Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
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
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
WTM - It looks like I was right again
WTM - It looks like I was right about HYZN too.
WTM - looks like I was right here too.
WTM - According to Andy and Paul we don't need any help from the Government to be profitable ! Right ?( LIES !)
So we have nothing to worry about!
BUT ... Without 45v, there are a lot of orders which will be cancelled !
WTM - Thank you.
Your stock just went up.
WTM - I can't blame the government for PLUG's failings.
I blame PLUG.
- Incompetent Management
- Failed Business Model
- Inability to Execute
- Poor Capital Management
- Etc., Etc.,
WTM - "JB, how much lower can share price go?"
Let's all find out together . Certainly to New Multi-Year LOWS, as support has completely disappeared and the Downward Trend line continues because "Hydrogen is Easy ".
It will take a major positive catalyst , like Andy leaving and a Real CEO being hired to reverse this Trend.
I am beginning to believe that the announcement of Georgia becoming Fully Operational, will cause a spike, but will not be enough to reverse this Trend.
I have an options position on in case there is a headline related spike, but overall the trend is my friend.
PLUG is killing this sector Today !
WTM - True. PLUG is dragging down the entire sector !
But in this sector only PLUG got a DOWNGRADE today.
Only PLUG needs to raise $1.0+ BILLION ASAP !
And only PLUG is having an annual update .
And what usually happens to PLUG's share price when Andy addresses the Public ?
NEW MULTI-YEAR LOWS ?
What comes first ?
Toxic Finance or NEW MULTI-YEAR LOWS ?
Just in time for the January Update .
WTM - I don't see a DOE Loan happening in time.
I think we will see a "Plan B" first, just after the January Update.
Plan B will look more Toxic than a DOE Loan.
WTM - Nice cover. PLUG is looking more like Solyndra every day.
A loan before the January update would be optimal, but I don't see that happening.
Banger - I don't have any worries about the Olin Plant. It was built and run for years by Jim Beard, one of the best plant operators in the business. Most of the staff at the Olin plant were trained by Jim and his legacy and culture of excellence continues. PLUG could learn much from Olin (but they won't !).
Note that the Olin plant is not Green Hydrogen.
Also I doubt that the plant in Bruges will help PLUG with their hydrogen supply issues in the US. TN and GA are STILL NOT Fully Operational !
And I don't think we will see hydrogen prices "tumble" anytime soon. PLUG and everyone else have stopped their new planned hydrogen production projects until the 45v Final Rules come out .... Probably AFTER the 2024 elections.
This pushes all of those plants into 2026 before they are producing ... at the earliest.
MORE BAD NEWS !
We knew this could happen.
First the Downgrade and now this :
https://finance.yahoo.com/news/plug-power-inc-nasdaq-plug-103200577.html
YES ! ANDY LIES !
But I can't believe I am saying this; But in PLUG's defense, it is better to wait until the rules are FINAL before starting a new plant, so that you can better optimize for the new rules. You may not need the 45v ( a lie) , but better to take best advantage of the rules if you haven't even begun the plant.
For TN and GA we were already too pregnant.
PLUG has stated that they are only working on the Tennessee and Georgia hydrogen plants. All other hydrogen plants are on hold until the Final Rules are known; so at least 8-9 months the earliest. Most in industry are saying Final Rules won't be ready until AFTER the November elections.
Even just these two plants are putting a financial strain on PLUG.
Gee, I hope they don't delay TN and GA until the Final Rules are ready. This would mean yet another year's delay.
B_B & Banger - MORE BAD NEWS !
The 2023 numbers are in, and now Paul is trying to move some numbers around for optics, so the January update and 10-K don't look SO BAD !
At the January business update, I think Andy is going to have to revise his estimates for 2023 AND 2024. And I am beginning to wonder if they might be sitting on some News about Tennessee and Georgia until then.
Q-4 (2023) is going to be a disaster, with record losses.
And contrary to what Paul says, PLUG won't be "turning on / fully operational" Texas until 2026 the earliest, and ONLY IF PLUG can raise $1.0 + Billion ASAP. Without a major capital raise, Texas, NY and California are all in doubt.
PLUG has already proven several times that they don't know what it takes to make a working hydrogen plant to scale or how long it takes, but it won't be happening in 2025.
What was the tag line for the Mega - Symposium ? "Hydrogen is Easy !"
TAX LOSS SELLING ! LOL.
Or more likely; the DOWNWARD trend continues
WTM - And Boeing Doors Fall Off.
Can you try to posting something anything that relates to PLUG ?
WTM - PLUG has lots of customers who are valid / legit companies.
This doesn't make PLUG a real company.
WTM - Bosch is a Real Hydrogen Company. Good Find.
B_B - Does this mean you are changing your position and forecast for 2024 ?
"Doesn’t matter, in 2024 hydrogen will be implemented everywhere.
The battle for oil market share has already begun. The oil price will collapse and all announced oil mergers will be canceled."
B_B - I hope you are right. I'm long some excellent Hydrogen plays.
But in the US with Hub funding not being distributed until Q-4 24 or 2025 and IRA / 45v not happening for at least 8 - 9 months, you may be a bit early for your predictions.
If people are waiting for the 45v final rules to place their orders or build their facilities, those decisions are 9 months away, leaving just one Quarter left in 2024.
Although your guesstimate would be nice, I don't share your optimism until 2025 the earliest.
WTM - Ditto. I haven't seen you do that very often, but keep trying .... And I shall do the same.
Let's begin with PLUG's share price. You have been pumping since ... when ?
And I have been warning interested parties of PLUG's failings since CEO Marsh dumped his shares at $65.
WTM - Thank you . Here are a couple more videos.
Note: Most Hydrogen tanks are stationary. We already know that these tanks don't do as well when a vehicle backs into one.
https://thedriven.io/2023/07/21/explosions-were-heard-hydrogen-bus-destroyed-by-fire-while-refuelling/
https://www.google.com/search?sca_esv=595462505&tbm=vid&sxsrf=AM9HkKnRfq965OzEpTPoRfKZ3SvRH0IvMw:1704319981657&q=Hydrogen+tank+explosion+car&sa=X&ved=2ahUKEwjB8NvYnsKDAxX9t4QIHZ4xC-0Q1QJ6BAgJEAE&biw=1536&bih=710&dpr=1.25#fpstate=ive&vld=cid:5acdd2fa,vid:aMKvfK2KM34,st:0
B_B - What a great idea ! No need to pressurize Hydrogen to 10,000 PSI !
Now every Hydrogen car only needs a Zeppelin in tow. What could go wrong?
So a NOTHING BURGER after all.
NOT A GAME CHANGER !
NO MENTION OF HYZN.
Only a few Amazon facilities have direct access to renewable / UNSTABLE power.
This supply must be augmented with voltage stabilization (an huge added cost). Think Elon Musk's BIG Expensive Batteries.
So "FREE Solar Power " isn't so free or green or renewable after all.
So NOT 100% Green. So NOT 100% Free. So Limited applications.
These sound more like the Real World issues Microsoft experienced.
The good news : Amazon will have to replace their PLUG Electrolyzer equipment more frequently .
The BAD NEWS : I am certain that Amazon will have warrantees which cover these replacements at PLUG's cost.
So a NOTHING BURGER after all.
Thanks tdtcal.
Only a few Amazon facilities have direct access to renewable / UNSTABLE power.
This supply must be augmented with voltage stabilization (an huge added cost). Think Elon Musk's BIG Expensive Batteries.
So "FREE Solar Power " isn't so free or green or renewable after all.
So NOT 100% Green. So NOT 100% Free. So Limited applications.
These sound more like the Real World issues Microsoft experienced.
The good news : Amazon will have to replace their PLUG Electrolyzer equipment more frequently .
The BAD NEWS : I am certain that Amazon will have warrantees which cover these replacements at PLUG's cost.
Banger -
1.) Cycling a PEM will shorten its life span by 50%.
2.) Can a PEM be dialed back ? Or does it run fulll on and full off.
3.) The Microsoft trials demonstrated that the concept works (no surprise), but the economics didn't.
4.) Is the Amazon Deal actually a trial as well? Since PLUG omits most of the key metrics from their PR, we do not know until after the fact.
5.) Only a small number of Amazon sites have on-site renewable energy.
6.) It will be quite interesting to see if we will ever learn how much solar is free? how much green power costs when it isn't free?, and how much of the time (percentage) is the power not green.
I buy 100% green power from my provider, but I know that it isn't always 100% green. Accountants figure it out at the end of the day.
Banger - is there free surplus solar power for Amazon 24/7 ?
What do they use at night ? Cloudy days?
What happens if you continually cycle an electrolyzer instead of running it steadily.
As for the article, you might want to ask the author for his recommendations. I try not to recommend stocks.
But for me , when I Dumped my PLUG shares I went long on JM and Linde because, WTM, I like hydrogen. I also like Chevron's hydrogen strategy much more than PLUG's.
I like hydrogen, but I don't like risk or poor management.
NOTHING BURGER : Amazon's Hydrogen-Powered Logistics with Plug Power
Amazon is calling this a pilot project. The cost of Hydrogen will be the deal killer.
Here is an Interesting Read:
https://www.fool.com/investing/2024/01/06/while-i-wont-touch-plug-power-stock-heres-an-emerg/