Plug Power Inc (PLUG) Quote

California will host a billion-dollar 'hydrogen hub.' What it means for our energy future
Russ Mitchell
July 25, 2024
https://www.yahoo.com/news/california-host-billion-dollar-hydrogen-100030617.html

Steve - Andy tricked a lot of people with his Pump & Dump tactics.

Everyone should have known this Secondary was coming. All of the signals were there.

As for the next Quarterly Report, fasten your seatbelts. There is a reason PLUG dumped nearly 80 Million shares this week instead of after the "good" news.

Plug's earnings are always a mixed bag, some good numbers and some bad numbers. But the bad numbers are usually REALLY BAD, and more than cancel out any good . We have all seen this repeatedly quarter after quarter / year after year. And this Q will be more of the same.

A big improvement in cost cutting and margins would be great, but C'mon, This is PLUG we are talking about, and PLUG never does anything well ... except to disappoint shareholders.

Thank you again to B_B! and WeTheMarket for balanced information about PLUG and hydrogen in general; and they are absolutely related in news. Just about everything hydrogen, affects PLUG in some way. Thank You.

Yep, it looked that way, but then Andy, as usual, was a buzz kill and pulled that garbage. The shorts never had a better friend than Andy for sure. Waiting to see if the bottom line shows any marked improvement at all and that trend starts looking better at least. If so, it should help the stock. Hard to believe that everything is taking years longer than expected. I have a feeling Andy knew but sold everyone on things turning faster. Really, hard to believe anything until you see it with Andy.

Repost from NKLA board.

Limited pool of first-come, first-served incentives available.
https://www.nikolamotor.com/incentives

UP TO $288,000* PER TRUCK AVAILABLE
In California state incentives.

UP TO $385,000* PER TRUCK AVAILABLE
In Texas state incentives.


UP TO $185,000* PER TRUCK AVAILABLE
In New York state incentives.

DWC, you conveniently neglected to mention the rise in revenues, which one could argue has been more consistent than the rise in share count, as they had a 10:1 reverse split in 2011 which reduced the share count by a factor of 10.

Plug headed to 1 billion shares outstanding… their share count is the only thing that has consistently risen since their IPO. True remarkable!!

B_B - C'mon and pay attention. You missed the BIGGEST Hydrogen News of the DECADE !

https://www.autoweek.com/news/a61694264/kawasaki-hydrogen-motorcycle-demo/?source=nl&utm_source=nl_aut&utm_medium=email&date=072524&utm_campaign=nl36185793&user_email=8d9851e5841c4a32190c7121fcd246cc3028096c3eacd969882f09405d48ab5a&GID=8d9851e5841c4a32190c7121fcd246cc3028096c3eacd969882f09405d48ab5a&utm_term=TEST-%20NEW%20TEST%20-%20Sending%20List%20-%20AM%20180D%20Clicks%2C%20NON%20AM%2090D%20Opens%2C%20Both%20Subbed%20Last%2030D

A Hydrogen Motorcycle that POLLUTES !

Like most of your posts it has NOTHING to do with PLUG.

Every PLUG Rally Fades Within Days !

In order to reverse such a strong Negative Trend it is going to take some doing .... Like Andy getting the BOOT.

So long as Andy, Paul and Co are around, I don't think the trend will bend.

The Loan alone (pun intended), is not enough to reverse the trend, after all, it is just MORE DEBT, and not something to be celebrating, but it will create a temporary bump in the share price.

Nor is the 45v enough, especially if the rules stay close to the original terms.

Everyone is Double Counting 45v. $3.00 for PLUG. $3.00 for the customers.

The 45v only benefits a small portion of PLUG's revenues and it might not even move the needle in the final analysis.
Hydrogen revenues are just a small part of PLUG's portfolio. Adding $3.00 in tax credits on Green hydrogen production can't fix PLUG's bottom line.

Especially if Walmart and Amazon want the credits. ... After all, companies that actually make money have a better use for Tax Credits than companies that lose money .... Like PLUG.

The Cheerleaders here are putting way too much weight in the 45v impact.

Sorry guys. As long as the current management is in place, Wall Street has little confidence that these stooges can turn the boat.

HOWEVER, if the Board can bring in an All-Star from outside to fix things (Think a Bob Lutz) , only then will we see PLUG turn positive.

B_B - Last week everything was great for PLUG; lots of positive PR, and the only catalysts, the Loan and 45v, were all positive.

Steve even thought that the Negative trend had changed direction.

And then PLUG reality happened.

The poorly timed Secondary was a major NEGATIVE Catalyst. DOWN 30+% in a Week !

And soon another poor Quarterly Report will drive PLUG 's share price even lower.

Every PLUG Rally fades within days.

What a great company.

A Serious Question :

PLUG just did a deal for $200 million and it has cost the shareholders 30+%. That sounds like really expensive money to me. What is the interest rate for Mastercard ?

Won't the DOE Loan rate be less ? If I'm a banker and PLUG comes in wanting $1.6 Billion, I'm going to charge PLUG 15+%.

Hey, it's cheaper than this Secondary, and PLUG doesn't care because the risk is on the US Taxpayer

We move sideways waiting for Headlines or the Earnings.

With neither, the trend continues down until there is a Catalyst / Headline.

There's nothing happening at PLUG to reverse the trend.

Not even good economic news out of Washington can help.

Longview - PLUG has fallen from $75 - $2.40, shorts have been covering ... DEEP IN THE MONEY .. All the way Down.

The 29% who are short are safe, and so are their profits.

Cant wait for the covering to start

The volatility and extremely poor performance of the Nasdaq will force the Fed to be dovish next week. This will help small cap stocks even more.

Wed 7/31 2:00 p.m. FOMC Meeting

“I’ve got six months left of my presidency, and I’m determined to get as much done as I possibly can, both foreign policy and domestic policy,” he said, citing initiatives to curb gun violence, expand child care and elder care, lower the cost of prescription drugs and stem climate change.

Biden Returns to a Vastly Different Presidency With Six Months to Go
By Peter Baker July 23, 2024
https://www.nytimes.com/2024/07/23/us/politics/biden-address-nation.html

NASEO issues new resources to advise state energy offices on clean hydrogen
Published on July 25, 2024 by Dave Kovaleski

The National Association of State Energy Officials (NASEO) released two new publications on clean hydrogen for State and Territory Energy Offices.

These resources are part of a toolkit developed with input from the NASEO Clean Hydrogen State Working Group, with support from Breakthrough Energy.

The first publication is called the Clean Hydrogen Production Tax Credit: Overview and Implications. It provides State and Territory Energy Offices with a high-level overview of the proposed guidance for the clean hydrogen production tax credit (45V); implications for states and the private sector; and opportunities for state-level incentives that compliment or expand on the federal tax credit.

An understanding of the 45V tax credit and the different requirements it entails are important to support and move clean hydrogen policies, programs, projects, and planning efforts forward.

The second publication is called Engaging Stakeholders on Clean Hydrogen Efforts. It aims to guide State Energy Offices in planning for, implementing, and evaluating stakeholder engagement efforts surrounding clean hydrogen activities. It will do this by providing a framework, examples of successful strategies, and additional models and best practices to consult.

The tool intends to support states engaging stakeholders on a broad spectrum of clean hydrogen activities, including hydrogen roadmaps, policy and program development, and implementation of the Regional Clean Hydrogen Hubs.

https://dailyenergyinsider.com/news/44630-naseo-issues-new-resources-to-advise-state-energy-offices-on-clean-hydrogen/

Large-Scale ‘Clean Hydrogen’ Project Moves Forward in Germany
Jul 25, 2024
https://www.powermag.com/large-scale-clean-hydrogen-project-moves-forward-in-germany/

Shell takes final investment decision on 100MW German green hydrogen project to supply its own refinery
The oil major will install PEM electrolysers for start-up in 2027
Polly Martin 25 July 2024
https://www.hydrogeninsight.com/industrial/shell-takes-final-investment-decision-on-100mw-german-green-hydrogen-project-to-supply-its-own-refinery/2-1-1682841

Siemens Energy wins 280MW electrolysis plant contract from EWE
By Dominic Ellis on Jul 25, 2024
https://www.gasworld.com/story/siemens-energy-wins-280mw-electrolysis-plant-contract-from-ewe/2141810.article/

Shares Outstanding 821.3M
https://finance.yahoo.com/quote/PLUG/key-statistics/

The global hydrogen economy is finally taking off. It’s only a matter of time, before Plug Power succeeds.

INEOS and Daimler Truck kick off liquid hydrogen truck trials
By Edward Laity on Jul 25, 2024
INEOS Inovyn and Daimler Truck have begun customer trials using “Europe’s first” heavy-duty liquid hydrogen-powered truck.

Taking place over the next 12 months, the Mercedes-Benz GenH2 Trucks are expected to make around 250 deliveries supporting PVC customers across Germany. H2 View understands that the vehicles benefit from a range of more than 1,000km and they can carry the same payload as a conventional diesel vehicle.
…
https://www.h2-view.com/story/ineos-and-daimler-truck-kick-off-liquid-hydrogen-truck-trials/2112865.article/

Toyota Pilots Long Haul Hydrogen Trucks With Coca-Cola And Air Liquide
Gaurav Sharma Jul 25, 2024

Global automaker Toyota (TYO: 7203) has launched a pilot program for new hydrogen-fueled long haul trucks with zero tailpipe emissions in partnership with drinks giant Coca-Cola (NYSE: KO) and industrial fuels and technology specialist Air Liquide (EPA: AI).
…
https://www.forbes.com/sites/gauravsharma/2024/07/25/toyota-pilots-long-haul-hydrogen-trucks-with-coca-cola-and-air-liquide/

Nasdaq sells off for a second day as rotation out of tech continues, Russell 2000 rises: Live updates
UPDATED THU, JUL 25 2024
https://www.cnbc.com/2024/07/24/stock-market-today-live-updates.html

Pacific NW Hydrogen Hub Launched with 1st Round of Federal Funds
Hub to Focus on Production, Distribution of ‘Green’ Hydrogen Made from Water
Jul 24, 2024 | Robert Mullin
The Pacific Northwest Hydrogen Association said it secured the first slice of a $1 billion DOE grant to develop a network of clean hydrogen suppliers and consumers across the region.
https://www.rtoinsider.com/83930-pacific-nw-hydrogen-hub-launched-federal-funds/

July 23, 2024
LPO Announces Conditional Commitment to IRG Erie to Build Pennsylvania Mechanical Plastics Recycling Facility that Will Help Lower Steelmaking Emissions

July 18, 2024
LPO Announces Conditional Commitment to Clean Flexible Energy to Build Utility-Scale Solar Generation and Storage in Puerto Rico

July 9, 2024
LPO Announces Conditional Commitment to ENTEK Lithium Separators to Build Indiana EV Battery Separator Manufacturing Plant
https://www.energy.gov/lpo/listings/lpo-news

WTM - NO !

Everyone is Double Counting 45v. $3.00 for PLUG. $3.00 for the customers.

Now the BAD NEWS : $3.00 isn't enough.

Now the Worse News : Hydrogen revenues are just a small part of PLUG's portfolio. Adding $3.00 in tax credits on Green hydrogen production can't fix PLUG's bottom line.
Especially if Walmart and Amazon want the credits. ... After all, companies that actually make money have a better use for Tax Credits than companies that lose money .... Like PLUG.

And speaking of hydrogen production, the only project I like is the Olin JV in Louisiana. Only because OLIN is in charge. Olin knows how to run a business and make money. Maybe PLUG will learn something by working with OLIN ... But I doubt it.

Just knowing amazon is using plug is enough for me. It’s only a matter of time

SHORT INTEREST 222.03M (07/15/24)
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SHORT INTEREST 183.89M (01/31/24)
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SHORT INTEREST 158.33M (01/12/24)
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SHORT INTEREST 161.5M (12/29/23)
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SHORT INTEREST 158.44M (12/15/23)
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SHORT INTEREST 155.38M (11/30/23)
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SHORT INTEREST 144.63M (10/31/23)
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JB, assuming a favorable resolution of 45V, as well as other government incentives you may be familiar with, would that make PLUG hydrogen applications economical?

We move sideways waiting for Headlines or the Earnings. With neither, the trend continues down until there is a Catalyst / Headline.

There's nothing happening at PLUG to reverse the trend.

Maybe good economic news out of Washington can help.

Poor hydrogen economics are making many PLUG applications and solutions a tough sell.

Innovations like Back up power, GSE'S, stationary power ... the technology works, the compelling economics don't.

Green Day’s coming

Key slides from Mission Hydrogen webinar "Solid Oxide Fuel Cells – State of the Art and Outlook." yesterday morning at 10 am ET.

Its focus will initially be on four projects in Australia, the United States, Norway and Brazil with additional projects in Morocco, Oman, Egypt and Jordan to follow.
Fortescue still plans to boost capital expenditures at its energy division to $500 million, up from initial plans to spend $300 million, and its net operating expenditure to around $700 million next year, up from as much as $500 million anticipated in 2024.

Fortescue to step up energy spending despite job cuts
By Reuters July 25, 2024
https://www.reuters.com/markets/commodities/fortescue-step-up-energy-spending-beats-with-quarterly-record-iron-ore-output-2024-07-25/


Fortescue, as reported in the AFR on Thursday, has quietly transferred the ownership of two gigawatt scale wind projects – Prairie and Wongalee in Queensland – from Windlab, which is majority owned by Forrest’s private interest, to Fortescue.
Fortescue opens first solar farm as it gathers wind assets to help real zero and green hydrogen plans
Giles Parkinson Jul 25, 2024
https://reneweconomy.com.au/fortescue-opens-first-solar-farm-as-it-gathers-wind-assets-to-help-real-zero-and-green-hydrogen-plans/


The proposed 550 MW (megawatt) PEM (proton-exchange membrane) electrolyzer supply contract for Fortescue’s green hydrogen production Gibson Island Project in Brisbane, Queensland, Australia

Plug Preferred Supplier Of 550 MW PEM Electrolyzers To Fortescue For Proposed Gibson Island Project
October 11, 2023
https://www.ir.plugpower.com/press-releases/news-details/2023/Plug-Preferred-Supplier-Of-550-MW-PEM-Electrolyzers-To-Fortescue-For-Proposed-Gibson-Island-Project/default.aspx

To watch the decline to $2.50 and being told that everything is great, defies logic.

" The one next deal will fix everything ..."

DOE Loan, 45v, Data Centers, Europe, Australia .....

How about, none of the above.?

Hydrogen growth is too slow and PLUG is over built.

Kudos to those in the hydrogen sector who are patient and disciplined and are waiting on rules, and demand to support their investments.

Breaking News: Monumental Movement Coming From California’s ARCHES Hydrogen Hub.

The Hydrogen Podcast
1.25K subscribers
Posted Jul 25, 2024

In episode 333, The Arches hub signs with the doe. What are the details, and what does this mean for the future of US hydrogen development? I'll go over this news and give my thoughts on today's hydrogen podcast.

Bosch: Turning All Trucks Into... Nikola Trucks?

ExpovistaTV
32.4K subscribers
Posted Jul 24, 2024

At CES 2024, Bosch outlined its vision of hydrogen as a key element in reducing carbon emissions and highlighted the partnership with Nikola to develop hydrogen fuel cell powertrains for heavier vehicles. At the ACT Expo, Bosch expanded its focus to accelerating the transition to zero emissions for existing diesel trucks, introducing innovative solutions like eFuels and renewable fuels. Here are Bosch's strategic efforts to create a sustainable future for the trucking industry.

Fake News.

"Treasury Eases 45v rules: Billions to be Invested" (...and Hydrogen names rally HARD)

That's going to be the headline in the coming weeks and certainly before Aug 16.

On July 10th, 13 congressmen urged Treasury to ease the 45v rules' draft and are telling the treasury outright that their draft rules do not follow the law's intent!


Why can't the Treasury just ignore them? These legislators wrote the law; if rules are not inline with the law's intent, they will be struck down = professional suicide for gov lawyers.

What did they recommend? To ease the "3 pillars" application.

Why by Aug 16? It's in the letter. Also, for $ to start flowing before the election and fiscal year runs out, after August 16 makes things problematic.

The final rules will transform a clean-energy sub sector from dogs to darlings overnight.

https://www.padilla.senate.gov/newsroom/press-releases/padilla-colleagues-urge-treasury-to-adjust-guidance-to-support-clean-hydrogen-power-development/

At the opening there will be some collateral damage from the Nasdaq crash, but in the afternoon the Russell 2000 will recover.

UK, agree, but this feels different, Honda is a major prestigious company, why would they get involved?
Honda was a partner of Plug Power at one point, early in the company's history.

I “follow” them on Ihub boards only. yesterday they had a different announcement, makes probably 10 partnerships for producing something that we have no details on.

the one from yesterday was:
"SunHydrogen Announces Agreement with CTF Solar GmbH, Global Innovator of Thin Film Solar Cell Modules, to Accelerate Production of Green Hydrogen Panels
CORALVILLE, IA – July 23, 2024 – SunHydrogen, Inc. (OTCQB: HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and water, today announced that the Company has entered into a technology collaboration agreement with CTF Solar GmbH to integrate CTF’s solar cell modules into SunHydrogen’s technology for green hydrogen production.

In a recent letter to shareholders, SunHydrogen’s CEO Tim Young detailed the advantages of pursuing this strategy in parallel with the Company’s nanoparticle technology.

Over the past eight months, SunHydrogen has successfully adapted CTF Solar's commercial solar cell module design to create a 100 cm² hydrogen module that facilitates hydrogen production with minimal modifications to the existing manufacturing process. This strategic adaptation enhances the photovoltaic elements to achieve optimal voltages and currents, essential for efficient hydrogen generation. Furthermore, SunHydrogen is leading efforts to integrate catalysts and is collaborating closely with CTF Solar to implement stabilization coatings, ensuring improved performance and durability of the modules.

Through the agreement, SunHydrogen and CTF Solar will initiate the production of hydrogen modules for a pilot demonstration involving 50 1m² green hydrogen panels. This collaboration will evaluate the performance, cost-efficiency and operational functionality of these modules at a systems level. Soon, SunHydrogen plans to announce an industrial partner for development of housing units and essential infrastructure necessary for scaling up to commercial production.

With a proud history spanning decades of innovation, CTF Solar is not only a technical partner, but also a robust industrial partner capable of scaling operations globally. Located in Dresden, Germany, CTF Solar is managed by pioneering German photovoltaic engineers and owned by China Triumph International Engineering Co., Ltd. (CTIEC), a top 200 global design and engineering company. CTIEC is part of the CNBM Group, a Global Fortune 500 company and the largest building materials supplier in Asia.
“

Oil prices are declining, soon the trading divisions of oil companies will focus solely on supporting oil futures and stop manipulating/suppressing renewable stocks.

UK, if you are still following HYSR, I'm curios of your opinion on this news out today.

SunHydrogen Announces Joint Development Agreement with Honda R&D Co., LTD
July 24, 2024
https://www.sunhydrogen.com/news-posts/honda

CORALVILLE, IA – July 24, 2024 – SunHydrogen, Inc. (OTCQB: HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and water, today announced that it has entered into a joint development agreement with Honda R&D Co., LTD.

SunHydrogen’s innovative solar hydrogen technology uses abundant and low-cost materials, requires no external power other than sunlight, and is designed with scalability in mind. Its core components include a substrate, photovoltaic layers, and catalysts that integrate to split water molecules into green hydrogen and oxygen.

Working in collaboration with SunHydrogen, Honda R&D Co. will use its industry-leading manufacturing and design capabilities to jointly develop an installation-ready hydrogen panel for safe and efficient hydrogen production and collection.

The principal objective of the joint development agreement between Honda and SunHydrogen is to synergize efforts toward the application of SunHydrogen’s innovative solar-hydrogen module technology for cost-effective green hydrogen.

Honda R&D Co. engages in the research and development of emerging technologies and products that can bring value to Honda as the company looks to reach carbon neutrality for all products and operations by 2050.

About SunHydrogen, Inc.
SunHydrogen is developing breakthrough technologies to make, store and use green hydrogen in a market that Goldman Sachs estimates to be worth $12 trillion by 2050. Our patented SunHydrogen Panel technology, currently in development, uses sunlight and any source of water to produce low-cost green hydrogen. Like solar panels that produce electricity, our SunHydrogen Panels will produce green hydrogen. Our vision is to become a major technology supplier in the new hydrogen economy. By developing, acquiring and partnering with other critical technologies, we intend to enable a future of emission-free hydrogen production for all industrial applications such as fertilizer and petroleum refining as well as fuel cell applications for mobility and data centers. To learn more about SunHydrogen, please visit our website at www.SunHydrogen.com.

probably sooner

B_B - Thank you for providing an explanation for why PLUG is at $2.50.

Imagine how LOW PLUG would be without these new small cap investors.

Investor Interest in Small-Cap Stocks Keeps on Surging
Russell 2000 Has Outpaced S&P 500 This Month
By DAVID MARINO-NACHISON July 23, 2024
…
"Now, the Russell’s longer-run underperformance versus the S&P 500 has started to reverse, and small investors are taking notice," DataTrek wrote. "Attention drives capital flows. When that focus and money goes into a single stock, it is fair to call it a 'meme' investment."
…
DataTrek believes small caps can continue to perform. "When that interest and capital flows to an entire segment of the market, we have trouble dismissing it outright as a fad," its note read. "No doubt U.S. small caps will be volatile over the next few months, but we still believe they can do well" over the balance of the third quarter.
…
https://www.investopedia.com/russell-2000-small-caps-stocks-performance-earnings-interest-rates-8682085

Small-Cap Rotation or Death Sentence for Hedge Funds? It’s Too Early to Tell.
12h ago • By Michael A. Gayed
.....
Historically, hedge funds short sell small-cap stocks and take long positions in large-cap stocks to play the spread between them.
...
short positions in small-cap stocks are facing a squeeze while long positions in large-cap stocks are falling. It’s a double whammy for investors, and it’s exactly what we’ve seen in the last few trading days.
Then, compounding the problem is the fact that these short and long positions are often leveraged.
...
The result here is a cascading effect that causes forced liquidations take place.
...
The key point here though is that the effect is not immediate. That deleveraging of hedge fund portfolios could come days later after the losses are already underway.
...
https://investorplace.com/2024/07/small-cap-rotation-or-death-sentence-for-hedge-funds-its-too-early-to-tell/?utm_source=barchart&utm_medium=allother

Disappointing earnings from the magnificent 7 could fuel the stock market rotation.

Magnificent Seven stocks reporting dates:

Tesla – July 23 EPS expected at $0.46
Alphabet/Google – July 23 EPS expected at $1.85

Microsoft – July 30 EPS expected at $2.90

Facebook/Meta Platforms – July 31 EPS expected at $4.68

Amazon – August 1 (Estimated date) EPS expected at $1.02

Apple – August 1 EPS expected at $1.33

Nvidia – August 22/28 (Estimated date) EPS expected at $0.59

2 Fridays left before Plug Power announces Q2 results.
Will the hydrogen tax credit 45V final rules be on time for Plug Power to recognize in its financial reports?

The IRS announcements are usually on Fridays.

All these new innovative electrolyzers are not yet in mass production and need to be tested for many many many many years.
Plug Power is constantly fine-tuning their PROVEN fuel cells and electrolyzers, improving efficiency.

Australian startup Hysata mimics trees to make cheaper green hydrogen
May 9, 2024
…
Hysata’s Barrett says that he expects the startup’s commercial-scale units will be deployed as soon as 2025. That’s a quick turnaround for a three-year-old startup. “As far as I know, none of the startups claiming breakthroughs in efficiency have yet scaled up their manufacturing,” said Martin Tengler, head of hydrogen at BloombergNEF.
…
https://www.businesstimes.com.sg/startups-tech/australian-startup-hysata-mimics-trees-make-cheaper-green-hydrogen