Thursday, June 3, 2010

OVERNIGHT

FCEL contract with PG&E puts the install at $4.50/W. Not too bad. And Schumer working on a bill in Senate to help PLUG sell their fuel cells for forklifts. So. Fuel cells are not dead despite the DOE cutback. However, as investments go, these guys combined have lost over $1B over the years. Let alone BLDP. They've lost over $1B on their own, though amazingly near 1X book value. God only knows when any of them will be actually profitable.

More good news department: Myanmar is taking steps toward a nuclear weapons program.

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