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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.
WTM - It looks like I am right on HYZN, too !
Steve - Correct !
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.
The 8:30 am timing would fit the Day Of the Update scenario.
Banger - Titles don't matter.
PLUG needs an entirely NEW C Suite of professionals. Not the neophytes we have now.
That would have been much easier at $20.00/share. Now we need a proven turn-around specialist, and these don't come cheap, and they don't go to a one-horse , backwaters like Latham, NY.
If there aren't MAJOR CHANGES in management, PLUG is done for.
WTM - No Mention of PLUG !
WTM - I just cancelled my subscriptions to Popular Science and Popular Mechanics !
I can get all of the news of the future right here ! Flying cars, colonies on the Moon, cheap / easy hydrogen....
Nothing that will affect PLUG's share price for at least 10 years from now.
Ec - The DOWN Trend is very strong and can only reversed with a major positive 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.....
MORE BAD NEWS !
From another Board :
Hydrogen vehicles in Denmark left without fuel as all commercial refuelling stations shuttered.
According to the Danish Car Importers association, there were only 147 FCEVs on Danish roads at the end of last year, with only one sold so far this year — all of which now have no means to refuel.
https://energywatch.com/EnergyNews/Renewables/article16432608.ece
WTM - One of the 3 Biggest Lies ever told is : " I'm from the Government and I am here to help...."
Everyone knows this .... Except for PLUG s management.
No insiders are buying because they know the truth. And it isn't pretty.
eco - Why would you be a buyer at $2.00 ? Does something magical happen at $2.00?
PLUG is not a good investment at any price, and if PLUG goes to $2.00 you have proof that it is a Lousy investment.
A NEW MULTI-YEAR LOW !
PLUG Power Business Update: NO GOOD NEWS !
- NO DOE Money
- NO IRA
- NO Georgia
- NO Profitability
- NO Change in Management
- NO Goals Met
And a downward revision on guidance and 2023 earnings. IMO
PLUG Power Business Update:
January 23 , 2024.8:30 Eastern time
Details to Follow.
A New CEO. Meh
WTM - MORE BAD NEWS !
ONLY 5 Stations (or less) ? $70 million ? That's $14+ million per station which is crazy expensive.
Everything about Hydrogen is crazy expensive.
MORE BAD NEWS ! -
From another board:
Texas Hydrogen Station Infrastructure Gets Boost From Biden Administration - H2 News
$ Millions in Federal Funding will support will support the use of medium and heavy duty H2 trucks.
As many as 5 stations will be built across Texas with the use of $70 Million in Federal Funding.
5 Stations ; $70 million ; $14+ million per station OUCH !
Banger -
It looks as if coolant/refrigerant has been delivered and the cool-down and purging process has begun at the Georgia plant.
As you know from your LNG experience, This process usually takes 30-60 days, so the Georgia plant could be making liquid hydrogen very soon. At least partially.
If there is no liquid in the next 45 days, this will signal that there is an issue(s) with their liquification process.
Oh, happy day.
ecmoney - Me too. But PLUG was never really worth $75 / share and most of those gains were pure HYPE.
The trend since $75 has been negative, and now PLUG needs government help to stay alive. Very Sad.
More Tax Loss Selling !
Getting an early start for 2024 !
Hey Roberto, How hard is it to send a drone up and post some aerial photos of the Georgia plant?
Unless there's something you don't want us to see ?
Fred - No - The Company is buying back the same shares they sold you at the IPO.
They sold High and they are buying back LOW. Just like me.
Fred - A Share Buy-Back is called Short Covering !
This is exactly what I do. Sell High ... "Buy-Back" LOW !
Not the sign of a Healthy Company
WTM - MORE BAD NEWS !
When the CFO BAILS ... So should YOU !
https://seekingalpha.com/news/4054670-heliogen-cfo-sagar-kurada-to-step-down-from-post-interim-cfo-announced?v=1705067677#comment-96953444