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Sory, but you are being intellectually dishonest Jack. I expect better from you. You know what is going on at Plug and the changes occurring that were not mentioned and decided to share this article. You could have at least had the decency to correct his piece, which I have done on his site and the Yahoo. Less all try and be as honest and open about Plug even though they have failed to be with us.
Poorly done piece does not add reduced cost of ceasing construction and $75 million in layoffs. He does not mention the inventory buildout and fails to talk about the across-the-board price increases. These will all have an effect on the future decrease in losses. Half the story is misleading at best and worst biased. Jack, you should know better than to push false and misleading information, which, you yourself, correct people all the time about.
Correct me if I am wrong, but were we not to increase the Ga. plant to 30 TPD? What happened to that work or is that part of the we don't have the money to continue so cease all buildout until and if we get the DOE money?
Looks like that should clear out some inventory. I hope we got decent margins on it.
was that news out just so they could stir demand to drop more shares? I hate to wish bad on anyone, but if there is such a thing as Karma, Andy and Paul have it coming in spades!
This is a song that goes out to Andy Marsh that truly fits!
I am doubtful we have enough to cover the current business interest and what the price differential is to what we buy it at. I suspect the supplier prices will come down as more supply hits the market depending on the addressable market.
I guess that answers your question from the other day as to what they were producing. I say about dam time, and we should be at what 200 tpd by now? Glad we are at least heading in the right direction. Maybe, the learning curve is over, and they can now be more realistic.
I wonder if we are involved in any of these? https://www.energy.gov/articles/biden-harris-administration-announces-first-projects-receiving-clean-energy-manufacturing
Sorry, but if their plan was to destroy themselves and implode the company and short, them, I guess you are right. Otherwise, I guess you are trying to be funny or sarcastic. If not, then you are delusional.
I have to agree you never get bad news from PLUG unless an analyst asks a direct question. If you know one maybe you can get him or her to ask some tough questions.
SCMets on Yahoo has driven by a few times. I would go but it would take me all day to get there and back. He has never walked inside to ask what was going on, but just drove by I think.
Well, if they had done thing right as you say we would be profitable by now instead of near financial collapse or a reverse split. You also realize all the misses on revenues quarter after quarter, the accounting issues and fine, the promise to be BE that never happened, the statement we don't need money and then dilution a few times. Lies, distortion, mismanagement and screw ups like the Ga. plant 3 openings. There's just too much to give these clowns a pass. Andy and Paul should fall on a knife if they were honorable men and resign.
Suspect most recent changes will not show this quarter, but a reduced inventory and spending since projects have stopped ought to stem the losses a bit. We should see a small decease in our fuel cost. Things should improve on the cost and revenue side as the supply of our own fuel increases, the price increases and the savings from layoffs show up. The big offset is the increased share count that hangs over us. We need a Hail Mary pass.
So, Ballard, a once second-rate fuel cell provider we used to use that put out a sub-par product must be doing better because they seem to be getting quite a few deals we are not getting. The shotgun approach.to going after everything and not doing anything that well, but forklifts, seems to have hurt us. Maybe it is time to focus on what we do best or the most potentially profitable and sell off other units? I wonder what the drone, airplane and van businesses have cost us versus their potential any time in the near future. Maybe it is time to start asking the hard questions and start doing what we do well.
Sadly, that looks like where we are heading also. 45V was important to signal it is isafe to dip your toes in the water and they messed it up and delayed it. Prett typical of this administration to promise a bunch and then slow walk it or forget about it. Gee, sounds like Andy. Either way Plug cannot get a break. This story is getting uglier.
of course you do you are short. Dah!
That would be nice, but at this point I just don't see it unless the big boys of WS have this planned. Carvana was a shocker to me. I had a nephew that worked there and left figuring it was going under. I was shocked when it took off and still not sure why. Maybe, just maybe, if the DOE loan and 45V gets passed in our favor and we start showing decreasing losses and decent revenues then it could happen, but figure more likely Andy and Paul do something dumb again. At this point few have any faith in these guys so it is up to them to make people believe again that they can pull this off. At this point there is no proof and until we see improvements with the continued dilution it will be hard to move the stock up. I just see them more than likely taking the easy out and a redo.
BB, sure we are under attack and that is because Andy and Paul lack of good stewardship and mismanagement. Add to that the missing of projections every quarter and flat out lies and deception on what is actually going on have killed our credibility. They caused the shorts to be so successful. They are just the buzzards of Wall street. After we have gone through the ATM and assuming we get the DOE loan they will need more cash for the next round of expansion. They are not going to dilute us futher with another round around $5 a share. They will likely want the share price at least $25-$50 before they do that and the only way we likely get there is a reverse split. Again, take a look at the Root example. If the timing is right, you can create a squeeze, assuming the model they have proposed actually can become a profitable If they can show signs of better margins, increasing revenues and a path to being profitable it can work. The big if is can they get it done and is their model feasible?
Weird, they are past the times of having hot flashes. All kidding aside I followed another stock awhile back and while it is in a different industry (car insurance) it also was heavily shorted and now soaring. Looking back on it they had a reverse split and the stock continued down and when earnings got better (granted they still had a loss) the stock has taken off. The stock goes by the symbol ROOT. I just wonder if Andy is thinking of doing the same. While it would kill the long timers, the new shareholders buying after the reverse split and the stock most likely sinking after that would do well as margins should be getting better, cost down and revenue creeping back up. This would be a way for Andy and Plug to get a do over after having screwing things up the first time. At least the timing of green H2 would be better if this is done later this year or 2025 when losses should start coming down. I don't see profits anytime soon unless we get the DOE and 45v more favorable. If you were Andy, would you not be thinking the same thing?
Thanks Stew. I think I will run Boston more to just enjoy the event and not worry so much about the time. I will still train up, but my goal was to get into the event and run with the immortals of the sport. Go PLUG!
Good news! I completed the Mt. Charleston marathon in 4:09:02 which qualifies me for Boston in 2025 with almost 11 minutes to spare so I will not get cut. This year cut off was over 5 minutes from the BQ time. Maybe by Thursday I'll stop hurting so bad. I have been running for a bit over 11 years now and it took me 7 marathons to finally make it.
Maybe, Andy does not care being an idealist and spending OPM. As long he gets his and in his mind is working to save the planet by any means necessary maybe his motto. After all these years his ego and idealism has lost shareholders millions. I'm hoping either or both the 45V and or DOE pass and give us a bump. Maybe at that point I make a change.
Yep, everyone waiting. Why? Is there something else out there coming soon that will be a paradigm shift, and no one wants to commit? If they wait that long nothing may happen at all.
Sadly, I don't foresee anything that gets us to $10. Even if 45v and the DOE loan comes through soon in our favor it would be tough to hit $10 and hold it. Plug will have to show it can make a profit and I'm sorry at this point I just do not have faith they can as they have not proven they can as of now. This would take a disciplined management that had their act together. We need consecutive quarters of improving margins and decreasing losses. We need proof and soon. No more empty promises.
If they sell out at a price just above the stock strike that would surely look suspect and screw us that paid $40 plus and under water 90%. Not saying they would not do this as they work in their own self-interest and could give a rat's ass about shareholders like me.
I think his meds are working because he either knows something huge is near term or living in an altered reality to everyone else. When it comes to things like this, I always say follow the money. I ask myself, what would normal human nature have him do? Sure, he and others would be buying shares hand over fist. Sadly, even at this, what would seem, bargain price, none are. I think he and Paul already know the future. They will either sell out and leave with fat pockets of cash at some stupidly low price to a bigger company looking to add green H2 sites and sell off the other businesses or they have already reconciled the will run out the ATM, and (assuming the DOE money comes) and then reverse split and do another huge offering for the next phase of expansion with far fewer shares. To them it is no big deal. They can reprice their shares, yet again, but we get screwed either way. The offering should take them to 2028 or maybe 2030 assuming they are better stewards this time. I believe this is also why the shorts have yet again dug in with more shares. They always have better information than us longs it seems. Another sign is the B. Riley deal. Paul said we had loads of options and yet they work with a death spiral type little firm akin to a loans shark for the desperate penny companies. Neither Andy nor Paul is credible. You have to look at their actions and not their words.
Hold it! How can he say we can sell everything we have in electrolysers when we have a billion dollars of inventory?
yada, yada, yada. Nothing worthwhile here. Just the same positive about everything and not reality based as to what is going on with the business. Why no news for ages about much of anything. How about moving out the inventory!
Sadly, I do not think these fools have any idea on the impact to the consumers with increased inflation or just don't care. Lower paid, middle class and retirees will suffer with lower standards of living. When you force technology that does not lower cost on people you create all sorts of problems.
Yes, but do we want to once again deal from weakness and give away the store like we did with Amazon and Walmart? That just allows us to stay alive a bit longer and push out being profitable. A complete redo would be terrible for us small investors but might work out better for the company in the long run assuming they just need cash to complete the plans they have, and they will be priced to make us profitable. If not, it really does not matter what we do as the end story will be the same.
With all of Andy's, 'friends' in NY and in Congress the Progressives would basically kill the HUBS if 45V is not amended and if PLUG does not get the DOE loan that would be a knife in the heart and put Plug in a corner. They would be forced to spend out all the shares to B. Riley to survive and then be faced with limited options like a reverse split and then major share issue, a sale of the company at a discounted price or bankruptcy and hoping for a restart. I doubt they get denied the loan, but a delay could also hurt the stock price and that maybe what the shorts are betting on.
Less than 2 weeks to my #7 marathon. This one will be a fast one at Mt. Charleston north of Las Vegas. Hoping to finally qualify for Boston and get in before I fall apart.
I don't think they care about anything but being the best and dominating the world. Easier to do when people are controlled and not allowed freedom.
Maybe Plug should be making contracts with major trucking companies to produce green hydrogen at their terminals? That would be a great market for us.
I thought these stationary products produced their own hydrogen onsite. I also heard with the new Nvidia chips coming out they use 25% less power and will be sold to data centers. Of course, AI will demand much more power as it expands.
Did we not hear the same thing from Microsoft like 3 years ago and nothing ever happened despite us making prototypes for them. Not saying it did not help push the technology, but what of the 1 trillion-dollar market have we captured?
If I remember Andy said green hydrogen was easy and now it is hard? What is it Andy?
He actually said character matters. Is that not a bit hypocritical coming from the man that a few times now said they did not need to sell shares and dilute us and at the same time did? There are numerous examples of him promising things and never delivering and just making plain misstatements.
ATLANTA, March 18, 2024 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart”), a leading global solutions provider to clean energy and industrial gas markets, announces an order from Element Resources Inc (“Element”) for its Lancaster Clean Energy Center (LCEC), a major renewable green hydrogen production facility located in the City of Lancaster, California.
At the LCEC, Element will produce over 20,000 tons of renewable green hydrogen annually through its first phase, making it one of the largest green hydrogen projects in the state. The LCEC, which is targeted to begin commercial operations in 2026, will operate off-grid, using dedicated photo voltaic (PV) solar to power Element’s electrolyzers to produce zero-emission, renewable hydrogen. The increased hydrogen production capacity will serve the growing demand for clean mobility fuels as well as clean energy for manufacturing.
Element Resources is purchasing hydrogen liquefaction plants from Chart, utilizing Chart’s hydrogen refrigeration technology, cold box design, and the associated rotating equipment. This order above includes Chart’s supply of the hydrogen liquefaction system, liquid hydrogen storage tanks, and trailer loadout bays as well as liquid hydrogen transports and ISO Containers. Hydrogen compression for storage, distribution and heavy duty fueling is also included in this order.
“Element is pleased to have reached an agreement with Chart Industries for the hydrogen handling equipment and systems downstream of the electrolyzers through loading for distribution, we are pleased to have a supplier that designs, engineers and builds in-house essentially all of the hydrogen liquefaction, storage and handling equipment which significantly simplifies the procurement, construction and operation of the plant and facilities,” stated Steve Meheen, Element Resources CEO.
“We are proud to be a partner to Element Resources as they execute on their strategic global buildout in the hydrogen industry,” stated Jill Evanko, Chart’s CEO and President. “Chart’s complete suite of hydrogen offerings is helping Element Resources drive the energy transition forward.”
Forward Looking Statements
Certain statements made in this news release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning the Company’s business plans, products and technology. future orders and customer requirements, business trends, and other information that is not historical in nature. Forward-looking statements may be identified by terminology such as “may,” “will,” “should,” “could,” “expects,” “anticipates,” “believes,” “projects,” “forecasts,” “outlook,” “guidance,” “continue,” or the negative of such terms or comparable terminology.