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You might want to wait for it to hit its bottom.
And here comes the dilution I have been talking about. This will keep PLUG share price down for a long long time. It really won't matter what they do in Georgia, with Amazon etc. Management is quite pathetic, today, I think I take my loss and move on.
Good post, but I think you missed my point. Plug isn't a partner with amazon. FCEL which I own none of has bound themselves to EXXON. If they need cash to move forward....they will get it. My concern, which has not been addressed by you, is the cash burn of PLUG. Like you I have been long on for a LONG LONG time. My fear is another round of dilution is coming. Waiting on a Gov loan which is, if possible, at least 6 months away, will take PLUG thru two earnings periods with more loss and no more cash. I really don't want to see $2.00 a share
Seriously, a year ago PLUG was $18 dollars a share! Do you really want to compare. Charts are one thing, financials are another. When you have to spent $3 for a product you sell for $1 it is not gonna work. I have been long on Plug for some time, however you can't get away from the cash burn they have. tThe lack of management is enough to make the most seasoned investor run for the hills. I would much rather at this point in time see them partnered Exxon. You know a company that actually has cash. The new fraud suit isn't going to help either.
Glad we speak the same language!
Plug has one major problem to solve. They spend 3.5 dollars for every dollar of product they sell. the cash burn is still mounting and I'm afraid dilution is coming. It is great talking about old PR's and partnerships but the real elephant in the room is lack of cash.
My response was to whether or not there was an alternative,
https://www.bloomenergy.com/applications/hydrogen-fuel-cells/
Bloom energy offers a proven alternative. I am not pumping Bloom and I am long on Plug.
https://www.bloomenergy.com/bloomelectrolyzer/
Average Amazon distribution center/fulfillment center has approximately 200 forklifts. Each distribution/fulfillment center averages about 800000 square ft. With the amount of hydrogen they are producing at this one center there will not be excess for storage. I'm not bashing the stock, I have quite a few shares. On the contrary, I am pointing out the obvious and based on share price......well....
Amazon won't fund anything without taking a big piece of the pie.
Amazon has close to 1200 fulfillment centers and adding 300 more this year. Although this is a great step for PLUG, the intire system only has the means to charge upto 400 forklifts with hydrogen There are just over 200 in this one facility. PLUG needs to figure out how to get it into all Amazon facilities. Then again that takes cash of which they have none. I am long PLUG and unfortunately, I feel as though I am just waiting for the next batch of dilution. Now I see the big players jumping into this industry. You know Exxon Mobile with Fuel Cell, BP, and they all have unlimited funds. Quite frustrating to sit back and watch this all unfold. Lets go Santa Rally, looking for an exit point.
Long on PLUG but unless they generate some cash this isn't looking really good for the short term.
More of concern is Exxon Mobile has tons of cash. It isn't going to hurt Plug as much as slow the growth in hopes they can keep up. Wish we had more cash to support the burn rate.
So what happened to Lite after all the hype that drove it up a few months back. Will it ever regain any of its value?
Does PLUG ever break out. It has been a rollarcoaster ride.
So as bitcoin goes, so does RIOT. Definitely joined at the financial hip.
So will the late action today tell the tail for Monday?