convert California agricultural waste into 2.35 megawatts of electricity and 1.2 tons of hydrogen per day. The hydrogen will be used in Toyota Mirai sedans and heavy-duty trucks in short-distance fleets.
Also in 2017, FuelCell was tapped by the Office of Naval Research to provide assistance on the Large Displacement Unmanned Undersea Vehicle (LDUUV) program. The LDUUV is a large unmanned submersible with a planned 70 day plus endurance that would allow the LDUUV to be based at a pier like a traditional submarine instead of requiring a dedicated launch and recovery platform.
In 2018, FuelCell Energy earned a $1.5 million research grant from the U.S. Department of Energy (DOE) to develop the company’s fuelcell technology to aid the nuclear industry by converting excess power back into hydrogen. That same year, FuelCell began the construction of two plants in Hartford and New Britain as part of a clean energy procurement process for the Connecticut Department of Energy and Environmental Protection (DEEP).
In November 2018, FuelCell acquired a 14.9-MW fuel cell project in Bridgeport, Connecticut from Dominion Energy for $37 million. FuelCell had developed, built and been operating the plant since 2013. The plant is powered by five FuelCell stationary fuel cell power plants and an organic rankine turbine that converts heat from the fuel cells into additional electricity, which is sold to Connecticut Light & Power.
In 2019, FuelCell entered an agreement with Drax Power Station in the UK. FuelCell will support a study to evaluate the use of the company’s carbonate fuel cells to capture carbon dioxide emissions from Drax’s biomass boilers, which generate power with sustainable wood pellets sourced from responsibly managed forests.
In August 2019, Jason Few was named FuelCell’s new president and CEO. Prior to FuelCell, Few was president of cloud-based software waste and recycling optimization company Sustayn.
In May 2021, FuelCell Energy signed an $8 million contract with the DOE. The DOE program is focused on developing system approaches to achieving ultra-high electrical efficiency with solid oxide fuel cell (SOFC) technology. It will allow FuelCell to continue research and development toward commercialization of SOFC.
In June 2021, FuelCell completed construction on a biofuels fuel cell project with the city of San Bernardino Municipal Water Department (SBMWD). The SureSource 1500 plant treats the city’s anaerobic digester gas to produce electricity and thermal energy to support the county’s water reclamation plant. As part of the agreement, SBMWD purchases electricity from FuelCell Energy. "
$PCELL break in market structureThese companies in the hydrogen bussines took serious hits after massive runs seen last year, to me they dropped enough to look for positions.
Took a postion based on the higher low, now looking for that higher high to confirm HTF break in marketstructure.
Will add on break of local high.
Very bullish for these kind of diruptive technology, market for renewables is going to explode this decade.
$FCEL Target 19.90 for 44.94% $FCEL Target 19.90 for 44.94%
Or next add level is at 7.56
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
Plug Power | Important PositionAfter a long time, it is time for another $PLUG TA. It is an important week for the fuel cell manufacturer, as the company is estimated to report earnings on coming Thursday, May 20th 🔌🚀
Just to reflect on the chart of last months, since the 26th of January, $PLUG was unfortunately not able to get any higher highs. Completely reasonable, as the stock had to cool off after a period of massive gains. But the stock plunged in these last three months with lower lows, followed by lower highs at all times. Bad news made it even worse for Plug Power, such as a slower than expected adoption of hydrogen fuel cells, a delay in publishing its financial report, a filed shareholder lawsuit, weaker than expected Q1 targets, and profitability which is a problem that exists for such a long time. On the 11th of May, $PLUG stock even dropped below the $20 PPS. However, it recovered a little bit and is currently trading at PM for $24.19 PPS. A higher high is a must at this point to even start talking about a forming bottom at $18.47 and further recovery. First target will be around the $30 PPS where a higher push is needed than the 29th of April’s high. Otherwise, it is highly possible that the stock could go down even further.
But it looks like the sun will shine again after the storm. Plug Power is planning to expand its businesses in Asia through a joint venture with previous investor SK Group, multiple collaborations like with BAE systems, and lots of analysts are rising their average price target for $PLUG. In addition, the stock is also oversold on the RSI on the daily chart with a possible bullish MACD cross, which would normally indicate a ‘buy-in opportunity’. On the other hand, Barclays’s analyst Moses Sutton actually lowered the price target from $29 to $24, and the stock is below the 200MA and even the 50MA. In the end we will have to see in the coming weeks where $PLUG is heading towards to, as things are not stable yet. 'Would love to see a rounding bottom pattern though 😅
PLUG- Future of hydrogen clean energy is uncertainPLUG is arguably the leader of hydrogen fuel cell company. However, there are several concerns that need to be addressed.
#1. Hydrogen clean energy is still at the proof-of-concept stage and the natural gas industry seems to be its biggest advocate. Hydrogen gas is emission-free only if it's made by electrolysis from renewable energy.
#2. Currently, major renewable technologies include hydroelectricity, solar PV and wind power. Unlike solar and wind power, hydrogen doesn't occur naturally and needs to be manufactured from natural gas. This means that the significant time and cost will go toward setting up expensive infrastructure, storage and distribution networks making hydrogen power much harder and much more expensive to scale compared to solar and wind.
#3. Personal transport is one of the biggest application of the hydrogen, yet FCEV (Hydrogen) is steadily losing ground against BEV (Battery Electric Vehicle). The falling battery price and EV tax credit will only accelerate the adoption of EV, further widening the gap between FCEV and BEV.
#4. Sky high valuation and recent accounting issues.
I'm ambivalent toward PLUG and other fuel cell companies in general. However, I think it is a speculative bet and a good candidate for the swing trade given that one of the focuses of Biden's 2.25 trillion infrastructure plan is renewable power and that investors just love to throw their money on anything related to green energy due to the global decarbonization initiative that aims to reduce the CO2 emission by 50% in 2030.
I would initiate a small long position inside the demand zone. Conservative play is to set the target at the daily POC and exit completely. Alternatively, you can sell 50% and keep the remaining position as the potential long-term holding.
Do your own research. Not the investment advice.
ZINC8 ready for next direction*** This is just for educational purpose. It is not an investment advice. I am just sharing my own analysis.
Thanks for watching. Follow if you like.