Plug Power Inc (PLUG) News

PLUG POWER STOCK - SHORT SQUEEZE CHANCE - PLUG POWER STOCK ANALYSIS PREDICTIONS

BLACK BELT TRADER
16.5K subscribers
Posted 18 hours ago

Between now and 2030 - 35 BEV's will continue to dominate outselling FCEV's by more than 1,000 to 1; and the lack of hydrogen infrastructure will continue to be the reason. In North America, the much touted Hydrogen Hubs won't be fully operational until 2028-29, so their impact on vehicle sales will be minimal.

What is worrisome to the dramatic drop in FCEV sales in North America this year. A drop in sales by more than 50% seems to indicate that the hydrogen vehicle experiment has failed.

Senate passes bill to avert government shutdown
Story by Caitlin Yilek • 7h
https://www.msn.com/en-us/news/politics/government-funding-bill-clears-congress-averting-a-shutdown/ar-AA1waFWP?ocid=BingNewsSerp

Repost from Stocktwits board, courtesy of B_B_

$PLUG What mattered yesterday.

US Loans to Rivian, Plug Under Threat From Federal Shutdown
Ari Natter
Fri, December 20, 2024 at 6:15 PM EST
https://finance.yahoo.com/news/us-loans-rivian-plug-under-182908537.html

(Bloomberg) -- Billions of dollars in federal loans to Rivian Automotive Inc., Plug Power Inc., PG&E Corp. and other companies are under threat because of a potential US government shutdown.
...
An Energy Department spokesman said the agency would continue to fund loans in the event of a shutdown. “Each office that has prior year balances, which includes LPO, will continue to operate as long as those balances remain available,” he said.
...
Among the conditional commitments it has made is a record $15 billion loan commitment announced Tuesday for Californian utility PG&E Corp., a $6.6 billion commitment to Rivian Automotive Inc. and an offer of almost $1.7 billion in financing for hydrogen maker Plug Power Inc.

https://finance.yahoo.com/news/us-loans-rivian-plug-under-182908537.html

JB, glenn's chart in the previous posts clearly shows, as you like to point out, that "Every PLUG rally failed" when bumping up against the 50 day moving average, and the negative trend over the last 3 years has persisted. We are currently right up against the 50 day moving average. Will this time be the time we finally brake to the upside for good, reversing the negative trend over the last 3 years?

PLUG..........................https://stockcharts.com/h-sc/ui?s=PLUG&p=W&b=5&g=0&id=p86431144783

william jr - Energy Vault and RackScale Data Centers NO MENTION OF PLUG !

https://www.utilitydive.com/news/energy-vault-rackscale-partner-data-center-battery-storage/735796/

This has NOTHING to do with PLUG.

$PLUG Energy vault : Announcement good for PLUG , Energy Vault and RackScale Data Centers

Steve - Yet another good question.

PLUG have/has several products and applications where they are better, cleaner or more efficient , but they may not be economical to own or use.

For instance, we know that in material handling applications where there are 200+ vehicles which are required to operate indoors, 24/7, fuel cells make sense in less downtime and labor in refueling.

However, we also know that in the out of door applications or less than 200 units or less than 24/7, this same equipment doesn't make economic sense. This is why GSE's and retail stores have never adopted Fuel Cell material handling.

Those ideas work, but the economics of nearly any other alternative are better.

This goes as well for hydrogen and fuel cells for primary power, back up power or auxilary power.

It is very difficult for hydrogen or fuel cells to compete with the incumbent supplies and infrastructure. Just think; taking green electricity coverting it to hydrogen, ... storing and shipping the hydrogen .... and then using onsite equipment to convert the hydrogen back to green electricity; is easily 10 times more costly and inefficient as using the green electricity in the first place.

Rather than list every application in which hydrogen is better, but the economics or technology don't work, it is probably better to list hydrogen applications that actually make financial sense. This list is much shorter.

Let me tell you a true story. The Germans are fanatical about efficiency and built the two most efficient power plants in the world ... They are masterpieces...
But they have never run .
Because generated power is dispatched into the German grid based on economics (the cheapest power flows first) these two highly efficient plants sit idle because although they are the most (best?) efficient, they are not the most economic.

Point 2 : We see buses, garbage trucks and other municipal vehicles using hydrogen. Municipalities are not businesses and are not as concerned for the bottom line or ROI. Their criteria might be more environmentally weighted than competitive economics, otherwise hydrogen for on-road applications can never make sense.

jammy - I don't have any need to hurt PLUG. The lousy management does more damage than I could ever do.

Repost from Hydrogen Hub board, courtesy of delerious1.

U.S. Department of Energy Unveils Updated Hydrogen Program Plan
Plan incorporates new input from multiple DOE offices and provides a strategic framework for clean hydrogen innovation
Hydrogen and Fuel Cell Technologies Office
December 20, 2024

The U.S. Department of Energy (DOE) today announced its updated Hydrogen Program Plan, a foundational resource for advancing research, development, demonstration, and deployment (RDD&D) of clean hydrogen technologies. The Hydrogen Program Plan specifically identifies and articulates strategic, high-impact areas of focus across DOE’s Hydrogen Program, a cohesive and coordinated effort involving multiple hydrogen-related offices.

Advancing a coordinated strategy for RDD&D is particularly important for clean hydrogen because it has the potential to be used across virtually all sectors of the economy and it can be produced, stored, and delivered in many ways. A successful strategy will need to integrate efforts in renewable, nuclear, and fossil energy—and coordinate across end uses in multiple sectors of the economy.

This plan provides a strategic framework that incorporates RDD&D efforts of the Office of Energy Efficiency and Renewable Energy, Office of Fossil Energy and Carbon Management, Office of Nuclear Energy, Office of Electricity, Office of Science, Loan Programs Office, Office of Manufacturing and Energy Supply Chains, Office of Clean Energy Demonstrations, and the Advanced Research Projects Agency – Energy to advance the production, transport, storage, and use of hydrogen.

In 2023, several federal agencies developed the U.S. National Clean Hydrogen Strategy and Roadmap, a comprehensive, nationwide framework for accelerating the production, processing, delivery, storage, and use of clean hydrogen. This 2024 update to the Hydrogen Program Plan explains how DOE offices collaboratively work to efficiently implement the strategies outlined in the Strategy and Roadmap. This new version also includes updated supporting data and analysis, a description of the Regional Clean Hydrogen Hubs, information about ambitious DOE-wide goals established through the Hydrogen Shot™, and examples of DOE-wide efforts to establish a strong workforce, maximize technology efficiency and accelerate innovation in the transition to a hydrogen economy.

https://www.energy.gov/eere/fuelcells/articles/us-department-energy-unveils-updated-hydrogen-program-plan

Learn more about the Hydrogen Program Plan.
https://www.hydrogen.energy.gov/library/roadmaps-vision/program-plan

Jack, so what products does Plug have that are superior? Could even their forklifts be in jeopardy with newer Ion batteries as a replacement? I just have to wonder why Amazon, Walmart, HD and other large warehouses use Plug versus the the options? Also, why are large companies and governments throwing Billions at H2?

Nope. It was you admitting that you are trying to hurt PLUG. No worries. Thanks for acknowledging

Repost from Stocktwits board, courtesy of Gio_F.

One of the first places where the final 45V rule will likely appear is here: https://home.treasury.gov/news/press-releases Last indication is still "before year end". To consider: last year's draft 45V rule was released on Friday, December 22th, 2023. The last Friday before Christmas. Source: https://home.treasury.gov/news/press-releases/jy2010 Good luck everyone.

Jammy - NOPE. Just correcting your Fourth Grade Spelling... and nothing more.

Merry Christmas.

So you admit it. This is your sole purpose. Thanks for sharing. Good luck

Jammy - Not my soul purpose !

My sole purpose.

Plug should look into all posters that non stop bash their company for the soul purpose of shorting.

bozich ?

Counter article to the following one posted here yesterday morning https://freebeacon.com/biden-harris-administration/significant-risk-of-fraud-federal-watchdog-calls-for-emergency-halt-to-bidens-400-billion-energy-loan-fund/

US watchdog recommends Energy Department halt loans to green projects
Timothy Gardner
Wed, December 18, 2024 at 2:15 PM EST
https://finance.yahoo.com/news/us-watchdog-recommends-energy-department-191504256.html

Key quotes:

A DOE spokesperson said the interim report is filled with errors. "The Inspector General fundamentally misunderstands the implementation of contracting in LPO. We stand confident in knowing LPO is in full compliance with the Department of Energy’s conflicts of interest regulations and take conflicts of interest very seriously."

Jigar Shah, the head of the LPO, said in a response included in the interim report that "despite a months-long audit involving over one hundred contract files, (the inspector general) has not identified any organizational conflicts of interest."

Does anyone on this board know whether or not the failure to pass the spending bill has any impact on either the DOE loan or release of 45V final guidelines? Guesses are welcome.

PLUG fell much further than every stock in the Sector ! And do you know why ?

PLUG is a very high risk stock, NOT an investment, but a very Long Odds Bet. And the Risk/Reward ratio is way out of balance. Good News and Plug will go up, maybe as high as $5.00, but with BAD NEWS ... Plug will crash, just as it did yesterday. No Loan, Limited 45v, and PLUG could easily drop below $2.00 again.

PLUG and the management team have proven that they don't know how to make money, that something is Broken, and they don't have a clue how to fix it.

Therefore the DOWNWARD Pressure and DOWNSIDE RISK with PLUG is much greater due to Hype and Poor Management which is why PLUG fell 10% yesterday; much more than their peers.

This is why short interest reached nearly 30%, and why so many play PLUG from the short side. Plug has lots of mini-rallies based on hype and headlines, but this is why :

Every PLUG Rally Fades within days.

JB, thank you for the insightful response. I've been unsuccessfully looking for that information for the longest time. Thank you.

Steve - Interesting observation.

Do you think PLUG can secure bulk power for 2 Cents ? That would yield us Green Hydrogen for $6.00/kg*, BEFORE Shipping and Storage.

And what does the Competition Cost Apples / Apples.

Electricity (bulk $0.11/kwh ) $25.00 MMBTU
Natural Gas (Delivered ) $7.00 MMBTU
Diesel ($5.00/gallon ) $30.00 MMBTU

Hydrogen ($6.00 at the source) $96.00 MMBTU

HYDROGEN TECHNOLOGY WORKS .... HYDROGEN ECONOMICS DON'T

* Electrolyzers need to operate continuously. So they need to run on and off peak. So this example is just more PLUG nonsense.

Now you can see why Amazon, Microsoft and Google aren't very interested in Hydrogen as a Primary or Auxilary Power Source.

Jack. Is the price not controlled by the source? These are the prices for the current market, most of which is gas reformation. What would be the price for wind or solar power or nuclear when off peak? Is this not what they are trying to accomplish with green hydrogen? I realize, at this point this is a small market, but the idea is to grow it.

WTM - I was just quoting the market price for each fuel.

Natural Gas / MMBTU's
Hydrogen / Kg's (16 kgs /MMBTU)

So an apples to apples comparison, multiply whatever the hydrogen price is by 16.

JB, just curious, what units of gas and hydrogen do those prices of $3 for gas and $15 for hydrogen correspond to?

BOYS - It Would have been BIGGER NEWS if Hydrogen Didn't Work !

Hydrogen Technology Works ...

Hydrogen Economics Don't !

If a turbine can use either $3.00 natural gas or $15.00 hydrogen, which fuel is Amazon going to use ?

PS : Green hydrogen when used in a turbine produces Harmful, Toxic Emissions.

Steve, great find. Thanks for posting.

https://www.msn.com/en-us/money/markets/new-retrofit-tech-enables-micro-turbines-to-run-on-both-hydrogen-and-natural-gas/ar-AA1vTvGq?ocid=msedgntp&cvid=6000cf02dbdb46f281eeee411774c467&ei=31

If there is good news on 45V expected for Friday, apparently it's not leaking out, at least not yet.

Who Remembers MULAG ?

https://www.nbcbayarea.com/news/local/climate-in-crisis/super-tug-sfo/3738022/

Zero Emission GSE's

It depends if they can ram it through before this becomes a major story in the news and they all hide for cover. Between Congress inside trading of stocks and the Biden pay for play deals with Huneter it seems many have their hands in the till for favors. I do find it troubling, myself and that maybe the reason all the execs are lately saying they do not need the loan to continue. Maybe they know already?

Appears to be regurgitated old news.

Inspector general warns Biden admin's $400 billion green energy loan program is ripe for abuse
'On the issue of not funding our adversaries, I am greatly concerned about how things are going in that regard,' inspector general says
Thomas Catenacci By Thomas Catenacci Fox News
Published October 19, 2023
https://www.foxnews.com/politics/inspector-general-warns-biden-admins-400-billion-green-energy-loan-program-ripe-abuse

I certainly hope not. It's a bit of a catch 22 situation.

You hire people who have experience of a. market in order to rpovide incitfully analysis of needs and projects, you then turn around and say conflict of interest.

There isn't any.

Jigar and his investment company sold all their holdings of PLUG before or when he was appointed.

Link to article referred to in JB's post. Should this be reason of concern regarding the DOE loan?

Link https://freebeacon.com/biden-harris-administration/significant-risk-of-fraud-federal-watchdog-calls-for-emergency-halt-to-bidens-400-billion-energy-loan-fund/

'Significant Risk of Fraud': Federal Watchdog Calls for Emergency Halt to Biden's $400 Billion Energy Loan Fund

The Department of Energy's inspector general on Tuesday issued an unprecedented call to suspend the Biden administration's $400 billion energy loan program, warning that officials aren't complying with conflict-of-interest rules and that the program carries a "significant risk of fraud."

The news comes as the Energy Department's Loan Programs Office (LPO) has been rushing to dole out billions in loans to green energy companies before President Joe Biden leaves office in January.

The inspector general's criticism could halt that funding blitz and draw new congressional scrutiny into the loan program. The loan office has already come under fire from Congress for dispensing billions in loans to high-risk companies, some of which had prior financial or personal links to office director Jigar Shah.

Steve - Up One Penny !

I'm not impressed at all.

We are going up. I wonder if there's a leak or just piling on just in case, we get news?

Lots of business for tethered trucks in GA. It's how you start and buying for your own use cuts the middleman mark up of public fuelling stations. 

Banger - this is the case then Hyundai's trucks will be short range, tethered vehicles.

meh

Plug has been supplying them for a long time. They were the prime customer for the gaseous H2 from Georgia before the green liquid be am available this year

who is supplying their hydrogen? As far as I know there are no filling stations in Ga. is there? I would think they would need mobile stations or supplies until an infrastructure is built around major trucking corridors on 75\85\95 in Ga. at least.

WTM - You forgot to REPOST an important news item :

Another Major Hydrogen Project Bites the Dust !

In a conference call today Air Products has dropped out of a $4B plan to build a green hydrogen plant in Oklaunion.

The plan was hatched in 2022 between AES and Air Products. It was put on hold in September of this year.

I’m shocked that you’re not optimistic LOL

California HVIP voucher data for Nikola trucks, end of November (top) vs. end of October (bottom).
Source https://californiahvip.org/impact/#deployed-vehicle-mapping-tool

Recent X post.
https://x.com/hydrogenfuelnew/status/1868323183767790041

We also know that the IRS will issue its 45V hydrogen tax credit guidance later in the week, mostly likely on Friday. Let’s be clear on the three items that will create demand for a hydrogen marketplace: 1) The DOE’s Loan Program office has/continues to invest in innovative technologies to produce and develop hydrogen, 2) DOE’s $7B Hydrogen Hubs are regional stakeholder, private-public partnership that can/will implement the infrastructure and market (which has companies and advocates, as well as Govs. Greg Abbott and Gavin Newsom on the same side and 3) a FLEXIBLE IRS 45V tax credit will boost the marketplace and create demand in the expanding hydrogen industry. We have a full array of experts on the topic and will be ready to discuss.

Frank Maisano Dec 16, 2024
https://frankmaisano.substack.com/p/dec-16-congress-closing-lng-study?triedRedirect=true

Shamus
https://stocktwits.com/Shamus/message/596757198

WTM - I was in Energy Banking.

Even with a DOE LOAN Guarantee, I wouldn't loan a penny to this mismanaged Mess.

And I have no idea what Norge was thinking.

WTM - You obviously don't know how the mechanics of the DOE Loan process work.

NO DOE DOUGH is ALL on PLUG.

PLUG can't find anyone to loan them the DOUGH !