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Mac - If "There are numerous breakthroughs in producing hydrogen hopefully they come into play soon",
Why don't you invest in one of those instead of PLUG?
It's those companies who might be able to help the environment and might even provide their investors a positive ROI.
A Wise Guy (You) once said : "If a person was actually concerned about the environment in any way they would be behind any company trying to alleviate some of the problems."
And another Wise Guys ( Me) Says : "I have found some great investments which help the environment, and are also great investments."
Next Wednesday's drop won't be with BE.
Mac - I think PLUG is doing it WRONG and it is costing the investors. That's why I found real companies who are actually making a difference and helping their investors.
Did you know that 98% of the hydrogen used in fuel cells is sourced from Fossil Fuels, and that is doing MORE HARM than good?
Banger - Would you like to revise your analysis?
That goes for all of us mac. But I choose not to add any more to the problem, actually walking the walk.
So I guess I am doing something to alleviate the problem.
Are there really PLUG Employees on this Board? What's the deal with Georgia? Is it fully Commissioned ? Fully Operational ? And the Liquifier is at full capacity ?
jammy - how did your pre-market indicator work today?
WTM - Liquid hydrogen trucks, can be ANY TRUCK hauling liquid hydrogen.
98% of the trucks hauling liquid hydrogen are DIESEL.
LIQUID HYDROGEN is very difficult and dangerous to make, store or ship.
Mik - I'm heading into the wilderness soon and won't be able to post. So getting these out before I go silent.
Bob - Shell = Lip Service
Mac - I disagree. Investing in a lousy company is just throwing your money away.
I have a zero carbon footprint, and invest in several companies who are actually doing well for mankind.
PLUG is NOT one of them.
Banger - Wrong Again! If a risky company has mediocre results the share price falls.
It happens nearly every time, and you have seen it happen many times before.
Were you hoping for a different result this time?
Tell me Dave, do we know of another poorly managed, risky company which will be announcing MIXED results soon?
jammy - Keep posting, please. You are making me look like a genius.
Bob - It's called Lip Service. The article is correct, "Actual investments to date have been minimal".
If they have refineries, then Hydrogen is an important part of the refining process (hydrotreating) to improve gasoline and distillate yields.
But, hydrogen for cars? Green hydrogen? No thank you. Too risky.
Banger - Not really. Mixed at best. Not enough to move the needle?
jammy - Good for you ! You should thank Ballard and NKLA for letting us ride on their coattails today.
They helped most of the sector post Green today.
Press release: Q2 Non-GAAP EPS of -$0.17 (missed by $0.03)
Revenue of $301.1M (+23.8% Y/Y, missed by $10.26M.
For 2023 Outlook:
Revenue:$1.4 - $1.5 billion; Product & Service Revenue: $1.25 - $1.35 billion;
Non-GAAP Gross Margin: ~25%;
Non-GAAP Operating Margin: Positive.
jammy - You really know how to class up the place.
The more you post ... The better I look.
WTM - I don't see very much happening with Green Hydrogen in 2023, except some Long-Dated deals which may never materialize. Heck, The IRA Bill may not even happen in 2023.
And no one really know how much commercial Green Hydrogen costs to produce, transport, store or distribute. Even PLUG is finding out in Georgia that Hydrogen is hard to do at scale and more expensive than originally thought.
So if RETAIL Green Hydrogen costs $20+ /kg at the point of use as some are estimating, I think we could see many deals disappear in 2024.
WTM - That's Funny !
The largest market share for FCEV's in the US belongs to Toyota.
In that same period, Toyota sold more BEV's than all FCEV's for ALL manufacturers.
Deja Vu? WTM, didn't we have this same discussion yesterday? Same news? Same Story?
jammy - I think you bought PLUG at $18.00+ and you are trying to manipulate people into buying PLUG stock so that you can at least break even.
You showed up here when PLUG was $18.00 saying it was going UP. And it went DOWN to $7.00.
Great Call.
When a company goes from $70 to $7 and loses BILLIONS in market cap, do all of those BILLIONS go to shorts?
Jammy - I do sometimes, but usually WTM or Bob beat me to it.
Why do you PUMP a LOUSY Stock?
And why do you try to defame me? Even PUMPERS agree I'm right.
Banger - Don't shoot the messenger, I didn't write it.
You know that when I post something original, it's usually only something senior management knows.
Bad news next week?
WTM - And Toyota also announced that just their BEV sales exceeded ALL FCEV sales by all manufacturers in that same Quarter.
I guess I know Jack after all.
From another board:
" The stock price relies totally on hype, not on PLUG's financial prowess. The company can't even make a gross profit, the basic indicator of a company's business model. In fact its negative gross margins are getting worse.
Yes, revenue growth has been good recently, but profitless growth is useless. Of course a company can increase sales if it sells its products and services below the cost to produce them. PLUG stock sells at close to 10X revenues, a very rich valuation for a perennially unprofitable business."
Nope. We all know that there is Bad News coming. Think Georgia.
According to some, I should be very busy today, but hopefully everyone knows the truth.
As stated earlier, PLUG is trading on the headlines and today's headlines are negative. Bad timing, with the Q about to happen, but it could have been worse.
Hopefully the market will have digested this BAD NEWS by the time the Q's BAD NEWS is released.
jammy - Here's an interesting read:
https://seekingalpha.com/article/4622086-plug-power-stock-consider-selling-before-getting-rolled-over?source=copy_to_clipboard
WTM - Currently, in Germany there are only two registered hydrogen vehicles for every hydrogen station.
Station owners are suffering, the sector is overbuilt ? Hard to believe.
Bob - I am not at all impressed with any one-off. There is a home in NJ and a couple of homes in MO That have used hydrogen in the past, but not successfully. The fuel works, the economics don't.
Funny Steve - No love? This is business and love should not be a metric or factor. I have no hate or animosity towards anyone here . We are all just gamers.
And this is also not win/lose. In the ideal, I hope shorts and longs can both be successful, but with PLUG, being LONG certainly has its challenges, primarily with management and PLUG's business model.
Blaming shorts for the gross incompetence of the company and management is silly.
PLUG's fortunes and therefore your fortunes are really quite easy to predict. Steve says that I am often right, which is true and very easy to do. Don't let the PR, HYPE and exuberance (FROTH) color your critical thinking. A "Big Deal for 2030" announced today is NOT going to make this quarter's numbers look any better and therefore is not going to really help shareholder value.
If you think you are going to be green because PLUG is doing a deal in Rotterdam in 2030, you don't know how real metrics work.
Steve - You may not love me, but I love Hydrogen and I love PLUG. PLUG is an even better Short than ENRON was for me.
Steve - 127 million shorts can't all be wrong.
I am definitely playing PLUG from the short side going into earnings using options. There are so many negative tells, it's difficult to see or make a positive case for this Q.
Not executing on Georgia could be a killer, especially after the BIG HYPE Party.
Steve - I expect :
- An Earning miss ... , Again.
- An IRA that is less than everyone expects
- Continuing issues with Georgia, and more delays.
- Nothing from Joule, Frame, Drones, Mulag, FFI, etc.
Bob - There is so little green hydrogen being produced, the bar isn't very high, so just about any country could choose to "Leapfrog the World in Producing Clean Hydrogen"
With Plenty of dedicated hydro or solar, and there are several countries who could boost clean hydrogen production. But what do you do with it? Forklifts?
WTM - Agreed. But likewise a Hydrogen Station Blowing Up should be BAD NEWS for HYZN.
Bob - Wall Street is waiting to POUNCE !
EARNINGS will be a MISS, ...., AGAIN!
Hydrogen won't be a factor for sales.
I think Georgia might be one year before we see real $$$.
Microsoft is NOT real, until someone can prove the economics . Think 2030 or even 2040.
WTM - So the exact same train that was hyped in Europe, is shipped across the Atlantic to be hyped in Canada. Nothing to do with HYZN ? Was this even news?