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Banger - Not Andy's initial projection. Just use his latest Projection from last month.
As CEO, I am sure Andy has his finger on the pulse and can accurately estimate earnings (After all he already has 3 Quarters of data and results) !
C'mon, a good CEO can't miss !
Banger - Here is an easy way to determine PLUG's Misses.
Take Andy's Guidance for 2023; then add Q's 1-3. Subtract that total from Andy's guidance and this will give you what the Q-4 number needs to be in order to meet Andy's guidance.
If the Q-4 number is a MISS, then the 10-K 2023 number will also be a MISS.
NO GOOD NEWS !
Say Hello to 2024 !
- Q-4 Earnings MISS
- 10-K Earnings MISS
- More DEBT & DILUTION
- NO New Management
- Georgia ????
I LOVE PLUG !
NO GOOD NEWS !
Say farewell to 2023 ...
- NO IRA
- NO DOE Money
- NO Georgia
- NO Profitability
- NO Change in Management
-NO Goals Met
I LOVE PLUG !
GEORGIA 2024 !
If the Georgia Team had anything to do with the creation of the Earth ... We would still be in Darkness !
"Let there be light ".
Mira - You can always count on my "reliability".
Banger - So if I don't use caps , then it's okay to post old news that everyone already knows. An important distinction?
And why do you think you can write or interpret the rules ?
And are you saying that your 70% is NOT REAL ?
Speaking of NO NEWS ...
Is Georgia FULLY OPERATIONAL yet ?
Banger - How come you don't call out WTM when he does the same thing? ... Repeatedly.
BTW - Did you find a source for PLUG reducing their hydrogen costs by 70% ?
MORE BAD NEWS !
From another PLUG Board :
Did you know ?:
Q3 2021 Plug sold approx $68mill of Fuel Cell systems and no Electrolyzers
Q3 2023 Plug sold approx $38mill of Fuel Cell systems and $27mill Electrolyzers.... $65mill total
Q3 2021 Plug had approx $4.3bill of cash and near cash
Q3 2023 Plug had approx $550mill of cash and near cash
Please have a Safe and Happy New Year.
If the Georgia Team had anything to do with the creation of the Earth ...
We would still be in Darkness !
"Let there be light ".
B_B -THIS IS GREAT NEWS FOR BLOOM !
And part of a 500 MW deal with SK.!
And PLUG announces a 1 MW deal.... meh!
PLUG Short Interest Doubles in 2023 to 29.37% Short Interest.
Increasing short interest is usually a Negative indicator.
PLUG SHORT INTEREST 158.44M shares on (12/15/23)
PERCENT OF FLOAT SHORTED : 29.37%
Uh Oh.
I thought we were in bed with SK ?
PLUG announces a 1 MW deal!
Bloom announces a 500 MW deal .... with SK!
SK is a PLUG shareholder!!!! And they do a 500 MW Mega Deal with Bloom ? Why are PLUGGERs cheering a1 MW deal ?
Very Troubling !
I think PLUG's PR was a deflection / buffer for the Bloom News.
https://seekingalpha.com/news/4050801-bloom-energy-and-sk-ecoplant-to-collaborate-on-a-major-hydrogen-project?mailingid=33822884&messageid=2900&serial=33822884.3547&utm_campaign=rta-stock-news&utm_content=link-3&utm_medium=email&utm_source=seeking_alpha&utm_term=33822884.3547
B_B - This all sounds very (prohibitively) expensive.
- Electrolyzer(s)
- High Pressure Compressors
- High Pressure Storage Tanks
- Wind Turbines if possible (not all existing sites are in viable wind zones)
- Solar PV's (again, not all existing sites are viable solar zones)
Not every Fulfilment/Distribution Center will be making these investments because of the costs / economics.
Uh Oh.
I thought we were in bed with SK ?
https://seekingalpha.com/news/4050801-bloom-energy-and-sk-ecoplant-to-collaborate-on-a-major-hydrogen-project?mailingid=33822884&messageid=2900&serial=33822884.3547&utm_campaign=rta-stock-news&utm_content=link-3&utm_medium=email&utm_source=seeking_alpha&utm_term=33822884.3547
GEORGIA !
In 2024 ! LOL
I wonder if today's Lame PR is meant to buffer and distract us away from NO NEWS on the full startup of the Georgia Plant ?
WTM - That post is Wishing Thinking and nothing more.
Negative ? Me? ... Negative ? Not always.
But please let me know if I ever post anything in error or inaccurate.
It's not hard to be negative when a stock has fallen more than 95%.
Netprf - Nice ... But not enough to help the share price or reverse the trend.
Banger - Do you have a credible source for your claim of a 70% reduction in the cost of Hydrogen for PLUG?
I hope it isn't Andy or PLUG. They are NOT Credible sources.
And do you think we will have a Debt/Dilution event before the Q-4 earnings?
Unless there is a positive catalyst soon, Q-4 earnings will be a serious downer.
I am so glad l got out of PLUG when I did and shorted when I did.
More BAD News !
https://seekingalpha.com/article/4659454-plug-power-business-looking-unviable?source=copy_to_clipboard
WTM - Do you really believe that :
- Georgia not coming fully online in 2023 won't be a hit on the share price ?
- No DOE Loan ?
- The final / strict 45v rules ?
- The Debt / Dilution Capital raise ?
- The major MISS for the Q-4 ?
- The major MISS for 2023 10-Q ?
- The major Restructuring ?
- The Asset Sales ?
I don't think any of these is fully priced in yet.
The market tide is lifting all ships.
More BAD NEWS !
Bloomberg has another story on 45v behind the pay wall.
Very strict and not positive for PLUG.
Bloomberg broke the leaked draft last week and are all over the 45v story.
More BAD NEWS !
Here's an interesting article:
https://seekingalpha.com/article/4658974-can-plug-power-turn-the-corner?source=copy_to_clipboard
Steve - The problems were ALL OF THE ABOVE. A total fubar.
But the root cause is management and management's inability to execute.
PLUG are total neophytes in bulk hydrogen and Georgia is killing any hope of selling any projects outside of PLUG.
Steve - Not just on this board, but anyone.
Did you hear the analysts gaffaw at the analysts event in Georgia when Andy was talking revenues and when the plant would be fully operational?
My favorite is, "I can drive from coast to coast in a hydrogen vehicle..."
Stew - Completely different technologies and applications.
Apples and Oranges
Mira - Sticks and stones
A simple honest update from PLUG could eliminate much of the confusion.
Skeptics like me, who only see construction workers and no plant employees, assume the plant is not operational.
And do you know why I am skeptical?
It's difficult not to be skeptical when watching PLUG.
Banger - Did you notice that the Muster Stations were for the construction company and were not for the PLUG workforce ?
Would a plant that was close to operational and close to fully staffed, have PLUG signage for their muster areas ?
I don't see this as a very good sign ... Pun intended.
Signed,
Ethan Grinch
WTM - Unfortunately none of the photos show the truck loading area.
This would have been helpful to see if any liquid carriers were being loaded.
This would have answered many questions.
Then again, a simple update would do the same.
Thank you B_B - But we don't know if PLUG has or is currently producing liquid hydrogen, do we ?
At the moment we don't know if any hydrogen is being produced in any color.
This systemic lack of transparency has always been an issue.
I would rather the company have given us regular updates, instead of bragging about "Fully Operational " in record time.
I do want PLUG to take their time especially where safety is concerned.
OF - We have already established that PLUG has made gaseous hydrogen at Georgia weeks ago, no one is disputing that. And no one is being disingenuous or misleading about that.
We are discussing WHEN the Georgia will be Fully Operational, as we have been told repeatedly by Andy.
15 TPD of GREEN, LIQUID HYDROGEN.
Based on the photos from Stocktwits, it doesn't look like the Georgia will be Fully Operational any time soon.
The Bank of America Hydrogen Conference on December 18 & 19 will include presentations by Plug Power.
Mira - There are several current photos of the Georgia Hydrogen facility posted on Stockwits.
From these photos I can see progress, but it difficult to see how this plant will be fully operational in just two weeks.