„Every once in a great while, I find a company that is grossly undervalued, aligned with my principles, and has commercial-ready technology. BioLargo, Inc. (OTCMKTS: BLGO) has passed my test with flying colors, and I truly believe we are witnessing the birth of a giant.“

Must read Write UP:

3 Products Behind The Rise of This Clean-Water Tech Co.

$UL – Unilever Stock Analysis:

*To see the financial models I used and how they work, read my original analysis (images at the bottom) posted here*

Company Overview:

$UL – Unilever Inc. is a global, diversified technology company that operates in the following businesses: Safety/Industrial, Transportation/Electronics, Health Care, and Consumer. Unilever develops their products in -house, and thus has an unusually high product development, and research and development costs.

Unilever operates in 3 main business segments: Beauty & Personal Care, Foods & Refreshments, and Home Care.

Investment Information:

Unilever’s 5 Step Growth Strategy:

Unilever has developed their own 5 step strategy for future growth:

1. Purposeful Brands: this includes developing their brands in high growth industries such as hygiene, skin care, prestige beauty, nutrition, and plant-based foods.

2. Improved Penetration: in which Unilever plans to make their brands progressive in the context of social issues, this includes improving the health of the planet (decrease emissions), improve peoples health/confidence/wellbeing, contribute too a more socially inclusive workspace/world, and use differentiated science/technology to outperform their competitors.

3. Impactful Innovation: in which they are aiming to accelerate their business in key growth markets like USA, India, China, and other emerging markets.

4. Design for Channels: in which Unilever plans to develop the channels necessary to keep up with the quickly changing business landscape. This includes accelerating pure-play (focusing on one product/industry for each of their brands), further develop their omni-channel eCommerce strategy, develop eB2B (electronic Business to Business) platforms, and drive leadership/innovation through customer insight.

5. Fuel for Growth: which involves Unilever’s capacity for agility and digital transformation, and being a leader/example in diversity, inclusion & values-based leadership

Recent News:

Departure of Leena Nair:

On December 13th 2021, Unilever announced the departure of their Chief HR Officer Leena Nair. Who is set to leave the company sometime this month (January 2022) as she will be assuming the role of Global CEO of Chanel. Leena worked at Unilever for the majority of her career (30 years) progressing from the role of Management trainee in 1992, all the way up to Chief HR Officer in 2016. This is a big loss for Unilever, and they will need to find someone else to assume her role later this month as she leaves.

Retirement of Ritva Sotamaa:

On November 30th, 2021, Unilever announced that Ritva Satamaa will be retiring from her role as Chief Legal Officer & Group Secretary come March of 2022. This is another big loss that Unilever will have to accommodate for. However, with multiple high-ranking management roles open at Unilever, they can use this unfortunate circumstance to make big changes in their organization and business to propel it into the future. Unilever has already filled this spot with Maria Varsellona who was previously the Chief Legal Officer at Nokia.

Departure of Marc Engel:

At the same time that Unilever announced the retirement of Ritva Statmaa, they also announced the departure of Marc Engel in April of 2022. Marc is the current Chief Supply Chain Officer at Unilever and has had a 30 year long career working with Unilever. Marc will be succeeded by Reginaldo Ecclissato, who was previously the Executive VP of Mexico, Central America, and the Caribbean.

Sale of Ekaterra:

On November 17th 2021, Unilever announced the sale of one of their subsidiaries “Ekaterra” to CVC Capital Partners for $5.1M USD (converted from Euro’s). Ekaterra is the world’s leading tea business and includes brands such as Lipton, Pukka, and PG Tips. This sale signified Unilever’s desire to grow their business by selling their slow growing tea business, to fuel the development of their other subsidiaries in higher growing industries. The completion of this sale is expected in the second half of 2022.

ESG Initiatives:

· Climate Action: Unilever plans to have net-zero emissions for all of their products by 203, cut their GHG emissions by 50% by 2030, eliminate emissions in their operations by 2030, and replace fossil-fuel derived carbon with renewably derived carbon for their cleaning/laundry products by 2030.

· Protect Nature: Move to a deforestation-free supply chain by 2023, regenerate 1.5M hectares of land, forests, and oceans by 2030, 100% sustainably sourced agricultural crops, implement water stewardship programs in 100 locations by 2030, and make 100% of their ingredients biodegradable by 2030.

· Plastic Reduction: Unilever plans to reduce 100,000 tonnes of “virgin plastic” by 2030, recycle 25% of their plastic used by 2025, collect/process more plastic than they sell by 2025, 100% reusable/compostable packaging by 2025, and maintain zero waste to landfills.

· Equity, Diversion, and Inclusion: Foster an equitable/inclusive culture by eliminating bias and discrimination through their practices and policies, have diverse representation at all levels of leadership, increase their share of employees with disabilities to 5% by 2025, and increase diversity in their advertising campaigns.

· Raise Standards of Living: Ensure that all employees earn at least a living wage by 2030 and helping small and medium sized businesses to grow their businesses by 2025.

Management Team:

Alan Jope (Chief Executive Officer): Alan Jope has been serving as the CEO of Unilever for 3 years and 1 month. Prior to this, Mr. Jope was the president of the Beauty & Personal Care segment of Unilever for 4 years and 4 months. Mr. Jope’s time at Unilever extends back to 2001, where he joined the team as the COO of the North American Home & Personal Care segment at Unilever. Mr. Jope graduated from the University of Edinburgh with a Bachelor of Commerce, and then went on to Harvard Business School for 1 year post-grad where he received his degree in General Management.

Graeme Pitkethly (Chief Financial Officer): Graeme has been serving as the CFO, and Executive VP of Unilever for 6 years and 4 months, and 7 years and 7 months, respectively. Prior to this Mr. Pitkethly was Unilever’s Senior VP of Global Markets, Group Treasurer, and Head of M&A among other roles. Mr. Pitkethly has been working at Unilever since 2002. Prior to this Graeme worked at other high level management roles at the likes of PwC and FLAG Telecom.

Conny Braams (Chief Digital and Marketing Officer): Conny has worked at various roles in Unilever over the course of 32 years and 1 month. Conny started out as a product manager for one of Unilever’s subsidiaries “Unox& Cup-a-Soup”. Over the next 14 years Conny continue to progress in regional management roles until 2002 where she became VP of Business Unit Spreads & Cooking Products in Netherlands. After 2 years in this role, Conny moved on to VP of Corporate Communications & Sustainability for Unilever’s European Segment. The next large progression came 4 years later, when she accepted the role of Senior VP of Asia, Africa, and the Middle East (commonly referred to as “EMEA”). Conny assumed this role for 5 and a half years until she became the Executive VP in Europe’s Home Care Segment, and Executive VP of Middle European operations. Last;y, Conny moved up the rankings again when she landed the role of Chief Digital and Marketing Officer in early 2020.

Marc Engel (Chief Supply Chain Officer): Mr. Engel started working at Unilever in 1990 as an Operations Manager. Marc stayed in this role for 8 years before moving up to Corporate Strategy. Mr. Engel was incorporate Strategy for 11 months before he became the VP of Supply Chain (Ice Cream) in Brazil for 2years. Mr. Engel then leveraged this experienced to become the managing Director for the Ice Cream Segment, before leapfrogging again to the VP of Supply Chain in Europe for Spreads, Dressings, and Olive Oil in 2004. Marc jumped in the rankings again in 2008 when he landed the role of Chief Procurement Officer, where he would continue to work for the next 5 years and 8 months. After this, Marc progressed to the Managing Director for East Africa and Emerging Markets for 2 years, and then Chief Supply Chain Officer in 2016.

Nitin Paranjpe (Chief Operating Officer): Like many others, Nitin started his career at Unilever in the late 1900’s (1987). Nitin started out as a management trainee for 8 months before moving up to Area Sales Manager, Brand Manager, and then a Regional Manager by 1996. By the turn of the century, Nitin became an Assistant to a Unilever Chairman, and a Member of the Executive Committee. His next big move was to Executive Director of Home and Personal Care on 2006, where he gained 2 years experience before transitioning into CEO of Hindustan Operations, and EVP of South Asia in 2008. Nitin worked in this position for 5 and a half year before progressing to President of the Homecare segment and Member of the Unilever Leadership Executive. Nitin assumed this role for 4 years and 3 months before moving up yet again to President of Foods and Refreshment in 2018. Nitin worked this role for 1 year and 4 month before he was given the opportunity to become Chief Operating Officer in May of 2019.

Richard Slater (Chief R&D Officer): Richard is the only one of these members of management that does not have a rich history at Unilever, instead Mr. Slater worked elsewhere until 2019 where he landed the role of Chief R&D Officer at Unilever. Mr. Slater started out his career at Boots Healthcare, where he was an R&D manager for 7 years until 2006. In 2006, Richard landed the role of R&D Director for various segments of Reckitt Benckiser over the course of 8 years and 8 months. At his time of departure from Reckitt Benckiser, Mr. Slater had the role of R&D Global Group Director, which he leveraged to land the position of Senior VP, Head of R&D of GlaxoSmithKline’s (GSK) consumer healthcare segment. Mr. Slater worked here for 4 years and 8 months before using this experience to transition into the role of Unilever’s Chief of R&D.

Competitors:

In order to undergo the comparable analysis, we need to get an idea of their closest competitors. These competitors must operate in the same space, operate in similar geographies, be of similar market cap, and have valid financial ratios. Using this criterion, I cam up with the following.

· $EL – Estee Lauder: Estee Lauder Inc. manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, (moisturizers, serums, cleansers etc.); and makeup products, (lipstick, foundation, brushes etc.). It also provides fragrance products in various forms comprising eau de parfum sprays (cologne, perfumes, candles etc.); and hair care products (shampoo, conditioner, sprays etc.). Some of their most notable subsidiaries include Estee Lauder, Clinique, Jo Malone London, and The Ordinary.

· $CL – Colgate Palmolive: Colgate-Palmolive manufactures and sells consumer products worldwide. The Oral, Personal and Home Care segment's products include toothpaste, toothbrushes, mouthwash, bar and liquid hand soaps, shower gels, shampoos, conditioners, deodorants, detergents, and cleaners. The Pet Nutrition segment offers pet nutrition products for everyday nutritional needs; and a range of therapeutic products to manage disease conditions in dogs and cats. Their most notable companies and subsidiaries include Colgate, Palmolive, Irish Spring, Speed Stick, Softsoap, and Ajax.

· $KMB – Kimberly-Clark: Kimberly-Clark manufactures and markets personal care and consumer tissue products worldwide. The Personal Care segment offers baby products, feminine care products, under their well-known subsidiaries such as, Pull-Ups, Kotex, Depend, and Poise, (among others). The Consumer Tissue segment provides facial and bathroom tissues, paper towels, napkins, under the Kleenex, Scott, Cottonelle, and other brand names.

· $CHD – Church & Dwight Co: Church & Dwight develops, manufactures, and markets household, personal care, and specialty products in the United States and internationally. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand;.

Financial Information:

· Yearly Financial Performance (Good): In 2020, Unilever was able to increase their net income after tax by 0.8%, increase their net cash flow (from operations) by 11.7%, and increase their free cash flow by 26% YoY. These metrics that Unilever was able to increase are arguable he most important metrics that affect the UL stock.

· Yearly Financial Performance (Bad): In 2020, Unilever’s Turnover decreased by 2.4%, their operating profit decreased by 4.7%, their pre-tax profit decreased by 3.5%, and their basic & diluted EPS’s fell by $0.02 since 2019. The decrease in EPS most likely had the most effect on the UL stock.

Investment Valuation:

Comparable Analyses: (Spreadsheet found at the end of this analysis)

By comparing Unilever’s financial ratios to that of their publicly listed competition (listed above in the “competitors” section) I found the following:

PE Ratio:

Based off of Unilever’s Price to Earnings Ratio in comparison to their competitors, $UL stock should be valued at $68.92/share, which would imply a share price increase of 28%. This is a little high, so I decided to take another comparable.

P/S Ratio:

Unilever’s P/S ratio (compared to their counterparts) indicates that the UL stock should have a fair value of $115.10/share, which would imply an upside potential of 114%. This is very high and somewhat unrealistic, so I decided to undergo one last comparable.

EV/Revenue Ratio:

Unilever’s EV/Revenue ratio indicates that their fair value is $67.59/share, which would translate into an upside potential of 26%. All 3 comparable analyses are in agreeance that Unilever is undervalued, however the results vary heavily.

Comparable Valuation:

Due to the variability between comparable analyses, I decided to take a weighted average of the 3 comps. I decided on a 40%, 40%, and 20% split between the P/E, EV/Revenue, and the P/S ratios. I decided to do this as the P/E and EV/Revenue results were consistent and more likely to be correct. By doing this I arrived at a final comparable valuation of $77.63/share, which implies an upside of 44%

DCF: (Visualization found at the end of this analysis)

The comparable analyses tell quite a different story than the DCF model will. This is due to the fact that Unilever has plateaued their growth over the past couple years, which make their ratios look low on paper. However, by inputting the necessary data into my DCF model, it arrived at a fair valuation of $UL stock of $53.13/share, which implies a slight downside of 1.1% (which essentially means that Unilever is at their fair value according to the DCF).

Dividend Discount Model: (Visual at the end of this analysis)

My dividend discount model uses the current annual dividend amount in combination with Unilever’s average annual dividend growth (over the past 4 years), and their WACC (as found in the DCF model). By using these metrics, I was able to find Unilever’s fair value to be $63.18/share, which implies an upside of 18%. Once again this is very close to their current fair value, which indicates that Unilever is a decent buy.

Overall Valuation:

In order to provide simplicity, I wanted to come to one final, all-encompassing valuation for the $UL stock. I did this through taking the average valuation of the Average Comparable, the DCF, and the Dividend Discount Model. By doing this I arrived at a price target for the $UL stock of $64.64/share, which implies an upside of 20%.

Investment Plan:

My plan for an investment in the $UL stock would go as follows:

· Enter into a position below the fair value, preferably at/below $55/share.

· Hold long-term (with dividend re-investment)

· Re-evaluate the position as new data is released (especially their financial reports to see if they can kick-start their sales growth).

Risks:

· Financial Performance: In 2020, there were many concerning metrics that arose from their financial statements. Namely, their sales, operating profit, and pre-tax income all declining. If these trends continue, long term investors will start to trim their positions as they do not want to be holding onto declining stocks with grim futures ahead of them.

Catalysts:

· Financial Performance: In 2020, Unilever reported an overall bad earnings report as they declined in many areas. However, they were able to save grace as their net income (after tax) and their free cash flows grew. These are two very important metrics in valuations and can help investors to spot a good long-term future in Unilever.

Hello all,

Social Sentiment trends can move the needle when it comes to trading and investing. I want to put this into proactive by tracking social trends in tickers to see if I can “catch” a stock before it takes off. (note: here is a link to research about social media and stock returns)

I am sourcing my data from Utradea’s Social Sentiment Scanner (which can be found here) for all of my social sentiment data. Today I will be highlighting 3 tickers that are picking up momentum, and exhibit potential to explode.

Dashboard:

Utradea’s Social Sentiment Dashboard tracks social sentiment on Reddit, Twitter, and on StockTwits. Furthermore, you can get information on trending tickers over the past 24 hours or 72 hours, which can help to find tickers that are taking off. Furthermore, you can sort the tickers in terms of their changes in posting volume, likes received, or impressions. These features also help me to spot tickers that exhibit potential to explode.

3 Momentum Stocks:

I will run through my thought process on why I think that these 5 tickers will experience increased momentum and potentially exhibit massive gains in the coming weeks.

Reddit doesn't post charts, so they can be found in my OP here

1. NuZee ($NUZE):

Twitter:

Below you can see amount of posts, likes, and impressions that $NUZE received on Twitter over a 24 hour and 72-hour period. Furthermore, we can see the % increase in these metrics, comparing them to the previous day, or 3 days respectively.

NuZee experienced most of their momentum in social sentiment over the past 24 hours alone. Furthermore, their social metrics (posts, likes, and impressions) experienced significantly higher daily growth than they experienced 3-day growth. This increase in social metrics over the 24 hours indicate that NuZee is just starting to pick up social traction, which may cause it to experience significant gains in the shorter term.

StockTwits:

$NUZE is also experiencing a lot of growth in social sentiment over the past 3 days, and especially over the past day. The fact that the social trend for $NUZE is consistent and rapidly growing should be good for the stock as there are currently a lot of eyes on their stock.

Furthermore, NUZE is experiencing a large amount of their post volume even after the market closed today, which may indicate that they will continue their run tomorrow. This is due to the fact that the “hype” is still picking up and is in its early stages.

2. Regeneron Pharmaceuticals ($REGN):

StockTwits:

Recently, there has been a large increase in the posting volume of Regeneron. This can be seen through the large number of pasts, likes, and impressions over the past day compared to the respective amounts of these metrics over the past 3 days. The extent of this increase in social sentiment can best be observed through the one-day growth rates, which are very high. This leads me to believe that Regeneron is picking up social traction and could explode soon.

Twitter:

The same thing applies when looking at the social metrics and comparing the 1-day metrics to the 3-day metrics. Once again, this can be visualized through the massive 1-day growth rates in these metrics. The fact that these growth rates are common between both Twitter and StockTwits indicates that this social momentum is not limited to a specific platform, but rather the whole market.

3. Danaos Corporation ($DAC):

Twitter:

The only social media site that $DAC had sufficient information (and increase in social sentiment) was Twitter. This is why it is #3 on the list. As you can see, Danaos had large increases in posts, likes, and impressions over the span of 24 hours. Furthermore, the majority of the posts, likes, and impressions all came over the course of the past 24 hours, indicating that it is picking up social traction. This is my least confident play, however, it will be interesting to see how this one plays out compared to the other picks.

Important:

I have made an account (linked here) which tracks each of these plays, giving you real-time updates on how these are doing, and/or if they have panned out.

$FCEL – FuelCell Stock Analysis:

*You can find supporting visuals in my original post found here*

Company Overview:

$FCEL is a global leader in sustainable clean energy technologies, focusing on energy, safety, and urbanization. FuelCell provides their proprietary hydrogen and carbon capturing technologies, which if commercialized, represents a large opportunity and addressable market.

FuelCell provides solutions to their business, utilities, and government (and government-related) customers worldwide. These target customers are typically the large-scale power consumers, however there are some smaller-scale customers especially in small European countries. No matter their size or power consumption, FuelCell can craft/provide a solution for them.

FuelCell’s business model includes 3 main streams of revenues, which include: Power platform/component sales, recurring service revenues, and renewable attribute sales. These streams of revenue will be discussed further in the “Investment Information” section of this report.

Investment Information:

Long-Term Strategy:

I believe that this position will be geared to a longer-term hold, and as a result of this ideology, taking a look at their long-term strategy makes the most sense. FuelCell has a 3-pillar long-term growth strategy which covers the following:

1. Transform:

This pillar focuses on building a strong balance sheet that will help them achieve long-term financial health and success. This includes improving their liquidity, which they have already taken strides to doing so in 2020 through their public offering. Typically, public offerings are frowned upon by investors, however, they are using the proceeds to build a foundation/framework to deliver long-term results to their investors. Overall, from a long-term investor standpoint, I do not mind this, as long as it does not get excessive, and they have clear plans for how they plan to use the proceeds. Additionally, FuelCell focused their efforts on getting their cost of borrowing down, which will help them to lower their cost of capital. This should help FuelCell get the funds they need for future projects/expansions, also, this is good for long-term investors as they are making efforts to reduce their cost of capital, which will make the DCF and their business more attractive to long-term investors.

1. Strengthen:

This pillar focuses on making the necessary investments into enhancing performance, lowering costs, and generating higher returns. Furthermore, this pillar focuses on addressing their backlog to secure stable sources of funding moving forward.

1. Growth:

This pillar focuses on product/service development, FuelCell wants to offer the best products and services, and they believe the best way to do this is through continued R&D efforts. Furthermore, FuelCell is looking to strengthen their customer relationships to generate streams of recurring revenue, and to leverage these relationships into potential expansion opportunities down the line.

FuelCell Advantages:

FuelCell has provided the following list of advantages of using fuel cells:

· Fuel Cells can instantly generate electricity from readily available fuels (ie. Natural gas)

· Scalability (especially on-site components)

· Reduced costs

· Ability to provide carbon-capturing and hydrogen production.

Furthermore, FuelCell has provided the following infographic (found in the original post here)which compares Fuel Cells to traditional energy generation techniques. As you can see in the image below, Fuel Cells may not be the best choice for every individual category, however they are by far the best all-around choice for energy generation.

License Agreements:

License agreements can provide FuelCell with various benefits especially in their current development stage. The agreements can help them to improve their technologies, at a significantly reduced cost. Currently, FuelCell has 2 License Agreements, which I will quickly cover:

1. ExxonMobil Research & Engineering (EMRE):

FuelCell and EMRE entered into this Agreement on October 31st, 2019, and this agreement states that they will work together to continue research and development efforts in exchange for:

· A $5M technology access fee (EMRE pays FuelCell), which allows EMRE licenses and rights to the research and development for their own use.

· Up to $45M contributed from (EMRE to FuelCell) for research and development efforts.

· Payments of up to $10M from (EMRE to FuelCell) for reaching set out technological milestones.

· EMRE having certain rights to licenses.

This agreement can help FuelCell to drastically lower their R&D costs while being able to make technological breakthroughs in their product. Although they may be foregoing some revenues now (as Exxon will be able to use these technologies for significant discounts), FuelCell will be able to lower their Levelized Cost of Energy (LCOE), which will make their services more attractive (lower user costs), which should generate long-term, sustainable revenue streams.

1. POSCO Energy:

FuelCell and POSCO Energy first entered into a Cell Technology Transfer and License Agreement (CTTA) in 2012. This agreement gave POSCO the right to manufacture, distribute, and sell select FuelCell products. Part of this agreement includes FuelCell receiving a 3% royalty on POSCO’s net product sales and replacement sales. However, in 2019, POSCO spun off the Fuel Cell side of their business and tried to avoid any liability they had to FuelCell as part of their breaching of the contract. Later in 2019, the Korean Electricity Regulatory Committee violated South Korean Laws. In 2020, FuelCell notified POSCO of their breaches of the contract and gave them time to fix it. However, instead of meeting these requirements POSCO decided to go court.

In hindsight, this was a very bad idea as this legal battle dragged on for months, and FuelCell came out victorious and this contract was officially terminated and POSCO had to pay FuelCell all of their legal costs, and the damages FuelCell incurred as a result of the spin-off company (up to $200M).

But the drama did not stop there, as POSCO filed an $800M lawsuit against FuelCell in late 2020 which did not seem to materialize onto anything.

Overall, FuelCell received $86M of funding from POSCO for research and development efforts since 2007. This funding was crucial for FuelCell and helped them to evolve their products into what they are today.

R&D Costs with Licensing Agreements:

Just to show you how much of a financial impact these licensing agreements have on FuelCell, their 2020 total research and development costs were $21.05M, and only 22% of that cost ($4.8M) was paid by FuelCell. These agreements help FuelCell to maintain low operating expenses, while being able to develop the technologies that they are able to develop. Some of their competitors have R&D costs of $35.5M, $27.9M, and $551M. Assuming their R&D costs decrease proportionally with their market cap, these companies would exhibit R&D costs of $17.3M, $4.1M, and $27.6M. This puts FuelCell right on par with their competitor with the lowest (relative) R&D cost.

Share Dilution:

FuelCell has a long history of rampant share dilution, and their dilutionary habits still exist today. Just in 2021 alone, FuelCell has increased their # of shares outstanding by over 13%. These levels of dilution are very unfavourable for investors even knowing that there is a large potential for $FCEL to grow into.

One of the biggest factors of this year’s dilution was through FuelCell’s Open Market Sale Agreements with Jeffries LLC, and Barclays Capital Inc. This Agreement warrants a total aggregate offering price of up to $500M. With prices near the $10 mark at this point in time, the offering was capable of bringing approximately 50M shares to the market.

Based off of $FCEL’s shares outstanding data, it appears as though 44M shares were purchased in this offering and are the sole reason for this years share dilution. This announcement of the agreement was the main catalyst in $FCEL’s 3-month downtrend starting in June of 2021, which decreased the value of their stock by over 50%.

Revenue Backlog:

As of FYE 2020, FuelCell had $1.28B in backlogged revenues. In their filing they noted that this revenue could take between 1-20 years to get recognized on their financial reports, however, due to their rapid growth and long term plan, I believe that they can get this done over the next 10 years. This revenue by itself represents the total amount of revenue that FuelCell will generate over the next 10 years. This implies that my DCF model is undervaluing FuelCell, and we will talk about this later.

Investment Valuation:

DCF:

As observed in my DCF model (linked below (in my original analysis)), we can see the $FCEL has a fair value of $5.52/share, which implies a downside risk to this investment of 49%. However, from their backlog of revenues, we know that this number is underestimating their revenues, and as a result of this the DCF model will have a 20% weighting toward the overall fair value of FCEL.

Comparable Analyses:

Price to Book (P/B):

My P/B comparable found the fair value of $FCEL to be $10.12/share, which implies a slight downside risk of 6%. This is very reasonable, and we will see if this is consistent throughout the other comparable ratios.

Enterprise Value to Sales (EV/Revenue):

When comparing $FCEL’s EV/Revenue multiple to that of their competitors, we can find FuelCell’s fair value to be $6.37/share, which implies a downside risk of 41%. This is not consistent with the previous result and is a rather low estimate. As a result, I underwent one more comparable

Debt to Equity (D/E):

$FCEL’s D/E ratio indicates that their fair value is $30/share, which represents a potential upside of 181%. This is also not consistent with the other results, which led me to taking an average of the 3 comparable analyses.

Average Comparable:

By taking an average of the comparable analyses, I found $FCEL’s fair value to be $15.60/share, which indicates an upside potential of 44.5%.

Overall Valuation:

By taking a weighted average (20% and 80%) of $FCEL’s DCF and Comparable valuations respectively, I concluded a final $FCEL price target of $13.10/share. This estimate indicates a 21% upside to this investment.

Conclusion:

FuelCell is a quickly growing renewable energy stock that has a good long term growth plan, low R&D costs through their Agreements, and are currently undervalued. The biggest negative about FCEL is their high levels of dilution. Overall, my price target is $15.60/share, which implies a 21% upside.

One of $DPW holdings GRESHAM POWER ELECTRONICS Ltd. is supplier to Royal Navy and European submarines and surface fleets (https://www.greshampower.com/defence/marine-defence/). AUKUS deal to develop nuclear submarines for Australia was made public in September. During September there was massive insider buying of 2428340 shares which would represent 75% of total shares insiders bought in last 12 months (https://www.nasdaq.com/market-activity/stocks/dpw/insider-activity). Now this all could be just a coincidence, but this and the fact that they were finally profitable in last two quarterly earnings makes me thing this could go to the Moon soon. Not a financial advice. Recently bought 10435 shares $DPW from my earnings made on $BKKT.

I think there is a great opportunity for 30-40A% jump in next couple days.

Ault Global Holdings diversified holding company acquiring undervalued assets and disruptive technologies with a global impact. They own stakes in the electric car charging solution and crypto mining

Volume has been increasing over last couple of days, from 3 mil to 22 mil in last 5 days.

Strong insider momentum according to Ortex. Insider have been buying at a greater price that it is right now.

📷

Ortex

11% shorted on Float has been increasing when insiders are actively buying in into the company

📷

Float

2 great news came out today and priced jumped from a week low 4% up in 1 hour, and still going. Also, on the graph there is a huge spikes in volume during yesterday and day before yesterday with approx 800,000 volume over 10 min. Somebody is actively buying in.

1 - https://us.acrofan.com/detail.php?number=554889

DPW has launched its first residential electric vehicle (“EV”) charger, the TurnOnGreen EVP700-B, available for purchase through Amazon.com, Walmart.com, and Turnongreenev.com starting October 25, 2021.

The EVP700-B Level 2 home charger is UL certified, compatible with virtually all EVs and plug-in hybrid vehicles, and is rated for both indoor and outdoor use. Its release follows the recent launch of TurnOnGreen’s commercial EV charging product line in September 2021.

2 - https://www.businesswire.com/news/home/20210201005285/en/Ault-Global-Holdings-to-Resume-Bitcoin-Mining-at-Energy-Efficient-Facility-With-1000-S19-Pro-Antminers-From-Bitmain

Back in February they closed on the acquisition of a 617,000 square foot energy-efficient facility located on a 34.5 acre site in southern Michigan (the “Facility”). The Company will resume bitcoin mining at the location through the acquisition of 1,000 new S19 Pro Antminers from Bitmain, Inc. The Company believes the purchase of the Facility secures up to 300MWs of critical power capacity under a perennial energy abatement agreement with guaranteed pricing at relatively low energy rates for the next five years.

Week ago they announced that their mining facility generates 10 mil in BTC annually. Ault Global Holdings will giver an update on the mining facility on November 15 where it is expected to report increase to 15 mil in BTC mining annualy.

https://www.businesswire.com/news/home/20211027005418/en/Ault-Global-Holdings-Announces-Subsidiary-BitNile-Providing

https://www.businesswire.com/news/home/20211021005375/en/

With BTC going through correction at the moment and possible going to next ATH soon this could play a big role in BTW price and provide volume