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PLUG News

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PLUG Discussion

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B_B! B_B! 4 minutes ago
I think Andy Marsh will retire from Plug Power in 2027/2030.
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Jack_Bolander Jack_Bolander 7 minutes ago
PLUG is running out of cash so fast they had to increase and accelerate the ATM. PLUG is quickly BLEEDING to Death. imo

This is very Serious !
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Jack_Bolander Jack_Bolander 44 minutes ago
WTM - While we are at it , We need to get rid of Andy as well.

Andy has ZERO Credibility, and analysts chuckle and roll their eyes whenever he speaks and especially when he goes off script.

Paul should have been FIRED with the Accounting Debacle, especially after it took months to correctly account for less than 300 transactions. The FACT that Paul is still here shows that no one wants that job. Especially with this week's numbers.

Ironically, the one guy who should be leading this Train Wreck has left ... Ole.
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WeTheMarket WeTheMarket 2 hours ago
UK, agree, Paul should go, and I would say Sanjay Shrestha should go as well, for his poor decision making related to Plug Power's hydrogen production strategy and repeated lies on the Georgia hydrogen plant start of production.
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uksausage uksausage 2 hours ago
The fiasco over the ATM implementation certainly should lead to Paul M resigning. It is all the CFO’s business to handle that properly and getting a legal opinion as to whether the shares are legally registered (because they used the ATM faster than allowed) is the nail in his coffin IMHO

surprised the share price isnt much lower today.

If the $302m was raised to give us the cash to last through say end Q2 or Q3 then it may have been worth it. we will find out Friday. As the price will fall on the margin/loss for Q4 numbers hey raised the cash with higher price - and the market seemed to absorb the $11m a day.
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uksausage uksausage 2 hours ago
good example of Oil and gas companies trying to live off government subsidies.

you would think they could survive without handouts…
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uksausage uksausage 2 hours ago
not sure this is news Jack. just restating what is generally known.

However government subsidies are still being paid to oil and gas companies so why would they stop to Hydrogen companies in the future?

The “produce at the point of consumption” will gradually reduce but may influence a number of FID this year. As electrolyser costs fall, and technology makes production on site in smaller quantities easier adoption for transportation (of all types) will be more economical. I am wondering if the Ford and Uline deals included on site electrlyzers.

IMHO the one area of costs I'm not sure is being addressed is the storage and dispensing costs I see a fragmented market of standards which will stop economies of scale reducing costs.
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B_B! B_B! 2 hours ago
Plug Power Expands Stock Offering, Strengthens Finances
Feb 24, 2024

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173916617
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B_B! B_B! 3 hours ago
Plug's agent B. Riley has the incentive to short Plug's shares as soon as Plug provides a 'commitment advance notice', leading to selling pressure on Plug's stock


Plug Power: The Importance Of The March 1 Q4 Results
Feb. 24, 2024
…..
Plug's agent B. Riley has the incentive to short Plug's shares as soon as Plug provides a 'commitment advance notice', leading to selling pressure on Plug's stock
…..
With an average daily volume of 54.44M and 27 trading days since the 17th of January, this gives us a total volume of 1,470M. So in our scenario of a maxed-out facility, this means that Plug's sales could be a percentage of 2.9% of the total volume during the time when the ATM facility was active. This does not look like a big deal, but mind you that this 2.9 percent is sales only, while the market is balanced by definition (if there are more shares offered for sale than there are demanded for purchase, the price simply drops). Adding insult to injury is that Plug is a seller at literally any price, comparable with a no-limit order. As such, the recovery of Plug Power's share price since the 23rd of January has been a double blessing for its shareholders, as the company needs to sell double the amount of stock at a $2 share price than it needs to do at $4.

As I already mentioned earlier, on 'up' days, Plug's volume of number of shares traded has often been high since the 17th of January, but on 'down' days it has been relatively low. This could be heavily influenced by the ATM facility. If Plug sells $10M of its shares on an 'up' day with a volume of 100M, its 4M of volume is only 4 percent. But if Plug sells $10M of its shares on a down day with only 40M of volume, its share of daily volume is as high as 10 percent. This makes fluctuations on low volume days likely as a result of the ATM facility, and could aggravate share price drops.

Note: of course, this exercise is purely theoretical. B. Riley is likely already shorting Plug's stock before Plug uses the ATM facility, but B. Riley also has to initiate its short position sometime, which the company has likely done in a professional manner. So the average daily volume matters much more than the volume on a single day during which Plug exercises the ATM facility to the max, even if this is a day with low volume. B. Riley will likely spread out its sales (or the initiation of a short position) over the week. Both B. Riley and Plug Power have an incentive to create high liquidity and high volume, as this will make it easier to get a bunch of sell orders filled on the open market for a predictable price. I also expect B. Riley to be more willing to allow Plug to use the facility on multiple consecutive days if the market volume is high.

Short interest

Plug Power's short interest was already high, but after the announcement of the ATM facility it took a sharp turn upwards, as you can see in the graph below. It could be that this was because B. Riley opened short positions in Plug's stock, which it would likely be wise to do, but it could also be that other investors opened new short positions or started hedging.
…..
https://seekingalpha.com/article/4673139-plug-power-the-importance-of-the-march-1-q4-results
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Jack_Bolander Jack_Bolander 3 hours ago
Steve - We agree : It's funny that Andy called for a Short Squeeze, when he knew PLUG would be flooding the market with MILLIONS of new shares.

Not only No Squeeze , but More Dilution.

I love it when a Plan comes together.

Is this the surprise announcement Andy was hinting at ? LOL
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scubastevemd scubastevemd 4 hours ago
After Andy told us we were not using the ATM. I would call that a blatant lie to shareholders. I can almost guarantee that B. Riley is dumping and shorting at the same time and Andy does not care as long as he gets his money. He definitely should be sued for lying to us all once again. I don't think a disclosure statement should cover this one!
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Jack_Bolander Jack_Bolander 4 hours ago
WTM - This is BAD NEWS !

And even WORSE NEWS for a company like PLUG who is only in the Hydrogen Sector.

At least Exxon has its Oil & Gas businesses.
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WeTheMarket WeTheMarket 4 hours ago
Exxon warns Baytown, other hydrogen projects unlikely under federal draft rules
Feb 22, 2024
https://www.houstonchronicle.com/business/energy/article/exxon-baytown-hydrogen-tax-credit-biden-18677668.php

Relevant excerpts:

New tax rules

Not all clean hydrogen developers are worried about the tax rules.

British industrial firm Linde announced early last year, months before the draft tax credit rules were released, that it was going to start construction on a $1.8 billion blue hydrogen facility in Beaumont. And Pennsylvania-based Air Products said in November it would go ahead on building a $4.5 billion blue hydrogen plant in Louisiana.

But the majority of clean hydrogen projects, of which there are dozens in the works around the country, are on hold waiting to see if the Treasury Department loosens up the rules around claiming the hydrogen tax credit, said Frank Wolak, president of the Fuel Cell & Hydrogen Energy Association.

“Companies with captive customers who want to get ahead of the curve are building” he said. “But most projects are waiting for the final guidance to see if they’re economic. Right now theres a lot of things proposed and planned but not a lot of (final investment decision).”

The Biden administration has come under increasing pressure from environmentalists around hydrogen fuel, with groups like the Sierra Club advocating for only hydrogen facilities that build their own renewable energy facilities — not using existing ones — to receive federal subsidies.

But companies like Exxon, which is slated to make a final investment decision on its Baytown project this year, are pushing them to allow some flexibility in the early stages, lest this hydrogen energy push suffer the same failures as past efforts.

“When we look at the market it’s blue hydrogen. It’s what is available today to deliver those clean energy goals,” Klewpatinond. the Exxon executive said. “Green hydrogen may play a part in the future, but it has challenges to scale up. Blue hydrogen is expensive but green hydrogen is even more expensive.”

So far, the Biden administration has indicated some willingness to negotiate, with Energy Secretary Jennifer Granholm saying at an event in Washington Wednesday the administration was, “asking sincerely for input.”

And they’re feeling pressure from more centrist Democrats, including Senators Sherrod Brown of Ohio, Joe Manchin of West Virginia and Bob Casey of Pennsylvania.

“When developing the Inflation Reduction Act, we intended for the clean hydrogen incentives to be flexible and technology-neutral. Treasury’s draft guidance does not fully reflect this intent,” Sen. Tom Carper, D-Del., said in a statement late last year.

The administration last year released a roadmap projecting 10 million tons of clean hydrogen production a year by 2030, enough to replace most existing carbon-polluting hydrogen plants. And it has committed to distributing $7 billion to seven hydrogen hubs around the country, including the one in Houston.

But energy analysts are projecting the clean hydrogen market will take longer to develop, likely a decade or more, beginning with existing hydrogen customers such as refineries and chemical plants and only later expanding into transportation.

“It’s only the last couple years we’ve been doing this. Its important to remember that,” John Larsen, a partner at the research firm Rhodium Group, said at an event in Washington earlier this month. “Hydrogen wasn’t a real option before (the tax credit) and now it is.”
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WeTheMarket WeTheMarket 4 hours ago
Two Plug Power partners ABB and Nikola, mentioned in the following recent article.

Leading US Green H2 Energy & Transportation Bair Energy, CEH & GameChange Solar Sign Long-Term Sole Source Contracts
February 22, 2024
https://www.einpresswire.com/article/690387288/leading-us-green-h2-energy-transportation-bair-energy-ceh-gamechange-solar-sign-long-term-sole-source-contracts

ABB to electrify two plants in North America set to produce 60 tons of green hydrogen daily
2022-03-10
https://new.abb.com/news/detail/88671/abb-to-electrify-two-plants-in-north-america-set-to-produce-60-tons-of-green-hydrogen-daily

Highlights
- ABB to deliver electrical systems for two new hydrogen plants of Plug Power Inc. in North America, including the continent’s largest
- Plants set to jointly produce 60 tons of green hydrogen daily to replace some 170 tons of fossil fuels in logistics and transportation sector
- ABB solutions help make green hydrogen production more affordable, accessible and sustainable
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Jack_Bolander Jack_Bolander 4 hours ago
More Bad News :

Hydrogen hub hopes

Last year, Exxon Mobil announced it would be part of a team planning to build the largest clean hydrogen facility in the world in Baytown. Now, the company's executives are warning the project at its refining and petrochemical complex along the Houston Ship Channel might no longer happen, writes reporter James Osbourne.

At issue are draft rules issued by the Treasury Department late last year, which include no incentive to produce clean hydrogen fuel using natural gas with reduced methane emissions.

That would limit Baytown and other proposed blue hydrogen projects, which convert natural gas to hydrogen fuel and store the resulting carbon emissions underground, to the lowest tier of hydrogen tax credit, making them less economic, said Mark Klewpatinond, global business manager for hydrogen at Exxon Mobil.

Exxon is part of the HyVelocity Hub, a coalition of energy companies and nonprofits seeking to develop a clean hydrogen hub in Houston through $1.2 billion in funding from the Department of Energy. The warning from Exxon and other hydrogen developers comes amid questions about whether the tax credit included in 2022's Inflation Reduction Act will be enough to get the nascent industry off the ground.
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Jack_Bolander Jack_Bolander 4 hours ago
More Bad News :

From another Board:

"Hydrogen as a fuel makes zero sense. The only way in which any of these schemes will make any money is through government subsidies. As soon as the subsidies stop, or if the support is loans instead of grants, so will the hydrogen.
This is an idea that gets floated once a decade, every decade since at least the 70s and is (in the past) quickly slapped back down where it belongs by the laws of thermodynamics, chemistry and material science.
This time there's massive propaganda money pushing it, certainly in the hopes of generating returns in the form government largesse. Also, it is cover for the wind/solar scheme as the public and even some decision makers are finally realizing that there is no viable battery technology that can make up for the unreliable nature of wind and solar on a reliable grid. So after 20 years of promising magic batteries, they've switched to promising magic hydrogen.
H2 is almost impossible to store, it embrittles most materials, it burns with an invisible flame and it has a ridiculously low volumetric energy content, unless one cools it to temperatures not far off of absolute zero.
The round trip ecomonics of hydrogen are breathtakingly terrible.
The only places where H2 generation makes any sense is for the production of ammonia based fertilizers and to use as feedstock for synthetic hydrocarbon fuels. But in those two cases, the H2 must be used in the same facility in which it is produced. The moment you've committed to transport H2, you've lost all economic feasibility."
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B_B! B_B! 9 hours ago
FORD EV PARTNER SK GETS CONDITIONAL LOAN FOR WAFER FACILITY
By Brett Foote February 22, 2024

Though demand for EVs has tapered off as of late, most remained confident that things will eventually turn around, and that includes Ford EV partner SK On, which is a subsidiary of SK Innovation. In fact, that battery maker has signed quite a few deals aimed at rapidly expanding its raw materials supply chain as of late. Now, SK Siltron – another subsidiary of SK Innovation – has secured a loan from the U.S. Department of Energy (DOE) as well, joining Ford and SK’s joint venture BlueOval SK, as well as other Ford-backed companies like CelLink, Solid Power, and Redwood Materials.

SK Siltron CSS – which manufactures silicon carbide (SiC) wafers – has announced that it has secured a conditional commitment from the DOE for a loan of up to $544 million, which will be used to increase manufacturing capacity at the company’s Bay City, Michigan facility and create up to an additional 200 jobs – resulting in an estimated total of 450 workers by 2027. These funds are part of the Advanced Technology Vehicles Manufacturing (ATVM) Loan Program administered by the DOE’s Loan Programs Office (LPO), and are intended to expand American manufacturing of high-quality SiC wafers, a key component in EV electronics.
…..
https://fordauthority.com/2024/02/ford-ev-partner-sk-gets-conditional-loan-for-wafer-facility/


FORD EV JOINT VENTURE GETS BIG BOOST WITH NEW DOE LOAN
By Edward Snitkoff June 22, 2023

The ongoing pivot to fully electric vehicles requires a significant outlay of cash from automakers and any entity tangentially connected to the shift. Ford expects to lose money on its EV operations for several years until its second generation EV lineup rolls out, as those models are expected to be profitable. The biggest expenditures right now involve the significant financial outlays required to build all-new plants and to reconfigure old facilities for EV production. But a U.S. Department of Energy program will now directly help the Ford EV pivot and its joint venture with SK On, BlueOval SK, fund its upcoming EV plants, as the agency announced it will loan $9.2 billion to the JV, per Reuters.

The conditional commitment for the low-cost loan comes from the Advanced Technology Vehicles Manufacturing program and will cover the vast majority of the expected cost of the three facilities it covers: BlueOval City in Stanton, Tennessee and BlueOval SK Battery Park in Glendale, Kentucky. BlueOval City will be a vehicle manufacturing facility responsible for the Ford T3 EV pickup, which the company officially announced earlier this year. That fully electric pickup is most likely the second generation Ford F-150 Lightning, and Ford CEO Jim Farley has all but outright stated that it will be a technologically sophisticated pickup, comparing it to the Millennium Falcon. BlueOval SK Battery Park, on the other hand, will manufacture batteries, with two factories on its campus. Information from the original announcement indicated that Ford and SK expected to spend $11.4 billion to build all three facilities, so this new loan is a significant assist for the project. Both sites are expected to come online in 2025.
…..
https://fordauthority.com/2023/06/ford-ev-joint-venture-gets-big-boost-with-new-doe-loan/
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B_B! B_B! 9 hours ago
Bill Gates Thinks Wealthy Investors Should Risk More on Clean Energy Solutions
By Felicity Bradstock - Dec 12, 2023

https://oilprice.com/Energy/Energy-General/Bill-Gates-Thinks-Wealthy-Investors-Should-Risk-More-on-Clean-Energy-Solutions.html
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B_B! B_B! 9 hours ago
Bill Gates: How I Invest My Money in a Warming World
Sábado, 02/Dic/2023
.....
Let’s start with what rich individuals, like me, can do to help. Wealthy investors have the capital to take risks, and indeed, should be taking more of them. They should be investing in companies that are developing transformative green solutions — especially solutions that have potential but are currently underfunded, including green hydrogen and carbon management. Seven years ago, I created a fund with other high-net-worth people to back companies whose products could cut at least 1 percent of the world’s emissions — knowing full well that most of the companies we’d invest in would fail. But I also knew that it was a risk worth taking.
.....
https://www.almendron.com/tribuna/how-i-invest-my-money-in-a-warming-world/
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B_B! B_B! 9 hours ago
Some more old lame posts 🤣
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igotthemojo igotthemojo 10 hours ago
the ceo set up the potential sale of a billion dollars worth of shares....he sells $300 million worth, then says "oh my bad, i sold too much"...then he amends the filing to allow him to sell much more, even faster. AND RESETS THE DEAL BACK TO A BILLION DOLLARS!...lol

looks to me like he wants the ability to sell fast and furious before earnings come out...

if i was holding shares in this stock, id be freaking FURIOUS!...

luckily i only trade it because holding it never made any sense...
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Jack_Bolander Jack_Bolander 13 hours ago
It's funny that Andy called for a Short Squeeze, when he knew PLUG would be flooding the market with MILLIONS of new shares.

Not only No Squeeze , but More Dilution.

I love it when a Plan comes together.

Is this the surprise announcement Andy was hinting at ? LOL
👍️ 1
igotthemojo igotthemojo 18 hours ago
"Plug needs cash, but maybe there was more demand from large/institutional/existing investors (dark pools)."

theres plenty of shares to be had on the open market....if big instutions really want to buy more shares, it looks like after earnings they will be ale to get all they want...and then some...

but m guessing instead of buying, they might just be dumping as well...
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Jack_Bolander Jack_Bolander 1 day ago
B_B - Seriously ? More Demand ?

Have you noticed the share price lately?

There is NO Shortage of PLUG shares to buy. The PLUG share price is in Free Fall because their are many more sellers than buyers. The Saudis ... Even PLUG is Dumping.

Nice try. You do better posting old , outdated information than you do trying to post lame spins.

😔 1
B_B! B_B! 1 day ago
Plug needs cash, but maybe there was more demand from large/institutional/existing investors (dark pools). Hopefully SK added some more shares.
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igotthemojo igotthemojo 1 day ago
“Plug/Riley can raise max $180 million (6 times $30 million).”

Sounds like plug needed a lot more cash than they were allowed to generate…so they sold way more than they were allowed to simply out of need and have now raised the amounts they can sell hoping it will make it all look ok retroactively…lol

And they hit the reset button and are starting back at $1 bil as if nothing was ever sold…

These moves and the whole situation smacks of desperation…

Maybe posting a few more obscure articles or opinions from bloggers about how wonderful hydrogen will be, will help…
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Jack_Bolander Jack_Bolander 1 day ago
B_B - Pretty Bleak !

OLD NEWS ?

Even PLUG is Dumping shares !

New 52 WEEK LOWS ? Very Soon.
👍️0
B_B! B_B! 1 day ago
Plug Power Annual Business Update January 23, 2024 Call Transcript

Andy Marsh
.....
Addressing the critical issue of cash management and resolving our going concern is now our foremost priority. Our approach to cash management doesn't imply holding our growth. Rather, we're focusing on growth that can enhance cash generation. This has been a key focus since the beginning of the fourth quarter.
.....
Bill Peterson
.....
And I guess following that, if you're able to raise -- if you're using the ATM, you're able to raise, let's say, I don't know, $150 million to $200 million by February or whenever you have to file the 10-K, would that be enough for your auditors to sign off on removing the going concern?
.....
Paul Middleton
.....
I would say this, let me be first and foremost clear, we are focused on resolving the going concern issue. That's our -- I mean, that is our priority.
.....
I hate to say to say definitively because we're still in the audit process and closing and we file on February 29th, but – so there's still some exercises to go through. But we think that this takes us a long way and puts us in a good position.
.....
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173683892
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Jack_Bolander Jack_Bolander 1 day ago
B_B - PLUG is running out of cash so fast they had to increase and accelerate the ATM. PLUG is quickly BLEEDING to Death. imo

This is very Serious !
👍️0
B_B! B_B! 1 day ago
$302 million ???
($122 million more than the max ATM)

The maximum amount was not to exceed $30 million per week.
17 January - 23 February is almost 6 weeks.
Plug/Riley can raise max $180 million (6 times $30 million).


January 17, 2024 Form8-K Current report filing
The Company will have the right, but not the obligation, from time to time at its sole discretion over the 18-month period beginning on the date hereof to direct B. Riley on any trading day to act on a principal basis and purchase up to $10,000,000 of shares of its common stock as set forth in the Sales Agreement; provided, however only one principal sale may be requested per day, and in no event on consecutive calendar days, unless otherwise agreed to by B. Riley. Notwithstanding the foregoing, the aggregate amount of shares of common stock that the Company will direct B. Riley to sell as principal in principal transactions (inclusive of any shares sold by B. Riley in agency transactions) in any calendar week shall not exceed $30,000,000.
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001093691/41d7df8e-7f54-407c-b6c7-67583b9a7ac1.pdf
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B_B! B_B! 1 day ago
As of February 23, 2024, the Company had offered and sold 77,417,069 shares of Common Stock having an aggregate offering price of approximately $302,073,006 under the Original Agreement. The Amendment increased the aggregate offering price of common stock the Company may offer and sell pursuant to the Sales Agreement by $302,073,006 to $1 billion

February 23, 2024 Form8-K Current report filing
As previously disclosed, on January 17, 2024, Plug Power Inc. (the “Company”) entered into an At Market Issuance Sales Agreement (the “Original Agreement”) with B. Riley Securities, Inc. (“B. Riley”), pursuant to which the Company may, from time to time, offer and sell shares of the Company’s common stock, par value $0.01 per share (“Common Stock”), through or to B. Riley, as sales agent or principal, having an aggregate offering price of up to $1.0 billion in an “at the market offering” as defined in Rule 415 promulgated under the Securities Act of 1933, as amended (the “Securities Act”). On February 23, 2024, the Company and B. Riley entered into Amendment No. 1 to the Original Agreement (the “Amendment” and, together with the Original Agreement, the “Sales Agreement”) to increase the aggregate offering price of shares of Common Stock available for issuance under the Original Agreement.
As of February 23, 2024, the Company had offered and sold 77,417,069 shares of Common Stock having an aggregate offering price of approximately $302,073,006 under the Original Agreement. The Amendment increased the aggregate offering price of common stock the Company may offer and sell pursuant to the Sales Agreement by $302,073,006 to $1 billion.

In addition, the Amendment increased the number of shares of Common Stock that the Company has the right, but not the obligation, from time to time at its sole discretion, to direct B. Riley on any day to act on a principal basis and purchase from the Company from $10,000,000 to $11,000,000 (the “Maximum Commitment Advance Purchase Amount”), and increased the aggregate amount of shares of Common Stock that the Company may direct B. Riley to purchase as principal in principal transactions (including any shares sold by B. Riley in agency transactions) in any calendar week from $30,000,000 to $55,000,000 (the “Maximum Commitment Advance Purchase Amount Cap”).

https://d18rn0p25nwr6d.cloudfront.net/CIK-0001093691/166bb4fc-39ed-4aad-896e-b981dc53a3fd.pdf
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B_B! B_B! 1 day ago
Plug Power Expands Stock Offering, Strengthens Finances
Feb 24, 2024

Plug Power Inc. has expanded its market offering by amending its Sales Agreement with B. Riley Securities, allowing for an increased sale of common stock up to $1 billion. This comes after the company already sold over 77 million shares, totaling around $302 million. The amendment also ups the daily and weekly limits for stock purchases B. Riley can make as a principal. Additionally, B. Riley benefits from a commission on sales and is indemnified by the company, which also covers certain expenses. This move is part of Plug Power’s strategy to strengthen its financial position, leveraging an automatic shelf registration statement effective since June 2023.
…..
https://www.tipranks.com/news/company-announcements/plug-power-expands-stock-offering-strengthens-finances
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Jack_Bolander Jack_Bolander 2 days ago
PLUG NEWS ONLY GETS WORSE !

"There is a reason Plug attached a legal opinion to the 8k.....imagine Plug management directed B Riley to sell $11 mill of securities every day since Jan 17, knowing only $10 mill could only be sold every other day to a max $30 mill per week......essentially $25mill per week of securities were sold that were not registered to be sold...and management knowingly engaged in the practice." This is very serious !

PLUG is running out of cash so fast they had to increase and accelerate the ATM. PLUG is quickly BLEEDING to Death. imo
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igotthemojo igotthemojo 3 days ago
"it could drop below $3 tomorrow!"

and it sure did...
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B_B! B_B! 3 days ago
Plug Power deal with Uline 'highlights high economic value of hydrogen' - RBC Capital
Author Sam Boughedda Published Feb 23, 2024

Plug Power (NASDAQ:PLUG) announced an expanded partnership with Uline on Friday that will see PLUG's hydrogen infrastructure and fuel cell solutions deployed at Uline's campus in Kenosha, Wisconsin.

The company stated that the expanded partnership includes the integration of on-site hydrogen infrastructure with the installation of an 18,000-gallon hydrogen storage tank and 17 hydrogen dispensers to service four distribution centers within the campus.
It also incorporates the addition of 250 fuel cell forklifts that will operate on hydrogen generated on-site through Plug's state-of-the-art infrastructure.

Reacting to the news, analysts at RBC Capital said that despite the higher costs to the customer, hydrogen fuel cells are still preferred over battery alternatives, and "this highlights the high economic value of hydrogen in certain applications."

Importantly, Plug indicated that the Georgia plant margins are positive and approaching company-wide gross margin targets and it is also expected to produce positive cash flow in 2024," the analysts added. "PLUG expects the project to have positive margins, approaching its total company gross margin target, and will produce positive cash flow in 2024."

The analysts maintained a $3.50 price target on PLUG shares.

https://www.investing.com/news/stock-market-news/plug-power-deal-with-uline-highlights-high-economic-value-of-hydrogen--rbc-capital-432SI-3313448
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Penjamin Penjamin 3 days ago
That scenario didn't work out to well.
The company plays themselves like a penny stock trying go up on unsubstantiated news.
I'd be surprised if the stock doesn't sink
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velcro velcro 3 days ago
JB, yes Andy reads like a bad book.
ANDY: "How can we fool them today?"
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Jack_Bolander Jack_Bolander 3 days ago
Nice Chart !

Just like Yesterday !
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WeTheMarket WeTheMarket 3 days ago
Hydrogen Colors Are Dead! The Real Metric Is Full Value Chain Carbon Intensity.

The Hydrogen Podcast
1K subscribers
Posted Feb 22, 2024

In episode 291, Wood Mackenzie makes a valid point to move past the hydrogen color rainbow. I'll go through the report and give my thoughts on today's hydrogen podcast.

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miraculus miraculus 3 days ago
Every day the same. Starting high and after a short time falling like a stone.
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B_B! B_B! 3 days ago
Green hydrogen fuel getting cheaper at port of Rotterdam
23/02/2024

According to at least one measure, the cost of green hydrogen at the port of Rotterdam has come down to the extent that it is, at times, cheaper than grey – an encouraging development for the adoption of green fuels.
.....
https://theloadstar.com/green-hydrogen-fuel-getting-cheaper-at-port-of-rotterdam/
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B_B! B_B! 3 days ago
How can another multi-million material handling contract ( the second in a week) be like Mulag,

I think Plug suffered collateral damage from this week's renewable stocks crash (SolarEdge, Sunrun, Lucid, Rivian, etc.).
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Jack_Bolander Jack_Bolander 3 days ago
HEARD IN THE CORNER OFFICE IN LATHAM, NY:
(Thursday 5:01 pm)

ANDY : Everybody, in my office, Now !

ANDY : OK, What is our plan for Damage Control. When we announce 2023 Financials ?

PR: Well Boss, we are going to tell them about a bunch of little deals. Flood the airwaves with news.

ANDY : That sounds good, what about the Major Announcement, do we have anything?

PR : That’s gunna be a problem Boss, since the Update call, we have nothing Major happening…. Can we just say that the Major Announcement will be coming in conjunction with the Symposium…

ANDY: Yeah, that worked before with the Mega-Deal we never did… We can say it’s still in the works … They may not like it, but it gives us some time.

PR: Yes, and we have already got the run up in the share price, by just announcing the auto company and Uline deals.

ANDY: (After PR leaves the room) Fire those PR idiots, they have totally mishandled this Earnings thing and the market is going to jump all over us. And our share price gets crushed every time we issue a Press Release.

ANDY : And who puts out a PR on a Major Deal and leaves out the Customer's Name ?
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Jack_Bolander Jack_Bolander 3 days ago
ruke - Wow. An Expensive Hydrogen Fueled Engine that POLLUTES ! And costs $200 to refuel ?

Can this news get any better ?

Toyota is paying you to buy their Mirai already. Now we can get one that Pollutes ?

So much for ZEV.
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B_B! B_B! 3 days ago
Plug’s hydrogen infrastructure to support the entire campus is set to be commissioned and fully operational within the next ten months, with the first new distribution center in the campus slated to be completed this year. Uline plans to construct three more buildings over the next several years as part of the strategic campus build out.

https://www.ir.plugpower.com/press-releases/news-details/2024/Plug-and-Uline-Expand-Partnership-to-Supply-Hydrogen-and-Fuel-Cells-at-Four-Additional-Sites/default.aspx
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ruke ruke 3 days ago
https://www.motor1.com/news/706930/toyota-developing-new-combustion-engines/
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Jack_Bolander Jack_Bolander 3 days ago
We knew this PR was coming:

Max - Without some positive news, we will be below $3.00 BEFORE the Earnings Report.

Tomorrow will be interesting, because the sharks are dining on the carcass, but there will be some Friday profit-taking.
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uksausage uksausage 3 days ago
How long do you expect installing an 18,000 gallon tank and associated infrastructure to take.

From what we have seen there is a lead time in making the tanks, they seem to be very popular.

They go out of their way to promote everything (for one of 4 distribution centers) to be ready this year which is good news for shareholders

How can another multi-million material handling contract ( the second in a week) be like Mulag, Gaussin etc where nothing came of them so far?
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Jack_Bolander Jack_Bolander 3 days ago
B_B - Nope. There is some Serious BAD NEWS Coming.

Q-4 Earnings. 2023 Audited Financials.

New Debt. Dilution. Toxic Finance.

B_B - It could get even WORSE.
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B_B! B_B! 3 days ago
Plug after-hours volume 10.4 million
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