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Very true. This management cares a dam about shareholders and has done little to enhance market sentiments. If at all, Andy has often mislead the market by his statements and always failed to deliver on key parameters.
How does one explain this drop despite a better quarter and all his talk about more customers and +ve EBITDA.
I hope we don't end up with a reverse split.
No I am not investing with fear. I have stayed long because I believe in the technology and I feel that the stock price is not a true reflection of the potential.
Like any investor I do want to see an increase and a consistent upward trend. Right now it is all in the air with no consistency. It goes up without a reason and it falls without any reason too. The management does not take any effort to bolster market confidence with the right kind of marketing effort.
In short the longs are clueless and that is frustrating.
This is scary. It has been going downhill for the last couple of weeks. I tend to agree with your opinion about Andy. He is more likely to miss than meet his numbers.
There is no reason otherwise for this drop. Frustrating
In his article he meant EBITDA +ve in the 4th qtr where they are likely to hit $60 + mil.
But I do see your point of this translating $240 mil for 4 qtrs to be EBITDA +ve for the entire year.
Whether Plug can do $240 mil next year is a question mark. Maybe they can if they do $170-180 this year.
I hope this can stay above $1. The rate at which it is falling is scary. Never expected it to fall this low. Ended up picking up shares at a higher price level
I share your frustration with the lack of any meaningful communication from Andy and his team to counter the negative sentiments.
I have been invested in Plug for almost 6 years now. Got in just after it reached its high of $11/12.
I am long in Plug and I like the technology and the potential but the stock has been disappointing to say the least.
All these PRs have not helped the stock price in any way.
While the stock price takes a beating and folks continue to short this stock, the management does nothing to stem the rot. They come out with some lousy meaningless PRs.
Thanks. I hope what you say comes true. I have been picking up on the lows but this stock always manages to surprise me.
Why this price drop BDW. Is it just Year end tax loss selling ?
I also find that hard to believe but if it is simply an accounting issue, Andy should explain it in the right positive manner.
The consensus estimate for the 3rd qtr is $49.48
That is great news. I hope Andy presents the 3rd quarter numbers in a positive manner , whatever they are. More so with this PR in place.
That was based on the analyst estimates that are out there. The estimate was that the revenues will be lower than that for the same period last year. I think there is a number out there too.
BDW - any idea why the revenue estimates for the 3rd qtr are lower than expected?
The recent price fluctuations have no explanation. We moved all the way up to 2.10 on upgrades and now at 1.96.
Plug has not been able to hang on to any gains and unless we see a clear meeting/exceeding of qly targets, we will go nowhere.
Couldn't agree with you more. Has been frustrating. A pipe dream.
Oh!!. That explains it. Thanks.
What's with so much buying after hours??? Any news out there.
Hey BDW. We did break past 2.13. Cheers!!
This board has gone quiet just like Plug management.
When were they planning to announce the third big customer?
Also, this is an outcome of the reverse split that FCEL went through in Dec 2015.
The Day's high was 2.13. Wow!!. What could have triggered that.
Back at 1.99. Hope it crosses 2.00 and stays above it.
The press release very clearly says that these are Plug Power supplied.
The final results will only push this down further and Andy does nothing to cover up his failures.
Just not savvy enough.
The moment Andy opens his mouth it only spells disaster for the stock.
Not a single conference call has gone well. Forever overcommitting and under delivering.
High time he goes. Till then Plug stock will go nowhere.
In fact all fuel cell stocks were removed from my watch list.
A very honest and rational assessment of the situation.
I am long and with a nominal holding in Plug but my confidence in Andy is low. Time and again he has missed and has always come up with new reasons for the miss. Most of the times it is some new accounting practice.
Given their new deals with Amazon and Walmart besides other customers, Q3 should be great but the doubt remains whether it will be so in reality.
Quarter on quarter, it is the same story. They have some *^#%}^ parameter or the other to screw up.
End result - the price stays where it is or goes down. This is like a pipe dream. Keep holding and hoping.
Next quarter if revenues are big, Andy will come up with warrant expenses to screw our happiness.
Frustrating indeed.
Why this dip??
Two major PRs about Amazon & Walmart have not been able to sustain the upward trend. Keeps falling back.
Wonder why market is not convinced. Q2 results will bring it back to 2 or below.
I do agree with the concern that every such major deal is going to be dilutive in nature.
That seems to take away all the punch out of such deals. The only reason why despite such impressive tie-ups with companies like Amazon and Walmart plus many more, the share price is still struggling to climb. Are all these deals at the cost of the long term shareholders who are left high and dry. The companies investing get Plug products at a discount which helps their bottom line and the management makes their bonuses based of revenue numbers.
Awesome rise in Plug stock price. Maybe the news about Amazon buying Whole Foods has helped.
Tend to agree with you. Although I believe Plug has a future,
Andy has let shareholders down way too often.
Quarter after quarter, the results have been disappointing, despite indications being to the contrary. Even now I cannot understand why he has not changed the guidance of 130 mn if the Amazon deal is expected to contribute 70 mn and this came as a bonus.
He screws up on some front or the other.
There you go. 2.42 right now.
High time this flies to double digits. ????
I hope you meant 2.40. LOL
I would want it to stay there and go beyond. I hope it's not just a run where profit taking brings it all the way back.
High time Plug is acknowledged as genuine and given its worth.
Will go past 1.30.
Did FCEL and BLDP both go through a reverse split. That's the only explanation for their price being higher than Plug.
Athough that is frustrating, it does not change my thinking about the stock
I plan to hold on for as long as it takes because I do see a great future for Plug.
This one is huge. Should get us moving.
China volumes can be large.
Completely agree with you. Don't understand why is it taking them so long to clear the confusion and compare apples with apples.
Andy should declare the revised targets as per the new norms. Why does he leave it to public interpretation.