Plug Power Inc (PLUG)

[peterpanwasjusthere]

Scuba, my view on PLUG is they always leave folks wanting more on these calls, and there's clearly room for improvement in their messaging but part of this is due to their fingers are in so many, many pies. I'm okay with this dynamic, however, as long as they deliver on their financial commitments and DO NOT ISSUE ANY MORE EQUITY!

I also believe Andy did not want to waste a lot of good news on this call given the terrible macro market environment as it likely wouldn't have helped much. Save it for when a bit of a tailwind returns (hopefully someday). Margins and profitability are critical in this type of market, and the points they made regarding Servicing costs being at least revenue neutral by end of 2022 was huge for me. Margins, path to true profitability, and full access to capital to fund the growth is what will help PLUG climb out of this stock price free fall.

2023 is clearly the ramp year. Question is when will the big institutional money turn on PLUG to prep for what should be an outstanding growth phase beginning 12 months out.

I'm hopeful the stock turns north soon and continue to believe the bottoming process began last Friday. Today was a good opportunity for the shorts to push the stock below $20, and thus far it appears that may not happen. I'm holding my breadth to see what happens with volume and price the rest of today.