Plug Power Inc (PLUG)

[uksausage]

Yeh an UPGRADE from SeekingAlpha writer!

How do you upgrade to a sell though?

Many inaccuracies as usual no mention of the loan but at a high level a reasonable assessment.

fortunately the European business is still growing while USA seems stagnant apart from Ford. So many decisions waiting on the election for no real logical reason, but falling interest rates will certainly help things.

[mikman77]

NOT REALLY...THESE GUYS HAVE BEEN BIASED NEGATIVELY FOR YEARS!!!

[Jack_Bolander]

Here is an Interesting Read :

https://seekingalpha.com/article/4723892-plug-power-slightly-improved-outlook-makes-the-depressed-fundamentals-look-better?mailingid=36888690&messageid=2800&serial=36888690.5049&source=email_2800&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=36888690.5049

[williamjr]

Hi All : I pull this one from another Message board
https://www.grupocarreras.com/category/notas-de-prensa/

[Penny chatter]

JACK that bill could be an ASSet to plug

[Jack_Bolander]

WTM - Probably not. Way too early for that Bill to affect PLUG's bottom line (5-10 year maybe).

Look at the entire sector. Everyone is UP. All boats are lifted.

Nothing that PLUG has achieved has contributed to this bounce.

Let's see how long it lasts.

[WeTheMarket]

Today's price action might have to do with this recently passed California Bill.

Assembly Bill No. 1921
CHAPTER 556
An act to amend Section 25741 of the Public Resources Code, relating to energy.
Approved by Governor September 25, 2024. Filed with Secretary of State September 25, 2024
https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=202320240AB1921

Relevant quotes:

"This bill would revise the definition of “renewable electrical generation facility” to include a facility that uses fuel cells or linear generators that use specified fuels."

"The facility uses biomass, solar thermal, photovoltaic, wind, geothermal, fuel cells or linear generators using fuels described in this paragraph that otherwise meet the requirements of this subdivision, small hydroelectric generation of 30 megawatts or less, digester gas, municipal solid waste conversion, landfill gas, ocean wave, ocean thermal, or tidal current, and any additions or enhancements to the facility using that technology."

[glenn1919]

PLUG...............................https://stockcharts.com/h-sc/ui?s=PLUG&p=W&b=5&g=0&id=p86431144783

[tdtcal]

With the support of Bayerngas and Shell Energy, the first quantities of hydrogen were transmitted to the customer, Meggle, in September 2024.

The successful first delivery marks the beginning of a process to speed up the market ramp-up of hydrogen. The steps include shorter administrative processes and a cross-border exchange of know-how between the involved companies and authorities.

[Jack_Bolander]

tdtcal - Please let us know when this happens commercially.

[tdtcal]

German-Austrian group implements 1st cross-border hydrogen delivery

Source: Ramboll Group A/S.
A German-Austrian consortium has successfully delivered green hydrogen via a pipeline from Austria to Germany as part of a cross-border project, energy storage company RAG Austria AG said on Thursday.

RAG is participating in the project, called H2 Cross Border, with German energy firms Bayernets GmbH, Bayerngas GmbH, and Shell Energy Deutschland GmbH as well as milk processing company Meggle GmbH & Co KG. (Credit to B_a)Stocktwits)

[Jack_Bolander]

WTM - Rising on no news, too. A Miracle ?

That PR about a conference is a Nothing Burger.

Look at the broader markets. It's an UP Day for the Sector.
A rising tide lifts all boats.

Let's see if this rally holds or if this PLUG Rally fades within days.

[WeTheMarket]

Is it because of this news released after market close yesterday?

Plug to Participate in the Wolfe Research Utilities, Midstream & Clean Energy Conference 2024
September 26 2024 - 4:01PM
https://ih.advfn.com/stock-market/NASDAQ/plug-power-PLUG/stock-news/94619831/plug-to-participate-in-the-wolfe-research-utilitie

Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, announced that it will be featured as a presenting company at the Wolfe Research Utilities, Midstream & Clean Energy Conference 2024 in New York.

Jose Luis Crespo, General Manager, Applications, is scheduled to participate in a panel on clean energy on Tuesday, October 1, 2024 at 8:50 - 9:40 AM EST.

A webcast of the presentation will be available at https://wsw.com/webcast/wolfe11/plug/1959912 beginning at 8:50 AM EST on October 1, 2024 and will be posted on the Investor Resources section of the Company’s website at https://www.ir.plugpower.com/events-and-presentations/default.aspx.

About Plug

Plug is building an end-to-end green hydrogen ecosystem, from production, storage, and delivery to energy generation, to help its customers meet their business goals and decarbonize the economy. In creating the first commercially viable market for hydrogen fuel cell technology, the company has deployed more than 69,000 fuel cell systems and over 250 fueling stations, more than anyone else in the world, and is the largest buyer of liquid hydrogen.

With plans to operate a green hydrogen highway across North America and Europe, Plug built a state-of-the-art Gigafactory to produce electrolyzers and fuel cells and is developing multiple green hydrogen production plants targeting commercial operation by year-end 2028. Plug delivers its green hydrogen solutions directly to its customers and through joint venture partners into multiple environments, including material handling, e-mobility, power generation, and industrial applications.

For more information, visit www.plugpower.com.

Plug Media Contact

Fatimah Nouilati
Allison
[e-mail]

[WeTheMarket]

JB, why's the share price rising on good volume so far?

[Jack_Bolander]

More Bad News

https://www.ecoticias.com/en/pipelines-hydrogen-blending/6648/

[Jack_Bolander]

Interesting :


The Dark Side of Hydrogen Cars

[Jack_Bolander]

Quite a few without power in Camden this morning including Plug employees.

Category 2

No word from the plant or other facilities in the area yet.

[Mac1957]

Camden county shows no outages

[Jack_Bolander]

It looks like the Georgia Plant is off line. Safety first.

If the Ga. plant loses power, does it switch to hydrogen back up power ?

[WeTheMarket]

Posted 8 hrs ago.

[Jack_Bolander]

Steve - I really could care less about what any of you think of me, this isn't a popularity contest.

This is about gathering accurate information and using your brain to determine Positive , Negative and size, and manage or mitigate risk. This analysis yields a risk/reward ratio and the Risk adjusted size of the prize. This is something I have been doing since my Wall Street days with equities, options, derivatives and commodities. I could care less if these are fuel cells or widgets.

This has nothing to do with the environment or a better planet.... In that regard PLUG is a disaster, squandering BILLIONS which could have actually done some good, instead of building erections to Andy and Schumer in NY State.

So I guess I don't get any votes for Miss Congeniality ... so what , that is not why I am here and not important.

I don't know what PLUG PUMPERs are drinking and what color the cool-aide is, but it has certainly affected your brains.

The reason the SHORT OPEN INTEREST Grows as the PLUG share price falls is because these guys have measured the risks. ... And guess what ???

PLUG has no more room for error, the Billion dollar cushion is gone. Just one little mistake, Just one little thing goes WRONG like the DOE Dough not happening and PLUG is a goner ! And the chances of something BAD happening are nearly 70% !

Could I have been more civil is explaining things ? NOPE . Not my style. As I said, I'll never win Miss Congeniality , and Steve, it's not even about winning.

Rather, for me it is an intellectual exercise of taking random data, processing it correctly and acting on it most effectively. I often use the example of holding up a Quarter and asking what the group sees ... half of the room say, "Geo. Washington's engraving " . The other half says, "An engraving of an eagle". And if they can determine that the value of this knowledge is 25 cents, they pass. Looking at PLUG and seeing values much more than 25 cents , you fail.

Steve - Good luck next week, I may not care what you think about PLUG, but I do care a great deal about people and mankind (one reason why I hate PLUG) and individual people like you. Please take care and let us know the outcome if you care to, I am sincerely concerned.
I am sure they will find plenty of grey matter, probably more than I have, you just need to use more of the grey matter you have when it comes to evaluating stocks.
If convalescence is involved I suggest reading , "Against the Gods" the story of Risk.

[igotthemojo]

"the DOE isnt a loan at all. it is a loan guarantee."

just a technicality...they will be on the hook for 80% of whatever loan plug is able to get...which means they are technically not loaning money to plug but stand to end up losing a hell of a lot of money if plug gets a loan and cant pay it back...the DOE is very much a BIG part of any loan that plug gets...their money is on the line...

"Getting this far indicates the DOE believes the projects identified are achievable the question is whether the rest of the company will survive long enough for the projects to be implemented"

it means that back in May the DOE believed the projects to be achievable...back then the pps was $3.50 to $4.00...today it hit $1.94...i have a hard time believing that the DOE wont rescind their offer...i have an even harder time believing that a bank will loan plug that much money...that puts the bank on the hook for a potential $320 mil loss...maybe a deal can be worked out involving first borns and such, but i dont know...ive found that a throwing of a ton of cash at a failing company is rarely the solution...kinda like continue to buy shares in a stock that just keeps dropping...banks dont like trying to catch falling knives...

[scubastevemd]

So, Jack if you believe in something and someone caustically attacks everything are you likely to trust that person? I think if you came across more pleasantly and did not make things personal it would have helped. So, if this makes you feel superior you were right about Plug. You win we lose. I was never a believer in that book where the guy that dies with the most wins because you cannot take it with you. Be in Ct. next week being a guineapig for the MJ Fox foundation getting my Dopamine in my brain check out. Sure, they won't find much gray matter so it should be easy.

[uksausage]

the DOE isnt a loan at all.
it is a loan guarantee. so PLUG has to find a regular bank to loan them the money and the DOE will guarantee that they will get 80% or so of it paid back.
Getting this far indicates the DOE believes the projects identified are achievable the question is whether the rest of the company will survive long enough for the projects to be implemented as the loan will be being paid back from day one..

just focus on Texas, 80% of the money already spent in ground preparation, water supply, electric supply etc is supposedly included so that would give an instant $80m+ (?) cash injection much needed...

Then the fixed price contract with Kiewit to actually construct the plant can start with Kiewit knowing that they will get paid but PLUG and KieWit have to find a lender to lend them the $400m or whatever needed and PLUG has to repay the loan as in all commercial loans, the DOE just guarantees the loan if PLUG goes belly up. BUT it will take a year to build. At that point PLUG has ample green hydrogen for its own needs and can be selling its surplus to the market at huge margins…

So can PLUG survive given a small cash boost from a loan to cover the upfront costs and then paying the monthly interest and capital on the required loan to build Texas?

There is no way they can build anything else trying to build NY Stamp or Georgia phase 3 while also building Texas will definitely break the bank.

[Jack_Bolander]

WTM / Banger - If you don't believe me, you're not going to like this post.

PLUG is quickly running out of money and Paul is in Way over his head. PLUG needs to get some money in the door ASAP.

You are NOT going to like the next two deals, and neither is the market. Will these be Paul's last two deals ?

[Jack_Bolander]

Steve - Funny ... I have no credibility, but I'm always right.

Funny, Andy has credibility and he is always Wrong and lies.

Someone is living in a Looking Glass World.

[Jack_Bolander]

IGM - The Irony is Not Lost.

WTM often contradicts himself, and his post is a perfect example. He forgot to mention that I also said BUY when PLUG was at $2.50 and ran to $75.
If anyone had listened to me with PLUG and a dozen other stocks they would be very wealthy. If you go back you see that I was spot on with secondaries, earnings, nothing burgers (MULAG is my favorite) ; a batting average well over .800.

Funny that WTM's TOP FOUR Stocks are at/near ALL TIME LOWS !

Funny that my TOP FOUR PICKS are ALL at All Time Highs !

[scubastevemd]

I think many of us fell in love with the idea of Fuel cells and Hydrogen and got caught up in the hype to the point we ignored what should have been the obvious signs like Andy selling the accounting issues and the string of missed projections and earnings. Just waited for things to turn and believed way too much in Andy and his pumping the company and making promises and statement never kept, deals that never materialized and endless bad decisions. Watching Fox Business at lunch a congressman came on and said Trump should get rid of the 1.3 trillion spent on the green energy package and get Government back to the pre covid spending. If he's right and this is delayed it could very well happen. The DNC likes to make big promises they can use as campaign slogans but never really act on. The Progressive end of the Party did not like the bill and either did big oil, so they sought to make it harder and slow of kill development with tighter rules. I'm sure like most things you can just follow the money. H2 just may end up another niche market or another experiment that ends up back on the shelf unless a new discovery makes it cheaper than batteries.

[igotthemojo]

"JB, you've been right a lot lately."

if he has been right a lot and has made excellent calls, what more credibility is needed???...lol

"The low credibility is due to the fact that as far as I can remember and can discern from your posts, you've have always been negative on PLUG."

which has proven to have been the CORRECT call...how is that a negative??...

"If someone like UK, Steve, BB, and others, had made the above recommendation, I would have likely listened to them, because they have credibility."

but since they didnt, you lost money...so how has your definition of "credibility" worked out for you?....maybe rethinking your thought process is what is needed...maybe the problem isnt JB...maybe its you....

HELLO!

[igotthemojo]

yup...it appears that the water produced by gas or hfcv are about the same...

[WeTheMarket]

JB, you've been right a lot lately. Your best call/advice/recommendation was to sell PLUG when the share price was at $65 (near the peak), and Andy sold millions of dollars worth of shares. Unfortunately for us, due to your low to no credibility, which persists to this day, I didn't listen to your advice. The low credibility is due to the fact that as far as I can remember and can discern from your posts, you've have always been negative on PLUG. A few of your posts, at times, seem to contain positive information, but it's either unclear if you are serious or sarcastic, make cover your ass type statements, or are just vague enough to not be clear one way or another.

If someone like UK, Steve, BB, and others, had made the above recommendation, I would have likely listened to them, because they have credibility.

[igotthemojo]

the 45v would have already been implemented but so many didnt agree with how regulatory agencies wanted it implemented that it has been delayed even further...thats just how it goes...the delay could last until after the election...and if trump wins, those who caused the delay will likely wish they had just accepted the 45v that was presented by the regulatory agencies...in the end, it will be a big win for hydrogen or a big loss...time will tell...they wanted more and they are risking getting nothing...

the DOE loan is a loan...its not free cash...if it looks like that $1.6 bil wont really solve plug's woes or even help much, then its a bad loan and it wont be made...my guess is the DOE is giving plug time to show that their money wont simply go down the drain...because at this point, that is the outcome they are seeing....this has nothing to do with the presidential election at all...

[Jack_Bolander]

It happens every time.

Pumpers stir up froth (Buy the Rumor ) .

And then the News disappoints (Sell the Facts).

ECL = Nothing Burger

[Mac1957]

A combustible engine will put out more water than that from condensation during the winter I don’t believe water is a problem

[Jack_Bolander]

WTM - I am in AWE !

Your Top Four stocks are AT or Nearing ALL TIME LOWS ! How do you do it ?

I couldn't find 4 worse stocks if I tried . You have a remarkable talent.

If there any other stocks that have caught your eye please let us know ... especially if they are way overvalued.

As for you honest question, there is no truth or proof that 45v and the DOE Dough are being purposely delayed.

[WeTheMarket]

Honest question It has been cited, and now appears to be materializing, that both 45V and the DOE loan, are purpously being delayed until the upcoming Presidential election in November. Can anyone please explain to me the logic behind that decision/strategy? I personally cannot think of a single good reason to do so.

[scubastevemd]

I guess timing is everything and we were ahead of the curve and things move slower than expected in life and then before you know it things have changed. You can be a pioneer and still lose out to a new upstart with a better mousetrap or an old company that is wiser with deep pockets. Andy was way too aggressive and blew a huge wad of cash without knowing the regulatory hurdles and how slow things would move.

[Jack_Bolander]

Collectively Fuel Cell Stocks are at ALL TIME LOWS !

But Hydrogen Stocks are at ALL TIME HIGHS !

You guys picked the WRONG HORSE.

[Jack_Bolander]

WTM - NKLA is at ALL TIME LOWS !

Another Hydrogen FAIL.

[WeTheMarket]

What are Hydrogen Fuel Cell Class 8 Trucks & Nikola's Biggest Challenges

Cars and Culture with Jason Stein
30.7K subscribers
Posted Sep 23, 2024

Steve Girsky, CEO of Nikola Corporation, talks about some of Nikola's biggest challenges and why hydrogen fuel is a viable option for heavier vehicles.

Watch the FULL EPISODE here

[igotthemojo]

4,000 seems awful light....i saw many estimates that said 20,000 drops are in 1 liter...one said 10,000...i didnt see any that were less than those...other than yours...

"so a Nikola hydrogen FCEV truck would release about one drop of water every foot traveled"

assuming one can drive around non-stop...but in reality, there are stoplights, stop signs and many other reasons why vehicles have to come to a stop for 30 seconds or more...if you have 10 or 20 fcev constantly stopping at every red light all around a city for 30 seconds or more, all day and all night, thats going to cause a whole lot more water on the streets than you are anticipating...

[williamjr]

Hi All : PLUG got the hiring sign out on the website for St. Gabriel, LA

[WeTheMarket]

Global hydrogen industry reports $75 billion in committed capital but climate targets at stake due to project delays
Sep 17, 2024
https://hydrogencouncil.com/en/global-hydrogen-industry-reports-75-billion-in-committed-capital-but-climate-targets-at-stake-due-to-project-delays/

California Hydrogen Business Council
7,916 followers
5 hours ago
https://www.linkedin.com/posts/california-hydrogen-business-council_hydrogen-hydrogenprojects-decarbonization-activity-7244382582765678592-fWj8/

The Hydrogen Council has published the Hydrogen Insights 2024 report and found significant progress has been made in the sector, with $75 billion in committed capital and a growing number of advanced projects.

The report had four main findings:
- Investments: Seven-fold increase in capital committed to hydrogen projects reaching FID in the past 4 years.
- Growing Project Maturity: Clear shift from announcements to advanced project stages.
- Navigating Uncertainty: Regulatory decisions and policy, or lack thereof, create challenges.
- Moving Forward: To accelerate decarbonization, an 8-fold increase of investments in hydrogen is required until 2030, compared to the current investment of USD $75bn past FID. Addressing this challenge calls for a joint effort by government and industry.

[Jack_Bolander]

Banger - The Germany section was Huge, fully 1/3 of the exhibition.

Bosch likes to do things their own way, and felt they would have been diluted .

And don't just blame Sanjay and Twiggy. Marsh is the CEO and he should have acted as the CEO .
Andy's incompetence is why PLUG is circling the Toilet.

[uksausage]

Bosch I would have considered as they are in the valves and monitoring technologies for gases as well as the fuel cells.

I hope it is a sign that for now PLUG Is being very picky as to what they spend their marketing budgets on.

I assume they were there last year and would start to be concerned if not there next year - but if they are still in the producing business then I will be very happy.

As you keep pointing out they have short term issues that need $$ to be resolved. Sanjay ( and Twiggy) talked Andy into being too greedy in their strategy, could have started small and funded things more easily. [Not that Andy needed too much encouragement]

[Jack_Bolander]

Banger - None of those you listed are bulk Hydrogen producers.

Even Olin was there as a Hydrogen producer.

The only Hydrogen producer not visible in any way was PLUG.

[uksausage]

So Jack
Were other hydrogen players there such as :
Bosch?
Ballard?
Bloom?

I know PLUG as a vertically integrated company covers more of the infrastructure for gas but would hope Bosch at least was present.

[WeTheMarket]

As a follow up to my previous post I found the following information, 1 liter or 1 kg water = 4,000 drops (see reference below). In my previous post I calculated that a Nikola hydrogen FCEV truck releases 1 kg water per mile driven. From the information below, one liter of water or 1 kg of water is 4,000 drops, so a Nikola hydrogen FCEV truck would release about one drop of water every foot traveled, not enough to be a concern for causing roads to freeze in the winter in northern regions, in my opinion.

By these drip estimates: One gallon = 15,140 drips. One liter = 4,000 drips. Source https://water.usgs.gov/edu/activity-drip.html

[Jack_Bolander]

B_B - The big difference is that a hydrogen vehicle "exhales" much more water vapor than a human.

[B_B!]

It is, after all, warm as it leaves the exhaust and disperses in the air in the same way as water vapor from human exhalation.

Hydrogen Cars in Winter: Will Exhaust Cause Roadway Ice?
June 1, 2024 6 By John Max
…
will ice buildup occur in a cold water vapor exhaust system or will it lead to sheet of ice forming on roadways?

Experts aren’t concerned

Those with experience with hydrogen fuel cells aren’t concerned about this issue, and there are many reasons for this. The first is that they know that conventional gasoline-powered internal combustion engines already produce a certain amount of water vapor in their emissions, and this is not a problem in those systems.

The next is that those familiar with fuel cells understand the volume of water vapor that is being produced by the systems. Unless the exhaust pipe for the water vapor were to be pointed directly down at the road and positioned close to the road surface – a design that is neither practical nor under consideration by any known vehicle manufacturer – then it won’t end up on the pavement in any meaningful way. It is, after all, warm as it leaves the exhaust and disperses in the air in the same way as water vapor from human exhalation.
…
https://www.hydrogenfuelnews.com/hydrogen-cars-exhaust-roadway-ice/8565024/