Plug Power Inc (PLUG) News

KR3, thanks for sharing. I'm in a similar situation, with just over 50,000 shares, the most I've ever held in many years of investing in PLUG. I've been accumulating aggressively as of late, so my average cost is relatively low, near breakeven right now.

Btw.
This is me. I'm licking my wounds.

https://stocktwits.com/King_of_The_mountains/message/600612869

WTM -
Unfortunately, the DOE money is specifically given for 4 separate projects. Money can't be used for anything else.
I agree that company will reduce burning cash after receiving DOE loan since people will start working on those projects, unless company will hire more additional help, and we increase the loss.
Company will need to start releasing some positive news to give us something.

Weekly for you,
https://stocktwits.com/King_of_The_mountains/message/600611716

And monthly looks the best!
https://stocktwits.com/King_of_The_mountains/message/600611859

UK, KR3 and others, any thoughts on the following recent Stocktwits post by Girba. A glimmer of hope perhaps?

As B_B_ indicates " Maybe Plug can use the portion of the DOE loan allocated for the electrolyzers and liquefiers to cover their operating expenses, while additional private equity investors can cover the remaining plant costs. " ..

It is very logical that PLUG will use part of DOE money will allocate for the salaries of the people working in the factory construction (investment side) and office. Thus, the salary burden of the people in the office will be shifted to DOE. This will reduce PLUG's accounting (loss). PLUG will recover faster. It will not burn much money. As a result, the amount of ATMs will decrease significantly. Balance sheet will improve a lot. It may even turn into profit. This will please Wall-Street. It will attract more investors. Therefore, you can be ready for all kinds of positive surprises in 2025.

KR3, thank you for the very detailed, specific, and insightful posts.

https://stocktwits.com/King_of_The_mountains/message/600608709

No one has a clue, WTM! Even JB.
All longs were very disappointed from the reaction yesterday. I'm sure JB was very surprised as well. He mentioned to us here that he anticipated rise after DOE up to $5 and now we have only hope that it will go to $3
\
And you would like the chart analysis?
Here you go.
We are sitting now exactly on MA 200 at $2.43 (very big support). The next one is MA50 at $2.33
If we break those supports, then who knows how low we go.
My only explanation would be that the big manipulation happened yesterday to kill all puts/calls and on purpose they close PLUG below $2.50 mark. If we don't start moving up on Tuesday, then all dreams go to hell!
Later, I'll post chart on the other board, so you can see it here.
PS. Thank GOD that market is closed on Monday. We won't lose anything on that day!

UK, thanks. Any guesses as to what the share price will do based on your financial evaluation, and/or chart analysis? I'm asking as I don't have the slightest clue.

Banger - There WILL be MORE than One Big Raise ... There ALWAYS IS !

And MUCH MORE than your $400-500 million.

PLUG needs to raise at least $500 million before June just to keep the lights on. And probably a Billion more in order to meet their promises.

Plenty more raises to come ...

well we know the answer to all but the last one.
I always wonder why are they asking when the answers are out there often in official company news?

Did some research after your earlier post Jack.
Sounds like a $400-500m capital raise is imminent (may be on top of ATM activity?) to :
a) fund the finance subsidiary for Texas and Georgia projects
b) cover losses in 2025 and hopefully 2026.

one big raise then they can start benefitting from all the electrolyzer orders they have

From another board :

At some point shareholders will have to do some sums. 

Do earnings, including tax credits, cover loan repayments?

Is the loan guarantee 100% of the sum of the amount loaned? 

What percentage of the sum needed for plant development is covered by the loan amount?

What interest rate will be applied to any eventual loan? 

How much further dilution will be required to make up the shortfall?

Few on here are asking them, let alone answering, but the market seems to have drawn its own negative conclusions with a 10% drop on the news of increased debt liabilities and has clearly decided this news isn't as good as longs hoped.

You are right about that. It did not.
Hats off to you, Jack.
I hope you made some $$$ on this downside.

Steve - There is a difference in buying stock to bump up the share price for OPTICS.; and buying shares because you true believe that your company and your leadership make it the best investment you can make

So, showing support of your company is bad for management? So, with your logic they are all honest and outstanding moral people and that is why they never bought the stock in the option market because they knew it was garbage and going down the tank? I guess they do not have faith in the model or their ability then.

NO !  That would be wrong, deceitful and disingenuous.

Creating an illusion of strength when there is none will only create more victims.

Andy should buy shares to show confidence in the company.

KR3 - Your analysis has not aged very well.
PLUG Longs got hosed today.  A pure Pump and Dump.

Don't trust anyone who says "buy Plug" or things are fine.  

From another Board:

This is not complicated. It is just math. The market is a discounting mechanism. 45v and the DOE loan are good news. Don't let the shorts tell you otherwise. That said, the company is running out of money. Accordingly, the market is discounting an impending equity offering, the size of which will be in the 500-750 mio range. At a share price of 2:50, (aka no discount to current sp) using 500 mio on the lower end, you are talking about 20% dilution to existing shareholders. That is all you need to know. I don't know how long they can stretch their current cash (May?) but dilution is coming. It doesn't mean that 45V won't be a business catalyst. It doesn't mean that the loan for these new projects isn't good news. Taken in totality, today's action simply recognizes that the company is burning through an inordinate amount of cash and, with the good news now announced, it is turning its attention to what is next. namely the price at which said offering will clear. Not good. Not bad. Just math. 

H.C. Wainwright bullish on Plug Power shares citing $1.66B DoE loan closure
5h
https://www.investing.com/news/analyst-ratings/hc-wainwright-bullish-on-plug-power-shares-citing-166b-doe-loan-closure-93CH-3818891

On Friday, H.C. Wainwright analyst Amit Dayal maintained a Buy rating and a price target of $5.00 on Plug Power (NASDAQ:PLUG) shares. The endorsement follows Plug Power's recent announcement on January 16, 2025, that it had finalized a $1.66 billion loan guarantee from the U.S. Department of Energy's Loan Programs Office (LPO).

MORE BAD NEWS !

We all thought that the 45 v and DOE Dough would be positive catalysts all the way to $5.00. And REALITY says, "NO, $2.50.

So the 45 v & e and the DOE Dough turned out to BIG NOTHINGS.

And Now for the BAD NEWS :

The Fourth Quarter is ANOTHER NEGATIVE. Sales, Revenues, Margins, Deals , Earnings will be below expectations, except for Losses.

Yet Another Quarterly Loss for Plug Shareholders.

I guess, BOYZ are killing off Option bets at $2.50.
We should see better price close to the end of day.

Banger - NOPE.

Just 2-3 projects. And what makes you think that Hydrogen end-users won't demand the $3.00 Credit Pass Through.

A wait until you here more bad news.

Tried a second trade @ 2.5, but back out at 2.52. That plus 2 other flips didn't even make a buck per share.
Afraid this will be a loooong hold, if it pays off at all.
AJMO & GLTA

US DOE grants $1.66bn to Plug Power to develop hydrogen facilities
The loan guarantee will facilitate the production of clean hydrogen using Plug's electrolyser technology.
January 17, 2025
https://www.power-technology.com/news/us-doe-plug-power-hydrogen/

but the loan guarantee only backs projects one at a time.

Texas is happening. the capex is being transferred to the New subsidiary they set up.

The next is Georgia phase 3 (phase 1 was gaseous) which is highly likely as permitting should be easy

the rest may not happen (they have 10years) certainly not announced unless they resurrect STAMP

By the tie they are doing 3-6 though they will be selling the h2 frmo their sites at enormous margins accounting for the up to $3/kg PTC as well.

2028 numbers shod be impressive

AND NOW FOR THE BAD NEWS !

I have been saving this for today !

PLUG isn't getting $1.66 Billion . That's NOT how the program works.

You get the CAPEX on a project by project basis. This limits the risk exposure.

So if PLUG doesn't do $1.66 billion of CAPEX, PLUG won't get all of the $1.66.

We have already seen three Capex projects cancelled, and I am sure there will be more.

This is why no one who knows the real deal is celebrating this MONUMENTAL Deal.

Well, it was sell on the news, I guess. Now for the hard work. They get most of what they wanted and now have a third chance at life. The first was when we were almost bankrupt and sold to Amazon and Walmart. The next was our $2 Billion-dollar stock sale and now this. Will, the third time be a charm or will Andy and the gang just screw it up yet again?

PLUG leveling out, could see a 10-20% move up IF this holds.
JMO

Repost from Stocktwits, courtesy of Longsands8.

ROTH note out this morning on recent headlines

Back to you, Jack!
Congrats!

So this what the market thinks about the 1.6b loan ? Not good !

Stew, thank you for the clarification and insightful response.

Repost from Stocktwits, courtesy of Stinger2023.

Morons and Maggots need to know that this loan from the government subsidized at 5% rate is going to allow Plug to increase their plant production and bring cost down. 2nd, this will allow an equity investor to come to fund their short term goals with the US Government behind them. This adds a big huge backstop for the company. Now, we know Plug will survive with such a big huge loan for them, at a lower rate, and they don’t have to pay it in years to come. This will create leverage and add value to the company. With the tax credits and incentives as well, the company is ready to move forward and eventually be profitable.

Increase, but you know sell on NEWS can be in play. It's time for Plug get a big move, but it want hold i'm afraid. With Humpty Trumpty thing going on who knows, play it. JMHO again

Repost from Stocktwits board, courtesy of B_B_

Plug Power Snags $1.7 Billion DOE Loan Guarantee For Hydrogen Plants
Alan Ohnsman Jan 16, 2025
https://www.forbes.com/sites/alanohnsman/2025/01/16/plug-power-snags-17-billion-doe-loan-guarantee-for-hydrogen-plants/


Marsh thinks the new administration will remain generally supportive of hydrogen, as part of an overall strategy to increase all forms of domestic energy, particularly as most of Plug’s initial projects are in Republican states like Georgia, Tennessee, Louisiana and Texas.

“Almost all the production work we’re doing is in red districts. We can name 25 red district Republicans–not folks who are in districts that are in question, but true red–who support hydrogen and fuel cells,” he said. “I think the Trump administration will think about energy security and hydrogen's going to be part of energy security for the future. I think they're going to think about American jobs, they're going to think about competition with China and all those things.”

Plug Power maintained at Perform by Oppenheimer following $1.66B financing
Published 01/17/2025, 08:16 AM
https://www.investing.com/news/analyst-ratings/plug-power-maintained-at-perform-by-oppenheimer-following-166b-financing-93CH-3818856

On Friday, Oppenheimer analysts maintained a Perform rating on Plug Power (NASDAQ:PLUG) (NASDAQ:PLUG) shares, acknowledging the company's recent completion of a significant financing milestone.

Plug Power has successfully concluded a three-year process to secure a $1.66 billion financing arrangement, which is poised to support project finance for up to six projects.

The company has announced that this financial backing will enable the restart of its Texas project, which had been on hold. Plug Power has also been actively engaging with various potential strategic partners concerning its hydrogen project pipeline.

According to Oppenheimer, Plug Power is expected to utilize the first draw of funds for the Texas project within the next three months and has a remaining 18-month window to finalize the project.

The successful closure of this financing is seen as a crucial endorsement of Plug Power's technology and the projects it has in development.

The analysts said "We see this announcement as a key validation of PLUG's technology and its pipeline. We expect investors to be looking for further detail and confirmation on its company level liquidity."

These aspects are likely to be addressed by the management during the upcoming fourth-quarter 2024 earnings call.

Stew, can you clarify? Are you expecting an increase in share price of $1.25-1.50, or that the share price will got to $1.25-1.50?

The reason I ask is because the following two statements seem contradictory to me:

"Just hope Plug doesn't gap up" and "should get a very nice pop today $1.25 to $1.50"

Just hope Plug doesn't gap up then should get a very nice pop today $1.25 to $1.50. JMHO

Banger - Today is January 17, 2025. On January 17, 2027, the Texas Plant will still not be generating revenues.

Plug Closes Loan Guarantee from the U.S. Department of Energy
January 16, 2025
https://www.ir.plugpower.com/press-releases/news-details/2025/Plug-Closes-Loan-Guarantee-from-the-U.S.-Department-of-Energy/default.aspx

Loan guarantee supports Plug’s domestic hydrogen production plant buildout

Plug’s Graham, Texas, plant first beneficiary of loan guarantee

SLINGERLANDS, N.Y., Jan. 16, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, closed a $1.66 billion loan guarantee from the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO).

“Finalizing this loan guarantee with the Department of Energy represents a significant step in the expansion of our domestic manufacturing and hydrogen production capabilities, which create many high-quality jobs throughout the U.S.,” said Plug CEO Andy Marsh. “In addition to reducing carbon emissions and enhancing the resilience of the U.S. energy grid, we believe the hydrogen economy aligns closely with national security interests, ensuring that the U.S. remains at the forefront of energy technology development and deployment on a global scale.”

The loan guarantee will help finance the construction of up to six projects to produce and liquify zero- or low-carbon hydrogen at scale throughout the United States. Plug’s Graham, Texas, green hydrogen plant, the first to benefit from this financing, will create hundreds of high-quality jobs. Powered by an adjacent wind farm, Plug’s green hydrogen production plant will utilize the company’s electrolyzer stacks manufactured at its factory in Rochester, N.Y., and its liquefaction and storage systems built at its facility in Houston.

The hydrogen economy is strengthening America’s energy independence, and securing U.S. leadership in clean energy innovation. Most importantly, the industry is a vital step toward bolstering the resilience of our energy grid and reducing reliance on foreign energy sources. By aligning with national security priorities, this initiative ensures the U.S. remains a global leader in cutting-edge energy technology and economic growth.

Plug’s current hydrogen generation network, with plants in Woodbine, Georgia, Charleston, Tennessee, St. Gabriel, and Louisiana has a liquid hydrogen production capacity of approximately 45 tons per day.

About Plug

Plug is building an end-to-end green hydrogen ecosystem, from production, storage, and delivery to energy generation, to help its customers meet their business goals and decarbonize the economy. In creating the first commercially viable market for hydrogen fuel cell technology, the company has deployed more than 69,000 fuel cell systems and over 250 fueling stations, more than anyone else in the world, and is the largest buyer of liquid hydrogen.

With plans to operate a green hydrogen highway across North America and Europe, Plug built a state-of-the-art Gigafactory to produce electrolyzers and fuel cells and is developing multiple green hydrogen production plants targeting commercial operation by year-end 2028. Plug delivers its green hydrogen solutions directly to its customers and through joint venture partners into multiple environments, including material handling, e-mobility, power generation, and industrial applications.

For more information, visit www.plugpower.com.

Jack
Do you think they will be able to sell the hydrogen they produce in TX?
The loan gives them the bridge needed to get those revenues as you well know
I am concerned they are going to initially fund the TX plant from their own reserves so they can get started in 2-3 months
18 months to production 
Hope the mystery investors come on board soon

It isn't a Loan.

It is a guarantee.

It is DEBT for Capex.

Not for Opex

More spending with no revenues

Plug Closes Loan Guarantee from the U.S. Department of Energy
January 16 2025
https://ih.advfn.com/stock-market/NASDAQ/plug-power-PLUG/stock-news/95265088/plug-closes-loan-guarantee-from-the-u-s-departmen

Major Boost for Plug Power! Big News That Could Change the Hydrogen Game
17 January 2025
https://zaman.co.at/en/news/major-boost-for-plug-power-big-news-that-could-change-the-hydrogen-game/1212382/

KR3 - There will be a spike tomorrow into next week, but every Plug Rally fades within days.

Thanks, Jack!

But AH not doing much. The high so far was only $2.93
What is your opinion? How high could go tomorrow? I hope at least 20%. Maybe I'm dreaming!

Not sure people expected an after hours post from the Dept of Energy.
With the $6Bn loan being given to RIVN this loan will get less PR and push back IMHO.

Congratulations 

Banger - I'm guessing another Nickel !  LoL 

Yes!

Talk about last minute…..

NOw to guess the open tomorrow - already touched 2.90 but suspect will be closer to $3.50 by the open