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Gold/Mining/Energy : Global Thermoelectric - SOFC Fuel cells (GLE:TSE) -- Ignore unavailable to you. Want to Upgrade?

To: Ciao who wrote (5786)	11/21/2002 12:02:48 AM
From: Gulo	Read Replies (1) \| Respond to of 6016

I don't know much about Hydrogenics because their products (aside from some test equipment) are limited to PEMFC. They are much further along in commercialization than GLE and have a niche market defined. They are in a steady growth phase, but their current market is far smaller than the one GLE intends to enter in 2005. I would suppose that HYG is much less speculative than GLE, but I question the $300M market cap. That places them at about 3X cash, not 1/3. BTW, welcome back to your thread! -g