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Saturday, February 21, 2015 4:13:59 PM
The track record on conference calls vs. share price over the past year and a bit (stock price resurrection in Dec-13 to present) :
Activity Day Before Day After %Change Comment
Date PPS (Close) PPS (Close)
==========|============|=============|===========|=============
12/04/13 | 0.79 | 1.81 | +129% |Business update call
02/10/14 | 3.10 | 3.51 | + 13% |PR for new 1500 GenDrive multisite/year order to unnamed company
02/26/14 | 3.90 | 4.37 | + 12% |PR IDing Walmart, 1,738 GenDrive + GenFuel + GenCare
03/13/14 | 6.80 | 6.71 | - 1% |Q4 2013 results release after peaking at 11.72 on 03/11/14
04/21/14 | 7.32 | 6.70 | - 8% |Business update call
05/14/14 | 4.09 | 4.03 | - 1% |Q1 2014 results
08/14/14 | 5.86 | 5.92 | + 1% |Q2 2014 results with 0.02/share net and -0.04/share adj income
11/12/14 | 5.08 | 4.06 | - 20% |Q3 2014 results
01/28/15 | 3.18 | 2.75 | - 14% |Business update call
Leaving out the two press releases regarding the order from Walmart (ie. conference calls only) we have 2 increases, 5 decreases, a mean change of +12.3%, and a median of -1%. Those are the statistics, I'll leave the decision on the 'Andy Effect' up to you.
It goes without saying that the most important factor in whether a press release results in a gain or loss is the perception of delivery to the level of expectation.
In December 2013 no one (outside Plug Power) would have predicted that from the 14-Nov-2013 Q3 2013 results release when Plug announced $26M bookings 2013 YTD and no forward guidance, to the 04-Dec-2013 business update call when there are predictions of $70M in sales in 2014 of which 70% would be booked by 31-Dec-2013.
Likewise after several quarters of reassuring us of a $75M revenue target in 2014 who would have thought that Andy would have found religion during this past January's business update call, issued a most bizarre mea culpa regarding past performance and missing previously issued guidance, and in the end leave shareholders hanging by omitting any concrete number for Q4/Annual revenue guidance?
When it comes to expectations for the coming quarterly results call I think the recent share price performance says it best - schizophrenic - because that's the nature of the guidance we are being given.
Recent PLUG News
- Plug to Receive Federal Clean Hydrogen Production Tax Credit at Georgia Hydrogen Facility • GlobeNewswire Inc. • 06/28/2024 11:00:00 AM
- Plug CEO Andy Marsh to Participate in the 10th Annual ROTH London Conference • GlobeNewswire Inc. • 06/26/2024 11:00:05 AM
- Plug Reaches 7.5 GW in BEDP Contracts for Global Electrolyzer Projects • GlobeNewswire Inc. • 06/25/2024 11:00:23 AM
- Plug Secures 25 MW PEM Electrolyzer Deal for Major European Customer • GlobeNewswire Inc. • 06/21/2024 11:00:45 AM
- Plug Receives Industry Certification for its High-Powered Stationary System • GlobeNewswire Inc. • 06/20/2024 01:20:41 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 08:34:17 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 08:33:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 08:32:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 08:31:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 08:31:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 08:30:33 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/07/2024 01:00:18 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/05/2024 01:00:29 PM
- Plug to Webcast Annual Shareholder Meeting on June 5, 2024 • GlobeNewswire Inc. • 05/30/2024 09:55:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/24/2024 08:40:29 PM
- Form 424B7 - Prospectus [Rule 424(b)(7)] • Edgar (US Regulatory) • 05/24/2024 08:02:55 PM
- Plug, Airbus, Delta, Hartsfield-Jackson Atlanta International Airport Study Feasibility of Hydrogen Hub at World’s Busiest Airport • GlobeNewswire Inc. • 05/21/2024 03:31:00 PM
- Shareholders that lost money on Plug Power Inc.(PLUG) should contact The Gross Law Firm about pending Class Action - PLUG • PR Newswire (US) • 05/21/2024 09:45:00 AM
- Plug Signs 3 GW BEDP Contract with Allied Green Ammonia for Electrolyzer Project in Australia • GlobeNewswire Inc. • 05/16/2024 11:00:00 AM
- Plug to Revolutionize Middle-Mile Delivery with Class 6 Fuel Cell Electric Truck Integration • GlobeNewswire Inc. • 05/15/2024 11:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/14/2024 12:06:42 PM
- Plug Receives $1.66 Billion Conditional Commitment Loan Guarantee From Department of Energy for Green Hydrogen Development Pipeline • GlobeNewswire Inc. • 05/14/2024 12:00:00 PM
- Investors who lost money on Plug Power Inc.(PLUG) should contact The Gross Law Firm about pending Class Action - PLUG • PR Newswire (US) • 05/14/2024 09:45:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 08:34:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 08:33:19 PM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM