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B_B - The jobs numbers are today's real catalyst.
PLUG's PR is just another Nothing Burger,
ATM Pump.
Banger - Another Nothing Burger.
Yet another Pump PRe Market PR for the ATM.
90+% of PLUG's MOUs never finalize and never generate profits.
PUMP & DUMP ! Lame PR to bump up the pre-market, and then the ATM.
It happens Every Day !
B_B - Foreplay happens just before you get F *****
A flood of Lame PR from PLUG.
Is this to pump up the ATM .... or buffer impact of a bad Quarter ?
Steve - I respect Dave and Ole's decisions. Talent will be leaving and we will be left with the dregs.
B_B - ANOTHER NOTHING BURGER.
GREAT NEWS !
Andy just got 1.5 million more options !
Probably because he is doing such a great job !
WTM - PLUG is saving millions that would have gone to coffee and donuts.
PLUG doesn't want information leaking out as it usually does at these events.
And I don't think morale among shareholders will be very high going into the Annual meeting.
I think Andy and Paul fear that shareholders will start throwing rotten vegetables at them.
B_B - Bunker Mentality ? Hiding from the Shareholders ? Hiding from the PUBLIC ?
This is NOT a good sign !
What does PLUG Fear ? Shareholder Discontent ?
From $75 to $2.40 ? Who's DISCONTENT ?
- Q-1 revenues ought to be in the $120-$150 million range based on PLUG history and growth.
If gross revenues are below $120, I have some worries.
Up to $500 million in impairments includes shutting down facilities, severance and other RIF costs, inventory carry costs and losses.
These are just my estimates, and I would be interested in anyone else's thoughts.
WOW ! B_B - So you are saying that PLUG is UP more than 4 X , to over $10/share by the end of May 2024.
I really like my odds.
WTM - We should add Andy to your list. Andy is at the helm, and he should have acted.
Now it's the Boards time to act and Clean House. Time to bring in the professionals.
You gotta love PLUG's ATM.
Selling into the pre-market Hyped Rally.
B_B - OH NO !
Fortescue has figured out that Hydrogen Technology works, but Hydrogen Economics DON'T WORK.
Without Government help and subsidies Hydrogen is too expensive of a solution.
As an electric rate payer, I resent someone getting a special deal.
TF - That is an excellent question which PLUG is keeping as a very tight secret.
Every analyst would love to know .
Funny because we know APD, and Linde's average cost to produce which is half of the equation, but with PLUG we don't even have the cost of production.
Very frustrating.
Steve - Who is being dishonest ?
I let you decide the quality of the article. If there is a patent error I will point it out, otherwise it's an op-ed piece to me.
All of my posts are here for the record. When have I ever been dishonest ?
Steve : CORRECTION ! I introduced the article as "an interesting read" which means you draw your own conclusions.
I did not write the piece, so your criticisms should be directed to the author.
Furthermore, this board is filled with non-PLUG and non-hydrogen pcrap posted by you and others.
At least my link actually mentions PLUG and Hydrogen.
Here is an interesting read :
https://finance.yahoo.com/news/1-stock-wouldnt-touch-10-082100480.html
Steve - Work on the expansion of the Georgia Plant has been suspended due to lack of Funds and Capital Preservation.
The same goes for the Texas, NY and California projects as well.
WTM - GREAT NEWS .... For Air Products !
It means NOTHING for PLUG. Air Products is a real company.
At the Open APD is UP $2.00
PLUG bouncing off of Multi-Year LOWS !
B-B - CORRECTION: Andy and Sanjay told us that the Georgia plant would be online by October 2022.
The Georgia plant did not reach full capacity until March of 2024.
OVER PROMISED.
NEW MULTI-YEAR LOWS !
I wonder if PLUG is selling ATM's today ?
That would be Classic.
B_B - More Lame Press Releases ?
Nothing Burger.
PLUG is just trying to Pump up the share price for the ATM.
Yet Another Hydrogen Scam :
Inside A $46 Million Renewable Energy Swindle - YouTube
According to a new report from the National Petroleum Council (NPC), the hydrogen industry won’t generate enough supply and demand for the emerging low-to-zero carbon fuel to help the U.S. achieve net-zero emissions by 2050 under current federal policies..
The council makes recommendations to the Energy secretary on oil and natural gas issues. NPC’s hydrogen report was released Tuesday along with another report from the council focused on reducing U.S. natural gas supply chain emissions.
DOE advisory panel offers ‘sobering’ view on hydrogen
A Department of Energy advisory committee said Tuesday that the nascent “clean” hydrogen industry is not growing fast enough to meet U.S. climate goals, a conclusion that Energy Secretary Jennifer Granholm called “sobering.”
Growing Short Interest !
Never a good sign. 185 million shares SHORT ! 30+% of Open Interest.
I wonder if the Daily ATM is adding to this?
Nothing Burger.
B_B - Every PLUG Rally Fades Within Days !
Don't you just love Wednesdays ?
WTM - These sound very expensive.
10,000+ PSI !
Interesting to read that they can compress liquid hydrogen.
Steve - Not all of my questions are answered.
We still don't know any of the economics or financials surrounding the plants.
Are we making enough to cover new growth ?
TF - The only reason I would buy PLUG shares is to cover a short position.
Currently, the trend for PLUG is a Strong Negative, and I don't see this trend reversing.
The positive catalysts, the DOE Loan and 45v credits will bump up the price, but aren't enough to reverse the trend or counter the terrible Quarterly financials.
Remember, every PLUG Rally fades within days.
CEF - Q-1 revenues ought to be in the $120-$150 million range based on PLUG history and growth.
If gross revenues are below $120, I have some worries.
The $500 million in impairments includes shutting down facilities, severance and other RIF costs, inventory carry costs and losses.
These are just my estimates, and I would be interested in anyone else's thoughts.
MORE BAD NEWS :
Q1 revenue will probably come in around $150mill....
Paul pretty much indicated this in the seasonality comment.....
We should expect some impairment charges of close to $500mill related to inventory and property plant and equipment...
Cash burn is running around $250mill for the Q....
Expect the share price to find its way to $1.50 after earnings, if not before.
I think the continued increase in Short Interest (30%) has been a key indicator of this Negative Trend in PLUG's share price.
Until there is a Major Positive Catalyst, this Negative Trend will continue.
There is NO BOTTOM.
Steve - Before every opportunity, I feed multiple analysts with tough questions to ask PLUG's leadership. Remember when one asked about the FFI JV ? Ole leaving ?
The problem Steve, is that PLUG only wants softball questions. No questions about key metrics or deals that have faded away ...
If an analysts has the gall to ask a tough or negative question do they get to participate in the future?
I strongly suspect that the GA plant is not fully operational and may not even producing H-2. Yes the plant is Open, will someone ask what the average TPD is?