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.
It appears so. Good catch and I'm sorry for the bad information.
https://www.google.com/maps/place/Alabama,+NY+14013/@43.0950566,-78.3902811,553m/data=!3m1!1e3!4m5!3m4!1s0x89d38e9b76cf7e51:0xd4493037b206616c!8m2!3d43.0964478!4d-78.3908559!5m1!1e1
Here is the google map of Alabama, NY. Quite a small community. I don't see any large rivers running nearby, which I think is what PLUG intends to use to produce its hydrogen. The original press release doesn't say what river the plant will be on.
https://www.ir.plugpower.com/Press-Releases/Press-Release-Details/2021/Plug-Power-to-Build-North-Americas-Largest-Green-Hydrogen-Production-Facility-in-Western-New-York/default.aspx
Its always something.
Vuzix Set To Join The Russell 2000 And 3000 Index
By Nikholai Koolonavich Last updated Jun 24, 2018
One of the most recognised names in the field of enterprise-focused augmented reality (AR) technology, Vuzix, has announced that it is set to join the broad-market Russell 2000 Index, along with the Russell 3000 Index. This will occur at the conclusion of the Russell U.S. Indexes annual reconstitution, effective after the U.S market opens on June 25th.
The FTSE Russel is a leading global index provider creating and managing a wide range of indexes, data and analytic solutions. With coverage of 9% of the investable market, FTSE Russell indexes offer a true picture of the global markets, combined with their specialist knowledge gained from developing local benchmarks for use around the world.
“We are delighted to see our shares included in the Russell 2000 Index, one of the market’s leading performance benchmarks,” said Paul Travers, Vuzix Chief Executive Officer. “We view this as an important milestone that will help raise awareness of Vuzix within the institutional investment community. We expect the inclusion in the index, combined with the strong momentum that our business is experiencing, to be positive for our shares. We anticipate many benefits from our inclusion in the index, including increased liquidity and wider exposure to institutional investors.”
Russell U.S indexes are widely used by investment managers and institutional investors as the basis for index funds and as a benchmark for active investment strategies. Vuzix’s membership in the Russell 2000 Index will remain in place for one year, with membership being determined by Russell based primarily by objective, market-capitalization rankings and style attributes. By joining the broad-market, Vuzix will possibly see a range of benefits that could help the company grow and develop.
Vuzix have been rather busy lately with the recent appointment of two new Vice President positions along with launching a developer center for their Vuzix Blade AR Smart Glasses. The company continues to build it’s reputation into being a global leader within the enterprise-focused AR field, delivering outstanding performance and quality to their customers.
As Vuzix continue to push their brand and products deeper into the market, supporting their industry-leader status, VRFocus will be sue to bring you all the latest so make sure to stay tuned for more.
https://www.vrfocus.com/2018/06/vuzix-set-to-join-the-russell-2000-and-3000-index/
All these new positions are definitely not a meh. Thanks WTM.
By a good bit. Hopefully it can hold it. I feel like the negative pressure is easing off of all my growth stocks.
I agree. Somebody over on StockTwits said the Russell 2000 will rebalance this Friday. VUZI isn't currently included in it but I expect they will be this time. That should take a few shares out of the float.
I don't know when the shares will be bought, or how many, but we'll know if VUZI is picked very soon.
ZEV finally got rid of Stephen Ivsan. Things should pick up from here.
https://ir.stockpr.com/lightningemotors/sec-filings-email/content/0001193125-21-179844/d174343d8k.htm
Vuzix M400 and M4000 Smart Glasses Receive Medical Electric Equipment EMC Safety Standard Certification
12:20 PM ET 6/2/21 | Dow Jones
ROCHESTER, N.Y., June 2, 2021 /PRNewswire/ -- Vuzix(R) Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, today announced that the Vuzix M400 and M4000 Smart Glasses have received IEC 60601-1-2:2014 certification as medical electrical equipment meeting EMC safety standards. This certification applies to the basic safety and essential performance of medical equipment and systems in the presence of electromagnetic disturbances and to electromagnetic disturbances emitted by such equipment and systems, and relates to use in professional healthcare facilities, home healthcare and other special environments.
"Since the onset of COVID-19, Vuzix Smart Glasses have been called upon in healthcare to support medical device manufacturers and their operating room technicians, doctors in the operating room for training and mentoring during surgery and medical professionals to provide support and care for patients such as virtual rounds and wound diagnosis, " said Paul Travers, President and Chief Executive Officer of Vuzix. "Obtaining IEC 60601-1-2:2014 certification for the Vuzix M400 and M4000 Smart Glasses is an important step in helping our customers address safety and compliance requirements and will help accelerate our healthcare business."
Thanks for the news, but the twitter site is temporarily restricted for some reason.
Nothing new really, in Andy's hour long interview, either. It was just basically an overview of the advancing worldwide hydrogen industry.
The number of people posting here has fallen greatly. Is interest in PLUG dropping? LOL!
I wonder if we'll get noteworthy news tomorrow before Andy's hour long interview. It wouldn't surprise me.
Two good replies to my question. Thanks. All we can do is trust the CEO of the century to continue to make the right decisions.
Don't you guys think there is enough potential on PLUG's current plate that they would do well to just concentrate on executing well in the areas they are building new markets for?
Good find, JB. Thanks
Thanks to tb2_ventures on StockTwits
https://www.bizjournals.com/albany/news/2021/05/21/plug-power-headcount-surges-past-1400.html
Plug Power headcount surges past 1,400
Plug Power's headcount more than doubled over the past two years, surging to more than 1,400, as the fuel cell maker expands beyond forklifts into trucks, commuter planes, backup power and hydrogen-producing electrolyzers.
The Latham manufacturer's companywide payroll grew from 685 at the end of 2018 to 1,442 this month. And the company has another 240 openings for engineers, data scientists, warehouse workers, purchasing staff and field technicians.
The majority of the hiring spree occurred over the past year as demand grew for forklift-powering fuel cells that Walmart, Amazon and Kroger use to move product around distribution centers. Now, Plug is expanding into new applications, using fuel cells to power everything from delivery trucks to data centers.
"I think the material handling business will be the cash cow for Plug Power for many years," chief executive Andy Marsh said this week.
The gross margin for the sale of fuel cells and hydrogen fueling systems grew from 21% to nearly 35% between 2018 and 2019, before taking a hit last year due to an accelerated vesting of stock warrants stemming from an agreement with Amazon.
As Plug creates new markets for its hydrogen fuel cells, Marsh sees another another big opportunity to increase billings, which are projected to reach $475 million this year and $750 million in 2022.
The sale of electrolyzers could be the next big revenue generator, Marsh said. Electrolyzers will allow customers to produce what Plug describes as clean or green hydrogen using electricity.
Marsh points to the European Union's goal of having enough electrolyzers installed to produce 40 gigawatts of hydrogen by 2030. North Africa has a similar goal.
Then, factor in the growing demand for renewable hydrogen in the United States, he said.
"That has the potential to be bigger than material handling," Marsh said of the electrolyzer business.
Plug made a big push into electrolyzers in June, when the company bought Giner Elx of Newton, Massachusetts, for $58 million in a transaction involving cash, stock and future earnings.
Another large potential market will involve using Plug fuel cells for large stationary power projects, such as backup power for factories, distribution centers and data centers, Marsh said.
That will be a large part of the focus of Plug's joint venture with energy and chemical giant SK Group. The South Korean conglomerate invested $1.5 billion and took a 9.9% stake in Plug in January as the two companies partner on a business that will open a sales pipeline in China, South Korea and Vietnam.
Plug currently has nine people working with SK Group in South Korea to finalize the joint venture by the end of the third quarter. A separate joint venture to produce fuel cell-powered commercial trucks with Group Renault of France could be completed in the next six weeks.
Those efforts are in the works as Plug gets ready to build hydrogen generation plants in New York, Pennsylvania and Texas. Construction could begin by the end of the year or early in the first quarter of 2022.
Meanwhile, Plug is racing to open a $125 million factory in suburban Rochester that will be capable of producing 60,000 fuel cell stacks and 500 electrolyzers per year. The conversion of the former Alstom signaling plant is wrapping up and production is expected to begin in August.
The 155,000-square-foot plant will be fully operational by the end of the year.
All of those moves are fueling the need for more workers, Marsh said.
And it comes as Plug races to increase its capacity to produce more hydrogen using solar, wind and hydroelectric sources.
"The availability of hydrogen will drive all of the applications," Marsh said. "Without hydrogen, especially green hydrogen, it's tough to grow the fuel cell business."
He remains bullish that demand for hydrogen powered fuel cells will continue to grow.
Thanks xdx. So basically, no reason to be Afraid.
I wonder what they mean by 'expected'. Any ideas?
That's a satire twitter account, so probably not true. We can always hope though.
Andy's interiew on Cramer's Mad Money today. Lot's of interesting info.
6 going up and 6 going down. Maybe it's time to stepping up again.
Thanks to Hogshead on the FCEL board for this gem:
https://www.plugpower.com/resiliency-sustainability-the-one-two-punch-for-fuel-cells-and-hydrogen-in-stationary-power/
Velcro: I don't have private messaging privilege's here. I do take the fish oil daily and feel much healthier for doing it. Thanks again!
Here's the video from today's news release:
https://d24z0o580end1w.cloudfront.net/videos/VUZIX-Kingsman-v3.mp4
Good post Steve. Feel free to cut and paste it as often as you like, as it seems to have become an accepted practice on this board.
GLTAL's
Andy and Paul both sounded great today and ready to tackle the future. Very reassuring!
If I was to speculate on an acquisition for PLUG, I would think a company that specializes in retail refueling stations could be a monstrous opportunity.
Your first post was to strengthen and uphold me? Thank you, Darfus. I am still holding strong.
One of two things is happening:
Either the new president is sabotaging the American economy and we will never recover from the damage he has yet to do,
or,
the big money managers are mercilessly throttling individual investors to grab all their growth stock shares for themselves.
I don't know which it is, but I pray it's the second one, because that means we will soon see a recovery of our losses as we head toward fast profits.
Vuzix reports record quarterly revenues, 177% higher than last year's quarter, and the stock price falls as much as 21% in the 2 days since.
I wonder what kind of revenue it would have taken to impress this current market?
I'm beginning to think the best move might be to take my staggering losses in all the great companies I'm invested in and wait until a new administration that wants to see America succeed takes over.
WTM- Your work to inform us is appreciated.
3 analyst buy recs since yesterday:
Jonathan Dorsheimer
Canaccord Genuity
Buy
05/10/21 $69.00 Price target
Colin Rusch
Oppenheimer
Buy
05/10/21 $62.00 Price target
James West
Evercore ISI
Buy
05/10/21 $42.00 Price target
We'll never know, Steve. I'm ready for the future too!
https://www.bizjournals.com/albany/news/2021/05/06/plug-power-settles-price-gouging-lawsuit.html
Plug Power settles lawsuit with hydrogen supplier Air Products
Plug Power has settled a lawsuit accusing hydrogen supplier Air Products and Chemicals of price gouging and breach of contract.
The Latham fuel cell manufacturer voluntarily discontinued the suit this week after suing Air Products in state Supreme Court in Albany for allegedly increasing hydrogen prices as retaliation against Plug's decision to purchase a hydrogen generation company.
The lawsuit was discontinued with prejudice, which means it cannot be refiled.
"We came to an amicable closure of our differences," Plug officials said in an emailed statement Thursday.
Plug sued the industrial gas giant in April, claiming Air Products raised prices at all 25 sites where it supplies hydrogen that Plug Power customers need to reload fuel cells used to power forklifts in factories and distribution centers. Hydrogen prices increased last summer by anywhere from 27% to 117% depending on the location, according to the lawsuit.
The price spikes allegedly began within weeks after Plug Power announced it was investing $123 million to purchase United Hydrogen Group and electrolyzer maker Giner ELX.
Air Products officials were not immediately available to comment on the settlement. The company said last month that the lawsuit had no merit and Air Products (NYSE: APD) was prepared to defend itself vigorously.
Although Plug was unable to comment about the settlement beyond the emailed statement, the "amicable" resolution signals that the company believes it will be able to reach its goal of using hydroelectric, wind or solar energy to produce 500 tons of hydrogen per day by 2025.
Plug Power (Nasdaq: PLUG) stockpiled $5 billion in cash over the past year to help underwrite its plan to build hydrogen generation plants and manufacture hydrogen producing electrolyzers to achieve its hydrogen production goal.
Tim Reeser
@timreeser
Excited to announce we are officially public, trading under the ticker ZEV starting Friday morning! Our world is demanding a transition to commercial zero emission vehicles, and being public provides Lightning the resources to scale at a fast pace.
#LightningElectric $ZEV
Sorry, Steve. Heads must roll, or the natives will never be satisfied...at least until the stock moves north of $40 again.
I hope so too. I've got a good load of May $19 calls I bought after the initial drop after the public offering. I'm confident you'll be in the money by the end of next week. Good luck! I'm carrying lots of leaps to back it all up.
I liken Gordon Ramsay allowing Vuzix to use him the same way I view PLUG putting out a news release bragging about how they are using Vuzix glasses to improve training and communication. They both are obviously very impressed with the product. It's like me carrying a Micro Center bag around because it makes me appear smart. Lol!
Earnings report is Monday 5/10. From the way management spoke at the last earnings call, I expect them to blow away expectations. Here's hoping that will be the start of a fresh bull run to at least $35.
Maybe he got a reduced rate for all the glasses he needs for his 33 restaurants. Win/Win.
During this lull in corporate activities, where PLUG is only in the process of building several green hydrogen production facilities across America, building a hydrogen infrastructure in three countries on the other side of the world, arranging multiple partnerships in everything from automobiles to buses to trains with numerous companies, and is constantly engineering new and better products for a new and burgeoning marketplace, who, besides JB, thinks this would be an appropriate time for PLUG to shop for a new corporate headquarters in some new, albeit fancier city, and then ask the bulk of their 850 employees, both corporate and engineering, to pack up their families and move to that fancier city. All this to fire and replace a loyal CFO, who was following directions from a world class accounting firm, as a sacrificial lamb, only to replace him with a gold-digging CFO who only treats the job as a stepping stone to a job with an even bigger company
A show of hands for the initial vote should be sufficient.