Plug Power Inc (PLUG) Quote

Biden finalizing DoE loans for Plug Power, Rivian before Trump returns - Bloomberg
Jan. 16, 2025 9:48 AM ET
https://seekingalpha.com/news/4395719-biden-finalizing-doe-loans-for-plug-power-rivian-before-trump-returns-bloomberg

Plug Power (NASDAQ:PLUG) +1.7% and Rivian Automotive (RIVN) +1.1% in early trading Thursday following a Bloomberg report that the Biden administration is poised to finalize billions of dollars in financing for the two companies before President-elect Trump returns to the White House.

The funding, which could be announced as soon as today by the Department of Energy, includes a loan guarantee of nearly $1.7B for Plug (PLUG) to build hydrogen plants that are key to the company's growth plans, according to the report.

The DoE also is expected to announce the closing of a federal loan to Rivian (RIVN) for the construction of a Georgia manufacturing plant, the report said, adding the exact amount of the loan is not clear but could be in the neighborhood of the $6.6B conditional commitment the Biden administration made in November.

Financing for the two companies comes as the DoE loan program - which effectively became a $400B green bank during the Biden presidency - is believed to be under threat from the incoming Trump administration.

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

I suspect that he will sign an executive order freezing all outgoing monies that have not been assigned as a matter of law. (Gone through Congress & signed by the President)
From there, being a businessman, I would imagine that everything will be scrutinized as to whether or not it's actually a good idea, rather than a good ideal.
Sounds like Vivek has already painted a bullseye on Rivian, but haven't seen anything about Plug from him.
But in the meantime, I'll take the flip if it does come through this week.
JMO

i will be very surprised if Trump doesnt claw back that money on day 1...

US to finalize billions in funding for Rivian and Plug before Trump
Wed, January 15, 2025
https://finance.yahoo.com/news/us-finalize-billions-funding-rivian-021727249.html

(Bloomberg) — The Biden administration is poised to finalize billions of dollars in financing for electric-vehicle maker Rivian Automotive Inc (RIVN). and hydrogen manufacturer Plug Power Inc (PLUG). before the Trump administration takes power next week, according to people familiar with the matter.

The funding, expected to be announced by the Energy Department as soon as Thursday, includes a loan guarantee of nearly $1.7 billion for Latham, New York-based Plug to construct hydrogen plants that are key to the hydrogen producer’s growth plants.

Steve - How many Multi-Billion Dollar projects get FID or Financing with :

NO Balance Sheet
NO Assets
NO Operations
NO Employees
NO Office

Steve, agree.

While nice to see there would have to be an infrastructure built. So far, people with hydrogen cars here have had nothing but problems with few fueling stations, high prices with many fueling stations out or closed down. You are left with an expensive toy. What is their solution for widespread adoption?

Looking at the AGA website does make one wonder. The team has 2 people. They talk about the leader having years in the oil and gas industry but does not mention with whom. Also, found it weird that they have a disclaimer for their website. ais it me or does that sound odd?

Is This Helping PLUG at All??
BMW has announced a shift away from electric vehicles (EVs),
revealing that it has made significant advancements in hydrogen engine technology.
The company highlighted its progress in hydrogen fuel cell development,
positioning it as a more sustainable alternative to traditional electric cars.
Unlike EVs that rely on heavy batteries, hydrogen-powered vehicles use lightweight fuel cells,
offering faster refueling times and a greater driving range.
BMW also emphasized the environmental benefits of hydrogen engines,
noting that they only emit water vapor, making them a promising solution for the
future of eco-friendly transportation and clean energy.
With this move, BMW aims to lead in green mobility, positioning hydrogen technology
as a key player in the future of sustainable vehicles.

I LOVE FROTH !

- DOE DOUGH
- AGA
- CPI

PUMP & DUMP.

Play PLUG accordingly.

December CPI +0.4% vs. +0.3% expected. Excluding food and energy +0.2% vs. +0.3 expected. Y/Y +2.9% as expected. Core CPI +3.2% vs. +3.3% expected.
Very positive reaction from markets so far.
Great timing for Plug Power PR, and hopefully, DOE loan soon.

KR3 - Yet Another NOTHING BURGER !

AGA - NO FID

- NO Money
- NO Assets
- NO Employees
- NO Office

3 Guys with a telephone. What a GREAT DEAL !

Yet Another MULAG, Gaussin, JM,

Plug Seals Monumental Deal with Allied Green Ammonia for a Mega 3 GW Electrolyzer System

Let's open above 3 bucks today!

https://www.ir.plugpower.com/press-releases/news-details/2025/Plug-Seals-Monumental-Deal-with-Allied-Green-Ammonia-for-a-Mega-3-GW-Electrolyzer-System/default.aspx

Yes, here you go.
Morgan Stanley analyst Andrew Percoco maintained a sell on PLUG today and has a target $1.75.
Go figure it out all. First, we went to $3.00 and after he opened his mouth we started sliding to $2.64
I think all was just played to lower the position for MM.
It's fine with me. Let's go first to $10 and after we can visit $1.75 again for Jack.
Green trades to all.

https://markets.businessinsider.com/news/stocks/cautious-outlook-on-plug-power-high-operating-losses-and-uncertainty-in-tax-credit-eligibility-drive-sell-rating-1034225279#:~:text=Plug%20Power%20(PLUG%20%E2%80%93%20Research%20Report,has%20a%20%241.75%20price%20target.

Repost from Stocktwits board, courtesy of PlayPlay.

Not sure what the expense of closing down Hyvia will be or if that is under a different ledger. WE know nat. gas was up a bit so that will not help as we eat that even though it is less. We are about 3 years behind where we should be at this point. Not sure what if any inventory we have sold or having to just write off. I hope we can cut cost on some of the facilities by finding partners. I'm not sure why our major clients could not share in the cost and equity of some of the new plants. That is where I'd look before any more toxic garbage. Unless Andy has shown some more progress on the bottom line and margins, I agree the loan will just buy time. We have to show a steady improvement and march to being profitable. If not, nothing really matters except they can still play the game and get their big checks. Will, Andy just squander this opportunity like the last time? Every time I hear him speak; I want to puke. Sick of the lies and grand promises that never happen.

BB - Wow. thank you for this information.

Fuel cell applications
Fuel cells are being used in transportation, power generation, and other applications $PLUG

Banger - I value Morgan Stanley's analysis more than yours...

I say Equity , because PLUG may be up to their eyeballs in DEBT, and no one will give them more.

Perhaps I should have said, TOXIC FINANCE , because that's all that PLUG can attract.

Not sure it will need $500m they were nearly down to $100m in Q4 and with more in house H2 provided and the new pricing for new hardware sales they will be in better shape. We will know more at the business update or the Q4 numbers.

Also why should it be equity financing?

"Despite this potential positive development (DOE loan guarantee), Morgan Stanley noted that the DOE loan would not immediately solve Plug Power's high operating losses.

The company is projected to require approximately $500 million in equity financing to cover these losses through the end of 2025.

The firm's analysis suggests that while the DOE loan could offer some respite, the company's financial challenges are far from over."

WTM - Here is something that has NOTHING to do with PLUG or Hydrogen !

https://finance.yahoo.com/news/tesla-pops-on-encouraging-ev-data-prospects-of-elon-musk-purchasing-tiktok-151812217.html

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.

WTM - What happened to Andy ?

The other day you told us Andy would be participating.

UBS Global Energy & Utilities Conference
From January 13, 2025 9:00 AM ET to January 15, 2025 4:00 PM ET
Park City, Utah
Andy Marsh, CEO | Kevin O’Brien, Manager Investor Relations

Maybe Andy is at the DOE collecting his Welfare Check.

Plug to Participate in UBS Global Energy & Utilities Conference
January 14 2025
https://ih.advfn.com/stock-market/NASDAQ/plug-power-PLUG/stock-news/95243959/plug-to-participate-in-ubs-global-energy-utiliti

Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, will participate in the 14th UBS Global Energy & Utilities Conference in Park City, Utah.

The UBS Global Energy & Utilities Conference is a premier event bringing together over 50 top executives from leading companies across the energy sector to provide insights into the evolving industry landscape. Featuring fireside chat discussions and one-on-one meetings, the conference offers a platform for exploring key trends and fostering strategic partnerships.

Plug Power’s participation highlights its leadership in the hydrogen economy and its commitment to engaging with the financial community. Sanjay Shrestha, President, and Kevin O’Brien, Manager of Investor Relations, will represent Plug at the conference, meeting with institutional investors managing over $400 billion in assets. Their discussions will focus on Plug’s strategic initiatives to advance green hydrogen solutions and capitalize on the opportunities within the rapidly changing energy landscape.

Further details on these appearances will be available in the Investor Resources section of the Company’s website: https://www.ir.plugpower.com/events-and-presentations/default.aspx.

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.

Plug Media Contact

Fatimah Nouilati
Allison
PlugPR@allisonworldwide.com

WTM - No mention of PLUG ? Hydrogen ?

NOTHING BURGER ?

Biden to issue executive order to ensure power for AI data centers
1/14/2025
https://www.msn.com/en-ca/news/world/biden-to-issue-executive-order-to-ensure-power-for-ai-data-centers/ar-BB1rqOeF

WASHINGTON (Reuters) - President Joe Biden will issue an executive order on Tuesday to provide federal support to address massive energy needs for fast-growing advanced artificial intelligence data centers, the White House said.

The order calls for leasing federal sites owned by Defense and Energy departments to host gigawatt-scale AI data centers and new clean power facilities - to address enormous power needs on a short time frame.

Biden said the order will "accelerate the speed at which we build the next generation of AI infrastructure here in America, in a way that enhances economic competitiveness, national security, AI safety, and clean energy."

The order also requires companies tapping federal land for AI data centers to purchase an "appropriate share" of American-made semiconductors. The number of purchases required would be worked out on a case-by-case basis for each project and comes as the Biden administration is spending more than $30 billion to subsidize U.S. chip production.

"It's really vital that we ensure that the AI industry can build out the infrastructure for training and using powerful AI models here in the United States," White House technology adviser Tarun Chhabra told reporters.

He noted the volumes of computing power and electricity needed to train and operate frontier models - a term for the most advanced AI models available - "are increasing rapidly and set to surge even more."

He said by around 2028 leading AI developers will be seeking to operate data centers with as much as five gigawatts of capacity for training AI models.

The Commerce Department said Monday it would further restrict AI chip and technology exports to keep advanced computing power in the United States and among its allies while finding more ways to block China's access.

"From a national security standpoint, it's really critical to find a pathway for building the data centers and power infrastructure to support frontier AI operations here in the United States, to ensure that the most powerful AI models continue to be trained and stored securely here in the United States," Chhabra said.

Biden also wants agencies to facilitate interconnection to the electric grid, address permitting obligations expeditiously, and advance transmission development around federal sites.

Chhabra noted AI systems developed today are already "demonstrating really remarkable capabilities for military applications or potential use, including really significant risks when it comes to engineering biological or chemical, radiological or nuclear weapons, for cyber attacks."

He added ensuring domestic data centers "will also prevent our adversaries from accessing these powerful systems to the detriment of our military and our national security."

Big Clean-Up Goes Green with a Fleet of 406 Hydrogen Trucks from GWM
January 14, 2025
https://www.hydrogenfuelnews.com/406-hydrogen-trucks-from-gwm/8569168/

On January 10th, 2025, GWM HYDROGEN-FTXT delivered 406 hydrogen-fueled sanitation vehicles in Baoding, China, marking a breakthrough moment for hydrogen energy innovation.

In farewell, Biden urges Trump to tackle China's overcapacity, clean energy dominance
Tue, January 14, 2025
https://www.yahoo.com/news/farewell-biden-urges-trump-tackle-093000035.html

Key Takeaways:

- US President Joe Biden emphasized the importance of the US winning the competition with China in clean energy supply chain and addressing China's "overcapacity" in the sector.

- Biden claimed that the US is in a stronger position in the long-term competition with China, thanks to efforts made during his tenure to protect American workers, technology, and investments in the country.

- The incoming US President Donald Trump may face challenges in continuing American efforts to counter China's dominance in clean energy manufacturing and critical material supply chains, as he has expressed skepticism about the need for clean energy and has vowed to repeal environmental initiatives launched by Biden.

Group closely eyeing hearings on 3 key Trump nominees in energy
Bipartisan clean energy group weighs in on choices to lead key agencies
Published: Jan 13, 2025
https://www.deseret.com/utah/2025/01/13/energy-pollution-utah-environment/

Key excerpts:

In a media briefing Monday, the group said it will be tracking hearings on Doug Burgum, a former GOP governor from North Dakota. The Donald Trump-selected nominee to lead the U.S. Department of Interior and the newly-formed National Energy Council hails from an oil and gas rich state. It is the nation’s third largest producer of crude oil in the country. He pioneered a program that gives North Dakota supremacy over carbon capture wells, the first state in the nation to do so. He also had a goal to make North Dakota carbon neutral by 2030.

He has a scheduled hearing Thursday before the Senate Committee on Energy and Natural Resources, after being moved from a Tuesday slot.

The group is also tracking Chris Wright’s nomination to lead the U.S. Department of Energy. The oil industry executive is likely to get strong pushback from Democrats and conservation groups. Wright, however, has served on the board of Oklo, a California developer of small modular nuclear reactors. Advanced nuclear technologies have enjoyed bipartisan support in three different presidential administrations, with a global race on to get them deployed and generating energy. Wright has a hearing Wednesday before a Senate committee.

Another nominee being closely watched is Lee Zeldin, tapped by Trump to lead the Environmental Protection Agency. Zeldin, a former GOP congressman from New York, backed Trump’s exit from the Paris Climate Accord. He has vowed to roll back regulations that he asserts stymie U.S. global energy independence. Zeldin, while in Congress, strongly advocated for tighter scrutiny of PFAS, or forever chemicals. Zeldin’s hearing is Thursday.

“We’re looking forward to hearing more this week, particularly with how the administration may take advantage of bipartisan policies and bipartisan investments that have been put in place over the last five years or so,” said Evan Chapman, senior director of policy for Clean Tomorrow. “Clean energy and energy growth is not a partisan issue here, and we’re excited about the opportunities that will be presented over the next couple years.”

Chapman cited Wright’s experience in working with “cutting edge clean technologies” and involvement in helping the DOE bring clean tech innovation to a commercial scale.

WTM - Do you know what really looks BAD for PLUG ?

- NO DOE DOUGH !

- NEEDING DOE DOUGH TO STAY ALIVE.

- $2.71 AFTER 25 YEARS !

Repost from Stocktwits board, courtesy of Gio_F.
Another poster, B_B , who occasionally also posts here, had a very similar post.

I believe this is a trend in the hydrogen sector for the next couple of years: PEM Electrolyzers are going to gain market share over Alkaline Electrolyzers.

The Norwegian electrolyzer producer Nel ASA issued a press release today. Note: Nel ASA produces both Alkaline Electrolyzers (75% of their ELX revenue) and PEM Electrolyzers (25% of their ELX revenue).

In this press release they specifically write two things:

- About Alkaline:
"Nel has limited need to produce new alkaline electrolyser equipment in the near-term and will adjust its production and organizational capacity correspondingly."

- About PEM:
"Nel sees good near-term opportunities to sell containerized PEM systems."

Source: https://nelhydrogen.com/press-release/nel-asa-adjusts-capacity-to-market-demand/

I think this is a trend we will continue to see and this is bad news for Nel ASA and actually good news for PEM Electrolyzer producers like Plug Power and ITM Power.

Pump & Dump - Nice Chart !

JB, thanks for clarifying. That makes more sense to me, as next week the Trump administration takes over.

WTM - Ha Ha Ha ... Has Andy EVER been right about ANYTHING ?

Andy said, "by the 19th" ! He didn't specify which month.

JB, did he say "next week" or "by next week"?

In his speech today, Andy said "next week" for the DOE Dough.

Next Week, Next Week, Next Week ....

This reminds me of the Georgia Plant...

UK, thanks.

I was hoping we would hear today, may be first thing in the morning.
I have $2.50 calls for 1/17 so pretty confident

that article was written today?...then why the heck did they say this? :

"As of now, Plug Power's shares are trading at $3.15"

Plug hasnt hit $3.15 since 1-7-25...and its been downhill since then...

UK, how confident are you on the DOE getting finalized?

JB, thanks. I've been adding to my long position. I was surprised it opened lower, which I considered a gift, and an opportunity to add more shares to my position.

WTM - None of your business ?

I finished 2024 with a neutral position, and I am creating a straddle for 2025.

PLUG is a $2.00 stock so the Downside is limited. But if Plug gets the DOE monies I will let my 2025 position ride until Earnings.

I see the DOE Dough as the positive, and Earnings and a possible TOXIC Financing as the downside catalysts.

JB, have you covered your short positions on PLUG yet?

WTM - This headline didn't age very well.

Biden Loosens Rules for Hydrogen Subsidies Worth Billions $PLUG
https://finance.yahoo.com/news/biden-loosens-rules-hydrogen-subsidies-135623820.html

Exclusive Interview: Plug Power CEO Andy Marsh on Green Hydrogen's Future

The Hydrogen Podcast
1.49K subscribers
Posted 3 hours ago

WTM - NOTHING BURGER.

As the market took the time to understand the revised 45v rules and saw that liitle had changed regarding PLUG, this Rally too has faded.

Plug Power's Stock Skyrockets as U.S. Treasury Updates Hydrogen Tax Credit Rules, Bolstering Investment in Clean Hydrogen Development
13 January, 2025
https://folikoinsights.com/article/PLUG/2025/01/13/plug-powers-stock-skyrockets-as-u-s-treasury-updates-hydrogen-tax-credit-rules-bolstering-investment

Key Takeaways
- Plug Power's stock experienced a notable increase after favorable government guidance on hydrogen production incentives.
- A substantial loan from the U.S. Department of Energy supports the company's clean hydrogen projects.
- The firm successfully fulfilled its initial customer order for liquid hydrogen, demonstrating market readiness.
- Current share prices reflect positive investor sentiment towards the green hydrogen industry.
- The company is positioned for significant long-term growth in the expanding hydrogen market.

Plug Power's stock has experienced a dramatic surge, rising approximately 23.18%, as of last week, following the U.S. Treasury's final guidance on the 45V Production Tax Credit. This new policy allows companies to qualify for up to $3 per kilogram for hydrogen production based on carbon emissions, significantly benefiting Plug Power and its ambitions in the green hydrogen market.

The company, which focuses on the green hydrogen supply chain by manufacturing fuel cells and electrolyzers, recently took a major leap forward by securing a $1.6 billion loan commitment from the U.S. Department of Energy. This funding is expected to bolster its clean hydrogen development efforts.

Despite the upbeat news and the rising interest from investors, Plug Power is facing challenges in meeting hydrogen supply demands, albeit it has successfully completed its first customer order for liquid hydrogen. The recent price increase reflects renewed investor confidence driven by the restructured tax incentives, underscoring the optimism surrounding a greener hydrogen future.

As of now, Plug Power's shares are trading at $3.15, marking a robust interest from the market. Investors should closely monitor the impact of the new tax credits as Plug Power continues to navigate through supply chain challenges and leverages funding to solidify its position in the burgeoning clean hydrogen sector.