Replies to post #36957 on Plug Power Inc (PLUG)

[RaptureSpecialist]

Because its stronger, better, faster, and more dependable ( especially in cold climates)!!$$
Buy some down here and thank yourself later Jackster!

[uksausage]

correct for FCEV passenger vehicles.....

Luckily PLUG isn't targeting that market so lets keep the conversation on our home turf....

Currently 100% of the forecast from the company is dedicated to Material Handling.

Have you worked out the percentage of the $600m commitment that Amazon and Walmart EACH made has actually been delivered?
In order to meet the $600m there is accelerated roll outs so we start shipping 2-3 times as many Distribution/fulfillment centers just for those 2 customers.

Add in new customers/and the replacement of 7 year old systems in existing customers

That will push PLUG to $400m + in Material handling and being GAAP profitable. No issue with H2 supply and price - apart from cost likely to go down as the Fuel cell costs have.

Then there is stationary power back up market - quietly been rolling out GenSure with Southern and Verizon in USA, now CHEM for Africa and other international markets - nothing in the estimates but a mature solution in growing market. I expect forecasts to include this next year i f not before

Only then should an analyst/investor be looking at the more risky business in the newer markets where there are more competitors and every one is in early adopter trials like:

Tethered delivery vehicles - StreetScooter and FedEX trials

Ground Support - partnership with Charlatte -for US market need to be part of wider airport modernization/infrastructure spending except for new airports like Amazons.

TRU's - don't forget how close that was to being the target market before Material Handling volume H2 supply/production is now more common - Air Liquide is provide H2 for Steel mills must be prety large volume per day.

AGV's and Drones - Already have a presence with BMW for factory AGV's, and a technology development agreement with Amazon and now new technology with the acquisition. Plus research into the automated refueling technology/processes.

So I see a great future in PLUG I am not sure why you think they are so badly managed when you look at where they are - EBIDTAS profitable this year and may be GAAP in 2020 certainly 2021 from current market / customers.


(as an aside what under-the-road vehicles are there? I want one since DC traffic is awful!)