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I think you need to retake physics 101.
It's an electric motor (4 of them) so they need electricity to run - that comes from the battery that is charged when you plug it in to a charger.
BUT so few moving parts may be as few as 5 to maintain.
Thank you Hoghead7!
Totally agree with what you told them.
Toyota has been a long time coming
why is this stock all speculation?
they have a factory that has produced 200+ BEV class * trucks and 3 generations of pre-rpoduction FCEV class 8 trucks used by Budweiser Walmart and others.
They have a good orderbook, receiving more BEV orders from initial dealers/fleets.
Yes they have cash flow issues due to the share price being manipulated so low that a typical quarterly cash raise like they have done for a year r os would wipeout the remaining A/S. But they have raised cash for their assets and hopefully a DoE loan
But not really speculation. its an opportunity to get in at the bottom for the Tesla of trucking
good to see news from Korea. Not clear if they are expecting the MOU to cover new business or just enhancing existing installed systems.
they already have enough votes since the rules changed, no need for another - but since it is announced they have to go through it
the one before the one before the current one may have been - although technically he didn't lie the courts found he did.
the current one is one of the best auto execs out of Europe.
It all flows back to his time at PayPal.
The PayPal developer site was x.com. I wonder if my really old credentials will get me a blue x mark on the new “Twitter”?
being pedantic I think this was the world's first hydrogen powered train - when it ran in Europe.
It just happens to now have run in Northern America, but it will always be the world's first hydrogen powered train.
English is a lovely language don't you think? 😉
I think you are correct.
Our plant in Graham Texas may be OK as we are taking the power form a dedicated wind farm as I understand it. the farm may not yet be connected to the grid - like so many other renewable projects.
That is the problem with these additionality clauses. The new source of power (wind in particular) cannot connect to the grid to compensate for any excess used by green hydrogen plants.
Will be interesting to see what the next round of sites for hydrogen production look like in terms of sourcing their power.
Companies like HTOO (bakersfield CA) will be good as they are self contained just needing the water.
I wish someone had checked te slide first - the right hand column should not be using hyphens to "bullet" the numbers it looks like these lose jobs and lose investments as the hyphen is interpreted as a minus sign.
As far as PLUG is concerned they still need to press ahead to be generating the green hydrogen for their on customers as that affects bottom line for sure. So Andy has to press on with Georgia, NY Stamp and Graham, Texas.
the debate is how much to invest to generate surplus green hydrogen for off take agreements - some of which they already have (nikola and Amazon) if th eITC doesnt help price the gas for the end user
takes 10 seconds to realize that chapter 11 is NOT bankruptcy as the general public understand
https://www.justice.gov/ust/bankruptcy-fact-sheets/overview-bankruptcy-chapters
The Bankruptcy Code appears in title 11 of the United States Code, beginning at 11 U.S.C. 101. Its principal chapters (7, 11, 12, 13 and 15) are briefly outlined below:
Chapter 7
Chapter 7 bankruptcy is a liquidation proceeding available to consumers and businesses. Those assets of a debtor that are not exempt from creditors are collected and liquidated (reduced to money), and the proceeds are distributed to creditors. A consumer debtor receives a complete discharge from debt under Chapter 7, except for certain debts that are prohibited from discharge by the Bankruptcy Code.
Chapter 11
Chapter 11 bankruptcy provides a procedure by which an individual or a business can reorganize its debts while continuing to operate. The vast majority of Chapter 11 cases are filed by businesses. The debtor, often with participation from creditors, creates a plan of reorganization under which to repay part or all of its debts.
Chapter 12
Chapter 12 allows a family farmer or a fisherman to file for bankruptcy, reorganize its business affairs, repay all or part of its debts, and continue operating.
Chapter 13
Chapter 13, often called wage-earner bankruptcy, is used primarily by individual consumers to reorganize their financial affairs under a repayment plan that must be completed within three or five years. To be eligible for Chapter 13 relief, a consumer must have regular income and may not have more than a certain amount of debt, as set forth in the Bankruptcy Code.
Chapter 15
Chapter 15 provides debtors, creditors, and other parties in interest involved in insolvency cases in foreign countries a mechanism by which they can assert their rights. Generally, a chapter 15 case is supplementary to a primary case or proceeding commenced in a debtor's home country. One of the primary goals of this chapter is to encourage cooperation and communication between the courts of the United States and parties in interest and foreign courts and parties in interest in cross-border cases.
so they are storing 30 minutes of energy?
seeme expensive to keep the lights on for 30 minutes - what is the facility that is so valuable?
the. company stated tha each quarter they will estimate what their capital requirements are for the next 12 months.
if they are short of sufficient liquid assets on their balance sheet they will seek financing (typically sales of shares but could be other financing) to have that 12 months of required capital available.
So if they have just raised (at end Q1 $124m it isn't that is what hey needed for Q2 2023, nor is t directly an dindicate of their need in Q1 or Q2 2024. but it is a need for cash over the next 12 months using their current business plan (and they just trimmed a number of projects/headcount), so they could have enough cash now for that 12 month window without raising cash from selling shares.
This seems a realistic strategy- big ticket items like the factory build, Romeo power acquisition, H2 production hub main items ordered, are complete so a 12 month cash flow shortfall should be easily manageable
HYSR do not make hydrogen stations.
GA is coming up, just not fully tested to be considered 100% "commercial" whatever that means. Do wish they would communicate better though - a simple FB or tweet from the company would help.
I am sure they will be 100% by August 23rd. what is a few weeks of only producing 10-12 TPD compared to 15 TPD if it means you have more reliable production in the long run.
market certainly seems to be OK about it.
doubling shares is only a good thing if backed by business expansion due to demand.
may be good news on the SOFC trials and or Exxon.
next 6 months is critical for FCEL. not adding until they can articulate how they grow 10 fold in 4 years.
if they have a product that works with anything like commercial rate of production sure.
what do we know about the capabilities of their nano panel? nothing.
Where do you hear that they can install R-stations - I assume you mean hydrogen refueling stations) at all. they can't make a panel produce sufficient hydrogen and have no concept of the rest of the solution - they would partner with someone obviously - but who are they working with and with what product?
shorts wake up early I guess.
not sure what you mean by "short of the profit line"?
I hope you aren't expecting profits in the Q2 report. (may be Q2 2024).
Need to meet their own forecast (forget any expectations) and have evidence the Q3 and Q4 revenues will be as projected.
many of the deals announced are not for this year so we need assurance we will be shipping electrolysers and large scale stationary in sufficient volume his year.
This is good news, Fusion fuel has been quiet recently which is usually good news.
I just wish this standalone fueling station was in. the middle of nowhere (like halfway between Madrid and Barcelona rather than in the middle of Madrid.
who is going to believe they are "off grid capable" if their site is in the center of a city?
An update on Bakersfield and US activity is eagerly awaited.
Who is counting the reservations, Trevor Milton?
5000 vans with Amazon already - may be 6000 now.
I am talking companies (well one in particular) that generate hydrogen off grid - no mains electricity from just sunlight and water. Which is exactly wha HYSR claims they can do but not yet in anything like comercial efficiency.
Fusion Fuel ($HTOO).
https://www.fusion-fuel.eu/
check out the current projects in play - they have been generating green hydrogen for 2 years now at Sines. The Exolum project in Madridis to do exactly what you describe, generate green hydrogen from sun and water for a "standalone" hydrogen fueling station. They are in discussions for a massive project in Bakersfield California
watch the simple video that lays out exactly what they do:
no off take agreement is just an off take agreement. Not sure what the phillips 66 or flyng J discussions are about - could be for storage, dispensing (although sems they use third party for that in Europe and Asia) as well as supply via off take/delivery contract.
If the IRA rules dont fall the way the country needs them to it will be irrelevant as Andy will stop building new plants - I suspect they are ready to sign for the land for at least 4 more but DOE needs to do the right thing and not be influenced by the oil and gas companies. There is so much renewable waiting to be connected to the grid but they cant for various reasons- there would be no need to increase carbon electricity in the grid to compensate for NY Stamp taking from the hydro in NIagara for example.
Surprise there isnt more market reaction to this possibility
Definitely not over my skis whatever that means (never worn any skis!)
So Hydrogen trucks are happening we know that from Nikola and even Hylion and Hyzon.
Fleet operators can get over $250,000 free money towards the purchase of one. (in CA, NY and I think NJ)
Nikolas currently deals cover West and East coast and start at ports, primarily because ven BEV can be used there if they have fast chargers , as well as FCEV for port to inland warehouse not just drayage,
To get the longer distance truckers who will need hydrogen FCEV for 500+ miles (remember NIkola Two comes out in 2024 with may be 1,000 miles) truck stop operators must be planning on installing H2 and if they aren't then HYLA could. Someone then needs to supply the H2 to that corridor. H2 is being rolled out having learned lessons from gas, diesel and more recently EVs so it will happen before you know it.
ZEV rightfully focussed on the BEV solutions which may now be bearing fruit with a lot of school bus orders on their new frame being taken.
THere has been activity with the ZEV truck in Albany so PLUG are definitely using their chassis for work in this area. I would suspect ZEV to start promoting the FC option once they know H2 stations are being deployed. they can't invest in mobile stations like they have with battery. Mind you PLG may well be building smaller mobile fueling or looking to buy out REII.
As for FlyingJ may be it was Phillips 66 one for truck stop operators has a partnership to do something even if it just an off take agreement
responding to other post about my I-80 comments
Do they have shares available to sell? this price is like a 5 for 1 reverse split from 6 weeks ago.
I would expect them to wait as this price should stabilize around here or if any more news more shorts will bail.
Their strategy for cash raises has been declared for a year now. Every earnings announcement they will state how much they need for the next 12 months and then if they need to raise more than they have in short term assets will go to et market.
given the other actions done - selling the factory, selling the Romeo power battery parts they don't need,
stopping phase 2 construction (one AC unit left to put o roof but they saved one day rental of a huge crane) plus lay offs. I expect there will be a delay to assess needs.
After August 1st they will have sufficient votes to increase the A/S ad so no RS will be needed for any raise. More DOE loans may be forthcoming but the Administration seems to be listening too much to oil and gas again.
So I don't expect anything until earnings (August 4th?) , hopefully we are still around $2.5 or higher then.
The BOSCH news is not news apart from them having to start a Germany factory in double quick time to meet the orders placed by Nikola for their production run.
Bosch currently is on site assembling them in Coolidge has been for 2 years.
Andy's approach to the mobile market has been to product commodity fuel cell "engines" that can be used in many configurations for different solutions - HYVIA , BAE Systems, SK and even Lightning systems all appreciate that approach.. Class 8 needs something bigger and more compact
PLUG need to make sure they can get the Midwest hydrogen supply/distribution business for nIkola. THey currently have teh East coast - been supplying from Georgia for months) and BayoTech now the West coast as they have H2 production there. Who has Midwest H2 production? Closest PLUG facility is NY Stamp
All those I80 truckers will need some H2 soon. Will he PLU/Flying J deal bear fruit?
An amazing reaction to two news items, one confirms they are ramping up production volumes so much that BOSCH has to get their at in order to meet the volume of FCs required. and the oher filling in the gaps on how early customers will get hydrogen on the West coast that HYLA cannot make since their facility isn't ready.
Now we wait fo the official Production has started announcement and Bears workshop videos of lots of FCEV trucks racing around the test track like we saw with the BEV.
Going to roll out of half my Jan24 $2 calls. and add them to the Jan24 $4 call (I bought some of those on the way down before the "share count crisis".)
Assuming no hiccups in execution , or macro economy crisis there is no reason the stock shouldn't be back approaching $10 by end of the year f ot well before.
with States and federal government contributing over $200,000 per truck they can price to make decent margin
Seems the customer is Uniper, Rotterdam.
Two more announcements to go. Both 500MW if I recall.
Thanks WTM, haven’t seen the Ford announcement anywhere else,
Just to be accurate the Walmart and Amazon hydrogen locations are at Distribution centers , not retail stores.
Post office only has hydrogen at one central sorting office, Walmart (And Amazon) have it already at hundreds of locations thanks to PLUG.
REII's current hydrogen partner (Bayotech) just got a bit bigger .
https://ih.advfn.com/stock-market/NASDAQ/nikola-NKLA/stock-news/91565348/nikola-and-bayotech-partner-to-advance-zero-emissi
So they will be able to tap into NIkolas production as well as their own.
the auto bot scanning for news has been tripped up
BOSCH and Nikola have been partners for years. they have team on site in Coolidge to install the BOSCH fuel cell engine for the last 2 years at least.
not sure why the 30% pop on this news.
Yes BOSCH is committing full production facilities which i guess wil bring down the price. I also think less work wil e need in the factory if BOSCH doing a complete "drivetrain ready" Fuel cell.
But what is the new news?
one of the deals Sanjay talked about at the last update
https://www.ir.plugpower.com/press-releases/news-details/2023/Plug-Secures-100-MW-Electrolyzer-Deal-for-Green-Hydrogen-Project-in-Europe/default.aspx
another month of 2024 electrolyser production locked up.
are we going to g et at least one order announcement a week now. will be nice to get these compared to the "partnership/JV " announcements in 2019/2020 which have taken time to bear fruit. but the harvest is being gathered in now.
not sure what you mean by flunky. but we have to read his experience along with the role he is appointed to which is director NOT a day to day C suite executive position.
So hopefully his oversight will mean they report things properly but the day to day performance of the company will not be in his playbook.
read the details not in PLUG PR but in Tasmania news .
excess hydrogen being used in nat gas pipelines as they are all plastic.
It's not really PLUGs concern is if they cant sell it all anyway - we are just a supplier to them as we can deliver, no one else can.
so long as they pay for them... (a concern with a couple of deals but not this one IMHO)
I agree fuelling stations is an ideal market for off grid hydrogen production systems.
But HYSR hasn't any commercial product and others do, that is my gripe.
I did read in a general article on hydrogen about this approach to H2 production but no mention of any companies or timelines for achieving commercial efficiency.
This was a penny stock when I first was in it what 8 may be 10 years ago. that was the future. we are in the present now, there is demand for off grid hydrogen for those fuelling stations your refer to , so where is Tim?
it will depend on how much of the BOP (Balance of plant) they want PLUG to provide .
I think the current estimate for just the 5MW container is around $3m ($600k per MW) but shipping will be extra.