Plug Power Inc (PLUG)

[uksausage]

Hm

I posted my analysis of the business plan a few weeks ago.

a) profitability is currently scheduled in Q3 or 4 2018 NOT this year - why does everyone think they said that - listen to the calls do not make up things.

b) the 500m a year is well within sights now check their analysis from 2 years ago (a pyramid diagram), The only missing element is the signing of the China contract which will be for roughly half their businss over the next 3-4 years (13000 + proGen engines and hopefully ProGen stacks as well)

c) if Workhorse wins the USPS and Amazon delivery vehicle contracts using Progen Engines and stacks then $500m is a low ball number

d) The company hasn't stated what they will do with the increase in A/S, IMHO it is an anti -takeover move not a move to raise cash

e) they are raising cash for the current year using an ATM shelf filing not sure where you get those prices from?

f) the Amazon warrants were priced at that amount but no cash exchanges hands - read the filings - apart from the $600m over x years they intend to spend

g) I hope they do raise cash they need to establish a JV with the Chinese partners - or finance building a factory there.

h) they are already planning a 3rd shift in Lanham and may be Washington State

i) they have to finish productizing the Range extender solution as well as bring the GSE to market and then they start on the UAV for Amazon warehouses (have you seen the Roomba style device that moves piles of plastic boxes around unmanned? not same as the Auto manufacturers UAV so engineering needed to productise a fuel cell to power them.


anything else you need to know - suggest you read the transcripts of the business planning and Azamon and Q1 results calls