Plug Power Inc (PLUG) 銘柄情報

45V next, hopefully soon.

Repost from FCEL board, courtesy of Hoghead7.

U.S. Department of the Treasury Releases Final Rules to Expand Access to Clean Energy Tax Credits
November 19, 2024
Final rules will improve access to direct pay for co-owned clean energy projects, helping to expand the buildout of the clean energy economy.
https://home.treasury.gov/news/press-releases/jy2718

i think Trump will pull all that money back...i know some think he wont because so many companies are looking forward to filling their pockets full of that easy money...but i dont think trump gives a damn...he never has...and judging from his first stint as president, he struck me as doing whatever he wanted without caring too much about what special interest groups thought...

hes all about saving money and doing away with excess spending...and he doesnt seem to care much about climate issues or alternative energy...im sure hes fine with whoever wants to go for it on their dime...but i highly doubt hes going to throw billions at it...

I cant stomach what andy paul or sanjay say anymore!

Steve - Nothing meaningful until 2026. A lot can go wrong by then.

Well, assuming we are still in business, and these actually happen we should get some business since Andy said we had a piece of every Hub deal. Assuming, he was telling the truth.

DOE Announces Awards for up to $2.2 Billion for Two Regional Clean Hydrogen Hubs
DOE Office of Clean Energy Demonstrations sent this bulletin at 11/20/2024
https://content.govdelivery.com/accounts/USDOEOCED/bulletins/3c2f952

i wouldnt mind joining you but i am going on a alcohol/drug fueled binge starting today and plan to be incarcerated during that time period...

Hallo mira - I will be in Switzerland (visiting my money and making some new arrangements for 2025) from 25/11 until 4/12, on business and pleasure. Lugano (Como), Zurich, Basel, Bern, Zug und Colmar (AL).

Please let me know if you are free and in any of those regions / Cantons . I will be happy to buy you a beer.
Tschuss,

I sold on the potential delisting news. This basically says they have given up on their integrated hydrogen generator and focusing on services/consultancy.
I expect a number of the smaller fuel cell/hydrogen generator companies will fail or be bought out - classic Gorilla Game/ Crossing the Chasm situation. PLUG could have learned from those books as well as they moved from one bowling pin to 4 or 5 instead of one at a time…. Bloom is a far better example of following the rules of technology product marketing from the 1980/90s

Let Tax Loss Selling Begin !

- Q-3 was a disaster and Q-4 is half over and NOT Looking Good.

- The Mega-Symposium was another Nothing Burger

- No DOE Dough

- No 45v

- More Debt

- More Dilution

- No Profits

From $75 to $2.00 ... Time to sell your dogs, take advantage of your tax losses, and invest in a real company.

UK, are you still invest in Fusion Fuel Green (HTOO)? Any thoughts on recent news?

Fusion Fuel Green Agrees to Acquire Majority Stake in Quality Industrial Corp. Expanding into Gas and Engineering Services
Nov 19, 2024 9:27 AM EST
https://ir.fusion-fuel.eu/news-releases/news-release-details/fusion-fuel-green-agrees-acquire-majority-stake-quality

Acquisition of Profitable, Cash Flow-Generating Business Broadens Service Offerings Across Energy Value Chain

Repost from NKLA board.

Nikola leader talks future of hydrogen-powered trucks in US
Brinley Hineman
Tue, November 19, 2024
https://finance.yahoo.com/news/nikola-leader-talks-future-hydrogen-223919719.html

Nikola Corp. (NYSE: NKLA) leader Ryan Clayton said the rising demand for hydrogen could require as many as 50 fueling stations in the next three years to meet the need.

Speaking with FreightWaves CEO Craig Fuller at FreightWaves’ F3: Future of Freight Festival, Clayton discussed the future of hydrogen in trucking. Nikola, which is working to build solutions for a zero-emission world, offers both hydrogen and electric Class 8 trucks. The company also developed HYLA to distribute hydrogen.

“That’s going to take a tremendous push, not just from Nikola or HYLA,” the Nikola global head of sales said. “It’s going to take an ecosystem coming together, which we’re seeing.”

Nikola sees its trucks being used in government fleets, ports and drayage.

“I live in Georgia,” Clayton said. “When you’re looking at the Port of Savannah and you see all those trucks lined up and sitting, or to go to LA, you have to ask yourself, from the congestion standpoint … what can we do to make this better? And that’s where we see this really, and that’s where it has been really taking off.”

Fuller brought up the maintenance aspect of the growing field, pointing to the shortage of diesel mechanics. Clayton said Nikola offers software integration that makes the technology easy to use for drivers.

The company developed a program called “Train the Trainer” to teach and develop technicians capable of supporting zero-emission trucks. Nikola offers “360 connectivity” that allows drivers and fleet managers to access live truck monitoring to assess the vehicle’s performance.

“It’s a white-glove service,” Clayton said. “We also have a dedicated support team — a Geek Squad, so to speak.”

Manufacturing

Nikola trucks are manufactured in Coolidge, Arizona. The company’s fuel cell production is growing each quarter, Clayton said.

The plant was built to produce 30,000 trucks each year. Clayton said the company will gradually scale up the operation to reach that manufacturing goal.

He said the company was considering “all alternatives” for sourcing products ahead of possible tariffs under the incoming Trump administration.

The company has a team committed to finding North American source products. Sixty percent of the products used in the company’s trucks are built, manufactured and produced in North America, but the company wants to reach 80%, Clayton said.

He hinted at changes coming next year for the company, including “a lot of big names.”

“This isn’t the end,” he said. “This is just the beginning for us.”

Yes SMR but also some regular energy c9mpanies. AI software and quantum computing is all the rage.
Learned lessons from plug which I still hold (at a profit in my Ira. Now use tradingview to easily set stop loss or at least do objective review levels.  So out of pharmaceuticals.
I need to do detail review of the 10Q filing as it usually has a few pointers. Calculating the value of the JVs is hard, HYVIA - have they sold more than 10 vans? SK has done some good work and is worth $$. Others (Lyhfe, Acciona etc) done a couple of projects so starting to pay off but what value on the balance sheet?
Biggest concern is material handling where is Ford numbers, Walmart replacements, the new us customer mentioned in Q2 (had hoped it was Target). The value model hasn't changed and the genDrives profitable. Has it all stopped due to new pricing and PPA changes?

"is there any public Company listed on any stock exchange, you would deem as "investable"? I have never seen one positive statement you have made about any Company?"

i have been posting on fcel board since it ran up to $29...made a ton of money...but i have been saying that it was a stock to trade and not hold...you probably havent seen me say much good about it because i never saw anything good about it...even the run to $29 was nothing but puff and fluff...and now that it has dropped to 26 cents (pre r/s), i think fcel itself has proved me right...

nkla is also just to trade and not hold...not accounting for the r/s in June, its now a 6 penny stock...they build trucks and sell them for half what they cost to make...and then they all get recalled...TWICE!...

i would say something positive about these stocks if could find anything...but theres nothing...imo...

plug is hanging on by a thread hoping for an influx of cash from a $1.6 bil loan that may or may not help....and may never come...

im not the kind of investor that buys and then just hopes the stock rises....i need to see a REAL reason to buy...i cant look at nkla and say, gee if they can eventually learn how to make trucks without getting them all recalled or are able to eventually sell them for an actual profit or maybe they will be able to make enough money in the future so the pps doesnt keep dropping lower and lower until they need to r/s again...i cant look at all that and say, "yup, looks like a buy to me...im all in"...

as for what i do invest in, when its comes to the energy sector, i invest in SMR...i believe i spoke to uksausage about that and i seem to remember he said he bought some...he should have done pretty well with it so far...

im not an energy expert or anything...i actually just stumbled onto fcel prior to its run to $29...i bought a lot at 4 bucks and sold it in the mid $20's...with all the hype that was going on with alternative energy at the time, it was a no brainer...just like pharma at the beginning of covid and nvda and other chip makers with the breakout of AI...

i have other investments but they arent relevant to this board...

Mojo: Nikola may prove to be a good investment, but they kind of lost me when Trevor Milton coasted that "Big Rig" down an incline, without a powertrain. As far as "all" of your general statements, is there any public Company listed on any stock exchange, you would deem as "investable"? I have never seen one positive statement you have made about any Company? Now at least Jack will tell you right out what he likes and doesn't like. Is there anything you invest in?

WeTheMarket: As for the financial viability of AGA, the long list of well known stakeholders in the construction process prompts me to give it some credence. Any number of these participants could have shut Alfred down by now and said, "hey, where's your money"? As for the signed contract, Plug Power is not always forthright with a signed contract; nor do they let us know if someone backs out. Now we single out Plug Power for withholding information, but lots of well know companies do this. I want detail and lots of it.

WTM - "binding framework agreement" means NOTHING. WORD SALAD!

Only a binding Contract will stand up in a court of law, but I suspect these words fooled investors.

And if AGA has NO MONEY how can they be financially liable ?

Sue them and you get nothing. They don't even have employees. Just a virtual office and a telephone.

UK, JB what exactly does "binding framework agreement" mean? Is AGA financially liable if they withdraw from the deal?

In October 2024, Allied Green Ammonia signed and executed a binding framework agreement with Plug Power Inc. (NASDAQ: PLUG) to develop 3 GW of electrolyser capacity: https://www.ir.plugpower.com/press-releases/news-details/2024/Plug-and-Allied-Green-Execute-Binding-Framework-Agreement-for-3-GW-Electrolyzer-Capacity/default.aspx

LOL - From another board :

Sanjay is the reason we are in this mess. Having sold the strategy of getting into hydrogen production for them selves he then proceeded to cancel the first plant (Muddy Run PA) because it wouldn't be able to be expanded! That was an ideal site, no permitting needed, electricity on site along with more water. than the USA needs. Hd they built it we would be on track as it would have financed Georgia and Texas. Sanjays greed and exuberance led to a big flaw in the cash flow model so they ran out.

Banger - Excellent find.

Thanks UK for your DD and knowlege in relaying these facts....too bad you and JB arent running plug power!!

Here is independent DD on the status of Allied Green Ammonia (courtesy of CP on facebook)

https://research.csiro.au/hyresource/allied-green-ammonia/?fbclid=IwY2xjawGpYxVleHRuA2FlbQIxMQABHVVkv_90ftaOteLUML6qT153yYJj452a5Xkcu89Qxw5gDwTSGz2mLLZNRg_aem_A_Y3-MThdB4iSiEOPrHRcw

Everything in place now just waiting for the financial commitment so the MOUs can be turned into contracts. Lot's of partners in this project and with smaller overheads hopeful the financing is about to be signed.

The $1.66Bn is quite significant for PLUG it is what it means to them.
a) they can get $80m (?) back from the build of Texas so far (All the prep work, building water line etc) - cash needed for 2025 business plan
b) they can then build Texas so in 18 months they then have no need to purchase any hydrogen at the ridiculously high price Linda/Air products charge - actually with LA on line they are probably at 80% of the demand
c) they can sell excess to the customers they have lined up - NKLA has call off agreement along with the huge Amazon deal but may be others as well
d) they can look at the demand which we know has dropped and slipped to later this decade than planned and decide when and where to build next. NY Stamp may not be the right one to do next. somewhere closer to the mid West IMHO

Georgia and LA will give then a very good calculation on the true cost of the hydrogen they are making which will help them commit prices to other projects/hubs advancing FID on them

Remember the strategy is to turn Plug into an energy producing company (At least in the USA) not just equipment supplier. They need a string of plants to be being brought online 2026-2030 to do that and the $!.6Bn loan gives them the re-start they need.

They are already seeing the worldwide acceptance of their technology thanks to building Georgia and now LA. With Texas they will be proving their own liquefier as well helping to secure more business around the world.

Totally understand and yes, good luck as well!

Rich - Good Luck. I won't be going long on Plug until I see some real progress and a clear "BUY " Signal.

So far covering shorts on every dip has been working for me.

I hope you and the other longs end up Green at some point, good luck again.

Hi Jack,
Thanks for replying.
Not sure what kind of puts you have but personally I don't think PLUG will go that low... to 60 cents. We have institutions loading up. Norge increased position and the DOE will happen sooner or later.
Personally, I think by the end of December.
Anyway, $1.66B it's not that big chunk of money but it would be enough to move the price above 5 bucks.
as of last week, I'm the new owner of PLUG. Total 80K shares at $1.91.
Good luck to all of us!!!

"JB, NKLA doesn't seem to be able to catch a break."

maybe they should lay off more employees and see if that helps..lol

they couldnt afford the employees they had so they laid off a bunch...now the quality of their product is being affected...which means they might not sell as many trucks as they think...which means more layoffs...and more quality problems...doesnt seem like anyone will loan them money...but they can always sell shares which will drop the pps....and thats what nkla seems to be doing....diluting...

without the June r/s, nkla would now be a 6 penny stock...

"Nikola exec says battery versus hydrogen not an either/or"

well since nkla makes both bev and fcev, it comes as no surprise that an nkla exec would say such a thing...the problem is, even if there was clearly one far better than the other, he would never admit it...he aint paid to tell the truth...no exec is...

WTM / Studer - What good is a signed deal is there is no $$$ and No FID ?

Their website doesn't instill any comfort the way Fortescue did.

AGA looks like a couple of fellows with a virtual office and a telephone

JB, NKLA doesn't seem to be able to catch a break.

Instrument panel issues prompt recall for Nikola battery-electric trucks
Julian Buckley, Editor, Power Progress International / KHL Content Studio
18 November 2024
https://www.powerprogress.com/news/screen-issues-prompt-recall-for-nikola-battery-electric-trucks/8040282.article

Truck OEM Nikola has issued a recall for its battery-electric Tre trucks related to defective instrument panels which could fail.

The screen failure is considered a safety hazard, as drivers would not be able to see essential information such as speed and available range.

The recall covering 72 examples of the battery-electric trucks from the 2022 and ’23 model year was called by the National Highway Traffic Safety Administration.

Instrument panels will be replaced at no charge to the customer.

Nikola started series production of its battery-electric trucks before it introduced its hydrogen fuel cell models. They are now only avaialble to customer order.

Model recalls for defective screens follows a recall in August 2023 for all (209 units) of the brand’s battery-electric trucks due to a fire risk. The issue was traced back to a coolant leak in the battery packs.

The vehicles are being returned to customers fitted with packs billed as ‘BEV 2.0’.

On a more positive note.

Nikola exec says battery versus hydrogen not an either/or
Michael Baudendistel
Wed, November 13, 2024
https://finance.yahoo.com/news/nikola-exec-says-battery-versus-203535899.html

Studer, agree, was one of the highlights from the Symposium for me as well. He mentioned that the two key factors for choosing Plug Power out of a total of 5 companies they considered were 1) Unmatched purity for the hydrogen produced, and 2) Cost. I was glad to hear about the superior quality of the hydrogen produced, but I'm concerned about the cost comment, as Plug Power has been loosing money for years to the benefit of their customers. I'm hoping that they end up making a mutually beneficial deal for both companies with respect to cost. He also said that he was expecting to sign the deal as soon as the same day, and we haven't heard anything since. In a prior post on this board, JB expressed concerns about the financial situation of Allied Green Ammonia, and doubted that they have the funds for this size deal. Do you have any info on this? Are you confident a deal will be signed soon? How soon?

WeTheMarket, "Alfred" from Australia, was our favorite presentation. That guy was straight up, what Plug Power customers are all about; they check out the full landscape and come back to do business with PLUG. Andy has some kind of endearment with customers, 1:00 a.m. in the morning, talking business in Alfred's mother's garage. What kind of customer sales pitch is that? Also, just wanted to thank you again for all of your posting; I read them all and appreciate each one. Stay the course.

WTM ]- Did Someone Mention NIKOLA ?

Another Hydrogen Stock and PLUG Partner at NEW ALL TIME LOWS !

BE - UP $2.00 ; PLUG - $1.94

BE's one day gain is worth more than PLUG !

I was surprised that there was not one mention of our working with anyone on the hydrogen hubs. Andy had said we were working with each one and yet now they are approved, and we hear nothing. What gives Andy?

Here is an Interesting Read (NOTE : No mention of PLUG):

https://www.barrons.com/articles/ai-electricity-bloom-energy-d6df6af4?siteid=yhoof2

Hydrogen is not ready for prime time.

Sure, they can. I said that when we were at $75 and look what happened. Anything can happen and everyone is replaceable. So, you don't think banks make mistakes? Did you forget the banking crisis?

Rich - The Bloom Energy / AEP deal illustrates that Hydrogen isn't ready for Prime Time for Data Centers, for at least 10 Years.

Alternatives like Domestic Natural Gas, are Inexpensive, and easy to source and access with million of miles of pipelines.

Hydrogen is expensive versus most alternatives, has limited production, and in the case of Data Centers, require expensive, onsite storage .


Hydrogen will be a tough sell as the recent Bloom deal shows, especially for stationary power and Data Centers.

Rich - I still have some options on PLUG, just in case the DOE Dough doesn't happen. This event could knock Plug below $1.00.

But I would not add a new short position on Plug at these levels, because the risk / reward ratios don't favor a short play, unless you took the position months ago like I did. But I certainly won't being going long on PLUG anytime soon either.

There a few possible positive catalysts in the works , like the DOE Dough, but there are some very serious / possible Negative Catalysts as well.

1. The DOE Dough No Show
2. Tax loss Selling
3. Q-4 Earnings MISS
4. The Trump Administration

It is going to be an interesting 3-4 months with Plug going as low as $0.60 and as high as $6.00. Goog luck.

Jack,

Are you still shorting the stock?

WTM - Me ??? Wishful ????

I am not the one who is LONG a $1.00 Stock; And I am not the one posting / grabbing at straws/headlines and trying/hoping/wishing that anything good rubs off on PLUG.

I am also in the Green with my investment in PLUG and all of those gains are in the Bank.
Is there any LONG in PLUG who can say the same ?

If we don't see the DOE DOUGGH soon, Tax Loss Selling will be brutal. Dump your Dogs.

JB, wishful thinking on your part, in my opinion.

WTM - Yet another meaningless MOU that produces ZERO Revenue.

Yet Another MULAG.

JB, I disagree, Nikola is a Plug Power partner.

As a reminder.

Plug and Nikola Announce Collaboration to Push Hydrogen Economy Forward
December 15, 2022
https://www.ir.plugpower.com/press-releases/news-details/2022/Plug-and-Nikola-Announce-Collaboration-toPush-Hydrogen-Economy-Forward/default.aspx

Companies enter into a Green Hydrogen Supply Agreement. Plug will be supplying green hydrogen to Nikola starting in 2023, and ramping up to a 125 TPD take-or-pay commitment as Plug’s green hydrogen network continues to come online.

- Nikola to purchase a 30 TPD liquefaction system from Plug for its Arizona Hydrogen Hub

- Plug to purchase up to 75 Nikola Tre FCEVs over the next three years

- Emphasizes Plug’s commitment to sustainability by driving down greenhouse gas emissions within the hydrogen ecosystem

Plug and Nikola have executed a Green Hydrogen Supply Agreement. Plug will be supplying green hydrogen to Nikola starting January 1, 2023, with volumes ramping up to 125 tons per day (TPD) as Plug’s green hydrogen production network continues to come online. The agreement anticipates 125 TPD volume by the end of 2026, with 80% under a take-or-pay contract.

Nikola has awarded Plug the contract to provide one 30 TPD hydrogen liquefaction system for Nikola's recently announced Arizona hydrogen hub. The Plug designed, engineered and manufactured liquefaction system is for the first phase of Nikola's Arizona hydrogen hub, with a potential to scale up to 150 TPD. Nikola plans to provide access of up to 300 TPD of hydrogen supply and up to 60 hydrogen dispensing stations by 2026.

WTM - No Mention of PLUG ?

Can you please post your grandmother's recipe for Pumpkin pie ?

Just as relevant, but at least the recipe is useful information.

WTM - "Confidence "

Whenever Andy's name is mentioned, I think .... Confidence ! As in Andy is a Confidence Man.

Repost from NKLA board.

Recent Linkedin post.
https://www.linkedin.com/posts/alexiabednarz_clean-ports-program-selections-us-epa-activity-7259667065492373507-SPls?utm_source=share&utm_medium=member_android

Plug Power CEO confident in new hydrogen plants despite Q3 miss
Fri, November 15, 2024
https://finance.yahoo.com/video/plug-power-ceo-confident-hydrogen-224220289.html

Despite missing third-quarter earnings, Plug Power (PLUG) CEO Andy Marsh is confident in securing a loan from the Department of Energy to help fund the construction of major hydrogen plants in Georgia and Texas.

Marsh joins Market Domination Overtime Co-hosts Julie Hyman and Josh Lipton to discuss the company’s current challenges and his optimism for the company’s strong international presence.

“We have built the largest hydrogen plant for green technology in the world outside China,” Marsh said.

“We’re uniquely positioned in the market because we have not only the ability to generate hydrogen and sell the devices that generate hydrogen, but we're also the primary user of our own hydrogen.”

Repost from Hyrogen Hub board, courtesy of delerious1.

"Hydrogen is pivotal in achieving the global goal of net-zero emissions by 2050. Despite its potential, significant strides are required to harness hydrogen effectively to combat the urgent climate crisis and facilitate the transition to clean energy."

https://events.climateaction.org/transition-summits/hydrogen/about/

WTM - A Key Take - Away :

" Burgum’s affinity for fossil fuels and lack of conservation experience has enraged environmentalists. "