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Plug Power Inc

Plug Power Inc (PLUG)

1.92
0.03
(1.59%)
Closed November 24 4:00PM
1.91
-0.01
(-0.52%)
After Hours: 7:59PM

Your Hub for Real-Time streaming quotes, Ideas and Live Discussions

Key stats and details

Current Price
1.91
Bid
1.91
Ask
1.94
Volume
45,380,400
1.88 Day's Range 1.98
1.60 52 Week Range 5.14
Market Cap
Previous Close
1.89
Open
1.90
Last Trade Time
Financial Volume
$ 87,617,595
VWAP
1.9307
Average Volume (3m)
46,974,206
Shares Outstanding
911,196,936
Dividend Yield
-
PE Ratio
-1.28
Earnings Per Share (EPS)
-1.5
Revenue
891.34M
Net Profit
-1.37B

About Plug Power Inc

Plug Power is building an end-to-end green hydrogen ecosystem - from production, storage and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and thr... Plug Power is building an end-to-end green hydrogen ecosystem - from production, storage and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple end markets-including material handling, e-mobility, power generation, and industrial applications. Show more

Sector
Electrical Indl Apparatus
Industry
Electrical Indl Apparatus
Headquarters
Wilmington, Delaware, USA
Founded
-
Plug Power Inc is listed in the Electrical Indl Apparatus sector of the NASDAQ with ticker PLUG. The last closing price for Plug Power was $1.89. Over the last year, Plug Power shares have traded in a share price range of $ 1.60 to $ 5.14.

Plug Power currently has 911,196,936 shares outstanding. The market capitalization of Plug Power is $1.72 billion. Plug Power has a price to earnings ratio (PE ratio) of -1.28.

Plug Power (PLUG) Options Flow Summary

Overall Flow

Bearish

Net Premium

-26k

Calls / Puts

100.00%

Buys / Sells

100.00%

OTM / ITM

100.00%

Sweeps Ratio

0.00%

PLUG Latest News

Plug Power Hosts 2024 Plug Symposium

With the theme “Plug Doing Real Things,” the event highlights how Plug is laying the groundwork for the next five years Plug targets ~30% CAGR for Energy and Applications businesses from 2025 to...

Plug Power Announces Key Strategic Milestones and Continued Margin Improvement in Third Quarter 2024

SLINGERLANDS, N.Y., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, today announced further...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.09-4.522.051.82564297191.91631999CS
4-0.23-10.74766355142.142.621.79629599342.07289668CS
12-0.05-2.551020408161.962.621.6469742062.06008422CS
26-1.18-38.18770226543.093.551.6406509792.30192813CS
52-1.7-47.09141274243.615.141.6402578762.9403426CS
156-43.45-95.789241622645.3646.51.6278194569.74621323CS
260-1.54-44.63768115943.4575.491.62712983416.16676623CS

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PLUG Discussion

View Posts
Studer Studer 17 hours ago
WeTheMarket: "Each compressor weighs 91 tons" Great video !!! None of us are understanding the scope of the Plug Power business model. I know, I know, they are not making money yet and a host of other negatives. Look at the investment Burckhardt has made to support Plug Power; incredible. Thank you WTM !!!
👍️ 2 💯 1
WeTheMarket WeTheMarket 18 hours ago
Plug Power and Burckhardt Compression complete H2 liquefaction
21 Nov 2024
https://h2-tech.com/news/2024/11-2024/plug-power-and-burckhardt-compression-complete-h-sub-2-sub-liquefaction/

Making green H2 a readily available fuel relies on rapidly building production facilities. Companies like Plug Power are leading the way, creating an end-to-end green H2 ecosystem. In this environment, effectively delivering sufficient H2 relies on large reciprocating compressors, which is why Plug Power has partnered with Burckhardt Compression, a leading supplier of compression solutions for sustainable applications, to provide specialized equipment for new projects.

Green H2 is produced from water by splitting the H2 and oxygen molecules using electrolysis. This process is powered by renewable energy sources such as solar, wind or hydro, and when the resulting gas is utilized in a fuel cell system, the only emission is water. Consequently, green H2 promises to decarbonize industry, vehicles, and the way we produce fuel. There is a catch though - H2 is an incredibly light gas which makes it challenging to deliver it in required quantities to the consumer. Therefore, it must be compressed, or like in this case, even liquefied before transport to filling stations.

Oliver Franz, Sales Manager H2 for Mobility & Energy at Burckhardt Compression, said, “To move large quantities of H2 efficiently, ring type compressors are a better choice than centrifugal. Our designs offer industry leading efficiency, which is an advantage especially in a renewable energy project where maximizing production output versus power consumed is crucial.”

Considering this, Plug Power approached Burckhardt Compression to deliver a large quantity of H2 piston compressors in a phased order to support the construction of multiple new H2 liquefaction facilities. The first phase of compressors required the Burckhardt Compression team in the U.S. to quickly grow its capacity.

“We have operated a facility in Waller, Texas, for eight years now, and assembling the piston compressors required for the project on-site meant we had to expand. Each compressor weighs more than 200,000 pounds (91 tons), which exceeded the capacity of our cranage. Beyond equipment upgrades, we also needed to bolster our team,” said Michael Ciambella, Compressor Engineering and Manufacturing Manager.

Increasing capacity and expertise. The expectations from Plug Power were high and Burckhardt Compression planned to exceed them. Ramping up assembly was dependent on the ability to move around a fully built compressor to enable assemblies to be executed in parallel. Burckhardt Compression invested in a hydraulic gantry crane system with a 1-million-pound (450 ton) lifting capacity, which would allow the safe, slow movement of the compressors across the workshop. The company worked with experts to install and supervise all lifts during the project.

The investments paid dividends, as Michael confirmed, “We were able to grow our assembly capacity at Waller by 50%, which allowed us to effectively meet the first phase of compressors and any afterwards. The assembly turnaround time for each compressor was reduced from six weeks down to four, and sometimes we delivered even faster than that! We managed to complete the first phase three days ahead of schedule with zero safety incidents."

Eleven new personnel joined the team too, including a consultant and a project lead with 20-yr experience in compressor projects. As a global company, the U.S. team also received training from a Burckhardt Compression expert from Switzerland, who joined the company for six weeks to ensure transfer of know-how for the assembly work. Components for the compressors would be manufactured in Switzerland and delivered to the team in the U.S.

Specifically designed for H2. Burckhardt Compression was able to design a dry running piston compressor with a highly variable turndown arrangement to exactly meet customer needs. This will allow operators to match the compressor’s performance to the process requirements without any wasted energy.

Michael continued, “This is a dry design to ensure that no lubrication oil can contaminate the H2 and reduce fuel quality. With large diameter pistons for the first stage, there is a lot of heat from frictional forces, so the rider band must be able to withstand this and provide a long service life. We use proprietary polymer materials we have developed in-house. This enables over a year of operation before maintenance is required, which is unsurpassed in terms of uptime.”

The minimal weight pistons were designed with energy saving in mind, while still ensuring enough strength to compress the H2. Compressor chambers are fitted with a fixed pocket, which can expand to increase internal space. Specially developed pressure packing further contributes to an extended service life. Ultimately, the design philosophy is to find the sweet spot in terms of gas temperature and required production output for the customer.

A monitoring solution from Burckhardt Compression’s digital experts PROGNOST Systems is also included. A suite of sensors constantly delivers data regarding the performance of suction and discharge valves, bearing temperatures and rod drop. Consequently, operators can monitor equipment condition and predict any preventative maintenance measures steps needed, improving uptime.

Great expertise for a new market. As of Q1 2024, Burckhardt Compression has successfully delivered the first order and has more projects underway. Following the expansion of its team and facilities, this partnership has let Burckhardt Compression lead the way in H2 production.

A significant factor in the success of this partnership has been the readiness of Burckhardt Compression's service and its flexibility to operate both within and outside the country, thanks to the extensive setup in the U.S. This ability instilled confidence in Plug Power to opt for the ‘new’ technical solution. Burckhardt Compression's ability to provide reliable and efficient services, coupled with the commitment to customer satisfaction, has played a crucial role in the successful implementation of these projects.

Michael added, “We have 175 years of knowledge in compressors and over 50 years’ experience in H2, so we can bring great expertise to a relatively young market. Our products support the entire H2 value chain, from production operations all the way to the forecourt. Burckhardt Compression even supports third-party compressors with modernization solutions, tailored services and high-speed replicated parts. We are certain that the quality of our work speaks for itself, and that we can continue to support landmark renewable projects such as this.”

"Although the energy transition brings forth exciting opportunities, the challenges that it presents can be daunting to our customers. With a customer intimacy culture within Burckhardt Compression (U.S.), Inc., we are committed to delivering the best business solutions for our partners such as Plug Power. Our successful completion of the first phase of units is an excellent testimony to Burckhardt Compression's customer collaboration, product leadership, technical expertise and project capacity. We are super excited about our proven products and services supporting a sustainable energy future," concluded Annie Savarimuthu, VP Systems Division, Burckhardt Compression (U.S.) Inc.

Burckhardt Compression has released an exclusive timelapse video of the compressor lifting process at its facility, which can be viewed here:
👍️0
WeTheMarket WeTheMarket 18 hours ago
Steve, a drone video was posted yesterday by Plug Power partner HevenDrones (below is PR on partnership).

Plug Power Enters Alliance with HevenDrones to Commercialize Hydrogen Drones
October 19, 2021
https://finance.yahoo.com/news/plugpower-enters-alliance-hevendrones-commercialise-162236960.html

Hydrogen Horizons: HevenDrones Take Flight - Weapon Of The Week

Weapons and Warfare
2.55K subscribers
Premiered Nov 22, 2024

HevenDrones has made headlines with the unveiling of their new hydrogen-powered drone, the H2D250, which promises to revolutionize aerial transport while significantly reducing carbon emissions. This cutting-edge drone features an innovative hydrogen fuel cell system, allowing it to fly longer distances and carry heavier payloads compared to traditional battery-operated models. As environmental concerns mount, this launch positions HevenDrones as a leader in sustainable technology. However, experts are urging caution, emphasizing the need for robust safety measures and infrastructure to support hydrogen fuel usage.

👍 1
bwrbad bwrbad 1 day ago
plug power or power plug
👍️0
scubastevemd scubastevemd 2 days ago
And so, Plug's answer is to make Sanjay President? Seems about par for the course. I feel at this point with that 200 million deal at $2,90 that as soon as either we get the DOE loan or 45V passed they sell out and we are capped. Funny, how we had the funds for 4 plants and then it is all gone and 1 completed so far beyond Tn. which we bought. We wasted so much money on the huge giga factory we just had to have and all the obsolete products sitting in inventory.
👍 2
WeTheMarket WeTheMarket 2 days ago
Steve, there is little to no market because hydrogen is currently hard to come by, especially clean hydrogen. Plug Power is trying to solve the clean hydrogen supply problem, severely impacted right now by the terrible decision by Sanjay to abandon the plans for the hydrogen production plant in Pennsylvania, and the delay by the Treasury Department releasing the final 45V guidelines, hopefully in line with the intent of the IRA without the 3 pillar requirements.
👍 2
KingRichard3rd KingRichard3rd 2 days ago
Way Out with Jurriaan Kamp
Plug Power
Sunday, November 24, 07:00 pm on PBS SoCal Plus

https://www.pbssocal.org/schedule
Jurriaan Kamp advocates for sustainability, climate change, the environment, health, and human rights.
👍️ 1
scubastevemd scubastevemd 2 days ago
So, if there is little to no market and H2 is so hard to come by why not stop wasting any money on Hyvia. Should we not just cut our losses at this point? What about drones? What has ever become of that market? Andy's idea of throwing money at everything has failed. So, let's do what is profitable and get rid of the rest.
👍 1
Studer Studer 2 days ago
To "Jack" & "WeTheMarket" : Looks like a "Stalemate" to me. WeTheMarket posted an excellent article on Daimler hydrogen trucks and Jack comes back with Dresden Institute Energy study on battery trucks. The money talking behind the articles is what is important and each of us have to draw our own conclusions. I certainly will not be selling any Plug Power stock for tax loss selling at the end of the year. Now that is a "mind boggling stupid idea" if I ever heard one. People are making money trying to get us out of PLUG. I think I'll go with the Daimler article; no wonder Andy keeps talking about Europe.
👍 3
uksausage uksausage 2 days ago
pay attention Jack
if heavy trailer trucks are excluded

I do find it odd that they are paying over 1m euros for a truck compared to what Nikola sells them for.

Daimler shareholders should be funding this not the German govt, just like NKLA shareholders have. Even PLUG hasnt been given any govt money for actual end user equipment , just R&D grants
👍️ 2 💯 1
Jack_Bolander Jack_Bolander 2 days ago
WTM - What a waste of taxpayer money which could have been used for good instead.

Politics often wins over Science and Logic.

Funny that two of the most respected Sciencetific Universities in Germany just reported that hydrogen fuel cells don't make sense in Trucks when compatred to other alternatives (below).

Electric trucks clearly advantageous over hydrogen in road freight transport – report
Freight


Clean Energy Wire:

Battery-electric trucks are the best option to reduce emissions from road freight transport, and market forces are working in their favour, according to a report by the German Institute for Economic Research (DIW) in collaboration with the Technical University of Dresden and the Institute for Energy and Environmental Research Heidelberg.

While battery-electric trucks are slowly gaining market share, and a growing range of models come onto the market, hydrogen fuel cell models on German roads were "almost non-existent," said the researchers.

Freight transport is responsible for six per cent of Germany's total greenhouse gas emissions, and 40 percent of transport-related emissions – yet trucks lag behind cars in the transition to electric mobility. 2.3 percent of German trucks are battery-powered if heavy trailer trucks are excluded, compared to a hydrogen market share of 0.006 percent, according to DIW.

The DIW report noted that private investment in truck charging infrastructure was growing. Researchers recommended that the government maintains support for fast-charging points for trucks, but advised against promoting hydrogen in the sector, which would require investment in completely different technology and infrastructure. "Clear communication from federal policymakers on battery-powered trucks as the key technology would give truck manufacturers and operators security on upcoming investments," DIW energy expert Wolf-Peter Schill said.

The researchers also called for changes to greenhouse gas reduction quota regulations, which they said do not reflect the stark difference in efficiency between battery-electric drives and hydrogen alternatives. Battery-electric trucks are much more efficient than those using hydrogen fuel cells, because converting electricity from renewables into hydrogen is highly energy-intensive.

A 2023 Öko-Institute report forecast that, with enough investment in charging infrastructure, all new trucks registered in Germany could be battery-electric by 2035. Industry has said the country needs 4,000 fast-charging points by 2030. However, environmental organisations have criticised the government for investing more in road infrastructure than rail which, they argue, is the best option for reducing emissions and yet still accounts for only a small share of German freight transport.
👍️0
WeTheMarket WeTheMarket 3 days ago
Daimler Truck Secures Major Funding for Hydrogen Trucks
November 19, 2024
https://theevreport.com/daimler-truck-secures-major-funding-for-hydrogen-trucks
👍 2
Jack_Bolander Jack_Bolander 3 days ago
Banger - It doesn't matter.

No matter what you drive or where you are, Hydrogen for on-road use is sub-optimum and there are better, cheaper alternatives.  

The same is true for Stationary power and many other applications.

The more the world learns about hydrogen, the worse the future looks.

At least PLUG has found a niche with forklifts.
👍️0
uksausage uksausage 3 days ago
I have a feeling this is really for Class 6 and smaller trucks. It certainly would be applying to Hyvia - how many have they sold/given away? Economics change when the electricity is free and hydrogen produced on site but still lean to battery as overnight charging is sufficient for most use cases

Must look for the Symposium individual presentations/discussions.

For Class8 ("Heavy duty" as excluded in the numbers they refer to) I would say FCEV has the edge for distance, load weight, etc. But Europe is different from USA in trucking needs.
👍️ 1 💯 1
WeTheMarket WeTheMarket 3 days ago
Hydrogen Under a Trump Presidency: Implications for 45V and H2Hubs
Written By Jason Munster - Nov 21
https://www.cleanepic.io/blog/h2-trump
👍️ 1
Jack_Bolander Jack_Bolander 3 days ago
MORE BAD NEWS ! From another board :

Electric trucks clearly advantageous over hydrogen in road freight transport – report
Freight


Clean Energy Wire:

Battery-electric trucks are the best option to reduce emissions from road freight transport, and market forces are working in their favour, according to a report by the German Institute for Economic Research (DIW) in collaboration with the Technical University of Dresden and the Institute for Energy and Environmental Research Heidelberg.

While battery-electric trucks are slowly gaining market share, and a growing range of models come onto the market, hydrogen fuel cell models on German roads were "almost non-existent," said the researchers.

Freight transport is responsible for six per cent of Germany's total greenhouse gas emissions, and 40 percent of transport-related emissions – yet trucks lag behind cars in the transition to electric mobility. 2.3 percent of German trucks are battery-powered if heavy trailer trucks are excluded, compared to a hydrogen market share of 0.006 percent, according to DIW.

The DIW report noted that private investment in truck charging infrastructure was growing. Researchers recommended that the government maintains support for fast-charging points for trucks, but advised against promoting hydrogen in the sector, which would require investment in completely different technology and infrastructure. "Clear communication from federal policymakers on battery-powered trucks as the key technology would give truck manufacturers and operators security on upcoming investments," DIW energy expert Wolf-Peter Schill said.

The researchers also called for changes to greenhouse gas reduction quota regulations, which they said do not reflect the stark difference in efficiency between battery-electric drives and hydrogen alternatives. Battery-electric trucks are much more efficient than those using hydrogen fuel cells, because converting electricity from renewables into hydrogen is highly energy-intensive.

A 2023 Öko-Institute report forecast that, with enough investment in charging infrastructure, all new trucks registered in Germany could be battery-electric by 2035. Industry has said the country needs 4,000 fast-charging points by 2030. However, environmental organisations have criticised the government for investing more in road infrastructure than rail which, they argue, is the best option for reducing emissions and yet still accounts for only a small share of German freight transport.
👍️0
Jack_Bolander Jack_Bolander 3 days ago
B_B - Not News !
👍️0
igotthemojo igotthemojo 3 days ago
Considering the shoddy performance of current management, why would that be a bad thing?…
👍️ 1
B_B! B_B! 3 days ago
While a majority of shares is often the threshold for gaining control of a company, it is not a requirement for completing a tender offer. Offers can target less than a majority of shares and still proceed, potentially giving the bidder substantial influence in the company.
👍️0
B_B! B_B! 3 days ago
Plug Power uses Giner technology, Giner has been supplying NASA and the US Navy electrolyzers (Seawolf-Class and Ohio-Class submarines) for decades.

With a billion hours of runtime and counting, Plug leads the fuel cell charge, supplying economic, zero-emission fuel cell solutions for material handling, stationary power, and on road-mobility, including fleet vehicles.
👍 1
Jack_Bolander Jack_Bolander 3 days ago
B_B - A Hostile Takeover !

Who would buy this MESS ? PLUG has never had a positive quarter, or a valid business plan.

But I appreciate your sense of Humor.
👍️0
B_B! B_B! 3 days ago
With 600M shares left, it's more difficult to block a hostile takeover.
👍️ 1
Jack_Bolander Jack_Bolander 3 days ago
B_B - EVEN WORSE !

More shares means MORE DILUTION !

MORE DEBT ! MORE DILUTION !

LESS SALES. LESS REVENUES.

UNDER $2.00 !

Is Everybody HAPPY ?
👍️0
Jack_Bolander Jack_Bolander 3 days ago
WTM - Mr. Hydrogen is finding hydrogen challenging ?  The number of hydrogen stations in Europe are falling?  In North America, too.

It looks like PLUG is having challenges, too.  Sales and revenues are DOWN!

Q-4 is a Miss!

More Debt.  More Dilution. Tax Loss Selling.

We better hope the government money shows up.   Otherwise ... Sub -$1.00.
👍️0
WeTheMarket WeTheMarket 3 days ago
Dr. David Wenger, CEO Mission Hydrogen
Mission Hydrogen GmbH
Einsteinstrasse 55
89077 Ulm
Germany

Nov 18, 2024

Happy Monday everyone,

I have sold my last hydrogen car, the Hyundai Nexo. It's over. Here's why: First of all, let me say that I was absolutely happy with the car. No problems at all. 100% reliability, 100% safety, 100% availability even for "complex" jobs such as skiing with the kids, transporting goods, holidays or business trips from A to B to C to D. Yes, the car was pretty expensive (€ 17.75 per kg of hydrogen, 1.1 kg per 100 km), but I can afford that as part of my personal R&D activities for the energy transition.

And as you certainly know, I have had it to get real life experience. It was my third FCEV after a Mercedes and a Toyota Mirai. And it was the best in the row.

However, "my" refueling station has given me more and more headaches recently. It was perfectly reliable whenever I needed it (with one exception), but in the last couple of weeks it has been empty most of the time. They call the problem "force majeure" (the issue is related to an incident in a trailer filling station), but I don't care. I just couldn't use the car. Period. So I was unhappy, and we had to get rental cars to meet our mobility needs in the company. That was very expensive, and nobody is paying for it - except me.

Here's my theory: If everybody who was pro hydrogen was forced to drive a hydrogen car, things would be different. But still, too many people tell me how hard they work, what they have been trying, how challenging politics and other external factors are. I know that, I've been in this industry for 20+ years. But with my customer hat on, I don't care. I just want to drive from A to B. Nothing else. And I want to do it in a convenient and cost-efficient way. If this simple requirement is not met, I am patient in the first place. If it is not met over a period of time, I just sell the **** car and get another one. Simple as that.

What happens next in Germany: More and more stations are being closed, and "mine" will certainly be closed as well because it's far from being profitable. Next year maybe? I don't know. But I don't want to own a hydrogen car with no refueling station nearby. I've done that back in 2014, when one refueling trip was 65 km. No thank you.

Long story short: I am finally listening to KC and the Sunshine Band, and their most famous song goes: "David, give it up - Give it up - David, give it up." 😁 So here we go.

Thanks for liking the article or leaving a comment on LinkedIn or for responding to this email - I can live with negative feedback as well. But please respect that I don't respond to negative comments of people who never tried anything. You guys should rather listen to the Bee Gees, because "I'll win again. Some never try." I am very clear on who I want to be in that respect.

Have a nice day.

David
👍️0
B_B! B_B! 3 days ago
The more shares Plug issues, the harder it becomes to fend off a hostile takeover.

As of November 7, 2024, the authorized capital stock of the Company consists of (A) 1,500,000,000 Common Shares, of which, 911,196,936 shares (excluding treasury shares) are issued and outstanding
November 12, 2024 Form10-Q Quarterly Report
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001093691/63adecd8-c84f-4fd8-ba3c-4e6714d32ec0.pdf

https://stocktwits.com/B_B_
👍️ 1
B_B! B_B! 3 days ago
👍️ 2
WeTheMarket WeTheMarket 3 days ago
45V next, hopefully soon.
👍️0
WeTheMarket WeTheMarket 3 days ago
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
👍 1
igotthemojo igotthemojo 3 days ago
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...
👍️0
mikman77 mikman77 4 days ago
I cant stomach what andy paul or sanjay say anymore!
👍 1
Jack_Bolander Jack_Bolander 4 days ago
Steve - Nothing meaningful until 2026. A lot can go wrong by then.
👍️0
scubastevemd scubastevemd 4 days ago
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.
👍️ 1
WeTheMarket WeTheMarket 4 days ago
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
👍️0
igotthemojo igotthemojo 4 days ago
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...
👍️ 4
Jack_Bolander Jack_Bolander 4 days ago
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,
👍️ 1 🤣 1
uksausage uksausage 4 days ago
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
👍️ 3
Jack_Bolander Jack_Bolander 4 days ago
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.
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WeTheMarket WeTheMarket 4 days ago
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
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WeTheMarket WeTheMarket 4 days ago
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.”
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uksausage uksausage 4 days ago
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?

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igotthemojo igotthemojo 5 days ago
"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...
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Studer Studer 5 days ago
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?
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Studer Studer 5 days ago
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.
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Jack_Bolander Jack_Bolander 5 days ago
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.
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WeTheMarket WeTheMarket 5 days ago
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
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Jack_Bolander Jack_Bolander 5 days ago
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.
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Jack_Bolander Jack_Bolander 5 days ago
Banger - Excellent find.
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mikman77 mikman77 5 days ago
Thanks UK for your DD and knowlege in relaying these facts....too bad you and JB arent running plug power!!
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uksausage uksausage 5 days ago
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.
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