Thursday, February 25, 2021 9:38:25 AM
Just fyi. PLUG announced earning pre-market today and "missed" by $1.00 which is the big headline. Details show that they had a huge expense due to retiring outstanding warrants that impacted the number greatly. Revenues were better than expected.
I mention this because FCEL has traded in the first few minutes in lockstep with PLUG. We'll see how it goes from here, but my opinion is that the PLUG news is good news for them since earnings going forward will be more transparent. I think that'll set in after the initial reaction, but we'll see. And, we'll see if FCEL divorces itself from PLUG.
Regards,
WH
I mention this because FCEL has traded in the first few minutes in lockstep with PLUG. We'll see how it goes from here, but my opinion is that the PLUG news is good news for them since earnings going forward will be more transparent. I think that'll set in after the initial reaction, but we'll see. And, we'll see if FCEL divorces itself from PLUG.
Regards,
WH
Recent FCEL News
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