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.
Woodside to buy OCI Global’s ‘blue’ ammonia project for $2.3bn
Australian group’s quick second deal for US assets comes as Nassef Sawiris continues with OCI break-up plan
Ivan Levingston and Arash Massoudi in London and Myles McCormick in Houston 1 hour ago
...
The deal means Woodside will expand its investment in ammonia, a compound used in fertilisers that has gained prominence in recent years as a way of transporting and storing hydrogen. This has been pitched as a way to decarbonise sectors such as trucking and shipping.
...
https://www.ft.com/content/f5c38b8f-574d-4a32-9511-8e8e355faec4
DURING ANY THIRTY (30) CONSECUTIVE TRADIND DAY PERIOD EQUALS OR EXCEEDS $7.50 PRIOR TO APRIL 30
The share price must be at least $7.50 on half March, at the latest.
Total 186 trading days left till April 30, 2025.
Trading Days:
August 20
September 20 (closed on September 2)
October 23
November 20 (closed on November 28)
December 21 (closed on December 25)
January 21 (closed on January 1 & 20)
February 19 (closed on February 17)
March 21
April 21 (closed on April 18)
Dean C. Fullerton
provided, however, that 500,000 shares underlying such options will vest only if the daily volume weighted average price of the Company’s common stock during any thirty (30) consecutive trading day period equals or exceeds $7.50 prior to April 30, 2025.
August 02, 2024 Form 4 Statement of Changes in Beneficial Ownership
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001093691/ec9cccd6-2acb-48e3-afe0-4c849a464757.pdf
Marsh Andrew
(1) Awarded pursuant to Plug Power Inc.'s 2021 Stock Option and Incentive Plan, as amended.
(2) The shares underlying this stock option shall vest in three equal annual installments following the grant date, subject to the Reporting Person's continued service on each such vesting date; provided, however, that 750,000 shares underlying such option shall vest only if the daily volume weighted average price of the Company's common stock during any 30 consecutive trading day period ("VWAP") equals or exceeds $7.50 prior to April 30, 2025.
April 30, 2024 Form 4 Statement of Changes in Beneficial Ownership
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001093691/ebb17bf6-e3e7-4a96-8f94-5ac63e875d48.pdf
Cinemark’s earnings top estimates with boost from success of ‘Inside Out 2’
Stock jumps about 4% early Friday
By Ciara Linnane Aug. 2, 2024
Cinemark Holdings Inc.’s stock rose 3.9% early Friday, after the cinema operator posted second-quarter earnings that beat expectations as cinemagoers flocked to movies including the record-setting “Inside Out 2.”
The Plano, Texas-based company had net income of $45.8 million, or 32 cents a share, for the quarter, down from $119.1 million, or 80 cents a share, in the year-earlier period. Revenue fell 22.1% to $734.2 million from $942.3 million a year ago.
...
https://www.marketwatch.com/story/cinemarks-q2-earnings-top-estimates-with-boost-from-success-of-inside-out-2-be6946ac
Today, “bad news is bad news”, but I think a disappointing Jobs Data tomorrow will increase the chances for a rate cut. Tomorrow, “bad news is good news”.
If the Jobs Data tomorrow does not disappoint, then today’s sell-off was overdone.
The Jobs Data tomorrow is a win-win.
Stock market news today: Stocks slide after weak economic data as 10-year yield falls below 4%
Karen Friar Thu, Aug 1, 2024
…
The latest ISM data out on Thursday showed the US manufacturing sector sank further into contraction territory during July. Other releases showed jobless claims rose to an 11-month high last week and construction spending unexpectedly declined in June.
…
https://finance.yahoo.com/news/stock-market-news-today-stocks-slide-after-weak-economic-data-as-10-year-yield-falls-below-4-133022024.html
Friday August 02 2024 08:30 AM
Non Farm Payrolls
https://tradingeconomics.com/united-states/calendar
Today, “bad news is bad news”, but I think a disappointing Jobs Data tomorrow will increase the chances for a rate cut. Tomorrow, “bad news is good news”.
If the Jobs Data tomorrow does not disappoint, then today’s sell-off was overdone.
The Jobs Data tomorrow is a win-win.
Stock market news today: Stocks slide after weak economic data as 10-year yield falls below 4%
Karen Friar Thu, Aug 1, 2024
…
The latest ISM data out on Thursday showed the US manufacturing sector sank further into contraction territory during July. Other releases showed jobless claims rose to an 11-month high last week and construction spending unexpectedly declined in June.
…
https://finance.yahoo.com/news/stock-market-news-today-stocks-slide-after-weak-economic-data-as-10-year-yield-falls-below-4-133022024.html
Friday August 02 2024 08:30 AM
Non Farm Payrolls
https://tradingeconomics.com/united-states/calendar
Amazon will report its Q2 2024 financial results on August 1 at 2:30 p.m. PT/5:30 p.m. ET.
Amazon will report its Q2 2024 financial results on August 1 at 2:30 p.m. PT/5:30 p.m. ET.
AMC will report its Q2 2024 financial results after the market closes on Friday August 2, 2024.
Will the Dutch subsidy accelerates Uniper’s hydrogen plant in the Netherlands using Plug powers electrolyzers.
EU gives green light to €1bn Dutch green hydrogen subsidy scheme
At least 200MW of new electrolyser capacity will be supported in an auction to be held this year
Polly Martin 29 July 2024
The European Commission has today given state-aid approval for a €998m ($1.08bn) subsidy auction scheme put forward by the Dutch government, which seeks to support at least 200MW of new green hydrogen production capacity.
The Dutch government will provide grants worth up to 80% of the upfront investment cost of projects, as well as “a variable premium over a period of 5 to 10 years” in the hope of lowering the cost of producing renewable H2 to a price that offtakers are willing to pay.
These grants will be allocated on the basis of a competitive auction, which will be run this year and be open to projects with at least 0.5MW of electrolyser capacity.
…
https://www.hydrogeninsight.com/policy/eu-gives-green-light-to-1bn-dutch-green-hydrogen-subsidy-scheme/2-1-1684243
Vienna to replace electric buses with hydrogen hybrids from next year
Transit agency Wiener Linien plans to reduce the number of buses operating on formerly electric-only routes due to the new vehicles' extended range
Polly Martin 30 July 2024
The city of Vienna has announced plans to replace its 12 battery-electric buses run on two of its “electric-only” routes with hydrogen hybrid models by mid-2025.
The Austrian capital’s transit agency, Wiener Linien, has bought ten buses from Italian manufacturer Rampini, which use both a 170kWh battery and a fuel cell to extend the vehicle’s range.
Based on this extended range, which Wiener Linien implies would allow the buses to operate without the need for recharging during service, the transit agency has reduced the number of buses in the fleet for its 2A and 3A lines.
…
https://www.hydrogeninsight.com/transport/vienna-to-replace-electric-buses-with-hydrogen-hybrids-from-next-year/2-1-1684280
Amazon is coming for Netflix at lightning speed.
I think an acquisition of AMC will be the death blow to Netflix.
Amazon Hammers Netflix With Low Ad Prices
Douglas A. McIntyre Published: July 30, 2024
- Amazon.com Inc. (NASDAQ: AMZN) reportedly has started undercutting Netflix Inc. (NASDAQ: NFLX) ad rates to gain market share.
- Because of its revenue from other sources, Amazon does not have to make much money on Prime Video for now.
…
https://247wallst.com/media/2024/07/30/amazon-hammers-netflix-with-low-ad-prices/
Amazon Prime Video undercuts rival Netflix on advertising prices
July 30, 2024
…
Chief executive Andy Jassy believes Prime Video can be "a large and profitable business on its own."
…
https://www.ft.com/content/d45c4153-6c11-4f1e-9009-62f8adf5ac2b
Amazon MGM Studios Taps Former Netflix Film Chief Scott Stuber to Revive United Artists
By Brent Lang Jul 26, 2024
Amazon MGM Studios has entered into a multi-year film partnership with Scott Stuber, the former head of film at Netflix. As part of the pact, the streamer and studio will finance and release movies from Stuber’s new production company under United Artists, a languishing label that once operated under the auspice of MGM.
…
The agreement calls for Stuber and his soon-to-be launched company to produce several films annually. They will be released both theatrically and via Prime Video, Amazon’s streaming service.
…
Stuber left Netflix in January with Dan Lin, the producer of “The Lego Movie” and “Sherlock Holmes,” replacing him as the head of film as the streamer changed course in an attempt to rein in costs and concentrate on more populist fare.
…
https://variety.com/2024/film/news/amazon-mgm-studios-netflix-film-chief-scott-stuber-united-artists-1236086388/
Amazon Prime Video is getting a new look — and it's designed for indecisive users
Prime Video joins Disney+ and Netflix in updating the user experience on their platforms
By Bruce Gil July 24, 2024
…
The new features include an updated navigation bar and more personalized recommendations powered by generative AI.
…
The update comes after Netflix said in its second quarterly earning report last week that it’s testing a new TV homepage design that would be more intuitive and increase the visibility of titles, synopses, genres, and ratings.
…
https://qz.com/amazon-prime-video-update-ai-1851603416
I think Amazon wants to secure fuel cell stationary power systems and green hydrogen for AWS.
Plug Power will be forced to prioritize AWS over Azure.
Amazon's AWS Growth Expected To Outpace Microsoft Azure, Analyst Optimistic
By Anusuya Lahiri July 31, 2024
https://www.benzinga.com/news/24/07/40076014/amazons-aws-growth-expected-to-outpace-microsoft-azure-analyst-optimistic
2024 Cloud Market Share Analysis: Decoding Industry Leaders and Trends
January 11, 2024
…
Amazon Web Services (AWS) maintains the highest market share at 32%, followed by Microsoft Azure (23%) and Google Cloud (10%)
…
https://www.hava.io/blog/2024-cloud-market-share-analysis-decoding-industry-leaders-and-trends
I don’t think it was Dean’s idea to change jobs. It’s more likely that Amazon sent him to Plug.
Is Dean Fullerton’s appointment a sign that Amazon will attempt a takeover through the back door or is Amazon sending him to make sure Plug can deliver the hydrogen by 2025?
In the past, Linde also sent someone to fix the problems at ITM Power. Linde is ITM’s biggest investor.
Harry Dempsey in Sheffield and Laurence Fletcher in London
MARCH 5 2023
...
The new boss of ITM Power has vowed to turn round the UK hydrogen start-up, overhaul a culture of “overconfidence” and regain the trust of investors and customers after the company became London’s most shorted stock. Dennis Schulz, who arrived at ITM in December from the engineering arm of Linde, its biggest investor
…
The hydrogen mania has gone into reverse and ITM is now London’s most shorted stock, according to markets data site ADVFN, as inflation, supply chain issues and higher interest rates bite. Renaud Saleur, a former trader at Soros Fund Management who now heads Anaconda Invest, is among the hedge funds shorting ITM, saying it has an “insane valuation”.
“The only danger in shorting it would be a full takeover by Linde,” he added.
Schulz, however, said his appointment was not a sign that Linde would attempt a takeover through the back door.
...
https://www.ft.com/content/a68c9a0d-1968-4e95-9c92-39d42a86d443
Amazon's Dean Fullerton joined Plug Symposium 2022 to discuss the growth of hydrogen and fuel cells in the Amazon organization - in material handling and plans for expansion into other parts of the organization including onroad and stationary power.
26 okt 2022
Is someone trying to bankrupt Keith Gill?
By suppressing the shares of Chewy and GME, Gill's leveraged investments will be destroyed.
The negative trend of GME shares has negatively impacted AMC.
Progress in the hydrogen hubs suggests that the hydrogen tax credit rules will be less restrictive and will be introduced soon.
Appalachian hydrogen hub receives first $30m in federal US funding
West Virginia’s primarily blue H2 hub is the third of seven to receive an initial tranche of public funds
Polly Martin 1 August 2024
The Appalachian Regional Clean Hydrogen Hub (ARCH2) has become the third federally funded cluster in the US to be launched, with an initial $30m of funding announced yesterday (Wednesday).
ARCH2 is mainly based in the state of West Virginia, the second-largest natural gas producer in the US. As such, the hub is primarily centred around blue hydrogen production, although it also includes at least two green H2 projects.
…
https://www.hydrogeninsight.com/policy/appalachian-hydrogen-hub-receives-first-30m-in-federal-us-funding/2-1-1685453
Treasury’s 45V Regulation Risks Killing US Hydrogen In The Cradle
David Blackmon Feb 25, 2024
…
One such planned hub, the ARCH-2 Hydrogen Hub, would be located in West Virginia, home of powerful US Senator Joe Manchin, who served as the deciding vote to pass the IRA into law, and who played a role in writing the 45V language.
…
Many other proposed hydrogen hubs would use a similar method involving natural gas as the feedstock.
…
https://www.forbes.com/sites/davidblackmon/2024/02/25/treasurys-45v-regulation-risks-killing-us-hydrogen-in-the-cradle/
ARCH2 Project Development Partners include … Plug Power.
Agreement Reached to Build Appalachian Regional Clean Hydrogen Hub (ARCH2)
Business Wire Thu, Aug 1, 2024
…
ARCH2 was awarded $30 million for Phase 1, which is expected to last up to 36 months, starting in July 2024. The remaining portions of the allocated federal dollars will be unlocked in future phases as the hub successfully reaches specific milestones set by the DOE.
…
ARCH2 Project Development Partners include Air Liquide, CNX Resources Corp., Enbridge Gas Ohio, Empire Diversified Energy, EQT Corp., Fidelis New Energy, Hog Lick Aggregates, Hope Gas Inc., Independence Hydrogen Inc., KeyState, and Plug Power.
...
https://finance.yahoo.com/news/agreement-reached-build-appalachian-regional-223800401.html
“I am excited to join Plug Power and contribute to the growth and development of its green hydrogen ecosystem,” said Fullerton. “This is a pivotal moment for the company and the industry, and I am committed to driving strategic operational excellence in every aspect of our business.”
Amazon Veteran Dean Fullerton Takes the Helm at Plug Power as COO
August 1, 2024 By Angie Bergenson
https://www.hydrogenfuelnews.com/amazon-dean-fullerton-plug-power/8566096/?utm_content=cmp-true
Sanjay Shrestha saw electrolyzers as the next big thing, so he pushed out Ole and stole his job as General Manager of Electrolyzers.
Plug Power Inc. Announces Resignation of Dirk Ole Hoefelmann as Executive Vice President
April 04, 2023
On April 1, 2023, Plug Power Inc. (the “Company”) and Dirk Ole Hoefelmann mutually agreed that Mr. Hoefelmann would resign as General Manager, Electrolyzers and Executive Vice President of the Company effective immediately to pursue other interests. Mr. Hoefelmann's resignation was not the result of a disagreement with the Company on any matter relating to the Company's operations, policies or practices. Sanjay K. Shrestha, the General Manager, Energy Solutions, Chief Strategy Officer, and Executive Vice President of the Company, in addition to his current responsibilities, will take over the responsibilities of Mr. Hoefelmann.
…
https://www.marketscreener.com/quote/stock/PLUG-POWER-INC-10490/news/Plug-Power-Inc-Announces-Resignation-of-Dirk-Ole-Hoefelmann-as-Executive-Vice-President-43432261/
DEAN FULLERTON WORK
• 2020 - now Vice President, Global Engineering Services @ Amazon
• 2017 - 2020 Vice President, North America, Engineering Services @ Amazon
• 2010 - 2016 Director, North America, Operations Engineering @ Amazon
• 2008 - 2010 Sr. Director, Engineering and Maintenance @ Gap Inc.
• 2000 - 2008 Principal and Director, Operations @ Tompkins Solutions
• 1986 - 2000 Industrial Engineering Manager @ UPS
DEAN FULLERTON EDUCATION
• University of Redlands
MBA (Masters of Business Administration)
1998 - 2000
• San Diego State University
BS (Business Management)
1989 - 1992
DEAN FULLERTON SKILLS
• Operations Management
• Supply Chain Management
• Management
https://rocketreach.co/dean-fullerton-email_3852340
An acquisition of AMC will make Amazon the first vertically integrated film studio with their own movie theater chain since 1948.
The elimination of the Paramount Consent Decrees in 2020 made it possible for film studios to own movie theaters again.
Amazon reportedly interested in buying AMC Entertainment
By Reuters
Published March 28, 2023
https://nypost.com/2023/03/28/amazon-reportedly-interested-in-buying-amc-entertainment/
AMC Theatres’ Stock Soars on Amazon Acquisition Speculation
By Brent Lang May 11, 2020
https://variety.com/2020/film/news/amc-entertainment-amazon-acquisition-stock-1234603290/
The Elimination of the Paramount Consent Decrees and What It Represents for the Film Industry
Posted on Mar 25, 2020 Jordan Lieberman
In November 2019, the Department of Justice (DOJ) filed a motion in federal court to unwind 70-year-old consent decrees entered in the aftermath of the Supreme Court’s decision in United States v. Paramount Pictures, Inc.[1] The decrees ensured that the major studios divested from the movie theaters they owned and refrained from other anti-competitive practices common within the industry.[2] According to Makan Delrahim, the head of the DOJ’s Antitrust Division, the decrees were antiquated and therefore “no longer serve the public interest . . . and no longer meet consumer interests.”[3] This announcement provides us the opportunity to reflect on the origins of the decrees, what they meant for the film industry, and what they say about the competitive landscape of the modern entertainment industry.
...
https://journals.library.columbia.edu/index.php/CBLR/announcement/view/293
Vertical integration of the Hollywood film industry Vertical integration was a key feature of the Hollywood studio system up to 1948.
"The Big Five," major studios realized they could maximize their profits by controlling each stage of a film's life:
• production (making the film),
• distribution (getting the film out to people),
• exhibition (owning first-run cinemas in major cities).
…
The end of Hollywood's Golden Age In 1948 the studios were ordered to give up their cinemas, opening the market to smaller producers.
https://hbkportal.co.uk/wp-content/uploads/2019/12/VerticalintegrationoftheHollywoodfilmindustry2013.pdf
The Paramount case and the resulting decrees significantly altered the structure of the motion picture industry. First, the Supreme Court ordered and the decrees mandate a separation between film distribution and exhibition by requiring the five defendants that then owned movie theatres to divest either their distribution operations or their theatres.
See United States v. Paramount, 334 U.S. 131 (1948). Subsequently, each of the defendants entered into a consent decree with the Department (collectively, “the Paramount Decrees”).
https://www.justice.gov/atr/paramount-decree-review
Are PEM electrolyzers the preferred choice over Alkaline alternatives?
PEM electrolyzer manufacturer: Siemens, ITM Power
Alkaline electrolyzer manufacturer: Thyssenkrupp Nucera
German manufacturer issues note to the market that it does not expect to maintain current sales pace for the coming year
Germany’s Thyssenkrupp Nucera may be one of the most lauded electrolyser companies in Europe
Polly Martin 29 July 2024
https://www.hydrogeninsight.com/electrolysers/we-continue-to-see-strong-sales-in-electrolysers-but-problems-persist-with-the-green-hydrogen-market-thyssenkrupp-nucera/2-1-1684028
ITM Power to Supply Technology for Shell’s Green Hydrogen Project
Jul 25, 2024
https://www.tipranks.com/news/company-announcements/itm-power-to-supply-technology-for-shells-green-hydrogen-project
Siemens Energy AG - Siemens Energy wins contract for large-scale hydrogen project from German utility EWE
Jul 26, 2024
https://energycentral.com/news/siemens-energy-ag-siemens-energy-wins-contract-large-scale-hydrogen-project-german-utility-ewe
I have 3 followers here 😂
The Next Rotation
Disappointing earnings from Dow Jones companies will drive the next rotation out of the Dow into the Small Caps.
The Next Rotation
Disappointing earnings from Dow Jones companies will drive the next rotation out of the Dow into the Small Caps.
AMC Entertainment Posts Its Highest Weekend Attendance and Admissions Revenue of 2024 – In the U.S. and Globally – And Its Highest Weekend for Food & Beverage Revenue in the U.S. Since 2019
Business Wire Mon, Jul 29, 2024
More than 6 million moviegoers watched a movie at AMC Theatres locations in the U.S., and ODEON Cinemas locations throughout the world, Thursday through Sunday
AMC’s attendance was driven by an industry-wide record setting performance from DEADPOOL & WOLVERINE, which also set multiple domestic AMC records for a rated-R movie on opening weekend, including the highest opening weekend attendance & highest opening weekend admissions revenue for a rated-R movie in AMC history
This also was AMC’s best weekend for food and beverage revenue in the United States since 2019, due in part to record-setting sales at AMC’s in-theatre MacGuffins bars
AMC’s DEADPOOL & WOLVERINE popcorn buckets and drink toppers flew off the shelves, selling out during the weekend – DEADPOOL & WOLVERINE tops DESPICABLE ME 4 as AMC’s highest revenue movie merchandise program of the year and second highest in AMC company history (behind only the merchandise program for the TAYLOR SWIFT | THE ERAS TOUR concert film)
…
https://finance.yahoo.com/news/amc-entertainment-posts-highest-weekend-121500710.html
In the Stock Market Olympics, Small-Caps Are in Full Sprint
Paul Hoffman Jul 28, 2024
Story Highlights
Small-cap stocks have traditionally outperformed larger competitors, this decade they fell so far below, that they may now be the favorite sector for the foreseeable future, especially if the law of averages plays out.
...
There seems to be a lot of value in smaller stocks that were ignored while large and mega-caps stole the show. Nicholas Galluccio, portfolio manager at Teton Westwood, observed, “This breakout only tells me that finally you’re gonna get some rational investors back in the markets.”
...
Historical Performance and Future Outlook
Small-cap stocks have a history of outperforming large-cap stocks, as demonstrated by the Fama French 3-factor model; the well-known model demonstrates that since 1927, small caps have outperformed large caps by an average of two percentage points annually. However, the past decade has been uglier for small caps, with the “Magnificent Seven” tech stocks dominating the spotlight.
Mike Rode of American Century Investments noted, “It’s been a tough run for small caps. You’ve seen the ‘Magnificent Seven’ kind of suck up all the air out of the room.” Despite this, Rode and Galluccio anticipate a cyclical outperformance for small caps over the next 12 to 24 months, with Galluccio even predicting that this trend could last up to three years.
...
https://www.tipranks.com/news/in-the-stock-market-olympics-small-caps-are-in-full-sprint#google_vignette
ANALYSIS | With FIDs taken on three major green hydrogen projects last week, is the European sector finally taking off?
Well, it certainly seems that way — and here’s why
Leigh Collins Published 11 minutes ago
https://www.hydrogeninsight.com/analysis/analysis-with-fids-taken-on-three-major-green-hydrogen-projects-last-week-is-the-european-sector-finally-taking-off-/2-1-1683651
malicious short selling
"Short and distort" is a type of securities fraud in which investors short sell a stock and then spread negative rumors about the company in an attempt to drive down stock prices.
The Department of Justice said Left, the founder of Citron Research, “exploited his ability to move stock prices” using social media to amplify and exaggerate market reactions.
…
Separately, the SEC on Friday accused Left and his firm of running a $20 million scheme to defraud his social media followers by publishing false and misleading reports.
https://edition.cnn.com/2024/07/26/investing/andrew-left-citron-fraud-charge/index.html
Finally, the end of malicious short selling and Andrew Left (Citron Research).
US prosecutors charge prominent short-seller with fraud
By Allison Morrow Fri July 26, 2024
Federal prosecutors in California on Friday charged prominent investor Andrew Left with multiple counts of securities fraud involving “a long-running market manipulation scheme” yielding at least $16 million in profit.
The Department of Justice said Left, the founder of Citron Research, “exploited his ability to move stock prices” using social media to amplify and exaggerate market reactions.
…
Left, 54, was charged with one count of engaging in a securities fraud scheme, 17 counts of securities fraud, and one count of making false statements to federal investigators. Each securities fraud count carries a maximum prison sentence of 20 years.
Separately, the SEC on Friday accused Left and his firm of running a $20 million scheme to defraud his social media followers by publishing false and misleading reports.
…
https://edition.cnn.com/2024/07/26/investing/andrew-left-citron-fraud-charge/index.html
PCE in line with expectations, yields lower, small cap stocks will outperform again.
AMC will close above $5.50 today.
AMC Entertainment shares jump on preliminary Q2 results as moviegoers return to cinemas
Published 2024-07-25
Proactive Investors - AMC Entertainment Holdings (NYSE:AMC) shares added more than 7% after the cinema chain released better-than-expected preliminary financial results for the second quarter.
The company pre-announced Q2 revenue of $1.03 billion, in line with Street estimates and a loss per share of $0.10, ahead of the consensus of a loss per share of $0.48.
...
https://ca.investing.com/news/stock-market-news/amc-entertainment-shares-jump-on-preliminary-q2-results-as-moviegoers-return-to-cinemas-3516800
The volatility and extremely poor performance of the Nasdaq will force the Fed to be dovish next week. This will help small cap stocks even more.
Wed 7/31 2:00 p.m. FOMC Meeting
The volatility and extremely poor performance of the Nasdaq will force the Fed to be dovish next week. This will help small cap stocks even more.
Wed 7/31 2:00 p.m. FOMC Meeting
“I’ve got six months left of my presidency, and I’m determined to get as much done as I possibly can, both foreign policy and domestic policy,” he said, citing initiatives to curb gun violence, expand child care and elder care, lower the cost of prescription drugs and stem climate change.
Biden Returns to a Vastly Different Presidency With Six Months to Go
By Peter Baker July 23, 2024
https://www.nytimes.com/2024/07/23/us/politics/biden-address-nation.html
NASEO issues new resources to advise state energy offices on clean hydrogen
Published on July 25, 2024 by Dave Kovaleski
The National Association of State Energy Officials (NASEO) released two new publications on clean hydrogen for State and Territory Energy Offices.
These resources are part of a toolkit developed with input from the NASEO Clean Hydrogen State Working Group, with support from Breakthrough Energy.
The first publication is called the Clean Hydrogen Production Tax Credit: Overview and Implications. It provides State and Territory Energy Offices with a high-level overview of the proposed guidance for the clean hydrogen production tax credit (45V); implications for states and the private sector; and opportunities for state-level incentives that compliment or expand on the federal tax credit.
An understanding of the 45V tax credit and the different requirements it entails are important to support and move clean hydrogen policies, programs, projects, and planning efforts forward.
The second publication is called Engaging Stakeholders on Clean Hydrogen Efforts. It aims to guide State Energy Offices in planning for, implementing, and evaluating stakeholder engagement efforts surrounding clean hydrogen activities. It will do this by providing a framework, examples of successful strategies, and additional models and best practices to consult.
The tool intends to support states engaging stakeholders on a broad spectrum of clean hydrogen activities, including hydrogen roadmaps, policy and program development, and implementation of the Regional Clean Hydrogen Hubs.
https://dailyenergyinsider.com/news/44630-naseo-issues-new-resources-to-advise-state-energy-offices-on-clean-hydrogen/
Large-Scale ‘Clean Hydrogen’ Project Moves Forward in Germany
Jul 25, 2024
https://www.powermag.com/large-scale-clean-hydrogen-project-moves-forward-in-germany/
Shell takes final investment decision on 100MW German green hydrogen project to supply its own refinery
The oil major will install PEM electrolysers for start-up in 2027
Polly Martin 25 July 2024
https://www.hydrogeninsight.com/industrial/shell-takes-final-investment-decision-on-100mw-german-green-hydrogen-project-to-supply-its-own-refinery/2-1-1682841
Siemens Energy wins 280MW electrolysis plant contract from EWE
By Dominic Ellis on Jul 25, 2024
https://www.gasworld.com/story/siemens-energy-wins-280mw-electrolysis-plant-contract-from-ewe/2141810.article/
Shares Outstanding 821.3M
https://finance.yahoo.com/quote/PLUG/key-statistics/
The global hydrogen economy is finally taking off. It’s only a matter of time, before Plug Power succeeds.
INEOS and Daimler Truck kick off liquid hydrogen truck trials
By Edward Laity on Jul 25, 2024
INEOS Inovyn and Daimler Truck have begun customer trials using “Europe’s first” heavy-duty liquid hydrogen-powered truck.
Taking place over the next 12 months, the Mercedes-Benz GenH2 Trucks are expected to make around 250 deliveries supporting PVC customers across Germany. H2 View understands that the vehicles benefit from a range of more than 1,000km and they can carry the same payload as a conventional diesel vehicle.
…
https://www.h2-view.com/story/ineos-and-daimler-truck-kick-off-liquid-hydrogen-truck-trials/2112865.article/
Toyota Pilots Long Haul Hydrogen Trucks With Coca-Cola And Air Liquide
Gaurav Sharma Jul 25, 2024
Global automaker Toyota (TYO: 7203) has launched a pilot program for new hydrogen-fueled long haul trucks with zero tailpipe emissions in partnership with drinks giant Coca-Cola (NYSE: KO) and industrial fuels and technology specialist Air Liquide (EPA: AI).
…
https://www.forbes.com/sites/gauravsharma/2024/07/25/toyota-pilots-long-haul-hydrogen-trucks-with-coca-cola-and-air-liquide/
Nasdaq sells off for a second day as rotation out of tech continues, Russell 2000 rises: Live updates
UPDATED THU, JUL 25 2024
https://www.cnbc.com/2024/07/24/stock-market-today-live-updates.html