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Is it not amazing how things can get delayed before an election to make sure your side has another chance to make a sizable donation to make sure the bill gets passed in your favor. This while the FED helps the shorts demolish the market to polish off small investor and take down the market so the banks and brokerage can reload after their 50% gain.
Well, that is disappointing. Funny, how they want these projects in low-income areas. I guess windmills off the coast of rich areas would bring down property values and obstruct idyllic views.
Break even
I now take anything they say with a grain of salt. I also think their idea of BE is some bogus metric and not real BE. This quarter should have seen increases in revenue and decreases in cost. Just what were those onetime charges for and what will be the excuse next time? I feel we have been dragged along with big deals, pedestal customers and plant openings, BE for ages and nothing ever really changes. It is like living through Groundhog Day.
Thing is it has always been next quarter since what. 2014? I'm stuck and have to wait it out at this point and see if they ever get their act together, but how in the heck can you miss for like the last 3 years and not suffer and consequences to keeping your job? I'm getting old waiting for them to learn how to run a successful company. Andy has screwed loyal shareholders and made the shorts rich quarter after quarter. We hear the same BS every quarter and yet the losses continue to get larger despite record revenues. I'm sorry, but Andy and Paul have not learned a dam thing about managing expectations and transparency. They hid the GA. delay news like little kids that did something bad and were worried about being caught. When finally questioned they came clean. Now why could they just put 3-6 extra months into the schedule and finish on time or early or just tell everyone beforehand? I mean we kind of knew once they kept quiet past the due date. They instill no confidence from the street with how they run the company much less many shareholders current and new. I guess if they don't show progress the next 2 quarters they never will. I wonder what excuse they will have next time. Sorry to spout, but I'm frustrated beyond and feel betrayed, as a long-suffering shareholder.
Tell me where I slandered him! I posted facts and there's many more instances than I mentioned here. Him and Paul are the reasons for all the suits we have had. They may not stick because of catch all statements in a 10K, but they were based on facts. As a shareholder for 10 years, I have seen it all and there are many broken promises.
It happens all the time. Also, is not mentioning a MOU no longer exist, or we lost a contract a lie by omission? How about we will announce 2 500 MW deals in 90 days, or that the Ga. plant will be producing X amount 30 days ago, or we don't need cash and does a secondary for $2 billion the next day? While you can write off a few things as he was over enthusiastic, many were just lies. Sure, maybe the disclosure statement that things can change will cover your ass, but they are still lies. I'm thinking his attorneys have told him to let the numbers talk and not say anything and that is why he has not said much lately.
Jack, sarcasm does not become you. Have a great time in Europe.
I hope with all hope that the rhetoric on how lower natural gas prices being down, a new more efficient factory, and electrolyzer sales through the roof turns into great earnings report because if we miss after all things coming together it will make me wonder and I'm sure the street if they can ever run a profitable business.
Jack, there's currently 2.1 million shares open to short. Just play money for you. I think the machines just rotated out of the sector after a big run from $7+ to $13+ and now we have given half back. Hoping we stop here and don't continue back to where we were, but that depend on the numbers and what the future looks like. Part is on management and the rest on politicians. I'd say we are stuck between a rock and a hard place. Let's hope us longs come out on top for a change. We certainly are due.
Jammy this feud with Jack is getting tiresome as much as your post that only ignore the post like everything is rosy. If Jack bothers, you that much just ignore and let the stock price speak for itself. We all know your feeling by now. A wise man, I should have listened to once said, don't get married to a stock because it will break your heart. Our perception of grandiose things and potential of a stock sometimes blocks the reality of just where the true reality lies. Those that disagree or are on the other side of the trade like Jack are no worse than the pumper that wants the stock to go up assuming both sides believe in what they are doing based of their facts. Do I like the bashing of Plug. No, but I don't like the garbage saying we are going to $200 by 2025 either because no one knows. We could be at $1 or $1oo by then. It all depends on people, politics, technology, and maybe some luck. So, I say keep an open mind or if he bothers you that much ignore him. Let's try and all keep to the facts and be adults even if we don't like an opposing position. And BTW I have had this same conversation with myself in regard to him.
Jack, did you read this! https://www.msn.com/en-us/money/companies/siemens-energy-ceo-on-2-4-billion-wind-turbine-hit-we-were-going-too-fast-with-new-products/ar-AA1eT3rm?ocid=msedgntp&cvid=5d291ff974164fb7af0563960551a46e&ei=8 Siemens taking a huge hit and slowing down on new products it seems.
So, Jack which hydrogen companies do you like and invest in that you see as the winners in this race, if you do not mind sharing your wisdom?
Have a good weekend everyone and hope that next week is better.
So, Jack you must not breathe or fart.
So, Biden approves gas and oil deals in Poland and Indonesia and won't in the US. Make a lot of sense? Hope he does not screw us up on our plans!
I wonder if the IRA regs. could mess up the DOE loan deal?
Whatever happened to that huge loan for what 500 million from the DOE we were seeking? Is it still in the works? It seems it has been going on forever. You would think our dictator, I mean President could just get it done with a wave of his hand.
Jammy- Plug has brought on many of its own problems. There was a big accounting issue a few years ago that sent us down, Andy's large stock sale timing, numerous promises and deals touted that failed to materialize, us having a great funnel of business and saying we would restate earnings estimates and then failed to even meet those. This along with an accident, business deal on a company we bought etc. I am not sure how many will stick or have merit and how many were started and pushed by desperate shorts that pays these little firms to stir things up. I do have admit Andy is his own worse enemy.
Why so giddy. We have done this numerous times just to give it all back. We need earnings beat and to reduce our losses. If not, we give it all back and on top of that we have the IRA issue to muddle through. I hope we get over both hurdles and start the rebuild back to $75. Is everyone trading and taking profits and that is why they are so excited or are you investing?
It is only like 12 class 8 trucks with 3 being h2 trucks so more a trial. The supply has to be put in place first, but its a start.
I have no love for Jack for sure as we have had it out more than a few times, but he's been right more than wrong on PLUG and Andy and Paul have not helped our cause. I find it best to listen to both sides or the argument even if I do not believe in what they say because to do so you become myopic and learn nothing. Many naysayers have made good points and been right. Andy has a penchant for over promising and under delivering on earnings and maybe it is wise to have a stop loss set just in case he continues the trend or the IRS rules in favor of the Progressive left. I never thought at $60+ we would ever see $7 and yet it happened. If I would have listened to the shorts or sold like Andy it would have saved me 100k.
So are you shorting again?
This is interesting-https://www.theblaze.com/news/car-manufacturers-electric-vehicle-charging So, 7 car manufactures banding together to promote charging station and get them funded. Maybe, this is one of the big opportunities for us to participate in?
As for the short interest it seems the shorts are doubling down on either Andy missing big again or the IRA regs. crashing the stock price. Well, if things do go our way, then there could be a huge short squeeze. Here's hoping us longs come out on the right side this time. We are certainly due.
Interesting, as I have seen that Shipyard down in Mobile, Al. many times a s it is right off the Causeway. I wonder what they were discussing.? I guess everyone in this business will be in a tizzy until the IRS regs. are finalized.
So, it is not ready as promised then. I have heard Microsoft for 2-3 years. It would be wise to get them behind us on the IRA deal because without it even that deal will be in jeopardy assuming it ever happens. We have bent over backwards to fit their needs, so I hope so. I guess Linde is against us since we have a head start and competition to them. I wonder who is funding the environmentalist if the oil camp is with us?
I listened to both and found them more of the same and nothing new except in part 2 Andy spoke like the Ga. plant was not quite ready. I found that interesting after them saying it would be by the end of Q2. Funny how he never updates us on anything bad but has the time to brag about the good. This is the kind of crap that worries me at earnings. It is always that gotcha that you thought was OK, until it is not. What else is he hiding from us?
The guidance will set the rules for the hydrogen energy industry as it looks to take advantage of a lucrative tax credit provided by the Inflation Reduction Act.
The rules have the potential to cut emissions from hard-to-abate sectors like the steel, cement and chemicals industries. Still, climate activists warn that if the policy gives the industry too much leeway, it could be a disaster for the warming planet.
Lena Moffit, executive director of climate advocacy group Evergreen, called the forthcoming guidance “the key determinant of whether or not we get truly clean hydrogen in this country — with massive emissions ramifications.”
The Democrats’ climate, tax and health care bill provides a tax credit for low-carbon hydrogen, which is produced using an electrolyzer that sends an electric current through water to separate it into hydrogen and oxygen.
The extent of hydrogen’s climate benefits could be determined by the Treasury guidance, which is due by the middle of August, and set the rules for what a hydrogen producer needs to do to qualify.
Environmental advocates have pointed to research findings from think tank Energy Innovations and the Institute of Physics that putting strict rules on how the industry sources its low-carbon power will have significant emissions benefits. The advocates raised concerns that looser rules could allow hydrogen to compete with other electricity users on the grid for clean power — driving up electricity demand and indirectly spurring more fossil fuel use.
On the other hand, some industry players say the policies favored by the climate movement could stifle the nascent hydrogen industry.
Shannon Angielski, president of the Clean Hydrogen Future Coalition, which advocates for spurring hydrogen energy development, says the immediate goal of the guidance should be to “get this clean hydrogen industry launched with very pragmatic rules of the road so that way it can scale.”
Advocates on this side of the ledger have pointed to an analysis finding that if the Treasury Department takes a stricter position on a key provision in its guidance, it would be “ultimately hindering the economic competitiveness and adoption” of green hydrogen.
Read more when the full story runs tomorrow at TheHill.co
I think this IRA game being played in Congress will hold us back until resolved. I feel it has put deals and even plans on hold as companies have to reevaluate everything and see if this happens then what? Do we still want to go forward? Do we hold off on the decision until resolved? What does Plug do? Do they now have to source new green energy production to open a plant to get the tax credit? Is a project they projected payback in 5 years or less now X number of years? What would that do to financing? You see the mess this all this potentially creates? Would that $2 Billion off take agreement with Amazon even make sense now for either party?
Jammy and others. What happens to Plug if the IRA bill is trashed as in the video? They are talking everything is pushed back 5 years and reductions of 40% or more. Andy has said the key to becoming profitable was supplying green H2. What happens if it is no longer economically viable for customers? Will they pony up the increased cost? Will it make economic sense to use it ourselves or would we be forced to use natural gas? What would this do to earnings projections and the stock price? Would an agnostic company like BE be a better bet since they have no green H2 investment? I think as shareholders need to consider the ramifications of just what the destruction of the IRA would mean to Plug. Is that the reason we have not heard anything about Ga.? What would it mean to NY, Texas and other plants under way or planned?
Well, Jack, I will own my own stupidity. I often times see great potential that either is bought out or never pans out. Shoulda, coulda, woulda does no good at this point. Like others we hope Andy got the message with the lawsuits, but he may be like Trump and those do not bother him. I don't know, but thinking a stop loss maybe a good idea before earnings just in case they blow it again.
No, still holding, but have major concerns at this point going into earnings. Anyone that does not have some anxiety that have been invested as long as me in PLUG must be on meds. (Maybe I should be too) After all the garbage Andy has done to shareholders, I have definite, and well deserved, in my opinion, trust issues.
Gotta love the new transparent Andy. After the video of the guy leading the building of the Camden plant in Ga. and touting how quickly they got it up and running and now crickets. Well, was it really up and running and was it ready to be the template of all the other plants? Andy delaying once again puts us in a very tentative situation and makes everyone, once again, worry about everything. Will a better-than-expected earnings report be used to offset bad news about plant delays because of unforeseen issues? Is there a slight delay or a major screw up that will cost millions in cost to fix and cause an issue with earnings? Had I not been burned over the years with Andy and Paul I would never worry about such things, but their track record leads the mind into dark places of what are they going to do to me next.
Is no one else concerned at all with the delay in announcing liquid H2 from Ga. by Andy? Is no one else bothered by him saying more than a few times we would be at $100 by the end of next year and no one buying shares as insiders in the open market. If he and others truly believed they would get a 10X return in a year, would you think they are stupid not to buy Plug stock? So, if they have no conviction in what they say and won't buy then how are we to believe them? Sorry, but any of you that knew a stock would be 10X in a year would be looking for pennies in the sofa cushions to buy more.
I think it is brand new and not really up and running much yet since supply and the market are very limited at this point.
Jack, I believe an exchange for market pricing is in the works I heard somewhere recently. A google search has limited information.
They would not disclose that. Now if you wish to make an order I'm sure they could give you a price.
I found out when we were trading at $70,60,50,40,30,20,10,7, and at .99 you can never say never. We have no crystal ball. There is so much we do not know about how well and if our Green H2 will be adopted with solid agreements that guarantee we can sell all we make will happen. We don't know if someone else comes up with a newer and lower cost way to produce green H2. All you have to do is look at Their own warning in the 10q of all the bad things that could occur to realize with opportunity comes high risk. Had we all known at $70+ this would trade at $7 in a few short years we would have sold and bought back 10X the shares.
We have done nothing with ZEV since the announcement a few years ago. Is that even alive? ZEV stock was a SPAC and had to Reverse split. As for Flying J could not find anything on that one on Plugs site. Where did you find it?