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When trying to decide a hold or sell policy a friend ran into this article from June 4th 2015,re.a Washington outing with Congressman Chris Gibson.
Here were some excerpts that created his opinion of Fed.involvement.
Gerry Conway, Plug Power’s General Counsel, continued the earlier conversation about policy. He noted that an aspect of Plug Power that doesn’t get noticed very often is the work we do with a diverse group of people in Washington, DC, saying that Plug Power is a poster child for how work with many different agencies and programs can help a company to be successful. He added that the "financial support of Department of Energy programs" came at a critical point in the company’s history and enabled us to accelerate deployment of 300+ fuel cell units to multiple customers, including Sysco, FedEx and Coca Cola.
Also this:
Secretary Sarkar’s remarks centered around the successes of the work done by the "partnerships between government and the fuel cell industry, including cutting costs by 50% and doubling capacity since 2006 and catalytic funding for R&D and market demonstration programs". He specifically noted the joint program that led to the Plug Power program to demonstrate baggage handling equipment with FedEx
If I jumped to the wrong conclusion;my apologies.
Controversy is the last thing I wanted to add to the board.
NB
Here's a list of GOVERNMENT ASSISTED FAILURES
Many of these received a lot more stimulus funding than Plug did.
Sure hope we don't join that list anytime soon.The coming election may well have a bearing on Plugs future.
I'm out for now @ a moderate loss,gl to all ye faithfull
The complete list of faltering or bankrupt green-energy companies:
1.Evergreen Solar ($25 million)*
2.SpectraWatt ($500,000)*
3.Solyndra ($535 million)*
4.Beacon Power ($43 million)*
5.Nevada Geothermal ($98.5 million)
6.SunPower ($1.2 billion)
7.First Solar ($1.46 billion)
8.Babcock and Brown ($178 million)
9.EnerDel’s subsidiary Ener1 ($118.5 million)*
10.Amonix ($5.9 million)
11.Fisker Automotive ($529 million)
12.Abound Solar ($400 million)*
13.A123 Systems ($279 million)*
14.Willard and Kelsey Solar Group ($700,981)*
15.Johnson Controls ($299 million)
16.Brightsource ($1.6 billion)
17.ECOtality ($126.2 million)
18.Raser Technologies ($33 million)*
19.Energy Conversion Devices ($13.3 million)*
20.Mountain Plaza, Inc. ($2 million)*
21.Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*
22.Range Fuels ($80 million)*
23.Thompson River Power ($6.5 million)*
24.Stirling Energy Systems ($7 million)*
25.Azure Dynamics ($5.4 million)*
26.GreenVolts ($500,000)
27.Vestas ($50 million)
28.LG Chem’s subsidiary Compact Power ($151 million)
29.Nordic Windpower ($16 million)*
30.Navistar ($39 million)
31.Satcon ($3 million)*
32.Konarka Technologies Inc. ($20 million)*
33.Mascoma Corp. ($100 million)
*Denotes companies that have filed for bankruptcy.
The problem begins with the issue of government picking winners and losers in the first place. Venture capitalist firms exist for this very reason, and they choose what to invest in by looking at companies’ business models and deciding if they are worthy. When the government plays venture capitalist, it tends to reward companies that are connected to the policymakers themselves or because it sounds nice to “invest” in green energy.
The 2009 stimulus set aside $80 billion to subsidize politically preferred energy projects. Since that time, 1,900 investigations have been opened to look into stimulus waste, fraud, and abuse (although not all are linked to the green-energy funds), and nearly 600 convictions have been made. Of that $80 billion in clean energy loans, grants, and tax credits, at least 10 percent has gone to companies that have since either gone bankrupt or are circling the drain.
CORRECTION:
Figures for four companies have been updated: Beacon Power received $43 million from the U.S. government, not $69 million as originally reported. Azure Dynamics received $5.4 million from the federal government, not $120 million as originally reported. Compact Power Inc. received $151 million as part of the stimulus, not $150 million as originally reported. Willard and Kelsey Solar Group received $700,981 in government funding, not $6 million as originally reported.
The following companies have been removed from the original list: AES’s subsidiary Eastern Energy, LSP Energy, Schneider Electric, and Uni-Solar did not receive government-backed loans, based on additional research. The National Renewable Energy Lab did received $200 million in stimulus funding, but it is a government laboratory.
?
Good call Schneidku40'
post # 37968
Can't wait till these flippers leave so we can get an idea where this might settle next.
May the luck of the wee people be with VTSI on this St Patricks day and turn out green.
Gl all, Er in go bragh. ) NB
Happy St.Patty's day to all.Hope plug follows tradition & turns up green today )
All you've got to do is look closely at his last post."The shorts are feeling confident "AGAIN".That tells the world they were worried before.Literally voids everyone of their previous posts when they tried to create the impression that the Co. was finished.So now we have confirmation of what we knew all along,they know nothing more or less than anyone else,long or short.Their business is fear mongering by posting old news,no longer valid,to drive down the price,just like some of the longs here do likewise,to drive the pps up.Do your own DD and go with your gut.This company will be just fine in the long-run.Their profile of premium clients confirms it IMO.
GL/NB
The trading pattern lately seems to indicate to me,anyways;that every time the shorts are trying to knock the pps down,it bounces right back with prolonged buying activity.JMHO/NB
it,s the 10th.they just posted it.
Don.t forget,Walmart reports next week.
Wouldn.t it be nice if they beat the street & announced that new warehouse equipment(Plug)was responsible to significantly reduce operating costs. )
Happy long weekend longs/NB
Sounds like something Canton put together to visualize plugs future outlook, lol happy new year, nosebush
Happens every every year, last chance for tax selling
Is Plug Power Now A Buy? The Vetr Crowd Thinks So
Last update: 14/12/2015 2:43:23 pm
Shares of Plug Power Inc (NASDAQ: PLUG) have lost more than 32 percent over the past year, but have gained more than 8 percent over the past month.
The Vetr Crowd upgraded Plug Power's rating to 3.5 stars out of a possible five stars.
The Vetr Crowd's crowdsourced price target of $2.14 implies a potential upside of more than 9 percent.
Plug Power, a provider of alternative energy technology, has seen its stock plunge more than 32 percent over the past year. Despite the heavy losses over the past 52 weeks, the stock has actually gained more than 8 percent over the past month. The recent momentum likely provided the Vetr Crowd with sufficient conviction of a turnaround in the stock.
The Crowd
The Vetr Crowd upgraded Plug Power's rating to a 3.5 stars out of a five star rating on Monday. At the same time, the crowdsourced price target of $2.14 implies an upside of more than 9 percent; 66.7 percent of the Crowd's ratings are bullish.
Related Link: Vetr Crowd Upgrades LinkedIn To Four Stars; Wall Street Also Bullish
Andrew H, a member of the Vetr Crowd, argued that Plug Power is a "long term" play and the stock will eventually trade above the $6 per share mark.
The Vetr Crowd and Wall Street analysts appear to agree on a bullish rating, but disagree on Plug Power's potential upside. As an example, analysts at Craig-Hallum initiated coverage of the stock back in July with a Buy rating and $3.50 price target. Analysts at Dougherty & Company also initiated coverage of the stock with a Buy rating back in April, although with a slightly higher price target of $3.70.
Image Credit: Public Domain
Back in today with a modest position.The shorters chatter here & their repeated postings of "OLD,NEGATIVE"events in the companies past has a certain ring of desperation to it.Seems like they're really getting worried that a positive future is just around the corner here and are doing their best to hold the price down.Anyway,seems like a good time to buy.
GL longs
Yes you can.don.t let your confidence be shaken by the likes o'him.he says facts are important and so they are.fact is, prime companies like coke, fedex, walmart, bmw and others of that caliber have believed in plug enough to make some pretty solid $ investments.believe me, their think tanks are infinitely smarter than any short, trying to sow doubts in anyone that threatens their investment strategy. Stay the course, trust your instincts. It.s your money and he wants it.ignore him!!!
All this fear-mongering isn,t going to work..Nobody knows nothing that we need to worry about.This is just ordinary common sense profit taking following a nice 20+% runup.I myself kept my core,sold the rest and am hoping to improve my position substantially with this little pullback.thers are doing likewise.Nothing else,just smart investing.
NB
uh ah,it,s hardly tryin'..now,take google..that's trying!!,with a miss no less and negative forward looking..go figure (
To me a P/E ratio of over 250 doesn't say "buying opp."but then again,the RSI is now below 30 which screams "oversold".
What to do...what to do???
Aaaah,the stockmarket...it's enough to drive one crazy!!LOL
Here's one contribution that encouraged todays swings:
AlphaOne's Dan Niles Has Suggested He Sold His Entire Position in Facebook; BZ NOTE: Niles Had Held ~50.5K Shares as of Dec. 31
Last update: 23/04/2015 11:38:52 am
According to CNBC.
China Wants To Put 3D Printers In Every Elementary School By Next Year
Last update: 13/04/2015 8:22:35 am
3D technology continues to gain momentum across the globe due to the economic and educational benefits the can be derived from the new technology. China appears to be fully embracing the educational benefits of 3D printers as 3dprint.com noted that the Chinese government has a new policy to install a 3D printer in each of its nearly 400,000 elementary schools over the next two years.
The logic behind such a move is obvious. Kids who were exposed to desktop computing back in the 1980s and 1990s have developed a master of the technology after a full cycle of education. The Chinese government may be thinking that its children of today will leave school with expert knowledge of 3D printers that can be used in the workforce in their later years.
The 3D printing market is certainly exploding, according to Gartner Research which estimated 217,000 3D printers will be shipped in 2015, only to double to 434,000 machines in 2016.
Despite the bullish growth forecast for the industry, shares of many 3D printer manufacturers have fallen over the past year.
Shares of 3D Systems Corporation (NYSE: DDD) has lost more than 38 percent over the past year and are more than 50 percent off its 52-week highs of $69.56. Meanwhile, shares of Stratasys, Ltd. (NASDAQ: SSYS) shares lost nearly 40 percent of its share price versus a year ago. Smaller firms (based on market cap) such as ExOne Co (NASDAQ: XONE) haven't fared any better, with shares trading lower by more than 40 percent year-over-year.
Meeting 2015 3D SYSTEMS CORPORATION Annual Meeting of
Stockholders MEETING DATE: May 19, 2015 For Holders as of: March
23, 2015 You can enter your voting
instructions and view the shareholder material at the following
Internet site: https://www.proxyvote.com/05254508501266834
Whoever bought that 300 shares,nice paint job,wiped out a margin call.....TY TY TY
Not sure if you had already posted this!?
http://seekingalpha.com/article/3027716-wal-mart-is-plug-powers-greatest-salesperson
I'll tell you what's scary...,when someone mentions "reverse split!!"
I remember what happened last time that was proposed.On the pinks that is equal to crying "FIRE"in a theatre.
With the upcoming shareholders meeting some may wonder,including myself.
It is the largest industrial trade fair worldwide.Are you sure Plug will be there?
Look as I may,I find Ballard,F-cell etc. & many other exhibitors.
I just can't find Plugs name mentioned anywhere.
http://www.h2fc-fair.com/hm15/exhibitors/index.html
This article in Car&Driver magazine may be driving those rumors.
http://blog.caranddriver.com/vw-group-rd-boss-hints-that-full-electric-fuel-cell-porsches-are-coming/
RSI is only around 39,wayyy oversold.
Seems like whatever positive effect IDEX had is now included IMO.
A significant contract procurement resulting from the exposition would certainly be a nice shot in the arm,about now )
Just wishful thinking LOL
Just thought the board ought to know...and please don't shoot the messenger!!
THE CEO of the coin outlet is "Eric Grill"
Having been burned by shady pink CEOs before I always google their CEOs now.Just want to know where I am spending my hard-earned money.Here's what the internet comes up with.
http://florida.arrests.org/Arrests/Eric_Grill_3137431/
Think I,ll wait to see how this plays out,before adding here.JMHO
.
seems like last weeks stock purchase by the CEO started the upwards movement.?!?
Following a triple+ the last 3 weeks,I think one can accept a little consolidation..IMHO
Here is part of the Morgan Spurlock interview:
http://www.cnn.com/2015/02/18/us/bitcoin-morgan-spurlock-inside-man/index.html
You gotta be kidding right?!
Is oil the reason for todays drop??I can't think of any other reason.IMO..Any opinions here?
Citigroup analyst Ed Morse came out with his most bearish forecast yet.
According to Morse, oil prices could fall another 60% to $20 a barrel. As for the recent rebound, Morse thinks it looks more like a "head-fake" than a sustainable turning point.
BLPD holding up due to VW deal,of course but other Fcell sectors down too (
More outlets for our printers
http://www.foxbusiness.com/industries/2015/02/04/staples-snags-rival-office-depot-for-63-billion/