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Nice Chart !
Just like Yesterday !
HEARD IN THE CORNER OFFICE IN LATHAM, NY:
(Thursday 5:01 pm)
ANDY : Everybody, in my office, Now !
ANDY : OK, What is our plan for Damage Control. When we announce 2023 Financials ?
PR: Well Boss, we are going to tell them about a bunch of little deals. Flood the airwaves with news.
ANDY : That sounds good, what about the Major Announcement, do we have anything?
PR : That’s gunna be a problem Boss, since the Update call, we have nothing Major happening…. Can we just say that the Major Announcement will be coming in conjunction with the Symposium…
ANDY: Yeah, that worked before with the Mega-Deal we never did… We can say it’s still in the works … They may not like it, but it gives us some time.
PR: Yes, and we have already got the run up in the share price, by just announcing the auto company and Uline deals.
ANDY: (After PR leaves the room) Fire those PR idiots, they have totally mishandled this Earnings thing and the market is going to jump all over us. And our share price gets crushed every time we issue a Press Release.
ANDY : And who puts out a PR on a Major Deal and leaves out the Customer's Name ?
ruke - Wow. An Expensive Hydrogen Fueled Engine that POLLUTES ! And costs $200 to refuel ?
Can this news get any better ?
Toyota is paying you to buy their Mirai already. Now we can get one that Pollutes ?
So much for ZEV.
We knew this PR was coming:
Max - Without some positive news, we will be below $3.00 BEFORE the Earnings Report.
Tomorrow will be interesting, because the sharks are dining on the carcass, but there will be some Friday profit-taking.
B_B - Nope. There is some Serious BAD NEWS Coming.
Q-4 Earnings. 2023 Audited Financials.
New Debt. Dilution. Toxic Finance.
B_B - It could get even WORSE.
B_B - Another long dated deal , so far out into the future it won't matter.
This is so typically PLUG.
Another Mulag. Another Linde Truck deal.
Another Gaussin.
Another Nothing Burger.
Max - Without some positive news, we will be below $3.00 BEFORE the Earnings Report.
Tomorrow will be interesting, because the sharks are dining on the carcass, but there will be some Friday profit-taking.
MORE BAD NEWS !
Read this and weep ! EPS -46%
https://finance.yahoo.com/news/plug-power-inc-plug-attracting-140016618.html
Does PLUG ever go DOWN on Fridays ?
WTM - Wrong Board.
Nevertheless, The weighted average for the entire year is less than the Fourth Quarter, because NKLA has been adding shares as the year went on, and it looks like most of these were added in Q-4.
Max - Your understanding is wrong.
Amazon wants these ONLY at a LIMITED NUMBER of there facilities. Think distribution centers with 24/7 operations and fuel cell powered material handling.
Max - Thank you for proving my point.
The Microsoft and Amazon machines are trials. We all know that the machines work, but the numbers don't.
In a competitive world, there are many applications where the PLUG machines work, but the real world economics don't. On Road Vehicles, GSE's, Back- Up generation are just a few examples.
Max - We agree. But whatever the application, there is strong economic pressure on Hydrogen pricing.
We have already witnessed how hydrogen pricing has hurt PLUG's bottom line, even though H-2 is just a small component of PLUG's portfolio.
I think other hydrogen users are also feeling the pinch of high H-2 costs, especially compared to other alternatives.
I don't see hydrogen (Fuel and Most Applications) being viable until 2030. Think GSE's. There are strong reasons why GSE's failed.
More Bad News !
A $40,000 Rebate ? No one wants a hydrogen car ? $200+ to fill up ? $0.50+ per mile ?
https://jalopnik.com/toyota-offers-40-000-discount-on-a-car-most-people-can-1851272189
And the number of hydrogen stations keeps shrinking !
B_B - So PLUG is riding someone else's coattails?
Is that sustainable ? At least it's not RED for a change.
We all know that every PLUG Rally fades within days.
Steve - Two more options that are better investments than PLUG!
B_B - You are just guessing again, and so far ALL of your guesses have been WRONG.
My guess is that this is another survival situation, and PLUG is giving them a deal which will end up costing shareholders.
I'll be sure to remind you of your Q-4 guesses on the First.
FUNNY !
The PR tells us how big the plant is, but omits the important metrics like the NAME of the customer; The SIZE of the Deal; The VALUE of the Deal; The TIMING.
When will the deal begin to affect the bottom line ?
Typical PLUG PR. Worthless.
stew - Do you think the customer (FORD) doesn't want their name associated with PLUG ? LOL
B_B - Unlike PLUG, these companies WON'T give back their gains.
EVERY PLUG RALLY HAS FADED !
5 years ago, I bought LINDE ... because I like Hydrogen.
The Day of Reckoning :
Date: Friday, March 1, 2024
Time: 8:30 am ET
Toll-free: 877-407-9221 / +1 201-689-8597
Direct webcast: https://event.webcasts.com/starthere.jsp?ei=1655050&tp_key=5d9634a1a2
https://ih.advfn.com/stock-market/NASDAQ/plug-power-PLUG/stock-news/93326560/plug-to-announce-2023-fourth-quarter-and-year-end
LAME NEWS :
https://ih.advfn.com/stock-market/NASDAQ/plug-power-PLUG/stock-news/93326571/plug-finalizes-contract-to-support-a-major-u-s-au
A weak attempt to stop the bleeding. Not enough to reverse the DOWNWARD trend.
Here's an interesting read :
https://www.topspeed.com/how-much-costs-to-refill-hydrogen-powered-toyota-mirai/
B_B - From Another Board :
Our 4th quarter numbers will make my dog puke.
The only thing to keep this above $3.00 would be strong forward guidance which nobody will believe anyways but that's our only hope for now.
Pain.
B_B - How can Q-1 be positive ?
Hydrogen production is still not fully operational or at full capacity.
And there will be no BIG orders until the 45 v rules are finalized.
In spite of what Paul and Andy say, we have very strong reasons why Q-1 will just be more of the same.
Mixed results at best .
Long LIN. Short PLUG. Life is good.
WTM - 24 Subscribers ? Too Funny !
Did you see that RNG got a major favorable change ?
Did you see that LINDE hit New ALL TIME HIGHS today ?
There are some great alternative energy investments ... I don't think PLUG is one of them.
WTM - Hydrogen Service Vehicles sound prohibitively expensive.
WTM - That is just one vehicle, and NOT a valid industry average. If with different Toyota Engines the range of efficiencies varies greatly.
I would hardly use your example as the yardstick.
And with hydrogen costing $35.00 at the pump, I don't see a compelling economic reason to use hydrogen in a Fuel Cell or in an ICE.
Gary - That's a tough question to answer, because the correct answer is ... It depends ... on many factors. Your question is like asking if all 2.0 litre engines produce the same horsepower.
And why do you mention efficiency ? The decision criteria is economics NOT efficiency. Think Dollars/Cents per mile, and Total cost per mile.
To give you a for instance : The most efficient power plant in Germany never runs, because although it is very efficient, the power it produces costs twice as much as the next best system. And because Germany dispatches power on an economic cost basis, it never runs.
So Amazon, USPS, FedEx weigh which green solution yields the biggest bang for their Buck which in many places is NOT Hydrogen.
tdtcal - In Europe the economics for last mile hydrogen vehicles might be better than in the US.
In the US, Amazon, USPS, have already elected to go with BEV's for last mile vans.
For long-haul , heavy loads, we see the entire spectrum being tested. BEV's, Hydrogen (ICE), NGV's , FCEV's.
I recall how well the first FedEx tests went. Nothing ... Too Expensive.
WTM - Allow me to Translate :
Where is the Library ?
Ouch
Old News?
If you are LONG , You have to be Worried.
Bloom's Earnings overall weren't so bad, and will be much better than PLUG's in comparison.
We could see a $1-$2 DROP when PLUG releases Q-4 Earnings. Bad News plus the Downgrades will be brutal.
skitahoe - If you are in your Eighties, PLUG may not be the investment for you.
The next time PLUG sees $50, you may not be around.
The hydrogen adoption/growth rate is already stalling, just like BEV's.
I would look for a tech stock for a quick jump and if you want best in breed for hydrogen, I hold Linde. 5 years of positives and increasing share price which will continue as long as you do.
tdtcal - Just the Truck facility in Long Beach
Banger - Not LINDE. And LINDE was up more than $10.00 per share today.
GOOD FOR ME !
APD - being a US based company was manipulated going into earnings. Someone is profiting.