Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Well said. I too felt that the ER call was not at all impressive and I quite agree that, given Plug's position today and the growth potential ahead, it needs to up the game on the PR and Investor relations front.
Plug stock should be surging ahead by now.
I have no issues that way either. Have made decent gains over a long period of holding and will continue to hold but I feel that Plug should have been surging ahead past the 70s and beyond.
I don’t understand how Andy can get away with a $1.5 bn raise at $65 a share with the stock price struggling below that price for more than a month and touch a low of $38 or less.
I also had a feeling that Andy was back to his old self on the call today. Did not sound as confident today and was at a loss for words at times.
Had nothing exciting to mention besides all that was any way known to the market. Just made a teasing reference to data center business and left everyone guessing.
It is always a case of the future being great.
I agree but it would have been good to see profitability early on with increasing revenues.
Thanks UK. That explains it.
Plug and Andy always manage to screw up the impact of great quarterly results with some extraordinary expense or adjustment which half of the market does not understand.
Why can’t he for once declare quarterly results which beat expectations hands down.
Also, what keeps him from announcing the names of new pedestal customers.
I do not think we will be profitable even in 2021 despite higher expected revenues. Andy mentioned that expenses would be higher in 2021 for justified reasons but that just pushes profitability further away I think.
UK - while the general impression is that the cost of all Amazon warrants has now been absorbed, Andy mentioned on the call that Amazon still owns a significant number of warrants.
Do you have some clarity or explanation. Will these costs continue to come up going forward?
USPS deal goes to OshKosh. Workhorse stock crashes.
Will Plug get any part of it??
What is the gut feel on the 4th Qtr results. Will there be any surprises on account of the warrants.
While it is probably clear that they will exceed on the revenues, I am a bit concerned about the earnings. Whatever be the explanation, if they miss out on the earnings, then the market will react negatively and pull the SP further down.
Surely a concerted effort to keep this down despite all the news. Don’t understand how the share issue at 65 makes sense when it has consistently been below that price for almost a month now.
Yeah you are right BDW.
I am not too clear how the warrants for Amazon and Walmart will impact earnings for 2020. I hope we beat earnings too or else that might unnecessarily cause some lowering of the price at end Feb 2020.
On the call today - a few points that I noted.
2021 Billings have an additional margin of 10% over and above the increase to $475 mn. So we could potentially see $500 Mn by end 2021.
2024 Billings of $1.7B include 750Mn material handling + $450Mn of on road vehicles + $500 Mn of Hydrogen business
2024 EBITDA Will also see an increase of 20%
Plug has a sales funnel of $1Bn for just Electrolyzers
Data Center business likely by 3rd qtr of 2021
Likely European pedestal customer
Just for my understanding. Who gets to buy these shares. Will they be offered to Institutions only or can a normal individual also buy these shares at the offer price.
How does it work
Have they announced the $25 price for the shares?
Surprising that it is being beaten down today despite the increased price targets.
How was the call this morning. Missed it.
Any feedback? Any major announcements?
I am not able to log into my Ameritrade account. Anyone else facing this problem?
I agree and stand corrected.
Definitely a sizable chunk of shares for a warrants related charge of $22 mil.
Yes. Either Amazon or Walmart picked up a few shares at $13 odd.
That has led to a charge of $22 Mil for warrants executed.
Yes for sure. His call will finally set things right. Here is the link for the numbers
http://www.ir.plugpower.com/Q320Plug
The numbers are their on their website. The data from the Yahoo post is right
Proforma EPS is (.04) but GAAP EPS is (.11)
Something to do with Warant charges
Guidance for the year has been increased
On Ameritrade Benzinga initially reported a miss on both but later corrected to a beat on earnings - (.04) and revenue 106.99
Can’t imagine how they can make such a blunder.
I can see Plug hitting that target of $39 much earlier. Maybe in 2021 if we end 2020 on a good note, which I am sure we will.
$35 by 2029 is too far away though. I can see Plug hitting that target much earlier. Maybe in 2021.
Market forces trying their level best to keep this down despite the new PR. Plug should easily rise above $14 on the basis of this PR.
Find it funny that Morgan Stanley raises price to 10.25 when the price has been consistently above 10.5 over the last month or more.
Can’t believe it is being beaten down so much after an EUA. Such blatant manipulation.
Sad!!!!
Hope so. The spike is rather disappointing after EUA approval. Might loose steam by tomorrow morning.
Should have gone past $2 at the least.
The significance out here was more about their entry into the Japanese Hydrogen economy, which I feel was news worthy. In the past we have had several PRs from Plug which had no revenue numbers but were just important milestones in their journey.
Could have issued a PR for this too.
Just checked their website to see that this is a blog piece and has not been released as a PR by Plug. Wonder why.
No wonder they are being beaten down this morning. Sheer manipulation
Why is this not news as yet on TD Ameritrade as yet. Have they released this as a PR?
Blatant lies from Citroen and yet these scoundrels get away with everything. Andy should screw them with a bombshell PR but I don’t expect him to do so.
Yet this time around investors will see through Citroen’s lies. Plug will recover quickly.
Andy/Plug need to call Citroen’s bluff.
After all Andy has reconfirmed his guidance for the year and he should now vocally stand by it.
From the Yahoo Board,
So true!!
Willie Sutton2 hours ago
My advice is to chill out and if you have funds to invest, why not take advantage of this mini correction and pick up shares that are on sale? We all know that revenue for this year is going to increase by a wide margin and yet Citron is claiming that it will miss by 40%. This claim in and of itself is proof that they are just trying any means to capitalize on a decline of a few points
Quite agree BDW. I hope the guys at Citroen get taken to the cleaners this time.
Plug is not the same anymore.
Cheers!! Already on its way up.
Hi Guys.
Did you see the tweet from the #*$ rds - Citroen Research.
Tweet
See new Tweets
Conversation
Citron Research
@CitronResearch
$PLUG back to $7 as it is the Anti- Tesla. Why even look to short $TSLA when $PLUG is twice as expensive with a never profitable business.
And yet am I right in my understanding that they bought all the extra $46 mn worth of shares at 10.25 per share. Don't get it.
This is a piece of junk languishing around .0006 for the last month or more. Despite all the crappy news the SP is going nowhere.