Plug Power Inc (PLUG)

[Jack_Bolander]

Banger - I don't have any worries about the Olin Plant. It was built and run for years by Jim Beard, one of the best plant operators in the business. Most of the staff at the Olin plant were trained by Jim and his legacy and culture of excellence continues. PLUG could learn much from Olin (but they won't !).
Note that the Olin plant is not Green Hydrogen.

Also I doubt that the plant in Bruges will help PLUG with their hydrogen supply issues in the US. TN and GA are STILL NOT Fully Operational !

And I don't think we will see hydrogen prices "tumble" anytime soon. PLUG and everyone else have stopped their new planned hydrogen production projects until the 45v Final Rules come out .... Probably AFTER the 2024 elections.

This pushes all of those plants into 2026 before they are producing ... at the earliest.