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Tesla – Executive Exodus Continues

Tesla – Executive Exodus Continues

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The vision of countless homeowners and car aficionados, © Tesla

The bloodletting among the executive ranks at Tesla (Nasdaq: TSLA) continues. The carmaker’s general counsel stepped down only two months after taking the position and its chief financial officer, who had already been in this role once before, years ago, resigned as well, this time after two years. This doesn’t bode well. Tesla’s CEO, Elon Musk, at least managed to bring his billionaire friend and Oracle founder Larry Ellison on board. Ellison has bought Tesla shares worth over USD 1 billion, making him the automaker’s second-largest private shareholder, after Musk.

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Plug Power – Big Opening in Rochester

Plug Power – Big Opening in Rochester

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© wallstreet-online.de

On February 22, Plug Power (Nasdaq: PLUG) celebrated the Grand Opening of a new factory in Rochester in the United States. Reportedly, the site will create more than 180 jobs and produce as many as 400,000 membrane electrode assemblies, compared to a company-wide production of 10,000 in 2018. The big increase in capacity is thought to be achieved by using a technology that the manufacturer obtained by buying American Fuel Cell. Additionally, tests of courier vans have created high expectations.

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FuelCell Energy – Something Big Coming Up?

FuelCell Energy – Something Big Coming Up?

After a sharp decline, with high volumes being traded at prices as low as USD 0.40, the tide suddenly turned for FuelCell Energy (Nasdaq: FCEL). While trade volume increased even more, to 17.5 million shares, the price shot to USD 0.90 within a few days. Then, the tide turned again, and the shares fell to a new low. It’s almost as if the stock is part of a high-stakes gambling game. Who is in the know?

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Bloom Energy – Current Market Value a Good Opportunity

Bloom Energy – Current Market Value a Good Opportunity

Bloom
Bloom combines individual cells and stacks into large hybrid multi-MW solutions, © Bloom Energy

Bloom Energy (Nasdaq: BE), a manufacturer of fuel cell systems, is a new one for me to discuss on these pages. The company went public in July 2018, and after issuing shares at a price of USD 25 each, it went on to reach a market cap of above USD 3 billion, though it is valued at less than half of its IPO price today. It posted revenues of USD 742 million for 2018 and expects a steady 20 percent growth per year in the near-term future.

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Good and Bad News from Ballard Power

Good and Bad News from Ballard Power

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FCgen®-LCS stack, © Ballard

Ballard (Nasdaq: BLDP) had its very own October surprise, which caused the stock to take a nosedive. Though worse than expected, the USD 0.03 net loss per share and revenues of as little as USD 21.6 million weren’t to blame for the slump. Neither was the company’s low cash level of USD 23.2 million, reduced by inventory and AFCC asset purchases, nor the 2018 revenue target (more…)

Power Plant Deals by FuelCell Energy

Power Plant Deals by FuelCell Energy

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Dominion Energy in Bridgeport, © FuelCell Energy

Power purchase agreements are a central part of FuelCell Energy’s new corporate strategy. These agreements allow for long-term community purchases of electricity and energy. Not too long ago, the company concluded several contracts to that effect. One example is a 14.8-megawatt site in Derby, Connecticut. Meanwhile, it has been adding fuel cell power plants to its inventory as well, as it did last November (more…)