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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.
WTM - Stockwits
EVEN WORSE NEWS !
Take a look at the Progress as of TODAY at the Georgia Hydrogen Plant !
Yikes. There ain't no way that MESS will be Fully Operational in TWO WEEKS .
Not Even in TWO Months !
Who are these guys conning ?
But knowing Hydrogen, I would rather they take their time and do things right rather than rush !
I would NOT want to work in a Hydrogen Plant Serial Number ONE ! Built by Amateurs !
MORE BAD NEWS !
Georgia can still make Green Hydrogen, but it sounds like it may NOT qualify for the Tax Credits or rebates or other Gov't handouts.
The issue then becomes, If AMAZON is expecting to benefit from a $3.00 Tax Credit, will PLUG have to cover this as well ?
So No Big Deals in a while!
Did you see the Big Rivian Deal ?
Must be nice to have an investment give you a Mega Deal for the Holidays.
B_B - This is all Old News ! Stop cluttering this board with one-off deals which have come and gone.
Instead of posting, spend the time to see what happened to these trials.
The results are out there if you look.
B_B - NO , B_B ! The Microsoft Trial was just that , A One-Off TRIAL and NOTHING MORE !
And the Trial was scuttled by MicroSoft when it was determined that Hydrogen Fuel Cells were NOT Economic compared to other, better alternatives
B_B - The Microsoft Trial was just that , A TRIAL and NOTHING MORE !
And the Trial was scuttled when it was determined that Hydrogen Fuel Cells were NOT Economic compared to other, better alternatives.
Skipper - Every PLUG Rally fades within days to new lows.
The final 45v regs will more than wipeout any gains created by the FED.
B_B - Congratulations? So what?
Banger - This delay WILL cost PLUG. EPC's have been ramping up.
Does everyone remember the last earnings call, just one month ago ?
"We are projecting that our hydrogen needs and demands will grow by 40 tons by year's end. And that's why Texas is so important to us to bring that online"
Banger - Great information !
Kudos.
Meh .... Nothing Burger .
NOTHING BURGERS !
Steve , Banger, et al.,
And PLUG had better hurry to get their own production online ASAP.
PLUG may not be aware that Air Products will be taking much of their Hydrogen production off-line for scheduled maintenance ! This will spike hydrogen prices even HIGHER ... for Months !
Is this all a diabolical plan by the Hydrogen Majors to destroy an arrogant upstart ? Welcome to the Big Leagues, Andy.
Banger - It doesn't appear that Linde is hurt by not having Green H2 production.
And they are wise to have waited for the FINAL 45v Regs to be published, before investing millions.
Going forward LINDE will add Green Hydrogen Capacity when their financial models show a positive ROI, something PLUG ignored. And something REAL Companies do to be profitable.
And Linde already knows how to produce Liquid Hydrogen ... PROFITABLY !
Linde's price for hydrogen is variable depending on volume, distance tenner etc. And they can charge PLUG whatever they want; They have PLUG over a Barrel.
Steve - LINDE is currently a Grey Hydrogen company who can scale up green hydrogen production when needed, using their cash flow capital .
No need for Debt or Dilution like PLUG.
LINDE can afford to wait until the green H2 market will support the investment and not before.
PLUG on the other hand is building facilities that are negative cash flow and negative ROI.
This is why Linde is at All Time Highs and PLUG is close to multi-year LOWS !
Not having Green Hydrogen doesn't seem to be negatively affecting LINDE's Bottom Line.
NEW ALL TIME HIGHS !
Liquid Hydrogen Producer Hits NEW ALL TIME HIGHS !
LINDE hits $422 / Share pre-market.
A profitable hydrogen company !
Mac - I didn't say that either .
In fact I said you CAN'T use a propane tank. And even though propane tanks for home use have been in use for decades as you can attest, there's no commercially available hydrogen tank approved for residential use in the world.
And even though propane tanks have been around for decades, my video demonstrates they aren't perfect. I'm sure that in your corner of the world you see the occasional propane event as well.
Does anyone here own or drive a FCEV ?
Why not ?
Mac 1957 - Why is Hydrogen different ? How do you store Hydrogen ? Certainly NOT in a thin-walled Propane tank !
Producing, transporting and storing hydrogen is very difficult and expensive, VERY DIFFERENT than your Propane Tank. Add to that, there are no hydrogen storage tanks for vehicles approved for home use. How long will the testing and approval process take? GOOD LUCK.
Having TWO BOMBS at your home will do wonders for your insurance premiums, especially when they know that the hydrogen tank constantly leaks.
Please let us know when you get one of these for your $60,000 Toyota. I am really interested in your real world experience and ease of use.
BTW are you related to Mavi57?
B_B - Hydrogen in the homes ?
What can go Wrong ? Make sure to tell your insurance company that you have a Hydrogen BOMB in your garage.
I can already recharge my car in my garage! I'm already connected to the electric grid. We are ALL already connected to the electric grid.
Is there a Hydrogen Grid ?
It sounds like Toyota's "fix" is more likely a dream.
B_B - No mention of PLUG ?
A Nothing Burger !
B_B - Nice chart ! Can you see the Closing Share Price Trend Line ? It's a bit hard to see, but it shows a Very Steep Down -Trend !
From $75 DOWN to $4.00.
A BIG MISS !
The Fourth Quarter is not yet finished, and PLUG's Fourth Quarterly Report won't be out until February of 2024.
But we already know the Q-4 Results ! A BIG MISS !
No Major Deals ! NO Georgia ! NO Tennessee ! NO DOE $$$$ ! NO Tax Credits ! NO Bank Financing ! And many of these may continue well into 2024 !
Respectfully,
Ethan Grinch
velcro - I like your plan. I am afraid that selling the money-losing operations and businesses, although a great idea, may not bring us to profitability either. Nor remedy the "Going Concern" issues. But it will certainly help and it will certainly reinforce the need to FIRE the team who have been pushing this flawed concept.
It is clear that Ole Hoefelmann was NOT part of this team and he understands that PLUG's Business model is fatally flawed.
What Ole also knows is that PLUG can't make Green Liquid Hydrogen competitively and $15- $20 / kg hydrogen will kill the industry.
When the smartest person in the company Bails, that is a signal for shareholders to Bail as well. A Clear SELL Signal.
Respectfully,
Ethan Grinch
B_B - No Recession is not enough to make PLUG a sound investment.
Not going bankrupt does NOT make PLUG a good investment
"Going Concern" makes PLUG a Bad Investment.
THE BIG MISS !
There are less than 20 trading days left in 2023, so Andy and Paul ought to have a pretty good idea of how badly PLUG will miss the Q-4 and 2023 annual numbers.
No Georgia ! No Tennessee !
Will PLUG Senior Management be advising the PLUG Board on the latest estimates ? Will PLUG management be advising the Shareholders of these estimates / guidance?
Will PLUG's Board of Directors be asking for a new business plan for 2024 which addresses the obvious flaws in PLUG's efforts to date?
If the MISS is as BIG as I suspect it is, and if there is no comprehensive plan to right the ship, I also suspect that heads will roll. If not, then the Board is equally culpable.
In early 2024, I suspect there will be layoffs and other measures which might include, "exploring other strategic alternatives.".
B_B - No Mention of PLUG. 2 TPD ? Another Nothing Burger.
No Mention of PLUG ? Nothing Burger.
Steve - MORE BAD NEWS !
Many of the BIG / SMART Hydrogen Projects are on hold until the 45v measured are finalized.
As it looks now, PLUG's projects won't be able to take full advantage of IRS / PTC tax credits.
Based on the Leaked 45v Rules ... PLUG's Georgia plant is already plugged into the grid… therefore, under the leaked rules this plant would only qualify for $0.60 PTC vs the $3.00 PTC PLUG was hoping for. This is a Huge Negative.
Once the market digests this information and understands its impact on PLUG's business model and bottom line, more red will follow.
Yet Another PLUG RALLY Fades within Days !