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Banger - I thought hydrogen day is in August (10/8) ?
B_B - Your Best Case Scenario didn't last very long.
Will we go into the Super-Duper Symposium with NO Georgia; NO DOE $$$'s; NO HUBS ?
We will get killed if this happens. $3.00's?
Meh.
WTM - Not excitement.. Alarm and caution.
And I miss Chrispy. He made me look Smart(er).
Look out below !
The Best Case Scenario for PLUG is that Georgia is running at 100%; The DOE issues a loan ; The IRA regs are positive; and the HUBS are identified ALL BEFORE THE Super-Symposium.. Ideally the Day before.
All of this Hype and Froth could drive PLUG close to $20.
Worst Case Scenario : None of the above, in 45 days. Which would be perfect timing to ignite Tax Loss Selling.
This could drive PLUG to $5.00's.
I have seen the options reflect this play.
I agree, and $36 kg for hydrogen is a deal killer for me.
So is insurance, resale value, battery or fuel cell replacement costs, overall cost of ownership for what you get is not for me either.
I own a hybrid where the engine is actually the generator / range extender for the batteries, and I can refuel at any gas station. My onboard computer shows 90+% electric (green) usage, so it does reduce my carbon footprint.
Stop Gap Passes. This helps.
WTM - Painting the tape / End of month / End of Quarter.
Nothing to do with fundamentals , just market machinations
WTM - How many others errors / slips of the tongue are there about Fuel Cells?
The value of the report and your posts drops with every error.
WTM - A Space Shuttle went to the Moon ? WOW !
You learn something new everyday.
And because it's on the Internet, it must be true.
"
https://www.google.com/search?q=did+america+quit+when+the+germans+bombed+pearl+harbor&sca_esv=569714773&sxsrf=AM9HkKkpVxGxqd6aWl7hI3UxQl6WyVuCpw%3A1696082078810&source=hp&ei=nigYZZrHLq_MkPIPjrGogAU&iflsig=AO6bgOgAAAAAZRg2rrGh3ivGXCVBQgetRelTuRNPqRGW&ved=0ahUKEwiajsKOvtKBAxUvJkQIHY4YClAQ4dUDCBU&oq=did+america+quit+when+the+germans+bombed+pearl+harbor&gs_lp=Egdnd3Mtd2l6IjVkaWQgYW1lcmljYSBxdWl0IHdoZW4gdGhlIGdlcm1hbnMgYm9tYmVkIHBlYXJsIGhhcmJvckiV3wFQAFjixQFwAXgAkAECmAGcBaABzDOqAQ0xOS4yNy4wLjMuMC4xuAEMyAEA-AEBwgIHEC4YigUYJ8ICBxAjGIoFGCfCAgsQLhiKBRixAxiDAcICERAuGIAEGLEDGIMBGMcBGNEDwgILEC4YgAQYsQMYgwHCAgsQLhiABBjHARjRA8ICERAuGIoFGLEDGIMBGMcBGNEDwgILEAAYigUYsQMYgwHCAgUQABiABMICCBAAGIAEGLEDwgIFEC4YgATCAgsQABiABBixAxiDAcICBhAAGBYYHsICBRAhGKABwgIFECEYqwLCAggQIRgWGB4YHQ&sclient=gws-wiz#fpstate=ive&vld=cid:7ec1827d,vid:V8lT1o0sDwI,st:0
WTM - Do you own one ? Why not?
DOWN 10-X is NO joke!
WTM - True Zero is the largest hydrogen retailer in the USA, and sell hydrogen at more than half of the H-2 stations in California.
ALL of their stations are charging $36.00/kg ! OUCH.
Have we locked up a major deal lately?
Something that will add value in 2024?
For a major energy company, I haven't seen much good, meaningful PR lately.
WTM - I would ask Banger for a site or link to his information.
You can never be too sure when someone is making up stories.
mira - Not always. But my batting average on PLUG has been better than average. (and you know it.)
mira - And I also said BUY before the first Mega Symposium, didn't I ?
So instead of making $40 would would have made $39. But you would have sold at $51, instead, and gone short.
And you would be up 5 times where you are today.
I agree Hydrogen has a bright future.
I caution that the future is years away.
I caution that PLUG might not be the best investment or vehicle to capitalize on hydrogen's future.
Linde, Bosch, JM look to be better hydrogen bets.
Here's a good read !
And this might explain the NEW 52 WEEK LOWS !
https://finance.yahoo.com/news/hedge-funds-selling-energy-stocks-212343525.html
WTM - Please Read his Posts !
He was WRONG and I told him so . Did I drive him away, or did he embarrass himself and leave in shame?
Have you ever noticed those two posts at the top of the page in Yellow ?
Do you remember chrisp6712 ? He told us that he was a BIG investor in PLUG.
Well ... when Chrispy started posting PLUG's share price was $28.34. How can a BIG Investor be so WRONG?
Have a read of this post from the yellow section, and see how badly he misinformed everyone here. If you have the time and inclination, it's even more disturbing to see how wrong he really was.:
"I will try to post some info that is relevant to this investing forum. I would hope that the moderators stop censoring selected posts.
Here are the things I believe Plug is going to achieve in 2022.
A minimum 2022 revenue of $900-$925 million. The number is expected to be raised as new deals become clearer during the year. Expect $975 million in 2022 revenue.
Green Hydrogen production. The Camden Georgia plant recently began producing green hydrogen and will be making 15 tons per day by. The end of the year. 3 plants will be producing 70 TPD by the end of 2022. In addition to the Georgia plant, work is ongoing at the STAMP site in New York. The Graham, Texas site will start construction shortly. 500 TPD by 2025 and 1,000 TPD by 2028.
16 sites have been chosen for green hydrogen plants. The site locations will be announced when their construction commences.
Plug want sites where there is room to expand production, ie. Texas can expand from 45 TPD to 75 TPD. NY can expand from 45 TPD to 70 TPD.
There are 2 green hydrogen offtake agreements going through final contract wording. The agreements will be finalized by the end of Q1 2022. These offtake agreements are long-term aggreements for 200 tons per day of green hydrogen. The gross profit margin on green hydrogen will be at least 30%.
Plug wants to ship at least 155 MW of electrolyzers by the end of 2022. They have a goal of having a backlog of 1 GW of electrolyzers by the end of 2022. Mr. Marsh thinks the backlog could be 2-3 GW the way discussions are going and if the Build Back Better climate initiatives are passed the number could be double that or more. Plug is negotiating a possible additional 2.5 GW of business during January 2022 alone.
Plug will build a gigafactory in Australia in 2022 and start a gigafactory in South Korea this year.
Material handling will grow to $600 million in gross revenue by end of 2022.
Plug is negotiating with 3 new pedestal customers that they expect to sign in 2022. The first one by the end of Q1 2022 and the other 2 by the end of 2022. Two of the pedestal customers will be in Europe.
The Joule acquisition cost $30 million. Plug will save $20 million annually just for their internal use by owning their liquifying technology. The acquisition can bring in $250 million in new revenue each year beginning in 2023.
Plug/Hyvia will arrange 10 light commercial customers in 2022 and be ready to deliver 1,000 vehicles in 2023.
Plug is negotiating with a heavy duty truck company to jointly produce class 8 fuel cell electric vehicles for heavy transport and will either partner or purchase the company by the end of the first half of 2022.
The Orascam green ammonia plant will be built in 2022 and be up and running before COP 27 in November.
Plug has built a fueling station for smaller distribution sites and expects 80% penetration rate with existing customers including Amazon and Walmart.
Plug will deliver power systems to 3 strategic partners during the first half of 2022 and an additional 10 to 12 units by the end of 2022. These power systems will result in 2022 revenue of $50 million. By the end of 2022 they will have $300 million in backlog for power systems.
Material Handling service will be revenue neutral by the end of 2022. Plug is achieving this by phasing in their new, more efficient Gendrive systems. Plug Power delivered the GenSuite of products and service to 32 new Amazon distribution centers in 2021. These systems require much less service than the old units. Plug will continue installing the newer units throughout 2022.
Plug will announce a new agreement with a pipeline/salt cavern storage company for bulk gaseous hydrogen.
Plug is installing fuel cell equipment at pedestal customer sites to charge their electric last mile delivery vehicles.
Plug will be approved for the DoE loan to fund their ongoing infrastructure buildout. The loan will be at least $500 million.
Plug is working with at least 10 US states who are looking to secure one of the hydrogen hubs that are part of the $8.5 bi-partisan infrastructure plan approved last year. Plug is the leading US company in the electrolyzer and fuel cell business."
WTM - My car has Bosch Wiper Blades --- Good news for PLUG ?
WTM - C'mon that's a stretch.
WTM - Great News .... For Bosch !
One of my Hydrogen Picks to win in Hydrogen.
Can you imagine what the headhunters are hearing?
" We think you would be a good fit to be the CEO of WORSTPORT, are you interested...?
Laughter .... Click ....
jammy - I'm just proving you WRONG AGAIN ! I DO POST on Green days.
WTM - I love your optimism ...
There's a pony in here somewhere !
BAD NEWS !
WTM- You are a little late : I posted this yesterday:
https://seekingalpha.com/news/4015608-hyzon-motors-agrees-to-25m-penalty-from-the-sec-to-settle-investigation?mailingid=32841964&messageid=2900&serial=32841964.116&utm_campaign=rta-stock-news&utm_content=link-3&utm_medium=email&utm_source=seeking_alpha&utm_term=32841964.116
OUCH !
Oh No ! WTM - Do you think that Hydrogen might be more difficult than people thought?
B_B - That's Funny.
Are you looking into a crystal ball or a rear view mirror ?
Everything you mentioned was promised by PLUG for delivery MONTHS AGO !
Note : Brisbane in not in Asia.
If those don't show up, Look out below !
Not really news or newsworthy.
But the Super Duper Mega Symposium usually brings lots of noise and news and hype with it.
Depending on the quality of the Symposium news will determine if we see a quick spike or a sustained rally.
Based on your helpful report on Short interest, the Big jump makes me think that people aren't expecting a sustained rally.
Ford CEO Reveals ALL NEW Hydrogen Car & SHOCKS The Entire Industry!
GOOD NEWS: Ford is introducing an ALL NEW Hydrogen Car !
BAD NEWS: FORD is calling it ... The Pinto II
GOOD NEWS : The New Ford Pinto II will be FASTER than a Ferrari !
BAD NEWS : It will only be Faster ... Once.
GOOD NEWS: GM is also introducing a new FC Car !
BAD NEWS: It’s called the Chevy CRUZE (missile)
GOOD NEWS: BMW has announced that they have an H-2 Car as well.
BAD NEWS : BMW is calling their FC car… “der Hindenberg II ”
No matter how you try to spin it or sugar coat it, it's ALL Bad News.
Oh... That makes me feel so much better!
Steve - There is still a lot of engineering and problem solving to do.
Do you know how big a 10,000 PSI Compressor on wheels needs to be ? Long-Haul trucks are going to need at least 10,000 PSI.
Most existing gasoline stations don't have the room .
I think at least 10 years, based on how quickly Georgia is working out.
WTM & Steve - All you need is Green Hydrogen. A shame that LESS THAN 1% of the hydrogen used in Fuel Cells is green.
Even worse, when Green Hydrogen production doubles, it will still be LESS THAN 1%.
So it sounds like no one has a hydrogen powered ZEV.
Just a little Monday Morning Humor.
I think Pluggers need a little humor once in a while.