RE:RE:Day low closeThe key news in the past 6 months has been related to the BGX Biostream units.
1) MSA with Brightmark/Chevron for initial 18 units for the first task order
2) Build out of 30 units total with secured parts (approx. $68M rev for 2022)
3) Secured capacity for made in U.S.A. BGX / Hy.Gen production (150 - 190 annual units) with UEC acquisition, UEC will contribute with it's own compressor sales approx. $40M + rev annually
I would consider the above to news that "makes" the company and corrects the legacy BGX issue that took the lustre off the stock.
You're definitley right about the shine taken off the sector, if you look at the individual names: the charts of GRN, BLDP, PLUG, BE, CLNE are at 6 month (52 week low) support levels. Most of the cleantech stocks did not live up to the hype for a growth sector. Beyond XBC and GRN, none had any positive rev growth that I can recall, it was actually negative for those other names. Based on valuations (ie. P/S, P/B), absolute and relative, this looks like a "tremondous opportunity" which was recently echoed by Starlight analyst Varun Anand.
Unfortunately the only cure for the negative sentiment on the share price is a rising share price.
babedinkleman wrote: Just had to check in one more time.....was interested in what I figured would be the usual let down regarding all that hype about moving 'up' to $2.50 Christmas Eve and the strange facination with the 'follow thru' or lack thereof.. Of course it didn't hold and was meaningless as always. As are the closes. As is U.S. trading. Etc. Etc. Etc. Very sad state when $2.50 is a good thing. Lower highs......lower lows....lower expectations....
The one thing that is concerning me about this stock.....other than the weak sector and numbers coming out of said sector.....is the complete lack of news. Lack of contract announcements. Lack of adding to the pipeline. Lack of anything to get the market interested. Q4 is likely to be fine. Would be nice to hear some news every month or two about adding to the pipeline no? Seems like meaningful news has slowed to a crawl for the last 6 months or so. Not encouraging.....these guys are bad enough when they do have something to say.....even more scary when they don't.
Back to my hole for a month or two. Carry on.