Plug Power Inc (PLUG)

[scubastevemd]

Good, Bad and plain ugly. Good. Finally, increasing prices. Will it be enough and can we still compete is the question. Hiring freeze. Halt Tx. and NY for now. Ga. started finally producing, but not fully and Tn. back soon. DOE loan closer. So, they sound serious at least. Bad: Ga. not fully operational and said nothing about the second unit. DOE loan at best we get the money in 3Q. Not stopping the ATM so more dilution and looking to factor or more ways to raise cash so things are worse than they are letting on. (I thought the ATM would cease when the DOE money started, but no mention of that) Ugly- 200 million versus 400-500 million expected in 4Q and slowing revenues. No mention of 45V so that is not positive either.

Synopsis- Promises of glory drag on forever and somehow these two are given another chance to screw up and I'm not sure why. Suspect we stay under $5 for the year unless 45v turns around and sparks a rally. IF Andy, thought this would cause a short squeeze I think he remains delusional.