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B_B - I think Linde, Air Products and Air Liquide are all bigger hydrogen companies compared to PLUG.
And they can even make Liquid Hydrogen.
YES ! , jammy. I think a BAD Third Quarter could cost PLUG shareholders $1-$2 per share !
And then Tax Loss Selling !
PLUG could see $3.00's by Year End.
This may be why short interest continues to grow.
Is anyone else concerned about PLUG's next Quarterly Report ? I am.
The delay in Green Hydrogen production (I really thought we would have at least a quarter's worth of revenue in Green Hydrogen by now.)
The carrying costs for the idle inventory
The lack of major deals in any sector
All of those deals done years ago which were supposed to be generating revenues and profits, but aren't.
Does anyone else think this Q could be very negative?
B_B - No Guarantees that PLUG will get this Loan .
And since August 8th look at what has happened to PLUG's market cap. I couldn't loan PLUG a penny at the moment, it looks like SOLYNDRA.
And what happened to the DOE Loan to Solyndra?
WTM - I am sure that shorting adds downward pressure on the share price, but that should be effectively negated by the BUYERS.
Shorts vs Longs essentially neutralize each other.
If this is the case, then why does PLUG continue to fall? Well the Nasdaq overall has fallen and all ships fall with the tide; but that is an external factor outside of the control of PLUG. So what then is the real, internal reason why PLUG FALLS ?
Management ! The CEO dumping his shares. The massive secondary/dilution shortly thereafter . And the Accounting Fiasco. Those three Major Negative Catalysts, essentially cut the legs out from under PLUG, critically injured PLUG's credibility, and started the downtrend which remains strong even today.
Lately it has been Georgia, and who actually knows what is really going on there. Then there is next week's earnings which could cost shareholders as much as $1-2 per share when we see the financials. If PLUG pulls another stunt like last Q, look out below.
So shorts are basically betting that the share price will fall. In PLUG's case that is a very safe bet, and at least 25% of the open interest is betting that way.
Again a pretty safe bet, for the remainder of 2023.
WTM - How does shorting a stock directly affect company going bankrupt ?
An Interesting Read : Especially for next week's ER.
https://www.tipranks.com/news/article/j-p-morgan-rates-plug-power-stock-a-buy-but-is-it-a-safe-bet-for-investors
jammy - you live a rich and rewarding life.
Since you have been posting and pumping here, PLUG has FALLEN from $19 to $6.00.
We all appreciate your deep insights and analysis of PLUG.
mac - You don't need to be defensive.
Just as many other posters do here, I am merely posting random hydrogen news that has nothing to do with PLUG.
Billion-dollar Backlogs Get Bigger for Linde, Air Liquide
Healthy backlogs are expected to help maintain growth for both Linde and Air Liquide as each look to take on more hydrogen projects in the U.S.
B_B - No mention of PLUG.
Mira - As you so graciously pointed out, I stand corrected:
Hydrogen is Easy !!! ?
According to PLUG's Symposium , "Hydrogen is Easy".
Shell Cutting their hydrogen group.
Georgia plant still not fully operational
BE Crashes
HYZN Crashes
FCEL Crashes
Ballard Crashes
New 52 Week Lows for most Fuel Cell Players
What about Hydrogen is Easy ?
mira - Why so Snarky ?
Siemens Energy shares slide 39% after company seeks state guarantees
Reuters
October 26, 2023
https://www.reuters.com/business/energy/siemens-energy-seeking-billions-euros-state-guarantees-wiwo-2023-10-26/
Banger - PLUG FCEL and HYZN are next.
The tide is quickly going out and it's easy to see whose wearing trunks.
Trouble at BE will affect PLUG.
https://www.bizjournals.com/sanjose/news/2023/10/25/bloom-lays-off-97-workers-in-fremont-sunnyvale.html?utm_source=sy&utm_medium=nsyp&utm_campaign=yh&yptr=yahoo
Bloom Energy Corp. has cut 95 workers across two of its facilities, one each in Sunnyvale and Fremont. The San Jose company planned to let go the affected wor...
Today will be ugly.
Earnings will be uglier.
https://www.bizjournals.com/sanjose/news/2023/10/25/bloom-lays-off-97-workers-in-fremont-sunnyvale.html?utm_source=sy&utm_medium=nsyp&utm_campaign=yh&yptr=yahoo
Bloom Energy Corp. has cut 95 workers across two of its facilities, one each in Sunnyvale and Fremont. The San Jose company planned to let go the affected wor...
Very Interesting
B_B - WOW ! A New Short Interest HIGH going into Earnings !
This is NOT a good sign. 139 million shares shorted.
WTM - Exxon Green Washing :
https://www.ispot.tv/ad/ovGn/exxon-mobil-algae-potential
https://www.bloomberg.com/news/articles/2023-02-10/exxon-retreats-from-major-climate-effort-to-make-biofuels-from-algae#xj4y7vzkg
https://www.euractiv.com/section/public-affairs/news/exxon-s-algae-biofuel-ad-banned-over-misleading-claims/
https://gimletmedia.com/shows/howtosaveaplanet/xjhz7z6
Exxon spent more on advertising than they did on the Projects.
mira - I don't want to stop PLUG. I am just pointing out all of the things that need fixing.
Some of these things, if not fixed soon, WILL stop PLUG.
WTM - Exxon is Green washing. In the past 10 years Exxon has spent more on advertising the green projects they are in than on the project themselves.
Remember a couple of Superbowls ago Exxon's green ads for gasoline from algae?
How many Exxon stations have algae sourced gasoline?
Repost from another board:
Does anyone Remember GSE's ? Have we done any big GSE deals lately ?
Does anyone remember Cellular Tower backup power ? Have we done any big Cellular Tower deals lately ?
Drones ... Did we buy a Drone Company ? Have we done any big Drone Deals lately ?
Data Centers ... Have we done a bunch of Data Centers ? Primary Power or Back up ?
Does anyone remember Frames ? Have we done any big Frame deals lately ?
Airplanes, Ships, busses , trucks, Fedex Last Mile Vans ?
B_B - That is a bit of a stretch. NextEra is a power generation company more than 90% of their business is Power Generation and distribution. Renewables are just one part of NextEra. And NextEra makes a PROFIT.
NextEra has zero hydrogen, but is co developing projects with Hydrogen Industry Leader LINDE.
I would never relate NextEra with PLUG. One is a huge success, PLUG is about to be slaughtered.
B_B - Great company. One of my holdings, but wrong Board?
jammy - Is this my fault or Yours ?
B_B - Do you have the latest Short Interest numbers?
128,000 Short?
Why does Short Interest continue to grow? And so soon after the Symposium.
Weakening support.
B_B - Our horizons differ. I was thinking more like December / January.
And a buyout in 2024.
B_B - Will PLUG be a buyer or a seller ?
If PLUG goes to $2.00's , who do you think would move into buy PLUG?
From another Board :
Monday brings pain....and it will just continue from there...for h2 industry to move forward this company needs to go away...Plug put itself out there as the leader of the h2 industry and its incompetence arguably sets the industry back years...from accounting issues, insider selling, missed deadlines, mismanaged balance sheet, missed targets, the company and its management need to go quietly.
Q3 is going to bring a $170 million revenue miss....370 vs 197 already announced...do you have the courage to keep buying? Or is it just being cavalier?
Regardless, the short side owns the stock and the beat down will continue.
Steve - You may be disappointed ... Again !
Last week we had the Symposium and the HUB news, but PLUG crashed ... on "good" news. How do you crash on good news?
Now we have the Q coming (which is NOT looking good at all). So $5.00's are probably a reality before year end.
I also believe that the DOE's funds are in serious jeopardy, as PLUG has fallen nearly 50% since that evaluation was made. DOE still remembers Solyndra, and PLUG looks more like Solyndra every day. Losing this promised DOE funding pushes PLUG to the $3.00's.
I don't expect any IRA guidance until 2024, and the Georgia plant is a year behind schedule, and I am very concerned with their one-off liquification technology. Will serial # 1, even work at all?
Add to all of this, Tax Loss Selling, which is a certainty, and We can easily see another 50% Drop in the PLUG Share price, even with good news.
As some else has reported, "We may see $3.00 before we see $10.00.
jammy - I only post the truth, and they know it.
And now the Bad News !
If there isn't a Major Positive Catalyst soon, PLUG could easily FALL Another 50% by year end.
Almost every Long is in the RED , and are already looking at their portfolios and deciding what dead wood to cull.
At a NEGATIVE 85% , PLUG has to be high on any disciplined investor's Cull List.
"Sell PLUG, Take the Tax Loss, and reinvest in a company with a bright future a solid management (this is NOT PLUG !)
WTM - Thank you. Same to you.
Steve - I share your dream for a cleaner planet (I am an environmentalist) , But we aren't going to get there with PLUG under Andy, Paul, Sanjay, Jose et al.
The longer these guys are running things, the poorer the odds that PLUG can SURVIVE.
Contrary to both of you, I feel investing in PLUG is actually diverting $$$ which should be going to our mutual goals.
MULAG, Drones, GSE's, and many more, all diverted monies that could have helped the planet.
And why are we trying to reinvent the Liquidation (Wheel) in Georgia ? Everyone else can make liquid gases (sic) on time and on budget, but NOT PLUG.
And do you know why ? Andy, Paul, Sanjay, Jose et al, are a bunch of neophytes in way over their heads.
Steve - It is very difficult for me to say anything good or nice about PLUG.
NEW 52 Week Lows !
jammy - Why ?
Because you are losing money ?
Because I am right and you are WRONG ?
Because I post the ugly truths ?
Because my analytics can accurately estimate PLUG's key metrics
Can you please demonstrate how your posts on this board add more to the overall information than mine?
Who Said, "PUMP & DUMP" ?
Who Said, "Every PLUG Rally FADES within Days"?
I thought the Mega-Symposium was going to give us a bigger bump, but it was another PLUG Nothing Burger.
The HUB news was also less than expected.
Now , The Long Delayed DOE Loan is in serious jeopardy with PLUG's enterprise value in Free-Fall. And as Steve and Henrik have observed, PLUG has begun to put their vital organs up for sale, further jeopardizing future cash flows and margins.
Now add to all of this NO Georgia and a LOUSY Q in November, and we WILL see EPIC Tax Loss Selling until the end of 2023.
PLUG has from now until Thanksgiving to fix itself, but I don't think PLUG has the management horsepower to do so.
WTM - This is the deal that cost us $25 million in Fines ?
What a great business decision ! Negative ROI.
Steve - I don't think your MISERY will end in 2023. There WILL be Tax Loss Selling, we just don't know to what degree.
Ten Percent at least. And I really think that PLUG selling assets is going to bite us just like the Amazon and Walmart deals have.
Who Said, "PUMP & DUMP" ?
Who Said, "Every PLUG Rally FADES within Days"?
Seriously, you have got to mitigate your downside exposure.
I thought the Mega-Symposium was going to give us a bigger bump, but it was another PLUG Nothing Burger. The HUB news was also less than expected.
Now The Long Delayed DOE Loan is in serious jeopardy with PLUG's enterprise value in Free-Fall. And as Steve and Henrik have observed, PLUG has begun to put their vital organs up for sale, further jeopardizing future cash flows and margins.
Now add to all of this NO GEORGIA and a LOUSY Q in November, and we WILL see EPIC Tax Loss Selling until the end of 2023.
PLUG has from now until Thanksgiving to fix itself, but I don't think PLUG has the management horsepower to do so.
mira - How and why is that an obsession ?
A couple of posts per day, is hardly an obsession compared to so many other posters.
WTM and B_B come to mind.