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Sorry, the woman is a fool. The reason to produce LNG was to offset the cost to Europe after we blew up the Russian pipeline and supply them and hurt Russia. What has changed? After billions in investments, they just delay them. How can any company plan with the whims of politicians change daily? Same with the games the IRS is playing with the IRA bill. Allow things to progress as intended
Paul, who cares if it is not your desire and hope if you are actually doing what you said you would not do. If you had so many deals out there, why did you do this B. Riley deal in the first plac?. This is a terrible deal for long term shareholders and looks more like a desperation play because no one else would take the deal.
Worst case is looking more probable daily. If you planned or knew things would get better, would you be buying shares here if you were in management? If you knew a reverse split would occur in 12-24 months, would you? If Green H2 makes it then there will be strong demand and an insatiable need for cash. The are not selling billions of dollars of shares at $2-$4. They will do a reverse and then do it at $30-$40. Seen this play out this way in the past. They will just adjust their stock options. We cannot just adjust our shares.
Is it a coincidence that shorts are covering as the ATM is rolling out? I wonder if B. Riley is shorting Plug while dumping shares or do they have to hold the shares and are they allowed to own puts? It would be convenient for them and typical that shares get unloaded on retail. I suspect after all the shares are unloaded and the DOE loan gets done the Reverse Split the stock to get it to $30-$40 a share before the next offering. It would be like setting the clock back and having a redo. What do you all think?
Come on Andy where's that short squeeze. Seems nothing will bail us out down under. EV45 is questionable and the DOE loan who knows. It is all just a small bump back even if it happens. Getting really tired of this and close to the end of my rope hoping they get their act together, Should have sold so many times and there were so many signs I should never have ignored.
Of course, there is. You talk like it is the end of the world if something is not done. There are other options and new technologies out there and to come. We can also stay the status quo and survive as we have. The Earth is not ending anything soon unless we nuke ourselves out of existence.
This is interesting but a private company producing energy at $50 per megawatt hour and it is clean. Just got an Airforce contract and the technology works and is being replicated. https://www.msn.com/en-us/news/technology/air-force-partners-with-startup-to-tap-virtually-limitless-power-source-as-close-to-the-holy-grail-as-you-can-get/ar-BB1jEZyn?ocid=msedgntp&cvid=ce45102a0ef2454b94545e5b6098c1c5&ei=13
They always stated it was 2\3 less than they bought it for so it would seem, if they are being honest, that it should drastically reduce cost. Of course, they said the high csot of gas, now down under $2 was a cause before. So, who knows what the reasons really the reality with Plug and what Andy and Paul are say. I mean every couple of years they would say they reduced the cost of FC's by 50% and should be BE and that never happened either.
How can they still be losing money in their largest segment when they raise prices, Nat. gas under $2, Green h2 66% less and replacing nat. gas, raising the prices to customers and by now certainly economies of scale thus lowering the cost or production and better quality. Just how much underpriced were they to not make any money on a segment they controlled and are leaders? Makes no sense.
So, if they cut 70% off the top that leaves 540 million. How much will price increases, head count cut and the sales of green H2 cut off this 540 million is now the question. Also, will the 70% reduction really happen or will that be over time?
So about 33.5 million dollars. Not a huge investment, but sizable.
Looks like the market tide is taken all ships up. Thank you Nvidia. Maybe this forces some covering of borrowed shorts that got in the kill PLUG game late. It will take a lot more to move them all.
Jack, I don't find much we agree on and your negative 'More Bad News" gets tiring, but I agree with this one. We have to now prove we can do what we say until Andy does that it is a wait and see game. The proof is in the pudding as they say.
Seems Green H2 is not so easy after all if it takes until 2Q to get Ga. to 15ppd.
Hope we get a piece of that action. Now if the IRS would just go with the original IRA or compromise in our favor then we would be in better shape.
I do wonder if Andy's last move of saying we do not intend the use the ATM while doing it and the comment on a stock squeeze is just not an excuse for a class action lawsuit that would allow him to bankrupt the company and to start over again? I mean why would anyone do such stupid things unless he feels that being a savior of the world from pollution allows him to do whatever he wants to accomplish his goals including lying, deceit and securities fraud. He must have a melomaniac complex or something.
After Andy told us we were not using the ATM. I would call that a blatant lie to shareholders. I can almost guarantee that B. Riley is dumping and shorting at the same time and Andy does not care as long as he gets his money. He definitely should be sued for lying to us all once again. I don't think a disclosure statement should cover this one!
https://www.msn.com/en-us/money/markets/gold-hydrogen-a-near-limitless-supply-of-clean-fuel/ar-BB1izTCU?ocid=msedgntp&cvid=6eed0e75542c45428ad1584aff194f7f&ei=193
Seems that the Honda\GM combo is playing in our space
Jack, they said constructing start in 2024 and completed in 2025. The rest of the details, as usual are vague.
Funny, Ford just announced huge EV cuts. https://www.cnbc.com/2023/10/26/ford-will-postpone-about-12-billion-in-ev-investment.html#:~:text=Ford%20Motor%20said%20Thursday%20that%20many%20customers%20in,in%20planned%20spending%20on%20new%20EV%20manufacturing%20capacity.
So, either they have something up their sleeves or it is someone else.
Manchin announced he will not run for President. Does this possibly mean he traded not running for 45V to revert back to its origins? Now that would be sweet.
So, did we have any business with them or was this just an investment and they took a loss and got out of PLUG. No sure I am getting the whole picture. Did they switch to Nucera as their provided and dump Plug. No sure what is being implied?
Now let's hope they actually do it as it is a very long time coming and a step in the right direction to getting the DOE loan.
That set us off for a huge run, but that would be giving the store away on the cheap and dilute ownership would it not? That should have been the sign to sell before the accounting blunder since the offering was so much below the going price back then. Who ever thought we would blow through their $29 a share to where we are now. We also thought their board membership would help, but that also proved false.
Yes, because Andy has never let us down nor has he pumped the company and never delivered. He's never restated earnings an a few weeks later missed. He's never said they did not need money and the next day done a huge offering. He's never promised 10 pedestal customers and not delivered them all. Need I go on? His track record stinks, and we all know it, but we should trust him now? Why? When the shorts have been right time after time for the past few years why do you think we just had a huge increase despite the price? Come on use some logic.
So, was Andy lying when he said all the financing for the plants was basically done? Now they are dependent of the DOE loan? I really do not know what to believe with him.
It is sad when people lose jobs. I do not know anything about the company, but if you just build fuel cells that could be an issue as they become a commodity and unless you can mass produce then it makes it hard to compete.
Yes, but remember they did that about a year ago and still missed the lower numbers. Do you think he actually learned from the past? Now that would be novel for Andy and Paul.
In other words, we are not ready for prime time nor competitive without massive subsidies. Looks like this one is unlikely to be anything but a drain on cash flow and will maybe pay off by 2030, but a long shot at that.
I thought they were to have 1000 sales last year and I don't think they had one. So, why is this? Did the test vans not work as expected or was there and issue getting Hydrogen? What's the hold up. I thought we were to get 30% of the market in Europe by 2030?
Yes! Since we allowed China to take over the rare earth minerals market then Hydrogen could put us back in control of our own destiny if they don't foul it up with 45V.
When do you expect that to happen 2030, assuming everything works? Thing is he's diluted the stock, yet again, so revenue and earnings will have to be much higher to get to that price unless we become a cult stock like Tesla did. Everything has to go right from here on out. There's no room for more screw ups, broken promises and outright lies. They have to perform and show a sustained profit and stop being a charity. I hope them finally raising prices is the first sign they are getting what many of us have been saying for years. I would be more confident if management and the board would make open market purchase of Plug stock, which they have failed to do. They need to make a stand with their money against the shorts, assuming they really mean what they say and are not just more hot air.
Really? Hey Newbie get a clue. High employment could also be the reason we do not go up much today as this will keep interest rates high, which is bad for small caps like PLUG. Just because I do not pump the stock does not mean I am creating FUD. Andy and Paul have done that for years by constantly missing projecting, accounting scandals and lies to shareholders. These are facts if you have been here for 10 years like a few of us. We can love the idea of hydrogen, but still not trust those in charge of Plug as they have mismanaged the company for years and after they tanked the stock from $75 to $2, they are finally concerned enough it seems to make changes. Until they can create a sustained profit, they deserve no slack and are more than lucky to still have employment in my opinion.
Kind of expected a sell on news and money flowing to the big 7 with the huge earnings beats by most of them. It will be interesting to see if sales of H2 this quarter will make a real differnence in earnings as promised by Andy. If you all remember we have heard this all before so if he cannot make anything profitable then we are in real trouble. I'm hoping with the price increases we finally see the start of a positive trend to actually making money as the year progresses and no more dilution.
Does seem like a lot of weight, but if is an ongoing cycle of fill and replenish maybe it could be smaller than we think. It will be interesting to see if it ever comes to market. Toyota is big enough to at least try new things.
https://www.linkedin.com/pulse/water-engine-toyotas-game-changing-tech-xzu0f/ This makes perfect sense if you can, as Giner ELX was working on reducing the size of an electrolyzer. If this could all be done in a car or home to provide electricity at a reasonable price this would be great for society. I just wonder how long this takes or it ever gets to market.
CEO. He thought he could carry the freight to keep them happy until the other businesses that had a built-in profit covered the cost and profits. He made a large tactical error.
As of 2022 GA. Power sources of power 48% gas, 27% Nuke, 21% coal, and 4% hydro and other. Since then, another reactor has come online.
Well, Isn't that a pisser. A plant could be set up around football stadiums, bar and pubs. Not sure of the smell factor though.
BB, why do you think Andy will all of a sudden change? Did he show that yesterday? To me he showed the same deceit in not telling the whole story on the TPD and DOE loan. He said nothing on what they are producing now, but what 4-7 by weekend and 15 tpd in 3 weeks. Then we find out the DOE loan is not really done until 3Q. So, are we to believe a 70% reduction in cost? I mean how many times are we supposed to trust Andy? Where's the big squeeze he promised? Was that it yesterday He says to just trust him. Well, I did and down 90K. He has not earned anyone's trust and proved it yesterday. We are. being diluted and he's keeping the ATM, the DOE and on top of that looking for more cash. So, how long will that last? Maybe 2-3 years and he will be doing a reverse split and another huge offering for the next buildout. I guarantee that is where this is headed and Andy does not care about you or me, just survival. I can say one thing that I liked and that is that they are finally charging more for their products. About dam time.