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An increase in Short Interest is usually a bearish indicator.
I think some are betting on negative news from DOE and 45v and Q.
Steve - A Reverse Split .... So Soon ?
Lipstick on a PIG. Mostly optics.
A 5/1 split wouldn't move the needle, 10/1 demonstrates just how Pathetic PLUG has become.
It does remove the "Penny Stock" label , and signals that there is still room to the downside.
B_B - You know what is really funny?
Remember when PLUG was in double digits and BE was in single digits ?
Remember when PLUG's market cap was 4 times more than BE's?
Remember when PLUG was worth more than BE ?
LOL
PLUG is riding on BE's coattails today.
Thank you, BE.
Steve - Nothing to do with PLUG, but congratulations. Most folks have no idea about that area of Vegas. Snow capped mountains, skiing, tall trees ..
I hope you don't have to manage many stairs. Going downstairs is especially painful.
Kudos on Qualifying for Boston.
Can we get back on topic now please?
B_B - Off Topic ? No mention of Hydrogen or PLUG ?
B_B - Is this the Project in Australia which has been delayed because there is no funding ?
NO FID ?
JMI - CORRECTION :
JMI - Just 3 days ago you posted ,
"Interesting quote from the Hydrogen Council, referenced by ReutersEvents in their Notice of the upcoming " Hydrogen Investment - Strategies for Success":
" While the Clean Hydrogen Project Pipeline has grown to $570 Billion, just 7 % of Hydrogen Projects have secured Final Investment Decision."
Just shows you what the pent-up Demand is, and how much $$ is sitting and waiting for the Decisions on 45v, etc, that we are seeing daily here with the stagnant, low-volume Sector trading.
Tick tock......
Thanks !
smile
JMI"
To which I responded :
JMI - Actually 7% is pretty low.
The historical industry average for funding and completion of major capital projects in the energy sector is closer to 10%.
Another troubling sign : Project Delays in Australia, The EU and North America
Is the hydrogen Novelty beginning to fade ?
JMI - Thank you for confirming my original premise.
It looks like the novelty of Hydrogen is wearing thin.
As you pointed out recently : The Hydrogen Council reports that only 7% of major hydrogen projects reach FID, compared to 10% for Energy Projects overall.
B_B - From Another Board :
"
A proposed 400MW green hydrogen project that was to ship liquid H2 from Portugal to the Netherlands called H2sines has been cancelled. The project lead partner, Shell, pulled out because the project was not economically viable for a variety of reasons.
Elsewhere in Scotland a electrolyzer project at the Gordonbush wind farm has been cancelled and earlier another project in the UK, Dogger Bank D also scrapped its hydrogen plans and will just feed the grid.
Yet another project, Vattenfall, in Scotland has also been cancelled.
B_B - Wow ! Anecdotal news.
Speaking of news ... Any PLUG news lately ?
Any mega deals?
Eeriely quiet.
It looks like the novelty of Hydrogen is wearing thin.
Project Delays and Cancellations.
Australia, North America, EU, Asia, all have major delays or worse.
Many hydrogen stocks getting crushed.
Hydrogen vehicles earning WORST resale values.
B_B - It looks like the novelty of Hydrogen is wearing thin.
Project Delays and Cancellations.
Australia, North America, EU, Asia, all have major delays or worse.
Many hydrogen stocks getting crushed.
Hydrogen vehicles earning WORST resale values.
Here is an interesting read :
https://seekingalpha.com/article/4682381-plug-power-still-on-bleeding-edge?source=copy_to_clipboard
More Bad News :
Austrian Railway scraps hydrogen train plans.
The Zillertal railway has scrapped its hydrogen plans after a independent study found that a electric approach using batteries, overhead lines, or a hybrid version would be much less expensive and lead to faster decarbonization. The Vienna University of Technology analysed 6 different drivetrains while the state of Tyrol has outlawed the use of overhead lines on the entire route. Batteries and partial overhead line use were found to be more cost effective than hydrogen.
Last year, Stadler, admitted that hydrogen will almost always be more expensive than battery trains due to the replacement costs of the stacks(3yr) and maintenance on the high pressure storage tanks. Those comments came after the first hydrogen railway in lower Saxony announced they would only buy battery trains due to the operating costs of their hydrogen trains.
The primary reason batteries cost less than hydrogen in Central Europe is that railways there are rarely less than 80km from a station with an overhead charging line, which can be used to charge the battery with 15,000 volts — 15 minutes of which is enough to power the train for a further 50-150km.
Poor Hydrogen Economics ! UH, OH.
B_B - Lame.
Show me just one concrete reason to bet against this powerful Negative Trend ?
Show me just one concrete "BUY" signal.
Increasing overall DEBT with a government handout may NOT be a positive. Yes, PLUG will enjoy a little bump, because everyone is starved for news ... any news.
But for more than three years, every PLUG bump and rally has faded within days to new LOWS.
There is no way I am betting against that and ruin my batting average on/with PLUG.
CITI MAY BE RIGHT !
$2.00 could actually be HIGH.
The DOE Loan is viewed by many as a negative. Just more debt and a government handout to keep the lights on.
If the 45v rules stay strict and there is NO DOE $$$'s, we could see $1.00's.
Here is an Interesting Read :
https://finance.yahoo.com/news/3-blue-chip-hydrogen-stocks-175400055.html
DOWNGRADE by Citi !
$2.00's AGAIN !
Maybe the Jobs Data will buffer the impact.
WTM - Since Hydrogen needs lots of Electricity to split the H2O molecule ... ,
ELECTRICITY will Always be CHEAPER THAN HYDROGEN.
WTM - We know hydrogen works.
But it appears that in Austria, the problem appears to be the economics.
The hydrogen economics don't work.
MULAG has the same issues in Germany.
FedEx came to the same conclusion in the USA.
Yikes ! Is there Bad News coming ?
GE 71 - Or even Maglev.
But bottom line, electricity and not hydrogen is their choice for zero carbon trains.
WTM - It looks like the novelty of Hydrogen is wearing thin.
Project Delays and Cancellations.
Many hydrogen stocks getting crushed.
Hydrogen vehicles earning WORST resale values.
IGTM - Great observation ; and supported by industry data :
"Interesting quote from the Hydrogen Council, referenced by ReutersEvents in their Notice of the upcoming " Hydrogen Investment - Strategies for Success":
"While the Clean Hydrogen Project Pipeline has grown to $570 Billion, just 7 % of Hydrogen Projects have secured Final Investment Decision."
Actually 7% is pretty low.
The historical industry average for funding and completion of major capital projects in the energy sector is closer to 10%.
Another troubling sign : Project Delays in Australia, The EU and North America
Is the hydrogen Novelty beginning to fade ?
More Bad News :
Austrian Railway scraps hydrogen plans.
The Zillertal railway has scrapped its hydrogen plans after a independent study found that a electric approach using batteries, overhead lines, or a hybrid version would be much less expensive and lead to faster decarbonization. The Vienna University of Technology analysed 6 different drivetrains while the state of Tyrol has outlawed the use of overhead lines on the entire route. Batteries and partial overhead line use were found to be more cost effective than hydrogen.
Last year, Stadler, admitted that hydrogen will almost always be more expensive than battery trains due to the replacement costs of the stacks(3yr) and maintenance on the high pressure storage tanks. Those comments came after the first hydrogen railway in lower Saxony announced they would only buy battery trains due to the operating costs of their hydrogen trains.
The primary reason batteries cost less than hydrogen in Central Europe is that railways there are rarely less than 80km from a station with an overhead charging line, which can be used to charge the battery with 15,000 volts — 15 minutes of which is enough to power the train for a further 50-150km.
Poor Hydrogen Economics ! UH, OH.
Banger - If you ever want to see $10.00 again, this is what needs to be done.
- A new CEO
- A new CFO
- A new COO
- A new HQ in Texas
- $1.0 + Billion in Fresh Capital
________________________________
And to answer you :
"well it would give them a better chance of being successful and the market would like it reflecting in a better SP." $10.00+ increase in the share price just on the changes.
"But the current team may make it, their chances reflected in current SP." The current team is incompetent and not credible. Current share price will continue to fall as long as they are running things in Backwater, NY
Had it not been for the 2 year delay in NY and 12 months in Georgia (plus 6 more for he final testing set up) they wouldn’t be in he cash strapped position they are now. These were external delays but should have been in their plans (Sanjay too overconfident). We might them be saying we have a wonderful C Suite...?????
"Where is the board of directors though they should be addressing this. Is George too weak or too much the status quo guy? " PLUG's Board needs to wake up and ACT.
Banger - So, in order to be successful going forward, PLUG Needs :
- A new CEO
- A new CFO
- A new COO
- A new HQ in Texas
- $1.0 + Billion in Fresh Capital
Other than that, everything is just Ducky.
Did I miss anything ?
C'mon, Half of the pump posts on this board have nothing to do with PLUG.
What is bad for one part of the sector, negatively affects the other sectors.
Banger - You have exposed another issue with PLUG.
LEADERSHIP !
Who is going to run this MESS ? Andy is a proven failure and has destroyed PLUG's credibility and Shareholder value.
Paul is just more of the same.
Sanjay and Jose Luis are over their heads. Ole, who had my vote, is gone (a Big Loss).
PLUG needs to bring in a Professional . A real deal.
But good luck getting a top-tier leader to move to Slingerlands.
B_B - That would be a huge mistake.
Sanjay is all talk.
B_B - Rearranging the Deck Chairs ?
Steve - A DOE Loan and 45v will definitely give PLUG a Bump.
Will it be enough to Reverse the Trend ? I don't think so.
Steve - It's not the technology. We know that hydrogen works.
It's the economics. A key metric in FID is ROI. In today's world it is pretty difficult to produce a major capital project for Hydrogen that has a positive ROI or a payback in less than 10 years.
Smart companies like Exxon, Woodside, APD and Linde have all run their financial models and the economics look pretty discouraging.
What concerns me is that PLUG doesn't seem to worry about RAROCE or ROI.
Delays in Australia, Delays in EU, Delays in North America.
I'm beginning to see a New Trend in Hydrogen.
And that trend is Negative.
Will PLUG be selling ATM shares below $3.00 ?
I have to believe that PLUG is contributing to this Free Fall at the Shareholder's expense.