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Do we lose any advantage we have at that point or our we likely to license it assuming a major University comes up with the better mousetrap. At that point it would depend on who can produce the most at the lowest cost.
I agree we should see better margins in the H2 cost, and I would think fuel cells also as older models should be seeing a lot of replacement with newer and lower cost to produce models at this point. They never seem to talk about this. I think the cost reductions and price increases we will see more each quarter as we go on. I would think revenue from the new cryogenic trucks, deliveries, and engineering services will be up also and may be a surprise. I do hope Andy for once in his life sandbagged and surprises even the Zack gang, but if wishes were fishes, as they say.
https://www.blackridgeresearch.com/blog/list-of-global-top-hydrogen-electrolyzer-manufacturers-companies-makers-suppliers-in-the-world We are 16th on the list despite what Andy makes you feel like you are the only one and best and that PEM is the only choice. For PEM- https://www.hydrogennewsletter.com/leading-pem-electrolyzer-manufacturers-for-green-hydrogen/
Of course, China leads and surely the cheapest
Wow. They dropped the ball again and once again kept this quiet from shareholders. Is this being a good fiduciary Mr. Marsh to shareholders and citizens in this county. How does this fit in with all the EGS, environmentally friendly, sustainable bs you have been espousing?
Seems the Investors Village is joining the Fool on hit pieces. Up to Andy to prove them wrong because they have been right like the shorts for the last few years. Yes, I hate them too, and I think they tend to tell half-truths just like Andy, but they were more right than wrong. The thing is only Andy, and his gang can right the ship. It sure would be nice if the bums bought shares as a sign of faith in the company growing and surviving.
I guess that is the good thing we did by spreading our business out worldwide. I do think Andy is too optimistic and trusting of some 'partners' and maybe he relied on them being ready to move and this has cost us dearly. This includes Twiggy and his good buddy slimy Schumer, who has been quiet about everything regarding green H2 and all the domestic issues. I do find it interesting that we find ourselves with these issues to riot over from the Wall street gang, George Floyd, Black live matter and not the hate Israel crowd now. The DNC convention should make 1968 look like a party. This is what happens when you worry about power and trying to appease the Marxist left progressive. Sadly, Biden is just a shadow puppet for Obama and his gang. I don't like Trump, but we probably need someone like him to clean house throughout our Government to weed out the bad players in the FBI,CIA,DOJ etc. Also, have the Soros family and the Open Society shut down as an organization promoting violence and jail George and Andrew.
That news from China ought to be a huge sign that if we want to lose another industry to China, we need to get 45V and the DOE loan moving like yesterday. Time to stop this delay and get going! Everyone is waiting for the rules and to see if projects make economic sense before investing billions.
I wonder if this move by Ole helps or hurts Plugs future business with Nikola. I have not heard anything about the deal with them saying we would take so many trucks for one of our units have you? I just wonder if there is a future relation here. Seems they have gone to different companies.
I wonder why he left. He was hired to set up the factories I believe. Maybe he was no longer needed since they are all complete now? I hope he did not leave because he felt the days were numbered and he would leave a sinking ship.
Why? What has he done to increase the value to shareholders. This is a slap directly in our faces!
Talk about a rigged election. Do we live in Russia or China? And the BOD is going along with this? Shame on all of them!
You are cordially invited not to come. I guess they have so many people mad at them they are afraid to allow their shareholders to attend. I guess security and metal screening cost would be too much?
Well, a promising start just faded away today. I wonder how much longer 45V can be. The pressure has to be on the iRS.
Wow, all the risks and lawsuits! Sorry, I cannot vote for anyone that has governed a company so poorly. Even though they will all win I think we can all agree that a protest vote NO will at least send a message that we are sick and tired of the poor leadership and how they have run the company into the ground.
So, what the heck happened from August to the end of the year? How did they miss so bad on revenue and all the cash dry up? What happened is what we all should be asking or were they just blowing smoke because that is a huge miss.
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.