Replies to post #54896 on Plug Power Inc (PLUG)

[uksausage]

I am waiting for next week before trying to make calculations about cash burn.

PLUG needs the Entire ATM and the DOE Loan. The burn rate is more than the ATM and Loan can cover

Over what period are you looking?

Assuming DOE loan comes in in Q3 they have slashed current project spend already, H2 from TN and GA will reduce the cash going to fund the fuel business from February onwards, so may only need $250m for Q1 onwards.

Not sure how they account the DOE loan when it does arrive as much ($300-$500m) of the $1.5Bn has been spent already so can they move that to current account?

Once they have that they can start up TX and NY if still planned (NY should be I think TX may not) plus there is Bruges where we have no idea if still building or if that is on hold. how fast can they get NY up and running with the DOE money?

All questions to be answered next week

I thought Henrik's Seeking alpha was pretty good.