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Steve - Not Always. Have you ever seen my numerous "Interesting Reads " posts?
When PLUG gets to these levels I am covering my options. A 50% drop in less than a month makes covering options quite profitable.
MORE BAD NEWS !
Piper-Sandler reiterates : Underweight !
Has Plug Power Done Enough to Plug the Hole in its Finances?
https://finance.yahoo.com/news/plug-power-done-enough-plug-174100343.html
Bad News ? Is there another leak ?
It looks like some folks are getting a pre-notice of what is coming tomorrow. A repeat of last week?
Earlier today I guessed a good news update from PLUG .... Now I'm not so sure.
Penny - Buy the Rumor ... Sell the News !
Every PLUG Rally fades within days to NEW LOWS !
Here is an interesting read :
https://finance.yahoo.com/news/1-hydrogen-stock-buy-hand-123000287.html
Penny - You may be right, but that does not make PLUG a good or sound investment.
That have many serious issues to overcome before PLUG even becomes investment-grade.
There are many, better hydrogen investments instead of PLUG.
WTM - That seems to be your problem, not mine.
Penny - I like hydrogen. I don't like PLUG.
Please note the difference.
I have been very happy with my Hydrogen investments, but I doubt PLUG investors feel very happy with theirs.
Here is an interesting read :
Very Negative !
https://seekingalpha.com/article/4663961-plug-power-can-annual-business-update-provide-lifeline-for-stock?source=copy_to_clipboard
Very Nice Penny. PLUG can't go DOWN every day, so there will be some occasional up days.
Overall Penny the trend is still negative.
And remember, every PLUG Rally fades within days.
MORE BAD NEWS !!!
B. Riley is not the Calvary coming to the rescue. Riley's last big client was Bed Bath and Beyond (BBBY) And they are GONE ! Not just Bankrupt .... OUT OF BUSINESS! Riley is a Bank of Last Resort!
Everyone knows this and it sends the signal that PLUG is in serious financial trouble.
PLUG needs the Entire ATM and the DOE Loan. The burn rate is more than the ATM and Loan can cover. This means 40+% DILUTION and a 40+% Haircut!
B_B - Be that as it may, PLUG is now a $2.50 stock. A PENNY Stock !
Down from $75.00 !
I'm pretty certain that every Long is in the Red.
Hopefully everyone took some profits to the bank on the way DOWN, because it will be some time before PLUG is investment worthy.
I think management needs to be replaced before Wall Street will take PLUG seriously.
Everyone who drives by PLUG does the same thing.
You aren't alone ...
Make that a Multi Year LOW.
WTM - Just Another MULAG !
A solution without a market.
MORE BAD NEWS !
Plug Power: $1 Billion ATM Facility Likely To Result In Major Dilution - Sell
https://mail.google.com/mail/u/0/?ogbl#inbox/FMfcgzGwJmHpxHgwmnvcXnlFJNQHVPld
Banger - I can always count on you to look for the pony .
Let's take a step back ... Did PLUG just go from $75 to $2.00 ?
Did PLUG say they would be producing Liquid , Green H-2 in (early ) 2023 ?
Have they been able to execute on any Critical path in 2022 / 2023?
You can look for your pony, and make up lame excuses for where we are, but the TRUTH is PLUG is a LOUSY Company with Lousy Management and PLUG is a LOUSY Investment.
If anyone listens to you, they deserve to lose their money.
DILUTION ... And this comes AFTER today's 15 % Haircut !
This isn't even a gamble ! This is driving down the highway and throwing your money out of the windows!
A company that goes from $75 to $2.00 and squanders BILLIONS, is not a viable concern and NOT a sound investment.
Anyone telling you otherwise is either not sane or in on the Con Job.
Ec - The DOWN Trend is very strong and can only reversed with a major positive catalyst.....
(I wrote this yesterday. )
The ATM is a MAJOR NEGATIVE CATALYST
Think A New CEO !
The Georgia plant coming online won't do it. A Big DOE Loan will cause a short rally, but it won't be enough to stop your bleeding.
Because every PLUG Rally fades within days.
Hydrogen is so easy.....
PLUG Power Business Update: NO GOOD NEWS !
- TOXIC FINANCE !
- NO DOE $$$$$$$
- NO IRA
- NO Georgia
- NO Profitability
- NO Change in Management
- NO Goals Met
And a downward revision on guidance and 2023 earnings. IMO
B_B - This may be your last chance to buy PLUG for more than $2.00 ! Hurry !!
Who Said , : PUMP & DUMP !
Today is just another DUMP. I hope you placed your bets on RED !
Am I having a stroke ?
I smell Toast.
Much worse than my Worst Case Scenario.
They are all much better than HYZN, PLUG, FCEL, HYLN, Ballard, or BE.
I wouldn't touch any of these.
Best in breed and solid management is how I invest.
Many may like Chevron's alt fuels and hydrogen strategies the way I have.
Linde just hit ALL TIME HIGHS
And Johnson Matthey is top in their field.
Yes. JM, Linde, NextEra, Chevron to name a few
Banger - It's very easy for PLUG to announce total unit sales because there aren't very many ... which is why PLUG doesn't announce total unit sales. LOL
Hydrogen is so Easy !
Who Said :
PLUG only has a few weeks of free cash left, and then it gets really ugly.
If DOE is slow or worse, PLUG will be looking at Toxic Finance Options or selling assets to raise cash. At this point, if/when Georgia is fully operational doesn't really matter, PLUG needs more money than GA and TN can generate.
Now we know why Short Interest has been growing .
Yesterday may have been your last chance to buy PLUG above $3.00.
A SECONDARY at $2.50 or LESS is a near-term possibility.
Does it happen before the Annual Update ? Or is it announced as part of the Update.
WTM - Really , REALLLY BAD NEWS !
"JB, you've been right for a while. I hope your latest grim prediction doesn't materialize."
IT LOOKS LIKE I AM RIGHT AGAIN !
$1.0 Billion DILUTION .
Shareholders are such suckers !
https://ih.advfn.com/stock-market/NASDAQ/plug-power-PLUG/stock-news/93067967/form-8-k-current-report
WTM - CORRECTION : "JB, care to mention a few?" Was referring to the non-US alt fuel stocks which I don't like.
Some of those I like include :
Air Products
Chevron (great hydrogen strategy)
and many more.
Really , REALLLY BAD NEWS !
$1.0 Billion DILUTION .
Shareholders are such suckers !
https://ih.advfn.com/stock-market/NASDAQ/plug-power-PLUG/stock-news/93067967/form-8-k-current-report
WTM - Certainly, and since you asked.
Some of the non-US Alt fuel stacks I don't like include :
Westport
Ballard
FFI
Sasol
Thyssen Krupp
WTM - Yes. Several.
And conversely, There are several non-American Alt Energy companies which I don't like.
I tend to like the smart, well-run ones and dislike and SHORT the poorly managed ones, regardless of nationality.
WTM - It Looks like I am right over on HYZN and HYLN , too ... along with a bunch of other Alt Energy Losers.
WTM - Are they really hiring ... or just posting open positions ?
Open positions is NOT a good indicator of a company's health.
These positions could be open (and not to be filled ) because the people on the inside KNOW PLUG is going down the CR**Per and have left PLUG creating the open positions.
REALLY BAD NEWS !
Plug Power plunges again as market resets expectations ahead of update call
https://seekingalpha.com/news/4055757-plug-power-plunges-again-as-market-resets-expectations-ahead-of-update-call?mailingid=34032112&messageid=2900&serial=34032112.13798&utm_campaign=rta-stock-news&utm_content=link-3&utm_medium=email&utm_source=seeking_alpha&utm_term=34032112.13798
Plug Power (NASDAQ:PLUG) -12.9% in Wednesday's trading to its lowest in more than four years, as the market appears to have reset expectations ahead of the company's planned January 23 business update with CEO Andy Marsh and CFO Paul Middleton.
Plug Power (PLUG) has underperformed revenue expectations in recent years, and the $200M in revenue reported for Q3 was lower than the $260M amassed in Q2.
The stock has plunged more than 40% YTD, and Morgan Stanley analyst Andrew Percoco maintained his Underweight rating and $3 price target, anticipating downside to Plug's (PLUG) $2.1B revenue and 25% gross margin guidance for FY 2024 announced during its Q4 earnings call.
Given recent sales trends and margin track record, Percoco forecasts $1.26B of revenue and a negative 8% gross margin in 2024, compared to Wall Street consensus estimates for $1.69B in revenues and positive 4% gross margin.
The analyst thinks further delays at Plug's (PLUG) green hydrogen production facility in Georgia could be announced, which would add to pressure on the growth and profitability profile of the company's green hydrogen business model.
Percoco also pointed to an increasing probability that Plug (PLUG) will need to raise $1B-$1.5B of equity and equity-like capital to fund its highly capital intensive business to provide itself runway to improve its margin and cash flow profile, which is not fully baked into the current share price.