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Unless the leadership is hand in glove with the market forces who do not want the stock price to rise.
Does Andy really care that the stock price is not moving? He gets his bonuses and salary.
I don't see any attempt to clarify. Instead I get a feeling that the value is deliberately underplayed.
Thanks UK.
The point is Plug/Andy need to set right the expectations for the year as per the new accounting methods.
In short are they still going to talk about $150 mn as the yearly target or is it going to be lower as per GAAP.
They should talk about meeting the GAAP figure. Or else it will always be seen as a shortfall.
That is fine but on a GAAP to GAAP basis does it not give the impression that revenues were lower this quarter?
Or is it that GAAP revenues of last quarter should be compared with adjusted revenues of this quarter.
GAAP revenue for this quarter was $20.5 mn as compared to $25 mn for the same quarter last year.
How does this get explained.
Simply frustrating.
Beginning to lose faith in this stock. While everything looks good there is nothing that drives the stock price up. Can't imagine how it went up to more than $10 at a time when it had nothing going for it.
Also, I doubt whether most people understand the GAAP and non GAAP numbers. Creates more confusion than anything else.
Kind of agree with you. Every report says out there that we beat bottom line and top line expectations. The top line by a good 12+ million. Yet the stock price hardly moves.
It is frustrating. What is it going to take to move this stock. We keep going from qtr to qtr thinking that the next one is going to be the one. Is someone deliberately holding this down?
Again, I did not say that the numbers were disappointing. Despite exceeding the revenue target, the way it was presented to the media gave the impression that Plug had missed its numbers.
All that was due to an accounting change but then they should have explained or set the right expectations with Analysts based on new accounting methods.
The same story can repeat again.
I have no doubts about the quarter being good but it's the presentation of facts to the media that sucks every time. Never looks good.
Has been the case for the last few quarters but the results end up disappointing.
Hope they do not come up with one more accounting change which screws up the result.
Sad that it went up before the PR and is down after the PR. Beats me. I thought that the PR was pretty relevant and important from a future point of view.
This deserves to be well above $3 but is hopelessly manipulated. Andy does not help the cause either.
Completely agree with you.
Hate the fact that we are hitting numbers and growing qtr by qtr yet the market fails to see it that way. Poor presentation skills.
Appreciate your replies and sorry for venting my frustrations on the board. I simply feel that we deserve better.
Well acknowledging in private or on Twitter is of no use. Why does he consistently make that mistake of poor communication.
There should be a PR explaining the results and how the new accounting methods are going to change the guidance for the remainder of the year.
Are we still standing by the $150 mn as per the new accounting methods?. If not, let him jolly well change the guidance and set the right expectations or else we have another quarter of missing numbers by 50% as seen by the analysts or market.
This way only the short traders make money. The rest of us can keep waiting endlessly as Andy will never get it right for the shareholders. Did he forego his bonus for not meeting his numbers?. If he feels he met his numbers then the market should also see it that way.
If you follow Andy on Twitter, you need to ask him for an explanation for wrong guidance and setting wrong expectations.
I think he owes us longs an answer. He can't simply change accounting methods and make perfectly good results look bad due to wrong guidance.
I feel results should have been announced with respect to the original guidance and then the adjusted numbers could have been mentioned in fine print.
Thanks.
Frankly all the improved performance is washed away by these frequently changing reporting methods.
If I were the CEO, I would have presented a realistic but more positive picture first of the increased shipments and then explained the corrections.
All the good work goes down the drain and now you are waiting for the next quarter, only to be disappointed again. The accounting change couldn't have happened overnight. Surely they would have had prior knowledge of it and could have set right market expectations.
Someone needs to question Andy about these frequent accounting changes and misleading guidance.
Going by what was reported for the first quarter, are we still standing by the declared figure of $150 mn or is it now going to be $100 mn due to the new way of looking at revenue.
Who is gong to correct market expectations.
I agree with you. If this is going to impact the annual revenue numbers then they should inform the market in their guidance.
We longs become the suckers while everyone else makes money out of this stock. Hate it.
Andy owes a clarification.
Wonder whether they do that on purpose. Why would anyone paint a negative picture of the company unless it is by intent.
I would have highlighted the higher figures first and then provided an explanation for the reduced numbers instead of vice versa.
Almost every quarter they have revenue which cannot be accounted for due to some reason or the other.
I am long and I do believe in Plug but this is disappointing that we could not hold onto even a 5 % rise after such good results.
Now it's once again a wait for another quarterly result and the same story to repeat. Some how there are no exciting PRs from Plug to get the attention back to this stock.
Double digits look like a dream to me.
Disappointing to see the nominal growth in pps despite good results.
Unless we have some sensational PR, this is just going to languish around these levels.
Double digits is a dream.
One a.....hole decides to downgrade the stock to a Buy and the dam thing starts its downward move.
Just ridiculous to downgrade it at this stage unless they are privy to some special information.
Hate this.
If one reads the detailed report, it is awesome.
They have clearly talked about being EBITDA positive by the end of 2016. Also, revenue from existing contracts, accounts for almost 70 % of the projected revenue for this year.
So frustrating to see this below $2. What more do they need to do to reassure the market.
This is crazy.
In fact they say that they will beat the sales forecast for 2015 of 100 million and their guidance for 2016 is 150 million.
Now where and how the hell did the analysts come up with this figure of 150.66. To imagine that they ignore everything else that is good and beat the stock down for missing the mark by .66 mil and which is not even their forecast.
Weird
This is crazy. 150.00 instead of 150.66 and people are making a huge deal about it. I can't understand why they call this missed guidance. SW
What's with the pre-market trades below $2
Yeah I agree.
I am pretty confident that Q4 numbers will be in line with management forecast but I am not sure what the smart analysts will expect out of it.
If we miss net income by a point, we are doomed.
Oh! Thank God. I am tired of seeing this see-saw in the stock price.
Hope 2016 bodes well for us longs.n
Cheers
I do hope we see some new highs early next year. When will they address the shareholders.
Is this again some gap being filled. Can we not move on now.
Frustrating
I am also excited by the number of markets that Plug can potentially get into.
The only way this can be held down is through sheer manipulation and I hope that the year end results seal that option too.
Love the Purdue concept.
This guy just plays around with Plug. Does not help its cause in anyway
He will pump it up a few cents and then bring it right down after his unrealistic forecast is not met.
Hate the fact that we are languishing in this range even after all that has transpired.
Any reason at all for the drop after all the positive sentiments. This perplexes me
????Happy to note that. Hope it stays that way.
Unfortunately, whatever the charts say, at the end of the day the stock gets manipulated by these so called analysts who have their own game plan.
No amount of logic or rationale seems to work out here. That's frustrating.
Completely agree with you. I get a feeling that these guys simply play a pump and dump game, thereby hurting us longs.
There is no reason for Plug to be languishing in the sub $2 range despite such consistent good quarters and achievements.
The only problem is that he sets expectations too high with his over the top estimates only to cause a slump when the results are good but lower than his numbers.
What I don't understand is that if CEO guidance was met, why was the market not happy.
I too felt that Plug delivered a good quarter but then why this drop. Somehow Plug can't get the right message across to the market or analysts.
Yeah I agree and share your views and optimism.
It's just that it is frustrating to see the pps crash every quarter after one expects a decent rise.
Pretty sad state of affairs. Despite a reasonably good quarter, Andy is unable to manage market expectations and thus every quarter we get screwed even though there has been a handsome revenue growth.
God knows what it will take to get this thing going in terms of pps.
Maybe Andy prefers to keep the analysts guessing by giving out vague PRs. In any case he has never helped the long term holders cause.
With so much happening for the good, it is sad to see this stock price linger and struggle to go past the $3 mark.
Although quarterly results have been always good, they have never beaten the analyst estimates and that is because of poor marketing.
Despite the update, just 900k volume so far. I guess they just won't let this rise.