Plug Power Inc (PLUG)

[scubastevemd]

That makes sense since Plug has so many ongoing projects and recent deals. We are just starting to see the begging of massive layoffs starting. This recession could be as bad or worse than the one in 1980's when Volker raised rates to 20%. While I don't see 20% I would not be surprised to eventually see 8% or more depending on what happens in the next few quarters. Will we start seeing prices come down? With Union contracts forcing up labor cost and the recent $15+ push in minimum wages the only way to get this sticky cost down is layoffs. When people start moving back in with their parents and rents come down along with housing prices we should start turning around, but this might take a year or two. As for Plug being profitable in 2025 I thought Andy said 2024? Amit and Andy need to get on the same page. AS for me I will believe it when I finally see it. We should weather this storm better than most due to the Government tax credits, but we are not immune to the recession.