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Fuel Cell ZeroEmission Forklift Fleet At Walmart Canada
.....
Walmart chose to deploy Plug Power GenDrive® units to power
its entire fleet of 95-electric lift trucks at this greenfield site
.....
As an indicator of the fleet’s performance, the hydrogen fuel cell
technology powering Balzac’s entire fleet has also been installed
at two other Walmart distribution centers in Cornwall, Ontario and
Bartlesville, Oklahoma. The three sites have about 500 units in total.
https://www.ballard.com/docs/default-source/motive-modules-documents/material-handling-case-study-website.pdf?sfvrsn=6e51c280_6
Walmart Canada Becomes the First Major Retailer in Canada to Introduce a Hydrogen Fuel Cell Electric Semi-Truck
Published June 27, 2024
MISSISSAUGA, ON – June 27, 2024 – Walmart Canada’s new hydrogen fuel cell-powered electric semi-truck is now on the roads in Mississauga, Ontario as the retailer continues its ambitious journey towards a 100% alternatively-powered fleet.
https://www.nikolamotor.com/walmart-canada-becomes-the-first-major-retailer-in-canada-to-introduce-a-hydrogen-fuel-cell-electric-semi-truck
Walmart Canada has been using Plug Power’s forklifts and hydrogen infrastructure since 2010.
I think without Plug’s existing hydrogen infrastructure, there would be a problem for Walmart Canada and Nikola to introduce the fuel cell truck.
Plug’s warehouse hydrogen infrastructure will help accelerate the adoption of fuel cell vans and trucks.
No hydrogen chicken and egg problem.
Maybe AMC returns to Russell 2000.
Maybe Plug Power returns to Russell 2000.
After-Hours Volume 8,825,973
After-Hours Volume 21,425,052
June 28 is Russell Recon Day. The indices are rebalanced at the close of the U.S equity markets and investment managers adjust their holdings, trading approximately $130 billion in equities on the close.
On July 1, newly reconstituted Russell U.S. indices are calculated and disseminated.
https://www.cboe.com/insights/posts/what-to-know-heading-into-ftse-russells-36th-annual-russell-reconstitution/#:~:text=June%2028%20is%20Russell%20Recon,indices%20are%20calculated%20and%20disseminated.
Market capitalization ranges
Index membership and rankings are determined using total market capitalizations as of Reconstitution rank date, April 30, 2024.
NUMBER OF SECURITIES HIGH LOW
Russell 3000 3,023 $2,893.6B $150.4M
Russell 1000 1,013 2,893.6B $2.4B
Russell 2000 2,010 7.1B 150.4M
https://www.cmegroup.com/articles/2024/tap-into-small-cap-stocks-through-the-russell-2000-reconstitution.html
June 28 is Russell Recon Day. The indices are rebalanced at the close of the U.S equity markets and investment managers adjust their holdings, trading approximately $130 billion in equities on the close.
On July 1, newly reconstituted Russell U.S. indices are calculated and disseminated.
https://www.cboe.com/insights/posts/what-to-know-heading-into-ftse-russells-36th-annual-russell-reconstitution/#:~:text=June%2028%20is%20Russell%20Recon,indices%20are%20calculated%20and%20disseminated.
Market capitalization ranges
Index membership and rankings are determined using total market capitalizations as of Reconstitution rank date, April 30, 2024.
NUMBER OF SECURITIES HIGH LOW
Russell 3000 3,023 $2,893.6B $150.4M
Russell 1000 1,013 2,893.6B $2.4B
Russell 2000 2,010 7.1B 150.4M
https://www.cmegroup.com/articles/2024/tap-into-small-cap-stocks-through-the-russell-2000-reconstitution.html
Maybe Andy knows that the less stringent 45V rules will be announced before Plug’s Q2’24 results (August 2024).
Plug Power to recognise unconfirmed US hydrogen tax credits to boost finances
By Charlie Currie on Jun 28, 2024
Plug Power says it intends to recognise US federal tax credits for green hydrogen it is producing at a facility in Georgia in its financial results despite rules for the incentives remaining undetermined.
Under the Inflation Reduction Act’s (IRA) 45V clean hydrogen production tax credit (PTC), hydrogen producers can gain up to $3/kg of hydrogen.
Despite rules for producers being proposed by the Treasury last December, the criteria have not been confirmed, with many expecting them to be finalised after November’s presidential election.
.....
https://www.h2-view.com/story/plug-power-to-recognise-unconfirmed-us-hydrogen-tax-credits-to-boost-finances/2111746.article/
Plug Power will recognise hydrogen production tax credits in financial reports before 45V rules are finalized
Leigh Collins Published 28 June 2024
US hydrogen company says it will receive the 45V clean hydrogen production tax credit from the US government for the output from its recently completed green H2 project in Woodbine, Georgia — even though the rules for eligible projects have yet to be finalised by the US Treasury Department.
“[Plug] intends to recognise the benefits intends to recognize the benefits of the Inflation Reduction Act’s (IRA) Section 45V Credit for the Production of Clean Hydrogen (PTC) in its forthcoming quarterly financial reports,” it stated in a press release.
…..
https://www.hydrogeninsight.com/production/plug-power-will-recognise-hydrogen-production-tax-credits-in-financial-reports-before-45v-rules-are-finalised/2-1-1668908
The hydrogen facility in Louisiana has been delayed again, I think.
a 15 TPD liquid hydrogen facility in Louisiana scheduled to be operational by the end of 2024
Plug to Receive Federal Clean Hydrogen Production Tax Credit at Georgia Hydrogen Facility
June 28, 2024
https://www.ir.plugpower.com/press-releases/news-details/2024/Plug-to-Receive-Federal-Clean-Hydrogen-Production-Tax-Credit-at-Georgia-Hydrogen-Facility/default.aspx
But those learnings we're integrating into Saint Gabriel's today, which will be online in the third quarter, beginning of fourth quarter
Transcript of Plug Power 2024 Annual Shareholder Meeting on June 05, 2024
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174566196
Our ambitions continue with the initiation of a joint venture with Olin at Saint Gabriel, Louisiana, poised to further assert our leadership in the liquid hydrogen production world with its upcoming operation expected in the third quarter.
Plug Power (PLUG) Q4 2023 Earnings Call Transcript – Mar 1, 2024
https://www.fool.com/earnings/call-transcripts/2024/03/01/plug-power-plug-q4-2023-earnings-call-transcript/
I don't understand, it's strange.
Thank you very much for the Transcript!!!
intends to recognize the benefits of the Inflation Reduction Act’s (IRA) Section 45V Credit for the Production of Clean Hydrogen (PTC) in its forthcoming quarterly financial reports
Plug to Receive Federal Clean Hydrogen Production Tax Credit at Georgia Hydrogen Facility
June 28, 2024
https://www.ir.plugpower.com/press-releases/news-details/2024/Plug-to-Receive-Federal-Clean-Hydrogen-Production-Tax-Credit-at-Georgia-Hydrogen-Facility/default.aspx
But through our discussions with the authors of the legislation, we expect the regulations to be adjusted to reflect the true congressional intent of the bill. We expect this post the election
Transcript of Plug Power 2024 Annual Shareholder Meeting on June 05, 2024
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174566196
Another strange “Press Release”, it’s misleading, I think.
Plug to Receive Federal Clean Hydrogen Production Tax Credit at Georgia Hydrogen Facility
June 28, 2024
LATHAM, N.Y., June 28, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, which began commercial operation of its electrolytic hydrogen facility in Woodbine, Ga. earlier this year, intends to recognize the benefits of the Inflation Reduction Act’s (IRA) Section 45V Credit for the Production of Clean Hydrogen (PTC) in its forthcoming quarterly financial reports. Plug will be one of the first producers of clean hydrogen in the United States that anticipates utilizing this new incentive enacted by an Act of Congress and signed by President Biden.
The PTC offers a production credit of up to $3.00 per kilogram for clean hydrogen (H2) produced in the U.S., providing a substantial financial incentive for hydrogen production in the U.S, substantially lowering the cost of hydrogen production in the U.S. market. This incentive allows newer, cleaner technologies, such as electrolytic hydrogen, which is produced from water, to be more cost competitive with incumbent fossil fuel technologies.
With the passage of the IRA, the U.S. government has made it clear that clean hydrogen is essential to decarbonizing hard-to-abate industries, combat global climate change, improve U.S. energy security, and build a domestic clean energy manufacturing economy.
In the case of Plug’s fuel operations and sales of fuel to its customers, this benefit will provide a meaningful reduction in the Company’s fuel costs. This benefit is one of the key factors that will enable Plug to drive overall fuel margin to a break even run rate by end of the year and positions Plug for growing positive fuel margins in 2025 and beyond.
"Government support for clean hydrogen is critical to achieving global mid-century decarbonization goals,” stated Plug CEO Andy Marsh. “By leveraging these incentives, we can scale our hydrogen production capabilities and catalyze industry-wide technological advancements. The use of the PTC will drive innovation and investment in clean hydrogen solutions, which are essential for a sustainable future.”
Plug’s 15 ton-per-day (TPD) Georgia facility is the largest electrolytic liquid hydrogen production plant and largest PEM electrolyzer in the U.S. representing a landmark achievement in Plug’s build-out of a vertically integrated hydrogen ecosystem.
In addition to its hydrogen plant in Georgia, Plug is expanding its presence with an already existing 10 TPD plant in Tennessee, and a 15 TPD liquid hydrogen facility in Louisiana scheduled to be operational by the end of 2024. Plug also has a pipeline of future plant developments across the United States and is actively engaged with key strategic suppliers to facilitate the expansion of its green hydrogen network and to achieve cost-effectiveness in green hydrogen production at scale.
Plug intends to fully pursue and utilize the transformative Section 45V framework as it continues to develop, construct, and operate hydrogen generation facilities across the U.S.
https://www.ir.plugpower.com/press-releases/news-details/2024/Plug-to-Receive-Federal-Clean-Hydrogen-Production-Tax-Credit-at-Georgia-Hydrogen-Facility/default.aspx
Walmart Canada Becomes the First Major Retailer in Canada to Introduce a Hydrogen Fuel Cell Electric Semi-Truck
Published June 27, 2024
Plug Power Announces Hydrogen and Fuel Cell Expansion With Walmart Canada
June 02, 2015
https://www.ir.plugpower.com/press-releases/news-details/2015/Plug-Power-Announces-Hydrogen-and-Fuel-Cell-Expansion-With-Walmart-Canada-2015-6-2/default.aspx
‘A Quiet Place: Day One’: Review
BY TIM GRIERSON 27 JUNE 2024
…..
Paramount has set a June 28 release date for the UK and US, the studio hoping to extend a franchise that has grossed more than $638 million worldwide over the first two films.
…..
https://www.screendaily.com/a-quiet-place-day-one-review/5194935.article
EXCLUSIVE | 'Strict green hydrogen additionality rules could slice two thirds off the value of US subsidies': Plug Power
Production tax credit will not be enough for many projects without nuclear and hydro access, senior executive tells Hydrogen Insight webinar
Rachel Parkes 27 June 2024
US regulators risk undermining the country’s generous green hydrogen subsidy programme with over-zealous regulations that will push up costs — and eat into the value of the $3/kg production tax credit (PTC), a senior executive from electrolyser maker and green hydrogen producer Plug Power has told a webinar hosted by Hydrogen Insight.
Speaking at the Hydrogen Insight Summit 2024 yesterday (Tuesday), Don Boyajian, director of government affairs and counsel at Plug Power, warned that the US government’s proposed “three pillars” of additionality and temporal and geographic correlation (see panel below) would push up costs by around $2/kg.
.....
https://www.hydrogeninsight.com/policy/exclusive-strict-green-hydrogen-additionality-rules-could-slice-two-thirds-off-the-value-of-us-subsidies-plug-power/2-1-1667560
Any mention of PLUG ?
Plug is waiting for Fertiglobe and the Egyptians are in a hurry.
‘Egypt Green’ Hydrogen: Q2 Fid
3 May 2024 By:James Cockayne
Fertiglobe, the Adnoc-Orascom JV that partners Egyptian construction firm Orascom and Norway’s Scatec at Egypt’s most advanced green hydrogen project, says in its freshly-released 2023 report that a final investment decision is “expected in H1 2024.”
.....
https://www.mees.com/2024/5/3/news-in-brief/egypt-green-hydrogen-q2-fid/7b72a990-0965-11ef-aa0f-87b42f739444
H2 Energy Europe Gets Building Permit for 1-GW Danish Green H2 Project
10 Jun 2024 by Reuters
H2 Energy Europe has obtained the building permit for its 1-GW green hydrogen project in the Danish seaport town of Esbjerg, it announced on Monday.
.....
https://www.world-energy.org/article/42805.html
A 1GW green hydrogen project in the Danish port city of Esbjerg has been granted environmental approval, bringing it a step closer to reaching a final investment decision (FID).
The plant’s developer H2 Energy plans to install 50 proton exchange membrane (PEM) electrolysers supplied by US manufacturer Plug Power and start operations in the second half of 2025.
12 January 2024
https://hydrogeneurope.eu/giant-green-h2-project-in-denmark-secures-construction-green-light/
Green hydrogen: electrolyser innovation ahead of consolidation
By Arthur Delargy on Jun 27, 2024
https://www.h2-view.com/feature/green-hydrogen-electrolyser-innovation-ahead-of-consolidation/2111601.article/
Egyptian fertiliser major to switch to hydrogen amid natural gas shortage
By Charlie Currie on Jun 27, 2024
One of Egypt’s largest fertiliser firms will start partially replacing natural gas with hydrogen at its production facilities amid shortages of the fossil gas.
Abu Qir Fertilizers today (June 27) revealed its board unanimously approved the measure after natural gas supply troubles have plagued its operations over the past month.
Earlier this week, the company among other major fertiliser and chemical players had to halt production due to natural gas shortages.
.....
https://www.h2-view.com/story/egyptian-fertiliser-major-to-switch-to-hydrogen-amid-natural-gas-shortage/2111642.article/
what if 45V never gets approved?
President Biden and former President Donald Trump will participate in the first presidential debate of the 2024 election on Thursday at 9 p.m. ET.
SHORT INTEREST 188.37M (06/14/24)
% OF FLOAT SHORTED 27.62%
SHORT INTEREST 185.09M (05/31/24)
% OF FLOAT SHORTED 27.14%
SHORT INTEREST 192.28M (05/15/24)
% OF FLOAT SHORTED 28.39%
SHORT INTEREST 191.35M (04/30/24)
% OF FLOAT SHORTED 30.14%
SHORT INTEREST 185.36M (04/15/24)
% OF FLOAT SHORTED 29.70%
SHORT INTEREST 183.77M (03/28/24)
% OF FLOAT SHORTED 29.82%
SHORT INTEREST 172.19M (03/15/24)
% OF FLOAT SHORTED 27.94%
SHORT INTEREST 159.83M (02/29/24)
% OF FLOAT SHORTED 25.93%
SHORT INTEREST 170.84M (02/15/24)
% OF FLOAT SHORTED 31.33%
SHORT INTEREST 183.89M (01/31/24)
% OF FLOAT SHORTED 34.07%
SHORT INTEREST 158.33M (01/12/24)
% OF FLOAT SHORTED 29.35%
SHORT INTEREST 161.5M (12/29/23)
% OF FLOAT SHORTED 29.94%
SHORT INTEREST 158.44M (12/15/23)
% OF FLOAT SHORTED 29.37%
SHORT INTEREST 155.38M (11/30/23)
% OF FLOAT SHORTED 28.82%
SHORT INTEREST 149.47M (11/15/23)
% OF FLOAT SHORTED 27.73%
SHORT INTEREST 144.63M (10/31/23)
% OF FLOAT SHORTED 26.99%
SHORT INTEREST 127.83M (09/29/23)
% OF FLOAT SHORTED 23.85%
SHORT INTEREST 133.78M (09/15/23)
% OF FLOAT SHORTED 24.97%
SHORT INTEREST 120.69M (08/31/23)
% OF FLOAT SHORTED 22.53%
SHORT INTEREST 118.8M (08/15/23)
% OF FLOAT SHORTED 22.17%
SHORT INTEREST 111.75M (07/31/23)
% OF FLOAT SHORTED 20.91%
SHORT INTEREST 127.12M (07/14/23)
% OF FLOAT SHORTED 23.78%
SHORT INTEREST 120.85M (06/30/23)
% OF FLOAT SHORTED 22.61%
SHORT INTEREST 115.51M (06/15/23)
% OF FLOAT SHORTED 21.61%
SHORT INTEREST 120.08M (05/31/23)
% OF FLOAT SHORTED 22.50%
SHORT INTEREST 116.73M (05/15/23)
% OF FLOAT SHORTED 21.87%
SHORT INTEREST 105.98M (04/28/23)
% OF FLOAT SHORTED 19.86%
SHORT INTEREST 100.58M (04/14/23)
% OF FLOAT SHORTED 19.07%
SHORT INTEREST 92.76M (03/31/23)
% OF FLOAT SHORTED 17.63%
SHORT INTEREST 88.13M (03/15/23)
% OF FLOAT SHORTED 16.75%
SHORT INTEREST 80.72M (02/28/23)
% OF FLOAT SHORTED 15.33%
Is Plug telling investors to stay tuned?
Strange “Press Release” yesterday!
Plug attended the same conference last year (2023) without issuing a press release about it.
9th Annual Roth London Conference
June 20-22, 2023 - London
Held at the Four Seasons Hotel London at Park Lane in London, UK from June 20th through June 22nd, 2023. The 9th Annual Roth London Conference will give investors the opportunity to meet with executive management from approximately 70 companies in a variety of sectors including: Sustainability and Technology.
.....
Plug Power Inc. (NASDAQ: PLUG)
.....
https://events.investorbrandnetwork.com/2023/roth-london/n-z.php
Press Releases
Select Year: 2023
…..
July 10, 2023
Plug Power Announces Changes to Board of Directors
June 27, 2023
Plug Power to Design and Deliver 10MW PEM Electrolyzer to HOPE Project
June 14, 2023
Plug Power Hosts Analyst Day to Showcase Revenue Growth Opportunities and Operational Scale at Gigafactory
…..
https://www.ir.plugpower.com/Press-Releases/default.aspx
AMC has been negotiating with lenders for months. Hopefully, an agreement will be reached in the coming days/weeks.
AMC Cinema Lenders Pitch Debt Extension to Troubled Movie Chain
Reshmi Basu, Eliza Ronalds-Hannon, Thomas Buckley April 25, 2024
A lender group to AMC Entertainment Holdings Inc. advised by Gibson Dunn & Crutcher made a proposal to the movie theater company that would push back its near-term debt maturities, according to people familiar with the matter.
…..
https://news.bloomberglaw.com/bankruptcy-law/amc-cinema-lenders-pitch-debt-extension-to-troubled-movie-chain
AMC Stock: Why Lenders Are Meeting to Discuss AMC’s Debt
By Josh Enomoto Mar 25, 2024
…..
This past Friday, the company’s senior lenders held a call to discuss efforts to “bolster the company’s balance sheet,” according to insiders. Per a Bloomberg report, people familiar with the matter stated that AMC is weighing options on how to tackle its debt. The deliberations are “at an early stage and no final decision has been made.”
…..
https://investorplace.com/2024/03/amc-stock-why-lenders-are-meeting-to-discuss-amcs-debt/
Fun Facts
Amazon Marketing Cloud (AMC)
PRIME at AMC (sit back and see the difference in your movie experience)
Strange “Press Release” yesterday, old news.
Plug Reaches 7.5 GW in BEDP Contracts for Global Electrolyzer Projects
June 25, 2024
https://www.ir.plugpower.com/press-releases/news-details/2024/Plug-Reaches-7.5-GW-in-BEDP-Contracts-for-Global-Electrolyzer-Projects/default.aspx
“In total, we now have 7.5 GW of BEDP contracts globally to support our growth targets.”
Plug Signs 3 GW BEDP Contract with Allied Green Ammonia for Electrolyzer Project in Australia
May 16, 2024
https://www.ir.plugpower.com/press-releases/news-details/2024/Plug-Signs-3-GW-BEDP-Contract-with-Allied-Green-Ammonia-for-Electrolyzer-Project-in-Australia/default.aspx
We continue to track new orders in our previously disclosed 7.5 GW pipeline of near-term projects approaching FID.
Plug Reports Third Quarter 2023 Results with Revenue of $199M
November 9, 2023
https://s29.q4cdn.com/600973483/files/doc_financials/2023/q3/3Q23-Investor-Letter-w-tables-11-9-2023-FINAL1-LOAD.pdf
Plug Power’s leaders are optimistic, committed to a future in Monroe County after reorganization
Andrea Deckert//June 25, 2024
Plug Power is doubling down on its Monroe County site, expanding operations and adding staff there, as the Albany County-based business takes steps to streamline operations and increase efficiencies.
…..
While the Monroe County site will benefit from the changes, Plug’s proposed $677 million project at the Western New York Science & Technology Advanced Manufacturing Park (STAMP) in Genesee County, is now on hold, as a result.
…..
https://rbj.net/2024/06/25/plug-powers-leaders-are-optimistic-committed-to-a-future-in-monroe-county-after-reorganization/
Until then, AMC stock will move sideways (I think).
I hope before Q2'24.
How to acquire AMC without causing a meme-stock rally?
I’m waiting for Jeff Bezos to call Adam Aron after AMC cut its debt.
Until then, AMC stock will move sideways (I think).
Apple & Amazon “Very Pleased” With Theatrical Box Office Results, Cinemark CEO Sean Gamble Says; Streaming And Concert Films Could Soon Give Theaters “More Content Than Ever”
By Dade Hayes November 3, 2023
https://deadline.com/2023/11/apple-amazon-box-office-cinemark-streaming-1235591919/
Streaming Giant Amazon Goes Back to the Future With Its First Traditional Movie Theater
By Jack Witthaus December 14, 2022
Amazon is breaking more new industry ground by opening its first cinema, in Culver City, California, as the high-tech retailer and streaming entertainment giant embarks on a push into having its films shown in traditional movie theaters.
https://www.costar.com/article/884404192/streaming-giant-amazon-goes-back-to-the-future-with-its-first-traditional-movie-theater
Amazon Closes $8.5 Billion Acquisition of MGM
By Jennifer Maas Mar 17, 2022
https://variety.com/2022/tv/news/amazon-mgm-merger-close-1235207852/
Behind Apple and Amazon’s Billion-Dollar Bet on Movie Theaters
Two of the world’s largest technology companies are counting on a 100-year-old idea to help their streaming services.
By Lucas Shaw 27 maart 2023
.....
Why Apple and Amazon are now embracing theaters
The simplest answer for Apple and Amazon is that they had to promise a theatrical release in order to win certain projects. Like Netflix before them, Apple and Amazon are still proving themselves as movie distributors.
…..
But talent relations isn’t the only reason for these tech giants to use theaters. There is a compelling business rationale as well: marketing.
Apple TV+ has about one-eighth as many users as Netflix. Amazon’s video service accounts for less than half of the viewership of Netflix in the US. If you are going to spend nine figures on a single movie and you don’t have a large and engaged streaming audience, you need to find a way to make sure more people see the film.
When studios release movies in theaters, they tend to spend millions of dollars to promote the title and drive people to leave their homes opening weekend. That generates awareness for the title, which often benefits the film when it appears on streaming service a month or two later.
Marketing is a big reason most people in Hollywood still believe movies need a theatrical release to be an “event.”
…..
https://www.bloomberg.com/news/newsletters/2023-03-26/why-apple-amazon-are-making-1-billion-bets-on-movie-theaters
Amazon M&A rumor on March 29, 2023 and Adam Aron post on March 30, 2023.
Our friends at Amazon Studios have made a truly wonderful movie about the true story of Nike and a young Michael Jordan.
March 30,2023
https://www.instagram.com/ceoadams/p/CqanoZtsHsU/
AMC Entertainment shares jump on report Amazon exploring a deal
By Reuters March 29, 2023
https://www.reuters.com/business/retail-consumer/amc-entertainment-shares-jump-report-amazon-exploring-deal-2023-03-28/
Adam Aron
@CEOAdam
Nov 24, 2022
Unconfirmed press reports that Amazon will release movies theatrically in 2023 made my Thanksgiving a great one.
Unconfirmed press reports that Amazon will release movies theatrically in 2023 made my Thanksgiving a great one. I hope yours is fabulous too. HAPPY THANKSGIVING to you all! There is much to be thankful for, including that the worst of the horrid Covid-19 appears to be behind us. pic.twitter.com/IYwu7RWjHy
— Adam Aron (@CEOAdam) November 24, 2022
Citi Forecasts Oil Price Drop to $60s by 2025
By Tsvetana Paraskova - Jun 22, 2024
- Citi is one of the most prominent bears among major banks, expecting oil to drop into the $70s range later this year.
- Citi sees oil trading in the $60s range in 2025.
- Citi sees lower prices as they expect inventories to build in the fourth quarter of 2024.
Citi predicts that oil prices will plummet to the $60s range by 2025 as inventories build following a tight market this summer, signaling a bearish outlook despite current robust demand and higher prices.
.....
While the group has signaled willingness to begin unwinding part of the current supply cuts, the cartel and its non-OPEC allies led by Russia are unlikely to leave oil prices lingering in the low $70s and plunging to the $60s, as none of the alliance's producers can balance their budgets at these relatively low prices.
https://oilprice.com/Energy/Energy-General/Citi-Forecasts-Oil-Price-Drop-to-60s-by-2025.html
Why US Towns are Changing Lanes from Electric to Hydrogen Buses
June 23, 2024 By ERIN KILGORE
In the evolving landscape of public transportation, the shift from traditional diesel-powered buses to more sustainable alternatives is gaining momentum. While electric buses have been at the forefront of this transition, many US towns are now reconsidering their strategies and turning to hydrogen fuel cell buses. This shift is driven by various operational needs, environmental concerns, and technological advancements.
…..
Conclusion
The shift from electric to hydrogen buses represents a significant evolution in public transportation. Hydrogen fuel cell buses offer extended range, better performance in extreme conditions, and faster refueling times, making them a compelling alternative to electric buses. As more US towns and transit agencies explore this technology, the future of public transportation looks poised for a hydrogen-powered revolution.
https://www.hydrogenfuelnews.com/hydrogen-buses-us-towns/8565333/
‘Egypt Green’ Hydrogen: Q2 Fid
3 May 2024 By:James Cockayne
Fertiglobe, the Adnoc-Orascom JV that partners Egyptian construction firm Orascom and Norway’s Scatec at Egypt’s most advanced green hydrogen project, says in its freshly-released 2023 report that a final investment decision is “expected in H1 2024.”
.....
https://www.mees.com/2024/5/3/news-in-brief/egypt-green-hydrogen-q2-fid/7b72a990-0965-11ef-aa0f-87b42f739444
I think Adam Aron is making AMC stronger and more attractive to buyers.
Hopefully Amazon is interested.
AMC Starts Talks With Lenders to Cut Debt, Extend Maturities
Reshmi Basu and Thomas Buckley Fri, Jun 21, 2024
The discussions come as AMC, the world’s largest movie theater chain, is staring down a debt load of about $4.5 billion of long-term borrowings. As of March 31, it had more than $2.8 billion of maturities due in 2026, according to regulatory filings, including a $1.9 billion term loan and nearly $1 billion of second-lien notes.
…..
https://finance.yahoo.com/news/amc-starts-talks-lenders-cut-195330339.html
AMC debt extension would be 'key' as company looks to clean up balance sheet, says Wedbush
Apr 29, 2024 By James Rogers
.....
"Given the limited opportunity to convert leased movie theaters into other businesses in a downside scenario, we believe it makes sense for lenders and landlords to proactively work with the company to provide a path forward as the industry continues to recover and benefit from an improved relationship with studios as the preferred first release window for content," Wold added. AMC and Gibson Dunn & Crutcher have not yet responded to a request for comment on this story.
.....
https://www.morningstar.com/news/marketwatch/2024042959/amc-debt-extension-would-be-key-as-company-looks-to-clean-up-balance-sheet-says-wedbush
AMC Entertainment shares jump on report Amazon exploring a deal
By Reuters March 29, 2023
March 28 (Reuters) - Shares of AMC Entertainment Holdings Inc (AMC.N), opens new tab jumped as much as 21% on Tuesday, following a report that ecommerce giant Amazon.com Inc (AMZN.O), opens new tab was looking to buy the theater chain.
Amazon founder Jeff Bezos has dispatched his investment advisers and top entertainment chiefs to explore acquisition plans for AMC, entertainment industry news website The Intersect reported, citing sources familiar with the discussions.
…..
https://www.reuters.com/business/retail-consumer/amc-entertainment-shares-jump-report-amazon-exploring-deal-2023-03-28/
Amazon Is Investing in Movie Theater Releases – And That Could Be Very Bullish News For AMC Stock
Amazon is expected to invest heavily in theatrical film releases starting next year. Here's how AMC stands to be a big beneficiary.
BERNARD ZAMBONIN NOV 28, 2022
- According to a recent Bloomberg report, internal sources at Amazon say the company plans to invest $1 billion in theatrical film releases.
- As AMC's management pointed out during the company’s latest earnings report, film production is the single most important factor affecting the theater chain’s overall success.
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https://www.thestreet.com/memestocks/amc/amazon-investing-movie-theater-releases-bullish-news-amc
AMC Entertainment Shares Spike On Unconfirmed Report That Amazon Is Circling
By Jill Goldsmith May 11, 2020
Shares of AMC Entertainment were up a hefty 40% in early trading Monday on a report in U.K. outlet The Daily Mail that Amazon may be interested in acquiring the theater chain, which has been hard hit by COVID-19.
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https://deadline.com/2020/05/shares-amc-entertainment-surge-report-amazon-interest-1202931102/
Noiseless & hydrogen generation on site.
How the US military’s reliance on fossil fuels puts troops in danger
"It is an amazingly complex effort to maintain the fuel lines," said Marine Gen. James Mattis.
JEFF SCHOGOL POSTED ON APR 29, 2022
https://taskandpurpose.com/news/military-fossil-fuels-troops-danger/
A potentially vital use case for hydrogen that may have been overlooked: military operations
Tanks running quietly on H2 would be harder for the enemy to detect, while fuel cells offer a more efficient source of off-grid electricity than fossil fuels
Leigh Collins Updated 18 June 2024
Armies around the world currently rely on fossil fuels for wartime operations, both as a vehicle fuel and to run generators to produce electricity off the grid.
While replacing fossil fuels with greener alternatives is necessary to get the world on course to net zero emissions, the military cannot rely on access to an electricity grid to power battery-electric vehicles or run the computers and drones that a modern army requires.
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https://www.hydrogeninsight.com/innovation/a-potentially-vital-use-case-for-hydrogen-that-may-have-been-overlooked-military-operations/2-1-1663161