This stock is going wild since couple weeks. I had it on the watchlist but was never convinced about it.
The technology was lacking competitive efficiency as well as commissioning time at data center time. FCEL focus was heavily on CO2 absorption. Thats why I didn’t buy the breakout at $12.
What I missed though is the introduction of a modular Power Pack designed for shorter commissioning times onsite at data centers. The components are preinstalled and a the design modular means like it is easy expandable according the needs of the data center.
Before they were planned as individual power plants with commissioning times of about 18 months.
Therefore the stock is undergoing a rerating.
In this case I can’t give you a good entry. The entry were just worked off like the recent pullback. It just broke the former uptrend for a new trend. I would expect the stock rise further. The position will be started with 50% until a pullback chance arise.
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