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And two business days later he does a 360 and says sell. What a douche.
The new auto contract is this week, no?
They can vastly increase the range of Toyotas cars.
Announcement for what? PLUG already has Toyota.
Im pretty much joking of course, but you see my point.
Long PLUG!
The big question?
Will Facebook buy PLUG for $19 billion dollars?
PLUG certainly has a much bigger niche than Whatsapp, and almost no competitors in conparison.
:)
Good details. Also, every gen drive contract includes a service contract which will bring recurring revenue.
Ya that was confusing. He raised the pps but lowered the performance.
They have 60 mil in cash, from what I saw last.
I will not let short position 'analyst' deter me from investing in PLUG. The negative 'analyst' article is disclaimered that they hold short positions.
The only article from a real unbiased analyst, set s price target of 7.50. Which PLUG will greatly surpass.
Just some details on the lies and slander by short sec violator citron.
CITRON =TRASH 1) SAN FRANCISCO (MarketWatch) -- Fuel-cell supplier Plug Power Inc
reversed earlier gains to plunge 42% Tuesday after a famed short seller labeled the stock a "casino" stock and described it as the "lowest form of moonshot."
Andrew Left of Citron Research issued a nine-page report that predicted that once the hype dies down, the stock will trade at 50 cents again. +
“With the growing need to enhance grid resiliency and the accelerating adoption of distributed generation technologies worldwide, the stationary fuel cell industry is well-positioned for growth over the next decade,” says Mackinnon Lawrence, research director with Navigant Research. “Expected to break through the $2 billion mark in annual revenue in 2014, stationary fuel cells are seeing increased financing options for adoption, particularly in the healthy residential combined heat and power segment.” They produce Plain fraud statements for gains …………. Citron does not Disclosing their relationships/clients and how many short shares. Citron is the #$%$ of the investing community.
2) The revenue from TOP Distribution centers are more about saving money and (green energy then ( TAX savings). Wal-Mart also sees the cells as cost- and labor-saving devices, since it takes less time to refuel a lift, and thus creates less downtime. FCEL – coverts Technologies to Hydrogen for Forklifts, heat and electricity for added savings. These technologies are proven… GenKey contract from a leading retailer to roll out its turnkey hydrogen fuel cell system solutions at six North America distribution centers over approximately a two year period. The first site is expected to be operational in the second quarter of 2014. The multi-site GenKey deal includes over 1,500 GenDrive PEM fuel cell power units coupled with multi-year contracts for GenFuel hydrogen, GenFuel fueling infrastructure, and GenCare service.…Citron is (sic) analytical reporting. ….
3) Right now, fuel cells are so far mostly limited to light industrial machines like forklifts. Navigant says the stationary fuel cell market will reach $9 billion in annual revenue by 2022. Iron Flow systems (ARTX) will help grid storage as required by California in the future.
Ballard gets 10% of its revenue from Plug Power, and 25% from Volkswagen, Brown says.
Citron Research, which penned a report that questioned the fuel-cell systems company's business model and suggested that the stock's fair value was just $0.50 per share. This hit piece was not research by a way to short, make money, hurt the industry to let hedge fund cover their over zelous shorting. ( crooked)
Among the problems Citron says its found:
• “ fallen short of its own quarterly forecasts”- knowing the recent contracts and market demand this is an obvious backward looking deceitful statement . Plug Power has integrated fuel cells into products for the home generation industry, the automobile industry, the telecom industry, and more.
• There's an apparent lack of conviction among Plug's own management, who at one point refused to buy in on a capital round of just $0.15 a share. The statement is Trivial trash!
Insider ownership is at 5.1 % 5.1
•
•
• Just one analyst covers the firm — and that same analyst is part of a company, Cowen and Co EARLY STAGES OF DEVELOPMENT AND FINALY MAKING MONEY AND WORTH LOOKING AT.
LEFT STATED “Plug Power owns practically none of their own technology” That is an Obvious lie,
+ Plain market manipulation, slander and illegal statement. A school kid could look up patents- Citron is #$%$! Blatant liars’ and – BUT Citron endorse BLDP? Insiders own 5% of the company… The companies/technologies (PLUG/BLDP go hand in hand…. That’s crazy Citron is using double talk and shorting greed to substitute for good DD. Period! - Most retail sellers don’t own (ALL) the products they bundle and make work. The infrastructure and business plan work . Plug Power Inc. announced that it has licensed the (intellectual property) relating to its stationary power products, GenCore® and GenSys®, to IdaTech AND OTHERS on a non-exclusive basis. They sell their knowledge inventory, equipment and assets related to remote, mobile, and stationary power business. Plug Power currently has over 140 patents and maintains ownership of, and the right to use, the patents and other intellectual property licensed to IdaTech. Total consideration for the licensing and assets was $5 million. GenDrive™ product is replacing lead-acid batteries in large distribution centers for customers such as Walmart, BMW and Sysco. Key accounts, including Wegmans, Whole Foods, and FedEx Freight. With more than 1,000 units in the field and over 1.5 million hours of runtime, Plug Power manufactures tomorrow’s incumbent power solutions today.
Reading this it is exactly a hush hush situation... they dont want PLUGs announcement to conflict with their future reveals.
No, it is a assumption by common sense to help rationalize the reason he did not share who it was. I also heard this from others. Many times this is the legal precedent in contracts.
There is a new contract with a NEW manufacturer, that is a fact, which is to be revealed in detail next week.
Theres more, but thats fine for now.
1)Advanced Electric Forklift Technologies Will Surpass $500 Million in Annual Revenue in North America by 2020
2)Hydrogen consumption will grow from $1.3 billion annually in 2013 to $49.8 billion in 2030.
3)Annual Fuel Cell Systems sales world wide will surpass 600, 000 by 2017
4)300000 TRU Transport Refrigeration Units can be powered by fuel cells
5)More Than 35 Million Electric Vehicles Will be On Roads Worldwide by 2022 Fuel Cells to play a big part.
6)Global Fuel Cell Industry to surpass 15 Billion market valueby 2017
7) US continues to be one of the world’s largest and fastest growing markets for fuel cell and hydrogen technologies.
8)350,000 Hybrid and Electric Trucks Will be Sold Worldwide from 2013 to 2020
9)Air Liquide and Hypulsion partnernship provides access to European Market
10) Susqehanna 30 million investment provides a vote of confidence and indicates the business is growing. Less
11) 90 percent of forklifts to be fuel cell powered in 11 years predict ITA
12) 300,000 airport ground support vehicles can be powered by forklifts,
13) Gen Key provides hydrogen infrastructure sales servicing and hydrogen sales.
14) Asia partner to provide access to Asia.
15) Electric trucks being tested with Fuel Cell range extenders.
16) Walmart Deal provides 100 million in recurring revenue over 6 years.
17) Plug has only penetrated 2% of forklift market
18) 1ST Quarter revenue meets 2014 year goal
19) 2014 will be profitable
Its not up to the CEO for the car manufacturer PR release. It is up to the car manufacturer. They have their own news in conjunction with PLUG. Hush hush until then. They told Andy the release WILL be next week.
TSLA didnt make money 3 months ago....
Their pps was high before profitability, because people KNEW it was coming. Hence, like PLUG.
The stock is still down because of a 'analyst', not technicals.
Good idea! Buy AFTER the news, good idea!! -_-
Still waiting for the lawsuit
8$ pt from .80c analyst upgrade.
Think about this. TSLA has a plan to make a huge amount of chrging stations. Andy said they havebplans to make 41 stations (for what or who?). While the TSLA CEO may not like fc in vehicles. Why not at the chrging stations? Is my assumption correct?
If the partnership is with TSLA, this may go up 100%. If its with one of the ones we already have, maybe a decent 20% jump.
PLUG has a service tech position in compton ca according to cnn money, when u look at PLUGs quote. I know theres a huge krogers(ralphs) distribution center in compton.
Does PLUG already have a Krogers contract in SoCal? I saw the PLUG quote on CNNMONEY dot com and in the job section they are seeking a service tech in compton. I know Kroger has a huge distribution facility there.
Oh and those are just the orders. Not including the other news. Like China or whos the new car manufacturer. Those alone could be 1-5$ jumps depending on how major it is.
TSLA is naking charging stations, a big endeavor. Marsh said they will be making 41 this year or something along those lines. Could this be related? Or is the tech different for charging?
Once those ordrs come through as he stated, then profitability will be obvious. Most of these profitable orders are being done in the next 4 months from what I see. Just imagine 1 major order on a monthly basis, how is that not exciting? These orders will be bigger than the walmart deal also, which brought us to 12 almost.
Ah, I thought it was a new contract agreement with a car manufacturer. I didnt know it was a entirely new mnufactuer O.o wow
Im still guessing BMW. They seem to be putting a lot of effort into green vehicles lately.
Probably hover around 30$ in 2-4 months. And break into 50+ once a profitable earnings is out
Wow already exceed 60mil for 2014. 12 by next Tuesday should be reasonable.
Who made more $, u or ur broker? :P
I think a lot of people are realizing all the bs on tuesday was truly bs. A friend of mine sold his shares tuesday at a loss and he feels dumb now after I talked to him today and explained what happen. That citron con job cost a lot of low income ppl a lot of money. Retail buyer are being squeezed out for the hedgies. Pretty sad, but good for those of us who didnt fall for it.
Penny stocks lack transperency, so all the hype could be bs. PLUG is audited and not a penny stock. All the hype is warranted by the audited financials. So, I agree overall. But PLUG is far from a penny stock.
Anyone thunk it will start gaining big soon, as the institutional investors start tobdigest the info?
The cc may mention plans that will blow that away.
I have 20k shares.
I also have 8$ call options
10$ calls and 11$ calls. Should be interesting. Longggg with my shares.
Now lets hope a lawsuit is mentioned in the conference, thats an additional 50mil revenue right there :)