Plug Power Inc (PLUG) Options

Plug Power Inc. develops hydrogen and fuel cell product solutions in North America, Europe, Asia, and internationally. The company offers GenDrive, a hydrogen-fueled proton exchange membrane (PEM) fuel cell system that provides power to material handling electric vehicles; GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing Internet of Things-based maintenance and on-site service program for GenDrive fuel cell systems, GenSure fuel cell systems, GenFuel hydrogen storage and dispensing products, and ProGen fuel cell engines; and GenKey, an integrated turn-key solution for transitioning to fuel cell power. It also provides electrolyzers, a hydrogen generator for clean hydrogen production; liquefaction systems that provides liquid hydrogen to customers; cryogenic equipment for the distribution of liquified hydrogen, oxygen, argon, nitrogen and other cryogenic gases, including trailers and mobile storage equipment; and liquid hydrogen, an alternative fuel to fossil-based energy. The company sells its products through a direct product sales force, original equipment manufacturers, and dealer networks. Plug Power Inc. was incorporated in 1997 and is headquartered in Latham, New York. $PLUG

Here is an Interesting Read on Green Hydrogen :



https://oilprice.com/Alternative-Energy/Hydroelectric/What-Happened-to-the-Green-Hydrogen-Boom.amp.html

I don't think incumbent energy players are behind the increase in short interest.

PLUG's incompetence makes shorting Plug a safe bet.

And every spike in short interest has preceeded / predicted a drop in the share price.

A weak Fourth Quarter / 2024 Earnings Report may be the Negative Catalyst behind the sharp increase in the record Short Interest in Plug.

Unfortunately, Andy Marsh is still the CEO.

Banger - The Plug Spot Price is just another MULAG, Gausin, FFI, Data Center ... HYPE.

When people used to believe the Hype plug went to $75.

Now Plug is worth One Buck and Change.

perhaps they only publish it when they have hydrogen to supply…

not sure how the spot price market works.

have you asked your contacts?

PLUG has a new Spot Price for Hydrogen !

There was lots of Hype on this exciting news.

What is the Plug Spot Price for Hydrogen ?

Next week could be very interesting.

Beaten unfairly and undervalue.

LMFAO 😂 .

Johnny - There is NO BOTTOM !

"I think bottom is in."

because?...

Got back in this morning after the last run. I think bottom is in.

Another State of Hydrogen Study :

It's funny that it seems like the Laws of Physics never seem to go out of Date :

https://www.linkedin.com/pulse/distilled-thoughts-hydrogen-paul-martin/

My firm recently did a "State of the Industry" Client Study on Hydrogen, Here are some of our findings :

- Legacy Hydrogen ; Grey Hydrogen for the petrochemical sector, is the only commercially viable use of hydrogen at scale

- No on-road use of hydrogen has been financially sustainable (cars, trucks, busses, stations)

- No off-road use of hydrogen has been financially sustainable (marine, GSE's, aircraft )

- Hydrogen for Power Generation (Primary, Secondary, Back-Up) is not financially sustainable

- All Four Legacy hydrogen producers have scaled back or cancelled major capital projects involving hydrogen

- Of the 100+ Major Capital Projects involving hydrogen that have been announced to the public, LESS than 10 will be built , with no guarantee of success.

- There are hundreds of new concepts and technologies involving Hydrogen, but NONE are commercially viable at this time

- There are hundreds of new concepts and technologies involving hydrogen which work, but NONE are economic or commercially sustainable

2022 article, really??

Hydrogen Fuel Gives Rise to an $11 Trillion Revolution
https://www.nasdaq.com/articles/hydrogen-fuel-gives-rise-to-an-$11-trillion-revolution $PLUG

WTM - MORE BAD NEWS !

A quick reminder: In a few minutes at 16:00 pm CET, the webinar "Hydrogen in Natural Gas Pipelines" with Paul Martin, Spitfire Research Inc., will start.

Join now for free: https://events.ringcentral.com/events/hydrogen-in-natural-gas-pipelines

NEW PLUG LOWS !

Really Bad News !

https://cleantechnica.com/2025/02/10/airbus-drops-hydrogen-as-aviation-industry-admits-it-wont-fly/amp/

Hydrogen Technology works .... Hydrogen ECONOMICS DON'T !

it may not have closed below $1 but it did trade in December 2018.

Checking the trade records though it does look like my first in last out purchases were in 2016 and 2017 mostly and made 50-70% profit when sold at $2.04

Watching patiently to see what they say about the loan money coming in and a start for Texas. The large scale electrolyser business world wide along with hydrogen generation in 2026 could save them.

Banger - PLUG never traded below $1.00 in 2018.

I bought in 2018 for under a buck
Sold the last in last couple of weeks for a profit!
Stupidly didn't sell and pay off my house in 2021 when over $50 but did get a nice car.
Have learned a lot about greed and unwillingness to pay tax!
Have to admit I should have paid more attention to Jack.
Not making same mistakes this time around in AI and quantum

IGTM - On February 9, 2017 PLUG traded at $0.83 with no split adjustments.

We might see PLUG reach that low again this year, if the Quarterly Earnings are disappointing and / or the DOE Dough is reversed.

Here is an Interesting Read :

https://www.forbes.com/sites/jamesmorris/2025/02/08/hydrogen-has-failed-in-cars-and-it-wont-be-powering-trucks-either/

i personally am not the least bit interested in catching any lows with plug...it has been dropping for years and has more room to drop...

rather than catching any bottom, i will wait to see a reason to buy...if one should ever occur...

during the years long downtrend of plug stock, i imagine many have tried to catch the bottom, for reasons i wouldnt understand...

but i have profitably daytraded it from time to time...

from what i can find, you have to go back to 2013 to find plug under a buck...and it actually hit 15 cents in April of that year...but thats so far back i dont really count that...however lets just say plug was a nickel away from a 7 yr low?...

CORRECTION : Plug's All Time Low was $0.83 / share.

No one catches the bottom or the all time low.

it was only a nickel away from atl today...and theres certainly more room to go lower...

Bottom fishing here ….. will it brake ATL ?

WTM - Airbus DROPS Hydrogen !

Nothing to do with PLUG.

But but but, the whole point of putting together the SEPA with the hedge fund was to not use it!…

Smh

Here is an Interesting Read :

Nothing to do with PLUG.

https://www.hydrogeninsight.com/transport/high-costs-are-not-the-only-challenges-facing-hydrogen-fuel-cell-vehicles-the-technology-itself-has-issues-study/2-1-1774143

I STAND CORRECTED :

Banger - Your quote has been bested by Roberto :

" This facility, along with the existing ATM with B. Riley Securities, gives Plug additional optionality to ensure ready access to capital as needed, reinforcing its ability to drive long-term growth while maintaining a disciplined approach to liquidity management."

This has to be the DUMBEST Spin in history.

" Not as toxic as it could have been !"

Banger - This wins the the Dumbest Spin Award !

How about cutting compensation to Andy and clawing back the gain of his stock sale. You just cannot trust anything these guys say. They sugarcoat everything and you never know how bad things are.

This from Stocktwits (I guess Roberto posted to facebook), so an audit contingency fund...

$PLUG notes from Roberto /IR
:
This facility, along with the existing ATM with B. Riley Securities, gives Plug additional optionality to ensure ready access to capital as needed, reinforcing its ability to drive long-term growth while maintaining a disciplined approach to liquidity management.
The intend is to NOT use this facility with Yorkville, but was put in place solely for liquidity planning analysis for our auditors.
With recent market news with the broker executing our ATM, Plug now as additional optionality to ensure ready access to capital as needed, reinforcing Plug’s ability to drive long-term growth while maintaining a disciplined approach to liquidity management.
Cash burn continue to improve, with Q4 of 2024 likely the best quarter in 2024 regarding cash burn; Plug also has more programs we are deploying to continue improving and lowering cash burn.

Q4 number better be a shock in a nice way

Who Said .... Just this past Friday .... !

"History also shows that when PLUG is pumping and putting out Vapid PR (Spot Price ?) , then a Secondary (or Toxic Finance) is coming.

This is the only time Plug is involuntarily transparent."

Did they just sell more stock?

Not as toxic as it could have been
Access to $1Bn. should allow them to start up Texas while the whole federal grant guarantee and funding gets sorted out
5% discount is pretty rare to see these days. (plus the $1m signing bonus)
On February 10, 2025, Plug Power Inc. (the “Company”) entered into that certain Standby Equity Purchase Agreement (the “Purchase Agreement”) with YA II PN, LTD, an investment fund managed by Yorkville Advisors Global, LP. (the “Investor”), pursuant to which the Company has the right to sell to the Investor up to $1 billion in the aggregate gross sales price (the “Commitment Amount”) of its common stock, par value $0.01 per share (the “Common Stock”), subject to certain limitations and conditions set forth in the Purchase Agreement. The Company is under no obligation to sell any of its Common Stock to the Investor under the Purchase Agreement. Upon the satisfaction of the conditions to the Investor’s purchase obligation set forth in the Purchase Agreement, including having an effective registration statement and a prospectus supplement registering the resale of the Common Stock issuable under the Purchase Agreement on file with the Securities and Exchange Commission, the Company will have the right, but not the obligation, from time to time at its discretion (until the Purchase Agreement is terminated) to direct the Investor to purchase a specified number of shares of Common Stock (in each case, an “Advance”), up to $10.0 million per day, by delivering written notice to the Investor. The Common Stock purchased pursuant to an Advance delivered by the Company will be purchased at a price equal to 95% of the daily volume weighted average price of the Common Stock.

Same old Andy. It is always down the road just within reach, I have heard the same positive tripe from him year after year and nothing much ever changes with regard to profits and break even. You can be positive and right, but if your timing is 20 years off then your shareholders go broke.

WHO SAID ... TOXIC FINANCE !

Here is an Interesting Read :

This may explain today's CRASH !

https://finance.yahoo.com/news/3-beaten-down-stocks-arent-165700765.html

WTM - Nothing to do with PLUG.

JM and Bosch agree long-term collaboration on development of zero-emission H2 technology
06 Feb 2025
https://h2-tech.com/news/2025/02-2025/jm-and-bosch-agree-long-term-collaboration-on-development-of-zero-emission-h-sub-2-sub-technology/

Banger - There are some heavily subsiduized examples of hydrogen viability , specifically South Korea.

But, without subsidies, only grey hydrogen for hydrotreating appears to be successful.

My firm recently did a "State of the Industry" Client Study on Hydrogen, Here are some of our findings :

- Legacy Hydrogen ; Grey Hydrogen for the petrochemical sector, is the only commercially viable use of hydrogen at scale

- No on-road use of hydrogen has been financially sustainable (cars, trucks, busses, stations)

- No off-road use of hydrogen has been financially sustainable (marine, aircraft )

- Hydrogen for Power Generation (Primary, Secondary, Back-Up) is not financially sustainable

- All Four Legacy hydrogen producers have scaled back or cancelled major capital projects involving hydrogen

- Of the 100+ Major Capital Projects involving hydrogen that have been announced to the public, LESS than 10 will be built , with no guarantee of success.

- There are hundreds of new concepts and technologies involving Hydrogen, but NONE are commercially viable at this time

- There are hundreds of new concepts and technologies involving hydrogen which work, but NONE are economic or commercially sustainable

Jack

was this applying to the USA/Northern America market?

How does it differ for Europe, Asia and Australasia?

I tend to agree with you for USA/North America, but the follow on is - what "catalysts/milestones" would be needed to change any one of those points?

Im surprised you sold a few weeks before earnings. 

could you find it? Have you asked S&P about it?
I agree they should be promoting. it on. their web site.

Would you expect it to be higher than grey hydrogen spot price?