H Power- Profil/ Diskussion - 500 Beiträge pro Seite

eröffnet am 16.09.00 01:22:16 von
neuester Beitrag 20.11.02 10:08:52 von

ISIN: US44485Q2030 | WKN: 917557 | Symbol: EROX
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Avatar
16.09.00 01:22:16
zuerst mal der chart für h power (ipo:9.8.00):


und hier der grund:
Ölpreis bricht Rekord und kostet in New York 35,92 USD
Datum:15.09. / Zeit:22:40
Quelle: dpa-AFX

profil:
H Power (nasd. kürzel: hpow) is a leading fuel cell development company that designs and markets proton-exchange membrane fuel cells designed to provide electricity for a wide range of stationary, portable and mobile applications.

kennzahlen:
Market Capitalization $1.41B
Shares Outstanding 52.8M
Float 7.00M
Ownership Insider: 87%
Earnings (ttm) -$0.49
Sales N/A

For the fiscal year ended 5/31/00, revenues rose from $1 million to $3.7 million. Net loss applicable to Com. rose from $7 million to $17.2 million. Results reflect new contracts with Naval Surface Warfare Center and Nat`l Institute of Standards and Tech. and higher operating expense.

analystenmeinungen:
8-Sep-00
Deutsche Bc Alex. Br initiated: at Strong Buy
5-Sep-00
Lehman Brothers initiated: at Buy
Josephthal & Co initiated: at Buy

"I figured H Power could have a hard time making money in the short term because it must charge a lot for its fuel cells to achieve decent margins. But because prices are expected to drop sharply, the company has a good shot at success over the long haul."

viel weitergehendes research würde den rahmen dieses threads sprengen.
für alle, die sich für h power interessieren, empfehle ich einen besuch auf der (qualitativ) guten homepage:
http://www.hpower.com

auf ein gutes investment!

epicuraul
Avatar
16.09.00 11:31:10
ich lass mal meiner phantasie freien lauf:

mich würde z.b der preisunterschied zwischen herkömmlichen backup-power systemem und dem fuell-cell modell von HPOW interessieren. auf deren site habe ich keine preise finden können. was mir sehr gut an HPOW gefällt sind die mittelfristigen geschäftsaussichten durch die interessante produktsparte (low-power systeme, kleinst-brennstoffzellen), wo z.zt. kaum konkurrenz zu befürchten ist.

langfristig kann ich mir HPOW auch als übernahmekandidaten vorstellen oder zumindest eine ähnlich hohe beteiligung eines `starken` partners wie daimler-chrysler bei ballard power. ich könnte mir vorstellen das ein automobilkonzern aus fernost dabei eine rolle spielen könnte (nachholbedarf). politisch spricht zwar einiges dagegen aber zumindest sind geschäftskontakte nach japan schon geknüpft worden (news v. 06.09.00).
gibt es in fernost überhaupt fuell-cell unternehmen ? bedingt durch ihre geschichte und der sich weltweit im ansatz ändernden energiepolitik müsste in japan doch einiges am laufen sein, oder ? wo sind die experten ?

was mich etwas nachdenklich stimmt, ist das die aktuellen kurssprünge von fuell-cell aktien auf die ölpreispolitik der opec zurückzuführen ist und genauso wieder zurückkommen könnten wenn der barrelpreis wieder runtergeht - was abzusehen ist (einiges deutet daraufhin). zumindest bezweifle ich das dies im moment `gute` einstiegskurse sind. verglichen mit den phantasie-blasen vom frühjahr ist das zwar noch ein erträgliches niveau aber doch recht hoch. bei einem echten investment (+3-5 jahre) relativiert sich das natürlich.

buehler ? buehler ? someone ? buehler ?
Avatar
16.09.00 16:26:52
Avatar
16.09.00 21:01:32
danke für deine infos, tomoffel
ich werde hier mal ein paar interessante auszüge aus dem ipo-prospekt reinlegen und dann versuchen, einige schlüsse daraus zu ziehen:

In August 1999, we entered into a ten-year agreement with ECO Fuel Cells, LLC, a subsidiary of Energy Co-Opportunity, Inc. (ECO), to market, sell, install and service our stationary power fuel cell systems. (10 jahre geben sicherheit)
ECO is an association ofapproximately 250 U.S. rural electric cooperatives. (von denen werden wir bestimmt noch öfter zu hören bekommen)
We have granted ECO the right to market our products to more than 900 cooperatives whose service territory includes 83% of the U.S. counties in 47 states. (lizenzeinanhmen? einiges spricht dafür, dass das forschungs- knowhow vermartet wird)
These cooperatives supply power to approximately 14 million U.S. households, farms and small businesses. (14 mio in usa! merken wir uns mal diese zahl um das potential zu bereifen)
ECO also has the right to market H Power`s products to the
additional 37 million households in this service territory that are served by municipal and investor-owned electric utilities. (weitere 37 mio haushalte!)
ECO has agreed to purchase 12,300 of our stationary fuel cell systems over several years for an aggregate purchase price of approximately $81 million. (ok, das klingt interessant- 12300 syteme für 81 mio$ verkauft mancht ca 6600$ pro system)
ECO`s ability to purchase these systems from us depends on its ability to resell the systems to its cooperatives and customers. (hier beginnt die spekulation- wie wird das system angenommen?)

weiter:
In March 2000, we completed the first installation of our prototype
stationary fuel cell system to an ECO cooperative. (die technik scheint also zu laufen und gehört nicht in die pure fantasiewelt)
We have not yet completely developed and produced the stationary fuel cell systems we have agreed to sell to ECO. (ich denke, das zeugt von einem hohen vertrauen der eco gegenüber dem unternehmen. evtl. sind dadurch die planzahlen von dem unternehmen selber zu niedrig ausgefallen)
We believe that ECO`s rural customer base will be among the most likely early adopters of fuel cell technology. (dieses marktfeld sollte man immer bedenken)
As of May 31, 2000, we delivered and installed five test and evaluation units to ECO. We intend to establish manufacturing facilities in the first half of the calendar year 2001 to meet our
goal of shipping initial commercial units in the second half of calendar year 2001. (ok, also massive umsatzsteigerungen sind gegen ende 2001 zu erwarten- mit dem hohen aktienkurs evtl. sogar früher-höhere ausgaben mgl.)
We expect that the introductory price of our stationary power fuel cell systems will be less than $10,000. (wenn die nachfrage sehr hoch ist, wovon man durchaus ausgehen kann, wenn der ölpreis auf dem niveau bleibt, können preise von über 10000$ verlangt werden)
Our product cost analyses indicate that after two to three years of commercial production, efficiencies in production and learning experience should reduce substantially the cost of our PEM fuel cell
systems. (gewinne also erst ab 2003-2004, dann aber saftig)
During this two to three-year period, our fuel cell systems will likely be sold to ECO at a price below the costs of production. (die teure wachstumsphase!)
We believe that our systems would then become attractive to a significant percentage of the additional 37 million households, particularly those in areas where the cost of electricity is relatively high and the cost of natural gas is relatively low. (es geht um die speicherung von energie!)
We seek to be among the first to mass market stationary and portable and mobile fuel cell systems. (gefahr für ballard power? wann wollen die kommerzialisieren?)
We first achieved commercial operation and sale of our low power systems in 1998 and are now offering for sale five portable and mobile
fuel cell systems ranging in power from 35 watts to 250 watts under the trade name PowerPEM-Registered Trademark-. These products are designed as battery substitutes and power sources for potential applications ranging from traffic systems to golf carts to
consumer devices. We believe that demand for portable and mobile fuel cell systems will be driven by consumer preference for smaller power sources with longer operating lives and lighter weights. (der trend ist also relativ unanbhängig vom ölpreis, dieser hatte nur die initialzündung gegeben)

OUR STRATEGY
Our strategy is to establish PEM fuel cells as a major alternative power source and to become the leading commercial provider of PEM fuel cells and fuel cell systems for applications below 25 kilowatts.
We intend to implement this strategy by:
- focusing on existing markets for stationary power products, such as rural areas;
- strengthening our existing strategic relationships and aggressively pursuing additional manufacturing, marketing and distribution partnerships;
- penetrating markets for portable and mobile fuel cell products;
- developing low-cost, state-of-the-art manufacturing capabilities;
- capitalizing on our technological advantages over other fuel cell developers and other potential alternative power sources; and
- developing and acquiring advanced, complementary technologies.

OUR HISTORY
We were incorporated in Delaware in June 1989. We have incurred a cumulative net loss since inception through May 31, 2000 of approximately $44.7 million. We anticipate incurring significant additional losses through at least our fiscal year 2002, primarily as a result of our substantial research and development expenditures and increased sales and marketing expenses. (mehere kapitalerhöhungen und anleihen sollten folgen, jetzt würde mich nur noch die berühmte "cash-burn rate" interessieren um zu sehen, wann mit der nächste kapitalerhöhung zu rechnen ist bzw. wann gewinne gemacht werden müssen)
Our industry is new and is characterized by significant capital investment, intense competition and ongoing technical development. (hier gilt wahrscheinlich wie im internet, zuerst wachstum, wachstum, wachstum)

also im prospekt sind folgende zahlen zu lesen (alles in 1000):
umsatz: 98/99/00 $ 718 $ 1018 $ 3680
dabei allein aus vorverträgen: 98/99/00 619 517 2695
verlust: 98/99/00 (5718) (6766) (17012)
cash (pro forma) :$113939
(damit dürfte klar sein, dass selbst bei anhaltendem wachstum das geld noch ein paar jahre (mind. 5) reichen wird)

machen wir mal kurz eine milchmädchenrechnung, um das potential von h power zu verstehen (allein in usa!)
14mio +37mio (haushalte) macht 51mio mal 10000$ (pro anlage) macht 510 mrd $ absatzpotential
rechnen wir dann die umweltfreundlicheren europäer dazu und evtl. die aufstrebenden chinesen, uiui ein paar billionen sind durchaus drin...
nehmen wir an, die marktpenetration dauert 10 jahre, ergibt sich ein potentieller jahresumsatz (in usa) von durchschnittlich 50mrd. (ab etwa 2005)

hpower hat aber nur eine marktkapitalisierung von 1,4mrd$.

die unterbewertung ist eklatant.


ein grund dafür dürften die von hpower selbst gesehen risiken sein:

WE HAVE HAD ONLY ONE COMMERCIAL PRODUCT SALE. WE MAY NOT BE ABLE TO
MANUFACTURE OR COMMERCIALIZE OUR PRODUCTS IN A COST-EFFECTIVE MANNER.
We do not have the manufacturing experience to handle large commercial
requirements. We may not be able to develop manufacturing technologies and processes and expand our plant facilities to the point where they are capable of satisfying large commercial orders.
WE MAY NOT BE ABLE TO DEVELOP THE NECESSARY TECHNOLOGY TO INTRODUCE AND MARKET OUR PRODUCTS IN A TIMELY FASHION, IF AT ALL.
ANY ADVERSE CHANGE IN OUR RELATIONSHIP WITH ECO FUEL CELLS, LLC WOULD DELAY OUR ABILITY TO GENERATE REVENUES. We believe that a substantial portion of our revenues over the next two to three years will be derived from sales of our residential cogeneration unit, or RCU, to ECO. (diese abhängigkeit stellt in der tat einen erhablichen nachteil dar)
MARKET ACCEPTANCE OF OUR FUEL CELL PRODUCTS MAY TAKE LONGER TO DEVELOP THAN WE ANTICIPATE OR MAY NEVER DEVELOP. (ein kauf der aktie geht eher doch davon aus, dass die techn. schneller akzeptiert wird, als gedacht)
BECAUSE WE DEPEND ON THIRD-PARTY SUPPLIERS, WE MAY EXPERIENCE DELAYS IN RECEIVING KEY MATERIALS AND COMPONENTS NECESSARY TO PRODUCE OUR FUEL CELL SYSTEMS. (das problem kennen wir von den telekomtiteln, besteht aber erst nach der ersten wachstumsphase)
GOVERNMENT REGULATION COULD IMPOSE BURDENSOME REQUIREMENTS AND RESTRICTIONS THAT COULD IMPAIR DEMAND FOR OUR STATIONARY FUEL CELL PRODUCTS. (da ist eher mit dem gegenteil zu rechnen, bes. wenn gore gewinnt)
OUR SUCCESS DEPENDS ON ATTRACTING AND RETAINING KEY PERSONNEL. (ein interessanter punkt- das management ist der dreh und angelpunkt!)
OUR QUARTERLY OPERATING RESULTS ARE LIKELY TO BE VOLATILE IN THEFUTURE.
Because of these anticipated fluctuations, our sales and operating results in any fiscal quarter are likely to be inconsistent, may not be indicative of our future performance and may be difficult for investors to properly evaluate. (diese schwierigkeiten dürften sowohl ein risiko als auch eine hohe chance bergen)

trotz des noch steinigen wegs, der da vor h power liegt, spricht sher viel für einen erfolg des projektes.
und sollte die brennstoffzelle in absehbarer zeit vermarktbar sein, (es geht ja gar nicht mehr um das wie, sondern nur noch um das wann)
stehen wir vor einer absolut gigantischen entwicklung.

gruß
epicuraul
Avatar
16.09.00 23:47:25
Hallo!

Sehr interessant ! wirklich !

Nur , ist der Wert in Deutschland überhaupt zu haben ??

Nepokong
Avatar
17.09.00 16:45:13
@nepokong,
h power wird in d unter der wkn: 940696 gehandelt.
am liqudesten ist der markt in berlin, wo aber auch nur einige zehntausend stück umgesetzt werden.
dabei ist zu sagen, dass der handel in den letzten tagen reger geworden ist.
strenge limitierung ist angesagt, da die kurse oft von den tatsächlichen in usa abweichen.
ich rechne in baldiger zukunft mit einigen empfehlungen in börsenzeitschriften- an solchen tagen dürfte die differenz noch größer werden. (evtl. zu temporärem austieg nutzen?)

gruß
epicuraul
Avatar
17.09.00 16:53:08
hey
kann man nach dem run der letzten woche jetzt noch einsteigen,
oder sollte man noch etwas warten?
gruss,piddy
Avatar
17.09.00 17:26:10
@epicuraul

>machen wir mal kurz eine milchmädchenrechnung, um das potential von h power zu verstehen (allein in usa!)
>14mio +37mio (haushalte) macht 51mio mal 10000$ (pro anlage) macht 510 mrd $ absatzpotential


da spritzt es aber nur so von milch ! ;)
von 100% des marktpotentials würde ich auch nicht ausgehen. bei 10-20% deckung wären das aber immer noch fantastische aussichten.
ich denke allerdings auch das an der börse die ganz grossen gewinne erst noch kommen.




WEEK ENDING 9/1/00
company / market cap / friday`s close / week`s change % / change / S.O. / float volume this week / % of float traded

BLDP $8.95B $101.37 +$0.37 +0.37% 88.3M ~86M 1,066,900 ~1.24%
PLUG $1.85B $42.94 -$5.81 -11.92% 43.2M 8.2M 1,135,900 13.85%
HPOW $1.1B $21.00 +$4.19 +24.91% 52.8M 7.0M 11,265,500 160.93%
FCEL $934M $121.62 +$21.87 +21.93% 7.68M 5.60M 2,028,000 36.21%
MHTX $712M $4.75 +$2.00 +72.73% ~150M2 <20M 5,024,600 >25.12%
GLE.TO $694M $26.80 +$3.08 +12.98% 25.89M8 ~22.79M8 665,900 2.92%
SATC $486M $35.50 +$1.69 +4.99% 13.7M 7.8M 589,700 7.56%
ENER $399M $27.87 +$0.375 +1.36% 14.3M 8.60M 521,800 6.07%
MKTY $392M $11.12 -$0.62 -5.32% 35.28M 17.6M 810,200 4.60%
MDTL $361M $19.50 +$4.50 +30.0% 18.5M 9.0M 109,300 1.21%
MCEL $278M $10.37 +$2.75 +36.1% 26.8M 3.0M 828,400 27.61%
IMCO $245M $27.25 +$5.31 +24.22% 8.98M >4.50M 845,000 <18.78%
DCH $144M $5.69 unchanged unchanged 25.26M 13.9M? 617,000 4.44%?
PRBL $25.84M $8.50 -$0.75 -8.11% 3.04M ~400K 10,400 2.6%

http://www.h2fc.com/companies.html

der marktkapitalisierung nach belegt HPOW vor FCEL den dritten platz! das hat mich dann doch etwas überrascht....

wer über einen einstieg nachdenkt sollte sich folgenden chart mal zu gemüte führen:


(die zwei streichholzspitzen ganz rechts haben wir der opec zu verdanken)



was meine spinnereien von wegen `übernahme` und `asien` angeht habe ich mal etwas im netz über japan recherchiert:
------------------------------------snip-------------------------------
Fuel Cell Technology Update 2000
[...]
DCH and Daido Form Joint Venture. DCH Technology and Daido Metal Company, a manufacturer of precision
components, announced a joint venture to provide fuel cells for portable applications in Asia.
[...]
Japan To Build Refueling Stations. According to the Kyodo news service, experimental hydrogen refueling stations
will be built in Japan, 18 months ahead of schedule.
[...]
Mazda Joins DaimlerChrysler`s Fuel Cell Project in Japan. Mazda Motor Corp. is joining DaimlerChrysler Japan
Holding Ltd. and Nippon Mitsubishi Oil Co. Ltd. in a project to develop fuel cell powered vehicles with government
subsidies.
[...]
GE and Kubota Sign Agreement to Launch Fuel Cells in Japan. GE MicroGen (GEMG) has signed Kubota
Corporation of Japan as the latest international distributor for GEMG`s line of fuel cell systems.
[...]
Japanese Companies Join to Test Fuel Cells. Mitsubishi Electric Corporation is joining with Fuji Heavy Industries`
Subaru Research Institute to test its new flat-type polymer electrolyte fuel cell in automotive applications.
[...]
FuelCell Energy and Marubeni Corporation Join to Market Power Plants. FuelCell Energy Inc. and the
Marubeni Corporation of Japan have signed a collaborative product and market development agreement that calls for
the first commercial field trials in Asia of FuelCell Energy`s Direct FuelCell™ power plants.
[...]
Northwest Power Systems Receives Order from Tokyo Boeki. Northwest Power Systems (NPS), a subsidiary of
IDACORP, has received an order from Tokyo Boeki, Ltd., for two fully integrated, prototype residential fuel cell
systems to be field-tested in Japan this year.
[...]
Ballard Generation Systems and Tokyo Gas to Develop Fuel Processor. Ballard Generation Systems, a
subsidiary of Ballard Power Systems, has signed an agreement with Tokyo Gas, EBARA BALLARD, and EBARA
Corporation to develop a fuel processor for a one-kilowatt natural gas-fuelled fuel cell power generator targeted at the
Japanese residential market.
[...]
Japan Will Expand Use of Fuel Cells. The Japanese government will expand the use of fuel cells for vehicles and
homes to generate about 2.2 million kilowatts of power by 2010. The fuel cell research budget has been increased from
4.6 billion yen (US$43.7 million) to 8.1 billion yen (US$76.9 million) as part of an effort to reduce dependence on
nuclear power.
[...]
Toshiba Developing Fuel Cell System That Consumes Gasoline. Toshiba Corp. is developing a prototype fuel cell
system that extracts hydrogen from gasoline.
[...]
------------------------------------snap-------------------------------
http://www.fuelcells.org/tu2000.htm

obwohl atomenergie in japan immer noch unbestritten (?) die nr.1 ist scheint der fc markt quicklebendig!


gruss
Avatar
17.09.00 17:31:24
hallo leute, freut mich, daß auch ihr auf h power aufmerksam geworden seid.

ich bin über h power auch erst vor ein paar tage gestolpert, und zwar auf cnbc.
die diskussion über die alternativen energieen wird durch den aktuellen ölpreis
natürlich zusätzlich angeheizt.daß wir aber mittelfristig um die thematik nicht umhin
kommen, sollte eigentlich jedem klar sein.natürlich ist hpow alles andere als ein
risikoloses investment, dafür würde ich die chancen als absolut überdurchschnittlich,
wie die des gasammten sektors, beurteilen. da wir uns alle ja nicht zum spaß
mit der geldanlage beschäftigen,sondern um das kapital möglichst zu vervielfachen,
bietet sich uns hier eine fantastische möglichkeit,dieses zu erreichen.
the trend is your friend, ich denke, hier haben wir einen echten trend mit langfristigem
hintergrund dazu.ich habe am letzten diensteg die ersten 1000 stück ins depot gelegt.
ich werde am montag nochmal 800 dazulegen, mit limit in ny.
wenn gewinnmitnahmen kommen sollten, ist mir das eigentlich ganz recht, auch wenn
ich mit den 800 in den süden komme,wichtig ist, das keine übertreibung stattfindet.

wer sich die folgenden chart`s ansieht, kann sich selber die möglichkeiten errechnen.

zuerst der fcel chart




und jetzt von hpow




und jetzt noch eine neuentdeckung aus dieser gruppe:mcel




ich denke,daß der zeitpunkt des einstieges noch da ist,bei fcel rechne ich mit baldigen gewinnmitnahmen.
Avatar
17.09.00 17:53:43
@bbe
freue mich, dass du ähnliche auffassungen über das chance/risiko verhältnis hast, wie ich.
deine "neuentdeckung" mcel wird schon hier im board diskutiert.
fuel cell energy legt momentan nur eine kurze pause ein, die trendumkehr in weiter ferne. wenn die kurze konsolidierung beendet ist, geht es weiter- die voraussetzungen sind ideal!

dein beitrag hat mich jetzt dazu veranlasst, meine strategie für nächste woche zu überdenken. urspünglich wollte ich etappenweise biotech ausstoppen und dann bei hpow und mcel reingehen, aber nun werde ich wahrscheinlich etwas agressiver vorgehen...
vom potential bin ich überzeugt und ich weiß nicht, wieso ich dann nicht auch mal ein etwas größeres risiko eingehen könnte.

gruß
Avatar
17.09.00 18:07:25
@epicuraul (schwierig, was heißt das?)

genau meine meinung, ich werde weiter an den werten dran` bleiben, wenn`s weiter geht
erhöhe ich weiter, wenn ich dafür auch einige lieblinge aus dem depot kicken muß.
vorrang bekommen die werte mit der besten performance.ich stehe eigentlich auf
folling angels, aber man muß warten können. und warum die zeit mit warten verbringen
(was auch sehr lohnend sein kann),wenn man durchstarten kann.
oftmals hat man einen wert auch im minus, wartet,daß er wieder grün wird, und wartet und wartet.
eigentlich blödsinn, man muß natürlich auch ein wenig glück haben, den richtigen zug zu
erwischen. aber das weiß man sowieso erst immer hinterher.
mal sehen, wie`s läuft.
viel glück uns allen.
bbe
Avatar
17.09.00 18:10:29
@epicuraul

schau mal ins postfach.
Avatar
19.09.00 00:23:51
h power ist heute exakt am kurzfristigen aufwärtstrend angelangt- eine morgige steigerung ist daher eher wahrscheinlich als ein fall.
sollte dies sich nicht bestätigen, kann es durchaus weiter abwärts gehen.
für einen spekulativen einstieg sind die voraussetzungen fast ideal

@bbe, dein beitrag gefällt mir- schließe mich an.
man kann falsch liegen (dann sollte man es zugeben) oder richtig- dann sollte man auch entschlossen handeln.
ein mal richtig zu liegen und dann aber voll richtig, kann 3-mal-daneben-liegen wett machen.

gruß
epicuraul
Avatar
20.09.00 23:08:15
der heutige tag hat sich tatsächlich als guter einstieg erwiesen.
der trend wurde bestätigt. die nächsten tage dürften davon profitieren.
alle, die noch zögern sollten spätestens beim erreichen eines neuen ath´s einstiegen.

gruß
epicuraul
Avatar
21.09.00 00:13:57
hallo epicuraul!

first i have to apologize!

hier gibts keine dummlaberer wie in den anderen threads, hier wird tacheles geredet, und das gefällt mir.

bin von dem scheiß gequatsche in den anderen threads wirklich zum teil schwer genervt und daher schon ein, wie soll ich sagen, ja, ein gebranntes kind (da wird über wirklich alles in dem thread gequatscht und vom thema völlig abgeschweift - suchst du mal ne info, dann kannst du den ganzen thread durchgehen mit xxx beiträgen um an was brauchbares zu gelangen)

aber nicht hier, und das ist gut so

werde mir vielleicht auch noch ein paar HPOW ins depot legen - muß mal auf die homepage von HPOW schauen, was dort so an infos zu finden ist

also, nichts für ungut

cu, duke
Avatar
21.09.00 08:58:45
morgen leute !

gestern wieder schön in`s plus gelaufen !
(werdet ihr sicher schon wissen)

der vermutete rücksetzer war ganz schön heftig, aber bei der nsdq kein wunder.
habe auch gleich wieder zwei gute nachrichten.



H Power Corp. To Supply Ball Aerospace With Fuel Cell
Stacks For Use In Advanced Military Field Equipment

CLIFTON, N.J., Sep 20, 2000 (BUSINESS WIRE) --

New Fuel Cell Based Portable Power Systems Will Permit Military
to

Operate Sensitive Electronic Devices in Remote Locations Without

Batteries

H Power Corp. (NASDAQ: HPOW ), a leading fuel cell development
company, today announced that it has signed a "Memorandum of
Understanding" with Ball Aerospace & Technologies Corp., a
subsidiary of Ball Corporation (NYSE: BLL ).

Under the terms of the Memorandum, H Power Corp. will supply Ball
Aerospace with proton-exchange membrane (PEM) fuel cell stacks for
use in Ball Aerospace`s portable hydrogen fuel cell power systems
that are sold to the U.S. military and other users requiring similar
highly sophisticated power sources.

H Power will provide fuel cell stacks capable of supplying between 10
and 500 watts of electricity for Ball`s PPS-15, PPS-50 and PPS-100
portable power systems. The memorandum is subject to completion of
definitive documentation.

H. Frank Gibbard, chief executive officer of H Power Corp.,
commented, "Our alliance with Ball Aerospace represents a
significant milestone for the company and an advance for our armed forces. H Power gets an
additional high-volume customer with international recognition, and Ball Aerospace gets a
source of custom, sophisticated fuel cell stacks for their Portable Power Systems.

Rich Reinker, Ball manager of Fuel Cell Programs, said, "Portable Power Systems based on
sophisticated fuel cells are well suited for use as a primary energy source in the military of
the future."

Gibbard continued, "We see Ball Aerospace`s military application as among the first of many
that will use these versatile fuel cells to improve the way we live, work and play. Fuel cells are
safe, do not pollute, have low operating costs, low noise levels, high reliability and low
maintenance. In addition to a wide range of portable mobile products, H Power is also
developing stationary cogeneration products for the remote and rural homeowner markets.
Today`s announcement is another step toward our goal of powering the world cleanly with fuel
cells`."

H Power has sold fuel cell systems for stationary and portable applications to the U.S.
Government, state agencies and numerous domestic and multinational corporations.

About Ball Aerospace

Ball Aerospace & Technologies Corp. provides imaging and communications products for
commercial and government customers worldwide and is a subsidiary of Ball Corporation, a
Fortune 500 company with sales of $3.6 billion in 1999.

About H Power Corp.

H Power Corp. is a leading fuel cell development company and one of the first providers to
complete a commercial sale of a proton-exchange membrane (PEM) fuel cell system. PEM
fuel cells generate electricity efficiently and cleanly from the electrochemical reaction of
hydrogen and oxygen. Hydrogen is typically derived from conventional fuels such as natural
gas or propane, and oxygen is drawn from the air.

H Power`s fuel cells are designed to provide electricity for a wide range of stationary, portable
and mobile applications including residential cogeneration products for rural, remote homes,
and backup power units for mobile applications.

For additional information, please visit our website at www.hpower.com or
www.ballaerospace.com .

Certain expectations and projections regarding the future performance of H Power discussed
in this news release are forward-looking and are made under the "safe harbor" provisions of
the Private Securities Litigation Reform Act of 1995. These expectations are based on
currently available competitive, financial and economic data along with the Company`s
operating plans and are subject to future events and uncertainties. Management cautions the
reader that the following factors, amongst others, may cause H Power`s plans to differ or
results to vary from those expected, including the impact of competition, pricing, market
demand and marketplace acceptance, and other risks set forth from time to time in H Power`s
filings with the Securities and Exchange Commission, including, but not limited to the risks
set forth in H Power`s Registration Statement on Form S-1. H Power undertakes no obligation
to publicly release the results of any revisions to forward-looking statements, which may be
made to reflect events or circumstances after the date hereof or to reflect the occurrence of
unanticipated events. The events highlighted herein should not be assumed to be items that
could affect the future performance of the Company.

CONTACT: H Power Corp.
Thomas Michael, VP
973/249-5444 x500
or
The Dilenschneider Group
Joel Pomerantz
Ken Di Paola
212/922-0900

die zweite ist , daß ich ein zweites strong buy entdeckt habe, weiß allerdings nicht, von wem das kommt.
da ich keine zeit habe i.m. weiter zu suchen, wäre es ganz schön, wenn mal ein anderer das rausfinden könnte.

H Power (HPOW)
miniquote (delayed)
last 34.69
chg 4.00
%chg 13.03%



Analyst Opinions
Strong Buy
2
Buy
1
Hold
0
Sell
0
Strong Sell
0


Average
Recommendation
This Week
1.17
Last Week
0
Change
1.2
Recommendation Scale
Strong
Sell
Hold
Strong
Buy
5.0
3.0
1.0



Earnings Per
Share
Last Quarter
999
Surprise
Percent
999%
Consensus EPS
Estimates
This Year`s
999.00
Next Year`s
-0.55


H Power ranks 2 of 5 in the ENERGY-ALT SRCS industry


muß jetzt leider etwas arbeiten ( hab auch noch `ne firma, die mir das *kleingeld* für meinen tick hier
verdienen muß) :) !

viel glück für heute.
bbe
Avatar
21.09.00 09:17:02
@epicuraul

bist mir noch `ne antwort bez. deines namens schuldig ! :)

habe übrigens noch mal nachgelegt, wie oben angekündigt, ist jetzt die größte pos. in meinem
depot.
für mcel muß ich allerdings erst ein wenig cash freisetzen, hab auch schon einen kandidaten im
depot ausgemacht (25 T€). bei der nächsten nordbewegung fliegt das ding raus.
happy trade ( muß jetzt wirklich arbeiten)
bbe
Avatar
21.09.00 12:44:18
@bbe
(also wegen dem namen: epicur- griechischer philosoph + raul- mein name)
momentan ist mcel noch die größte position in meinem depot, danach kommt aber gleich h power.
angesichts des guten trends überlege ich mir aber auch eine weitere aufstockung der positionen- dazu muss ich aber erstmal andere sachen ausstoppen (dafür siehts ja ganz gut aus heute am nm).
die vola zieht ganz schön an den nerven- aber ich glaube da muss man durch.
no risk-no fun.

gruß
epicuraul
Avatar
21.09.00 18:05:32
Gibt wohl heute mal wieder Gewinnmitnahmen.Na ja, kann man ja auch verstehen. Denke, dass die Diskussionen um alternative Antriebe/Energien nicht so schnell abreißen.
Avatar
21.09.00 23:52:42
Hab mir von der HP mal den Emissionsprospekt runtergeladen. Suche jetzt noch einen fähigen Übersetzer:laugh:.
Vielleicht ergibt sich für den langfristigen Anleger beim morgigen Gemetzel(Intel Gewinnwarnung:eek: ) eine gute Gelegenheit günstig einzusteigen.
Avatar
23.09.00 18:34:46
hab gestern mittag für 33,5 Euro eingekauft. Macht dann immerhin ungefähr 6 Prozent Intel-Bonus.
Avatar
23.09.00 19:09:50
Greetings:

I apologize for my lack of German.

I am the guy who originally constructed the "Landess-Wilder fuel cell index", which is pictured above in this discussion. Last weekend we added HPOW, PRBL, MCEL. I would like to ask if anyone here can suggested publicly-traded European companies which perhaps I should add to the index, or to other alternative-energy stock-lists. In addition to fuel-cell related stocks, I`d love to be more informed about European efforts in Solar Cells, for example, or perhaps there are some interesting obscure companies which are doing good things in electronic controls for electric vehicles. We see so little discussion of European efforts, here in the states, even in the best online sources such as www.evworld.com. Private companies are ok too, if only to educate myself.

Well, if any of you guys feel you`ve made a big effort to construct your quotes lists, let me offer some exchange. Here are my quote lists from my page. They usually work in yahoo.

Alternative Energy Index
Apwr Bldp Ecar Efcx Elsi Ener Evrc Fcel Hipc Imco Meoh Mhtx Mkty Rgtc Satc Spir Vlnc Fuel Cell Index
Ava Bldp Dcht Ener Fcel Gle.to Hpow Imco Mdtl Mcel Mhtx Mkty Plug Prbl Satc Synm Battery Index
Aern Efcx Elsi Ener Evrc Lith Vlnc Wirx
Other a-e stocks:
ACPW AEAM AEE AMSC ASRF AZD CHP CPST CTAL ECCO EURO.OB FDEG FTMTF JLMI KOR LPWR M MAG NEG.CO NPW OILS.OB ORBT PNM PNW POWR.OB PX SGII SO SOA SOC STG.V TIRIF TMG.V TMO TOUP.OB UCR USU UTL VWS.CO WPT.TO ZERO
Note: The following sector lists and definitions are my own, imperfect and not comprehensive.

Other Solar Companies
EMKR XSELE.OB UNS ENERW ESLR
In 1999 the six largest solar companies produced 71% of worldwide solar panel shipments. These six are BP Solarex, Kyocera Corp., Siemens Solar Group, Sharp Corp., AstroPower Inc., and Photowatt Int`l S.A.
Other Water-Related Companies
CLX WWAT MXWL PWREE.OB CCC SWWC AWR SCW GAIA GWTR.OB
Other Bio-Fuel Companies
ADM CPO DYMTF.OB FTEK HIPC MWGP RTK SSPC.OB STDE.OB
Some Utilities of Note:
FPL ETR GMP GPU DQE DTE IDA SO
Other EV Companies
AEAC BAAT BBDA.TO MXWL UQM ZAPP
Other Fuel Cell Companies
EGYV.OB KSE
Other Wind Companies
IHII
Other Battery Companies
ULBI EX PWTC.OB ALA BOLD
Natural Gas - Related Companies:
EOG ENE APC OEI WMB BR UPR APA NBL STR PPP EEX CNG SNT
Mutual Funds with an alternative energy aspect:
NALFX, GCBLX GCEQX, trilliuminvest.com ($600,000.00 minimum). Nuveen has two "Defined Portfolios" which are for fuel cell investing.
"Socially responsible" mutual funds with some small alternative energy aspect:
DIEQX DSEFX
Large-Caps With Significant Influence On The Direction Of Renewable Energy Efforts:
ARLP BPA CAG CANNY CNX DCX DD DOW DPH EIX ENE EPG F GE GM HAL HMC KYO MMM NSANY PTBRY RD SASOY SMAWY SNE SPI SRE TM TOS TXN UTX VLKAY WMB XOM YPF
Private Alternative Energy Companies of interest:
Greenmountain.com, Atlantis Energy (Solar), Woodfuel.com, SolarFlex.com
Other A-E Company list pages:
Worldwatch

Thanks much for reading and in advance for any answers and apologies again for the English.
Avatar
24.09.00 09:25:56
Look for IQPR.ob, a German / Canadian company, producing intelligent batteries, cooperating with DaimlerChrysler, BMW and Porsche.
First batteries have already been produced and will be delivered soon.
Avatar
24.09.00 19:15:31
Danke, I have added it as a candidate for the battery index. Since the California Air Resources Board shocked everyone and stood up for the ZEV mandate, largely, instead of backing down, there`s been much talk of fuel cells but little talk of pure-battery electrics. I wonder why? I`ve driven a lead-acid EV1 and it was great.
Avatar
26.09.00 23:44:31
angesichts der guten kursgewinne bei fcel und mcel, entäuschte hpow heute etwas. nicht dass ein angesichts der nasdaq immer noch außerordentlicher zugewinn negativ zu werten wäre, aber hpow konnte trotz der positiven stimmung um die brennstoffzellenentwickler die konsolidierungsbreite nicht verlassen.
warten wir also die nächsten tage ab, wie die aktie sich verhält.
mit hoher wahrscheinlichkeit wird sie aber in ihrer performance früher oder später aufholen.

gruß
epicuraul
Avatar
04.10.00 14:50:28
hey
diese news koennten heute evtl.zu einem auftrieb dienen.
siehe:finance.yahoo.com
gruss,piddy
Avatar
04.10.00 17:32:34
hey
fuck,es ist eher ein abtrieb.
gruss,piddy
Avatar
04.10.00 17:42:49
verdoppelung des verlußtes, aber alles mit den plänen konform !
scheiße !




H Power Corp. Reports 47% Increase in First Quarter
RevenuesCompany Completes Initial Public Offering;
Introduces New Fuel Cell System and Will Supply Ball
Aerospace With Fuel Cell

CLIFTON, N.J., Oct 4, 2000 (BUSINESS WIRE) -- H Power Corp.
(NASDAQ: HPOW ), a leading fuel cell development company, today
reported financial results for the first quarter ended August 31, 2000.

Net revenues for the quarter were $1,214,000, a 47 percent increase
from $825,000 reported for the first quarter of last year. The net loss
attributable to common stockholders was $4,045,000, or 10 cents per
share, compared with $1,513,000, or 5 cents per share a year ago.
Revenues from product sales were $652,000, an increase from
$17,000 for the same period last year. Revenues from contracts were
$562,000, a decrease of 30 percent from the same period last year,
reflecting the company`s emphasis on commercialization.

Cash and cash equivalents at the end of the quarter were
$110,694,000, compared with $11,257,000 for the fiscal year ended
May 31, 2000. Working capital was $110,907,000, up from
$13,213,000 at May 31, 2000, and shareholders` equity rose to
$111,353,000 at the end of the quarter from a deficit of $6,938,000 at
May 31, 2000.

H Power`s initial public offering (IPO) raised $104.2 million for the
company on August 9, 2000.

"First quarter results are consistent with our strategic plan," H. Frank
Gibbard, chief executive officer of H Power Corp., commented. "Net
losses were primarily the result of planned increases in research and
development, marketing and selling and general administrative expenses. This is not unusual
for the fuel cell industry, which is characterized by significant amounts of capital investment,
strong competition and intense ongoing technical development.

"Our successful IPO strengthened H Power`s capital base and will further expedite our
commercialization of fuel cells," continued Gibbard. "We recently introduced the
PowerPEM(R) PS250, a 250 watt mobile and rack-mounted system that may be used either
as a primary or backup power source for a variety of applications. In addition, we made
significant progress on the commercialization front by signing a memorandum of
understanding with Ball Aerospace to supply fuel cells for use in their military field equipment.
We are already selling portable units and expect to start production of stationary units in
2001, as planned."

H Power`s goal is to establish fuel cells as a major alternative energy source and to become
the leading commercial provider of fuel cells and systems. The company focuses primarily on
existing markets for stationary power products such as the rural residential market. Going
forward, the company intends to strengthen and expand strategic relationships, penetrate the
markets for portable and mobile fuel cell products and develop low-cost, state-of-the-art
manufacturing capabilities. In addition, H Power plans to capitalize on its technological
advantages over other fuel cell developers and other potential alternative power sources, and
develop and acquire advanced complementary technologies.

About H Power Corp.

H Power Corp. is a leading fuel cell development company and one of the first providers to
complete a commercial sale of a proton-exchange membrane (PEM) fuel cell system. PEM
fuel cells generate electricity efficiently and cleanly from the electrochemical reaction of
hydrogen and oxygen. Hydrogen is typically derived from conventional fuels such as natural
gas or propane, and oxygen is drawn from the air. H Power`s fuel cells are designed to provide
electricity for a wide range of stationary, portable and mobile applications including residential
cogeneration products for rural, remote homes, and backup power units for mobile
applications.

For additional information, please visit our website at www.hpower.com

H Power will hold a conference call discussion of first quarter results today, October 4 at 11
am eastern time. To listen, please call (877) 841-0748. A replay of the call will be available
until October 11. To listen to the replay, please call (800) 642-1687, and use the reference
code No. 529235.

Certain expectations and projections regarding the future performance of H Power discussed
in this news release are forward-looking and are made under the "safe harbor" provisions of
the Private Securities Litigation Reform Act of 1995. These expectations are based on
currently available competitive, financial and economic data along with the Company`s
operating plans and are subject to future events and uncertainties. Management cautions the
reader that the following factors, amongst others, may cause H Power`s plans to differ or
results to vary from those expected, including the impact of competition, pricing, market
demand and marketplace acceptance, and other risks set forth from time to time in H Power`s
filings with the Securities and Exchange Commission, including, but not limited to the risks
set forth in H Power`s Registration Statement on Form S-1. H Power undertakes no obligation
to publicly release the results of any revisions to forward-looking statements, which may be
made to reflect events or circumstances after the date hereof or to reflect the occurrence of
unanticipated events. The events highlighted herein should not be assumed to be items that
could affect the future performance of the Company.

H Power Corp.
First Quarter Financial Results (unaudited)

Three Months Ended
Income Statement Data: August 31,
2000 1999

Net revenues $ 1,214,000 $ 825,000
Loss from operations (4,483,000) (1,459,000)
Net loss (4,004,000) (1,460,000)
Net loss attributable
to common shareholders (4,045,000) (1,513,000)


Loss per share, basic and diluted ($ 0.10) ($ 0.05)


Weighted average shares outstanding 41,702,000 29,396,000


Balance Sheet Data: August 31, 2000 May 31, 2000

Cash and cash equivalents $110,694,000 $11,257,000
Working capital 110,907,000 13,213,000
Total assets 116,771,000 18,650,000
Long-term debt 68,000 67,000
Minority interest 0 5,000,000
Mandatory redeemable preferred stock 0 15,327,000
Total stockholders` equity (deficit) 111,353,000 (6,938,000)

CONTACT: H Power Corp.
William L. Zang, CFO x 424
Thomas Michael, VP x 500
973/249-5444
or
The Dilenschneider Group
Robert Valdmanis - Media
Ken Di Paola - IR
212/922-0900



10% im süden, na toll !
wenn es also aus euren tastaturen stinkt, ---ich übergebe mich gerade !
Avatar
04.10.00 17:45:36
übel,übel, jetzt kann ich noch nicht mal mehr richtig schreiben !
Avatar
04.10.00 20:18:48
hi bbe,

meine Tastatur stinkt noch nicht - ist wohl nicht ganz so schlimm.

Bin auch in hpow investiert, allerdings lege ich in solche "Späßchen" nur ein paar Pfund. Aber (obwohl es bei solchen Werten nicht viel zu sagen) hat, prallt hpow gerade schön an der 38er Linie ab. Ich glaube, wir brauchen viel Geduld. Weiter runter sollte es aber nicht gehen, dann werde ich auch nervös.

Also bis später

Ofenblase
Avatar
06.10.00 00:00:36
Was halten HPower-Aktionäre von der Brennstoffzellenaktie DCHT?
:) DCHT wurde heute im Aktionär fürs Depot empfohlen! :)
Avatar
06.10.00 01:04:58
momentan sieht es nicht sehr gut um unseren liebling aus.
charttechnisch hat sich eine mittlefristige trendwendeformation herausgebildet (doppelkopf), die nun auch bestätigt wurde.
obwohl sich solche signal in der jetzigen börsenphase oft schon als fallen herausgestellt haben, sollte man vorsichtig sein und evtl. ein stoppkurs setzen bzw. schlafpille nehmen.
das risiko bei den werten ist hoch, genau wie die chancen- zusammen mit der enge der werte kommt eine hohe volatilität zustande. das sollte jeder wissen, der in diesen aktien investiert ist.

@xx10
dch ist sicher auch ein interessantes unternehmen, doch hat es oft seine gründe, warum bestimmte aktien in boomphasen nicht mit hoch gezogen werden. dch ist eine solche.

gruß
epicuraul
Avatar
06.10.00 10:59:56
habe mal einen chart vom start von PLUG hergekramt.




und hier unser baby




wenn hpow eine ähnliche performance hinlegt wie die anderen aus diesem segment, dann könnte das sehr
spaßig werden. wichtig wäre allerdings den richtigen ausstieg zu erwischen ( plug ist ja wieder in den 30igern)




also immer aufgepaßt, das geht hier ruck-zuck hoch und runter.
was mir mut macht, ist die einschätzung von db-alex, das hpow mit als erste mit marktreifen produkten
aufwarten sollte. wenn das klappt, dann geht`s bestimmt gewaltig ab.

ich denke, unser baby muß erst noch richtig wach werden.
siehe auch fcel und bldp,die haben das auch schön vorgemacht.

gute nerven braucht man allerdings.

grüße,
bbe
Avatar
06.10.00 11:50:10
@ epicuraul ich hoffe du bist mir nicht sauer für dieses Statement

Sicher ist dies bei manchen Aktien so. Bei DCHT glaube ich aber, dass es der kürzliche Wechsel von der spekulativen OTC zur Amex war. Die Firma muß jetzt das Vertrauen der Anleger finden, was durch eine gute PR geschehen könnte. Meiner Meinung nach ist DCHT sicherlich noch nicht so aufgepumpt wie HPower.

@ bbe
Ist es denn nicht auch vermessen HPower mit Plug zu vergleichen?
HPower prouziert so viel ich weiß keine Brennstoffzelle oder?

Und wer an diese Art von Aktien rangeht sollte auch etwas skeptischer sein.

-- Fuel cells are a technological marvel. But there are sizeable obstacles (noted below) to their widespread adoption in homes and cars for the next decade, and perhaps longer.

As in any sector where share prices have run-up on simple enthusiasm and momentum, there will at some point be a day of reckoning.




While stock prices for some major fuel cell companies such as Ballard Power Systems [BLDP] and Plug Power [PLUG] are well below their 52-week highs, their P/E multiples, and multiples for the sector in general, are still extremely high. They are so high that there is no fundamental justification for them. As in any sector where share prices have run-up on simple enthusiasm and momentum, there will at some point be a day of reckoning.

Driven by the belief that fuel cells will revolutionize the huge conventional heating and automobile engine markets, fuel cell stocks continue to trade at excessive valuations. Ballard`s market capitalization to sales ratio is around 240; Plug Power`s is around 114. If, instead of losing money, each company had a profit of US$0.01 per share, the price-earnings multiples would be easily in excess of 3,500. Other fuel cell stocks that are still near their highs are at even more excessive multiples.

But despite the lure of cheap hydrogen "burning" power with only water-vapor exhaust, the fuel cell revolution isn`t about to happen anytime soon. When the market comes to this realization, fuel cell stocks will be in for a rough ride--just like broadband, Linux and wireless stocks ran-up and then fell down.

The short-term prospects for widespread fuel cell adoption--and hence sales and profits--are not particularly good, even if the long-term potential of fuel cell technology is great. "We are [not] all going to be humming around in hydrogen-powered vehicles anytime soon. Even the most enthusiastic fuel cell proponents estimate the transition will take from 20 to 40 years," says respected technology magazine Red Herring.

"My guess is that hydrogen will not reach the same level of acceptance in the transportation industry as oil until 2050," says Karl Jessen of consulting firm Yankee Group.




Less enthusiastic observers predict the time frame will be longer: "My guess is that hydrogen will not reach the same level of acceptance in the transportation industry as oil until 2050," says Karl Jessen of consulting firm Yankee Group. The chairman of the Fuel Cell 2000 conference, Peter Faguy, says: "The public [fuel cell] focus has been on cars, but the cost is a huge issue. We have to lower the cost of just about every component."

Even if component costs are brought down to acceptable levels, mass auto industry use over the short-term is unrealistic. There is currently no new mass production automobile platform under design or planned for that incorporates a fuel cell "engine." Given auto industry design-to-production timetables, this indicates all new mass production cars and trucks introduced over the next 10 years, at least, are going to be conventionally powered.

Auto manufacturers` research and development (R&D) spending also fails to indicate mass adoption of fuel cells any time soon. The oft-cited $1-billion-plus investment by Daimler-Chrysler [DCX] for long-term funding of Ballard`s R&D pales in comparison to what Daimler-Chrysler, Ford [F], GM [GM] and other major auto companies are spending on developing conventional gas and diesel engine technology. In fact, R&D spending and forward product plans indicate there will be a significant shift not from gas to fuel cell auto power over the next 5 to 10 years, but from gas to diesel.

Should fuel cell cars make the leap to mass production, there is no guarantee they will sell. There are many extremely well-developed, stylish, sophisticated, high fuel economy, low/zero emissions, duel fuel, hybrid or electric vehicles on the market. They do not sell in volume. What sells is exactly the opposite: Ford Expeditions, long wheelbase minivans, Chevy Tahoes, 1/2-3/4 ton pickups.

As for mandates requiring certain percentages of cars sold within a state to be zero emissions, these have not proven to be etched in stone. Instead they have been pushed back when the automakers have been unable to reach the numbers. It does not particularly matter whether a state mandates that 10% of new cars sold within its borders be zero emissions if the mandate is simply pushed back when the automakers cannot reach the 10% target.

Widespread adoption of fuel cells for residential housing may happen over the long-term, but is highly unlikely over the next five to 10 years.




Fuel cells face a similarly difficult situation when it comes to achieving mass sales for home heating use. Widespread adoption of fuel cells for residential housing may happen over the long-term, but is highly unlikely over the next five to 10 years. Any expectation of rapid short-term fuel cell sector sales and profitability growth from housing is most likely unrealistic.

First, there is the question of obtaining product certifications for residential housing use. Evaluation bodies will not issue certifications for prototypes--the fuel cell companies will be required to provide final production units from their actual manufacturing plants, not from their R&D departments. After they are able to do this, the certification process itself will likely take from one to two years and will apply to products on an individual basis rather than to fuel cell heating units in general. Without certifications, volume housing market sales will be impossible.

Even with them, the volume sales may be a long time coming. When the fuel cell companies get their products through engineering approvals and certifications, they will still be faced with several difficult problems to overcome--problems that involve growing from R&D companies to companies with the infrastructure to manufacture and sell product.

It is likely the evaluation and certification bodies will impose a restriction that only certified, trained installers who are either direct employees of the fuel cell companies, or who have been trained by the fuel cell companies, install the heating units. So the fuel cell companies are going to have to know construction as much as they know fuel cells.

Then the issue of why contractors will want to install fuel cell heating units will have to be addressed. Residential developers will not pay contractors any more to install a fuel cell "furnace" than to install a regular furnace. If contractors can make just as much money installing a natural gas furnace, there is no incentive for them to install fuel cell units.

This is a real issue that has always held back progress in the residential construction industry. Concrete block construction is inefficient, expensive and of inferior quality to almost all alternatives. Yet it is still a very major type of construction method because contractors do not always make more money using the alternatives.

The long-term future of fuel cells is probably quite good, but the time horizon for widespread fuel cell acceptance is far enough away that investors should be wary of jumping aboard a sector that is trading on unrealistic momentum.




For similar reasons, it may be very hard convincing residential developers to use fuel cells. Residential housing development is a game of margins and developers do not specify products that cut into margin. It is hard to see fuel cell companies offering their "furnaces" at similar prices to conventional heating units without taking big losses because they do not have the business volume to have scale efficiency in production.

And if fuel cell "furnace" prices are above the cost for conventional heating units, they simply will not have a chance. This is because developers will in all likelihood decide that they will not be able to recoup the extra cost in their new home selling prices. The mass market of home buyers does not pay extra for energy saving or environmentally friendly features. If it did, triple-glazed windows, heat pumps and extra insulation above minimum building code requirements would sell. They do not sell and developers do not put them in their construction.

Instead, the mass market of home buyers pays for features that add to home resale value such as granite countertops, nice kitchen cabinets and whirlpool tubs. In fact, a very strong argument can be made that fuel cell heating will detract from resale value because buyers will not want the risk of having an unproven heating unit.

The long-term future of fuel cells is probably quite good, but the time horizon for widespread fuel cell acceptance is far enough away that investors should be wary of jumping aboard a sector that is trading on unrealistic momentum. Just like broadband stocks, Linux stocks or any other area that has had big momentum trading gains, there will be a point where the momentum falters and then disappears. For fuel cell stocks, this will happen when the stock market realizes the difficulty fuel cell companies will have in generating consistently strong sales growth and profitability until many years from now.
Avatar
06.10.00 12:41:22
@XX10

bitte um aufklärung .
bbe
Avatar
07.10.00 01:25:07
so, es ist geschehen.
die trendwende ist vollzogen.
das beste wäre jetzt die reißleine zu ziehen und wenigstens einen teil der aktien zu liquidieren.
ob das angesichts der undifferenzierten und allgemeinen abschlägen sinn macht, sei dahin gestellt.
keine frage, die zukunft sieht rosig aus, aber es ist wichtiger geld zu verdienen als recht zu behalten.

gruß
epicuraul
Avatar
07.10.00 03:40:01
Some of you may have noticed the steep drop in the overall math of the index. It is related to false pricing data available on the net for FCEL, a major component. My explanation is here:

http://www.herecomesmongo.com/ae/bad_data/bd.html

jl

PS: It may interest some of you to know that in the Vice-Presidential debate last night, the Democrat mentioned the importance of developing Fuel Cells.
Avatar
07.10.00 07:43:31
@Okris

thanks for your contributions. your fc-index is a rather valuable indicator for anyone who`s investing in fuel-cell stocks.
though there haven`t been much echo i`m pretty sure your efforts are very appreciated here.


thanks
tomoffel
Avatar
08.10.00 17:56:17
When I realized that so many visitors were coming from Germany, I wanted to try and keep you guys appraised so you would know what was going on. We are trying to make a new site for fuel cell information and a few other related matters, and when it`s up I`ll make a post. I`ll mention to the webmaster the need to make a German Language version. I bought some language translation software yesterday (Universal Translator - standard) but it is so buggy and inadequate that I cannot even get it to start up so I can make this post in broken German.

I noticed this article yesterday, and since it might not show up in any of the usual places (since it is on the Canadian wire and none of the stock symbols are tagged, within it) I thought I`d bring it to the attention of the group.

http://ca.dailynews.yahoo.com/ca/headlines/ts/story.html?s=v…
Avatar
14.10.00 09:21:59
Hier die wichtigsten Innvationen im Energiesektor bis 2010:

The expert focus group from Battelle, and the aforementioned labs, has identified the Top Ten most economically impactful energy innovations by the year 2010. They include:

1. A shifting energy industry structure: Substantial innovations in the energy industry and its energy Technologies are occurring. Deregulation of the natural gas and electric utilities will continue, resulting in more competition and more mergers. Small, independent
utilities will decline and be swept up into the emerging
SuperUtilities. Oil companies will become energy companies, competing in both the mobile and stationary energy markets. New players, such as automobile companies, may emerge as formidable influences in the energy industry. "The convergence of the electric, gas, telecommunications and water industries likely will result in one-stop shopping," said Henry Cialone, VP and General Manager of Energy Products at Battelle.


2. Hybrid Vehicles: With $2 a gallon gas prices still fresh in the minds of consumers, the idea of hybrid cars doesn`t sound so bad. Mileage of seventy-miles-per-gallon will create a lot of converts. The first generation of these vehicles is already here in a sporty two-seater from Honda. Hybrid vehicles use smaller, more efficient internal combustion engines and use power from electric batteries for an extra boost during acceleration. "U.S. automakers have produced a next-generation of hybrid concept cars that will pave the way to 80 mpg, five-passenger sedans," said Tony Schaffhauser of Oak Ridge National Laboratory. However, while making progress in the next 10 years, full transition may require decades.

3. Smart Energy Management Systems: In the way that computers and the Internet are radically changing our economy today, they`ll change energy systems even more so in the future. Computers, the Internet and Global Positioning Systems will increase the efficiency of transportation. They`ll reduce congestion and traffic delays and be used in heating, air conditioning, household appliances and business equipment. They also will play vital roles in efficiency of energy production and distribution systems such as pipelines, refineries, power plants and transmission lines.

4. Distributed Power Generation: Some experts are saying the current national power grid may not be able to meet skyrocketing demand. Power grids of this scale are on the way out. Major blackouts due to storms and overloading of the grid will become a thing of the past. "People and businesses are demanding more reliable power sources," said Bobi Garrett, from the National Renewable Energy Laboratory in Golden,Colo. "The economic cost of a power disruption in information-driven business like finance and e-commerce, is extremely high," she said. Power may be generated locally for neighborhoods and individual residences and businesses. This will be done via micro-turbines, internal combustion engines and fuel cells. There will be an increased used of natural gas because it`s clean, cheap and available.

5. Fuel cells: There has been a lot of progress in fuel cell technology over the past 10 years, but much more needs to happen over the coming decade. Fuel cells will become increasingly popular for transportation and for portable and stationary power generation over the next decade. "These systems will provide power at competitive rates while drastically reducing the impact of power generation on the environment," said Don McConnell, Associate Lab Director for Energy Science and Technology at Pacific Northwest National Laboratory. Before being accepted by the public, fuel cells must be made smaller
and cheaper.

6. Gas to Liquid Conversion: Scientists predict the development of chemical engineering processes to transform hydrocarbon compounds from gases to liquids. This will permit more flexible use and storage of fuels. One example is the conversion of natural gas to diesel fuel for transportation. "Gas to liquids technology offers an exciting, economically attractive opportunity to convert natural gas from remote locations-which otherwise would be wasted-into easily transported and inherently clean fuel," said Denny Stephens, Senior Research Scientist for Battelle`s Energy Products.

7. Advanced Batteries: Batteries will continue a 20-year trend of advancements into the next decade. These next-generation batteries will be based on lithium polymer technology and have about three times as much energy capability as those currently on the market. These developments will play a more crucial role as we make the transition to hybrid and electric vehicles. Consumers also will see better batteries for laptop computers and cell phones.

8. Energy Farms: The use of bio-engineered crops for fuels will be hurried along by the genetic revolution that permits cultivation of crops to produce fuels such as ethanol. "We will grow gasoline, so to speak, to lessen our dependence on imported oil," Millett said. "With advances in DNA engineering, we will be able to grow energy as well as food crops."

9. Solar Energy: We`ve heard about this for a long time and it`s still hanging tough. That`s because it`s onsidered the ultimate sustainable energy form. It`s also difficult to capture and store large quantities in a cost-effective manner. But Battelle experts see substantial
improvements over the next decade. "Advancements have been made using solar energy for the heating and cooling of buildings, and recent advances in the solar cell efficiency hold the promise of making widespread terrestrial application a reality," said NREL`s Bobi Garrett. Progress is continually being made in the development of efficient photovoltaic cells.

10. Methane Hydrate Crystal Mining: Geologists have discovered rich deposits of frozen natural gas crystals on the ocean bottom. "Tapping this reserve would be a quantum leap in our ability to provide energy for the future. Although some new government programs are exploring recovery methods and associated ramifications, there haven`t been any commercial attempts to retrieve this vast reserve," said Gary Brawley,Program Manager in Battelle`s Equipment Development and Mechanical Systems Department. It is expected that this energy source will emerge in the next decade to add to our natural gas production.


Battelle focuses on technology development, technology commercialization and laboratory management. Headquartered in Columbus, Ohio, Battelle has annual revenues of nearly $1 billion and more than 60 locations throughout the world.

For more information contact Media Relations Manager Katy Delaney, (614) 424-5544 or by e-mail at delaneyk@battelle.org

SOURCE: Battelle
Avatar
14.10.00 17:09:32
Hi Leute,
ich hab jetzt den Thread mehrmals durchgelesen abber immer noch nicht die URL von Okris wo der Index dargestellt wird gefunden.
Könnte jemand sie bitte nochmal reinstellen.
Danke miura
Avatar
15.10.00 06:24:34
If I read your question correctly, you are asking for some URL`s:

My main index site is here:
http://www.herecomesmongo.com/cgi-local/tokens.pl?/ae/ae.htm

Within a month or two, the fuel cell index may be moved to a more respectable site that Dr. Wilder is putting together. I will post a redirection at that time.

Two sites which reference my site are here:
http://www.h2fc.com/companies.html

and, in German, here:
http://www.moneygeld.de/h2o/center-h2o.htm
Avatar
15.10.00 16:00:26
hey
schade,schade.
hpower konnte vom hype am freitag,im gegenteil zu mcel,nicht nach
oben gezogen werden.hpow beendete den tag mit einem leichten minus.
der boden sollte nach diesem massiven abgaben wohl endlich gefunden
sein.hoffentlich.
gruss,piddy
Avatar
16.10.00 11:35:46
@piddy

habe mich auch ein wenig über das minus bei den vorgaben gewundert.
wenn der nasd.-future nicht mit 1,4 % im süden wäre, hätte ich schon eine order in ny aufgegeben.
aber ich befürchte gewinnmitnahmen nach dem freitag.
allerdings bekomme ich hpow im moment für ein drittel weniger als die, die ich schon habe.
weiß auch nicht so recht, ob ich jetzt schon nachkaufe, oder doch noch etwas abwarte.

mfg...bbe
Avatar
23.10.00 15:29:21
hey
news zu hpow
nasdaq.com
gruss,piddy
Avatar
23.10.00 17:30:28
here are the news:

H Power Corp. Signs Agreement With SGL Carbon to Develop
Low-cost Graphite PlatesNew Plates Will Cut H Power`s
Primary Component Costs Up To 90%; Agreement Marks
Major Step In Rollout Strategy

CLIFTON, New Jersey, Oct 23, 2000 (BUSINESS WIRE) -- H Power
Corp. (Nasdaq: HPOW ), a leading fuel cell development company,
today announced that it has signed a "Memorandum of Understanding"
with SGL Carbon (NYSE: SGL ) to jointly develop cost-effective
graphite plate components customized for use in H Power Corp.`s
proton-exchange membrane (PEM) fuel cells.

H. Frank Gibbard, chief executive officer of H Power Corp.,
commented, "Using molded graphite plates instead of machined plates
will reduce the cost of this essential fuel cell component by as much
as 90 percent. Working together with SGL Carbon, the world`s premier
supplier of carbon electrodes and other carbon-based specialty
products, we anticipate delivery within a year and resulting significant
cost savings.

"Making fuel cells more affordable by reducing our costs is a major
aspect of H Power`s rollout strategy. As we plan our buildup to meet
anticipated order flow, molded graphite plates will provide consistent
high quality and lower costs."

In addition to the joint development of new low-cost graphite plates,
SGL Carbon will continue to supply H Power with other carbon and
graphite PEM fuel cell components that will further trim manufacturing
costs and make the company`s products more competitive.

The high cost of graphite plates and papers is the principal driver of
fuel cell stacks and their high cost, which this agreement should
overcome, and is an obstacle to widespread commercialization of this environmentally benign
technology. Under terms of this agreement, SGL Carbon will both design and manufacture
cost-effective components. SGL Carbon currently produces and supplies large volumes of
SIGRACET(R) Bipolar Plates and Gas Diffusion Media.

About SGL Carbon

SGL Carbon is the world`s largest producer of Carbon and Graphite products. The company is
a supplier of graphite electrodes and specialty graphite articles for the semiconductors,
metals, glass, ceramics, chemicals and electrical industries, and carbon fibers, composites
and graphite papers, foils and felt for aerospace, chemicals and automotive applications.

About H Power Corp.

H Power Corp., is a leading fuel cell development company and one of the first providers to
complete a commercial sale of a proton-exchange membrane (PEM) fuel cell system. PEM
fuel cells generate electricity efficiently and cleanly from the electrochemical reaction of
hydrogen and oxygen. Hydrogen is typically derived from conventional fuels such as natural
gas or propane, and oxygen is drawn from the air. H Power`s fuel cells are designed to provide
electricity for a wide range of stationary, portable and mobile applications including residential
cogeneration products for rural, remote homes, and backup power units for mobile
applications.

For additional information, please visit our website at www.hpower.com .

Certain expectations and projections regarding the future performance of H Power discussed
in this news release are forward-looking and are made under the "safe harbor" provisions of
the Private Securities Litigation Reform Act of 1995. These expectations are based on
currently available competitive, financial and economic data along with the Company`s
operating plans and are subject to future events and uncertainties. Management cautions the
reader that the following factors, amongst others, may cause H Power`s plans to differ or
results to vary from those expected, including the impact of competition, pricing, market
demand and marketplace acceptance, and other risks set forth from time to time in H Power`s
filings with the Securities and Exchange Commission, including, but not limited to the risks
set forth in H Power`s Registration Statement on Form S-1. H Power undertakes no obligation
to publicly release the results of any revisions to forward-looking statements, which may be
made to reflect events or circumstances after the date hereof or to reflect the occurrence of
unanticipated events. The events highlighted herein should not be assumed to be items that
could affect the future performance of the Company.

CONTACT: H Power Corp.
Thomas Michael, 973/249-5444 ext. 500, (VP)
or
The Dilenschneider Group
Joel Pomerantz or Ken Di Paola, 212/922-0900

URL: http://www.businesswire.com
Today`s News On The Net - Business Wire`s full file on the Internet
with Hyperlinks to your home page.

Copyright (C) 2000 Business Wire. All rights reserved.

gruß
bbe
Avatar
27.10.00 01:53:55
Ich sprach mit Beziehungen zwischen den Investoren heute an Stuartenergy.com (HHO auf dem Torontoaustausch) und er erwähnte unter anderem eine Firma, die ich nie gehörtes Dynetek wurde (DNK auf dem Torontoaustausch) das ein sehr neues IPO ist, ich schätze. Sie tun Speicherung H2 und sind nicht weit dennoch auf den üblichen Seiten behandelt worden, also dachte ich, daß Sie Halteseile würden wissen wollen. Hoffen Sie Arbeiten dieser alta-vista.comübersetzung Sache o.k..

Er erwähnte auch einen Richtlinie-von-Daumen 1kg der Gleichgestellter H2 ungefähr 1 Gallone Benzin, im Energieinhalt. Art des Interessierens.

Dank für die Eintragung der Sache Batelle. Batelle wird nicht weit behandelt, weil er nicht öffentlich gehandelt werden, aber ich glaube ihnen, ein Hauptspieler in allen diese Alternative-Energieentwicklungen zu sein.
Avatar
02.11.00 10:28:21
Heute morgen schon lebhafte Umsätze bei H Power! gesehen.
Der Chart (US) gab wohl ein Kaufsignal.

Gruß Agio
Avatar
02.11.00 12:24:39
ballard powers angebot für die mcel aktien hat wohl wieder bewegung in die branche gebracht.
auch wenn die aktien noch unter zeitweisen lethargie-anfällen zu leiden haben, so ist hier doch eine branche, die gerade aufblüht.
hpow sollte davon gut profitieren können.

@agio , ich gebe dir recht, ich habe auch ein technisches kaufsignal gesehen (22$-hürde wurde genommen)- die konsolidierung scheint beendet.

gruß
epicuraul
Avatar
02.11.00 20:35:43
Ups, nach den Kursständen in NY könnte es sich um eine klassische Bullenfalle
gehandelt haben. Man lernt an der Börse halt immer wieder dazu. Aber abwarten!
Bei Brennstoffzellenaktien braucht man sowieso eine ruhige Hand.
Ballard Power habe ich (bei Käufen im Durchschnitt
zu ca. 26) bisher immer behalten - und das war gut.

Gruß Agio
Avatar
09.11.00 19:11:17
Avatar
11.11.00 16:14:37
weiß von euch jemand, warum hpow gestern um sage und schreibe 22% gefallen ist?
oder ist keiner mehr investiert ?
bitte melden, ich mach mir echte sorgen!
gruß
bbe
Avatar
11.11.00 17:05:57
hey
tja,üble abfahrt die letzten tage.warum?keine ahnung.
hab gestern auch mal alles abgesucht.hab nur eine info unter
www.cnetinvestor.com
gelesen.die war aber positiv.
gruss,piddy
Avatar
12.11.00 13:57:55
die abkühlung ist erfolgt und HPOW bewegt sich ungefähr auf emissions niveau. fundamental hat sich nichts verändert - das sieht nach einem guten einstiegskurs aus - meinungen ?
ich bin jedenfalls ab morgen dabei.
Avatar
12.11.00 14:27:33
------------------------------------snip-------------------------------
BlueStone Capital Partners Announces Investment Opinion on H Power Corp.

WEDNESDAY, NOVEMBER 8, 2000 5:21:00 PM EST

NEW YORK, Nov 8, 2000 (BUSINESS WIRE) -- Analyst Walter V. Nasdeo of BlueStone Capital
initiates coverage on H Power (HPOW; NASDAQ-$8.19) with a 1-1 (Outperform - Outperform)
investment rating. The intermediate target price is $25 and long-term target price is $35, according to the
analyst.
[...]
------------------------------------snap-------------------------------
http://www2.marketwatch.com/news/article.asp?doctype=2005&va…

@Okris
do you have any opinion about the recent trading options offered ?
Avatar
12.11.00 19:51:00
In response to your question:

The link that you provide is broken, but there is a recent story on HPOW options. I am not sure if you`re asking about the new "options" on HPOW (I seldom trade options... you give away too much on the premiums, and you just have to be so damn good to make any money at all) or on the more general question of whether the recent semi-crash has presented us with various "options" (i.e.: opportunities) in the fuel cell sector.

I do believe that the recent drops probably present some opportunities, though I have been too busy to really focus on how to take advantage in my own portfolio. I`m currently in MWGP. As mundane as it may be, they make a bit of ethanol (about 30% of their revenues give or take) and they are better-run than HIPC, the only pure-ethanol play.

But, focusing on the more mainstream fuel-cell stocks the only thing that caught my eye recently was the up and coming NVRA IPO, because they have something to do with Arthur Little. I think Arthur Little is one of the more important and respected players, though seldom talked-about because they`re private. In an article a year or two ago, an A. Little person focused on US efforts in fuel cells, as against the Ballard effort. He discussed at length the issue of using various fuels (gasoline, methanol, etc.) and reforming it on board, the importance of reducing sulfur, etc. In a cynical moment, I theorized that the US wants to make sure to violate some of the Canadian patents and is making sure that such companies as. Arthur Little at least do not let the Canadians have too much of a jump. I think this is over-cynicism, but I do look for a particular focus on using existing-infrastructure fuels such as gasoline.

Anyway, the basic answer unfortunately is that I have simply been too busy to try to focus on trading opportunities and making money. I guess there`s a difference between the autistic arithmetic I do to calculate my indexes and write my opinions, and the more profit-oriented thoughts I`d need to try to make money. I actually don`t spend that much time on the latter.

One of my partners mentioned looking into buying some MKTY, on the price-drop, if that seems like it might be a helpful idea.

Now that you have asked this question, I do think it would be really interesting to take a few days this week and look at some of the charts and see if any of the fuel cell stocks, or related, appear to really present a good short-term trading. But when I get into that kind of thinking, I usually just end up going too long or even buying calls and watching in frustration with myself for having tried to go short-term. Ironically, I think the street would rebound if Gore would get the hell out of the way, even though Gore is the environmental guy.

I might add that I know very little about HPOW, as they are a relatively recent addition requested by my partner Dr. Wilder and by Redstone, the guy at h2fc.com

Sorry for the English but I guess the alta-vista thing will work ok if you want to translate. Funny, when I posted here in German the other day, I literally "didn`t know what I was talking about". :-)

FWIW, my Post-script is that the other stocks in my portfolio at present are mostly solar and ev-related. I lost quite a bit on APWR`s crash following the negative government lawsuit, but still got out with quite a profit. I`ve made a nice short-term very sharp gain on SPIR, one of the only other solar plays. In trying to put together a solar index, I`ve run across a good web page at www.eco-web.com which covers quite a few European companies. They aren`t good about linking the stock symbols directly. I can`t make much use of the information to trade because I have no access to Euro stocks, but maybe you guys will find it interesting.

Taking one last off-the-cuff look at which fuel-cell stocks might present short-term trading options this week, it might be useful to line up the whole batch of them and look at their charts. Here are my symbols for doing this quick-and-dirty:
Index:
AVA BLDP DCH ENER FCEL GLE.TO HPOW IMCO
MCEL MDTL MHTX.OB MKTY PLUG PRBL.OB
PRTN SATC SYNM
Others:
ALTI ASRF.OB DNK.TO DQE DTE EGYV.OB HBTI.OB HHO.TO IDA KSE MAG NVRA SGL SOC STG.V SUDI.OB TTC.V

regards,

jl
Avatar
25.11.00 11:52:05
@all
hi leute !

erst einmal der aktuelle chart:



charttechnisch ist die sache weiterhin als nicht so gut (scheiße !) einzuschätzen !
aber,die frage ist eigentlich eine andere, warum fällt hpow immer
gegen den trend ?
gestern haben sich alle unternehmen aus diesem sektor dem trend angeschlossen,
und haben gut im plus geschlossen.
hpow dagegen hat intraday sogar die 10$ durchbrochen.
hatte eine order in ny zu 10$, die ist leider nicht bedient worden.
(ihr seht, ich bin weiter in hpow investiert ).
in einem posting weiter oben hab ich den damaligen preis mit
zwei drittel meines einstandspreises beziffert, jetzt sind es tatsächlich nur noch
ein drittel !
so langsam tut die sache weh,und ich weiß eigentlich nicht, ob ich froh oder traurig
über die nichtausführung von gestern sein soll.
ich wäre also froh, wenn sich von euch jemand mal
äußern würde,so denn noch jemand investiert ist.

ein ratloser bbe
Avatar
25.11.00 16:16:06
Hi bbe,

bin genau so ratlos wie du. Ich kann mir die das Ausbleiben
eines Kursanstiegs auch nur so erklären, daß gestern
die "großen" in dem Geschäft" z.b. Ballard anzogen und
Werte wie h power wohl erstmal (noch) vernachlässigt werden.
Es fehlt halt an langfristiger Erfahrung und in solchen Phasen
der Unsicherheit suchen Investoren genau solche Werte nicht.

Ich verspreche mir zum Beispiel von der Zusammenarbeit mit
SGL Carbon wertvolle Impulse, doch das ist vor allem ein
Spiel auf Zeit. Ich kenne die SGL Leute ganz gut und glaube
nicht, daß sie sich einen Partner ausgesucht haben, der
mangelhafte Potenz aufweist.

Also, mein Tipp, zuerst mal eine Trendwende abwarten und
lieber den ersten 10% hinterherlaufen, als weitere (aus
charttechn. Sicht sicherlich denkbare) Verluste zu riskieren.

Ein langer Atem ist bei solchen Investements eh gefragt.

Gruß Agio
Avatar
26.11.00 09:18:01
hey
bin auch noch in HPOW.
sieht zwar im moment uebel aus,aber ich denke auf langfrist
gesehen kann man die teile ruhig liegen lassen.
du brauchst dir ja nur mal die letzten news in diesem sek-
tor durchlesen,dann ist abzusehen das das ein invest in die
zukunft ist.
wollte am freitag basket kaufen(WKN 575722)weil ich irgend-
wie eine ahnung hatte(CPST z.b.),bin aber leider nicht zum
zuge gekommen,aber ich denke in den kommenden wochen kann
man nochmals zuschlagen.
gruss,piddy
Avatar
28.11.00 17:31:40
hey
heute unter 10$ gefallen.
habe alles abgesucht,konnte aber nichts negatives fuer diese
anhaltende talfahrt finden.im gegenteil.div.positive anal-
lystenstimmen,neuer test in france.vielleicht zeit zum
nachlegen.
gruss,piddy
Avatar
28.11.00 17:41:00
wird HPOW mit EUROGAZ betrieben ?

wer weiß mehr ?

:cool:
Avatar
28.11.00 18:18:28
@piddy

hab gestern kurz vor handelsschluß *VERBILLIGT*!!!!!!
zu 10$ glatt.
was heute nun wieder los ist, ich weiß auch nicht mehr weiter.
bei den amis weiß man aber auch nie, woran man ist.
wenn die so weiterfallen, sehen wir noch die 5$.
dann werd ich wohl noch mal verbilligen müssen.
na hoffentlich liege ich damit nicht total daneben, das wäre
echt übel.
manchmal ist es wirklich nicht so einfach.

grüße
bbe
Avatar
29.11.00 06:59:43
Habe gestern meine auch nochmal verbilligt zu 9$. Die ganze
Sache gefällt mir aber nicht mehr. Allerdings sind auch die
meisten anderen Werte PLUG BLDP FCEL DCH im Sinkflug.
Hoffe dass wir nicht mehr bei 5$ zukaufen müssen. Grüsse
:-(
Avatar
29.11.00 17:30:17
hey
puuuh.momentan unter 8$.
das einigste was mir noch zu der abfahrt einfaellt,weil
ich nirgendwo negative news sehe
tax selling
depot bereinigung in amerika.
sonst faellt mir nichts mehr ein.
gruss,piddy
Avatar
30.11.00 06:52:39
yeah man
kann weit und breit auch nichts negatives finden, im
Gegenteil (Versuch mit Gaz de France, Vertrag mit SGL Carbon)
Scheint allgemein eine Bewegung weg von den Fuel Cell Titeln
zu sein. Der Gedanke nochmals bei 5 nachzukaufen macht mir schon
etwas mulmig andererseits nach dem Artikel in der FAZ vom
28/11/00 haben wir es hier doch mit der ultimativen Zukunfts-
technologie zu tun.
grüsse Timon, :-(( sniifffff
Avatar
30.11.00 10:21:27
Tach zusammen !
Kann mich eigentlich nur einreihen in die Fraktion der sprachlosen Investierten. Die einzige negative Nachricht, die ich auftreiben konnte sind zwei Insiderverkäufe, die allerdings schon Mitte September in der Bullenphase von H Power und Genossen durchgeführt wurden. Gab es denn vielleicht bei einem der anderen Brennstoffzellenwerten irgendwelche Katastrophen-News ?
Gruss,Noogman
Avatar
30.11.00 11:30:44
Die Katastrophenmeldung heißt George W. Bush - wenn ihr mich fragt.
Olgo
Avatar
30.11.00 15:42:43
hey
BBE
jetzt noch zu verkaufen wuerde eh nichts mehr bringen.na ja,
da hab ich neben einem toten chinesen eben noch einen toten
ami im depot.
sehe die langfristigen aussichten trotzdem sehr positiv.
deswegen werde ich noch einen fond(fuer meine rente)in
diesem bereich zeichnen.hab da heute einen von DWS gefunden
nennt sich new energys,565128.werde mir den ma naeher an
gucken.wenn du noch einen kennen solltest?
gruss,piddy
Avatar
30.11.00 18:23:40
titel die momentan aus fantasie bestehen und zudem negative eps vorweisen werden bei dieser korrektur abgestraft. wieso sollte der fuel cell sektor da eine ausnahme sein ? es gibt keine katastrophenmeldung und mr.bush würde die langfristige kursentwicklung dieser werte kaum beeinflussen. wenn man sich den landess-wilder fuel cell index (weiter oben) anschaut muss man ja kein einstein sein um zu sehen das immer noch etwas luft nach unten ist. fundamental hat sich im vergleich zum oktober jedenfalls nichts verändert - zumindest nicht zum negativen.
wie würde sich eigentlich eine übernahme (bei den kursen nicht unwahrscheinlich) auswirken ??

nach markcap:
sym/markcap/eps

BLDP.$..5620..-0,49
FCEL.$...815..-0,17
PLUG.$...518..-1,75
C:GLE$...398..N/A
HPOW $...334..-0,55
ENER.$...322..-0,97
MDTL.$...284..-1,43
MCEL.$...269..-0,57
C:HHO$...242..N/A
PRTN.$...233..-29,93 (!)
MHTX.$...197..N/A
HYGS.$...190..-0,09
IMCO.$...172..+0,10 p/e 172
MKTY.$...137..-0,37
SATC.$...128..-1,09
DCH..$....71..-0,32
PRBL.$....23..N/A
Avatar
30.11.00 19:04:26
ja ja, so ist`s halt,

nu haben wir eine fünf (!) vorn, und dann kommt tatsächlich
gleich das komma!
werde jetzt eine order aufgeben,die hälfte von meinem (rest)-geld.
wenn ich den rest cash da reinhaue, hab ich auf 9$ verbilligt,
ob wir die jemals wiedersehen, ich hab keine ahnung mehr !
was soll`s, ich kann meiner tochter ja ruhigen gewissen`s
erzählen, wofür ich unser vermögen verbraten hab: für iiiiiihre
zukunft hab ich in eine GRÜNE axzieeee investiert (verheizt).
was nimmt man nicht alles für opfer auf sich, für diese kinder !?

grüße
bbe
Avatar
01.12.00 15:57:35
hey
BBE
na ja,die kinder werden es dir eines tages danken.oder in
einigen jahrhunderten,wenn das teil da sein sollte wo es
mal war.
gestern habe ich bei hpow das groesste volumen ever gesehen.
natuerlich ueber 205 runter,bei ueber 1,2 mill.shares.
die frage ist,wer verkauft da noch?
momentan ist hpow zwar ueber 17% im plus,was aber nur ein
schwacher trost ist.
hey BBE vielleicht solltest du dir noch ein BSE an dein
nickname haengen,wuerde die momentane situation bei den
fuel cells gut beschreiben.
gruss,piddy
Avatar
01.12.00 17:07:29
hey piddy

bse ... hihi, der ist gut, ich weiß nur nicht wie ich meinen nickname
ändern kann, würd ich glatt machen.

hab die sache gestern mit der order tatsächlich durchgezogen.
hoffentlich geht das gut !
mein einstand ist jetzt bei ca 9,5$, mal sehen, ob ich die kohle
jemals wiedersehen werde ?!

das mit heute und eventuell anfang nächster woche noch mal (plus im markt),
sehe ich im übrigen als eine rein technische reaktion an.
aber eines weiß ich genau, sollte hpow noch mal so richtig durchsacken,
dann geh ich wieder shoppen !
wenn wir die 3 vorn haben sollten, kauf ich die nächste karre voll!
irgendwann bin ich entweder pleite, oder millionär.

ich hab schon sooft falsch gelegen, wird wohl diesmal auch nix anderes werden.
aber dann stehe ich dazu !

die zeit wird es zeigen !
(und der gerichtsvollzieher macht den rest !)

grüße
bbe
Avatar
01.12.00 17:24:37
hey,bbe
momentan ueber 26% im plus.wer gestern gekauft hat kann sich
freuen.ein nettes plus.
ich werde in den kommenden tagen mal in den staaten rumsur-
fen und mak schauen ob ich einen guten mutual-fund fuer
new energys finde.den traue ich mehr management und erfahr-
ung als den deutschen zu.sind auch naeher am geschehen.
komme gerade aus der sauna,und fuehle mich so zusammen-
gefaltet und ausgelaugt wie HPOW.werde jetzt einen zweiten
gang machen,mal schauen obs dann besser laeuft.
bis dann,piddy
Avatar
07.12.00 15:30:31
hey,bbe
auferstehung von den toten im gesammten cell sektor
vor 2 tagen ca.+24%
gestern ca.+34%
gluecklich der,der am montag in HPOW rein ist.
hast du deinen einstand raus?
gruss,piddy
Avatar
07.12.00 17:50:01
hey piddy

gestern war ich sogar zeitweise im plus.
heute geht`s wieder bergab, aber nach dem ritt
der letzten tage war es ja abzusehen.
naja,vielleicht haben wir ja glück, und
die nasi entschließt sich langsam mal zu
einer wirklichen erholung.
allerdings stell ich mir langsam doch fragen,
wegen der vielen warnigs.
hat ja wieder voll reingehauen, das mit mot.
und dann noch die analy`s, jetzt prügeln sie
aber fleißig auf die großen wie msft und intc ein.
weiß auch nicht, was das soll.
die könnten sich doch damit auch mal ein wenig zurückhalten.
aber schließlich sind wir ja auch nicht auf dem spielplatz.
werde nunmehr mit hpow long gehen, immer kann ich ja nicht
falsch liegen.
und wenn ich überlege, in welche branchen ich
sonst investieren sollte, da fällt mir im moment
eigentlich auch nur bio ein.
da hab ich allerdings null kennung, daher hab ich mir
den dws-bio gezogen.
da schaue ich auch nie hin, das sehe ich wirklich
nicht unter tradingaspekten.
jeden monat gehen dazu noch ein paar scheine in den pott
rein (automatisch), ist mal was zum *nichtjedentagaufregen*
das reserch ist da auch extrem schwierig,zu viel bömische
dörfer bei der grundmaterie.
mein depot besteht zur zeit also aus genau zwei positionen,
sowie einer ca.30%igen cash-position.
die laß ich aber liegen, für evtl.

trade i.m. ausschließlich os, allerdings seit kurzem nur auf indize`s.
iss genug kick zum *übernachtnichtschlafenkönnen*.

just for fun.

grüße
bbe
Avatar
08.12.00 17:28:06
hey,BBE
heut gehts schon wieder hoch,momentan ca.8,5$.
das teil ist volatiler als alle bio`s zusammen.
hab mein depot auf 70% bio`s ausgelegt,werde aber in der
kommenden zeit umstruktuieren und auf die schaufelfirmen
in dem bereich setzen.haben sich in der abfahrt gut gehalten
und sind auch nicht so stressig wie entwickelnde firmen.
sehe bio auch als DAS invest fuer die kommenden jahre,ge-
folgt von alt.energien.
nebenbei halte ich den gesundheit/pflege-sektor sowie ver-
sorger als sicheres invest.
in diesem bereichen kann man nur im us-markt investieren,da
in europa meines erachtens diese bereiche nicht ausreichend
(performance)gewuerdigt werden.
aber,abgesehen von dem momentan nicht gerade erfreulichen
maerkten halte ich investitionen in die boersen immer noch
als bestes invest,wenn man genug zeit und geduld mitbringt.
meine freundin steht auf sparbuecher.sie grinst zwar im mo-
ment(-in meinem depot)aber eines tages grinse ich breiter.
gruss,piddy
Avatar
11.12.00 13:15:50
If I hadn`t been such an arrogant dumbass in my last post, I`d have simply written "buy puts as insurance" and had done with it.

Anyway, here is our new link with a convenient way to follow the sector:

http://www.h2fuelcells.org/

The NASDAQ had dropped about 49% at one point from its highs in March and April, so I don`t think the fc sector drop is isolated. However, clearly some stocks have been hurt worse than others, including unfortunately IPO`s such as HPOW. Paradoxically, some blue sector stocks, such as the Dow 30 (i.e. the Dow Index), have not fallen much at all.
Avatar
05.01.01 19:39:57
Related Quotes

HPOW
6 11/16
+1/16

delayed 20 mins - disclaimer


Thursday January 4, 10:34 am Eastern Time
Press Release
H Power Announces Release Date for Second Quarter Results
Schedules Conference Call
CLIFTON, N.J.--(BUSINESS WIRE)--Jan. 4, 2001--H Power Corp. (NASDAQ:HPOW - news) said today the company will report financial results for its second fiscal quarter and six months on Wednesday, January 10, 2001 after the close of the market.

Management will host a conference call on Thursday, January 11, 2001 at 11 a.m. eastern time to discuss the company`s financial results and accomplishments during the second quarter. To listen to the call, please dial (877) 841 - 0748. International callers should dial (706) 634 - 1181. The call may also be heard live on the Internet through a link on the company`s website at www.hpower.com and at www.streetevents.com.

Those unable to listen to the live call, may listen to a replay beginning 2 p.m. the same day. The replay will be available until 12 midnight, Thursday, January 25, 2001. To listen to the replay, dial (800) 642 - 1687. International callers dial (706) 645 - 9291. The reference code is 416602. The replay will also be available on the company`s website.


--------------------------------------------------------------------------------
Contact:

H Power Corp.
Thomas Michael, 973/249-5444 ext. 500
Schaun wir mal :)
Avatar
06.01.01 14:15:53
hi @ll

hab ich auch schon gelesen,hauptsache, das geht nicht nach hinten los.

mann,mann, wenn das schief geht..!
was mich für den ganzen sektor allerdings positiv stimmt,
das sind die schwierigkeiten der amis mit der energieversorgung
in solchen wintern wie diesem.
eine unmenge an haushalten waren ja schon von der versorgung
abgeschnitten...!

schaun mer mal!
grüße
bbe
Avatar
12.01.01 12:24:34
Thursday January 11, 5:45 pm Eastern Time
Power technology stocks rise on California concerns
NEW YORK, Jan 11 (Reuters) - The stocks of companies developing promising solutions to potential power problems soared on heavy volume on Thursday as their potential was highlighted by the latest problems in California.

The widely publicized crisis faced by California`s two largest electric utilities -- subsidiaries of PG&E Corp.

(NYSE:PCG - news) and Edison International (NYSE:EIX - news) -- are causing investors to look at makers of solar cells, fuel cells and miniturbines that promise to provide homes and businesses with their own power supplies, according to F.A.C./Equities` power technology analyst, William Fogel.

These companies promise distributed generation -- siting of the power supply where the electricity is needed. This allows the power user to be independent of the local utility`s wires when those wires do not have the capacity to do the job for an entire community.

Fogel said this was behind the investor interest that boosted the stocks of several of these companies 10 to 19 percent on Thursday.

His favorites are fuel cell maker FuelCell Energy Inc. (NasdaqNM:FCEL - news), which was up $7-13/16 to $64-5/16; solar equipment makers AstroPower Inc. (NasdaqNM:APWR - news) and Evergreen Solar Inc. (NasdaqNM:ESLR - news), which were up $4-3/4 to $38-1/8 and 13/16 to $8-11/16 respectively; and Intermagnetics General Corp. (AMEX:IMG - news), which has technology to transmit more power over the wires already in place. Its stock closed up $1-9/16 to $24-11/16.

None of these technologies promise quick fixes. Fuel cells are probably the furthest away as commercial production is not expected until late this year at the earliest. Other companies with models in development include Plug Power Inc. (NasdaqNM:PLUG - news), Ballard Power Systems Inc. (Toronto:BLD.TO - news) and H Power Corp. (NasdaqNM:HPOW - news), which is marketing units capable of producing 35 to 500 watts of electricity and developing a model capable of producing 4.5 kilowatts.

Plug Power was the big percentage gainer Thursday, adding 19.58 percent as it added $2-15/16 to close at $17-15/16 on Nasdaq while Ballard climbed $12.30 to $101.60 on the Toronto Exchange. But H Power`s gain was held to 3/16, to $5-15/16, after management told analysts revenues previously expected in fiscal 2002, ending May 31, would not be earned until 2003 and 2004.

FUEL CELLS NOT YET COMMERCIAL

Millennium Cell Inc. (NasdaqNM:MCEL - news), meanwhile, was up $1-3/16 to $9-1/16. The company is developing processes to deliver the hydrogen used to fuel the electrochemical process fuel cells use to produce electricity.

While commercial fuel cells are a year or more away, Honeywell International Inc.`s (NYSE:HON - news) Power Systems can deliver a 75KW microturbine generator in two to three weeks, according to spokesman Michael Timmermann.

Honeywell stock was up $2-3/16 to $47-3/8, while its merger partner, General Electric Corp. (NYSE:GE - news) was $1-7/8 higher at $46-9/16. GE said Thursday it had resumed stock purchases following Wednesday`s approval of the merger by Honeywell shareholders.

Capstone Turbine Corp. (NasdaqNM:CPST - news), another miniturbine maker, was up $3-1/8 to $29-7/16.

Also benefiting from the investor search for power technology was Active Power Inc. (NasdaqNM:ACPW - news), the manufacturer of the flywheels used in the Caterpillar Inc. (NYSE:CAT - news) UPS (uninterruptible power supply) system.

The lead time on this product -- which provides power quality as well as power reliability -- is about 12 weeks, according to spokeswoman Jennifer Lozier.

She pointed out that the problems now appearing in California are quite common in most of the rest of the world.

As a result, according to Caterpillar spokeswoman Rachele Kunz, the company sold power plants with 20 gigawatts of capacity last year, an increase of 75 percent over 1999. She was not specific about fourth quarter sales, but noted nine month sales were up 40 percent from a year earlier.

In Thursday trading, Active Power was up $2-5/8 to $22-3/4, while Caterpillar added 3/8 to close at $45-7/16.

Da gibt es gewaltige Potentiale !!!!!!!
Avatar
12.01.01 19:11:20
@mbs

i hope so mutch!

die amis merken das hoffentlich auch bald!
die zahlen waren ja nicht gerade berauschend,
hab mich gewundert, daß die nicht abgeschmiert sind.

allerdings hab ich im geschäftsbericht gelesen, daß
hpow mitte des jahres liefern will????

wer weiß da genaueres?
grüße und: durchhalten!
bbe
Avatar
13.01.01 11:41:59
Nach dem starken Kursverfall waren die plus 25% gestern an
der Nasdaq ein gutes Zeichen - vor allem auch deshalb, weil
wir auf Tageshöchststand schlossen.

Gruß Agio
Avatar
16.01.01 22:00:10
January 16, 2001

H POWER CORP (HPOW)
Quarterly Report (SEC form 10-Q)
MANAGEMENT`S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS

The following discussion should be read in conjunction with the Financial Statements and Notes thereto appearing elsewhere in this Form 10-Q and within the Company`s Registration Statement (Registration No. 333-34234) on Form S-1. When used in the following discussion, the words "believes", "anticipates", "intends", "expects" and similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, which could cause actual results to differ materially from those projected. These risks include, but are not limited to, those identified under "Risk Factors" in the Company`s Registration Statement (Registration No. 333-34234) on Form S-1. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof.


OVERVIEW


We design, develop and manufacture proton-exchange membrane, or PEM, fuel cell systems. Fuel cells are devices that produce electrical energy without combustion and its associated environmental contaminants. The fuel cell systems we make and market are designed to complement or replace conventional power sources, such as batteries and electric power generators. The use of alternative electric power systems is desirable in situations where conventional power sources cannot adequately, economically or technologically supply the power required.

We were incorporated in June 1989 under the laws of the State of Delaware. A substantial portion of our business activity, from our inception through the present, was development of products subject to various government contracts. The most significant of these contracts were used to develop fuel cell powered vehicles, stationary power systems, communications backup power systems and diesel reformers. Although these contracts have historically accounted for a substantial portion of our revenues, we believe that they will diminish in importance as a result of our focus on commercialization.

In 1997, we began to use our technologies to develop higher power, stationary PEM fuel cell products for use as primary and supplemental on-site electric power systems for residential use. In August 1999, we entered into a ten-year agreement with ECO Fuel Cells, LLC, a subsidiary of Energy Co-Opportunity, Inc. (ECO), to market, sell, install and service our stationary power fuel cell systems. ECO is an association of approximately 300 U.S. rural electric cooperatives. ECO has agreed to purchase 12,300 of our stationary fuel cell systems over several years for an aggregate purchase price of approximately $81 million. As of November 30, 2000, we had delivered 8 initial test units of our residential electric primary power system to ECO. ECO, in turn, sold them to various electric coops throughout the country for test and evaluation purposes to obtain the data necessary to complete the pre-production models, or beta units. In December 2000, we shipped our first of several beta units, which will be tested and evaluated by ECO. The beta units will provide the data required to finalize the design of our commercial units, which we believe will be produced and shipped commencing the second half of calendar year 2001.

In addition to shipping these units to ECO, we also shipped initial test and prototype units of our residential cogeneration units to Gaz de France and Hydro Quebec in the second fiscal quarter of 2001. These units capture the waste heat energy generated by the unit for use in the home in addition to generating electricity for the home.

We have a limited history of generating revenues and many of our products have only been recently introduced or are in a formative stage of development. Through November 30, 2000, we have incurred accumulated losses of approximately $53 million since our inception in 1989 and we anticipate incurring significant losses in the future. Most of our operating expenses will be increasing and fixed in the near term. Therefore, if we are unable to generate significant revenues, our net losses in any given quarter could be greater than expected. We intend to significantly increase our capital expenditures and operating expenses to rapidly expand our manufacturing capabilities and for general corporate purposes, including product development activities, sales and marketing, administration and data processing systems. You have limited historical financial data and operating results with which to evaluate our business and our prospects. As a result, you should consider our prospects in light of the early stage of our business in a new and rapidly evolving market.




RESULTS OF OPERATIONS



COMPARISON OF THE THREE MONTHS ENDED NOVEMBER 30, 2000 AND NOVEMBER 30, 1999


REVENUES. Revenues were $776,000 for the three months ended November 30, 2000 compared to $1,084,000 for the three months ended November 30,1999, a decrease of $308,000 or 28%. Our revenues for the three months ended November 30, 2000 were derived approximately 39% from contract revenues and 61% from product revenues. Contract revenues for the three months ended November 30, 2000 were $303,000, a decrease of $468,000 from $771,000 for the three months ended November 30,1999. Product revenues for the three months ended November 30, 2000 were $473,000, an increase of $161,000 from $312,000 for the three months ended November 30,1999. The decrease in contract revenues and the increase in product revenues for the three month comparative periods is principally due to our emphasis on commercialization of our fuel cell products. Contract revenue for the three months ended November 30, 2000 was principally derived from contracts with the Naval Surface Warfare Center to develop and provide a 3 to 5 kilowatt fuel cell system integrated with a fuel reformer for military field communications and with the National Institute of Standards & Technology to build and demonstrate a 5 kilowatt fuel cell system for primary and backup power for telecommunication systems. The principal product sales for the three months ended November 30, 2000 were high power, stationary RPAC units to Hydro Quebec and Gas de France totaling approximately $230,000, low power portable power systems totaling approximately $188,000, and high power licensing fees of $55,000.

Product revenues for the second quarter declined when compared with the first quarter as the company extended delivery of its beta units to ECO due to enhancements made to the fuel cell system, principally increasing the fuel cell system capacity by 50% to 4.5 kW, and simultaneously decreasing the system size by 25%. The shipment of the first beta unit was extended from October to December and had the effect of shifting beta unit revenue from the second quarter to the second half of fiscal 2001.

COST OF REVENUE. Cost of revenue was $893,000 for the three months ended November 30, 2000 compared to $1,145,000 for the three months ended November 30, 1999, a decrease of $252,000. The decrease in the cost of revenue is principally due to lower unit sales partially offset by an increased cost of product revenue resulting from increasing costs associated with adding additional manufacturing capacity required to produce our products in larger quantities. Cost of revenue as a percentage of revenue will continue to increase in the foreseeable future as we continue to add manufacturing capacity, principally in our new North Carolina facility. We anticipate that our cost of revenues will exceed our revenues for the foreseeable future as we increase our capacity. We are aggressively pursuing cost reductions of our fuel cell subsystem and component costs as the cost of our initial beta units must be significantly reduced to be attractive to the markets we serve. Although we are making significant progress on cost reductions of certain components, such as our bipolar plates, the initial costs for other components are higher than originally estimated as is common with new products.

RESEARCH AND DEVELOPMENT EXPENSES. Research and development costs were $3,101,000 for the three months ended November 30, 2000 compared to $1,044,000 for the three months ended November 30,1999, an increase of $2,057,000. The increase in research and development costs is primarily related to the continuing development of our 1 to 10 kilowatt stationary power fuel cell systems in conjunction with the contract we entered into with ECO during the year ended May 31, 2000 and development of our portable and mobile products. We increased the number of employees in research and development to 46 as of November 30, 2000 as compared to 35 as of November 30, 1999. In addition, our costs increased for fees paid to outside contract engineers, materials and supplies to support the development of our fuel cell systems, increased facility costs and general overhead.

SELLING, GENERAL AND ADMINISTRATIVE. Selling, general and administrative costs were $1,674,000 for the three months ended November 30, 2000 compared to $1,219,000 for the three months ended November 30,1999, an increase of $455,000. This increase was primarily due to an increase in the number of employees resulting in an increase in salaries, benefits and recruiting expenses of approximately $210,000, increased rent, telephone and other office expenses of $75,000 and increased legal and professional expenses of $27,000. HPEC`s selling, general and administrative expenses increased by $65,000 for three months ended November 30, 2000 compared to the three months ended November 30,1999.

INTEREST AND OTHER INCOME, NET. Interest and other income was $1,360,000 for the three months ended November 30, 2000 compared to $160,000 for the three months ended November 30,1999, an increase of $1,200,000. This increase was primarily related to interest income resulting from the investment of the net proceeds of our initial public offering, which was concluded in August 2000.



INTEREST EXPENSE. There was no interest expense incurred for the three months ended November 30, 2000 compared to $52,000 for the three months ended November 30, 1999.


COMPARISON OF THE SIX MONTHS ENDED NOVEMBER 30, 2000 AND NOVEMBER 30, 1999


REVENUES. Revenues were $1,990,000 for the six months ended November 30, 2000 compared to $1,909,000 for the six months ended November 30,1999, an increase of $81,000 or 4%. Our revenues for the six months ended November 30, 2000 were derived approximately 43% from contract revenues and 57% from product revenues. Contract revenues for the six months ended November 30, 2000 were $865,000, a decrease of $714,000 from $1,579,000 for the six months ended November 30,1999. Product revenues for the six months ended November 30, 2000 were $1,125,000, an increase of $796,000 from $329,000 for the six months ended November 30,1999. The decrease in contract revenues and the increase in product revenues for the six-month comparative periods is principally due to our emphasis on commercialization of our fuel cell products. Contract revenue for the six months ended November 30, 2000 was principally derived from contracts with the Naval Surface Warfare Center to develop and provide a 3 to 5 kilowatt fuel cell system integrated with a fuel reformer for military field communications and with the National Institute of Standards & Technology to build and demonstrate a 5 kilowatt fuel cell system for primary and backup power for telecommunication systems. The principal product sales for the six months ended November 30, 2000 were stationary high power units to ECO Fuel Cell, Hydro Quebec and Gaz de France and low power portable power systems to various customers.

COST OF REVENUE. Cost of revenue was $2,415,000 for the six months ended November 30, 2000 compared to $1,882,000 for the six months ended November 30,1999, an increase of $533,000. The increase in the cost of revenue is principally due to an increased cost of product revenue resulting from increasing sales and increasing costs associated with adding additional manufacturing capacity required to produce our products in larger quantities. We anticipate that our cost of revenues will exceed our revenues for the foreseeable future as we increase our capacity consistent with increasing demand for our products. Cost of revenue as a percentage of revenue will continue to increase in the foreseeable future as we continue to add manufacturing capacity, principally in our new North Carolina facility.

RESEARCH AND DEVELOPMENT EXPENSES. Research and development costs were $5,792,000 for the six months ended November 30, 2000 compared to $1,645,000 for the six months ended November 30,1999, an increase of $4,147,000. The increase in research and development costs is primarily related to the continuing development of our 1 to 10 kilowatt stationary power fuel cell systems in conjunction with the contract we entered into with ECO during the year ended May 31, 2000 and development of our portable and mobile products. We increased the number of employees in research and development to 46 as of November 30, 2000 as compared to 35 as of November 30, 1999. In addition, our costs increased for fees paid to outside contract engineers, materials and supplies to support the development of our fuel cell systems, increased facility costs and general overhead.

SELLING, GENERAL AND ADMINISTRATIVE. Selling, general and administrative costs were $3,159,000 for the six months ended November 30, 2000 compared to $2,165,000 for the six months ended November 30,1999, an increase of $994,000. This increase was primarily due to an increase in the number of selling, general and administrative employees resulting in an increase in salaries, benefits and recruiting expenses of approximately $199,000, increased travel expenses of $117,000 attributable to the increased activity required to support the ECO contract, increased rent, telephone and other office expenses of $234,000, increased legal and professional expenses of $142,000 and a $99,000 increase in depreciation and warranty expense. HPEC`s selling, general and administrative expenses increased by $130,000 for six months ended November 30, 2000 compared to the six months ended November 30,1999.

INTEREST AND OTHER INCOME, NET. Interest and other income was $1,839,000 for the six months ended November 30, 2000 compared to $184,000 for the six months ended November 30,1999, an increase of $1,655,000. This increase was primarily related to interest income resulting from the investment of the net proceeds of our initial public offering, which was concluded in August 2000.

INTEREST EXPENSE. There was no interest expense incurred for the six months ended November 30, 2000 compared to $77,000 for the six months ended November 30, 1999.




LIQUIDITY AND CAPITAL RESOURCES


Our capital requirements depend on numerous factors, including completion of our product development activities and market acceptance of our systems. We expect to allocate substantial capital resources to the expansion of our manufacturing capacity to meet near-term commercial production requirements, to fund our working capital requirements and to continue development work on our PEM fuel cell systems. In addition, we will be expanding our sales and marketing efforts.

At November 30, 2000, we had net working capital of approximately $107,137,000, which consisted primarily of cash, cash equivalents and short-term investments compared to working capital of $13,213,000 at May 31, 2000. This increase was primarily due to the completion on August 14, 2000 of our initial public offering of 7,000,000 common shares, which resulted in proceeds after underwriting commissions to the company of $104,160,000. The proceeds were invested in a variety of securities, including both government and corporate obligations with maturities of less than one year and money market funds through November 30, 2000.

Cash flows used for operating activities for the six months ended November 30, 2000 were $6,980,000 as compared to $3,311,000 for the same comparable period in the prior year. For the six months ended November 30, 2000, cash was used primarily to fund the net loss of $7,536,000, an increase in inventories of $1,358,000, a reduction in receivables of $525,000, a reduction in prepaid expenses of $571,000 and an increase of accounts payable and accrued expenses of $713,000.

Net cash used by investing activities was $63,421,000 for the six months ended November 30, 2000, $62,639,000 for the purchase of short-term investments and $782,000 for capital expenditures. We will be making substantial investments in capital expenditures for the next 18 months consistent with our commercialization plans and the start up of our manufacturing operations in North Carolina.

In January 2001, H Power signed a ten-year lease for approximately 80,000 square feet of manufacturing and office space near Charlotte, NC. This lease has two five-year renewal options exercisable at the end of the 10th year. We expect to occupy the facility in the second calendar quarter of 2001.The rental rate for this facility will be approximately $425,000 per year, subject to escalations beginning in the second year of the lease term. In addition to the base rent, H Power is responsible for cost of maintenance, taxes and insurance.

The Company currently occupies space in New Jersey in three separate facilities with leases due to expire in July 2001. We are currently attempting to locate approximately 35,000 square feet in New Jersey to replace this existing space. If we are unable to locate space on a timely basis, we have the option to renew our existing leases. In addition, the lease in our primary facility in Canada expires in September of 2001. We intend to move to another facility in Canada with approximately 25,000 square feet prior to expiration of our lease.

We believe that cash from operations, along with the net proceeds of the sale of our common stock will be adequate to fund our operations for a minimum of 18 months from November 30, 2000. We expect to spend in excess of $21,000,000 on property, plant and equipment during this period of time. We anticipate that we will incur substantial losses over at least the next few years due to numerous factors, including completion of our product development activities in our efforts to commercialize our fuel cell systems, increasing our sales and marketing activities, hiring and training our production staff, expanding our manufacturing capacity, and acquiring and installing new management information systems.

As of November 30, 2000, we had notes payable of $190,000. Of this amount $122,000 is an unsecured payment that was due pending resolution with the lender. We also have a $68,000 governmental loan that is non-interest bearing that was used to finance the last phase of a HPEC development project.


ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK


Our financial market risk includes risks associated with international operations and related foreign currencies, as we have a significant operation in Canada. Expenses in this operation are incurred in Canadian dollars and therefore are subject to foreign currency exchange risk. Through November 30, 2000, we have not experienced any significant negative impact on our operations as a result of fluctuations in foreign currency exchange rates. In addition, our international business is subject to the risks typical of an international business including, but not limited to, differing economic conditions, changes in political climate, differing tax structures and other legal regulations and restrictions, and foreign exchange rate volatility. Accordingly, our future results could be materially and adversely affected by changes in these and other factors.



The primary objective of our investment activities is to preserve principal while at the same time maximizing yields without significantly increasing risk. We maintain our portfolio of cash, cash equivalents and short term investments in a variety of securities, including both government and corporate obligations and money market funds. We do not utilize any derivative financial instruments, derivative commodity instruments or other market risk sensitive instruments, positions or transactions in any material fashion. We believe that the investment-grade securities we hold are not subject to any material risks arising from changes in interest rates, however, they may be subject to changes in the financial standing of the issuer of these securities.


RISK FACTORS


We hereby incorporate by reference the risk factors included in our Registration Statement (Registration No. 333-34234) on Form S-1.




PART II.
OTHER INFORMATION


ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS

On October 12, 2000 the Company issued 282,712 shares of common stock to DQE Enterprises, Inc. in payment of cumulative dividends on Series A convertible preferred stock, which were converted into shares of common stock immediately prior to consummation of the IPO.


ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K



(a) The following exhibits are filed as part of this report.
27.1 Financial Data Schedule

(b) Reports on Form 8-K
None.





--------------------------------------------------------------------------------
Fazit + 30 % heuer

nice CU :)
Avatar
17.01.01 08:13:07

na gut, nachbörslich bis auf 23%, aber ist doch auch nicht schlech,oder?
grüße
bbe
Avatar
17.01.01 16:31:04
@BBE
alles ok?
gehts gut?
aa,lass das teil nur laufen.....eines tages....strike!
gruss,piddy
Avatar
17.01.01 17:04:02
@hi piddy

geht so
ok, lassen wir sie laufen,...eines tages....strike!
grüße
bbe
Avatar
05.02.01 20:58:07
Monday February 5, 8:44 am Eastern Time
Press Release
H Power and Air Products Sign Letters of Intent to Explore Business Alliance and Conduct Market Analysis for Fuel Cell Powered Products
Markets for Small Portable/Mobile Fuel Cell Applications and High-Value/Critical-Service Telecom Back-Up Applications to be Analyzed
CLIFTON, N.J.--(BUSINESS WIRE)--Feb. 5, 2001-- H Power Corp. (NASDAQ:HPOW - news), a leading fuel cell development company, today announced that it has signed letters of intent with Air Products and Chemicals, Inc. (NYSE:APD - news), a major international gas and chemical producer, to jointly investigate forming a business alliance to serve the emerging market for small (sub-kilowatt) portable and mobile hydrogen-based fuel cells.

The letters also provide that the two companies will jointly conduct an analysis and development effort to pursue the market for hydrogen-based fuel cell power systems used in high-value, critical-service telecom back-up power applications.

H. Frank Gibbard, chief executive officer of H Power Corp., commented, ``These letters of intent are expected to expedite the commercialization of hydrogen-based fuel cells by coupling Air Products` hydrogen distribution infrastructure with H Power`s fuel cell systems. They constitute a first step towards the realization of a worldwide hydrogen economy.``

H Power and Air Products will jointly gather and analyze the power requirements and market opportunities for hydrogen-based fuel cell systems. This analysis will include market size, growth, customer requirements, price volume targets and maintenance and service requirements. In addition, both companies will participate in discussions with potential customers.

Gibbard continued by saying, ``These discussions and subsequent market analysis are expected to lead to the creation of a strategic plan and an initial product offering, to be followed by beta testing at various customer sites. We look forward to working with Air Products and jointly serving our customers.``

Arthur T. Katsaros, group vice president Engineered Systems and Development for Air Products, stated, ``Air Products is pleased to be engaged in this effort with H Power. Together we believe we can accelerate the commercial introduction of hydrogen fuel cell technology in the market for small (sub-kilowatt) portable and mobile power systems by deepening our understanding of the technology, market drivers and potential customer base.`` He added, ``This initiative is in line with Air Products` commitment to create growth through innovation. We are a leader in all aspects of the worldwide hydrogen market and will continue to seek opportunities like this to enhance our ability to help our customers win in markets around the world.``

H Power designs, manufactures and sells fuel cell systems that address the needs of existing and near-term commercial markets, with a focus on two major product areas; on-site stationary power units and portable and mobile power units. The power output of H Power`s product line range from 35 watts to 10 kilowatts.

Air Products offers a full scope of hydrogen supply options from small laboratory cylinders and over-the-road gaseous tube trailers and liquid tankers, to over 300 miles of merchant pipelines and tonnage on-site plants as well as equipment for hydrogen separation and purification. The company has applied its expertise to the safe production, storage and handling of hydrogen, as well as to the various aspects of fueling station design and construction. Air Products also has published authoritative studies on the infrastructure issues related to the future supply of hydrogen fuel for large fleets of buses, trucks and automobiles.

Examples of Air Products` participation in hydrogen-based transportation projects include:

Fueling stations for a three-bus demonstration program for the Chicago Transit Authority;
Ford Motor Company`s fuel cell automobile development facility at Dearborn, Michigan;
A fleet of fuel cell service vehicles at the Palm Springs, California airport;
As a member of the California Fuel Cell Partnership, participation in the design and construction of hydrogen fueling stations to support fleets of fuel cell cars that will be tested by various automakers;
Leading a team that will build and operate a facility that will service fleets of buses and light duty vehicles in Las Vegas, Nevada.
About Air Products and Chemicals, Inc.

Air Products and Chemicals, Inc. (www.airproducts.com) is the world`s only combined gases and chemicals company. Founded more than 60 years ago and headquartered in eastern Pennsylvania`s Lehigh Valley, the company has annual revenues of $5.5 billion and operations in 30 countries. Air Products is a market leader in the global electronics and chemical processing industries, and a longstanding innovator in basic manufacturing sectors, including steel, metal, glass and food processing. The company distinguishes itself through its 17,500 employees around the world, who build lasting relationships with their customers and communities based on understanding, integrity and passion.

About H Power Corp.

H Power Corp. (www.hpower.com.) is a leading fuel cell development company and one of the first providers to complete a commercial sale of a proton-exchange membrane (PEM) fuel cell system. PEM fuel cells generate electricity efficiently and cleanly from the electrochemical reaction of hydrogen and oxygen. Hydrogen is typically derived from conventional fuels such as natural gas or propane, and oxygen is drawn from the air. H Power`s fuel cells are designed to provide electricity for a wide range of stationary, portable and mobile applications including residential cogeneration products for rural, remote homes, and backup power units for mobile applications.

Certain expectations and projections regarding the future performance of H Power and Air Products discussed in this news release are forward-looking and are made under the ``safe harbor`` provisions of the Private Securities Litigation Reform Act of 1995. These expectations are based on currently available competitive, financial and economic data along with the Companys` operating plans and are subject to future events and uncertainties. Management cautions the reader that the following factors, amongst others, may cause plans to differ or results to vary from those expected, including the impact of competition, pricing, market demand and marketplace acceptance, and other risks set forth from time to time in the Companys` filings with the Securities and Exchange Commission. Neither company undertakes any obligation to publicly release the results of any revisions to forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The events highlighted herein should not be assumed to be items that could affect the future performance of either Company.
Avatar
20.05.01 14:19:15
Auch wenn die Zeit hart war, so scheint doch die Lethargie nun beendet.
Die Frage ist, wie es weiter geht.
Reichen politische Entscheidungen, um den Aktien in grundsätzlich neue Nöhen zu treiben?
Was meint ihr?

GRuß
epicuraul
Avatar
20.05.01 23:31:11
Das reicht jedenfalls, wie man sehen konnte, zur Kursverdopplung, allerdings sollte man die Stromkrise in Californien und die steigenden Brennstoffpreise auch mit ins Kalkül ziehen. Der Weg nach oben scheint offen.
Beste Grüße
LSprandel
Avatar
22.05.01 07:57:52
hab nur darauf gewartet, daß sich hier mal wieder einer meldet.
dachte schon, ich wär der einzige, der die dinger gehalten hat.
wird wohl erst mal gewinnmitnahmen geben, egal....ich halte weiter.
die letzten zahlen waren besser als erwartet, m.m. nach wird
die axie ihren weg machen. zumindest sieht es beim unternehmen so aus.
hab allerdings mein sl jetzt konsequent nachgezogen, man soll gewinne
nicht ins gegenteil laufen lassen.
grüße und uns alles gute.
bbe
Avatar
22.05.01 18:25:35
bbe,
ich bin seit jahresanfang in h power investiert und werde auch weiterhalten.
in den letzten wochen bekamen brennstoffzellen eine zunehmend positive presse in den USA und h power ist mit sicherheit neben ballard und plug power eine der interessantesten firmen. bleiben wir dabei

bäristlos
Avatar
23.05.01 07:17:31
werde auch weiter halten, langfristig glaube ich an diese Aktie.
Einiges lebhafter gehts zu dieser Aktie HPOW am Ragingbull Board zu.
Schaue hier bei WO wöchentlich rein, scheinen nicht viele dabei zu sein.

Als Tip möchte ich SPIR erwähnen. Schaut euch mal den Chart an
Beim nächsten Taucher zuschlagen. Auch bei diesem Titel dürfte noch
einiges drinliegen (weitere Beiträge hier bei WO und Rangingbull)

Timon
Avatar
15.06.01 00:33:04
@bäristlos

naja,man kann ja sagen,was man will,aber manchmal sind enge sl doch
nicht so falsch. werde jetzt lauern, vielleicht schlage ich bei 8$
mit der ersten position wieder zu. hab sie bei 13,50 rausgehauen
den größten teil,der rest ist bei 12,23 "gegangen".

haben muß ich sie auf jeden fall wieder!

gruß
Avatar
18.06.01 13:58:26
@ dann lauer man schön....sie gehen wieder hoch, Kursziel 18 Euro, kleine Pause, dann auf 22 Euro und wenn dann schwarze Zahlen für`s vierte Quartal kommen .......
Avatar
19.06.01 07:50:39
@zachaeus

will ja nixx sagen, aber irgendwie sieht mir das doch mehr nach 8$ aus,
zumindest im moment. auf island zumindest steht was von 8,79, da kommen
wir doch der sache schon recht nahe.
aber egal, im grunde sehe ich es ja genau wie du, wenn da nicht gestern
auf cnbc einer etwas von einer bubble gefaselt hätte, die der der i-net-bubble
ähneln würde....!?

angesichts der zu erwartenden positiven zwischentendenz an der nasdaq für heute,
wird wohl auch dieser sektor grünen.
dazu kommt noch die sache mit dem beschluß über die energiepreise gestern,
könnte in der tat wieder interessant werden.

gruß

ps: wie ist dein einstandskurs ?
Avatar
19.06.01 07:54:18
technisch kann man sicher noch ein wenig "lauern", denke ich mal!



gruß
Avatar
25.06.01 10:55:33
hey epic, hab dich bei http://www.suntrade.de gesehen. was gibts neues?

gruß
pm
Avatar
11.07.01 23:58:23
langsam an käufe denken ?
hab heute zu 6,26$ erste stücke zurück gekauft.
angesichts des charts ist mir allerdings nicht
so ganz wohl dabei.
wenn das man gut geht !?
Avatar
18.07.01 07:54:23
hallo........keiner mehr dabei ?
Avatar
18.07.01 18:39:48
mir fiel auf, dass die short seller-Quote mit ca. 13% IMHO sehr hoch war (Stand ca. 7.6, Quelle yahoo, hpow, profil).

Werte ich als Rat zur Vorsicht.

sc
Avatar
31.07.01 07:40:31
moin leute

der gestrige candle ist also nicht gerade der schönste, den ich mir vorstellen kann.
liege nach einem nachkauf bei 4,40$ jetzt zwar im grünen bereich, hab aber angesichts
des gestrigen kursverlaufes so meine zweifel, daß das auch heute abend noch so ist.
schaun wir mal.

gruß an alle investierten.
(so denn noch irgendeiner dabei ist)
Avatar
24.08.01 18:59:06
Hallo zusammen,

gibt es irgend etwas neues zu H Power? Der Kurs scheint ins Unendliche zu fallen.
Aktuell in NY 2,96 Dollar. Offensichtlich haben die meisten den Glauben an die Brennstoffzelle
verloren.

Gruß Agio
Avatar
24.08.01 19:20:18
M_B_S hat ein paar Stücke erhascht :D

Und bin damit wieder spekulativ drinn !

Schaun wir mal !
Avatar
27.08.01 10:11:39
hi all

den gesamten sektor hat es ja mächtig zerlegt,
hätte wohl auch noch warten sollen....!
aber was soll`s, hop oder top würde ich sagen.
schaut euch mal den chart unten an, kann man gut erkennen,
was für ein scheiß indikator der macd ist...!
jetzt sagt das ding verkaufen...!
wer nach dem schwachsinn handelt, der ist echt hastig pleite.
sollte der kurs weiter fallen, dann lege ich bei 2,25 nochmal
nach, ist alles oberspeku,aber auch der sektor wird wieder "modern".
recht hat M_B_S....schaun mer mal !


gruß
Avatar
29.08.01 17:02:26
Wednesday August 29, 10:35 am Eastern Time
Press Release
SOURCE: H Power Corp.
H Power Announces Joint Development Agreement With DuPont
Work To Focus On Portable Direct Methanol Fuel Cell Products
CLIFTON, N.J.--(BUSINESS WIRE)--August 29, 2001--H Power Corp. (NASDAQ: HPOW - news), a leading fuel cell development company, today announced it has formed a joint development agreement with DuPont Fluoroproducts aimed at developing direct methanol fuel cells (DMFC) for portable and mobile applications.

Under the agreement, the two companies will work together to develop direct methanol fuel cell products in the range of 100 to 1000 watts, initially targeted to mobile applications, such as scooters, bicycles and golf carts. This technology could also be applied to consumer products such as power tools and other battery replacement applications.

H Power, a leader in designing fuel cell stacks and systems, will provide expertise in the area of designing, developing and manufacturing fuel cell stacks and systems where DMFC`s can be used. DuPont Fluoroproducts will provide H Power with advanced DMFC materials based on its DuPont(TM) Nafion® membrane technology and will cooperate in the design of stacks and components. As part of the agreement, H Power has delivered a proof-of-concept product to a potential customer and intends to deliver an integrated system in the near term.

``We believe that the development and commercialization of portable direct methanol fuel cell products will result in an industry-wide paradigm shift with substantial benefits for consumers,`` says H. Frank Gibbard, chief executive officer for H Power. ``Direct methanol fuel cells will operate consumer products much longer than rechargeable batteries.``

``This joint effort with DuPont Fluoroproducts will benefit H Power by allowing us to offer products to more people in more markets,`` says Gibbard. ``We believe that portable direct methanol fuel cell products will complement our existing portfolio of portable, mobile and stationary fuel cell product offerings. In addition to expanding our product line, this joint development agreement expands our growing list of world-class relationships. We believe that this is the first step in the formation of a growing relationship between our two companies and we look forward to working with this world-class leading science and technology company.``

``DuPont is pleased to be working with an industry leader like H Power on portable and mobile direct methanol fuel systems,`` says David L. Peet, director - DuPont Fuel Cells. ``We believe this is a positive step in our overall strategy to accelerate commercialization of DMFCs.``

About DuPont

DuPont (NYSE: DD - news) is a science company, delivering science-based solutions that make a difference in people`s lives in food and nutrition; health care; apparel; home and construction; electronics; and transportation. Founded in 1802, the company operates in 70 countries and has 90,000 employees.

About H Power Corp.

H Power Corp. (NASDAQ: HPOW - news) is a leading fuel cell development company and one of the first providers to complete a commercial sale of a proton-exchange membrane (PEM) fuel cell system. PEM fuel cells generate electricity efficiently and cleanly from the electrochemical reaction of hydrogen and oxygen. Hydrogen is typically derived from conventional fuels such as natural gas or propane, and oxygen is drawn from the air. H Power`s fuel cells are designed to provide electricity for a wide range of stationary, portable and mobile applications including residential cogeneration products for rural, remote homes, and backup power units for mobile applications. For additional information, please visit our website at www.hpower.com.

GUT ;)
Avatar
29.08.01 17:37:41
@M_B_S



GUT

gruß
bbe
Avatar
04.09.01 17:43:01
Tuesday September 4, 9:38 am Eastern Time
Press Release
SOURCE: H Power Corp.
H Power Corp. & Mitsui & Co., Ltd. Form H Power Japan
CLIFTON, N.J.--(BUSINESS WIRE)--Sept. 4, 2001--H Power Corp. (NASDAQ:HPOW - news), a leading fuel cell development company, today announced the formation of H Power Japan in partnership with Mitsui & Co., Ltd. and Mitsui and Co. (U.S.A.), Inc.

Mitsui & Co., Ltd., based in Tokyo, is Japan`s largest general trading company with operations throughout the world focused on international trade-related activities and the creation of new trade flows, enterprises and industries. Both parties will have a 50% ownership in the newly created company, which will be a Japanese corporation headquartered in Tokyo.

H Power Japan`s initial activity will be to conduct a nine-month feasibility study relating to the sale and distribution of H Power`s fuel cell products in Japan and potentially to other countries. The feasibility study will include evaluating marketing strategies and business plans, developing an operating plan, and building a maintenance and monitoring network. All of the gathered market research data will provide the basis for sales, distribution and servicing of H Power`s products and other related activities in Japan. The formation of H Power Japan follows a distribution agreement between Mitsui & Co. and H Power that has resulted in the shipment of several of H Power`s Beta Residential Cogeneration Units (RCU) and portable mobile products to Japanese customers. Today`s announcement further demonstrates the strength of H Power`s growing relationship with Mitsui and its expanding global position.

Concurrent with forming H Power Japan, Mitsui also disclosed that it had made an equity investment in H Power, purchasing an undisclosed number of shares in the open market.

H. Frank Gibbard, Chief Executive Officer of H Power Corp., commented, ``We are excited to see our relationship with Mitsui continue to flourish and strengthen as we expand our global presence. Given Japan`s lack of traditional fossil fuel resources, Japan represents an enormous market opportunity for our alternative energy fuel cell products. Our continued expansion efforts and follow-on alliances with existing strategic partners are further evidence of the growing interest, acceptance and world-wide need for our fuel cell products. We are eager to commence with the feasibility study and we look forward to the possibility of distributing and marketing our products to new customers.``

Mitsuhiro Nakatani, General Manager of Telecommunication Systems and Cables Division of Mitsui & Co., said, ``Fuel cell technology, even though it is still at developing stage, is eagerly awaited in this new century because of its cleanness and high efficiency. Accordingly, it has been our great honor to devote ourselves to commercializing fuel cells and establishing H Power Japan together with the world`s leading fuel cell manufacturer, H Power. We believe that H Power, with its superior technology, is going to be the world`s leading company in commercialization of residential co-generation units and other stationary systems. From that extent, H Power Japan has both H Power`s technology and the strength of Mitsui behind it, and is now ready to contribute to establishing a market in Japan as well as Asia and other developing countries.``

About Mitsui & Co., Ltd.

Mitsui & Co., Ltd. is Japan`s largest sogo shosha, or general trading company. The Company has two principal roles: to facilitate its clients` international trade-related activities and--making use of its substantial information, human, financial, and other resources--to create new trade flows, new enterprises, and new industries around the world. Mitsui & Co., Ltd., is an international ``business creator`` offering value-added services to clients worldwide. The Company`s 17 Operating Groups oversee a broad range of products, and have the knowledge and experience to best serve the ever-changing needs of the global marketplace. For more information about Mitsui & Co., Ltd., visit the Company`s Web site at http://www.mitsui.co.jp.

About H Power Corp.

H Power Corp. is a leading fuel cell development company and one of the first providers to complete a commercial sale of a proton-exchange membrane (PEM) fuel cell system. PEM fuel cells generate electricity efficiently and cleanly from the electrochemical reaction of hydrogen and oxygen. Hydrogen is typically derived from conventional fuels such as natural gas or propane, and oxygen is drawn from the air. H Power`s fuel cells are designed to provide electricity for a wide range of stationary, portable and mobile applications including residential cogeneration products for rural, remote homes, and backup power units for mobile applications. For additional information, please visit our website at www.hpower.com.

Certain expectations and projections regarding the future performance of H Power discussed in this news release are forward-looking and are made under the ``safe harbor`` provisions of the Private Securities Litigation Reform Act of 1995. These expectations are based on currently available competitive, financial and economic data along with the Company`s operating plans and are subject to future events and uncertainties. Management cautions the reader that the following factors, amongst others, may cause H Power`s plans to differ or results to vary significantly from those expected, including the impact of competition, technology development, pricing, market demand and marketplace acceptance, and other risks set forth from time to time in H Power`s filings with the Securities and Exchange Commission, including, but not limited to the risks set forth in H Power`s Annual Report on Form 10K. H Power undertakes no obligation to publicly release the results of any revisions to forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The events highlighted herein should not be assumed to be items that could affect the future performance of the Company.
Avatar
10.09.01 22:14:49
Hallo zusammen,

gibt es news? In der letzten halben Stunde wurde H power an der Nasdaq wie
wild gehandelt. Um 21:58 plus 57% wow!! Was ist da los??

Gruß Agio
Avatar
10.09.01 22:42:57
H Power to Present At CIBC World Markets Power Technologies and
Growth Conference

CLIFTON, N.J.--(BUSINESS WIRE)--Sept. 10, 2001--H Power Corp. (NASDAQ: HPOW - news), a leading fuel cell
development company, today announced that it will be presenting at the invitation only CIBC World Markets Power Technologies
and Growth Conference on September 11, 2001 being held at the Grand Hyatt Hotel in New York City.

H Power is scheduled to present at 2:00 p.m. and will feature H. Frank Gibbard, Chief Executive Officer, and William Zang, Chief
Financial Officer. The Company`s formal presentation will be webcast live over the Internet and can be accessed at
www.hpower.com. H Power`s investor presentation will also be posted on the Company`s website. The webcast will be archived
for one week.

About H Power Corp.

H Power Corp. (NASDAQ: HPOW - news) is a leading fuel cell development company and one of the first providers to complete
a commercial sale of a proton-exchange membrane (PEM) fuel cell system. PEM fuel cells generate electricity efficiently and
cleanly from the electrochemical reaction of hydrogen and oxygen. Hydrogen is typically derived from conventional fuels such as
natural gas or propane, and oxygen is drawn from the air. H Power`s fuel cells are designed to provide electricity for a wide range
of stationary, portable and mobile applications including residential cogeneration products for rural, remote homes, and backup
power units for mobile applications. For additional information, please visit our website at www.hpower.com.
Avatar
11.09.01 09:44:18
Hpow mit rebound !

Sehen wir alte Kurse wieder !

Oder läuft die USA trocken ( Oelpreis )

Hpow ist jedenfalls im Brennstoffzellen - Sektor hervorragend aufgestellt !

DUPONT
GAS DE FRANCE Hauskraftwerk !
JAPAN


Es scheint alles möglich !
Avatar
22.09.01 04:07:49
Calif. consumers lose power to choose electricity
supplier

The state plans to issue $12.5 billion in bonds and needs to
provide guaranteed revenue.

By Karen Gaudette
ASSOCIATED PRESS

SAN FRANCISCO - California`s Public Utilities Commission voted yesterday to
take away the right of consumers to choose their electricity provider, one of the
vestiges of the state`s failed experiment with energy deregulation.

The PUC also approved a 12 percent rate increase for residential customers of
San Diego Gas & Electric Co., but it delayed action on whether to pass along
rate increases requested by the state`s power-buying utility to millions of other
ratepayers.

That approval is necessary to encourage Wall Street to buy $12.5 billion in bonds
that the state is issuing to recoup the $9.5 billion-plus it has spent buying power
for three financially ailing utilities, according to Department of Water Resources
officials and Gov. Gray Davis.

Yesterday, Pacific Gas & Electric Co., California`s largest utility, filed a Chapter
11 bankruptcy recovery plan that proposes to fully pay all creditors using $13.2
billion in cash and new notes.

Pacific Gas and parent company PG&E would become separate companies if
the court approves the plan.

Critics, including the utilities, consumer advocates and even some PUC
members, say that following the legislature`s orders to pass on the rate increases
without making sure they are necessary will hurt consumers. Commissioner Jeff
Brown said protecting ratepayers from unjust costs was part of the PUC`s job.

Allowing consumers to buy power directly from retailers such as Green
Mountain Energy Co. or Enron Corp. was one of the key elements of the
deregulation system passed in 1996.

Its end will affect customers around the state, including more than 170 school
districts that had pooled together to seek a new electricity provider. About
200,000 customers had switched utilities by September.

Earlier, the legislature enlisted the water department to buy power for the three
utilities - Southern California Edison, Pacific Gas & Electric, and San Diego Gas
& Electric Co. - when energy wholesalers refused to sell to them, fearing they
would not be paid.

To recoup its billions, the state plans to issue $12.5 billion in bonds, and it has
been told by Wall Street executives it can expect better rates if it shows it has
flexible and guaranteed revenues.

Lawmakers have also ordered the PUC to suspend consumer choice to prevent
ratepayers from abandoning their utilities. Customers who have chosen new
providers will be allowed to remain with those companies through the end of
their contracts. The more who stay, the bigger the pool of customers who can
share the cost of paying back the state through their utility rates. Consumer
advocates say a suspension also will keep big businesses from switching
providers and leaving smaller customers stuck with the state`s power bill.

However, ending consumer choice also will keep businesses from bargaining for
cheaper power or supporting companies that generate electricity from renewable
energy.


This article contains information from Bloomberg News.
Avatar
23.09.01 12:24:24
der chart, wirklich nur grob betrachtet (ohne indikatoren).

long



short



schaun wir mal.

gruß
Avatar
07.10.01 17:32:31
ich hoffe,daß der chart jetzt zu sehen ist,
ich glaube, yahoo läßt das verlinken nicht zu.



gruß
Avatar
09.10.01 08:49:29
H Power Corp. to Webcast Fiscal 2002 First Quarter Operating Results
CLIFTON, N.J., Oct 3, 2001 (BUSINESS WIRE) -- H Power Corp. (NASDAQ: HPOW), a leading fuel cell development company, intends to release its fiscal 2002 first quarter results pre-market on the morning of Tuesday, October 9, 2001.

In conjunction with this release, the management of H Power Corp. will host a conference call to discuss the Company`s operating results for its first quarter ended August 31, 2001, provide financial guidance for 2002, and discuss other relevant corporate developments. This call will be simultaneously broadcast live over the Internet. H. Frank Gibbard, Chief Executive Officer, and William Zang, Chief Financial Officer, will host the call.



11:00 A.M. (EASTERN TIME)
TUESDAY, OCTOBER 9, 2001
www.hpower.com

The conference call can be accessed under the subheading, "Investor Info". Please allow for enough time to register and download the streaming media software required to listen to the Internet broadcast. An on-line archive of the call will be available on the www.hpower.com website for a one-week period.


CONTACT: H Power Corp.

Thomas Michael, 973/249-5444
or
Investor Relations:
Cheryl Schneider/Hulus Alpay/Brian Schaffer
Press: Greg Tiberend/Steve DiMattia
Morgen-Walke Associates
212/850-5600

URL: http://www.businesswire.com
Today`s News On The Net - Business Wire`s full file on the Internet
with Hyperlinks to your home page.

Copyright (C) 2001 Business Wire. All rights reserved.




bbe
Avatar
09.10.01 14:27:09
H Power Corp. Reports Fiscal 2002 First Quarter Results-ReiteratesFinancial Guidance For Fiscal 2002
CLIFTON, N.J., Oct 9, 2001 (BUSINESS WIRE) -- H Power Corp. (NASDAQ: HPOW), a leading fuel cell development company, today reported its fiscal 2002 first quarter results for the period ended August 31, 2001. Some of the Company`s achievements for the quarter include:


- Announced several significant distribution, development and

supply-chain-management relationships. These include: creation of
H Power Japan in partnership with Mitsui & Co., Ltd. and Mitsui
and Co. (U.S.A.), Inc.; a joint development agreement with DuPont
to develop Direct Methanol Fuel Cells or DMFC`s; and a multi-tier
distribution and development agreement with Naps Systems Oy, a
leading solar power system company, which is a subsidiary of
Fortum Corporation, a leading USD $11 billion Scandinavian energy
company.

- Opened new 90,000 square foot manufacturing and testing facility

in Monroe, North Carolina, and, ahead of schedule, transferred
manufacturing technology for residential cogeneration unit (RCU)
stacks, as well as portable and mobile system production, from H
Power`s New Jersey facility.

- Identified all the specific actions required to reduce RCU costs

by 20 percent, and achieved more than half of this goal in the
first four months of the fiscal year.

- Made significant progress in increasing system reliability, and

made substantial investments in our Montreal, Canada and Monroe
North Carolina testing facilities.

- H Power ended the quarter with $83 million by continued prudent

use of cash, compared to $93 million at the end of the previous
quarter.

H. Frank Gibbard, Chief Executive Officer of H Power Corp., commented, "We are pleased that we were able to make significant progress toward achieving our previously outlined milestones for fiscal 2002. In particular, we added three significant relationships in the areas of development, distribution and supply-chain management. We created H Power Japan with Mitsui & Co., Ltd., we signed a joint development agreement with DuPont, and established a multi-tier distribution and development agreement with Naps Systems Oy."

Mr. Gibbard concluded, "The Company`s relationship with our marketing partner Energy Co-Opportunity (ECO), an association of approximately 300 rural electric cooperatives, remains strong. We have identified early-adopter customers for our RCUs and are working to meet the requirements of their applications. With ECO`s assistance we are also preparing installation and servicing manuals for our RCU product rollout, in anticipation of which we have begun to hire teams of service personnel in our Monroe, North Carolina facility. We continue to believe that the future looks bright for H Power and we will continue to seek opportunities in which to leverage our leadership position to meet our ultimate goal of mass commercialization."

For the first quarter ended August 31, 2001, total revenue was $0.4 million, compared with $1.2 million for the same period last year. The increase in product revenues and the decrease in contract revenues continues to reflect the Company`s emphasis on commercialization of fuel cell products. Net loss for the quarter was $7.4 million, or $0.14 per share, compared with a net loss of $4.0 million, or $0.10 per share in the first quarter last year. Weighted average basic and diluted shares outstanding for the quarter were 53,848,992, compared with 41,701,898 million in the same period last year. The increase in common shares outstanding is primarily attributable to the Company`s IPO of 7.0 million common shares conducted in August of 2000.


Financial Guidance and Corporate Milestones For Fiscal 2002

The Company anticipates revenue for the second quarter of fiscal 2002 to be approximately $0.5 million, with a net loss of approximately $7 million to $9 million. For full-year fiscal 2002, the Company continues to anticipate revenue between $5.0 million to $10.0 million, despite our lower than anticipated revenue for the quarter. The Company thus anticipates the majority of revenue to occur in the second half of fiscal 2002. The Company also anticipates a net loss in fiscal 2002 in the range of $30.0 to $35.0 million, with capital expenditures of approximately $7.0 million to $9.0 million.

In addition, the Company continues to believe that the previously announced August 1, 2001 milestones for fiscal 2002, will lead to its ultimate goal of mass commercialization.


Conference Call

The Company will host a conference call at 11:00 a.m. (EST) today to discuss fiscal 2002 first quarter operating results, provide financial guidance for 2002, and discuss other corporate developments. Investors can access the conference call via a live webcast on the Company`s website at www.hpower.com. A replay of the call will be archived on that website for a one-week period.


About H Power Corp.

H Power Corp. (NASDAQ: HPOW) is a leading fuel cell development company and one of the first providers to complete a commercial sale of a proton-exchange membrane (PEM) fuel cell system. PEM fuel cells generate electricity efficiently and cleanly from the electrochemical reaction of hydrogen and oxygen. Hydrogen is typically derived from conventional fuels such as natural gas or propane, and oxygen is drawn from the air. H Power`s fuel cells are designed to provide electricity for a wide range of stationary, portable and mobile applications including residential cogeneration products for rural, remote homes, and backup power units for mobile applications. For additional information, please visit our website at www.hpower.com.

Certain expectations and projections regarding the future performance of H Power discussed in this news release are forward-looking and are made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These expectations are based on currently available competitive, financial and economic data along with the Company`s operating plans and are subject to future events and uncertainties. Management cautions the reader that the following factors, amongst others, may cause H Power`s plans to differ or results to vary significantly from those expected, including the impact of competition, technology development, pricing, market demand and marketplace acceptance, and other risks set forth from time to time in H Power`s filings with the Securities and Exchange Commission, including, but not limited to the risks set forth in H Power`s Annual Report on Form 10-K. H Power undertakes no obligation to publicly release the results of any revisions to forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The events highlighted herein should not be assumed to be items that could affect the future performance of the Company.



H POWER CORP. AND SUBSIDIARY
CONSOLIDATED STATEMENT OF OPERATIONS
(dollars in thousands, except per share amounts)
(unaudited)
Three Months Ended
August 31, August 31,
2001 2000
-------- ---------
Revenues
Products $ 228 $ 177
Contracts 143 1,037
--------- ---------
Total revenues 371 1,214
Operating expenses
Costs of revenues - products 233 646
Costs of revenues - contracts 145 876
Research and development 5,937 2,691
Start-up facility costs 307 -
Selling, general and administrative 2,058 1,484
--------- ---------
Total operating expenses 8,680 5,697
--------- ---------
Loss from operations (8,309) (4,483)
Interest income and other income, net 952 479
--------- ---------
Net loss $(7,357) $(4,004)
========= =========
Loss per share attributable to common
stockholders, basic and diluted $(0.14) $(0.10)
========= =========
Weighted average shares outstanding,
basic and diluted 53,849 41,702
========= =========
H POWER CORP. AND SUBSIDIARY
CONDENSED CONSOLIDATED BALANCE SHEET
(dollars in thousands)
(unaudited)
August 31, May 31,
2001 2001 ---------------------------------------
ASSETS
Current assets
Cash, restricted cash, cash
equivalents and short-term
investments $83,358 $93,872
Accounts receivable 721 970
Inventories, net 3,858 4,301
Prepaid expenses and other
current assets 1,799 1,692
------ ------
Total current assets 89,736 100,835
Plant and equipment, net 7,014 3,627
Other assets 887 888
------ ------
Total assets $97,637 $105,350
====== ======
LIABILITIES AND STOCKHOLDERS` EQUITY
Current liabilities
Accounts payable 2,065 2,872
Accrued expenses and other
current liabilities 3,422 2,989
------ ------
Total current liabilities 5,487 5,861
Long-term liabilities 2,009 2,065
------ ------
Total liabilities 7,496 7,926
------ ------
Stockholders` equity 90,141 97,424
------ ------
Total liabilities and
stockholders` equity $97,637 $105,350
====== ======

CONTACT: H Power Corp.

Thomas Michael, 973/249-5444
or
Investor Relations:
Cheryl Schneider/Hulus Alpay/Brian Schaffer
Press: Greg Tiberend/Steve DiMattia
Morgen-Walke Associates
212/850-5600

URL: http://www.businesswire.com
Today`s News On The Net - Business Wire`s full file on the Internet
with Hyperlinks to your home page.

Copyright (C) 2001 Business Wire. All rights reserved.




drei jahre würde hpow noch durchhalten,
wenn man von einer totalen stagnation aller
komponenten der rechnung ausgeht. (ist natürlich
wirklich nicht möglich)
bin mal gespannt,ob sie bis dahin die produkte
tatsächlich verkaufen können, ich meine richtig.
also, bis 1,5$ ist noch luft nach unten,
soviel cash ist noch da.

für solche axien braucht man echt mehr geduld
als für bio`s.

schaun wir mal, wie die amis auf die zahlen
reagieren.
gruß
Avatar
13.11.02 06:57:08
LATHAM, N.Y. (CBS.MW) -- H Power shares surged 76 percent Tuesday after Plug Power offered $51 million in stock to acquire the firm, setting the stage for a consolidation of fuel-cell technology companies.

Rappeln die sich wieder auf ? Wer weiss mehr ?
Avatar
19.11.02 12:54:42
Weiß jemand, warum H-Power nicht mehr gehandelt wird?
Wahrscheinlich liegt es an dem Übernahmeangebot, aber wie genau ist der Stand der Dinge?
Würde mich über Informationen freuen!
Gruß von Zachaeus
Avatar
19.11.02 21:13:51
@Zachaeus

H-Power hat das Kürzel HPOW (z.b. bei Comdirect eingeben)

oder die

(neue) WP Kenn-Nr 765855


als Folge des Splits


Gruß Agio
Avatar
20.11.02 09:10:26
Vielen Dank für die rasche Antwort, Agio. Die neue Kennnummer nach dem Split war mir schon bekannt, doch bekomme ich als letztes Datum einer Kursfeststellung an der Nasdag nur den 13.11. und frage mich und Euch weiter, was da los ist?
Einen glücklichen Tag wünscht
Zachaeus
Avatar
20.11.02 10:08:52
@Zachaeus

Gib mal bei Comdirect die Kenn-Nr. 2616687 ein. Da bekommst Du den NASDAQ-Kurs von gestern.

Gruß Agio


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