FuelCell Energy Inc (FCEL) Options

FCE is named participant in Gulf Hub.
https://www.hydrogenfuelnews.com/texas-pushes-to-lead-in-hydrogen-production-with-massive-gulf-coast-investments/8571649/

https://www.linkedin.com/posts/fuelcell-energy_fuel-cell-microgrids-expected-to-get-a-boost-activity-7348407949674897408-WUeU?utm_source=share&utm_medium=member_android&rcm=ACoAAD0kMAgBCjdlnBi58ae16C413y05wUfF-9o

Pomini, should hear something soon
https://www.linkedin.com/posts/pominirollingmills_ugcPost-7330855025612681218-mqjE?utm_source=share&utm_medium=member_android&rcm=ACoAAD0kMAgBCjdlnBi58ae16C413y05wUfF-9o

Nuclear with hydrogen production
https://www.linkedin.com/posts/madan-veluvolu-039b6b24_cleanenergy-hydrogenfuture-nucleartech-activity-7347849405988814848-BSc_?utm_source=share&utm_medium=member_android&rcm=ACoAAD0kMAgBCjdlnBi58ae16C413y05wUfF-9o

FCEL video, 450kg hydrogen daily from 250kw SOFC

https://www.linkedin.com/posts/ammonia-energy-association-aea_ammonia-ammoniaenergy-ammoniaproduction-activity-7347987780607590401-f0mh?utm_source=share&utm_medium=member_android&rcm=ACoAAD0kMAgBCjdlnBi58ae16C413y05wUfF-9o

Anaergia seems almost a perfect partner. Im reposting. But gee, we have Exxonmobil, Toyota, E-on, Diversified, MHB all as key partnerships. California going to move fast
https://www.linkedin.com/posts/cleantech-news_north-americas-largest-hydrogen-plant-planned-activity-7346976671704449024-2tOT?utm_source=share&utm_medium=member_android&rcm=ACoAAD0kMAgBCjdlnBi58ae16C413y05wUfF-9o

California going to move fast
https://www.linkedin.com/posts/cleantech-news_north-americas-largest-hydrogen-plant-planned-activity-7346976671704449024-2tOT?utm_source=share&utm_medium=member_android&rcm=ACoAAD0kMAgBCjdlnBi58ae16C413y05wUfF-9o

https://investor.fce.com/press-releases/press-release-details/2025/FuelCell-Energy-CEO-Jason-Few-ApplaudsOne-Big-Beautiful-Bill-Act-as-Catalyst-for-U-S--Clean-Energy-Leadership/default.aspx

FuelCell Energy CEO Jason Few Applauds “One Big Beautiful Bill Act” as Catalyst for U.S. Clean Energy Leadership
Jul 07, 2025
https://investor.fce.com/press-releases/press-release-details/2025/FuelCell-Energy-CEO-Jason-Few-ApplaudsOne-Big-Beautiful-Bill-Act-as-Catalyst-for-U-S--Clean-Energy-Leadership/default.aspx

imho, Big Solar and Big Wind Smackdown has just begun.

Smackdown #1: was the BBB and the more-or-less end of 30 years of tax credits.

Smackdown #2 will be upcoming tariffs on countries like China which produce Solar/wind products..

Smackdown #3 will be high tariffs on 'transit' products that are produced basically for China and pass through another country.

Smackdown #4 will probably be specific tariffs on specific Industries such as computer chips, solar panels windmills and other electronic devices which Trump wants to be manufactured in the US.


Who knows if the smackdowns will cause public/media/investors to look for the alternative awesomeness of hydrogen? Only time will tell.

4 Oil Giants Invest Billions to Lead the Low-Carbon Energy Shift

https://finance.yahoo.com/news/4-oil-giants-invest-billions-125400082.html


I don't know if anyone cares about what 'Zacks' says, but maybe some investors do.

https://www-fuelcellenergy-com.cdn.ampproject.org/c/s/www.fuelcellenergy.com/blog/the-one-big-beautiful-bill-act-is-a-win-for-clean-energy-and-for-america?hs_amp=true

Fuel cell industry set to have early solar industry type growth in the next 2 years.
https://fuelcellsworks.com/2025/07/04/h2/hintco-opens-application-phase-for-four-regional-lots

Speaker: More Legislation to Come in Fall, Spring

https://www.newsmax.com/newsfront/mike-johnson-tax-bill-donald-trump/2025/07/04/id/1217631/


I'm thinking $120/ton CO2 for 45Q. Let's see.

1 Massive project of a global multitude going to roll with BBB finalized, and likely pretty rapidly to move construction date well ahead of January 2028. Pase 1 underway (December 12, 2024):with Selections and Pase 2 now likely by year end 2025 but by June 2026 at the very latest. About same time PORTHOS up & running and when Exxonmobil 1,500MW total output Nat Gas/Carbon Capture for data centers project will begin construction. If FCEL is named partner in either, or both for that matter, $100 share price is a given.
https://www.energy.gov/sites/default/files/2024-12/Gulf%20Coast%20Phase%201%20Award%20Briefing_FINAL.pdf

Start date for projects qualifying for 45V is now January 2028, almost 2 1/2 years from today. Hope everyone enjoyed USA Independence Day. Now through 27 should be a monumental growth period and generational wealth building opportunity. $100 a share should be like a long walk through the park once it begins. That should happen before end of fiscal year. Contracts in wait should roll by then.

MHB, also known as Malaysia Marine and Heavy Engineering, is collaborating with FuelCell Energy to develop large-scale hydrogen production technologies in Asia, New Zealand, and Australia. This partnership focuses on using FuelCell Energy's solid oxide electrolysis (SOEC) technology to produce hydrogen, with a particular emphasis on building a low-carbon fuel production facility in Malaysia. The collaboration aims to address the challenges of green hydrogen production, specifically focusing on reducing the cost of electricity and capital expenditure for large-scale projects.

https://www.hydrogenfuelnews.com/global-hydrogen-mobility-alliance-launched-to-push-fuel-cell-technology-across-eu-mobility-sectors/8571534/?awt_a=1jpsU&awt_l=NIGEt&awt_m=gCFq2YvVAu5DlsU

U.S. Senate Passes Reconciliation Bill with New 45V Commencement Construction Date

Today, the U.S. Senate passed its version of the reconciliation legislation, the One Big Beautiful Bill (OBBB), by a vote of 50-50 with Vice President JD Vance providing the tiebreaking vote. The version of the OBBB which passed the upper chamber of Congress maintained updated text from this weekend that extended the commence construction date for the Section 45V Credit for Production of Clean Hydrogen to January 1, 2028.



This is a significant win for our sector and a major update compared to the previous versions of this bill which would have eliminated 45V at the end of this year. This effort would not have been a success without the strong support of all of our members and the mobilization of the broader industry.



In response to the passage of the bill through the Senate today, Frank Wolak, President & CEO of the Fuel Cell and Hydrogen Energy Association (FCHEA), released the following statement:



“FCHEA is proud to have played a central role in helping restore the critical Section 45V hydrogen production tax credit. We commend our incredible Senate champions – particularly Senators Shelly Moore Capito and Bill Cassidy – for recognizing hydrogen’s unique potential to create jobs, drive investment, and strengthen our nation’s energy security. By working to restore these incentives and providing the U.S. hydrogen industry with the flexibility it needs to invest and grow, Congress is poised to send a clear signal that the United States is serious about competing in the global clean energy economy.



“Extending the commencement of construction date to January 2028 for the hydrogen production tax credit gives the industry an opportunity to advance a significant round of projects that will jump start the U.S. hydrogen market, including the crucial Regional Hydrogen Hubs.



“The extension reflects the efforts of FCHEA and the coordination of organizations from multiple energy sectors who came together to support a reasonable, commonsense policy solution. Completion will result in a victory for U.S. energy and manufacturing leadership

https://www.linkedin.com/posts/adamdubitsky_big-beautiful-bill-renewable-energy-impact-activity-7345850221563707393-WeT4?utm_source=share&utm_medium=member_android&rcm=ACoAAD0kMAgBCjdlnBi58ae16C413y05wUfF-9o

https://www.linkedin.com/posts/united-states-h2-alliance_ushydrogenalliance-hydrogen-cleanhydrogen-activity-7345492578378665984-oOsU?utm_source=social_share_send&utm_medium=android_app&rcm=ACoAAD0kMAgBCjdlnBi58ae16C413y05wUfF-9o&utm_campaign=share_via

2 new hires, interesting
https://www.linkedin.com/posts/jo-sayers-15771810_im-happy-to-share-that-im-starting-a-new-ugcPost-7343701261390594052-xEiX?utm_source=share&utm_medium=member_android&rcm=ACoAAD0kMAgBCjdlnBi58ae16C413y05wUfF-9o

https://www.linkedin.com/posts/liubov-volkova_im-happy-to-share-that-im-starting-a-new-ugcPost-7345446864831324162-XUmX?utm_source=share&utm_medium=member_android&rcm=ACoAAD0kMAgBCjdlnBi58ae16C413y05wUfF-9o

https://www.linkedin.com/posts/liubov-volkova_im-happy-to-share-that-im-starting-a-new-ugcPost-7345446864831324162-XUmX?utm_source=share&utm_medium=member_android&rcm=ACoAAD0kMAgBCjdlnBi58ae16C413y05wUfF-9o

https://www.linkedin.com/posts/exxonmobil_get-insights-from-darren-woods-our-chairman-activity-7345451070493519877-Jk0D?utm_source=share&utm_medium=member_android&rcm=ACoAAD0kMAgBCjdlnBi58ae16C413y05wUfF-9o

" Those "rules" only came about because of so-called "guidance" that was done by the Biden Administration."

the Treasury Dept was required to make Biden's bill doable...Biden just decided that the Gov would start doling out trillions of dollars it didnt have...congressmen saw nothing but dollar signs headed their way and jumped on board...so the Treasury Dept had to see how they could make it work or have it make sense...

"The significance of this is that redoing that "guidanc" will not be done in the Big Beautiful Bill."

dont see why not...

"It will be done through the same Department in which Biden created it. That is, the IRS in the Treasury Department."

Biden didnt create it in the Treasury Dept...the Treasury Dept is who had to make it work...

daddy said the kids could have all the candy they wanted...the kids were thrilled and all for it...but mom is the one who feeds the kids and she stepped in and said that was NOT going to happen...mom then made rules for how it was going to go...

"Imo the IRS will completely wipe out all of Biden's guidance and just revert to the "agnostic" original IRA law"

and that will happen because...............?

"Watch the short video that was an event from 2 weeks ago."

the short video says nothing...when asked, Bissent said, "we'll take a look at it then we'll see"...

kinda hard to extrapolate anything from that one way or the other....

"The guidance will be changed in my opinion for sure."

absolutely...i think they will be more stringent...

Understand this about the 45 V tax credit:

The original IRA law passed by Congress in 2022 did not have any specifications regarding whether hydrogen was produced either as blue hydrogen or as green hydrogen or whether if by electrolysis it was done using renewable energy or any other type of electricity at all. Those "rules" only came about because of so-called "guidance" that was done by the Biden Administration.

The significance of this is that redoing that "guidanc" will not be done in the Big Beautiful Bill. It will be done through the same Department in which Biden created it. That is, the IRS in the Treasury Department.

Imo the IRS will completely wipe out all of Biden's guidance and just revert to the "agnostic" original IRA law, which does not discriminate against any type of electrolysis or blue hydrogen either.

Watch the short video that was an event from 2 weeks ago. This short video says it all. The guidance will be changed in my opinion for sure.

https://www.c-span.org/clip/senate-committee/user-clip-sen-cassidy-and-secretary-bessent-45v/5165503

theres no one here listening to you hedgehog...i doubt anyone opens up your links...i sure dont...the only digging i need to do is look at the pps...down 6.6%...

thats all i need to know...

Dig around
https://www.bignavajoenergy.com/
https://www.bignavajoenergy.com/what-is-hydrogen

https://www.fuelcellenergy.com/port-of-long-beach

June 26!!!! $2B investment
https://www.rigzone.com/news/carlyle_diversified_energy_to_jointly_invest_up_to_2b_in_us_pdp_assets-26-jun-2025-180961-article/

https://www.fuelcellenergy.com/blog/since-ceraweek-advancing-low-carbon-power-and-hydrogen

https://www.ceraweek.com/en/program/fuelcell-energy--fuelcell-energys-lowcarbon-power-and-hydrogen-solutions-1060-48518-837622

June 26!!!! $2B investment
https://www.rigzone.com/news/carlyle_diversified_energy_to_jointly_invest_up_to_2b_in_us_pdp_assets-26-jun-2025-180961-article/

yes we know...you have posted this info several times now...and once again, they are FINALLY doing what i said they should have been doing for YEARS!...focusing on what they know how to do and knocking off the pie in the sky bullshit...and i also said, a long time ago, they should be courting nuclear energy companies, big time...

although fcel may be too late to get out of the hole they dug themselves into, they do have a shot...

https://www.hydrogenfuelnews.com/fuelcell-energy-tightens-focus-on-carbonate-fuel-cell-technology-to-power-data-centers-and-microgrids/8571390/

https://www.linkedin.com/posts/fuelcell-energy_fuelcell-energy-received-a-cdp-sme-b-score-activity-7343347853005627392-CEAQ?utm_source=share&utm_medium=member_android&rcm=ACoAAD0kMAgBCjdlnBi58ae16C413y05wUfF-9o

https://www.hydrogenfuelnews.com/fuelcell-energy-tightens-focus-on-carbonate-fuel-cell-technology-to-power-data-centers-and-microgrids/8571390/?awt_a=1jpsU&awt_l=NIGEt&awt_m=iPXWhNIS_u5DlsU

https://www.google.com/url?rct=j&sa=t&url=https://fuelcellsworks.com/2025/06/23/clean-energy/east-coast-hydrogen-funding-kickstarts-major-clean-energy-programme&ct=ga&cd=CAEYASoUMTgzMDA0MjYxNzE0ODYzMzM1OTUyGjNmNmMxMjhmMjMzNGE4Mjg6Y29tOmVuOlVT&usg=AOvVaw1PjD6n9lJTX_dNCRrB31Gc

https://www.google.com/url?rct=j&sa=t&url=https://www.marketscreener.com/quote/stock/FUELCELL-ENERGY-INC-58195415/news/FuelCell-Energy-June-2025-Corporate-Presentation-50312040/&ct=ga&cd=CAEYBCoUMTgzMDA0MjYxNzE0ODYzMzM1OTUyGjNmNmMxMjhmMjMzNGE4Mjg6Y29tOmVuOlVT&usg=AOvVaw02Jn2WWF8-I1AP6OPvkPvS

https://www.google.com/url?rct=j&sa=t&url=https://www.globenewswire.com/news-release/2025/06/23/3103664/0/en/Fuel-Cell-Stack-Market-to-Grow-at-13-0-CAGR-Through-2029.html&ct=ga&cd=CAEYBSoUMTgzMDA0MjYxNzE0ODYzMzM1OTUyGjNmNmMxMjhmMjMzNGE4Mjg6Y29tOmVuOlVT&usg=AOvVaw38aAHySjylN3O-wrKvLMkh

For those who haven't seen these FCE videos:

https://s21.q4cdn.com/256256048/files/doc_presentations/2025/FCEL-Corporate-Presentation-Jan-2025-FINAL.pdf

https://u29265312.ct.sendgrid.net/ls/click?upn=u001.AGVir0q-2FyZWbZ5ev3cZBUkEleMvRVzeSDmm68mD8cr3Yl8hx-2BAwNtvurk7d0fAExrdKqJF8aqFgc3PFlNXxMkd7pAvtHggqVwiP0t-2FKrmgcZmx6Rg1uEJu5SHDQYqNucQfD-2B1bZcf7BhQ2mOrSR3jvc4Td56Y9ZxEUfAglPy6a4-3D_np3_FLPzT2gB4L4-2BGAeomRFoIkV8JLL6vIhz-2FCbDV-2BLOv-2FBGaGJCPvB-2Fqu8tNctOSA6P02ti98oSdnkViTltc5N26Fo-2BU8hrFqBggguIZcHxndP3KpKHMlQ9h61L9uas67u5THn78lWgTzoUE5wSlwV-2BfpuNPTKL963w4-2BruYsyw5c5lWNRMhjO7AZ9MuAnbKeycp-2B6Tgx6VlxVPfVTh2mhuO69OUsbt5XT3GVCzwt3JRWJGghgeNLXGEhC3FKmW1rz2cRQ0J1oYF0yuDkV1yiwNZ2lL2I416Se411LRBOZCIX-2BiO48q5soyBLZmRs4qacLyXlx2ZbLRjjKvFpfk2T56xi8e-2FH-2BKTveikp5jG08badiRqZAGmIERyUIh3fLBUZRk

Company update
https://u29265312.ct.sendgrid.net/ls/click?upn=u001.G3S4a7wnm6MGwg46xUb-2BB1NV-2FgNW-2FYza1Xp5grEVeql3FMgRceCzusNVQptiv8VI1BPQ8DI5LIxMB6CeTG5f1kHiaNl1Im6M3M4Ud5k1-2F7HqZkvTtprgkL2tXvnj7-2BuxU-2FgrEyJdAg3qsfjWcXhFKg-3D-3DJiBe_FLPzT2gB4L4-2BGAeomRFoIkV8JLL6vIhz-2FCbDV-2BLOv-2FBGaGJCPvB-2Fqu8tNctOSA6P94bd-2BW2sTebGp6cVbqcqxsOe8XLKygcmsPXLXD2Y0GAab29vg-2F8Sz0UfYrc-2BMQR1oEgKAM7AvRht9yG5ecYIINQ7Osr-2BdwievgY6NrpXPWNQJpEEbMLu-2F-2Bq95kDE3zoTqXWkCEp255HZTHN08VYkY-2FM1sn6So-2FADjBwf1LhrePc4BEz0bvuXOvTA-2BIlBWAielV1bM-2B5-2B1SZbMyh-2FJkdt7C7S4Vl6LtJqmfwcM-2FDFBsoaYYM8kni4HWH8Atyurtk1RIfvCXZ7slzJBWW7Vpqr7xPDHEZXHsMliqaoZbblv8k8xJBGx9pMMz-2BoA6qEdCtP

FuelCell Energy, Inc. has added a new event to its web site: JP Morgan Energy, Power, Renewables & Mining Conference

FuelCell Energy, Inc. has added a new presentation to its web site: https://s21.q4cdn.com/256256048/files/doc_presentations/2025/FCEL-Corporate-Presentation-June-2025.pdf

https://interestingengineering.com/energy/us-firm-reactor-supply-hydrogen-electricity

Toyota April 28
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://pressroom.toyota.com/toyota-expands-commitment-to-hydrogen-society-with-fleet-infrastructure-and-next-gen-system-debut/&ved=2ahUKEwirgtSn2YaOAxXAv4kEHS4tHSEQFnoECDQQAQ&sqi=2&usg=AOvVaw1HWZfd8sXEK1MF1TlvSNaQ
May 1
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://pressroom.toyota.com/toyota-establishes-hydrogen-headquarters-to-accelerate-advancement-of-fuel-cell-technology/&ved=2ahUKEwirgtSn2YaOAxXAv4kEHS4tHSEQFnoECCQQAQ&sqi=2&usg=AOvVaw3osZyRBifcUnYGBmbT_S-J
June 20
https://www.hydrogenfuelnews.com/toyota-deploys-hydrogen-fuel-cell-trucks-in-europe-for-zero-emission-logistics/8571359/

200 day is $8.20 currently but obviously dropping daily while SP is lower. If this closes over $8.20 at any point in the next week (my prediction) the sky is the limit, although I think there's a pause breaking $10 and $12!
https://www.tradingview.com/symbols/NASDAQ-FCEL/technicals/

Nuclear story continues growing. We know projects won't be up & running for years (2029 ish) but deals will be made and contracts signed long before. NuScale is moving fastest and we are with them on a very unique tech!
With CNL Canadian Nuclear Lab
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://investor.fce.com/press-releases/press-release-details/2024/FuelCell-Energy-Announces-Major-Clean-Fuel-Fund-Support-for-eFuel-Projects-in-Canada/default.aspx&ved=2ahUKEwiJ56eZiv-NAxVHkYkEHemyJK4QFnoECCEQAQ&usg=AOvVaw0JOAmcCQLvj_b6x3MTSoKv

With KNHP
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://investor.fce.com/press-releases/press-release-details/2024/FuelCell-Energy-and-KHNP-to-Pursue-Clean-Hydrogen-Production-Projects-in-Korea/default.aspx&ved=2ahUKEwjkz87Viv-NAxWKCnkGHZ_fKQYQFnoECCUQAQ&usg=AOvVaw27MHa60ZRQ5XuI834ht9QF

Obviously INL
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://investor.fce.com/press-releases/press-release-details/2025/Idaho-National-Laboratory-Testing-of-FuelCell-Energys-Electrolyzer-to-Show-Further-Commercialization-Opportunity-for-Nuclear-Power-Plants/default.aspx&ved=2ahUKEwiSkZrwiv-NAxVYhYkEHc2XFe8QFnoECCIQAQ&usg=AOvVaw3pNst2M4u30JniskmBsppp
& Obviously NuScale relationship is still moving forward
https://www.nuscalepower.com/press-releases/2025/nuscale-advances-clean-water-and-hydrogen-production-with-breakthrough-research

With CNL Canadian Nuclear Lab
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://investor.fce.com/press-releases/press-release-details/2024/FuelCell-Energy-Announces-Major-Clean-Fuel-Fund-Support-for-eFuel-Projects-in-Canada/default.aspx&ved=2ahUKEwiJ56eZiv-NAxVHkYkEHemyJK4QFnoECCEQAQ&usg=AOvVaw0JOAmcCQLvj_b6x3MTSoKv

With KNHP
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://investor.fce.com/press-releases/press-release-details/2024/FuelCell-Energy-and-KHNP-to-Pursue-Clean-Hydrogen-Production-Projects-in-Korea/default.aspx&ved=2ahUKEwjkz87Viv-NAxWKCnkGHZ_fKQYQFnoECCUQAQ&usg=AOvVaw27MHa60ZRQ5XuI834ht9QF

Obviously INL
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://investor.fce.com/press-releases/press-release-details/2025/Idaho-National-Laboratory-Testing-of-FuelCell-Energys-Electrolyzer-to-Show-Further-Commercialization-Opportunity-for-Nuclear-Power-Plants/default.aspx&ved=2ahUKEwiSkZrwiv-NAxVYhYkEHc2XFe8QFnoECCIQAQ&usg=AOvVaw3pNst2M4u30JniskmBsppp
& Obviously NuScale relationship is still moving forward
https://www.nuscalepower.com/press-releases/2025/nuscale-advances-clean-water-and-hydrogen-production-with-breakthrough-research

6/19/25 news
June 19, Toyota keeps pushing
https://cm.h2-view.com/t/t-l-gjylyky-tlttwkidr-d/

NuScale
https://cm.h2-view.com/t/t-l-gjylyky-tlttwkidr-o/

Although there was a brief intraday dip below $6, it seems like there's a lot of support at $6. Was over $6 the vast majority of the day, and closed the last couple hours with upwards pressure.

That would be awesome and satisfying both sides of the aisle. Well, not the environmentalists lobbying to do away with fossil fuel completely and immediately. But both sides should agree. Especially since many major political contributors would benefit. That would mean FCE decision to focus on MCFC was spot on

Carbon Capture Association Lobbying for $120 in 45Q.

Long read - but basically, they are pushing proposal for increase of 45Q tax credit to $120/ton CO2. Let's Go!

https://carboncapturecoalition.org/senate-finance-committee-preserves-45q-but-value-of-credit-will-continue-to-erode-until-2028/

https://carboncapturecoalition.org/ensuring-the-continued-success-of-the-carbon-management-industry-through-a-robust-45q-tax-credit/

True that, Johnny.

So far so good for Big Beautiful Bill.

It's still unclear if the Big Beautiful Bill will actually pass or not. Also, there will definitely be changes during the next week when the actual text is finalized. However, so far things are very positive for FCEL even though the market and media do not factor that in yet.

As of now, it looks like solar and wind credits are on the way out quickly. The 45V hydrogen tax credit is out also. On the face of it, that sounds like bad news for FCEL. However, the 45V was rigged by the last aministration/IRS to be unworkable and at best only available when using solar and wind energy. And really impractical and with tons of strings attached. It's unworkable, so no loss to get rid of it.

Thus, the investors have been led to believe that all hydrogen stocks will have no tax credit. This is completely and totally untrue because blue hydrogen production is handled separately under the 45Q tax credit. (Most companies involved with CCS don't actually produce hydrogen). The proposed new 45Q tax credit has actually been increased for utilization. If you read the few articles to acknowledge it, they explain that the proposal yesterday in the Senate increased the amount from $60 to $85 per ton for utilization. And there is a push to even further increase that number. I expect that number to go up in the next week.

Bottom line: Natural gas is totally in play for FCEL. And also, hydrogen is totally in play when produced via carbon capture. This is a huge win for FCEL, even though most media and investors do not understand the link between FCEL, 45Q, carbon capture and hydrogen.

CERA WEEK follow up comments very optimistic short term
https://www.fuelcellenergy.com/blog/since-ceraweek-advancing-low-carbon-power-and-hydrogen

there isnt any fcel chart of any length that looks good...