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Have a look what price prediction some people gave!
I believe some "big boys" already arrange it!
Our goals for 2024?
In the meantime we´ll see a buyout!
I hope your fear is gone!
After a minus of 13 % today, Mr. Marsh is willing to give us a statement!
Why not this morning?
What a moron!
And Plug Power doesn´t show any sign of live!
15 % minus! Who takes care for Construction Project Manager, Hydrogen Systems?????
Good article from annother board:
With Q1 Earnings Due, Is Now The Time to Buy Plug Power Stock?
Market and self-inflicted factors have hurt PLUG stock in 2021 despite a solid business footing
By Louis Navellier and the InvestorPlace Research Staff, Editor, Growth Investor May 6, 2021, 12:16 pm EDT
Plug Power (NASDAQ:PLUG) shares continue to slide, after starting off the week by closing down 6.6% on Monday. This week’s performance hasn’t been Plug’s fault. On Monday, another big hydrogen company reported earnings that missed expectations. In an industry as small as hydrogen fuel cells, a miss by one company rattles investors and impacts other players. However, Monday’s news doesn’t explain the miserable performance of PLUG stock dating back to early February. Since closing at a decade-long high of $73.18 on Jan. 26, PLUG stock has plummeted. After its latest loss, it’s now down 67% from those highs.
3d render image of hydrogen energy fuel cell from Plug Power
Clearly something bigger is at play here. And given the support for zero-emission alternate energy sources like hydrogen fuel cells by President Joe Biden’s administration, PLUG stock is moving in the opposite direction you might expect.
Opening on May 6 at $23.17, are PLUG shares in “snap them up while they’re cheap” territory? Or is this a case of a company that soared too high in the excitement over green energy? The situation is actually a little complicated.
Accounting a Nightmare For PLUG Stock
There have been a number of issues directly related to Plug Power that have combined to help push down PLUG stock in recent months.
On Feb. 9, the company announced completion of a public stock offering at $65 per share. The move netted Plug Power over $2 billion in capital. That’s good in the sense that the cash will help the company pay for critical projects like accelerated expansion of its green hydrogen generation business. But the dilution had a negative effect on Plug’s share price.
Then in March, the company revealed that it had found accounting errors in its 2018 and 2019 results, plus the first three months of 2020. That disclosure set off another steep decline in PLUG stock. Accounting irregularities are seldom good news for investors. While Plug’s issues seem to be relatively minor, they did raise eyebrows. For example, Bloomberg reported analysts with Truist Securities wrote in a note to clients:
“Following these disclosures, we expect limited opportunity for outperformance in the near-term. While the company reiterated long-term targets and the accounting issues appear transitory in nature, we see limited upside until resolution.”
PLUG stock dropped 8% on the news.
A Slowing Green Rush?
In addition to Plug Power’s self-inflicted wounds, PLUG stock has also been adversely impacted by a sell-off of hydrogen stocks. Investors are concerned that the “green rush” is losing momentum, and that hydrogen stocks like PLUG have limited upside.
Bottom Line on PLUG Stock
Battery-powered consumer EVs get all the headlines, but behind the scenes, hydrogen fuel cells are doing the green heavy lifting for industrial applications. With turnkey solutions for applications like warehouse forklifts, Plug Power is a world leader. The company has 40,000 fuel cell systems deployed already. The need is there and the demand is there.
A challenge for investors is the need for patience. Because it’s dealing with commercial clients instead of consumers, Plug Power sales come one big deal at a time. The hydrogen sector and the company are well-positioned for long-term growth, but investors may have to wait for momentum to build again after Plug’s recent setbacks. Analysts are generally optimistic, though. The Wall Street Journal is tracking 19 investment analysts who cover Plug Power. They have a consensus overweight rating for PLUG stock, with an average $55.74 price target. PLUG also rates a “B” in Portfolio Grader.
If you do decide that PLUG stock is priced right for your portfolio, you might want to move quickly. The company is expected to report Q1 2021 earnings any day now. While the company whiffed on its Q4 earnings in January — resulting in a single-day loss of 12% for PLUG stock — it did raise its 2021 guidance. If the company reports a strong quarter, that could be the catalyst that kicks off a recovery phase for its stock.
Is 8k possible without 10k for 2019 - 2020?
He is from germany.
The person you talking is following his own aims. He is doing it very often through the back door.
But missing the entry point at $ 2,40 is very hard.
Good news, thank you Jacky!
A landmark first for heavy trucks, GAUSSIN GROUP has created a MODULAR hydrogen Class-8 truck platform, powered by reliable and efficient Plug Power. This is so much more than just hype about a powertrain, this road-ready innovation will speed time-to-market for a variety of heavy-duty applications.
Interview with Renault CEO Luca de Meo out today in France's Journal Du Dimanche. Here's an extract.
Have you estimated this value (edit. referring to the Renaulution plan)?
If the Renaulution plan goes as planned, Renault will be able to create the equivalent of 8 billion GDP per year! It is a major stake, but this objective is within our reach. France's role is to produce innovation, technology and added value, thanks to current projects.
We are in the process of creating a joint venture with Plug Power which will allow us to rank among the best in the world in the hydrogen sector.
Jacky - Andy already posted, there will not a relevant change of the numbers.
Would you expect, that he told us without to know?
Unlikely.
By the way, your bottom level is history!
uksausage, at the moment I would prefer an announcement!
Only one of the promised things which Andy told us during earning call are in the pipeline.
Only one!
And PM again deep red!
Gaussin already announced yesterday.
From Fintel:
2021-03-08 13D Grove Energy Capital LLC 54,966,188 current shares!!!!!
Monday would be the perfect time for an announcement!(big one)
Would be a perfect momentum.
The whole board has problems!
Tell me, how long are we waiting for the 4th pedestal customer?
Since years, Andy is telling every earning call hints and they never come or it takes a year to get a confirmation.
But, I´m ok, only reason that I bought early enough!
Copy from Fintel, Norges Bank bought:
2021-03-02 13F/A Norges Bank 6,513,754 shares 220.881.000 $
A posting from Bobby, yahoo:
So, Moses Sutton of Barclays came out with a ridiculous price target for plug today of $29 with an UnderPerform rating. I decided to look at the 13F filing for Barclays for Q4 2020. We don't know what their current position is, but as of 12/31/2020, they had the following positions.
295,754 Shares at 33.91, $10,029,018
21,200 Call options at 33.91, $5,072,939
987,600 Put options at 33.91, $33,489,516
It certainly seems like thy were hedging their bets heavy on the Put side.
Plug Power:
Institutional Owners 728
Shares Outstanding 502,517,432 shares
Institutional Shares 360,406,885 - 71.72% (ex 13D/G)
And they still playing day for day! Amazing.
If Andy would confirm AWS today, I´m also happy! ...)))))
You might be right, looks perfect in a way.
We only need an announcement.
Andy will discuss it after earning call! ...))))))
MSFT???
I was reading the Earnings Call Transcript.
But honestly, Andy has not give us any news or facts.
It´s only talking about what may be happen next time.
I´m only asking myself, why Morgan Stanley made the deal with PLUG!
They must know more than us.
Who paid over 65$?
I know Morgan Stanley bought beginning Feb. 2021 36.400.000 shares!
Price 65 $.
Looks like Andy makes a different party after his official call!
:::)))))))
Wait and see what we have to expect next weeks!
Wrong:
price to the public of $65 per share with net proceeds in excess of $2B
and plus!!!....))))))
$ 2 B
They are going the same pad as Amazon and Tesla. First building up a strong business, profit is coming automaticly later on!
Report from Seeking Alpha:
From Seeking Alpha: Revenue of -$0.32M (-100.3% Y/Y) misses by $85.31M.
Correct Numbers:
Plug Power Reports $337 million in Gross Billings for 2020, Up 42.5% Year over Year
Our big problem? A lot can`t read a balance sheet!
They are not able to identify that PLUG was paying for the warrants.
Hard to believe, but.....
Kimberly Harriman Joins Plug Power Board of Directors
LATHAM, N.Y., February 22, 2021 -- Plug Power Inc. (NASDAQ: PLUG), a leading provider of hydrogen, hydrogen engines and fueling solutions enabling e-mobility, has appointed Kimberly Harriman to Plug Power?s Board of Directors, and newest member to the Company?s audit committee. Ms. Harriman currently serves as Vice President, State Government Relations and Public Affairs, of Avangrid, Inc., an NYSE-listed energy provider operating in 24 states.
Ms. Harriman has over twenty years of experience in the energy industry. With Avangrid, she coordinates state government relations and public affairs for electric and gas utility subsidiaries in New York, Connecticut, Massachusetts and Maine and renewable onshore and offshore energy projects across 22 states. She contributes to the development of company policy positions on key energy issues, including greenhouse gas emission reductions, growth of renewable energy penetration, and investment in electric grid infrastructure.
Prior to Avangrid, she served as Senior Vice President, Public and Regulatory Affairs with New York Power Authority (NYPA), the largest public utility in the United States. Among many responsibilities to leverage her extensive regulatory experience to identify and capitalize on new business models and market opportunities, Harriman also led government and community affairs, including interface with local, state, and federal elected leaders and community stakeholders to further the policies and positions of the Power Authority across the NYPA network. She was the liaison with the NY Governor?s Office, interfacing on key initiatives including grid modernization, natural gas evolution, climate law and policy.
?Ms. Harriman?s experience in the energy industry strengthens the core competencies of our Board, as we develop and execute strategies for green hydrogen in the global energy matrix,? said Andy Marsh, CEO of Plug Power. ?On behalf of Plug Power and our Board of Directors, I welcome Kim, and look forward to having her experience to help us build out the first nationwide green hydrogen network.?
?Plug Power is the global innovator in the green hydrogen energy space,? said Kim Harriman. ?There is no denying the tremendous potential for this energy solution. I look forward to influencing adoption globally.?
Ms. Harriman holds a J.D. from Albany Law School of Union University and a B.A. in Political Science from Siena College.