Plug Power - konspirativ und informativ

eher wieder mal so ein rauf und runter nach paar Tagen , war spannend aber auch nur wieder " normal " , der CEO darf weitermachen

$2.50
-0.17
-6.37%
 

Der Anstieg ist ohne jede News von PP gekommen.  Und nun nehmen die, die ihre 20 bis 30 Prozent in 3 Tagen gemacht haben eben die Gewinne mit. Nachvollziehbar.

Die X PR Abteilung ist merkwürdigst still in den letzten Tagen. Das könnte sich schon bald zu einer dreifachen good news verdichten. 1. DoE über 1,7 Mrd, 2. Tax Credit für konkurrenzfähige Erzeugung, 3. Inbetriebnahme der nächsten Fabrik in Louisiana.

Wobei man zu 1. mittlerweile erstaunt ist, wie wenig da ausgegeben wird, wenn man betrachtet, wer da alles 6 bis 10 Mrd. rübergeschoben bekommt.  

1,6 Milliarden Darlehen + Steurgutschrift + ....+ spekulieren i neuen " Anleger " ja nur, mit Wsserstoff oder der Firma oder der Umwelt haben da viele nichts zu tun gegenüber uns ( mir und anderen ) alten Pionieren der Technik und der Firmen die da mal investiert hatten .

Logisch würde der Kurs mal min. 30 oder 40 % steigen ,wer weiß ob nicht viel mehr , aber das wäre alles nur Momentaufnahme und ich weiß nicht wie Nachhaltig .
 

± 21 Millionen weniger...

Quelle @ https://www.nasdaq.com/market-activity/stocks/plug/short-interest  

der Sektor wieder komplett ein , keine News, nichts . Weder hier noch sonstwo in der Branche , ausser bei paar Zockerwerten,die aber auch keine Substanz haben.

Somit auch dieser Wert von 2,82 Dollar auf wieder mal 2,39 mit Tendenz nach unten tägl. falls da nichts an News kommt.

In Deutschland soll scheinbar kein Geld fliessen für Wasserstoff, seltsames Land geworden wo ich mal gelebt habe.

https://www.finanznachrichten.de/...schland-macht-rueckzieher-124.htm

 

investieren sollen statt in Einzelwerte, wäre wesentlich besser verlaufen als z.b hier, ist für mich heute ein guter Parameter für die Branche, da ist Plug auch wesentlich drin und viele andere ,ich beobachte 2 ETF Wasserstoff genau und da brauch ich fast keine Einzelkurse, sehe dort was läuft .
z.b A2QMAL oder auch A2QMWR
Keine Werbung , sind ETF  / Index mit Plug Power Beteiligung ( sehr hoch sogar )  

Allso Plug habe ich hier nicht gefunden, aber Toyota, Hyundai und Cummins!  

drin  / Topp 10 Werte

https://www.finanzen.net/etf/lg-hydrogen-economy-etf-ie00bmydm794

 

https://www.ariva.de/etf/...omy-ucits-etf-usd-acc-etf/zusammensetzung  

ob so oder so, es ist halt ein guter Überblick über die Tendenzen der Branche

 

Gegen gebühr versteht sich. Danach fällt der ETF natürlich. Darum werden die so stark beworben. Idiotenspiel.  

ich finde es als Brachenübersicht gut und fertig . Mich interessieren die Einzelkurse nicht mehr so sehr, mich interessiert nur das ganze als Branche , gibt  viele ETF , Fonds und anderes dazu

 

Quelle @ https://de.investing.com/news/swot-analysis/...atshurden-93CH-2813040  

Institutional Confidence, Amid Financial Challenges Loom.

Summary

• I am now neutral on Plug Power, upgrading it to Hold due to progressive electrolyzer agreements and potential future returns despite recent volatility.
  
• Key developments include strong electrolyzer installations, strategic investments, and partnerships aimed at boosting hydrogen production and reducing carbon emissions.
  
• Norges Bank's increased stake signals confidence, but financial strain and uncertainties around the Inflation Reduction Act pose significant risks.
  
• Q3’24 financials show slight improvements with reduced cash burn and increased revenues, but the company remains in a distress zone with a negative Altman Z-score.
  

Investment Thesis
I am now neutral on Plug Power (NASDAQ: NASDAQ:PLUG) and upgrade it as a Hold. In May and September 2024, I published two sell-rating articles based on increased cash burn and rapid expansion with limited returns. The stock responded to the analysis as expected, fell 16.8% and 6.8% respectively and underperformed the market.

Since then, the company has made progressive electrolyzer agreements boosting its future returns, as revealed in its stock gains from $1.97 to $2.52. However, taking a keen eye on stock reaction after Republican presidential Candidate Donald Trump was declared the winner of the US presidential election in 2024, Plug Power has fallen by 25%. Its strong electrolyzer installations have shielded its stock level from surpassing $1.92 and has since started to gain, currently retailing at $2.06.

The volatility experienced by the stock after the US presidential elections expresses hydrogen uncertainties. However, the company's electrolyzer products and applications remain strong, which reveals its potential for growth. Based on these observations, I am rating the company as a Hold. My optimism about Plug Power is in 2025 when most of the cash burn investments made in 2024 are projected to start making returns. I also expect the uncertainty around the Republican Party policy on the Inflation Reduction Act ("IRA") as pledges start taking shape.

Key development: electrolyzer installations continue, a step closer to commercialization
The delivery of ArcelorMittal’s Bremen electrolyzer in Germany is expected to produce 5MW of power, with 2.5MW from Plug Power, which meets the company's projection of continuous electrolyzer installation.

For example, the company is projecting to start the generation of liquid hydrogen in Q4’24 in the hydrogen plant joint venture with Olin Corporation in Louisiana. Plug Power aims to accelerate the adoption of hydrogen by completing these developments in time. The plant is planned to have a 15-ton-per-day hydrogen plant.

The project is called the Hidrogenii Venture. Substantial advancements are continuing with Plug Power's hydrogen production capacity expected to achieve 150,000 metric tonnes annually. Olin Chairman and President Scott Sutton states, “We are excited to partner with Plug, a leader in sustainable hydrogen, to serve the growing demand for Hydrogen.” The two companies are committed to meeting the projected production threshold by 2028.

Plug power is expected to generate 500 tons per day of liquid green hydrogen by 2025. This strategic investment will reduce carbon dioxide emissions by 4.3 million metric tons in North America. The scalable electrolyzers are expected to produce 1,000 tons of liquid green hydrogen by 2028, which reveals a strong potential for future growth.

The 3GW contract between the Allied Green Ammonia ("AGA") project and Plug Power seals its electrolyzer position in the hydrogen adoption. The contract is intended to build one of the largest global green ammonia plants in Australia. Plug’s electrolyzer system is expected to complete its delivery between 2026 and early 2027.

Norway's increased stake is a de-risksignal
The recently announced the acquisition a prominent investment firm (Norges Bank) of Plug’s 78,740 157 common shares at $2.54 per share. The firm added its shares from 850,934,662 shares to 879,636,025 shares. The transaction was executed at $2.26 per share, leading to a modest impact on its portfolio at 0.29%, increasing Norges Bank's percentage to 7.95% of the Plug Power shares.

At a time when Plaug Power is facing financial strain and huge investments, increasing Norges Bank's shareholding is a strategic move. The firm has a portfolio of $669.35B from top-performing technological and financial companies, such as Microsoft Corp, Amazon Inc, and Apple.

Plug Power is still grappling with a depressing financial situation, with low Return on Equity ("ROE") and Return on Assets ("ROA") -44.12% and 31.05%, respectively. Recognizing that Plug Power stock has plummeted by 53% since January 2024, Norges Bank's strategic acquisition is driven by substantial investment by the firm. The company has a strong investment portfolio that capitalizes on its future growth in the green energy sector.

The Plug turnaround strategy to scale down on its cash burn by 70% positions the company for more cash available. Norges Bank’s acquisition of Plug Power IPO is timely and strategic, driven by the company's potential from its substantive investment and the forecasted global hydrogen sector by 2050.

However, uncertain loan process means potential financial strain
The latest Republican presidential candidate assertion on hydrogen fuel cell vehicles creates skepticism about whether the Inflation Reduction Act may be repealed. The Act benefitted Plug Power with $10M grants from the DOE in decarbonization efforts to fund its 250 refueling stations. Plug Energy is still in the process with DOE to release more grants to support the expansion development of its green hydrogen infrastructure up to 6 sites.

The estimated tax credit of around $34 billion in the next decade to support clean energy initiatives faces disbursement uncertainties after Donald Trump alluded that he would rescind unspent money from the IRA, terming it “The Green New Scam.”.

From the too many interested groups with green hydrogen, for example, the Norges Bank and its core big market cap shareholders, the intention of Republicans to repeal the IRA in the House and Senate may not materialise. As such, in case the House and the Senate successfully repeal the IRA, Plug Power is likely to experience financial strain in developing the necessary infrastructure for its green hydrogen. The company secured 10M from IRA to fund its refueling station installations and needs more to fund its pipeline and storage facilities that together improve the availability and accessibility of green hydrogen. I do not recommend either buying or selling Plug Power stock at negative Altman Z-Score as it depicts a high risk stock at the moment.

My neutral thought
Building on my previous bearish rating, informed by increased cash burn in Q2’24, substantial investments have been achieved, and production has increased to over 25 tonnes of green hydrogen per day in its existing facilities. The company is currently in a turnaround stage, as seen in scaling down Capital expenditure by 30% in the second quarter of 2024. This has prompted a strategic investor, Norges Bank, to increase its shares, looking forward to the company's investment returns.

However, I remain skeptical, looking at the stock liquidity reaction following Donald Trump’s stand on IRA and the overall clean energy sector. As such, taking a different angle using Altman Z-Score on Plug Power, as of November 11, 2024, the company is still in a distress zone at -1.51. This implies that the company could go bankrupt in the next two years if its revenues do not increase as intended. Currently, following the uncertainties in the hydrogen sector post-US-election, and a negative Altman Z-score, it is uncertain whether the company turnaround and substantial investment will have a positive impact on its revenues in the short-term, a reason for my Hold rating.

Valuation
Q3’24 financial highlights: signs of positive turnaround
A slight improvement was reported in Q3’24 following a 70% reduction in cash burn. Net loss reduced slightly by 19.48% from $262.3M in Q2’24 to $211.2 in Q3’24. This is a gain for its shareholders, with Earnings per share loss in the quarter reducing from $0.36 in Q2’24 to $0.25 in Q3’24. Following significant investments in 2024, the net loss relates to strategic investments and new product deployments. The net loss recorded is based on a 37% decreased gross margin Quarter-over-Quarter (QoQ). As such, the company has multiple streams of revenue from its investments that have started to record improvements. The service segment has improved by 776%, equipment business is up by 42%, fuel sales have improved by 8%, and Power Purchase Agreements are up by 13%. These increases reported a revenue increase of 21.13%, an increase of $173.7 M in Q3’24 to $143.4M in Q2’24. The company is leveraging its electrolyzer deployments that have remained resilient amid hydrogen uncertainties. Operating cash flow improved by 31% QoQ, indicating the company’s working capital efficiency and improving margins. Following the turnaround strategies, positive results and imminent improvements will be recorded in Q4 2024, with a favorable political landscape, such as the continuous implementation of the IRA. However, the company projects to use fixed manufacturing costs and existing inventory to continue is revenue growth projection.

As iterated in my last articles on Plug, it is difficult to rate a company at this very early stage of refining its product offering and deep in negative profit margin and cash flow - only when there is meaningful profit being made and reduced cash flow, the share price can be less volatile.

Investment Risks

• Policy change: Plug faces financial strain in completing its hydrogen refueling station installations if the DOE slows down its loan process on climate programs following Trump’s deriding of the Biden-Harris climate program Inflation Reduction Act, citing it as “The Green New Scam.”
  
• Change of public perception- After Donald Trump's inaccurate assertion that Hydrogen cars could blow, the statement has the potential to reduce the demand from 18,300 passenger hydrogen vehicles already existing on US roads.
  
• Financial strain - Plus Power may face financial strain in completing its infrastructure development as IRA grants may be repealed by possible Oil and Gas pro policies in the next four years.
  
  Quelle @ https://seekingalpha.com/article/...ce-amid-financial-challenges-loom

 

 

Laut commdirekt gibt es 911 mio plugpapiere. Das durchschnittliche tägliche handelsvolumen beträgt 56 mio. Eigentlich müsste die firma jeden monat den besitzer wechseln.

Kann das jemand erklären?  

könnnte man ja sagen, Branche wird nun wohl Final niedergebügelt, sieht so aus, die einzigste Firma in dem US Bereich dürfte event. Bloom sein die am Ende wohl mit übrig sind, der Rest ? na ja man sieht es  , Europa eventuell Thyssen mit viel Glück .

DA bei PP passiert auch nix mehr, der letze Hype mit Glück könnte noch mal was mit " vorrausichtlich " ....."erwartet " mit dem Darlehen der US Regierung, es war ja damals schon nur " erwartet " , hatte eh nicht verstanden warum das keiner kapiert hatte, es war nie die Rede davon das es kommt.

Aber ein "erwartet " würde reichen für 10 -20 Stunden  Kursanstieg, danach,,,na ja so wie es halt immer war.

Das Ding ist erst mal durch , schade um meine Spenden  

, gut dann hier noch mit den Quellen dazu und etwas anders gefasst:

............wie,was, Wasserstoff ? !
könnnte man ja sagen, Branche wird nun wohl Final niedergebügelt oder wie ?, sieht  fast so aus, die einzigste Firma in dem US Bereich könnte event. Bloom sein die am Ende wohl mit übrig sind
https://www.ecoreporter.de/artikel/...ch-gro%C3%9Fauftrag-59-im-plus/

, der Rest ? na ja man sieht es  , Europa eventuell Thyssen mit viel Glück ?

DA bei PP passiert auch nix mehr, der letze Hype mit Glück könnte noch mal was mit"  bedingte Verpflichtung " , vorrausichtlich , .....,erwartet " mit dem Darlehen der US Regierung, es war ja damals schon nur eine "  bedingte Verpflichtung "  , hatte eh nicht verstanden warum das keiner kapiert hatte, es war nie die Rede davon das es 100 % kommt.

Zitat übersetzt : ",,,,,,,,,,,,,Während diese "  bedingte Verpflichtung " die Absicht von DOE zeigt, das Projekt zu finanzieren, "
Quelle : https://www.energy.gov/lpo/articles/...uce-and-liquify-clean-hydrogen



Aber ein "erwartet " oder "  bedingte Verpflichtung " in einer DOE Meldung würde wohl wieder reichen für einen positiven kurzen Effekt oder ?danach ,na ja vermutlich so wie es halt zumeist war in der Vergangenheit? !

Das Wasserstoffinteresse scheint ist erst mal durch , schade um meine Einlagen die ich hier und da auch mal gemacht hatte
 

Hab in einem anderen Forum gelesen, dass man für den 20.12. mit der Bekanntgabe der Regularien für die Steuergutschriften für den Wasserstoffsektor rechnet und um den 7.1. nach Ablauf der 30-Tagefrist die Genehmigung der DOE-Darlehensgarantien zu erwarten ist.  

Haushaltsplan 2024: Wasserstoff-Förderung soll bleiben!
https://h2-news.de/politik/...24-wasserstoff-foerderung-soll-bleiben/  

 

....der Bericht war vom 13.12 . *2023*  

 

https://www.bmwk.de/Redaktion/DE/FAQ/...faq-wasserstoff-kernnetz.html
Hier der aktuelle Link zum Kernnetz...