Replies to post #55012 on Plug Power Inc (PLUG)

[Penny chatter]

Hit piece. Market cap 2.2 billion and today's money is 1.2 billion.

[Penny chatter]

Energy will be big business now

#NATO has started its biggest military exercise in decades.

It will last for 4 months and around 90,000 troops will participate in the drill, rehearsing how #US troops could reinforce European allies in countries bordering #Russia if a conflict were to flare up with a… pic.twitter.com/E31AM4iWNn

— Russian Embassy in South Africa 🇷🇺 (@EmbassyofRussia) January 23, 2024

[Penny chatter]

Plug Power (NASDAQ:PLUG) – Plug Power announced a $1.6 billion government loan from the Department of Energy to support the construction of hydrogen production facilities. This is good news following an 80% drop in shares and stock sale agreements that concerned investors. The company focuses on managing financial challenges and announced the inauguration of a hydrogen plant in Georgia

[B_B!]

I think it is easier and cheaper to get a loan for a nearly completed facility than a loan for a facility that has yet to be build.
Most construction costs are already known.
A loan with collateral is less risky for the lender, it often has a lower interest rate than unsecured loans.


Plug Power: Sell The Rally On Poor Business Prospects And Likelihood Of Major Dilution
Department Of Energy
Jan. 23, 2024
…..
As an example, in late August, aspiring zinc-based energy storage solutions provider Eos Energy Enterprises, Inc. (EOSE) or "Eos Energy" was provided a conditional $398.6 million loan guarantee commitment by the DOE but the company still hasn't satisfied all conditions for closing the loan.

With Plug Power's loan application being 4x larger and covering up to six different green hydrogen plants, I would expect review and funding to take even longer. In fact, I wouldn't be surprised to see closing being delayed beyond the U.S. presidential elections.
…..
https://seekingalpha.com/article/4664541-plug-power-sell-the-rally-poor-business-prospects-major-dilution-risk?source=copy_to_clipboard


Eos Energy Enterprises Announces ‘Project AMAZE,’ a $500M Program to Address Long-Duration Energy Storage Demand
U.S. Department of Energy issues conditional commitment for a loan to finance up to 80% of Project AMAZE – American Made Zinc Energy
Turtle Creek, PA August 31, 2023
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if the loan is finalized, would fund 80% of Eos’ planned expansion.
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https://www.eose.com/eos-energy-enterprises-announces-project-amaze-a-500m-program-to-address-long-duration-energy-storage-demand/