Plug Power Inc (PLUG)

[uksausage]

not sure we should expect much new "red meat". but agree the focus should be in explaining the business strategy short term (next 18 months). Analysts need it spelled out in easy to understand steps how profitability will be achieved.

Take each line in the revenues and show how margins will be being improved - starting with GenDrive / Material handling and the proGen) ,then service costs, then fuel supply - current customers, then fuel supply to third parties (Nikola etc) , then sale of electrolyzers, then sale of infrastructure (liquefaction etc). The last one has huge revenues attached per sale but what margin?

They may say something about another factory for electrolyzers but aart for that their infrastructure cost should all be the H2 generation sites and getting them operational ASAP.

Live video from Georgia would be great. (are they complete construction - the Wall street journal photos indicated they weren't but had no dates)
Texas and California sites need to demonstrate progress - regular drone flights like Bearsworkshop would help every month.


I have a feeling the 2023 revenue forecast will be improved with the $100m + orders they are booking but they may hold off for Q4 results or even Q1.