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EVEN MORE BAD NEWS !
When it rains it pours !
https://seekingalpha.com/news/4044060-plug-power-cut-to-sell-equivalent-at-morgan-stanley-on-weak-hydrogen-economics?mailingid=33605751&messageid=2900&serial=33605751.5427&utm_campaign=rta-stock-news&utm_content=link-3&utm_medium=email&utm_source=seeking_alpha&utm_term=33605751.5427
Here is an Interesting Read :
https://seekingalpha.com/article/4656367-plug-power-stock-going-concern-warning-policy-risks?mailingid=33603945&messageid=2800&serial=33603945.20076&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=33603945.20076
A terrible article apologizing for an earlier terrible article.
Pump & Dump ?
Going Concern ?
Tax Loss Selling?
Profit Taking ?
Lousy Fundamentals ?
More BAD News?
ALL of the Above !
Mac - Isn't that what I said ?
MORE BAD NEWS !
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.
WTM - Do you try to cover my posts with nonsense on purpose ?
Do you hope that they get bored wading through your tripe and don't reach my analysis?
Steve - How many times have you heard, PLUG is a PUMP & DUMP ?
Why is anyone surprised ? Lot's of Froth and Hype of very little real news, and BANG, a head fake followed by the DUMP.
Some of you may recall this phrase : Every PLUG Rally has faded within days. Short interest continues to increase because shorts are selling into into Every Rally !
Banger - I don't trust your memory. Electrolyzer sales outside the US are NOT 70%.
However, if these rules go into effect as drafted, 100% of Electrolyzer sales could be outside the US.
WTM - Banger - The bigger Negative is all of the Electrolyzers that won't be ordered under these new rules.
This is at least a double hit to PLUG and this could be the bigger negative, since the $3.00 tax credits were probably going to the hydrogen customers.
B_B - These draft rules look like a Negative Catalyst for PLUG and not the big windfall people were expecting.
Classic PLUG.
cabel - Not to worry. In about an hour there will be at least 5 positive posts.
None mentioning PLUG, but no one seems to care.
WTM - BMW has more than 10 BEV in production and on sale NOW.
BMW has been producing hydrogen prototypes and pilots for decades, but still ZERO FCEV vehicle production or sales.
And NO Mention of HYZN, because HYZN and nothing to do with BMW on-road hydrogen vehicles.
WTM - BMW has more than 10 BEV in production and on sale NOW.
BMW has been producing hydrogen prototypes and pilots for decades, but still ZERO FCEV vehicle production or sales.
And NO Mention of PLUG, because PLUG only supplies material handling support to BMW ; and PLUG has nothing to do with BMW on-road hydrogen vehicles.
Mac - Not me, but my wallet is. Luckily, I don't have much of a position left in PLUG, since it is so close to the end of the year. Some of my trades and positions take a while to unwind, and it's best not to wait until the last minute with less than 20 trading days remaining.
A 65% drop in one year was more than I expected, and I am not complaining. One good / bad week out of 52 is still a good batting average for me.
I do still have a cheap option position open, in case something happens between now and Feb. 1, and I will be watching how the rest of December goes.
Kudos to the Long-Suffering Longs. You deserve a little reprieve.
WTM - Mira proves that he is wrong without my help.
WTM - Did you read what I said ?
"When is the last time Motley said anything positive ?"
The article is just another example !
Another Interesting Read :
When is the last time Motley said anything positive ?
https://www.fool.com/investing/2023/12/01/3-struggling-stocks-that-could-rise-more-than-50/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article
An Interesting Read :
https://seekingalpha.com/article/4655391-nikola-corporation-disastrous-quarter-and-outlook-sell?mailingid=33547792&messageid=2800&serial=33547792.4657&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=33547792.4657
Hydrogen newcomers like Nikola and PLUG are struggling.
"Green hydrogen is being touted as a solution to help decarbonize industries and support countries as they become energy independent.
But high production costs and limited infrastructure have been hampering the commercialization of green hydrogen at scale.
What supportive policy frameworks and financial innovations are available to help deploy the technology more broadly?"
Banger - Everything you have posted "might happen" would mean that PLUG is meeting or exceeding expectations.
You have been here long enough to know that PLUG has NEVER met or exceeded market expectations .
I am merely letting everyone know how PLUG will NOT be meeting market expectations in Q-4 and the 2023 annual numbers ... AGAIN !
December 1 !
NO Georgia ! NO Tennessee !
NO major deals.
Q-4 is looking pretty ugly.
NO. mira. I have way too many conflicts of interest with other clients to be a Board member of PLUG.
And I don't think they would like hearing my valid criticisms. I am sure it would be very awkward for a Board member to ask what the Risk Adjusted Rate of Capital Employed and ROI are on a Green Hydrogen plant in Georgia is, before the company starts spending money.
I suspect, no one in the Company or on the Board knows the answer, even today.
And I would have asked for Paul's resignation long ago. But he's as good as you can find in a One-Horse, Backwater like Latham, I guess.
Thank you, Bloom Energy ... Again !
May we ride on your coattails ?
WTM - Why am I not surprised.
B_B - I wish you wouldn't clutter this board with banal, vapid nonsense.
But thank you for explaining PLUG's rise to $75. I always wondered why PLUG Spiked.
B_B - A Santa Claus Rally ? Good numbers out of Washington, Good news from GM, ... But nothing good from PLUG ?
External catalysts are nice, but I am more impressed with a company's actual catalysts, which have mostly been NEGATIVE lately. Q-3 ER. "Going Concern".
We all need to be ready for an ugly Q-4 ER. December and NO Tennessee and NO Georgia ?
Without a major positive catalyst, PLUG's down trend will continue , and every rally will fade within days.
runner - The number of Hydrogen stations in North America has DROPPED by more than half !
Less than 80 hydrogen stations in North America, and most with limited hours of operation.
Other than tethered vehicles, I don't see the future of Hydrogen Trucking happening anytime soon.
B_B & Mojo - This has NOTHING to do with PLUG ! Why do you post totally unnecessary nonsense?
Mojo is right. If we got rid of the unrelated posts we might actually have a meaningful board.
B_B - It will be interesting to see who might buy RR's electric aviation business or if they list it.
"News" from 2017 ? Ya got anything from this Decade ?
The Amazon news was priced in years ago. But thank you for the History lesson.
Charlie Munger - RIP !
Penny - Is it ? Without some serious news or other confirmation, this is just another PUMP & DUMP.
Without news, this PLUG Rally will fade in a matter of days to new LOWS just like all of the others.
And besides, without news this is the Wrong Month for a PLUG Rally.
Banger - No one is close to PLUG Percentage-wise.
Without meaningful news, this rally is just Another PUMP & DUMP !
Is there a Leak ? Are friends getting a pre-PR preview ?
A New CEO ? Georgia making Liquid Hydrogen ? DOE handout ?
THE BIG MISS !
There are just 25 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.
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 - Yet another Nothing Burger !
B_B - It's nice to see a well managed company in the hydrogen sector that is able to execute.
Too bad PLUG does not fit that profile.
Steve - I think it means that PLUG's trend is still DOWN, and without a major positive catalyst, PLUG will continue a downward slide.
Good news about hydrogen production or from the Government might be enough to stop the bleeding. But I think this news might not be here in 2023.
But without good news, Tax Loss Selling could take PLUG into the $2.00's. I recall in past years of always being surprised at the intensity of PLUG selling in December.
pack - It has been a while. I'm glad to see you still guessing.
You said buy CVX a month ago ? I'm glad I shorted you advice.
You may want to look for a buy signal in December or January though.
How'd you do with your WORSTPORT and CLNE bets ?