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.
The Restatement will be BAD NEWS.
The share price will be hit , this is one reason why HYZN is in NO HURRY to file these numbers.
Why would anyone buy this stock knowing BAD NEWS is still coming.
UH OH ! MORE BAD NEWS ! HYZN Non-Compliant into June !
Another Extension. Please note; Nasdaq Extensions are not good news.
BC : Please note, not the end of May, but into June 2023.
WTM - Any interesting choice since some of Wirecard's management have been arrested for accounting irregularities .
Are we expecting a similar situation with our reporting irregularities ?
It's too bad that BE also announced a Convertible offering as well.
More, New Debt AND Dilution in one deal.
GREAT ! What Could go Wrong? Did anyone read his resume?
Did anyone do a Background Check?
https://en.wikipedia.org/wiki/Wirecard_scandal
Banger , Was I right ?
Going into PLUG's Earnings, here is/are a simplistic rule(s):
Here is a simplistic analysis which has worked for me for years with PLUG Earnings.
If the numbers are strong, PLUG will go UP.
If the numbers are BAD, PLUG will go DOWN
If the numbers are mixed, PLUG will go DOWN.
If the numbers are FLAT, PLUG will go DOWN.
Based on these historical FACTS, there is only a 1 in 4 probability that PLUG will go up. I will take 75% odds any day.
Banger - Was I Right ?
Please don't encourage anyone to BUY PLUG until after earnings.
There is a 70+% probability that PLUG could fall to the $5.00's, and only a 25% chance of reaching $10.00's (the other 5% is no change) as a result of earnings.
There are some very good reasons why SHORT Interest is climbing (20%) 100 million shares, we know the odds are in our favor.
So waiting to buy until after earnings has little downside.
Nice Convertible Weather!
Ouch
mik - Can you not find a better stock?
My recommendation is for you to go someplace else. Look for value, look for management. That's called investing.
PLUG is more like betting. If you want to gamble, go to Vegas. The odds are better than with PLUG.
That sounds more like:
If you don't know where you're going, any path will get you there.
Banger - When you factor in all of the costs associated with a Liquification Unit, most sites WON'T be producing both gaseous and Liquid. Less than 1 in 10 will be both.
Not only is HYZN NOT in Compliance, but the restatement will be BAD NEWS.
Going Down ?
Now $1.2-1.4 billion? I'm seeing analysts are lowering their estimates.
Recently, PLUG's own guidance has been less than accurate, especially the Long-Dated estimates. And they ALWAYS err on the High Side !
Everyone should be questioning PLUG's Guidance.
Steve - If they listened to the call, they won't be covering unless they are heading back to the Hamptons for the summer.
There will be some profit taking, but why not let the options run .
There is still no major positive catalyst to reverse the downward trend.
jammy - Good to know.
When ?
How high?
mik - Even funnier is that they both MISS their forecasts on the High Side.
Knowing this, and knowing the market, I usually discount PLUG's estimates from 10-20%.
This usually triggers a free-fall like today's
Banger - Everything we have been told about PLUG Green Hydrogen is NOT TRUE.
We both know about LNG, and you know that LNG is exponentially more difficult and complex compared to natural gas or even CNG.
HYDROGEN is 10 TIMES more complex than LNG. PLUG doesn't even know what they don't know about Liquid Hydrogen. All of this is expensive, an expensive education as well.
HYZN is still NOT in Compliance.
All this noise and PR and pumping, but still no audited financials.
Banger - Actually MUCH WORSE than I thought it would be.
- How do you lose $1.00 for every $1.00 of revenue ?
- Natural gas is at record lows and PLUG still loses even more money supplying fuels?
- Georgia ?
- Andy said there would be an overhang in revenues, but he forgot to mention that we would lose money on every dollar.
I said MIXED. We were told that revenues would be Up, but the MISSES are Much Worse than the beats. This is NOT a Major Positive Catalyst, and that is what is needed.
The DOWNWARD TREND will continue.
UGLY ! LOOK out below!
The SEC and NASDAQ compliance will not be met until a fully audited 10-K is filed... AND ... HYZN closes over $1.00 for 10 consecutive trading days.
Steve - I hope they aren't Cooking the Books again, because they told us that we should see some carry over into this Q.
Hopefully this isn't the case, and we will be given at least 24 hours notice.
Mik - 200?
This will be a Record Quarter for PLUG !
- The massive overhang in unit orders carried over from last Quarter
- The massive drop in the cost of Natural Gas
- The massive Tax Rebates (IRA's) from our Green Hydrogen Production
- The 3 massive pedistool customers we signed up in Europe.
- The massive increase in unit production from our numerous giga-factories
- The massive increase in our internal hydrogen production from our massive electrolyzer facilities
- The massive increase in unit sales in every category
- The massive increase in unit sales to Data Centers, GSEs, Drones, EU, Australia, and SK
All of this, In just this Quarter ! The earnings will be Epic !
If PLUG can't be profitable with all of this positive momentum, then PLUG might not ever be profitable.
Everyone is waiting for the earnings.
If the News is Good, PLUG goes from $9.00 to $10.00.
If the News is BAD, PLUG goes from $9.00 to the $5.00's.
I like my odds.
Banger - Andy's credibility is close to Zero, call them lies, bad guesses, exaggerations, it doesn't matter. Watch some of those classic Mad Money appearances.
No one believes Andy. That's why the share price drops every time he opens his mouth.
Dave, It's not great that Andy "led" us from $1.00 to $8.00 (on HYPE), but he could not hold any gains.
Banger - Apologista.
- Hydrogen Highway?
- GSE's
- Microsoft
There have been plenty of lies, Dave.
Paul should have been fired with the accounting fiasco.
Andy needs to go for "leading" us from $75 to $8.00.
Goldie - You are PUMPING an 80 Cent stock, that isn't in Compliance with the NASDAQ or the SEC and has a major Restatement is pending.
But you think you're right. Good for You.
None of your examples are $0.80.
Real Companies don't have to RESTATE such simple financials.
Goldie - Having to Restate your Earnings DOWNWARD is a Good Thing?
Maybe if you stand on your head.
Banger - Please don't encourage anyone to BUY PLUG until after earnings.
There is a 70+% probability that PLUG could fall to the $5.00's, and only a 25% chance of reaching $10.00's (the other 5% is no change) as a result of earnings.
There are some very good reasons why SHORT Interest is climbing (20%) 100 million shares, we know the odds are in our favor.
So waiting to buy until after earnings has little downside.
Banger - But you said, "$65 for $50" is this part of that 4 year plan? Negative ROI.
Yes, I can imagine PLUG losing 24%. You make it sound like a great strategic move.
A NEGATIVE 24% doesn't sound that good to me.
Banger - They raised Billions at $65/share to get the share price to $50 ?
Is this a good deal for you ?
Thank you for explaining to investors why management should be rewarded for negative ROI's.
HYZN is Still NOT in Compliance.
Real companies file on time.
Real companies don't lose $100 million with paperwork.
Q 2-3 are out (unaudited).
How does a company this size just lose $100 million ?
Tomorrow will be BAD, but the 10- K's will be even WORSE !
Steve - Just another LAME PR Attempt to try and buffer the free-fall.
Another MULAG. Another GSE. And PLUG still fell to $0.83.
BOB - Another MULAG. Another GSE. Another Nothing Burger.
The technology works. But the economics don't.
Way too Expensive.
Good Luck !
"The Meeks shall inherit the Earth?"