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$FCEL The Future Of Clean EnergyOver the past week, the stock of the Connecticut-based fuel company FuelCell Energy, Inc. (NASDAQ: FCEL) climbed nearly 40%. News regarding development in the company’s collaboration with Toyota Motor Corporation (NYSE: TM) and its other partnership with Exxon Mobil Corporation (NYSE: XOM) were two major catalysts driving the stock in the last few days. Furthermore, one of the biggest investment companies in the US BlackRock, Inc. (NYSE: BLK) increased its stake in FCEL last week. With the company expecting its Toyota plant to start operating in Q3 of this year while anticipating its Derby, Connecticut power grid one to start operating in Q4, FCEL stock could continue its rally going into the latter half of the year. FCEL Fundamentals With rising concerns about climate change, cutting emissions and energy transitions is one of the world’s current biggest challenges. Enter FCEL, the company that manufactures and operates fuel cell power plants, especially hydrogen ones. The idea of hydrogen production is using natural gas or renewable biogas, to produce hydrogen, power, and water through a trigeneration platform or by a solid oxide platform where water is split into oxygen and hydrogen which can be stored as compressed gas for future use. Despite hydropower forming only 6.4% of different sources of energy used to fulfill energy demand in 2020, the demand for hydrogen is expected to grow to 500–680 million metric tons (MT) by 2050 compared to 87 MT in 2020. The demand for hydrogen and other clean sources of energy might increase even further due to the European Union’s proposed approximately $270 billion program that would offer tax breaks for businesses investing in net-zero technology. Moreover, the market size of hydrogen production has been valued at $155.35 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 9.3% from 2023 to 2030. With this in mind, FCEL could witness a surge in its demand long term. Partnering with Anaergia Inc, FCEL is set to receive natural gas from the company’s subsidiary SoCal Biomethane, LLC to produce hydrogen and electricity using FCEL’s trigeneration platform for Toyota Motor Corporation’s (NYSE: TM) Logistics Services Center at the Port of Long Beach in California. The facility is Toyota’s largest port operation handling import/exports for North America and processes about 200,000 vehicles per year, where it will be powered by FCEL’s hydrogen fuel cells which will produce a net of 2.3 megawatts of electricity. Moreover, FCEL will produce approximately 1.3 tons of renewable hydrogen per day to fuel Toyota Mirai which is Toyota’s hydrogen fuel cell vehicle. The global hydrogen fuel cell vehicle market size was valued at $0.92 billion in 2021 and is projected to reach $43.2 billion by 2031, growing at a CAGR of 45.5% from 2022 to 2031. With this in mind, FCEL could prove itself as a magnate in this aggressively growing market if its partnership with Toyota bodes well. Alongside hydrogen production, FCEL offers carbon capture services where its platforms can capture carbon emissions from the exhaust streams of coal or gas-fired power plants that can be recycled by being sold or used for industrial processes while simultaneously producing clean power. This technology is to be demonstrated in one of Exxon Mobil Corporation’s (NYSE: XOM) facilities after FCEL secured an order from the Texas-based oil and gas company. The demonstration project is expected to be a full-scale prototype of the modules utilized in large-scale systems for industrial and commercial point source carbon capture applications. However, ExxonMobil hasn’t made a final investment decision yet, but the company stated that the order is a crucial step in equipment procurement and module engineering work. Using its carbon capture platform, FCEL is set to provide enhanced grid resiliency, reliability, and low carbon power to the Connecticut power grid as the company is currently constructing a plant in Derby, Connecticut. This 14-megawatt installation will be the second largest installed fuel cell platform in the US, only falling behind FCEL’s other 15-megawatt platform in Bridgeport, Connecticut. The company expects commercial operations to begin in Q4 2023, which could boost FCEL’s stock price upon operation. In other news, BlackRock, Inc. (NYSE: BLK) – the New York-based multinational investment company – has its stake in FCEL shares by 8.59% at the start of May. Blackrock now owns 10.3% of FCEL with 41.6 million shares which is an increase from 38.3 million shares back in January and a 0.8% increase in ownership. As a result, the FCEL stock forecast could be promising having the backing of one of the biggest investment companies in the US. FCEL Financials In its Q1 2023 report, FCEL reported $892.3 million in assets, including $315 million in cash and cash equivalents. FCEL witnessed a decline in its assets from $939.7 million, including a decline in its cash and equivalents from $458 million in Q4 2022. FCEL’s liabilities shrank QoQ from $185.3 million to $157.1 million as its current liabilities decreased from $85.8 million to $66 million while its long-term debt decreased from $82.8 million to $81.5 million. For the three months ended January 31, FCEL revenues grew YoY from $31.7 million to $37 million, while its gross profit increased from a loss of $2.8 million to a profit of $5.2 million as its cost of revenues decreased from $34.6 million to $31.8 million. Moreover, FCEL’s operating loss shrank YoY from $44.8 million to $22.4 million. Finally, FCEL’s net loss also shrank YoY from $46.1 million to $21 million. Technical Analysis FCEL stock’s trend is bullish as it is currently trading in an upwards channel. Looking at the indicators, FCEL stock is currently trading above the 21 MA, 50 MA, and 200 MA which is a bullish sign. The RSI is approaching overbought at 60 and the MACD is bearish. Fundamentally, FCEL stock’s most recent catalysts are more news regarding its collaboration with Toyota and its other one with ExxonMobil, in addition to Blackrock increasing its stake in the company. FCEL stock has two upcoming catalysts which are the expected commercial operation of its trigeneration platform in Toyota’s Logistics Services Center in Q3 and the expected commercial operation of its carbon capture platform in the Derby, Connecticut power grid plant. FCEL stock price is expected to increase in light of these catalysts. A possible entry point would be at current price as it’s currently testing the lower trend line, taking profit on testing the upper trend line, while leaving a tail anticipating the expected operation of its platforms in Q3 and Q4. FCEL Forecast After partnering with Anaergia Inc, FCEL is set to receive the necessary natural gas that will be used to produce hydrogen and power through its trigeneration platform, which is expected to operate in Q3 of this year for Toyota’s Logistics Services Center. Furthermore, FCEL secured an order from ExxonMobil and is set to demonstrate its carbon capture platform in one of its facilities. FCEL is also constructing a carbon capture platform that is set to power the Derby, Connecticut power grid which is expected to start operation in Q4 of this year. Based on these reasons, the FCEL stock forecast could be bullish for the rest of 2023. Finally, the European Union’s $270 billion program offering tax breaks for businesses investing in net-zero technology could further increase the rising demand for hydrogen fuel cells making FCEL stock an exceptional long-term investment.
NASDAQ:FCELLong
by Penny_Stocks_Today
1
FCEL: Squeeze CandidateWhen a stock has a parabolic move, the pullback tends to be unrelenting but nevertheless organized in a way that presents regular squeeze opportunities. The pullback can lead to an "echo" pop (sometimes before the stock eventually disappears altogether) - or even new all-time highs down the line. It is a pattern to watch for. GME had a similar pattern in 2021 on the hourly chart. The decline will initially hold the most aggressive moving average, with multiple tests along the way. Then at some point the frequency of the tests will increase or a consolidation just below it will occur where upon the pop will come. A necessary second close above that line will show whether the move has some legs. Often the first test of any strong MA trend, as discussed here, will fail on the second period candle - which presents a good short opportunity with an obvious stop. The decline may resume but the force of the first moving average will waver and the next moving average will characterize the active resistance level. More tests of this second MA will ensue in a similar way to the first, with the familiar omens suggesting the approaching timing of a pop, like the first. Consolidations between moving averages like the one on GME (between the 20 and 50) are particularly good because they present a clear breakout level or pattern failure. Similarly, when price trades in an organized range directly below or directly above the relevant MA, then that is also a good tell that the stock is being accumulated for manipulation higher. The relevant consolidation will look atypical to the previous tests of the MA, because it obviously won't be rejected in the way as previously shown by that level (i.e. such as trapping one period candles noted earlier). FCEL's decline has consistent characteristics to this organized pattern and looks ready for a pop. It is also notable for its similar long-term pattern. First level of interest is close however at 4.10. But then the levels to open up to 4.8, 5.8, and 13-14 for the immediate time horizon.
NASDAQ:FCELLong
by gkm
Fading into FCEL bear flag.FuelCell Energy - 30d expiry - We look to Sell a break of 2.79 (stop at 3.01) The primary trend remains bearish. Price action is forming a bearish flag which has a bias to break to the downside. A break of the recent low at 2.86 should result in a further move lower. Our outlook is bearish. There is no clear indication that the downward move is coming to an end. Our profit targets will be 2.24 and 2.14 Resistance: 3.25 / 3.40 / 3.80 Support: 3.00 / 2.77 / 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.
NASDAQ:FCELShort
by Saxo
FCEL 7/11/2022FCEL Running out of energy FCEL Daily chart analysis. This one has been in a downtrend for quite some time. Price reached low of 3.00 Price bounced but ran into Resistance at 4.35 and the 50ema is also acting as Dynamic Resistance. Price has currently pulled back to both the Resistance levels mentioned above. At the pullback, we have a Bearish price rejection at resistance. The Stochastic is currently Overbought Again, it doesn’t get old Downtrend + Pullback to resistance + Overbought Stochastic = Short trade entry Entering trade short Entry: 4.03 Stoploss: 4.60(-14.14%) Target: 3.00, +25.56%, 1.81 RR ratio
NASDAQ:FCELShort
by rudcharts
2
Selling FCEL 50% pullback.FuelCell Energy - Intraday - We look to Sell at 4.33 (stop at 4.61) Price action continued to range between key support & resistance (3.15 - 4.40) and we expect this to continue. Daily signals are bearish. Preferred trade is to sell into rallies. Levels close to the 50% pullback level of 4.34 found sellers. 4.39 has been pivotal. Our profit targets will be 3.61 and 3.21 Resistance: 3.80 / 4.00 / 4.40 Support: 3.25 / 3.15 / 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.
NASDAQ:FCELShort
by Saxo