Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
why do you say that? He already preannounced. We will once again come up short of expectations he said. That makes 2 quarters in a row after Paul said we would be conservative so this would not happen. Under hype and over perform I think was the idea. Well, we see that did not work, unless he lied and now says we will beat like Bloom did on the top line, but they still had a loss and decreasing margins. Hoping they have some red meat, or we will be doing good to stay where we are now. I hope as the IRA and HUB deals come into play along with other things progressing the stock goes up as we get nearer OI BE.
Neither they both have motives but pick your poison if you must. It is all up to you. My feelings are mixed and tainted since I have been here a long time and dragged through the mud, beaten and left to die. How's that drama for you? Andy has sold me on staying in the game to my harm. I should have never bought his timeline, but now it is like being in a long series that drags on forever and there is one or two more seasons (hopefully) so you continue to watch. If greed and luck along with his buddies at MS and Blackrock deem it, he gets his $100 by the end of 2024 for his payday and most likely retirement. If not 2025 should be the year we actually make money unless they somehow screw that up somehow. Just my grouchy old man opinion.
Jammy, analyst do what they are told mostly by their employers and if you have followed Plug for a long time we have had One guy have us at $70+ and others at $17. Morgan had us under the price of our large offering and then has change it from $60+ to $28 and places in between. Take them with a grain of salt. The computers and algos control the markets in general anymore.
Adani under scrutiny right now for fraud. India is layered with hands to feed which makes it costly for anything to get done. I will believe it when I see it, but wish them the best.
All I can say is holding PLUG has been a negative experience, but I guess we could say that about many growth companies. How can a stock be at $75, with only a few contracts, and one line of business and now have 3 lines and priced at $15? Revenues have greatly increased and yet we are down 80%? Yes, I know $75 was a bunch of hype, but this is insane. Sorry, just been a very depressing experience trusting the management of Plug to do the right thing and being let down time and time again. I'm losing faith in the leadership of Plug, the county, and the market has become a cesspool of criminals running a rigged game with little to no transparency. I had hoped thigs would get better, but things are worse now than ever it seems. Sorry for the rant..
Seems these things get dragged on forever, don't they? Let's hope Bloom's earnings tonight shows that a FC company can make money and give us a bounce. Not that I think it happens, but it would be nice.
Yep, old news and I believe the driver was at fault and nothing happened to Plug.
Plug's team in India has started an initiative to reduce stress and increase coworker coordination by starting the morning with a drum circle. Now that is how you find your rhythm at work! You can't make this stuff up. Right off of PLUG'S Twitter page with sound
Gee, how many tankers trucks, gas trucks and others carrying hazardous material have accidents? If you are on the road these things happen and even gas lines blow up. All bad, but stuff happens because we are human.
The dream of carbon-free flight is inching toward some reality.
The Federal Aviation Administration on Monday granted California-based Universal Hydrogen clearance to proceed with a first flight of its hydrogen-powered Dash-8-300 test airplane at Moses Lake.
On Friday, the aircraft began initial ground taxi tests and on Monday the propellers ran up to their full RPM. The FAA’s grant of the special airworthiness certificate in the experimental category means that, provided the taxi tests go well, the plane could fly as soon as this month.
Universal, led by Paul Eremenko, former chief technology officer and leading clean energy visionary at both Airbus and United Technologies, is developing the technology to retrofit midsized turboprop aircraft to run on hydrogen.
To create the necessary infrastructure for hydrogen-powered aviation, the company is developing modular pods of liquid hydrogen that can be easily transported to any airport by truck and loaded onto an airplane.
Separately, Universal’s engineers are developing a power system inside the plane’s nacelle — the casing around the motor — including a fuel cell that converts the hydrogen to electricity that turns the propellers.
Eremenko in an interview Monday compared the hydrogen pod to a Nespresso coffee pod and the airplane to the coffee machine.
From what I can find that would cover the whole cost of the truck plus some at an estimated $268,000. I think they also have a lease program. Not sure why their stock is down. Now all they need is a supply of H2 and that should boom sales.
We are so manipulated! hit $18.88 and up over 6% while the Naz is still way up. No news and we fall off the cliff. Andy needs to have the stock trading investigated.
Let's keep a level head and remember the last time we ran to $18 and then retraced. I hope this time is different, but nothing would surprise me. We have Amazon earnings tonight, on 2\9 we have Bloom and then even though we preannounced things would not be as good we have no idea just how bad the loss will be in March so we could go down then.
Well, that should help, especially with our new partner J Matthey and others like Hyvia, and Acciona etc.
They better move quick on a site and power sourcing if they want something that big producing by 2025. I suggest Ga. since we have power, water, rails, shipping, no unions and large tax incentives. We also have a Green H2 source here.
Right, I caught that revenue 26-28 was mentioned but the announcements this starting this summer with PLUG being involved in some way with all of them. That should help the stock and add millions to the future bottom line.
So, Andy said Hubs starting this summer being announced and yet Jack says none in 2023 or 2024. Why is that Jack?
These nuisance suits are brought on by shorts to drive the price down. Granted, Andy gives them fodder, but you cannot sue just because they missed their numbers or clients delayed taking delivery unless you can prove it was just a flat out lie.
Good question and maybe a bit of both. I noticed a bit back they had developed thier own products and wondered if they just did not copy us or is it really so had to design and build your own assuming you have a few good engineers and loads of cash like Twiggy does. May have been a falling out or they both have too big an ego and delusions of grandeur.
Smart of them to have numerous suppliers and if they succeed there will be plenty of business for everyone. Funny how Andy has changed a bit in his thinking as he said he never wanted to be a part supplier but own the product. So, what have we become? A part supplier. Everything we build will go to support a product we do not own, but a customer does. Maybe, the Hyvia partnership comes closest to ownership.
Numbers yesterday were not as good as one would expect. Most all the gain was due to two things. One was an increase in inventories and the other government spending. Real GDP growth was less than 1% if you take out these two. So, putting lipstick on this pig does not make it look pretty. Good thing for us is we have business, and much will relate to Government spending in the later half and near future so good for us. Our biggest problem now actually performing and staying ahead of the curve. If we can do that and control cost, we should be OK. I do wish that Mangement and the BOD had some accountability for performance beyond the stock price that hurts shareholders. Why are they still rewarded handsomely for continued failure. Why no ramifications for missing again? No one loses a job or takes a pay cut. I don't see Andy manning up to take a pay cut until we are profitable, but he sure has a big payday coming assuming we hit $100 in 2024. Must be nice to be King. Also, why is he not joining in today on the march or supporting naked short selling issues? If he's not aware it is an issue, then he needs to wake up because it is obvious to anyone that has owned this stock for some time.
Sadly, transparency is lacking and has for some time. We get teased with pedestal customer announcement, but then nothing for ages. We have MOU's and JV's and even some acquisitions that seem to fade away and never heard about again. This FFI news had to be dragged out of them and I had posted about this since the Symposium. I guess the analyst reads our post. If it is important enough to PR as news when a relationship is established, it should be also when it ends. So, what has happened with our deal with Chevron? Were they going to build out H2 stations? Are they the new partner in production of Peaker plants? It looks to me we are heading toward bigger plants and equipment and for that we need deep pockets and expertise. A Chevron would have both tons of cash, a load of engineers and a workforce that can transition to green energy.
So, this will be the second quarter in a row now that they had to adjust revenue due to delays. So. last quarter was to make this one even bigger, but now this one will also be smaller. So, should we expect Q1 to be twice as large or more since it is usually smallest? How many more misses do they get? Seems there is no personal cost to any of them if they screw up. Where is the accountability? No one loses a job, gets a pay cut or anything. I realize stuff happens and this is a new industry, but they have enriched themselves handsomely and failed time and again to meet goals and protect the shareholder's interest.
I felt Andy sounded kind of choppy, but I did appreciate the warning on earnings. I just wish he was more upfront on everything else. I did find it odd that they moved business up to 4q last quarter and now moving it to Q1. Seems delays are worse than expected and this business is not as easy to get running smoothly as anticipated. The Ga. plant is way behind schedule but will be a learning experience for the future. Funny that they were touring an oil company around the plant. With the oil industries labor pool and experience in handling huge projects it makes perfect sense to bring in experts to partner with to decrease capital cost and create synergies. Seems like they are trying to act smarter about growth and use of capital. Also, making them partners versus competitors is smart because Andy has to know while he has a head start in the long run they can outspend and bypass us pretty quickly.
Odd that gross margins so low in 2023 and then way up and yet OI decreases. I guess they are being conservative or feel prices will be competitive and they may have less profit per sale.
Good management knows when they are over their skis you get the best help possible to help you. I think this is a smart move to bring in experts.
I think Jack this is why we are working with Mckinsey for professional services and planning. I agree they tended to get too many irons in the fire and were using a shotgun approach versus being laser focused in a few areas that had near term profits and no something for 2035.
There have definitely been many blunders and missteps, but they are building a new industry and you will make mistakes. He did keep the company alive, but at a huge long term cost we are still paying for, but better than bankruptcy. We are about to see a huge uptick in business with all the Hubs and projects coming online and unless they screw up again this may be a bad time for a transition of power until these deals are settled and then look at moving Andy to another position and replacing Paul. Just my humble opinion.
Yes, I think the anticipation of Weds. is the big draw. Shorts covering and will reset Weds. thinking Andy has nothing to offer more than known already. It will go up if he has some red meat. otherwise, we go back down to $15.00-$16.00. We will need something big to make buyers come in and traders want to stay.
Jim Cramer- When asked about Plug Power Inc. (NASDAQ: PLUG), he said the company’s CEO Andy Marsh has promised to deliver "profitably for a very long time." Cramer added, "My bountiful patience is beginning to get tried." In a way I have to agree with him on this. Being from Cramer this is pretty good news. Swaggy has Max Pain at $15.50 this week and about the same for the next month from $15-$15.50 at this point. Makes me wonder if we don't have a sell on news after Weds. or even after hours. I hope Andy has something new and compelling for people to add to their positions. Maybe, like a deal with Bill Gates and that Helio projects?
Wish I had jumped on this one, but held off fearing a dilution and P&D. I also listen to a guy name Steve Van Meter. Pretty good synopsis of what is happening. I look at a few that are stock pickers, but like Moon Market and Theresa Perrin as more a curiosity than to trade since I'm usually out when they make their calls and the stocks had already moved. Every once in a while, they put you on to a good one, but you better use stop losses, or you can get wiped out quick.
Wall Street Stole $300 Million From Me. I'm Getting It Back. Look this up on YouTube. All CEO's need to look at the fraud going on. This includes FINRA and the SEC being complicit. Look at the MMTLP garbage that just happened..
I sent this to Roberto to have Andy view it. I said all CEO's need to join the fight. Look at GNS and HLBZ today. We know we have been manipulated. We will see if Andy has the stones to do something or if he's married to the street.
Funny how, due to worries about the environmental impact here we ceded rare earth production to China and virtually allowed them to corner the market. How short sided we are and now it is happening once again with oil and gas. Reality is the transition will take decades. Sure, you can subsidies green energy and advocate for it, but it needs to be thought out and planned to cause the least amount of pain and duress on society. Forced change never sets well with people.
In Georgia so we have a bunch of distributions centers. Kingsland, Ga. is a few hundred miles south of me.
Over $18! Now I only need another $35 to get back where I started. Oh well, my fault. Should have sold at $70 or at least when Andy cashed out and SK took that position at $29. That was the ultimate sign I missed. That told us what they thought the real value was at the time. A long road back!
I'm thinking if he gets us to $100 in 2024 and gets his huge bonus, he becomes COB or some position like that of a climate czar or lobbyist and Sanjay takes over as CEO.
I would like to hear something on Data Center business. I wonder if MSFT is their test site before they go after Amazon and the other big users like airports, credit card processors and the like?
Ameritrade Smart Score is 10 for Plug and 7 for Bloom. I hope Andy has some new red meat for us next Weds. and not the same repeat of what is expected in 2025 and 2030. Now I would like him to reiterate when we will actually make a profit and not just EBIDTA.
We can add, at least temporarily, the nat. gas price decrease should help near term. The game changer to me would be for the 3MW back up power stations. Once that is proven to work that market could be the largest sales funnel in a matter of a few years.