Plug Power Inc (PLUG) 옵션

PPS sure has come down a lot since January not that long ago

"Both of these appear priced in at this point."

there is nothing priced in...there are plenty more problems with plug and fcel besides what you mentioned...

"Both plug and fcel are reducing their cash burn to the point they will no longer need to issue shares"

need to and want to are two different things...

Agree. But now the opposite is the case. h2 names have been decimated due to neg cash flow and the assumption Trump will kill the sector. Both of these appear priced in at this point.

To go down from here these trends really need to continue...but they're not. Both plug and fcel are reducing their cash burn to the point they will no longer need to issue shares - this without 45v. Also, it is highly likely 45v remains in place while at least 3 hubs move forward (2 are in plug's sphere), which means ebitda likely turns positive (or close) sometime in 2025.

Both co's have plenty of cash for 1-3 years and trade below book.

I've seen lots of turnarounds over the years and these both fit the bill.

Jditi - Close. With PLUG the best way to capitalize is to SELL High and BUY Low.

There was a stretch where you could ride the Hype, but that didn't last very long.

So your point is to Sell low & buy high?

Middle East and Africa Hydrogen Market Report 2025: Hydrogen Boom in MEA - 23.5 mtpa Pipeline Signals Export Ambitions

https://www.globenewswire.com/news-release/2025/03/27/3050357/28124/en/Middle-East-and-Africa-Hydrogen-Market-Report-2025-Hydrogen-Boom-in-MEA-23-5-mtpa-Pipeline-Signals-Export-Ambitions.html

The report reveals how the MEA region is emerging as a strategic global hydrogen hub, with 23.5 mtpa of upcoming capacity and 211 GW of planned electrolyzer projects. While Africa focuses on green hydrogen powered by vast renewables, Middle Eastern countries are leveraging refinery assets for blue hydrogen production. Egypt and Oman lead their respective regions in future capacity. Despite currently holding just 11% of global hydrogen capacity, the MEA is home to 4 of the world’s 10 largest low-carbon hydrogen projects. Most output is intended for export, targeting Europe and Asia, with key use cases in transport, ammonia, and steel. The report covers policy landscapes, investment activity, major players, and technology readiness.

Here is an Interesting Read :

https://seekingalpha.com/article/4770662-plug-power-dont-bet-on-this-southbound-pain-train?mailingid=39184336&messageid=2800&serial=39184336.17202&source=email_2800&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=39184336.17202

I will keep looking!

It could be the event that tips the balance of hydrogen use across the whole planet.

be sure and lets us know if Cucamonga, Ca buys a couple of fuel cell buses...that just might turn the tide...

Yeah, I debated on whether to post it or not.

I'm not in favor of the government funding stuff like this. Cut them all or fund them all. Funding half doesn't really help.

"Democratic states face potential hydrogen hub funding axe from Trump’s DOE: reports"

are they trying to ensure he cancels some red state hubs as well?...sounds good to me...trump should shitcan all of them...

on the other hand, Political says they have "sources" and saw a piece of paper with stuff written on it...lol

NCTD breaks ground on new hydrogen fueling infrastructure
https://www.masstransitmag.com/technology/facilities/shelters-stations-fixtures-parking-lighting/press-release/55277437/north-county-transit-district-nctd-nctd-breaks-ground-on-new-hydrogen-fueling-infrastructure

The North County Transit District (NCTD) celebrated the groundbreaking of its hydrogen fueling station at its West Bus Division in Oceanside, Calif. This project is part of the agency’s efforts to transition its BREEZE bus fleet to zero-emission operations. Once complete, the fueling station will have the capacity to fuel the agency’s hydrogen fuel-cell electric buses, which will represent approximately one-quarter of NCTD’s fleet in 2025.

Rebus Elevates Green Mobility in Germany with 52 New Solaris Hydrogen Buses

https://fuelcellsworks.com/2025/03/26/fuel-cells/rebus-elevates-green-mobility-in-germany-with-52-new-solaris-hydrogen-buses

Rebus Regionalbus Rostock GmbH has enhanced its public transport fleet in Rostock, Germany, with the addition of 52 Solaris hydrogen fuel cell buses. This acquisition marks one of the largest hydrogen bus fleets in Germany.

About 30 of these buses are already operational, collectively covering over 150,000 kilometers, and demonstrating high reliability even under low temperature conditions.

Democratic states face potential hydrogen hub funding axe from Trump’s DOE: reports

https://www.h2-view.com/story/democratic-states-face-potential-hydrogen-hub-funding-axe-from-trumps-doe-reports/2123578.article/

Politico today (March 26) released a report which said sources had told the publication that a list circulating within the DOE suggests blue-state projects could have funding their Biden-era Infrastructure Investment and Jobs Act (IIJA) funding cut.

However, it suggests funding for the three hubs in Republican states would be maintained.

Politico reports that it obtained a spreadsheet of the projects “prepared by DOE” which labelled each hub as “cut” or “keep.”

The publication says it was told that out of the seven hubs, only the four planned for primarily Democratic-leaning states are recommended to have funding cut.

That would include Oregon, Washington and Montana’s Pacific North West (PNWH2); California’s Arches hub; Illinois, Indiana and Michigan’s MachH2; and Pennsylvania, Delaware and New Jersey’s MACH2.

Reportedly on the keep side are Minnesota, South Dakota and North Dakota’s Heartland Hub; Appalachia’s hub across West Virginia, Ohio and Pennsylvania; and Texas’ Hyvelocity.

Beyond the political leaning of each state, key differences emerge in the hydrogen production plans across the hubs – with those on the keep list looking to natural gas-based operations.

NEW ALL TIME LOWS for FUEL CELL STOCKS !

Collectively, Fuel Cell Stock Prices have never been Lower.

Not a healthy metric for the Sector.

Hydrogen-powered trains to be introduced in northern Italy

https://www.reuters.com/sustainability/hydrogen-powered-trains-be-introduced-northern-italy-2025-03-26/

The pioneering project, the first of its kind in Italy and supported by an investment of 367 million euros ($396 million), marks a significant adoption of hydrogen fuel for a rail line, despite the high production and operational costs.

The region currently uses polluting diesel trains, which will be replaced by 14 zero-emission hydrogen-powered trains made in Italy by a unit of French group Alstom (ALSO.PA),

This fits with the European Union's strategy for energy transition, where green hydrogen, produced from water electrolysis using renewable energy, is set to replace a portion of fossil fuels currently used in transportation and power generation.

BB- PLUG doesn't make hydrogen vehicles .

Hydrogen Vehicles $PLUG https://www.plugpower.com/

History shows that the cost of clean energy decreased significantly over time along with discoverying the most profitable applications.

The same dynamics will be applied to hydrogen energy as with others.
Plug Power has been among the leaders in the hydrogen energy sector, but will it be able to hold a top spot going forward is the question. It looks like they may have bought time for 2025 to sort their future out. GLTA

BUSSES : Hydrogen Fuel Cell technology works very well in Busses, but these busses cannot compete economically.

Municipal Transit Authorities might not care about the economics and ROI's (Your tax dollars at work) , but the private/commercial sector does.

The recent hydrogen bus trial failures did not need to undertake a full use/life of the vehicle studies to determiine they needed to pull the plug. The comparative numbers were that bad.

B_B - I am ... And it's a great ride too.

From $75 to $1.50's !
I don't think Longs are having as much fun and profit as I am.
But keep pumping, I'm sure it's helpful.

UK, thanks.

Daimler Truck Ramps Up Testing of Hydrogen Fuel Cell Truck
https://www.ttnews.com/articles/daimler-testing-hydrogen-truck

The trucks covered a total of 1,600 kilometers during a 14-day period, crossing 4,000 miles (6,500 kilometers) of mountain roads with an accumulated climb of 51.6 miles (83,000 meters), including 12.4 mile-(20 km)-long uphill and downhill stretches with gradients of 10% to 12%.

“With a maximum elevation of more than 2,000 meters [1.2 miles] above sea level and a climb from 600 meters [1,970 feet], the route over the Simplon Pass provided good conditions for testing the interplay of the fuel cell system with other enhanced components,” said Rainer Müller-Finkeldei, head of Mercedes-Benz Trucks product engineering.

Small-scale production of the GenH2, which is based on a conventional Mercedes-Benz Actros cabover longhaul truck, is scheduled to start toward the end of 2026.

Mercedes-Benz Trucks will produce 100 trucks during the initial small-scale production run. Those trucks will undergo testing before serial production of the model begins toward the end of the decade, a Daimler Truck spokesman confirmed March 24.

The GenH2 trucks are powered by liquid hydrogen rather than gaseous hydrogen — the choice of technology for rival fuel cell truck developers such as South Korean automaker Hyundai or bankrupt Phoenix-based startup Nikola — as Daimler Truck seeks to establish a common refueling standard for hydrogen-powered trucks.

The first refueling station for Daimler Truck and joint venture partner Linde Engineering’s sLH2 subcooled liquid hydrogen opened in February 2024 near the truck maker’s long-standing Wörth am Rhein manufacturing plant.

Daimler Truck — parent company of U.S. Class 8 truck brands Freightliner and Western Star — and Linde argue that liquid hydrogen offers a higher storage density, greater range and faster refueling.

Initial testing of sLH2 and the GenH2 began in 2024. Among the fleet owners carrying out the testing are Amazon, Air Products, Ineos, Holcim and Wiedmann & Winz.

just watching, news on the loan and hence starting Texas will be next up but don't expect share price increase until we get significant progress in Texas and confirmation that the $200m currently owed form the money spent there has been received.
only in Bloom of all fuel cell stocks

UK, are you back in PLUG as an investment, or watching from the sidelines? I'm currently still out, not following closely, that's why I'm asking you. I wouldn't want to miss if/when they stage a comeback.

Hydrogen buses I think are getting wider adoption but not at the speed expected 2 yers ago. Some early pilots have stopped but for varied and uncertain reasons. Wrightbus in Europe has many successful and growing customers. Repeat business is a sign of successful pilots.
The bus model has the benefit of all being based in one depot so hydrogen just has to be delivered, stored and dispensed there.
compared to battery electric vehicles the Fuel cell will be longer range probably higher power and quicker to refuel, more dependable due to weather (battery charge loss in cold weather)
PLUG have been quiet about he BAESystems. FCBus solution using the Progen Fuel cell which unlike the Bosche FC used by Nikola is more general purpose and able o be configured away from the electric engine itself. I would expect that helps in longevity but lower power. SK were doing something inKorea (or was that with BAE Systems?) as well.

Took off the shelf parts. They did not spec any new parts to be made. Not sure about about body parts for the trucks.Most, if not all, vehicle manufacturers design parts that go into their vehicles. That is the difference.

I'm not disagreeing about the government (local, state or federal) getting involved. I just don't think they need to, unless the vehicle market explodes. I, also, don't think it will take trillions. Maybe it will take hundreds of billions over more than a decade and spread over a lot of companies.

I doubt the fuel cell car market will be larger than the battery EV (one reason why trillions don't need to be spent).

"Nikola put parts together. they did make anything."

car manufacturers have parts made all over the world and then have them shipped to factories where they are put together...how is that different?...

"Toyota has been selling it since 2014 (over ten years). I see plenty of them."

there have been a grand total of 11k Marai's sold in the US in the 11 years they have been around...and you can see them in the SF and LA areas...absolutely no where else will you see any...

"Finding hydrogen for fuel cell vehicles needs to get easier."

and thats where the trillions of needed taxpayer dollars come into play...BEV need no such thing...and you wont have some greedy oil company raises prices on the fuel every 20 minutes...

maybe hydrogen buses and big rigs will be a thing...im just not seeing it...many places that tried them have dumped them...companies that built them have gone BK...BEV's are just so much more convenient and easy...fcel's will need to be far superior to bev's...not just comparable...

65% of new businesses fail within the first ten years (i left that off).

Nikola put parts together. they did make anything.

I meant a bus manufacturing company that has been around for more than ten years. When buying a new type of vehicle, you want to make sure the manufacturer has a good chance of still being around when testing it.

Toyota Mirai (auto-correct got me).
Toyota has been selling it since 2014 (over ten years). I see plenty of them.

Honda came out with a fuel cell CR-V last year, after being out of the fuel cell market since 2019.

Finding hydrogen for fuel cell vehicles needs to get easier.

I said propane was sold at gas stations. Gas stations had a giant propane tank. They would fill small tanks. Propane trucks would come and fill the giant tank at the gas station.

Gas stations can have a big hydrogen tank. They can fill fuel cell car's hydrogen tank. Hydrogen can be trucked in to refill the giant tank.

Similar...

great...but the issue was hydrogen, not propane...so why are we talking about propane?...

"Almost 25% of new businesses fail in their first year, nearly 50% by five years."

nkla has been around for 9 years...they raised almost a billion dollars...when accounting for reverse splits, their share price has been as high as $2800 per share...they were simply trying to make hydrogen big rigs that were not economically viable...the same will be true for buses...HAS been true for buses...

"Bus manufacturing companies should be making fuel cell buses, not necessarily an aftermarket company."

anyone making buses is a bus manufacturer...not sure how a bus manufacturer can be called an "aftermarket" company...

"Toyota has no problem keeping g their low selling Moral on the market."

i assume you are talking about Toyota's Marai?...the Marai is a joke...Toyota only sells them in Calif because no where else has hydrogen fuel pumps...and Calif only has them in the San Francisco and LA area...many of which are often not working...toyt selling Marais is a joke...they are offering $12k credit for fuel and STILL cant sell many...those who buy the car are suing toyt because they cant drive anywhere with them except to look for a working pump to refuel...lol

Steve - I don't believe 45 v is settled at all.
Some of our utility clients certainly don't think so.  They are holding before spending anything on green, until there is clarity , and most don't think it will happen.

Remember when we used to get daily updates on new job postings ?
Ahhh .. those were the days....

Well, if 45V is now settled with easier guidelines Plug should have no excuse as all those deals on standby should now close and getting demand for Tx. and future plants should be back on the table. Right? I mean this was the excuse why things were held up under Biden. So, it is shite or get off the pot time for Andy now!

Wrightbus are probably over 10 years of hydrogen bus deliveries. so should be seeing real life numbers.
PLUGs own data for Fuel cell degradation in material handling will play into calculations.
The BAE systems work in US and Korea has established some proven capability as bus companies evaluate their options for the next 20-30 years

rick - The distribution model could be similar ?

Bring your hydrogen bottle to the grocery store ?

Have a cryogenic tank next to your house ?

Have a 10,000 PSI tank next to your house ?

What could go wrong ?

No I wasn’t simply stating propane is used for more than barbecuing

Almost 25% of new businesses fail in their first year, nearly 50% by five years. Bus manufacturing companies should be making fuel cell buses, not necessarily an aftermarket company.

Toyota has no problem keeping g their low selling Moral on the market.

GASCADE announces 400 km of natural gas pipeline in Germany to be converted to transport hydrogen in 2025
https://www.worldpipelines.com/project-news/13032025/gascade-announces-400-km-of-natural-gas-pipeline-in-germany-to-be-converted-to-transport-hydrogen-in-2025/

I believe the poster I replied to was…

Yea I heard the same thing said about big rig fcev’s…gotta wait 15 years to get a real evaluation…

I’d say we could ask NKLA about their trucks but they are now bankrupt after only a few years…

Come on dude….gotta wait 15 years for real results??…is this 2025 or 1825?…

New government ruling ends uncertainty over major energy opportunity: 'Preferable to not having rules'

https://www.yahoo.com/news/government-ruling-ends-uncertainty-over-111509370.html

U.S. Green Hydrogen Mobility Market Set to Surge with Federal Backing and Infrastructure Growth
https://finance.yahoo.com/news/u-green-hydrogen-mobility-market-140200824.html

Have we ever had an update on our offices in France and Germany and what they have accomplished? Seems we have closed down so many lines there ought to be savings since we are no longer throwing stuff against the wall to see what sticks. They should not put up any plants without an offtake agreement from a substantial client. Speaking of does Amazon still have a deal with us to buy $2 billion in green hydrogen starting this year? Will this be profitable business assuming it is still ongoing?

I wasn't suggesting that hydrogen replace propane. I said the distribution model could be similar.

The initial lifetime of a bus in the US is 10 to 15 years. It would take that long for a pilot program to evaluate them, if they last that long. The maintenance and repair requirements needs to be documented, especially near end of life. Reliability should be getting better as more parts are made for the vehicles, rather than being Frankensteined together.

Buses made to be fuel cell powered should be better than buses modified to be.

“Nel's share price has risen by 50% after Samsung acquired a 10% stake in Nel two weeks ago.”

Yes…the pps rose from under 20 cents to about 35 cents and the volume skyrocketed to several hundred thousand shares over a 5 day period…lol

But the pps is now dropping back down….

You gotta be kidding me with this nonsense…