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Mac - Depends on the temperature and if I use the AC or heater.
Average about 30 on batteries alone.
My commute is 24 and I have a free charge at the office.
Mac - Almost funny. Total range is about 400 miles. I can refuel at any gas station with unleaded regular.
According to the onboard computer I am averaging more than 94% Zero Emissions.
If everyone averages 90+% I don't think we would have the problems we are.
Not perfect, but better than the average.
Wow ! How does this compare to BEV and Hybrids ?
Tens of Thousands of BEV's and Hybrids versus Hundreds of FCEV's ?
I think I know who's winning.
WTM - An Expensive Internal Combustion Engine that Pollutes.
Just what the world needs ?
Steve - HERE IS A REALLY INTERESTING READ :
From another Board:
Plug will dilute 300-400mill shares based on the ATM.....they will further dilute 200-300million shares in 2025 as the convertible matures....
The company will continue as a GC based on limited financing options and approx 100mill of unrestricted cash....250mill goodwill impairment and a corresponding 500mill to a billion impairment relating to inventory and property plant and equipment coming....
The company projects no revenue growth in 2024, with a majority of revenue projected in the back half of the year.....for every long willing to continue to buy, Plug will happily sell you shares..
.tough to believe in a company that bets against itself.
No wonder NO INSIDERS are buying the stock even at these levels !
B_B - But Bob, you keep posting all of this Hydrogen News about Hydrogen cars and boats and airplanes, ... Won't demand exceed supply ?
When Demand exceeds Supply, Prices go UP ! That's why hydrogen costs more than $30 / kg .
I think all of that news you are posting is real, and hydrogen will reach $100 / kg, and so will PLUG's share price.
Or hydrogen will go to $0 / kg and so will PLUG's share price.
Or the folks making hydrogen will try to get as much as they can for their hydrogen (as much as the market will bear) .
Steve - Here is an Interesting Read :
WTM - Highlight "Going out of Business"
Banger - I would only be guessing and guessing is not my style. But PLUG is slowly learning that selling below cost is not sustainable for very long.
I sure hope that the Green Georgia Hydrogen is cheap to make, store and ship. I don't see much room for pricing errors.
Knowing what we know now about PLUG's situation, if I was a PLUG customer, and they came to me with a price increase, I would say, "No thank you.". And the next time they called on me, I would request a price decrease. "90% of what you want/need is better than 0%."
WTM - I also think the poor timing of a price increase signals desperation to the market, and that we really need cash !
PLUG is giving up market / bargaining strength by doing this and customers like Walmart will use it to their advantage.
WTM - I think PLUG will encounter resistance to price increases, but everyone seems to be doing it.
Before now, there was no inflation and interest rates were low.
It will be interesting to see if the price increases hold and sales volumes do as well.
I'm out taking my money to the bank
Another One - Off?
B_B - Unique = One-Off
B_B - Of course it works. No one is arguing that .
But is it economical to operate ?
Mac - ALL of the rest of the Hydrogen made in the US is made with fossil fuels and NOT with electricity. So I am 100% certain that 100% of the hydrogen PLUG sources from others is grey or blue.
Do you know of anyone producing green hydrogen in the US other than the Georgia plant?
Mac - I hope PLUG is using 100% green power in the Georgia facility.
But still 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, because the rest of the hydrogen in the US is grey or blue .... Ouch.
B_B - Another Uneconomic Pilot.
Just like the FEDEX and Microsoft Pilots. Yes, the concept works. It would be a bigger surprise if it didn't.
But the expenses make the project and the hydrogen produced uneconomical.
Joy - I am in awe of your Brilliance.
Which metric(s) are you using in determining that PLUG is the top Hydrogen company ?
Production volumes?
Market Cap ?
Other ?
That certainly makers "Refueling" Convenient
Joy - Sorry, No.
PLUG is NOT the top Hydrogen Company. Not even close.
Joy - Yes and Yes.
Some people are even paid to Pump a Stock too.
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.