FuelCell Energy Inc. (FCEL) stock leaps on great Q3 figures

Posted on: September 7th, 2011
Written by:

FuelCell Energy Inc. (Nasdaq: FCEL) sprang in price 20.4% Wednesday to $1.24, on exciting third-quarter sales figures. Volume for the stock more than doubled its daily average at 4.5 million shares ahead of noon ET.

A news release out Sept. 6 told the investing world that the Danbury, Ct.-based FuelCell reported total revenues for the third quarter of 2011 of $31.2 million compared to $18.9 million in the same period last year, an increase of 65 percent. Product sales and revenues in the third quarter were $29.4 million compared to $16.2 million in the prior year quarter, due to increased demand for Direct FuelCell(R) (DFC(R)) power plants.

Product sales and revenues for the third quarter of 2011 included $21.2 million of power plants and fuel cell kits, $5.5 million primarily from installation services and revenue from the 100 kilowatt (kW) joint development agreement with POSCO Power, and $2.7 million from service agreements.

The Company generated a gross profit for the third quarter of 2011 from products and services of $0.2 million, an important milestone on the path to profitability and the first quarterly gross profit since commercializing its DFC technology.

The same release quoted FuelCell CEO Chip Bottone, “The team at FuelCell Energy achieved an important milestone this quarter by generating a gross margin for the first time since we began the commercialization process of Direct FuelCells.

“We are executing our revenue growth plan and benefitting from operating leverage that is driving down costs. We have record product and service backlog of $230.6 million and we are producing at a record rate as our Operations Group, led by Tony Rauseo, Chief Operating Officer has substantially increased our production run rate to a level of 56 megawatts annually compared to 22 megawatts of production for fiscal year 2010,” Bottone concluded.

Direct FuelCell(R) power plants are generating ultra-clean, efficient and reliable power at more than 50 locations worldwide. The Company’s power plants have generated over 850 million kWh of power using a variety of fuels including renewable biogas from wastewater treatment and food processing, as well as clean natural gas.

no comments

Blue Sphere Corp. (BLSP) shares skyrocket on new line of credit

Posted on: August 22nd, 2011
Written by:

Blue Sphere Corp. (OTCBB: BLSP) shares traveled 18.3% higher to 14.9 cents, on announcing the signing of a $20,000,000 Equity Funding Facility with Centurion Private Equity, LLC. Volume for the stock was 13,300 shares in the final hour of Monday’s trading, compared to an all-day average of about 23,400.

A news release posted August 22 said that under the Equity Funding Facility, the Company may, at its discretion, periodically sell to Centurion shares of BLSP’s common stock at a price based upon a discount to the market price (as defined in the investment agreement) of the Company’s common stock.

Shlomi Palas, Blue Sphere’s Chief Executive Officer, was quoted thus in the release: “Thanks to the efforts of JSBarkats PLLC, our corporate securities attorneys and, specifically, Sunny J. Barkats, its founding partner, we were able to identify and secure this financing that allows the Company to access some liquidity to be used for developing and expanding our business.”

The Israel-based Blue Sphere develops projects for greenhouse gas emission reduction and renewable energy production. The Company intends to become a key player in the global carbon reduction market, helping enterprises with high pollution emissions achieve their green goals.

no comments

GreenShift Corp. (GERS) strikes deal, stock jumps

Posted on: August 16th, 2011
Written by:

GreenShift Corp. (OTCBB: GERS) doubled in price to two-100ths of a cent Monday morning, on word of a new licensing and installation agreement. Volume for the stock was six million shares. By late afternoon trading Tuesday, Greenshift stock had given back 50% of the gains.

A news release issued August 15 declared that the company, based in Alpharetta, Ga., announced today its execution of a license agreement with Advanced BioEnergy LLC and the successful commissioning of GreenShift’s patented corn oil extraction technology at Advanced BioEnergy’s 110-million-gallon-per-year ethanol plant in Fairmont, Nebraska.

Under the terms of the agreement, GreenShift has designed and assisted Advanced BioEnergy with the construction of a system based on GreenShift’s patented corn oil extraction process. The system includes use of two Alfa Laval Disc Stack Centrifuges for maximum performance. In addition, GreenShift will provide Advanced BioEnergy with ongoing technical support to maximize the performance and benefits of the new corn oil extraction system.

In the same release, GreenShift Chief Technology Officer David Winsness said, “Ethanol plants need to think differently about by-product management today, GreenShift’s technologies allow licensed producers to get the most out their by-products. A key focal point of our offering is extracting and shifting products into markets where they inherently have higher values, such as, in the case of corn oil, the biodiesel and specialty chemical markets. We are very pleased to be working with Advanced BioEnergy and its progressive, high-caliber team.”

GreenShift Corporation develops and commercializes clean technologies that facilitate the more efficient use of natural resources.

no comments

XZERES Corp. (XPWR) stock skyward on new order

Posted on: August 10th, 2011
Written by:

XZERES Corp. (OTCBB: XPWR) shares shot up 12.9% to 79 cents as Wednesday’s session drew to a close, on word of a new order from a Vietnamese customer. Volume for the stock amounted to 4,450 shares, or about half its daily average.

A news release dated August 10 revealed that the company, based in Wilsonville, Oregon, announced today that it has received a Letter of Intent for a $3.2 million turbine order from its Vietnam customer following the successful completion of a pilot installation earlier this year.

CEO Frank Greco was quoted in the same release thus: “We are very pleased to have received this Letter of Intent for a $3.2 million turbine order, starting with a near term initial turbine purchase of 11 units from our Vietnam customer. This Letter of Intent and initial purchase is our first turbine sales into the Vietnam market… (and) while this is a substantial milestone for XZERES and particularly with respect to our initial penetration into Vietnam, we believe that there is potential for even more substantial business with this customer, as there are over 3,000 islands in Vietnam that will need power.”

The Company believes that this first project in Vietnam will be its “anchor tenant” for Asia and looks forward to expanding its business beyond Vietnam to the Philippines, Japan and throughout Asia.

no comments

Clear Skies Solar Inc. (CSKH) leaps on new sales

Posted on: July 27th, 2011
Written by:

Clear Skies Solar Inc. (OTCBB: CSKH) jumped 12.4% Wednesday to three cents, on word of sterling sales for June. Volume for the stock was 522,000 shares.

The Mineola, New York-based company, a full-service renewable energy provider to commercial, industrial and agricultural clients, announced in a July 27 news release it has reached over 1 megawatt or $4 million in customer signed contracts for the month of June.

With majority of its projects financed and the remainder are in the process of being financed, the company said it was looking forward optimistically to a healthy 2011 for Clear Skies Solar.

With a diversified portfolio of projects now under construction, Clear Skies announced it has recently completed the first installation under its new high-volume project management program. Clear Skies currently has approximately eight projects under construction at different stages varying in size from a residential four kilowatts to several commercial facilities of 160 kWs and 250 kWs respectively.

Clear Skies CEO Ezra Green was quoted in the release as saying, “The CSS process of execution is initially based on client financing with the installation dictated by engineering and product delivery. Our products are shipped from Asia, Canada and the United States with lead times up to four to six weeks which fits into the overall process of a project. With sales increasing and construction under way, we have been able to enter discussions with several non-dilutive sources of project and product funding.

“We recognize that discussing events is very important but we at CSS also owe it to the shareholders that the information being delivered is not premature and subject to any radical change.” Green concluded.

no comments

EGPI Firecreek Inc. (EFIR) boosts land holdings, doubles in price

Posted on: June 27th, 2011
Written by:

EGPI Firecreek Inc. (OTCBB: EFIR) shares doubled in price Monday to two-100ths of a cent, after acquiring gas leases. Volume for the stock was 32.3 million shares, dwarfing a daily average around 3.7 million.

A news release dated Monday, June 27, revealed that the company had signed a Letter of Intent with Capco Resources of Texas, Inc. to acquire the Brown Snyder Oil and Gas Leases covering over 640 acres located near Abilene, Jones County, Texas.

EGPI has already begun due diligence and project evaluations with CAPCO in anticipation of the acquisition, including proposed Well Recompletion and Enhancement Work programs. The Company has set a projected date of July 31, 2011, to complete the acquisition of the Brown Snyder property and its oil and gas interests.

The final acquisition will be subject to final negotiations, documentation and requisite approvals. The Company expects to acquire working interests and half of the corresponding 75% Net Revenue Interest associated with the oil and gas leases, including oil and gas reserves and all assets located in Abilene, Texas, inclusive of all surface equipment associated with seven of the nine existing wells that are to be reworked, and participation rights in all future drilling activities.

EGPI Firecreek CEO Dennis Alexander was quoted in the release as saying, “We look forward to working with the CAPCO management in order to move forward now that we have entered into a Letter of Intent. We also continue our plans for growth within our oil and gas division, through the acquisition of the Brown Snyder lease interests.”

Alexander continued, “We believe the upside potential for production activity and enhancement on this property, utilizing modern state-of-the-art techniques, will present an excellent opportunity for the Company.”

The Scottsdale, Arizona-based EGPI,. formerly known as Energy Producers, Inc. is an oil and gas production company focusing on the recovery and development of oil and natural gas.

no comments

About Penny Stocks

The term "penny stocks," also known as micro-cap equities, micro caps, small caps, pink sheets, refers to shares in a company that trades for less than $5.00. Most penny stocks trade on the OTCBB market and the pink sheet electronic quotation service. Penny Stocks can be very volatile and can see gains as much as 500% in a day. Volatility in penny stocks is also dangerous because penny stocks can come down as quickly as they go up. If you trade penny stocks based on stock picks, make sure to always do your due diligence on the companies you're considering, use stop loss orders, and book your profits when you are in a position to do so.