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Renewableenergystocks.com
Issues Update on Renewable Energy Stocks - Fuelcell Energy Inc. and Stuart Energy
September 18, 2003
Renewableenergystocks.com
Issues Update on Renewable Energy Stocks - Fuelcell Energy Inc. and Stuart Energy
Point Roberts, WA; Salem, NY September 18 2003-- ECON Corporate Services - September 18, 2003 (ECON) http://www.Investorideas.com and its sub-domain http://www.renewableenergystocks.com is pleased to provide investors interested in renewable energy stocks an update on two public companies in the sector. Renewableenergysstocks.com is a unique site offering investors research, news, links and information on private and public companies in alternative energy. Guest writer J.Peter Lynch provides insight into the industry and the participants, based on years of experience in the stock market and as an expert in solar and renewable energy.
FuelCell Energy, Inc. (FCEL) - Update
J. Peter Lynch
FCEL has broken above a technical base it has been forming in the $8.00 to $10.00 range. It has also broken upside resistance at $10.50 and has been demonstrating excellent relative strength verses the market since late May 2003, a very positive long-term indicator.
The August blackout of 2003 has clearly demonstrated the vulnerability of the national grid and the out dated "centralized" generation system that was designed over 100 years ago. The effect of the blackout and resultant outages on critical applications has increased awareness of "distributed" generation as the solution. Distributed generation is much more efficient and secure and removes load from the grid lessening the probability of a grid failure and increasing reliability at customer sites.
FCEL is the leader in Direct Fuel Cells (DFC) these cells operate at very high temperature (1,000 degrees F) and are ideally suited for large distributed generation applications, a building or industrial power plant. Because of their high operating temperature they also produce excess heat that can be used for local heating of buildings, thereby dramatically increasing overall system efficiency.
Stuart Energy Systems Corporation (HHO) - Toronto Exchange
J. Peter Lynch
HHO has been consolidating recent gains after forming a base in the $3.00 to $3.25 range since September of 2002. It has shown good relative market strength (positive long term indicator) and has recently pulled back after a run up into the $5.00 range.
It appears to be forming a new base in the $3.50 to $4.00 range; a break above this range may indicate further advances. The company has a unique approach to the distributed energy/hydrogen marketplace and has approximately 2 years of cash reserves at the current burn rate.
HHO recently (June 2003) signed a deal with Shell Hydrogen to develop and market HHO's home hydrogen refueling product. Shell Hydrogen, a global business of the Royal Dutch/Shell Group of Companies signed a development, marketing and sales agency agreement with Vandenborre Technologies N.V., a wholly owned subsidiary of Stuart Energy Systems Corporation. The agreement gives Shell Hydrogen access to Vandenborre's electrolyser - based hydrogen home refueling products.
This home hydrogen-refueling unit would consist of a small-scale electrolyser that converts water from the home domestic supply into a slow stream of hydrogen. This unit could be powered by grid electricity or by a renewable source of energy, such as Photovoltaics. The only local emission is oxygen. The technology offers the prospect of drivers parked at home at the end of the day and connecting their vehicles to home refueling units for a steady refill overnight.
On Wednesday, September 17 2003 HHO unveiled its alpha prototype Personal Energy Station (PES), a unique energy platform with the potential to redefine how energy is produced, distributed and used on a personal basis. The PES system features a complete zero-emission energy cycle and is able to provide hydrogen fuel for vehicles as well as back-up or supplementary power for a home or cottage using renewable or grid electricity. The PES provides another glimpse into the future of truly distributed energy production.
Mr. J. Peter Lynch, Solar Energy/Renewable Energy Guest Columnist
Mr. Lynch has over 25 years experience working as an investment banker in New York, with start up and development stage companies in the technology, computer and medical fields. In addition, he has worked for 25 years as an independent securities analyst in small emerging technology companies with a primary focus on alternative energy and has served as a contributing editor for the past 15 years to the Photovoltaic Insider Report, a leading alternative energy publication primarily directed at industry. Mr. Lynch is available for interviews upon request.
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