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The other 10m was from last week when they canceled the series D
https://www.sec.gov/Archives/edgar/data/1093691/000110465917021852/a17-10995_18k.htm
Kiva was a private company.
It's not, fat cats get fatter and the little guys wonder what's goin on.
Good news? Hopefully the need for shady financing arrangements is behind PLUG now they they have a deep pocketed partner.
Value the market cap based on 265m shares (best math) and make your decisions accordingly.
If Amazon believes that PLUG, provides them with a competitive advantage, they will not hesitate to buy the company.
They bought Kiva in 2012 for 775m so no one else could compete with their agv's.
https://www.wsj.com/articles/SB10001424052702304724404577291903244796214
It's the unwinding of the series D financing that I was so unhappy about when announced.
If you check the address of Hudson Bay Capital, you will have your answer.
These are not new warrants but the series D deal costs the common guy 20m shares to the float and HBC got them for $25m.
Think perhaps they knew the co was negotiating with Amazon?
https://www.sec.gov/Archives/edgar/data/1093691/000110465916163273/0001104659-16-163273-index.htm
https://www.sec.gov/Archives/edgar/data/1093691/000139382517000043/0001393825-17-000043-index.htm
Not sure about that, this bill allows utilities to purchase and own up to 10mw fuel cell power.
After looking a little closer, I may be premature in calling the legislation a done deal. I'm not well versed in the process but at a minimum it is progressing without objection.
https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB07036&which_year=2017
That is correct.
Middleton should be sued and fired for telling the world that they would redeem the series D on December 30 and then converting at least 70% on April 6. Hudson Bay capital just picked up 9.5 mil shares at $1.35ish. They are one of the big winners here.
"The reason for this structure was to give us the ability to redeem, rather than convert, the preferred stock."
http://www.plugpower.com/2016/12/financing-101-how-we-turned-30-million-into-50-million/
Amazon just agreed to buy 12% of the company at ~ $40m which places the value at $335ish m. There will be at least 265 m shares in the float when its all said and done.
Lmao - nice call!
Yeah, I know!
Price to book at .68 is crazy!
Take a position one way or the other Jack, commentary from non stakeholders is worthless to me.
BOARD MEETING DATE: April 7, 2017 AGENDA NO. 4 PROPOSAL:
Recognize Revenue and Execute Contracts to Demonstrate Zero and Near-Zero Emission Drayage Trucks and Cargo Handling Equipment
Proposal
This action is to recognize, upon receipt, up to $10,000,000 from CEC and execute contracts for the following projects. The projects described below are based on the applicants’ proposals and specifications may change as the designs are finalized.
Clean Energy
Clean Energy is the leading provider of natural gas for transportation in North America, both in number of stations and gallons sold per year with nearly two decades of experience in developing and implementing natural gas fueling solutions for high volume fleet customers. Clean Energy, in partnership with Cummins Westport Inc. (CWI), a leading developer of spark-ignited automotive natural gas engines for commercial transportation applications, will repower 20 Class 8 drayage trucks with the CWI pre-commercial near-zero natural gas engines that are capable of meeting the optional 0.02 grams per brake horsepower per hour (g/bhp-hr) NOx standard, for demonstration in real-world service throughout the Basin. The CWI near-zero engine reduces emissions well below current standards while providing comparable performance to the diesel baseline technology, with both NOx and ROG at 90% below the standards. In addition, with renewable natural gas to be provided by Clean Energy, the near-zero engines are expected to achieve as much as 80% in GHG reductions as well.
The proposed drayage truck repower project by Clean Energy will provide opportunities for fleets to test the CWI near-zero engine in their own operations to prove its reliability and performance. Successful demonstration will lead to widespread adoption of the near-zero emission natural gas trucks by fleets, providing significant reductions in NOx and other criteria pollutant emissions from drayage trucking operations. In addition, utilization of renewable natural gas in this project will achieve considerable benefits in GHG reductions as well.
http://www.aqmd.gov/docs/default-source/Agendas/Governing-Board/2017/2017-apr7-004.pdf?sfvrsn=4
DEALS, DEALS, DEALS, everywhere I look I see DEALS!!
BOARD MEETING DATE: April 7, 2017 AGENDA NO. 4 PROPOSAL:
Recognize Revenue and Execute Contracts to Demonstrate Zero and Near-Zero Emission Drayage Trucks and Cargo Handling Equipment
Proposal
This action is to recognize, upon receipt, up to $10,000,000 from CEC and execute contracts for the following projects. The projects described below are based on the applicants’ proposals and specifications may change as the designs are finalized.
Clean Energy
Clean Energy is the leading provider of natural gas for transportation in North America, both in number of stations and gallons sold per year with nearly two decades of experience in developing and implementing natural gas fueling solutions for high volume fleet customers. Clean Energy, in partnership with Cummins Westport Inc. (CWI), a leading developer of spark-ignited automotive natural gas engines for commercial transportation applications, will repower 20 Class 8 drayage trucks with the CWI pre-commercial near-zero natural gas engines that are capable of meeting the optional 0.02 grams per brake horsepower per hour (g/bhp-hr) NOx standard, for demonstration in real-world service throughout the Basin. The CWI near-zero engine reduces emissions well below current standards while providing comparable performance to the diesel baseline technology, with both NOx and ROG at 90% below the standards. In addition, with renewable natural gas to be provided by Clean Energy, the near-zero engines are expected to achieve as much as 80% in GHG reductions as well.
The proposed drayage truck repower project by Clean Energy will provide opportunities for fleets to test the CWI near-zero engine in their own operations to prove its reliability and performance. Successful demonstration will lead to widespread adoption of the near-zero emission natural gas trucks by fleets, providing significant reductions in NOx and other criteria pollutant emissions from drayage trucking operations. In addition, utilization of renewable natural gas in this project will achieve considerable benefits in GHG reductions as well.
http://www.aqmd.gov/docs/default-source/Agendas/Governing-Board/2017/2017-apr7-004.pdf?sfvrsn=4
http://www.fleetsandfuels.com/fuels/ngvs/2017/03/ttsi-testing-low-nox-version-of-isx12-g/
Jack imo, if you weren't shorting stocks on an uptrend, you just might be able to get yourself one of these class 8 NGV's.
http://www.cpbj.com/apps/pbcs.dll/article?AID=/20170330/CPBJ01/170329777/shipley-energy-opens-york-countys-first-public-cng-station&template=mobileart
Added a few this morning on the 50DMA breach.
Yes, I noticed that, and also noted the Ryder logo.
The 400k is referencing a California ARB estimate for California only and that's a lot of trucks jack!
"CARB has estimated that ultra-clean GNG engine is technologically and economically feasible to deploy nearly 400,000 heavy-duty natural gas trucks by 2030."
https://www.trucks.com/2017/03/23/los-angeles-cummins-low-emissions-natural-gas-engine/
Just in case you need more weekend reading material.
https://www.arb.ca.gov/research/apr/past/13-307.pdf
Significant comments posted to ports of LA and Long Beach Clean Air Action Plan. Recommended reading -Clean Energy Fuels, Westport, and UCLA study. All the comments are interesting and I fully anticipate plan revisions to include Near Zero and RNG technologies adoption.
More than 14,000 trucks per day move through these ports and they are a high priority opportunity for CLNE/WPRT
http://www.cleanairactionplan.org/documents/clean-air-action-plan-comments-feb-22-2017.pdf
Add tens of thousands in Ca due to these new regs.
Near zero with RNG heavily endorsed by CARB
http://www.aqmd.gov/home/library/public-information/2017-news-archives/clean-air-blueprint-for-southland-adopted-by-carb
TTSI, Cummins Westport Begin Operating Nat-Gas Trucks at Calif. Ports
"CWI says it anticipates a large demand for this heavy-duty alternative fuel truck engine"
http://ngtnews.com/ttsi-cummins-westport-begin-operating-nat-gas-trucks-at-calif-ports
TTSI, Cummins Westport Begin Operating Nat-Gas Trucks at Calif. Ports
"CWI says it anticipates a large demand for this heavy-duty alternative fuel truck engine"
http://ngtnews.com/ttsi-cummins-westport-begin-operating-nat-gas-trucks-at-calif-ports
Add 19 more CE fueled busses with CWI engines to the mix. ~ 6.5 million miles driven every year for the next 15 years.
https://bctransit.com/kamloops/news/article?nid=1403647355119
You are correct in your thinking. Fewer stations in 2017 but an increase in vehicle acquisitions vs 2016. Infrastructure is nearing build out and now they are adding transport equipment.
They built 11 new stations in 2015 and 12 in 2016 per 2015 sustainability report (page 91)
In 2015, they added 800 ng tractor trailers and nearly 600 cng package cars.
In 2016, they "planned" to add 380 cng tractors. (Page 88)
https://sustainability.ups.com/media/ups-pdf-interactive/UPS_2015_CSR.pdf
Current installations in South Korea,
http://eng.poscoenergy.com/eng/renew/_service/business/battery/install.asp
Add the 20MW facility just commissioned, brings the current total to over 170MW. All will need replacement modules every 7 years or so along with any new business.
http://www.nasdaq.com/press-release/fuelcell-energy-joins-partner-posco-energy-for-dedication-of-another-multimegawatt-fuel-cell-park-20170320-00508
Doesn't take much capital to receive licensing fees and royalties from POSCO.
The "module procurement" agreement will lead to direct product sales to POSCO.
Nothing but good news in the latest agreement.
The Company receives license fees and royalty income from POSCO Energy as a result of manufacturing and technology transfer agreements entered into in 2007, 2009 and 2012. The Cell Technology Transfer Agreement we entered into on October 31, 2012 provides POSCO Energy with a technology license to manufacture SureSource power plants in South Korea and the exclusive market access to sell power plants throughout Asia.
https://www.sec.gov/Archives/edgar/data/886128/000088612817000012/fcel-2017131x10q.htm
Amended agreement here
https://www.sec.gov/Archives/edgar/data/886128/000088612817000014/form8-k3x21x2017.htm
UPS has committed to 90% of full year 2016 NGV spending in the first quarter of 2017.
The CWI near zero engine will dominate the NGV market which is growing exponentially.
LACMTA will not ignore the economic realities of California clean air mandates.
Worth the long read!
https://media.metro.net/board/Items/2016/09_september/20160914atvcitem4.pdf
I don't own the stock dipshit.
First time i've seen AGV mentioned.
AGV = Amazon
http://www.plugpower.com/2017/03/the-genfuel-hub-and-spoke-model-expanding-the-fuel-cell-market-through-hydrogen-solutions/?platform=hootsuite
UPS Invests More Than $90 Million In Natural Gas Vehicles And Infrastructure
https://pressroom.ups.com/pressroom/ContentDetailsViewer.page?ConceptType=PressReleases&id=1489579573572-162
Littlefair prepping the company for the big buyout! Long and strong!
Can't get my shares for $5 today!
http://investors.cleanenergyfuels.com/secfiling.cfm?filingid=1193125-17-78792&CIK=1368265
Potential game-changing tech: carbon capture
http://corporate.exxonmobil.com/en/current-issues/climate-policy/climate-perspectives/energy-developing-new-technologies-to-reduce-ghg