Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
B_B - Wrong. And NOT True!
More than 20% of Power Generation is Green.
Many power providers offer 100% Green electricity.
All of my power is 100% green. And my PEV in charged with 100% green power.
From another Board:
Here's another Fun Fact :
The Georgia plant will only cut hydrogen sourcing costs for just 15 tpd.
The rest of PLUG's hydrogen will still come from the same, Not Green sources .... Ouch.
From another Board :
Here's a fun fact! Statistically, 99% of the hydrogen used in fuel cells is sourced from fossil fuels, and NOT Green.
Once the Georgia plant is fully operational, 99% of the hydrogen used in fuel cells will still be sourced from fossil fuels and NOT Green. 15 tpd doesn't really move the needle.
From another board :
The equity in PLUG will inevitably continue its descent. As per Paul, first half revenue should be in the range of 300mill....dilution continues weekly as the ATM is hit for $30mill per week....back half of the year brings more of the same, as the ATM is exhausted and the reality of the extreme dilution that will come as the $200milli convertible matures in 2025 and adds hundreds of millions of shares to the float.....shares outstanding should double in the next year, while at the same time revenue remains stagnant(as per Paul).....pretty simple, rising share count, no cash, no revenue growth...if you were short would you cover?
WTM - CORRECTION : Martyn Lucas Investor - said :
"Plug Power the largest Hydrogen Company in the World.".
That's what he meant to say and that is NOT TRUE.
PLUG may not even be in the Top Ten !
WTM - Martyn Lucas Investor - Lost me when he called "Plug Power the largest Hydrogen Company in the World.".
PLUG may not even be in the Top Ten !
From another board :
We will see short interest grow again going into earnings. These could be the worst earnings by some measures in PLUG's history.
40% DILUTION -
I have a question about PLUG's ATM , as it appears to be negatively affecting PLUG's share price.
Who makes the "SELL" decisions each day ?
PLUG ? Andy ? Paul ? B. Riley ?
No guesses or opinions, just someone with first hand knowledge.
Thank you.
Penny - I had a Great Day Today ... How about you?
The 2 DOWNGRADES were a highlight.
And this video was Great !
WTM - Here is a Great Video :
Steve - Here is an Interesting Read.
https://www.barrons.com/articles/plug-power-stock-price-downgrade-f452dca4?siteid=yhoof2
From Another Board :
Thoughts on yesterday‘s call:
- Positive that the Georgia plant is now online. Would like to know what the total cost of the plant is and have some sense of whether it can economically produce liquid hydrogen. We do know that it cost more and took longer than expected, we do not yet know how reliably it can produce hydrogen.
- Capital expenditures will be frontloaded in 2024 putting pressure on the remaining $100 million of restricted cash.
- Revenue will be backloaded in 2024, suggesting cash flow will continue to be substantially negative for the first half.... at least
- The DOE loan has reached the term sheet phase. That is encouraging, but does not equate to an approved loan with conditions that will actually allow plug to borrow under the facility. Details in loan documents matter and we have not been provided with any details.
- The only near term source of cash is issuing common equity under the recently announced arrangement with B. Riley. I think the management misrepresented the arrangement by suggesting it is some sort of bought deal.
Standby for more volatility in this stock as bits and pieces of news emerge.
Mira - Not True.
You can go back and see that I began accumulating PLUG as soon as the First Mega-Symposium was announced.
Mac - That's not exactly what I said. ... Last year.
"I'm glad I got out of PLUG when I did, (just after the Accounting Debacle) ; and shorted when I did (about the same time)."
I was short PLUG through most of December and the Tax Loss Selling Season, and stated in another post that I was neutral through the holidays with a few options left over.
Since then, I covered some of those options in the money last week, but still have a few to go. So to answer your question, I am not totally out, but have a much reduced short position in PLUG.
Note: That I will be adding to my SHORT POSITION prior to the next earnings report.
Also Note : That a month old post of mine is dated and may not be applicable from year to year . My portfolio is never static for very long.
Penny - I am not a day trader, so intraday moves don't excite me very much.
Yesterday, however was exciting, but not enough to change my position with PLUG. I have high hopes that PLUG's Audited Financials for 2023 can wipe out any recent gains.
Here is an Interesting Read :
https://www.caranddriver.com/news/a46487825/usps-new-ev-delivery-vans-charging-infrastructure/
B_B - WRONG !
PLUG will run out of money long before the shareholder meeting.
This is exactly why PLUG has done the deal with B. Riley.
Up to a 40% DILUTION !
B. Riley & PLUG are DUMPING Shares and raising money and Diluting Shareholders.
Pump & Dump !
Not me Penny, PLUG is doing the DUMPING.
B_B - Make up your mind !
"Andy will Under Promise"
"Andy needs to Over Promise"
Which is it ? You're like a flag on a windy day.
Penny - A Typo.
Changing the subject ? A personal Attack?
It's wealthy not healthy
Penny - Mass Adoption ?
Then why has PLUG's rate of Growth SLOWED ?
If there was Mass Adoption, wouldn't PLUG's Rate of Growth be ... Growing ?
B_B - Just so everyone knows.
The next Quarterly Report may be the worst in PLUG's History, and could easily erase any of this week's gains.
PLUG will announce that they have missed their Quarterly and Annual estimates by about 60% and more disturbing, that the rate of growth has SLOWED.
Hydrogen is So Easy.
Penny - So now you are admitting that there is NO DOE loan ?
So your earlier post was in error.
I just didn't want anyone to be misinformed and think that PLUG had received a DOE Loan for $1.6 billion.
B_B - Please let us know WHEN that DOE loan is Approved.
To date it is just an application, with no guarantees.
Looks like another Over Promise to me.
Andy ? Over Promise?
Penny - NOT TRUE.
LYING PUMPER ?
Penny - Great ! I love Froth.
Let's go all the way to $75, Again.
Penny - The Audited Financials for 2023 are also coming.
Can you say, " BIG MISS ". ?
Penny - On the contrary.
There is NO DOE money. Just an application for $1.6 billion.
A BIG Difference.
"Beleaguered" ... Great way to describe PLUG !
Penny - Can you please provide a credible link that PLUG has been awarded a loan from the US DOE ?
Penny - Thank you for your concern. I only have options open at the moment. I took some profits when the ATM was announced, but I'm waiting for the audited earnings before closing out the remainder.
It has been a pretty good year so far.
Fuzzy - Forget fires, even though they are an issue.
Let's just focus on PSI. The tanks in cars and trucks are at 10,000 PSI.
The tanks at fuel stations have to be at 10,000+PSI.
A hydrogen tank failure can be catastrophic.
Propane, butane, methane gasoline and diesel failures are not in the same 10,000 PSI league.
WTM - Are you going with Andy and Paul's estimates for DOE funding ?
Good luck !
Fuzzy - A perpetual option and a perpetual derivative which must be priced quarterly in PLUG'S financials.
There is a cost for these and the cost is borne by PLUG.
A great deal ..... For Amazon !
WTM - It's too lengthy to post.
Spring for the subscription ... Use some of your PLUG Profits.
WTM - Enough Nonsense !
Let's call this what it really is !
PUMP & DUMP !
Today is the PUMP, so that PLUG can sell into the ATM at higher prices and before the TERRIBLE earnings.
When the Q-4 Numbers are released , this will be the DUMP.
WTM - The US Government does NOT move quickly, and PLUG's estimates are ALWAYS WRONG and Overly Optimistic.
DOE monies ... IF APPROVED ... will be dispersed Q-3 the earliest.
Who has been more accurate in their estimates, Andy or Me ?
Steve - Some clarity from my notes :
- Texas Plant not to start construction until 2025 and won't until PLUG has the money and the market warrants
- NY Plant not to start construction until 2025 and won't until PLUG has the money and the market warrants
- Tennessee not functional until Q-3 (their "estimate")
- Georgia not fully functional for 3-4 weeks (their "estimate")
- Georgia, The second phase has not begun construction and won't until PLUG has the money and the market warrants
- PLUG Needs the Both ATM AND DOE Loan
- PLUG is looking into FACTORING (NOT GOOD)
- A HUGE (50+%) EARNING MISS for Q-4 and 2023 !
- A 10% DROP in Revenues YOY
- Slowing Revenue Growth
- DOE Loan is NOT a Done Deal
- DOE Loan if approved won't begin to fund until Q-3 the earliest
WTM - E = Engineering. P = Procurement . C = Construction
EPC Firms like Kewitt, actually build the major facilities.
The Georgia EPC was not fixed price, nor were PLUG's specs/scope, so there was no cap on spending or deadlines. So the delays were in the EPC getting PLUG's change orders completed.