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A New Puff Piece !
It won't stop the bleeding !
https://seekingalpha.com/article/4676078-plug-power-inc-plug-special-call-unlocking-future-hydrogen-mobility-fueling-solutions?mailingid=34577288&messageid=2800&serial=34577288.8518&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=34577288.8518
Steve - 2/3 of X ? What is X ?
We have never been given an honest answer by the company on important/ critical metrics like the total cost of any capital expense, ROI, RAROC.
Until I see an honest answer it is safe to assume PLUG loses money on nearly everything they do.
Steve - You may be on to something.
How much does it cost to make Green hydrogen at TN and GA vs How much is PLUG selling it for ?
It would also be interesting to know how much PLUG needs to sell H-2 (What Price?) for in order to have a positive ROI on those facilities.
I suspect it may take decades to recover the dollars spent on these two plants.
WTM - Is yours any different ?
Plug Power (PLUG) Q4 2023 Earnings Call Transcript
Motley Fool Transcribing, Fri, March 1, 2024
https://finance.yahoo.com/news/plug-power-plug-q4-2023-200014134.html
Here's an Interesting Read :
https://www.topspeed.com/how-much-costs-to-refill-hydrogen-powered-hyundai-nexo/
OUCH.
Definitely some shorts covering and taking profits to the bank.
Not much downside profits left to gain at this point.
Steve - The real quote is:
" The proof of the pudding is in the tasting."
Overall the Trend for PLUG continues to be NEGATIVE.
Today's report and call have done nothing to reverse this trend. The story sounds better, but until we see results to prove that the story is true, it is just a story .... with many challenges remaining.
bunda - Only if you stand on your head.
Much Worse Than I Thought !
I can't wait to hear the spin.
Hopefully there are some strong deals to discuss ... Otherwise today will be ugly.
From the 10-K :
2023 (LOSS) ....... 2022 (LOSS)
$1.349 Billion ....... $748, 480 M
Eps : ($2.30) ....... ($1.25 )
As Usual Earnings are Mixed at Best.
2023 (LOSS) 2022 (LOSS)
$1.349 Billion $748, 480 M
The increase in losses ( Not Good) will set the tone for tomorrow . What management says will be important.
Banger - I wonder if part of that is due to 77 Million additional shares PLUG has sold.
That many more share changes the earnings per share metrics.
Good News from the FED on Inflation Growth.
Lifting all boats.
https://finance.yahoo.com/news/feds-preferred-inflation-gauge-logs-lowest-annual-rise-since-march-2021-133219019.html
B_B - The novelty of BEV's is certainly waning. Will other alternatives suffer the same fate ?
Toyota is now offering a $40,000 rebate on the Mirai due to lagging sales.
Just 2 FCEVS were sold in South Korea last month .
NGV cars have ceased production which is now focused on Trucks and Buses.
B_B - Yet another MULAG !
How many Great Deals has PLUG announced, and which have never generated one penny of income?
I have honestly lost count.
Amazing new Highs !
Here is an interesting read :
https://www.technologyreview.com/2024/02/28/1089068/ev-hydrogen-race-cleaner-cars/amp/
B_B - What's the good word from Gibson Island ?
Did Twiggy choose PLUG ?
Apple was never really a car company?
Skit - Hydrogen ICE's are too expensive and they Pollute and there is No Refueling Infrastructure, and won't be for decades.
WTM - Are you asking me ? I love irony.
The answer for this rally is very simple : PLUG is a PUMP & DUMP , and today is the pre-Earnings PUMP.
PLUG might even throw another PR or Two on the fire just to sustain the illusion.
But be assured come Friday / Monday this rally will begin to fade just as the others have.
B_B - It is already February 28, 2024 in Gibson Island.
Steve - It's funny that Andy called for a Short Squeeze, when he knew PLUG would be flooding the market with MILLIONS of new shares.
Not only No Squeeze , but More Dilution.
I love it when a Plan comes together.
Is this the surprise announcement Andy was hinting at ? LOL
Here's an interesting read :
https://www.autoblog.com/2023/11/08/toyota-mirai-hydrogen-refueling/
More BAD NEWS :
From Another Board :
" The laws of physics remain and bat last.
And no, I don't find the fact that these countries are squandering so much money on an unworkable idea dispositive.
I might have twenty years ago, but after watching the world squander trillions on wind and solar which do almost nothing to reduce CO2 on a reliable grid and which cause grids to become vastly more expensive and unreliable I am no longer amazed by such waste.
Every region that has allowed large grid penetration of wind and/or solar has seen large increases in the price of electricity to consumers and declines in reliability. Activists will try to point at the wholesale prices, but that tells you nothing about grid operation. Wind/solar is way to appear to get 15% of your electricity a little cheaper while causing other 85% to double in cost compensating for the unreliability of renewables.
In places like Texas the increase is muted by the confounding decrease in natural gas prices. But in the time frame since 2008, Texas should have seen a 20% decrease in their electricity prices, based on the decline in natural gas prices, but instead we've experience huge increases.
Germany has wasted north of $500B eu. on Energiewende and their CO2 emissions are still above 400 grams of CO2 per KWHr generated. They've doubled the price of electricity in their nation and industry is now leaving in droves rather than pay the high costs and deal with the "demand response" (i.e. third world grid quality blackouts).
Meanwhile, next door in France, CO2 emissions are under 60 grams of CO2 per KWHr generated and electricity costs 1/2 as much. France has the 7th lowest electricity prices in Europe behind some hydro blessed nations.
Ontario is much like France at about 80 grams.
Math.
Spend lots of money, continue to emit vast sums of CO2. How is this good policy?
Yet, with Biden's "Inflation Reduction Act" we're set to throw $1.3T down the toilet imitating the European failure.
This being Seeking Alpha, I will point out that there's money to be made by following the subsidies, as long as they last. That's what XOM is doing."
B_B - This is great news for me and ALL Shorts.
As long as Andy is in charge, Shorts are safe shorting PLUG.
PLUG is running out of cash so fast they had to increase and accelerate the ATM. PLUG is quickly BLEEDING to Death. imo
This is very Serious !
WTM - While we are at it , We need to get rid of Andy as well.
Andy has ZERO Credibility, and analysts chuckle and roll their eyes whenever he speaks and especially when he goes off script.
Paul should have been FIRED with the Accounting Debacle, especially after it took months to correctly account for less than 300 transactions. The FACT that Paul is still here shows that no one wants that job. Especially with this week's numbers.
Ironically, the one guy who should be leading this Train Wreck has left ... Ole.
Steve - We agree : It's funny that Andy called for a Short Squeeze, when he knew PLUG would be flooding the market with MILLIONS of new shares.
Not only No Squeeze , but More Dilution.
I love it when a Plan comes together.
Is this the surprise announcement Andy was hinting at ? LOL
WTM - This is BAD NEWS !
And even WORSE NEWS for a company like PLUG who is only in the Hydrogen Sector.
At least Exxon has its Oil & Gas businesses.
More Bad News :
Hydrogen hub hopes
Last year, Exxon Mobil announced it would be part of a team planning to build the largest clean hydrogen facility in the world in Baytown. Now, the company's executives are warning the project at its refining and petrochemical complex along the Houston Ship Channel might no longer happen, writes reporter James Osbourne.
At issue are draft rules issued by the Treasury Department late last year, which include no incentive to produce clean hydrogen fuel using natural gas with reduced methane emissions.
That would limit Baytown and other proposed blue hydrogen projects, which convert natural gas to hydrogen fuel and store the resulting carbon emissions underground, to the lowest tier of hydrogen tax credit, making them less economic, said Mark Klewpatinond, global business manager for hydrogen at Exxon Mobil.
Exxon is part of the HyVelocity Hub, a coalition of energy companies and nonprofits seeking to develop a clean hydrogen hub in Houston through $1.2 billion in funding from the Department of Energy. The warning from Exxon and other hydrogen developers comes amid questions about whether the tax credit included in 2022's Inflation Reduction Act will be enough to get the nascent industry off the ground.
More Bad News :
From another Board:
"Hydrogen as a fuel makes zero sense. The only way in which any of these schemes will make any money is through government subsidies. As soon as the subsidies stop, or if the support is loans instead of grants, so will the hydrogen.
This is an idea that gets floated once a decade, every decade since at least the 70s and is (in the past) quickly slapped back down where it belongs by the laws of thermodynamics, chemistry and material science.
This time there's massive propaganda money pushing it, certainly in the hopes of generating returns in the form government largesse. Also, it is cover for the wind/solar scheme as the public and even some decision makers are finally realizing that there is no viable battery technology that can make up for the unreliable nature of wind and solar on a reliable grid. So after 20 years of promising magic batteries, they've switched to promising magic hydrogen.
H2 is almost impossible to store, it embrittles most materials, it burns with an invisible flame and it has a ridiculously low volumetric energy content, unless one cools it to temperatures not far off of absolute zero.
The round trip ecomonics of hydrogen are breathtakingly terrible.
The only places where H2 generation makes any sense is for the production of ammonia based fertilizers and to use as feedstock for synthetic hydrocarbon fuels. But in those two cases, the H2 must be used in the same facility in which it is produced. The moment you've committed to transport H2, you've lost all economic feasibility."
It's funny that Andy called for a Short Squeeze, when he knew PLUG would be flooding the market with MILLIONS of new shares.
Not only No Squeeze , but More Dilution.
I love it when a Plan comes together.
Is this the surprise announcement Andy was hinting at ? LOL
B_B - Seriously ? More Demand ?
Have you noticed the share price lately?
There is NO Shortage of PLUG shares to buy. The PLUG share price is in Free Fall because their are many more sellers than buyers. The Saudis ... Even PLUG is Dumping.
Nice try. You do better posting old , outdated information than you do trying to post lame spins.
B_B - Pretty Bleak !
OLD NEWS ?
Even PLUG is Dumping shares !
New 52 WEEK LOWS ? Very Soon.
B_B - PLUG is running out of cash so fast they had to increase and accelerate the ATM. PLUG is quickly BLEEDING to Death. imo
This is very Serious !
PLUG NEWS ONLY GETS WORSE !
"There is a reason Plug attached a legal opinion to the 8k.....imagine Plug management directed B Riley to sell $11 mill of securities every day since Jan 17, knowing only $10 mill could only be sold every other day to a max $30 mill per week......essentially $25mill per week of securities were sold that were not registered to be sold...and management knowingly engaged in the practice." This is very serious !
PLUG is running out of cash so fast they had to increase and accelerate the ATM. PLUG is quickly BLEEDING to Death. imo