Plug Power Inc (PLUG)

[Jack_Bolander]

WTM - Since you can't open the SA article, you can't see my response :

"I Strongly Disagree.

What was PLUG's share price at the time of your last article? $2.32
What is PLUG's share price today ? $2.06

As a Sector, Fuel Cell share prices are very close to their ALL TIME LOWS.

Toyota, the largest hydrogen vehicle manufacturer, recently announced major discounts on their hydrogen fuel cell vehicles due to poor sales, and have been sued by existing vehicle owners over resale values, lack of refueling infrastructure and other value decreasing issues.

Specific to PLUG, although PLUG has taken measures to improve it's balance sheet, these measures have not even met internal goals, and PLUG's cash burn rate may require additional capital raises in the near term, especially if the long-awaited DOE backed Loan, continues to be delayed. This Loan is the source of capital for PLUG's expansion plans. The delays are negatively impacting these plans; and if the Loan does not materialize, PLUG's plan "B" would include contraction.

PLUG's misguided Sale / Lease Back deal last month is a good/BAD example of a desperate management taking desperate measures for very little/very expensive capital.

Waiting until a loan or the IRS 45 v rules are finalized seems a safer strategy than betting that PLUG can succeed without them.

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Here is the link for those who can open the link:

https://seekingalpha.com/article/4724499-plug-power-is-a-strong-buy-as-the-number-of-hydrogen-powered-vehicles-looks-poised-to-surge#scroll_comments