FuelCell Energy: Not A Lot Of Faith This Can Be A Winner
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Andres Veurink205 FollowersFollow5ShareSavePlay(13min)CommentsSummaryFuelCell Energy (FCEL) remains unprofitable, with persistent negative margins and heavy share dilution despite revenue growth and some gross margin improvement.FCEL's product backlog is stagnant, and its inability to scale fuel cell sales raises concerns about future profitability and competitive positioning.Management's claims of significant operating expense cuts lack credibility, and insider selling further undermines confidence in FCEL's outlook.I rate FCEL a sell, as margin pressures, dilution, and a depleting backlog outweigh any perceived undervaluation based on book metrics. panaya chittaratlert/E+ via Getty Images Investment Thesis FuelCell Energy (FCEL) I remember being one of the supposed big ones in the green energy wave that occurred a few years ago. Its technology is fascinating and highly scalable, but the productionThis article was written byAndres Veurink205 FollowersFollowMy name is Andres Veurink and I have been in the financial markets for over a decade at this point, spending the majority of that in a hedge fund here in Rotterdam, working my way up as an analyst. My work relfect rigourious standards as I myself have a very high standard as to what I invest my money in. My preferred sectors to follow are tech, specifically SaaS and cloud business. I find these offer incredible growth opportunities and are also very fun to research and follow. It's a very active space with plenty of news coming out each week. Work is my own thoughs and research is done only by myself.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Recommended For You