Plug Power Inc (PLUG)

[WeTheMarket]

Counter to some comments I saw earlier today, per Sanjay, in answer to a question from an analyst in yesterday's Annual Business Update, the price of natural gas has a significant impact on the production cost of hydrogen. Sanjay added that for every $1 lower in the price of gas (for the standard unit of gas), the production cost of hydrogen is reduced by $1.5/kg. However, there is a three months delay from the time the market price for gas goes lower, to when Plug Power feels the impact. He also said that the numbers presented during the call do not take credit for the recent reduction in the prices of gas. For the 2023 annual projections, they used a conservative annualized average price of gas of $4-5 (for the standard unit of gas).

This is what I recall hearing, I tried to confirm this information by reviewing the transcripts of the call, which I found at the following link, however, I could not read them, as they require a subscription which I don't have. If another board member has access to the transcripts, please share.

https://www.marketscreener.com/quote/stock/PLUG-POWER-INC-10490/news/Transcript-Plug-Power-Inc-Special-Call-42814595/