Plug Power Inc (PLUG): NO ! I feel the need to update this p...

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Jack_Bolander

Re: None

Friday, 11/10/2023 9:23:00 AM

Friday, November 10, 2023 9:23:00 AM

NO !

I feel the need to update this pre-earnings note from yesterday after reading the ER, the Shareholder Letter and the CC. All were much worse than anyone guessed. So now :

NO- Georgia
NO - DOE Funding
NO - IRA Rules or Credits
NO - HUB Monies
NO - Major Deals
NO - Profitability, only more LOSSES
NO - Hydrogen
NO - More Money

But we will be promised a better next Q (Again) , with lots of "PediStool" customers and MOU's which never materialize or generate revenues.
Sanjay blubbered about big deals in the pipeline, but who is going to do business with a company that may not be here in a year.

This is a worse ( even worser) case scenario, but I don't think anything positive will be coming out of Washington before November 17th either.

Several DOWNGRADES are coming and raising Capital will be much more difficult in 2024. These guys are a Credit nightmare.