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Yes, this is the year the money starts pouring into Green H2 from governments, companies (think $1 Billion from Plug again) and investors. Just saw that Bloom inked a deal with a distributor on the Iberian Peninsula. Still likely to be a bumpy ride as markets more than unprofitable companies swing trades. Next week starts earnings week so it could be dicey. Then we get a rate hike the first of the month. Thing is the trade in the NAS is very one sided so any good news could be powerful with all the shorts. Glad I got a few more shares in the $12's.
I guess all noise until the check clears. Still, you need a lot in your sales pipeline to keep going. Well, hit 68 tomorrow and just think I was so much younger when I started this Plug journey. I just hope my health stays decent so if ever it hit $100 or more, I can enjoy a nice trip or two off of it.
On Plug's Twitter page. Interesting they mention this. Should we assume we are involved if mentioned on their page? https://pib.gov.in/PressReleasePage.aspx?PRID=1888547#:~:text=Mission%20will%20help%20in%20India,major%20sectors%20of%20the%20economy&text=The%20Union%20Cabinet,%20chaired%20by,approved%20National%20Green%20Hydrogen%20Mission&&utm_source=organic-social-pr&utm_medium=twitter&utm_campaign=green-hydrogen-mission&utm_term=APR
Makes you wonder if every time they doubled production, they saved 25% in cost then why did the losses increase when we were told this would make us profitable? I do wish the analyst would ask Andy that question. I'd love to hear his answer. Too bad they do not let us ask questions.
Because I never got in big debt and paid off bills as they came in, I own my house and cars. No debt. Was on my own at 17 and have been since.
Potential good news coming. We are mentioned twice in the article and two partners in one. https://www.enr.com/articles/55689-first-shortlist-selected-in-7b-hydrogen-hub-funding-competition#:~:text=First%20Shortlist%20Selected%20in%20%247B%20Hydrogen%20Hub%20Funding,U.S.%20Image%3A%20US%20Energy%20Dept%20January%204%2C%202023
I think we need to come into the reality that the run to $75 was just all hype, pump and meme craze and now we are in the show me phase with a crappy economy and no longer in a low interest environment with tons of stimulus. It will be a very long and bumpy ride back up that hill and Plug will have to change its way. Margins will have to get better each quarter. Cost will need to be controlled and most of all no delays and we hit the targets set. No more over promise and underperform BS and us actually making a sustained profit. We have given away enough freebies to Amazon and Walmart to demand loyalty and future business. Time for them to treat us something more than their bitch.
Tons of news in my box on Plug from trucks to intrinsic value, which they said was right under $7 billion, but I highly doubt their growth numbers used. Here's one that may push things in the trucking area along with the huge tax incentives from the IRA and Ca. https://www.theblaze.com/news/california-law-big-rigs-illegal
Thanks, good to know. Seems this agreement from years ago finally starting to develop, but still iffy as to the timeline. I had thought we would have been further along by now, but things never happen as quickly as we would like, sadly.
Thanks for the comment and yes, I know the plan, but we should have been profitable with just the FC forklift business and instead we are losing huge amounts of money. As my mother-in-law used to say, Time to shit or get off the pot. We better see a blowout quarter with a marked improvement of losses, or the stock will tank.
I wonder if they will use any products from PLUG at all. Either way it is good to see a start and hopes for our deal with Nikola. Hoping other come soon as we expand our supply of Green H2. It will probably be slower than we all want, but in 10 years I'm betting most long haul will be mostly battery and H2.
Why do we have to wait for Green H2 to come online to become profitable? Should not each unit be profitable by itself? If not, why should that piece of business be continued as is? If they have looked at the business model, as they should have by now, what could they have done to make it profitable? We were told that reduction of the fuel cell cost would make us profitable and yet it has not despite we were told a huge reduction in cost due to being more efficient and economies of scale. Were they not pricing the product correctly? Did they not increase prices to cover the increased cost of employees, cost of Natural gas etc.? So, now the replacement of Blue Hydrogen with Green is the answer, but we hear they will have to gift off some of the tax credit to maintain business. It just seems to me that we should have some pricing power as the leader in this space, but at the same time give away the store to get and maintain business. So, will this next fixed to replace Blue with Green the answer or just another promise from Andy that fails to deliver. With the price of Nat. Gas collapsing will there be a huge incentive to make the switch over by clients, except the ones doing so because of mandates. Anyone, that has been here as long as me might have the same questions if being honest with themselves and knows time is running short. We have the big boys with all the capital at one end and the new startups with new technology both yapping at our heels. If this new strategy fails to make us profitable then there will be trouble.
Jack, really? They illegally front run trades using high frequency trading all the time and it is allowed so why would you think that?
More likely hedge funds setting up illegals ladders and collapsing them to buy low and sell high again and again. With a crooked SEC they really don't care because they know that only the little kids that scam people get caught and made examples of while the Big Boy Mob does it daily and pays their tithe to the politicians and the game goes on the
to the detriment of the small guy. It is the same garbage year after year it has just gotten worse and the computer get better, AI, and going dark on most trades increased. We need a whole new market that has 100% transparency of all trades as they happen. No synthetic shares, no trades to bypass the 3 day closing rules, no dark pools, no front running. I sure some can add on to these.
Very aware, but so are most all tech stocks even Tesla is down as much as us. Amazon down 50%. The only big winner was oil stocks. The irony is just too much!
They are taking their sweet time on this. Not announced until this summer. I guess they want to get their contributions in before the 2024 election to see who gets the contracts. I hope the IRA business development moves faster.
Well, we need time anyway to get the H2 fueling stations up and running and Green H2 supplies. I agree a slow roll into 2025 then it heats up going into 2030.
Huge incentive to buy trucks in Ca. and NY now. I know they also want a national plan and tried to pass it, but it has not yet. More incentive to buy trucks in those states. I know part of the deal with Nikola was a H2 plant. How many of those will be needed to supply all the trucks? They are H2 hogs, so I expect quite a few plants will need to expand capacity. Along with that until the needs of supply are established our services of transport and cryogenics will be needed. How many other companies can supply the full Monty?
Merry Christmas I hope you are feeling better. It is a wonder how some people ask that you be open minded while theirs's closed.
I do wonder how many cycles and year the batteries last and how that compares to a diesel engine that can last 1 million miles or more. I wonder if the cost to maintain would cover the cost of a new battery?
Well, from what I could find online the cost of a NIKOLA truck is $270,000. If you are a $180,000 credit it cost you $90,000, which is much less than a conventional truck that might run $170,000. Since we supply the H2 that saves us money also, assuming we get the tax credit on that. These trucks have little maintenance cost so operations would be less costly. Deal is looking better already.
Yes, that was part of a P&D on MMTLP. That whole thing was fishy. From Finra allowing it to even trade, to Mangement pumping and selling to Hedge funds shorting and being bailed out to online promotions site scamming people. In my opinion all look complicit and that is probably why they will fry these kids running these pump and dump schemes like organized crime. Watch the big guys walk off with no problems.
great find! Went to YouTube and saw after minute 17 showing the door with information. So, maybe that is the tie in? We supply the H2 for Walmart. Now is we just sign a big deal with them like Amazon. I thought more likely it would be Amazon. Hoping we see a big deal announced soon with Walmart.
Maybe, but wondering who has been testing their trucks? I don't see that either Walmart or Amazon is from a Google search. Walmart was testing numerous options including Natural gas, electric and one fuel cell from Capacity out of Tx. I was hoping to find a tie in to one of our big partners. This could be a huge market for us eventually if we find the right partners.
Funny how many thought Hyzon would be the one and now we deal with Nikola. A bit risky with their past, but if Sandy Munro is right, they have a great truck. So, Toyota, Hyundai, Hyzon, Tesla and now Nikola look to be going after the class 8 market. Sure, there are others, but this may have forced our hand. Think about it. We start producing ton of Green H2, maybe more than the market is ready or willing to buy (as diesel prices are also coming down and a recession is looming). How do you assure there will be a market? Well, buying H2 hog class 8 FC trucks is one way. Add the credits on trucks from NY and $3\kg for H2 and it makes even more sense. On top of that you are testing the technology. If successful, the orders will flow and the transition out of diesel will go ahead. I know Congress was working on extra incentives on class 8 trucks, but I don't think it past yet. I expect states to start outlawing use of diesel trucks by probably 2035 and forcing the issue and then Congress will step in calling it The Food Secuity Transporation Act or something along those lines.
That would assume we have infrastructure at these H2 plants to fill class 8 trucks, but I was thinking long term with trucking throughout the US on major highways since the mention of Walmart and Amazon. They could not just fill class 8 trucks at the Fulfilment Centers like a forklift. This would not be sensible with all the centers. A better way is like with Truck Stops every few hundred miles down major highways good are transported.
I think you are getting way ahead of yourself. You are talking huge amount of Green H2 needing to be produced for a fleet of trucks, costly fueling stations that could handle class 8 trucks, and a big production of the trucks. This will take years to build out. Maybe if they get a commitment from the big customers, line up major fueling stations with truck stops across the major highways and get started now then it could be rolling by 2028-2030? Thing is to get increased funding we would need we would need commitments by our partners.
Just saw today that Amazon is closing a fulfillment center in Kennesaw, Ga.
I'd love to see the numbers on this deal. How much do we make of the sale of Green H2 and the equipment we are selling them? How much do the trucks cost us as we know they are what 2-3X more than a diesel truck. Do we get the $3\kg tax credit using our own Green H2 used to fuel the trucks. So many moving parts and risks in this deal. Nikola had its issues. Are they healthy now and will they make it as a company?
This could end up a great marriage, but it will take time to see how it comes out. I don't think this will do much for the stock price today.
I hope you are right but will believe it when I see it. So many years of promises to be profitable with the reduction of FC cost etc. Still the losses increased. I feel we have been dragged along as everyone made money but us because they knew what was really going on. I feel sorry for those that bought shares at $60-$75! I hope Andy and Paul have a reality check, but worry Andy has this by any means necessary attitude and just tries to appease the analyst. We do need a voice on the BOD. We need to be able to ask questions during the meeting just like the analyst. At least 3 per meeting. I hope with all the EU and US money being spent in this sector we can get our share. If we cannot make money with all this Government spending, we will never make it. Merry Christmas.
Yes, but just a very few months ago we were at $30 and now that is a 12-month estimate? Last year we were at what $46 and the year before $75. We sit at $15 so I find it hard to get excited. Sure a 100% gain looks great if you bought at $15, but when you bought those $2 billion at $60 or have a $45 average like me it stinks. 2023 looks to be a long, long year and most calling for either a mild repeating recession or a very deep one. I think we will continue to be pumped and dumped and controlled by traders once again, sadly. Maybe after 2-3 quarter of actual profits we will get some respect.
Wow, that is depressing. Guess the market will let us get to maybe $28-$30 before they dump us again? This will be a long road to recovery and BE for me at $45.
I agree, why are only insiders hearing material information? I thought this had to be given to all and not select people. This BS and another reason not to trust Andy. What else is he not telling us? Why are small shareholders treated like second class citizens?
Not necessarily, but possible. What about the Green H2 we use in house or for current clients. If there is no competition at the time and we beat the market, why should we give the credit away? Heck, we already gave huge warrants away. Is that not enough? I know Mr. Potter demands more of Mr. Bailey at the Savings and Loan, but about time Andy grew a pair.
Well, that is better than Henrik's but a delayed endorsement still. We are all waiting on management to get the ship in order and become profitable. Gee, just maybe if we did not pay management so much for continuing losses then we would be profitable sooner, just a wild thought. Maybe a surcharge for high Nat. Gas prices, but not sure contractually we can do that and figure that was another stupid thing they agreed to with our 2 biggest clients just to stay in business a few years ago. I know we got name recognition, but what a cost. They must have just shaken their heads and said do you believe these guys? Hopefully, with lowered cost they too can be profitable one day.
So, this is part of VW? Will they be competition for Hyvia? Funny, I thought the CEO of VW was against using H2 along with Musk?
On the Ca. deal not sure how long that takes as just getting permits to build there takes forever with them.
Just heard exports from China down like 90% and ships full along with inventories. Looks more like a coming deflation soon with little demand. Yes, just like the Great Depression. This would force the Fed to back off hikes it seems and maybe as soon as Q1? So, if this happens and since we are down so much can we have that much further to go down knowing that the two laws passed by Congress will flood billions into our sector. We may end up a safe harbor in some rough seas. Granted sales of forklift fuel cells may not have the growth as fewer new store and warehouses will need to be built. Thoughts?
Yes, too bad he got his panties in a wad if anyone did not agree with his opinions. We all need to be more open minded about the realities of our situation with PLUG. We are a business formed to make a profit first and do good for the planet is an offshoot of our success and not the other way around.
The Euro is up over $1.05 now. This makes us even more competitive. I know back 2 years ago we talked about factories in Australia, and I think France. I wonder if either are still in the works. I remember a global map Plug put out with dots all over the US and Europe. Have we scaled back on those plans with the economy or are we delaying plans to see if demand is there? Seems demand in Europe is for sure with all the huge projects announced. I guess we see the massive Hub projects here after the first of the year announced. Will we get our share?
Yes, saw that one the other day. Seems like the projects coming out are mega sized. They will need larger electrolysers versus the small ones or banks and banks of them, which might be practical in a limited amount of space. It would be nice if we had some clarity on some of these and if we are involved. The hard thing without a technical background and at least 3 different types it is hard to tell who has the lead and best technology at the best price. Of course, everyone will say they have the best of this or that, but it comes down to who can get the products out at the best price, lowest cost to produce power, and can do the job. I do wonder about the deal with Twiggy. He was front and center the first symposium and nothing this time. After everything that has happened with Plug what they don't say scares me more than what they do say.