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Friendly advice to shorts, this is not the year to short green energy stocks.
Those shorting this stock have just gotten toasted since 1/1. I hope shorts are smarter than I thought and are closing out their short trade.
Link to a short (4 min) video of an interview with the CEO of a company fighting back against share price manipulation.
https://video.foxbusiness.com/v/6318820035112/#sp=show-clips
How bout a new CFO!!! And some new pr folks for starters..andy can go to the board although he's on the board at gevo and I'm not sure what he does there. You have to give it to the 67 yr old Marsh he travels well.
pretty sure Microsoft has three different projects to assess the use of Fuel cells and data centers.
The CAT led one with Ballard was funded through DOE and has now been completed successfully (I read somewhere) probably a DOE paper.
As far as PLUG is concerned they were moving to install the second generation prototype (beta I guess) at a "test" datacenter somewhere. which will have better packaging than at Latham and of course be in an environment where Msoft controls things not PLUG.
Not sure who the third one was with a utility/system integrator led like the CAT one I know I would expect Bloom equipment. It may have been Nat gas though - still not diesel.
PLUG was then intending to have a third generation for actual commercialization packaged into 1, 2,3,5 MW or whatever size they may need. This wouldn't be until end of this year at the earliest.
Things may have changed now as the EV Charging market using very similar technology may be easier to enter with a commercialized, smaller product range and faster ROI
Yes an update next week about what to expect this year would be very helpful
Steve, agree. I may be overly optimistic, but I think that $100 by end of 2023 is possible. Also, I like Sanjay, but not as CEO.
I'm thinking if he gets us to $100 in 2024 and gets his huge bonus, he becomes COB or some position like that of a climate czar or lobbyist and Sanjay takes over as CEO.
Steve - I thought Microsoft was testing with Ballard and CAT, and not PLUG.
I also thought Microsoft thinks that hydrogen is too expensive for most applications.
We will all be listening intently and later reading the transcript to see if we missed something or misunderstood.
The proof is in the numbers.
Andy Marsh words not having much bearing, unless he announces his retirement.
I would like to hear something on Data Center business. I wonder if MSFT is their test site before they go after Amazon and the other big users like airports, credit card processors and the like?
not sure we should expect much new "red meat". but agree the focus should be in explaining the business strategy short term (next 18 months). Analysts need it spelled out in easy to understand steps how profitability will be achieved.
Take each line in the revenues and show how margins will be being improved - starting with GenDrive / Material handling and the proGen) ,then service costs, then fuel supply - current customers, then fuel supply to third parties (Nikola etc) , then sale of electrolyzers, then sale of infrastructure (liquefaction etc). The last one has huge revenues attached per sale but what margin?
They may say something about another factory for electrolyzers but aart for that their infrastructure cost should all be the H2 generation sites and getting them operational ASAP.
Live video from Georgia would be great. (are they complete construction - the Wall street journal photos indicated they weren't but had no dates)
Texas and California sites need to demonstrate progress - regular drone flights like Bearsworkshop would help every month.
I have a feeling the 2023 revenue forecast will be improved with the $100m + orders they are booking but they may hold off for Q4 results or even Q1.
Right on brother!!
Sh.....t or get off pot.
Ameritrade Smart Score is 10 for Plug and 7 for Bloom. I hope Andy has some new red meat for us next Weds. and not the same repeat of what is expected in 2025 and 2030. Now I would like him to reiterate when we will actually make a profit and not just EBIDTA.
No political posts please, especially if relating to events to occur two years into the future.
glad some one is awake
Next Wednesday
CBC.ca: This year could be pivotal for hydrogen technology in Canada.
https://www.cbc.ca/news/canada/calgary/bakx-hydrogen-ira-2023-cp-1.6713038
Andy Marsh is good friends with Jim Cramer.
The hydrogen podcast "Who really benefits in the hydrogen industry from the US Inflation Reduction Act."
Posted 18 hours ago.
WTM - Unscrupulous ? Unscrupulous is hyping a stock to $70, and dumping millions of shares on the market, when you knew there was going to be a restatement that would cut the share price at least in half.
How many good people bought at $65 or higher ?
WTM - It wasn't shorts who did this, it was management.
JB, unscrupulus shorting/manipulation on the down side can destroy good companies, leading to loss of good paying jobs, families hurting. What are the negative consequences of manipulation to the upside, as you described it?
WTM - Do you think there is market manipulation on both sides? Do you think that PLUG's run up to $70+ was not manipulation?
How about dumping Billion$ in shares on the market at $65 ?
Do you really think PLUG was worth $70+ at the time?
Do you really think that PLUG was worth $65 at the time ?
I think that many shorts looked at PLUG's financials and determined that PLUG was not worth $65. I think many shorts saw the CEO DUMPING Millions of shares as a clear "SELL" Signal and also sold millions of PLUG shares.
Just look at the activity in options at the time to prove my point.
Why is manipulation on the short side wrong, but manipulation on the long side not wrong? Those who understand that there are risks in investing also understand that there are market dynamics and try to take advantage of these dynamics rather than try to blame others for their lack of acumen.
Must see video interview discussing market manipulation techniques by shorts.
Wall Street Stole $300 Million From Me. I'm Getting It Back.
Roger James Hamilton
Posted Jan 13, 2023
Wes Christian, the lawyer famous for fighting illegal Wall Street share manipulation, including naked short selling, spoofing and counterfeit shares, breaks down their underhand methods and how we fight back.
My company, Genius Group $GNS, has been under attack from naked short selling since our IPO, with crooked funds and brokers stealing $300 million from me. We're fighting back.
Andy is the CEO of a multi billion dollar company. PLUG will come roaring back and shorts will obviously get burned. This will make me so happy as I hate people that short a stock.
I believe that Andy is an excellent driver.
Washington Bets on Green Hydrogen and Companies Line Up to Cash In
Plug Power hopes to be profitable for the first time in its 25-year history on back of new law
By Amrith Ramkuma for The Wall Street Journal
Updated Jan. 14, 2023
https://www.wsj.com/articles/washington-bets-on-green-hydrogen-and-companies-line-up-to-cash-in-11673647372
KINGSLAND, Georgia—Andy Marsh tried for 14 years to make a profit running Plug Power Inc. Last summer he went to Washington and came away with a potential windfall.
While senators battled over the climate, tax and spending bill, there was surprising agreement that hydrogen, Plug Power’s business, needed a big dose of support. “My biggest concern that I have right now is that we have not invested the money that we needed to invest in hydrogen,” West Virginia Sen. Joe Manchin said at a hearing in July when he was blocking the overall package.
I believe that Andy is an excellent and professional CEO
Eye-popping article for sure. .plug show us some declining losses on the next report. Growth appears to be there now and the future.
I think the article is just perfect and PLUG is great
WTM- The article should have focused on Hydrogen, which is a bull sector. Focusing on PLUG is a mistake.
Hydrogen has a robust future, PLUG on the other hand, will continue to be volatile and struggle until professional management is in place.
Seeking Alpha article "The Hydrogen Bull Market Is Here! Why I'm Bullish On Plug Power"
Jan. 13, 2023
https://seekingalpha.com/article/4569808-the-hydrogen-bull-market-is-here-why-im-bullish-on-plug-power
Summary
- In this article, we start by assessing what looks like a new global hydrogen bull market as governments start to push hard to gain a competitive advantage in this industry.
- The need for equipment and infrastructure will explode in the years ahead as funding is returning in both the United States and China.
- Plug Power is in a terrific position, as it offers turnkey solutions while working on the world's first green hydrogen ecosystem.
- While PLUG's stock price will depend on macroeconomic factors like rates and inflation, I believe that the long-term risk/reward is good. I'm looking to enter on weakness.
Thanks everyone...good day and a better weekend!
We can add, at least temporarily, the nat. gas price decrease should help near term. The game changer to me would be for the 3MW back up power stations. Once that is proven to work that market could be the largest sales funnel in a matter of a few years.
Bears will start to lose control as we see porgress as promised towards profitability
we don't need to hit profitability for bears to lose control.
During this year we will start to see the impact of the new strategy.
Electrolyser sales already high ($250m backlog) check
Electrolyser margins - need to be close to 30%
Hydrogen production increasing Quarter by quarter . believed 9.1TPD end of Q4 22 should be 50TPD end Q2 and 120 TPD and Q4 (but anything over 50 is great as that is PLUGs own use need. (Should be higher but plants may be built not fully operational)
Margins on fuel business toppling Q2 onwards as result of increased in house manufacturing
Fuel cell MH business continuing growth in line with 22. (already 30% margin)
ProGen Fuel cells for road mobility/stationary increasing and achieving 30% margin
Other BOP sales currently not in business forecast may exceed MH business by end 23.
So as each of these becomes visible bears shud eb turning into bulls
Steve - We have all been burned by Andy with his Over-Promises and missed deadlines and targets in the past.
Any chance of that happening again?
That will depend on a few things. How quickly they can ramp up production and get green H2 to market. As we have seen things tend to take 12-18 months usually longer than you expect due to delays in numerous areas. The key Andy mentioned was to replace Blue with Green H2. I suspect it will be sometime in 2024-2025 this actually takes place at a scale that creates a profit and not some accounting derived BE number. This assumes things work as Andy portrayed them. If greed controls Andy will make a profit in 2024, so he can get that big check. Maybe it will be 3 or 4Q in 2024.
Thanks ...realistically when do we see profits? ..this year next or beyond? Bears still control I believe
until profits printed.
I find the ramp up in employees particularly exciting.
From 227 employees back in 2017 to 1100 now and another 1600 to join them, all in the Albany area is incredible
an additional 4000 jobs worldwide to be added this year.
Can you say growth?
The pictures of the Governor holding a fuel cell plate ("it looks like a licence plate") were fun to see.
Plug Power's new $125 million Vista Tech Campus factory is online, will hit full capacity by summer
Robin K. Cooper
Thu, January 12, 2023
https://finance.yahoo.com/m/e3469e67-345c-3e3e-85b6-32b4b7fcba0e/plug-power-s-new-125-million.html
If only Green Energy is translating to Green Dollars (profit) for PLUG.
The next Conference Call will shed some light.
Celebrating the ribbon cutting of Slingerlands/Vista/Bethlehem facility
This is a great day for New York and for @PlugPowerInc — and it’s the beginning of a new chapter in the story of our green revolution.
— Governor Kathy Hochul (@GovKathyHochul) January 12, 2023
Join me live as we celebrate the future of green energy in New York State: https://t.co/9ojK0TqSRa
UK and Steve, I forgot to include the following slide. The projections on the plot, which are worldwide market numbers, appear very conservative to me. For example, the maximum projected number of 100,000 FCEV trucks and buses worldwide by 2030 seems very conservative.
Other items he mentioned in the Q&A that I found insightful are as follows:
- 70% of the production cost of green hydrogen (in electrolisys) is OPEX (not CAPEX), or the cost of electricity, which varies greatly from time to time, from place to place, nonetheless, he expects it drop significantly over time.
- He is not concerned about supply of rare metals iridium and platinum. Especially not worried about platinum, the amount of platinum in fuel cells is less than the amount in Internal Combustion Engine (ICE) Vehicles and more easily/cheaper to recycle in fuel cells and at a much higher recovery rate. Iridium also not a concern, if and and when it will become a concern there are already alternatives in consideration now that could be commercialized if/when necessary to do so.
- The 30,000 hours of operation lifetime for fuel cells quoted in the slides does not mean that the fuel cells die after 30,000 hours of operation, it simply means that their efficiency/power drops by more than 10% after 30,000 hours of operation (i.e., their threshold in the consideration of the lifetime of fuel cells).
- He believes that SOFC will eventually dominate the fuel cell market for some applications, because of their lower cost and efficiency benefits, but it will take a long time as they are still in the development stage, he thinks they will start to be commercialized in 10 years, which I also find to be a very conservative assumption
Thanks. Maybe a company worth pursuing?
Thanks for these WTM. some interesting comparisons there simply presented.
I am sure they will cost half as much as it costs PLUG to make them.
Toofuzzy
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Page is currently being updated - watch for more information about their recent acquisitions and competitors
Welcome to Plug Power
http://www.plugpower.com/Home.aspx
Plug Power is the leading provider of clean hydrogen and zero-emission fuel cell solutions that are both cost-effective and reliable.
In 2020/21 Plug Power cemented two major partnerships
https://www.plugpower.com/plug-power-and-sk-group-partnership/
https://www.ir.plugpower.com/Press-Releases/Press-Release-Details/2021/Groupe-Renault--Plug-Power-Join-Forces-to-Become-Leader-in-Hydrogen-LCV/default.aspx
The architect of modern hydrogen and fuel cell technology, Plug Power is the innovator that has taken hydrogen and fuel cell technology from concept to commercialization. Plug Power has revolutionized the material handling industry with its full-service GenKey solution, which is designed to increase productivity, lower operating costs and reduce carbon footprints in a reliable, cost-effective way. The Company’s GenKey solution couples together all the necessary elements to power, fuel and serve a customer. With proven hydrogen and fuel cell products, Plug Power replaces lead-acid batteries to power electric industrial vehicles, such as the lift trucks customers use in their distribution centers.
Extending its reach into the on-road electric vehicle market, Plug Power’s ProGen platform of modular fuel cell engines empowers OEMs and system integrators to rapidly adopt hydrogen fuel cell technology. ProGen engines are proven today, with thousands in service, supporting some of the most rugged operations in the world. Plug Power is the partner that customers trust to take their businesses into the future.
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