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This is interesting- I wonder how this plays out with Hyvia? Looks good for Class 8.
Yep, Jammy you are a newbie and have not seen the lies, over promises, failures to disclose pertinent information, the accounting mess and all the stock issues that were not needed but happened, etc. This last miss is part of a long line of screw ups. Not sure if Max Pain is right and if there is something up. Max Pain shows $14 for this week or about where we are, but next week it shoots up to $17.50, but then heads down to $13.50 in a few weeks. Not sure if the market does another small buys up , short and dump like they have been doing. Should be fun to watch.
Credibility and trust are at an all-time low in my opinion regarding Andy and Paul. What are the consequences of their poor performance? What will they do to repair the damage? I think they believe everyone will continue to buy their line and projections forever like we have no other choice where to vest our money. I don't know if they even care about the small shareholder or fear any consequences to their missing repeated revenue projection, increasing losses and many issues during they admitted to production. The lack of transparency is still an issue. The BOD seems as inept as management as they have done nothing either. Can anyone say when and if they will ever be in the black and how much revenue it will take to do so? While they are driven to sell product, you can't stay in business forever selling at a loss. Is it just me or does anyone else feel they feed you enough to get you to stay just another year and keep moving the goal post out further? If I'd known, it would take this long I would have sold a long time ago or never put in the amount I did.
Commissioning and commercialization of the Ga plant 2022 to mid 2024. So, when does the plant start creating a revenue stream? Does it start when it supposedly starts producing Green H2 in March or April or is it in mid 2024. I just found the use of these words confusing and wondered how they related to actually making money.
I really feel shareholders have been misled by Andy and while I never had thought of a class action against him and the company it is looking more justified at this point. There seems to be nothing being done as to their compensation, options or any job losses for poor performance. We have no clue as to when or even they get in the black and profits seem secondary to saving the earth. It is looking more like Atlas Shrugged every day and he's not the hero, but the part of the political left elites that believe rules are for fools and you get what we get peons. Just disgusted and mad at myself for risking my hard-earned money. Well, again, why I have life insurance as a just in case at this point. Let's hope for a miracle that they get their act together or the BOD steps in.
From what I read they used H2 in half the plane and jet fuel in the other half and did not use the H2 pods in this test. So, when, if successful in all their attempts and getting the infrastructure set up do you expect this to bring in revenue? What maybe 2028-2030? I find it hard to get excited about anything with Plug anymore. Sadly, this used to be fun to own and now it just provides depression and remorse.
Well, crap! Once again without fail they fail to deliver even on reductions, which they should have anticipated and guided way down to beat. Their credibility has gone to crap. Stupidly I held and now suffering yet more balance sheet losses and forced to sell one position I had in one account. My own fault for believing they had their act somewhat together. Given that they are apparently over their skis and the learning curve is a lot harder than they apparently thought setting up a new factories, new products and timing of delivers to clients not yet ready because they also have issues. So, what really bothered me on the list I did not see the Ca. plant. Has that been nixed, delayed or what. Even bigger Paul said 10% margins, but -.24 cents I assume that earning for 2023. Sorry, that sucks. So, when exactly are we to become a profitable company and if they cannot do it with 1.4 billion of revenue when can they? Will, it be 2025, 2028,2030 never? Had I had any idea it would take forever I'd sold. I feel that Andy and his gang has sugar coated reality. They put pedestal customers in front of us that may get announced. That has become meaningless at this point. While the letter was more transparent, I just don't know if I can believe anything they say. How can I trust a 2023 target if they cannot even get one right in a quarter, much less one in 2025-2030. What I want to know is when will we show a profit and by that I mean in the black!
I'm in hopes they brought down numbers in January so they could beat them and at least look like they under promised and over delivered. If they do worse than the restated estimates, then we are in trouble and so should be management. I hope this is not the case along with no more shares being issued. I'd like updates on all the projects we have going, and which still exist and are they on schedule, etc. I'd also like them to restate the would-be OI break even by year end. I do not expect big news as they never do give us that at earnings. Just give me the facts and be transparent.
Agreed, been here a long time and it has always been next quarter and then next year. Time to shitake or get off the pot.
I thought Andy or Paul said we had no debt at the last call?
Here's another thought. Andy sure has sounded very confident about the future and I'm guessing about the $100 a share price. What would make him so positive when everything going on in the economy is pretty terrible right now and we have had to pull back on numbers the last 2 quarters. Is Andy holding 4 aces in his hand or just bluffing us?
Is it feasible that Andy's slip of the tongue about a Tesla mention is actually true? One tie might be they need extra power for their charging stations. The second thing is they are about to have a huge amount of competition they never had before now in the EV space. How could he get ahead of the next wave and compete with Toyota, who already has a head start in the FCEV race? Could it be conceivable that Plug and Tesla could be working on a FCEV car of the future? There is still the mystery Apple Car out there also. They all might just be waiting for the infrastructure to build out before a launch.
Andy talked about buying a truck company, but then backed off. I wonder if they tried to buy Nikola or Hyzon and neither agreed? Nikola's earning were also off and they only delivered like 20 of the 120 trucks produced. I'm not sure, but maybe folks were waiting to get their tax incentives approved before ordering them.
Is that one of those 50\50 deals on the sale of H2?
This is not the same bus deal they had with Eidson Power in South Korea is it?
Interesting this is the second company they are using to add expertise to their engineering. You just have to hope they are making the right choices to stay ahead of the race. Andy only has a year or so if you count to the end of 2024 to get his big pay day, so time is running out to get the stock to $100 a share. Maybe they should consider a merger with Bloom. That way they cover both Oxide and PEM cells, and we can supply the green H2 to thier fuel cells.
Watching their 5\22 presentation and impact coatings sells solution and basically looks like they do R&D and let's clients test new technologies and coatings to increase performance. They can also do the coatings and can sell the machines to do so. Looks like we are trying to stay ahead of the game.
Just saw this one. What do you all make of it? https://hydrogen-central.com/plug-power-impact-coatings-sign-letter-intent-about-coating-services-for-electrolysis/
Interesting on the earnings announcement set for March 1st they mentioned robots. Have we ever discussed that?
Seems, like a much smaller deal than I thought it would be, but anything is better than nothing. I just don't see how we hit our revenue targets unless we hit on some large, sustained deals. I had thought by now data center deals would be ramping up and not a darn thing yet from anyone and that looked like the next BIG THING that would sustain the business for years to come. Has this stalled or are there better mousetraps?
Yes, saw that this morning and glad we are not doing trains, but I suspect buses and class 8 trucks, vans may have reduced mileage also I read in cold weather, but not as bad as batteries. Still, with a higher cost currently this does not help us.
why do you say that? He already preannounced. We will once again come up short of expectations he said. That makes 2 quarters in a row after Paul said we would be conservative so this would not happen. Under hype and over perform I think was the idea. Well, we see that did not work, unless he lied and now says we will beat like Bloom did on the top line, but they still had a loss and decreasing margins. Hoping they have some red meat, or we will be doing good to stay where we are now. I hope as the IRA and HUB deals come into play along with other things progressing the stock goes up as we get nearer OI BE.
Neither they both have motives but pick your poison if you must. It is all up to you. My feelings are mixed and tainted since I have been here a long time and dragged through the mud, beaten and left to die. How's that drama for you? Andy has sold me on staying in the game to my harm. I should have never bought his timeline, but now it is like being in a long series that drags on forever and there is one or two more seasons (hopefully) so you continue to watch. If greed and luck along with his buddies at MS and Blackrock deem it, he gets his $100 by the end of 2024 for his payday and most likely retirement. If not 2025 should be the year we actually make money unless they somehow screw that up somehow. Just my grouchy old man opinion.
Jammy, analyst do what they are told mostly by their employers and if you have followed Plug for a long time we have had One guy have us at $70+ and others at $17. Morgan had us under the price of our large offering and then has change it from $60+ to $28 and places in between. Take them with a grain of salt. The computers and algos control the markets in general anymore.
Adani under scrutiny right now for fraud. India is layered with hands to feed which makes it costly for anything to get done. I will believe it when I see it, but wish them the best.
All I can say is holding PLUG has been a negative experience, but I guess we could say that about many growth companies. How can a stock be at $75, with only a few contracts, and one line of business and now have 3 lines and priced at $15? Revenues have greatly increased and yet we are down 80%? Yes, I know $75 was a bunch of hype, but this is insane. Sorry, just been a very depressing experience trusting the management of Plug to do the right thing and being let down time and time again. I'm losing faith in the leadership of Plug, the county, and the market has become a cesspool of criminals running a rigged game with little to no transparency. I had hoped thigs would get better, but things are worse now than ever it seems. Sorry for the rant..
Seems these things get dragged on forever, don't they? Let's hope Bloom's earnings tonight shows that a FC company can make money and give us a bounce. Not that I think it happens, but it would be nice.
Yep, old news and I believe the driver was at fault and nothing happened to Plug.
Plug's team in India has started an initiative to reduce stress and increase coworker coordination by starting the morning with a drum circle. Now that is how you find your rhythm at work! You can't make this stuff up. Right off of PLUG'S Twitter page with sound
Gee, how many tankers trucks, gas trucks and others carrying hazardous material have accidents? If you are on the road these things happen and even gas lines blow up. All bad, but stuff happens because we are human.
The dream of carbon-free flight is inching toward some reality.
The Federal Aviation Administration on Monday granted California-based Universal Hydrogen clearance to proceed with a first flight of its hydrogen-powered Dash-8-300 test airplane at Moses Lake.
On Friday, the aircraft began initial ground taxi tests and on Monday the propellers ran up to their full RPM. The FAA’s grant of the special airworthiness certificate in the experimental category means that, provided the taxi tests go well, the plane could fly as soon as this month.
Universal, led by Paul Eremenko, former chief technology officer and leading clean energy visionary at both Airbus and United Technologies, is developing the technology to retrofit midsized turboprop aircraft to run on hydrogen.
To create the necessary infrastructure for hydrogen-powered aviation, the company is developing modular pods of liquid hydrogen that can be easily transported to any airport by truck and loaded onto an airplane.
Separately, Universal’s engineers are developing a power system inside the plane’s nacelle — the casing around the motor — including a fuel cell that converts the hydrogen to electricity that turns the propellers.
Eremenko in an interview Monday compared the hydrogen pod to a Nespresso coffee pod and the airplane to the coffee machine.
From what I can find that would cover the whole cost of the truck plus some at an estimated $268,000. I think they also have a lease program. Not sure why their stock is down. Now all they need is a supply of H2 and that should boom sales.
We are so manipulated! hit $18.88 and up over 6% while the Naz is still way up. No news and we fall off the cliff. Andy needs to have the stock trading investigated.
Let's keep a level head and remember the last time we ran to $18 and then retraced. I hope this time is different, but nothing would surprise me. We have Amazon earnings tonight, on 2\9 we have Bloom and then even though we preannounced things would not be as good we have no idea just how bad the loss will be in March so we could go down then.
Well, that should help, especially with our new partner J Matthey and others like Hyvia, and Acciona etc.
They better move quick on a site and power sourcing if they want something that big producing by 2025. I suggest Ga. since we have power, water, rails, shipping, no unions and large tax incentives. We also have a Green H2 source here.
Right, I caught that revenue 26-28 was mentioned but the announcements this starting this summer with PLUG being involved in some way with all of them. That should help the stock and add millions to the future bottom line.
So, Andy said Hubs starting this summer being announced and yet Jack says none in 2023 or 2024. Why is that Jack?