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.3% THC is THC though.
Latest short interest drops about 34%
SETTLEMENT DATE.......... SHORT INTEREST
01/29/2021.............................. 41,334,747
01/15/2021.............................. 62,802,396
It isn't?
https://hempinc.com/hemp-inc-set-to-distribute-full-king-of-hemp-product-line-across-country/
I agree though that the non marijuana business will be the main driver.
Yes, but did he legalize marijuana federally?
Are all their products legal in every state?
The Dems are expected to legalize marijuana on a Federal level. I believe all pot stocks are rising in anticipation of that.
Ok, thanks. I guess I'll buy some protective puts at the end of March then. The knee jerk reaction to lower revenues and bigger loss will likely be brutal for a day or two.
I'll just go back to counting my money for awhile.
That's true. Maybe just a revenue beat.
Also, news:
Plug Power's $2B Capital Raise Marks the Largest Bought Deal in the CleanTech Sector
9:46 AM ET 2/9/21
Plug Power's $2B+ Capital Raise Marks the Largest Bought Deal in the CleanTech Sector
Ideally Positions the Company to Accelerate Global Growth Strategy
LATHAM, N.Y., Feb. 09, 2021 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a leading provider of hydrogen engines and fueling solutions enabling e-mobility, today announced the completion of its previously announced upsized offering of 32,200,000 shares, which includes the underwriters option to purchase an additional 4,200,000 of its common stock. The shares were sold at a price to the public of $65 per share with net proceeds in excess of $2B. This transaction signifies the largest bought deal in the cleantech sector. This offering represents the third largest follow-on primary block trade with Morgan Stanley as a sole bookrunner in any market sector historically. Proceeds from this transaction, and final closing of the partnership with SK Group, will bring the total cash balance to over $5B. This liquidity positions Plug Power to execute and accelerate it's green hydrogen and overall growth strategy.
Key focus areas for 2021 include:
-- Accelerate expansion in green hydrogen generation business
-- Successfully launch JVs with Renault and SK Group establishing a global
footprint
-- Continue to expand via partnerships, joint ventures and acquisitions in
the hydrogen ecosystem
-- Expand customer relationships across all businesses to achieve $750M in
gross billings in 2022
Plug Power is on track to build the first green hydrogen generation network across the United States. The Company is targeting multiple green hydrogen plants in North America by 2022, and recently announced its increased green hydrogen generation targets to 500 tons per day by 2025 and 1,000 tons per day before 2028. The green hydrogen generated by this network will support the mission to decarbonize the broader transportation and logistics industries, a mission shared by both Plug Power and its customers, and plans to execute on this strategy working with partners on a global basis.
Plug Power's strong balance sheet allows the Company to accomplish its goals to become an undeniable leader in the hydrogen economy both organically and through strategic acquisitions. The Company is building the necessary foundation to be an industry leader in the $10T hydrogen economy.
Plug Power is well positioned to be aggressive in 2021 and beyond, as we execute on our key targets in green hydrogen and global market expansion, " said Andy Marsh, CEO of Plug Power. "Our ability to raise $2B, the largest bought deal in the cleantech sector, signifies a vote of confidence by investors in our vision of becoming the leader in the Global Hydrogen Economy."
I think we're being set up for a big revenue and earnings beat in the next earnings report.
I've been searching the Internet this evening but haven't been able to find your investment newsletter, uk. What gives? Are you on YouTube yet?
Only kidding a little.
The business update should have provided momentum until earnings are reported in early March, but the company pulled the rug out from under us with the stock offering.
News would be appreciated, even if it's nothing more than to say, "We just got another $1.8 billion to help us build all the new plants we need in the U.S., South Korea, and Europe."
Maybe, but I suspect it has less to do with changing over to green energy and more to do with weakening America on the world stage.
They haven't completed the offering? Maybe they went back to the trough one time too many?
How embarrassing!
Latest short report down about 700,000 shares
SETTLEMENT DATE................. SHORT INTEREST
01/15/2021.............................. 62,802,396
12/31/2020.............................. 63,501,231
I agree with BDW this info should be available daily. Maybe some day computers will get fast enough to make it possible.
I would prefer a market that doesn't allow short selling. If you want it buy it, and if you own it and don't want it sell it.
I wonder what price PLUG would be under that system?
The phrase 'pump and dump' reflects negatively in a manner akin to 'scam' and 'fraud'. PLUG is none of these. I'm sure they have a valid reason for raising another $1.5 billion.
I just think they should have been up front with their plans in the business update.
I'm happy to say that I closed my $66 calls for this week at a profit, yesterday, albeit nowhere near yesterday's high price.
I would have said something during the business update like, "The future is so bright for PLUG and the hydrogen industry, that we will be be raising more capital very soon, to ensure we have the necessary tools to cement ourselves as the industry leader."
It does seem a bit underhanded to hold a business update meeting, supposedly to bring investors and analysts the latest company news, and neglect to mention a share offering scheduled to happen at the end of that very day.
I did some research and smart contact lenses are being developed. I don't know if Vuzix is involved, but a company called Mojo seems to well along with them.
I can't imagine the microscopic electronics they must require.
The offering seems to be at $65 per share.
https://www.nasdaq.com/press-release/plug-power-inc.-announces-pricing-of-upsized-public-offering-of-common-stock-2021-01
I think a company that will fit in nicely with PLUG's plans might have become available at a price they can't pass up.
Andy said he intends to be aggressive with his growth plans.
Andy couldn't say GM, but he could say Spring Hill, TN. Lol!
https://www.forbes.com/sites/edgarsten/2019/09/09/fuel-cells-find-their-place-on-factory-floors/?sh=dc22c795ee99
Actually, PLUG only has a business update tomorrow, but they might give some guidance as to 4th quarter earnings. Official earnings should be reported in mid-March or so.
Contacts? Really?
I've been wondering if there would be a consumer interest in Vuzix smart glasses. I'm glad you brought it up. I'll be watching for clues.
Hopefully tomorrow's Mega Update will put some new wind in our sails.
Thanks Dano. The couple of us here on this board are always happy to read anything you might be able to share.
I was feeling like a genius with my purchase of $66 calls for this Friday, but not so much anymore.
There's still time.
So many times I invest in companies and wait weeks for any news at all.
VUZI is refreshing in how they update us with progess reports usually 2 times a week.
Good luck eom7. I'm fully loaded with Jan2023 calls. I expect VUZI to be much higher by then.
Thank you for your efforts toward our education, WH I've embarked on a study of calendar put spreads.
Short term option calls are more of a bet than an investment, but I'm wrestling with whether I should buy some 1 or 2 week calls for PlUG tomorrow.
Tuesday, PLUG will probably raise their 2024 income expectations. They will probably discuss the new partnerships in South Korea and France and give growth expectations. Maybe they'll hit us with something new.
The market seems primed to reward PLUG with higher stock prices for any optimistic news and outlooks.
Yes, hopester, FCEL has been discovered and is no longer a cheap investment in long-term calls, but money can still be made with them.
There is a lot of sensible investing advice being written on this board by others other than you. You should listen to them.
A short squeeze could happen. 20% short. For sure this stock wants to go higher.
Options are a great tool for creating wealth. I've found the best way to play them is to identify companies with great futures that haven't yet been identified as such by the market, and then buying the longest term calls at or near the current price.
Much like I did when FCEL was at $2.50.
Once the company has been discovered by the market, the calls become too expensive to take a chance on, and it's time to look for other candidates.
VUZI set a 10 year high today.
Sgt Schulz knew, "Nothing...NOTHING!"
Arte Johnson on Laugh In found things, "Verry Interesting."
VUZI is breaking out today. I love how this company is undiscovered so far. Discovery is coming soon.
The time has arrived for FCEL to start contributing to the market's interest in the hydrogen economy.
No more riding quiet beneath the radar.
Beneath the veneer of optimism, I sense a negative bias in the author's outlook toward Plug Power's future prospects
Wrong. It isn't consolidation or a correction.
It's a knee jerk reaction. Today's closing prices in FCEL and PLUG, in relation to their openings, will either justify Mr. Coster's lowered price targets, or slap him in the face with them.
Time will tell.