igotthemojo
9 hours ago
"We would like to add another 20,000 shares, before it turns around, going into 2025"
how about waiting until its done dropping and waiting until it DOES turn around?...wait for this 4 yr long downtrend to turn postive?..
look at a 4 year chart...there were some nice ups and downs in the first 2 years that were good for traders, but the trend was down....the last 2 years were pretty much just down, with the last year virtually nothing but down...
you were probably trying to catch a bottom when you bought 30k shares under $4...now you want to try to catch the bottom with 20k more shares...
a bottom is generally very elusive whereas a turnaround is often times, fairly obvious...
as i have said many times...its best to exercise patience BEFORE you buy...not after...
WeTheMarket
10 hours ago
The Hydrogen Podcast Interview: Insights from OPW Clean Energy Solutions' Felipe Sperduti Machado
The Hydrogen Podcast
1.25K subscribers
Posted Jul 22, 2024
Join us on this episode of the Hydrogen Podcast as we delve into the future of hydrogen with Felipe Sperduti Machado, Senior Director of Hydrogen and Cryogenics at OPW Clean Energy Solutions. Felipe shares his extensive knowledge and experience in the hydrogen industry, discussing key accomplishments, challenges, and innovative solutions in hydrogen refueling and distribution.
Learn how OPW CES is paving the way for a cleaner energy future, and discover the exciting advancements in liquid hydrogen technology and infrastructure. Don't miss this insightful conversation that highlights the potential of hydrogen as a mainstream energy source and OPW CES's role in driving this transformation.
Key Moments:
0:00 - Introduction by Paul Rodden
1:08 - Felipe Sperduti Machado joins the podcast
1:20 - Felipe discusses his journey in the hydrogen industry
2:11 - Key accomplishments at OPW Clean Energy Solutions
2:58 - Overview of OPW CES and its mission
3:33 - Introduction to Acme Cryogenics and Rigo
4:37 - Challenges in liquid hydrogen distribution
6:03 - Addressing safety concerns in liquid hydrogen
7:20 - Importance of standardization in hydrogen refueling
9:13 - Technological advancements in hydrogen distribution
10:09 - Innovative solutions for liquid hydrogen refueling
11:50 - Enhancing capabilities with Acme Cryogenics and Rigo
12:43 - Ensuring reliability and efficiency in hydrogen infrastructure
14:00 - Success stories and significant impacts of OPW CES solutions
15:00 - Future trends and opportunities in heavy-duty transportation
15:54 - Preparing for the demands of a growing hydrogen economy
16:39 - Exciting collaborations and partnerships
17:27 - Key factors for hydrogen's success as a mainstream energy source
18:05 - Predictions for the hydrogen industry over the next decade
19:00 - Closing thoughts and where to find more information about OPW CES
WeTheMarket
10 hours ago
Mission Hydrogen webinar "Solid Oxide Electrolysis – State of the Art and Outlook."
Speaker: Rob Braun
Date: Wednesday, July 24
Time: 07:00 am Pacific | 10:00 am Eastern | 16:00 CEST | 07:30 pm IST | 10:00 pm AWST
Price: Free
Registration: www.mission-hydrogen.com
Background
The most efficient electrolyzer type is called SOEC – Solid Oxide Electrolysis Cell. It’s efficiency is far above PEM or other electrolyzers, which makes it very attractive.
However, the maturity level is rather “R&D” or “Demonstration” instead of “Large scale commercial”. While the largest PEM or alkaline electrolyzers in the field are in the 100+ MW class, SOEC systems are rather in the 100+ kW or single digit MW class.
And while the main advantage is the high efficiency, it comes at a cost: the operating temperature of SOECs is high (typically between 600-900°C). This means that special materials are needed and that ramping them up and down several times a day is not the preferred operation mode.
A leading scientist for SOECs is Rob Braun, Distinguished Professor at Colorado School of Mines and Director, Mines/NREL Advanced Energy Systems Graduate Program.
In our next webinar on Wednesday, July 24, Rob will give us an overview of the state of the art of Solid Oxide Electrolysis and an outlook of what is realistic in both research and industry in the coming years.
DD_dempsey
19 hours ago
IMO- $PLUG now undervalued again-
When you also factor in this for $PLUG -
In May 2024, we received a conditional commitment for an up to $1.66 billion loan guarantee from the Department of Energy (the “DOE”) to finance the development, construction, and ownership of up to six green hydrogen production facilities. The production facilities, which will be selected for financing in accordance with procedures to be set forth in definitive documentation with the DOE, will supply low-carbon green hydrogen and the hydrogen generated will be used in applications in the material handling, transportation, and industrial sectors. Certain technical, legal, environmental and financial conditions, including negotiation of definitive financing documents, must be satisfied before funding of the loan guarantee and there can be no assurance that we will satisfy all of the conditions on terms acceptable to the DOE to receive the loan guarantee.
IMO- the knee jerk reaction to S-3 capital raise was not consistent with actual value proposition. Therefore - This will be back over $3 shortly. Further - this will be testing $4 not before long as well IMO. August and September should be big here if this gets fast tracked. Crack $3.50+ and watch her run north
B_B!
1 day ago
Apparently no ATM from May 9 till July 19, 2024.
July 19, 2024 Form424B5 Prospectus filed pursuant to Rule 424(b)(5)
78,740,157 Shares
…..
Common stock to be outstanding immediately following this offering
765,102,491 shares (or 776,913,514 shares if the underwriters’ option to purchase additional shares from us is exercised in full).
…..
The number of shares of our common stock to be outstanding after this offering is based on 686,362,334 shares of common stock outstanding as of March 31, 2024
.....
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001093691/038dd32a-0502-4667-861d-1180de054cc9.pdf
B_B!
2 days ago
I think that the public offering of common stock was urgent (1), resulting in a prospectus with errors (2). Plug Power has decided to use an underwritten public offering of $200M of its common stock, instead of the available ATM to avoid the “going concern” in Q2 (3).
(1) On July 18, the $62.4M cash was probably almost depleted.
Cash end of Q1: $172.9M
Q1 cash usage: $288.3M
between March 31 and May 9: $145.2M (ATM)
Free up previously restricted cash: $38.7M
$172.9 + $145.2 + $38.7= $356.8M
Cash end of Q2: $62.4M
Q2 cash usage: $356.8 – $62.4= $294.4M
Cash usage is about $100M per month, so on July 18 there was probably not much left of the $62.4M.
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(2) In the Q1’24 quarterly report the number of shares of common stock, outstanding as of May 7, 2024 was 742,559,081 shares. From March 31, 2024 through May 9, 2024, the Company sold 55,801,292 shares of common stock (ATM).
I think the correct number of common stock to be outstanding immediately following the offering on July 19, 2024 should be 812,299,238 or 833,110,261 shares (not 765,102,491 or 776,913,514 shares).
July 19, 2024 Form424B5 Prospectus filed pursuant to Rule 424(b)(5)
Common stock to be outstanding immediately following this offering
765,102,491 shares (or 776,913,514 shares if the underwriters’ option to purchase additional shares from us is exercised in full).
…..
The number of shares of our common stock to be outstanding after this offering is based on 686,362,334 shares of common stock outstanding as of March 31, 2024
(page 12/62)
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001093691/038dd32a-0502-4667-861d-1180de054cc9.pdf
May 09, 2024 Form10-Q Quarterly Report
outstanding as of May 7, 2024 was 742,559,081 shares
(page 1/62)
From March 31, 2024 through the date of filing of the Quarterly Report on Form 10-Q, the Company sold 55,801,292 shares of common stock
(34/62)
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001093691/47e8742c-74d4-4aa9-b92c-6e18d3d14631.pdf
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(3) When a company does not meet the going concern criteria, it means that a company may not have the resources needed to operate over the next 12 months.
Plug Power need each quarter about $200M in additional capital.
4 quarters x $200M = $800M
There is still $850M ATM available after May 9 ($1000M - $147.8M = $852.2M left), enough for 12 months.
ATM used: Q1 $309.3M, Q2 $147.8M
public offering: Q3 $200M
After Q1 ATM, the ATM was increased to $1000M again.
“Amendment No. 1 increased the aggregate offering price of common stock we may offer and sell pursuant to the Sales Agreement by $302,073,006 to $1,000,000,000.”
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001093691/6dcfcd2d-4849-40ed-a559-77bfdec85c22.pdf