FuelCell Energy, Inc. (NASDAQ:FCEL), Plug Power Inc. (NASDAQ:PLUG), and Ballard Power Systems Inc. (USA) (NASDAQ:BLDP) all produce different systems to ‘retain’ energy, using very different methods, and apply their technology to a wide range of applications from autos to appliances, but the one thing they all have in common is stationary systems to deliver energy to grids: government, commercial, corporate, and utilities.
Using electrochemically produced electricity from hydrocarbon fuels, such as natural gas and biogas, FuelCell Energy, Inc. (NASDAQ:FCEL) provides clean electric power generation primarily in South Korea, the U.S., Germany, Canada, and Japan. On Oct 10 the Company said announced the sale of a 1.4 megawatt power plant to Greenwood Energy and the power plant will be located on the campus of Central Connecticut State University.
This was a $2.20 stock at the beginning of April, seven months ago and dropped as low as $0.90 in late Sept, a discount to new buyers and aggregators of 59%; and that brought out the ‘Value Hunters’ with a strong Oct surge; the stock currently trading in the $1.02 range.
Ballard Power Systems Inc. (USA) (NASDAQ:BLDP) has had a similar run-up this month, trading on Oct 3 at $1.15, it is currently trading in the $1.34 range; a gain of 16.5% in three weeks. The Company focuses on motive power for material handling and buses, and stationary power like: back-up power, supplemental power, and distributed generation.
And at Plug Power Inc. (NASDAQ:PLUG) the story has been very positive and much the same: the stock was trading on Oct 4 in the $1.60 and is currently trading in the $2.23 range; a gain of 39% in three weeks. The Company sells hydrogen fuel cell low-temperature proton exchange membrane systems for motive and stationary power and a high-temperature fuel cell system for residential and light commercial co-generation.
As investment propositions, I like all three of these companies. They are in a “Growth Industry’ that recognizes weaknesses in electric energy and power providers that are constantly looking for ways to fill in the holes of a grid and when ‘the lights go out’ a way to ‘get them back on’ in a hurry. The ‘Clean Energy’ approach for all three companies could produce grants and subsidies in the future. Good prospects for shareholders looking at revenues and earnings.
I haven’t, don’t, and do not intend on holding any of the companies mentioned in this article.