Plug Power Inc (PLUG)

[uksausage]

Bears will start to lose control as we see porgress as promised towards profitability

we don't need to hit profitability for bears to lose control.

During this year we will start to see the impact of the new strategy.

Electrolyser sales already high ($250m backlog) check
Electrolyser margins - need to be close to 30%
Hydrogen production increasing Quarter by quarter . believed 9.1TPD end of Q4 22 should be 50TPD end Q2 and 120 TPD and Q4 (but anything over 50 is great as that is PLUGs own use need. (Should be higher but plants may be built not fully operational)
Margins on fuel business toppling Q2 onwards as result of increased in house manufacturing
Fuel cell MH business continuing growth in line with 22. (already 30% margin)
ProGen Fuel cells for road mobility/stationary increasing and achieving 30% margin
Other BOP sales currently not in business forecast may exceed MH business by end 23.


So as each of these becomes visible bears shud eb turning into bulls