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Record GAAP and Adjusted Net Revenue for Fourth Quarter and Full Year 2022
Fourth Quarter $457 Million GAAP Net Revenue Up 60% Year-over-Year; $443 Million Adjusted Net Revenue Up 58% Year-over-Year
Record Fourth Quarter Adjusted EBITDA of $70 Million Up 15.3x Year-over-Year and Up 58% Sequentially
Fourth Quarter $40 Million GAAP Net Loss Improved 64% Year-over-Year
Quarterly New Member Adds of Nearly 480,000; Total Members Up 51% Year-over-Year to Over 5.2 Million
Quarterly New Product Adds of Over 695,000; Total Products Up 53% Year-over-Year to Nearly 7.9 Million CONGRATS TO ALL
CEO said no RS, wants to grow this Co organically
...hmmmm YES Fortescue Future Industry !!!
Are you new to ILUS? Have you not been reading what the CEO is telling and purting out in his letters that he mentioned a lot of times, over and over again, no RS and no dilution, he wants to bring and grow the company to Nasdaq organically.
We did good yesterday!
Rate hikes I mean
I would love an upside from here!!
I hear you, I have a bad feeling about the market, next month when the inflation kicks in, this is going to get worse from what it is already is
You have got to read news my friend, haven’t you noticed or asked your self why all stocks are falling, big boards or OTC?
Moon market has a very good video on this, but still, paying off debts and no debts now! Plus 5000 Btc more than coin base
Whats the next support? Im buying more
Anybody knows what is the next support is thanks, i have a good feeling on this! No debts and has 5000BTC more than coin base
Im hoping this will go up back to $50’s and consolidate in that range. And going up again next year to all time highs. We are over due in that regard. Seeing PLUG with all the joint ventures happening, it’s just a matter of time we will see our highs again.
Plug Power to Partner with Fortescue Future Industries to Manufacture Electrolyzer Technology in Australia
Source: GlobeNewswire Inc.
Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, and Fortescue Future Industries Pty Ltd (FFI) today signed a letter of intent for a 50-50 joint venture to build a Gigafactory in Queensland, Australia.
As part of the agreement, the two organizations intend to build a two gigawatt factory to produce large-scale proton exchange membrane (PEM) electrolyzers, with the ability to expand into fuel cell systems and other hydrogen-related refueling and storage infrastructure in the future. Plug Power will supply the electrolyzer and fuel cell technology and FFI will contribute advanced manufacturing capabilities. FFI will be the primary customer of the products manufactured by the joint venture, enabling its ambitions in decarbonizing its operations with stationary power and mobility applications running on green hydrogen.
“We need solar panels, wind towers, and electrolyzers in such scale that we need to produce them where we use them – including in Australia. We have enough solar and wind in Australia to power many countries of the world. Working together with Plug Power, we can create this future,” said Julie Shuttleworth, CEO of Fortescue Future Industries.
Under the agreement, FFI will also purchase 250 megawatts of Plug Power’s electrolyzer solutions, used to create hydrogen and oxygen from water, for its Australian projects. Plug Power will supply these from its Gigafactory in Rochester, N.Y., . Delivery is planned for the second half of 2022.
“Australia and New Zealand will be a big market opportunity for our green hydrogen ecosystem of electrolyzers, fuel cells, and green hydrogen,” said Plug Power President and CEO Andy Marsh. “This year, we will do megawatts of deployment in these markets, and gigawatts in the coming years.”
“Hydrogen fuel cells and electrolyzers have a great future as the world reduces emissions. Green energy, green hydrogen, green ammonia and fuel cells powered by green hydrogen are all essential to support a planet with a high standard of living that will last forever,” added Shuttleworth.
Both companies will fund the joint venture equally and will have equal representation on the board of the joint venture. The above commitments are subject to the parties’ mutual agreement on the relevant terms and conditions.
Learn more about how Plug Power and FFI are building out a green hydrogen ecosystem together. Tune into the Plug Symposium today, October 14, 2021, to hear from Fortescue’s Chairman, Dr. Andrew Forrest, at www.plugsymposium.com.
There are a lot if reasons why the market behave the way it did these days, but in My Opinion the gains that the bulls got last year is being given back the the losing bears last year, now they are winning, Wall street has a way of manipulating the market so the BIG BULL BOYS and BIG BEAR BOYS gets their money, once these people are evenly satisfied we the retailers are at their mercy!!! Now this is just My Ipinion!
Did not go up i meant
Did you even realize that PLUG and a lot of stocks maybe all that are red today and the previous weeks behave the the same way? You can see that in all of their graphs! This is market wide!!! Even when PLUG got the news about Spain and Portugal JV, it did go up, you dont think that’s weird? I have more than 20 stocks and all of them have the same graph pattern and neither one of them have bad news!
My question to you Mr Snidleywhiplash... Can you explain what made you come into this board say PLUG is a “ garbage stock” like you claimed it is? Enlighten us with your intelligent opinion?
Not doing good! Hows the market today, or do you only own PLUG?
What a very unintelligent comment! PLUG has done a lot of good partnership in the past few months. Billions of contracts acquired by the company, its the whole market, dont blame it in one security coz its fown and not making money for the investors right now!
IMO, Tesla does not have anything to do with this, Tesla was already dropping when they invested in bitcoin, this is market wide! ... and i say manipulation. Look at all the graph, they all move the same way.
I guessing you know the answer to that, what do you think!
You have a very long explanation and it focuses on PLUG only, as a matter of fact the down trend is not solely on PLUG but the broader market, have you not noticed? C’mon these selloff is market wide especially the green energy sector and the stocks related to it like AI and autonomous. This is a manipulation!!!
That sucks, make a generic one just for Stock groups. Anyways happy weekend.
Yup! BDW do you have a Facebook acct? coz there’s a lot of wonderful info in therewhen i say a lot like tons waiting to be reported or PRed, unfortunately I’m/we not allowed to say it outside the group. ... but things are looking really good, if all of it happens this year boom i can actually see this in triple digits and I’m not even joking! IMO of course.
We will get there! Be positive for once in your hydrogen investing life and be happy that PLUG for how many years is showing progress, from this rate i can honestly can see PLUG at 3 digits this year, as soon as a lot of things unfolds this year.
Granting they do have something they’re still working on a deal do you think they will divulge? How bout if the company they’re working on dies not want to be mentioned yet, isn’t that they are working on a certain stationary company and another big one, anyways my point is claiming pump and dump on Plug Power is just wrong to me, i mean you already seen the results of their efforts and it is reflected in the share price
Yes i know he should have said something during the call but if he did said it in the conference would it made any difference?
When i said exactly i meant yes i agreed with all your “why’s” but like i said we really don’t know the reason for the offering, but lets not assume that what money they have is enough to expand the business in 2 or 3 countries including here in US. Who knows they might have expanded somewhere else that they’re not allowed to report just yet
Exactly, all those why’s you have been asking, do you think both of us or anybody here have answers? Only they know, i know it sucks but I’m sure there’s a reason and a BIG one at that and we will just have to wait for that. Who knows they’re buying competition or what not. I’m thankful we have reached at this price per share after all those years of waiting and we saw the results.
Don’t you think its better than borrowing money and creating more debts? I mean you know the company is growing and expanding. In the long run its best for the company and us investors, don’t you think? What would you do if you’re in his shoes.
What do you mean pump and dump?
What’s to say about your loss. The fact that you did not believe in the company made you afraid and sell. South Korea and Paris deals are huge! and not to mention the upcoming pedestal costumer, and the stationary customer s as bd so much more. You could have at least waited on the CC next week and sold. This company is going to become one of the revolutionary companies in the world
Anybody can give me a link on the HUMBL video add they have, thanks in advance
Wow just shoot up to $7.70+ whats going on?
Maybe uksausage can answer that, as Im with you as well
That’s a very good plan bud, diversification. But we know PLUG will become if not the number 1 but I’m pretty sure will become one of the top 5 hydrogen companies in the world.
Yes! Im sure they already did as these deals in Asia and Europe are already know to them. Thank you Lord!!!
Saw it!!! I was literally looking at my account and saw the share price went up to $61!!!