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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.
WTM - But Georgia is still not Fully Operational as promised.
Uh Oh ! A HUGE MISS !
Lower Sales ? Lower Margins ? Lower Guidance !
Just $200 million in Q-4 ! A 10% REDUCTION in Revenues YOY?
Georgia NOT FULLY OPERATIONAL .... STILL.
Tennessee NOT until Q-4 ... I betting 2025.
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