Replies to post #53635 on Plug Power Inc (PLUG)

[jbsliverer]

B_B - Lots of Downgrade and Lower Estimates today and more next week.

Analysts don't like being lied to either.

I'm thinking a Hindenburg Research report might be coming. What, a few weeks ago they filed a positive pump about how much they would be making in the future, knowing full well of supply shortages that were pressing and knowing full well what the earnings were going to be. Plug has been hammered in the news today on financial stations all day. Professional analysts have been asked if it was a long buy today and no way was the answer, several saying it would be going lower and only good for trading (which it definitely has been, I'm just a trader with this, but going to have to say good by due to it has turned into a penny stock below my requirements).

But I don't know if their standard disclaimer few weeks back will cover them here, so I don't think this is the end of the bad story. One of the reports today stated they needed 3/4 of a billion cash infusion to survive for a year, didn't catch if it was this year. They have contracts already set up, but they will be losing money with the high cost of supply and begging the gov for low interest loans might be a hard push. With interest rates the way they are for other lending, it's going to be tough.