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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.
TAXES are Due .
Do you sell a good stock or a DOG Stock to pay your Taxes?
PLUG might have a tough couple of weeks in front of them.
B_B - Sure..... Why Not ?
PLUG is crashing and Andy has a Parachute.
Do you ?
WTM - Low Cost but not cheap.
I LOVE PUMPERS ! I Love Hype ! I Love FROTH !
They get everyone excited about MEGA - Deals, and Good News and the PLUG Price gets Pumped UP.
And then ... Everyone is disappointed when the news doesn't materialize.
This is why EVERY PLUG RALLY FADES WITHIN DAYS !
This is why PLUG has gone from $75 - to - $3.00.
The DOE LOAN announcement at the End of March is yet another example.
WTM - This is Great News ..... For CHART INDUSTRIES !
B_B - The increase in Short Interest indicates the opposite.
I will be surprised if we hear anything from the DOE in March or April.
I also expect an additional round of negotiations on the terms.
B_B - Nice Convertible Weather.
Here is an interesting Read :
https://seekingalpha.com/article/4680773-plug-power-a-true-leap-of-faith-stock?mailingid=34838076&messageid=2800&serial=34838076.831&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=34838076.831
Key Take-Away :
" An investment in Plug Power Inc. is a true leap of faith, and not one I am willing to make at this time."
B_B -Shorting has restarted post earnings and continues to grow. Never a good sign.
SHORT INTEREST 172.19M (03/15/24)
% OF FLOAT SHORTED 27.94%
I think some are betting on No DOE News this month ....
Or WORSE .... No DOE Loan.
What a NOTHING BURGER !
Is this the "BIG NEWS " the County Official was hinting about ?
Is this positive or negative to the Bottom Line ?
Banger - Until there is a comparative positive ROI for Hydrogen/Fuel Cells, no company with an eye to the bottom line is going to buy into an "Application" which doesn't make sense (Cents?). For disciplined companies the Bottom Line always wins.
This explains why GSE's / Mulag never took off (pun intended). I was at CERAWeek this week and Alternatives and Hydrogen were not the talk this year as they have been in the past. Yes they were on the agenda, but in the break sessions, you didn't hear them mentioned as they had in recent years.
By now the major players have run the numbers for their possible hydrogen "Applications " and they are not compelling . Perhaps the 45v rules will make some applications achieve a comparative positive ROI, but until those rules are out , the numbers run , and the "Applications" tested, we may be waiting decades for Data Center and other marginal applications.
B_B - Have you read your preceding two posts ?
Major oil companies and disciplined companies and project developers won't be doing hydrogen projects until the 45v rules are concrete and much more beneficial than the Treasury early draft.
BP and Exxon's VPs of hydrogen both state that the ROI is not there and the risks are too high for doing large hydrogen projects.
So 2024 will a partial win at best, just look at PLUG's inventory . No one is buying big without 45v certainty.
B_B - I don't think so.
LINDE is best in breed, profitable and close to their All Time Highs .
PLUG isn't any of these.
Linde has been liquifying industrial gases successfully for more than 100 years.
Hundreds of patents.
What does PLUG have that LINDE can't do or replicate better ?
In this podcast we hear Andy Marsh make up stories about hydrogen solutions where there isn't a need for an expensive hydrogen solution.
Just Another MULAG !
Banger - Chart Cold-Boxes are used in many cryogenic processes including LNG and Hydrogen. LINDE, Air Liquide, and Air Products have been using Chart Cold Boxes for decades, so a PLUG reference is not necessary.
As for PLUG's Joule Liquification Process, Chart Cold Boxes are still an essential component . I strongly suspect that the Chart Cold Boxes were NOT the hold up, but instead it was with PLUG's serial # 1 Liquefier.
WTM - If PLUG makes Green Hydrogen, and natural gas prices increase, then this would benefit PLUG's margins.
But this is at least 2 degrees of separation from PLUG.
WTM - NOTHING to do with PLUG?
mira - I might make jokes, but I am very serious when it comes to making money.
No kidding. Until it is real, I value any PLUG news at ZERO. News about a customer ... at LESS than ZERO.
Banger - You should know by now there are NO GIVENS with PLUG.
Banger - Thanks.... But No Mention of PLUG or Hydrogen.
Wrong Board ?
Mira - Thanks. You and I are the Lucky Ones.
Our governments haven't given PLUG One Penny of our money to PLUG.
B_B - Now every American is an investor in PLUG ... Like it or NOT.
I would be upset if my hard-earned money was being misallocated to PLUG.
B_B - Not a GOOD DEAL !
Refinance 3.75% DEBT with 7% DEBT.
What is WRONG with Paul. What about his recent statement , "No new DEBT or DILUTION ." ?
B_B - You know what else is funny?
ALL of my options are Deep in the Money !
And getting better by the day.
B_B - FUNNY - Someone will probably post on Fortescue's board that PLUG isn't a very partner either. LOL
Wow ! Linde Hits a New ALL TIME HIGH !
This is what happens when a well-managed company over-delivers.
PLUG should take note.
PLUG "Talks" about cutting costs and improving margins.
LINDE actually performes!
https://seekingalpha.com/article/4677197-linde-maintain-buy-strong-eps-growth-indicated-in-fy24-from-pricing-cost-management?source=copy_to_clipboard
BEST IN BREED !
Banger - I need to Strongly Disagree.
The Trend for PLUG is still NEGATIVE, and the Going Concern merely accelerated the decline. And fixing this issue with an ATM is just a BandAid and not a cure.
PLUG still has incredible hurdles to overcome and PLUG lacks the management horsepower to resolve these critical issues.
The recent measures you cite may slow the decline, but they won't arrest or reverse PLUG's Negative Trend.
Only a major positive catalyst can accomplish this.
There will be rallies, but every PLUG Rally fades within days.
A New Upgrade .
Meh. But it will cause some early excitement.
https://finance.yahoo.com/news/plug-power-stock-25-upside-103700686.html
ruke - I like Hydrogen, but I am not a PLUG Fan.
Thank you FED
B_B - Here is the Bad News !
Next Week the Trend Line for PLUG will be NEGATIVE.
It will have to be a Major Positive Catalyst that will reverse this TREND.
Here's an interesting read :
https://finance.yahoo.com/news/3-reasons-wall-street-remains-101000852.html