Plug Power Inc (PLUG)

[Jack_Bolander]

Banger - I love your blind faith:
From another Board:

"Given the company's negative gross margins, it is quite clear that PLUG is losing money on each GenKey solution sale but some of the companies listed above have never been meaningful customers or not even customers at all.

Linde:
MoU signed in 2020 for the demonstration of Plug Power’s ProGen fuel cell engine in Class 6 and Class 8 vehicles for use in Linde's own fleet with these FCEVs expected to be on the road in early 2021. Nothing has happened since then.

Gaussin:
This collaboration was signed in late 2020 but other than PLUG ordering 30 units for customers in North America, not much seems to have happened. Amazon actually opted for the BEV version recently:
www.marketscreener.com/...

MULAG:
One prototype produced, MULAG still does not offer a commercial FCEV solution.

ENERGYOR:
Small acquisition in 2019 to gain access to the field of drone technology. In 2021, PLUG signed an alliance with Israel-based HevenDrones but again, nothing appears to have transpired from the relationship so far.

NIKOLA:
Just recently announced hydrogen supply deal which is unlikely to ever come to fruition due to Nikola running out of cash soon.

Microsoft:
3MW demonstration project at Plug Power's parking lot in Latham !!!!!!
www.datacenterdynamics.com/...

Fedex:
Just two failed DoE-supported demonstration projects in the past decade."