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Thanks Jack. Maybe I'll tag along on some of those. At the moment, I'm all PLUG and FCEL, but if FCEL doesn't move soon, it'll be all PLUG.
So, Jack, where is your money as we prepare to enter the new year?
When looking at their property on Google Maps, there should be room to add some parking lot and a couple of entry/exit drives.
https://www.google.com/maps/place/Plug+Power+Inc/@42.7647148,-73.8194398,511m/data=!3m1!1e3!4m5!3m4!1s0x89de0d15e50cad53:0xe44c71e6648d89a5!8m2!3d42.7647109!4d-73.8172511!5m1!1e1
I hope they get this resolved quickly.
Steve- Merry Christmas to you and all my friends here.
Steve- The awkward edit is there for a reason. Perhaps a word was edited out. What word it was is up to speculation. As I said, I heard "gr" in an earlier edit. I'm 99.9% positive they are producing green hydrogen today.
Jack- You don't think the Hydrogen Highway is being built? Did you expect it to happen overnight? Do you have a link where Andy lied?
Thanks.
I posted this link earlier. Notice the awkward edit in the conversation beginning a 3:40. I think Andy divulged more than he should. Of course, I don't have a link yet to prove it.
https://twitter.com/i/broadcasts/1ynKOZXdQBOxR
When I first posted the link, I could swear I heard "we are producing gr...hydrogen" but I can't be sure with my old memory.
Great contribution, beambe. Articles like this will help wake up the European investors and likely increase their meager 10% ownership in PLUG.
Thanks.
Here is Andy doing what he does best (except for making deals). Does he say he is already producing green hydrogen? https://twitter.com/i/broadcasts/1ynKOZXdQBOxR
Thanks uk- Even if PLUG doesn't start seeing dividends from Hyvia when they start profiting, we should see the value of our ownership in it increasing and reported in PLUG's investment category. That wouldn't be counted as operating profits, but it would serve to improve our bottom line.
It would have been nice to be able to read and analyze the quarterly reports though.
Will Hyvia have earnings announcements, or will we just need to dig through PLUG's 10Qs for information on its progress?
Thanks uk- The way the transcript reads, it's as if the only thing Brookfield agreed to is to provide the power for PLUG's plant. I've been trying to access the PLUG website to see how PLUG worded the agreement, but haven't been able access the website since about 3pm.
It is a mystery why we don't hear about any progress. Maybe velcro is right and they got ahead of themselves.
Do you remember what Brookfield said?
Considering the fact that PLUG is expected to lose in the neighborhood of $175 million in 2022, I would say your assumption that FCEL won't lose that much is safe. Corner grocery stores never lose as much as marketing gorillas in their formative years either.
The two companies are obviously on entirely different growth tracks. No relation between them at all, beyond the fact they both build fuel cells.
No deals resulting in profit yet, but if Marsh wanted to play his cards close to his vest, like some other CEOs, and concentrate only on hydrogenizing hi-los (a huge market in itself), I'm sure he would be reporting net profits already.
I do some of my best learning during debates. Hopefully our debate helped you to learn something about Plug Power, but I guess there is no reason to continue.
It takes money to make money. The world is investing trillions in the new hydrogen economy. Marsh is grabbing as much of the future as he can. He has gained a foothold on every populated continent on earth by partnering with some of the largest companies. It remains to be seen if he might be spreading PLUG too thin, but he isn't concerned with profits now as much has he is concerned with partnerships and revenue. He has PLUG involved in green hydrogen production, hydrogen vehicles, electrolyzer production, stationary power backup, and stationary power generation, See the 75 slide PLUG symposium presentation on this page https://www.ir.plugpower.com/Home/default.aspx for a complete view of what PLUG is doing.
This brings up another gripe I have with Jason Few. Why doesn't he share FCEL's strengths and accomplishments with his investors? Why hasn't he even posted anything on YouTube for four years? Go here to see what PLUG shares with investors on YouTube: https://www.youtube.com/c/PlugPowerInc
FCEL may beat PLUG to profitability, but it gives every indication of being a corner grocery store type of profitability compared to the Amazon type of profitability PLUG is setting itself up for. If the government decides to subsidize it, FCEL might hit a home run with CC, but that remains to be seen. FCEL's problem might be that they only build huge installations that take years to complete and only the government and utilities can afford. Why don't they design some smaller installations that smaller entities can afford?
I'm still invested in FCEL, but it has more to do with your optimism and due diligence efforts than it does with anything Jason Few is sharing or doing to keep me interested. I thank you for that.
Marsh is more of a deal maker than a motivational speaker. I'd like to see more (or any) deals from Few.
Here is a list of Marsh's 2021 deals alone:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167180490
PLUG's year in review (thanks to Mavi57 on Yahoo):
For those who believe or want to believe - the list of Plug acquisitions and JV's this year
01/06/21 Plug Power and South Korean SK Group to Form a Strategic Partnership to Accelerate Hydrogen Economy Expansion in Asian Markets; Plug Power to Receive $1.5 Billion Strategic Investment From SK Group
01/12/21 Groupe Renault & Plug Power Join Forces to Become Leader in Hydrogen LCV
02/16/21 ACCIONA and Plug Power to Partner on Establishing Leading Green Hydrogen Platform for Iberia
02/25/21 Plug Power to Build North America’s Largest Green Hydrogen Production Facility in Western New York
02/25/21 Plug Power and SK Group Complete $1.6 Billion Capital Investment to Build Hydrogen Economy in Asian Markets
03/02/21 Plug Power and Universal Hydrogen Expand Partnership to Include Investment and Global Green Hydrogen Supply for Aviation
03/17/21 Plug Power Continues Executing on its Green Hydrogen Strategy with Purchase of Hydrogen Liquefaction System from Chart Industries
03/26/21 Plug Power and Alpine F1 Team Connect for Unique Collaboration
03/30/21 Plug Power and Brookfield Renewable Move Forward with Green Hydrogen Plant in South Central Pennsylvania
04/05/21 Plug Power, Chart Industries and Baker Hughes announce their intention to become cornerstone investors in FiveT Hydrogen Fund
04/29/21 Plug Power and BAE Systems Partner on Hydrogen-Powered Electric Buses
06/03/21 HYVIA: Renault Group and Plug Power’s Joint Venture Leads the Way to a Complete Ecosystem of Fuel Cell Powered LCVs, Green Hydrogen and Refueling Stations Across Europe
06/10/21 Plug Power Announces Green Hydrogen Plant in Camden County, Georgia
07/14/21 Apex Clean Energy and Plug Power Partner on Largest Green Hydrogen Power Purchase Agreement in the United States
08/10/21 Plug Power Breaks Ground on Green Hydrogen Production Plant in Georgia
09/14/21 Plug Power Announces Expansion to Europe with German Headquarters
09/20/21 Plug Power to Build Largest Green Hydrogen Production Facility on the West Coast
10/06/21 Plug Power and South Korea’s SK E&S Form Joint Venture to Accelerate Expansion of Hydrogen Economy in Asian Markets
10/13/21 Plug Power Partners with Airbus on Landmark Study to Decarbonize Air Travel & Airport Operations with Green Hydrogen
10/13/21 Phillips 66, Plug Power Sign Agreement to Advance Green Hydrogen
10/14/21 Plug Power to Partner with Fortescue Future Industries to Manufacture Electrolyzer Technology in Australia
10/14/21 Plug Power Announces Execution of Definitive Agreement to Acquire Applied Cryo Technologies
10/27/21 Plug Power and Lhyfe announce commercial arrangement to develop green hydrogen plants throughout Europe
11/09/21 Plug Power Acquires Frames Group to Boost Engineering, Process and Systems Integration Capabilities
11/23/21 Plug Power Completes Acquisition of Applied Cryo Technologies
11/24/21 Plug Power Selected by Fertiglobe’s Green Hydrogen Consortium to Deliver 100MW Electrolyzer for Green Ammonia
11/30/21 Plug Power and ACCIONA Energía Launch AccionaPlug to Address Green Hydrogen Market in Spain and Portugal
12/09/21 Plug Power Completes Acquisition of Frames Group
12/14/21 Plug Power and Certarus Partner on Green Hydrogen Supply and Expansion of Distribution Infrastructure
12/15/21 Edison Motors and Plug Power Inc. Sign Agreement for Mass-Production of Hydrogen-Powered City Buses
Flying cars? Don't you mean PAVs?
Xena- Your post suggests they placed all their CC future in Exxon.
Hopefully your faith in the company will be rewarded.
As for me, our conversation today convinced me to move my FCEL money to PLUG. PLUG is fully committed to grabbing as much of the hydrogen economy as they can. Just look at the titles of their news releases to see what I mean: https://www.ir.plugpower.com/Press-Releases/default.aspx
Good luck to all FCEL investors.
1) If FCEL gave Exxon the exclusive power to negotiate future CC deals with other companies, that would be a fatal mistake. That would help explain the complete lack of adoption of the technology. Hopefully when Exxon finally decides to start negotiating deals they will remember to give FCEL a fair consideration of the revenues...or maybe they won't negotiate at all and just keep FCEL's CC for their own use.
2) If FCEL were actually working on deals, with governments or otherwise, they certainly should have something to report since 9/29/20, which is the last time they announced an actual business development.
3) if public utilities are FCEL's market, where are the deals with them? Remember the Texas blackouts of last winter? The problems were caused by frozen windmills, but was the energy being provided by public utilities through them? That should be a huge market for FCEL to help ensure another catastrophe doesn't happen this year? Where are the deals. If government funding is needed before purchase, maybe FCEL's technology isn't as necessary as we think.
I've been a FCEL investor since it was $4. Held through ups and downs. I hope to see more ups, but feel the company needs to contribute information to make it happen.
Hoghead7- I appreciate all thoughtful posts about FCEL, whether positive or negative.
I know uksausage is invested in FCEL, as am I, but I share the concerns he shared earlier. While his knowledge of all things FECL might not match yours, his understanding of the world-wide hydrogen and fuel cell industry is remarkable. I hope uksausage will keep sharing his extensive knowledge with us here.
I am also concerned with the cavalier attitude FCEL shows toward its stakeholders. Although your efforts are much appreciated, shareholders shouldn't have to rely on message board posters to dig up and share positive developments in the companies they're invested in. Other companies are announcing new manufacturing facilities and sharing their visions of growth. What is FCEL doing except for finishing up old projects or hiring the occasional executive? ?
Mega deals are being made every day in this expanding industry. Plug Power has announced at least 8 joint ventures and acquisitions in 2021 alone, which promise hundreds of millions of increased revenue in the coming years. Is FCEL pursuing any joint ventures? Is Exxon the only oil company interested in FCEL's carbon capture technology? Are there no large solar energy companies wanting to invest in Fuel Cell's energy storage products?
These are all valid questions. I hope FCEL can announce some positive developments soon. It's up to Jason Few to make them happen.
Cabel- The links you post never work.
A good way to ensure they will is, when you are preparing a post, to click on the preview button and then click on the link in the preview pane. If it doesn't work there, it won't for anybody else.
I do this every time I post a link.
I think you might just need to remove the ; from the end of your links.
miraculus- Look to the right of this post at the 'Day's Range' section.
We were in the 28s for a bit. Hopefully never again.
I just reviewed the Aug news release and see it stated the GA plant is expected to be completed by the end of this year. That means PLUG could deliver about 912 tons of green hydrogen with Certarus in the first quarter of 2022.
The GA plant is expected to produce 15 tones a day. No telling what they have planned for the other 5 tons.
uk- The news release does say green hydrogen. Look at the titles.
Plug Power and Certarus Partner on Green Hydrogen Supply and Expansion of Distribution Infrastructure
Plug Power to Supply up to 10 Tons per Day of Green Hydrogen, Certarus to Serve as Preferred Third-Party Logistics Provider
Also, from the body of the release: Plug Power will provide Certarus with up to 10 tons of green hydrogen per day from its North American hydrogen production network with initial deliveries expected in Q1 2022.
It seems PLUG is announcing at least one of its green hydrogen plants will be producing by 3/31/22.
I see you sold TSLA at $381 on 9/3. Hopefully your exit timing is as good with PLUG.
Good luck with your future picks.
uk- I like this part, "Plug Power will provide Certarus with up to 10 tons of green hydrogen per day from its North American hydrogen production network with initial deliveries expected in Q1 2022."
My questions:
1. Which hydrogen production plant will be providing this hydrogen?
2. I know prices fluctuate, but what is a good guess of how much 10 tons per day will add to PLUG's revenue stream?
velcro- It has helped my blood pressure, but 15 seconds is a lot of fish oil. I limit myself to a good swallow a day. Thanks again for the tip.
PLUG went down today, but is looking strong. Christmas rally coming soon?
God bless you and keep you safe, Steve. Don't worry about near term swings with PLUG.
I believe there are only two requirements: Have one of the 100 highest market caps and don't be a financial company.
Maybe next year.
JB- Right. I should have said, "Rough couple of days." Have a good weekend.
Rough week!
Here's something that might brighten things. I'm impressed. How about you?
https://www.linkedin.com/posts/simondwalker_the-new-sk-plug-power-headquarters-for-hydrogen-activity-6874977394223128576-w3TV
An expected adverse macro event anomaly, like Evercore, could also create the same unusual option pattern I noticed. Like you say, let's see how it plays out.
All the speculative froth has been throttled out of PLUG, as evidenced by the stock price going up while all my options keep going down.
I think this indicates we're getting ready for a monster move up, very soon.
This link might work better: https://www.rechargenews.com/energy-transition/our-largest-energy-source-south-korea-plans-40-foreign-hydrogen-bases-to-meet-vast-future-demand/2-1-1110526
28 million tons a year! That makes PLUG's current goals seem minimal.
JB- I reread Banger's post and couldn't find any mention of metrics. Would you mind directing me to it? Thanks.
Also, I agree with you that all these forward looking news releases add nothing to the current revenue stream. Why can't PLUG search the previous few years and find a $billion or two of revenues they missed back then? Now that would be a Something Burger!
Quarterly report will be sometime in March 2022. There will be a business update in January, though, that promises to be interesting.
This is disappointing.
https://www.thedailynewsonline.com/top_story/samsung-chooses-texas-over-stamp-site-for-chip-making-plant-construction-underway-for-plug-power/article_a99c8e36-cd25-57ab-8b82-b968dcdcd614.html
The article says Samsung wanted 1000 acres and the entire STAMP site is only 1250 acres. That might have been the problem.