Tuesday, March 13, 2018 12:36:42 PM
the hydrogen and service lines are almost at break-even now due to economies of scale and they have visible market opportunity to triple the business
they will make a profit in Q3 given the planned scale up of Amazon and Walmart installations. Amazon did over $50m in 9 months last year (really only 6 as there was inventory build up), imagine when they are doing $50m a quarter.
There are three things that are making financials look bad at the moment
a) the warrants being accounted for as a "reduced revenue/discount" which is pretty accurate but since they seem to be doing it on a pro rata rate every quarter there will be a line equating to the number of equivalent warrants Amazon and Walmart have acquired a right to.
b) Research and development which has grown again but they claim will stay at the new level this year - new metal cells come available in H2 which should be cheaper and more reliable - hopefully they can automate their assembly as well which will slash the product cost. The ProGen engine line of modular solutions will come from here as well as Delivery truck and Airport GSE solutions
c) SG&A no comment as to why this has grown as much as it has as their marketing efforts are as bad as ever.
Still given all the above they will be making enough in Q3 to cover it all. The numbers prove it
.
Recent PLUG News
- Nike Shares Surge 7% Pre-Market as Elliott Hill Becomes CEO; FedEx Shares Tumble 13% After Profit Miss • IH Market News • 09/20/2024 10:02:58 AM
- Plug Power Launches an Equipment Lease Financing Platform - Plug is Targeting >$150 million from a Combination of Debt Leverage & Customer Financing Solutions • GlobeNewswire Inc. • 09/19/2024 11:00:00 AM
- Plug Signs Technical Evaluation Phase Contract for 25 MW of PEM Electrolyzers with Dourogás and CapWatt for 80,000 Ton Per Year Methanol Project • GlobeNewswire Inc. • 09/12/2024 12:16:17 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/09/2024 01:00:11 PM
- Plug Announces Participation at the H.C. Wainwright 26th Annual Global Investment Conference • GlobeNewswire Inc. • 09/09/2024 11:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/05/2024 08:36:17 PM
- Plug Power Announces Completion of Undertakings Related to 2023 SEC Settlement • GlobeNewswire Inc. • 09/05/2024 08:31:00 PM
- Plug Awarded $10 Million DOE Grant to Lead Development of Advanced Hydrogen Refueling Station in Washington State • GlobeNewswire Inc. • 09/05/2024 11:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/22/2024 11:36:17 AM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 08/22/2024 11:34:32 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/22/2024 11:15:03 AM
- Plug Power Appoints Colin Angle, Former CEO of iRobot, to Board of Directors • GlobeNewswire Inc. • 08/22/2024 11:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/09/2024 08:31:20 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/09/2024 08:30:43 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/09/2024 08:30:15 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2024 11:08:44 AM
- Plug Power Announces Key Developments and Strategic Milestones in Second Quarter 2024 • GlobeNewswire Inc. • 08/08/2024 11:00:00 AM
- U.S. Index Futures Drop, Signaling Ongoing Market Volatility; Oil Prices Stall • IH Market News • 08/08/2024 09:55:44 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/02/2024 08:51:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/02/2024 08:50:15 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 08/02/2024 08:48:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/02/2024 08:31:43 PM
- Plug to Announce 2024 Second Quarter Results • GlobeNewswire Inc. • 07/31/2024 11:00:00 AM
- Plug Power Names Amazon Executive as its New COO • GlobeNewswire Inc. • 07/30/2024 11:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/22/2024 09:10:58 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM