Plug Power Inc (PLUG) News

SPGobal.com
S&P Kensho Global Hydrogen Economy Index

https://www.eex-transparency.com/hydrogen/germany


CEGH

Thanks Banger - I must be in Australia.

I have a subscription to Platts.

It would be prudent for PLUG to display the price on their website home page as well.

Now we will be able to compare Hydrogen with other fuels, and potential customers can run comparative economics.

That will be fun.

Jack, is today Thursday?

Each Thursday, S&P Global Platts will publish a price for the following week based on Plug’s supply and demand at the current time.

now how do we go to S&P Global Platts? is a better question

Did Everyone See the BIG NEWS TODAY !

Soooo.... What is the Spot Price for PLUG Hydrogen ?

I can see the Spot Price for Crude Oil, Natural Gas, Gasoline and Diesel !

Can anyone tell us ... Or Tell Us where the PLUG Price for Hydrogen is Posted ?

That would make practical sense to chase the highest dollar we can get, but at this point we don't have enough to support our own need. Granted if the spot price spread is higher than what we can buy it for then I say sell it and make the spread. It will be interesting to see who is willing to pay a higher price for the green hydrogen and how the credits are used. I hope they get into more detail on this at the next meeting. I really doubt it means much until we get supply up. I'd like to hear if NY will just rust away or be restarted. I also wonder if the HUBS ever get built.

My understanding is that (assuming LA is fully online) we produce enough to cover our needs or thereabouts. BUT we need a lot f thet H2 in places like North East and Mid West and California where it is very expensive to ship even in liquid for ) from GA, LA, TN. and even TX when Graham is online in (hopefully) 2026.

So for the not cost effective to ship our own H2 we still by from Linde or APD or Air Liquide - we have contracts running a few years I believe.

That leaves surplus production that we can sell at spot pricing. If this encourages other companies we dont currently deal with to buy green hydrogen and we sell it higher than we are selling to our own customers - highly likely - then they may sell even more of our produced H2 to get the margin and ship to our southern customers from third parties like they have for years..

To me it lacks information lacks detail. Do we have enough supply to handle our cutomers and the open market or is it an issue of getting a higher price.

What is today's Spot Price for PLUG's Hydrogen ?

Steve - When you really think about it, what does PLUG do that actually makes sense ?

- Selling Below Cost ?
- MOU's that never happen ?
- Making the most expensive Hydrogen ?
- Selling Spot Hydrogen ?

Why would anyone sign a long-term contract ?

Sanjays first news release without andy....good or bad

OK, this confuses me. I thought we needed 4 plants just to cover our own customers? Does this mean that demand has reduced to where we are having issues finding buyers for what we have or is the spot price so much that it is better to buy nat. gas and produce Hydrogen to service our customers. Here's a novel idea. Let''s have the customers buy the hydrogen and stop subsidizing them as we have for years or would this kill the deal. Either way something has changed and does not make sense to me at this point.

WTM - Yet Another Nothing Burger.

https://www.ir.plugpower.com/press-releases/news-details/2025/Plug-Launches-Industrys-First-Spot-Pricing-for-Green-Hydrogen/default.aspx

Spot price....another nothingburger...mulag fedex etc......sanjay....as good as andy

Many retail shareholders have left PLUG.

This explains why the share price has been falling in the past few weeks and months.

And this also explains why Short Interest has been spiking again.

It also explains why some Long-Term Pumpers have moved on to AI, Data Centers, and Data Center Power Stocks instead of tired, old , No-Growth PLUG.

Major Hydrogen Company FIRES CEO !

See ,  it is possible !

https://www.reuters.com/business/air-products-names-former-linde-executive-eduardo-menezes-ceo-2025-02-04/

More Bad News !

https://seekingalpha.com/article/4754706-plug-power-the-meme-era-is-ending?source=copy_to_clipboard

not hydrogen powered fuel cells I bet….

I stand corrected but is Refire really the most experienced company? How experienced are they in managing the US regulations and political environment?
Not sure they have many non- mobile FC in place.

Fuel Cell Systems from the most experienced company ... NOT PLUG !

www.mission-hydrogen.com

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

$ PLUG : St Gabriel LA : https://hidrogenii.com/#learn-more

PLUG has had 4 major positive catalysts and the share price fell.

People were looking for a Bump which never happened, so they have moved on

BB - Really Bad News !

$PLUG 238,461,720 shares - Short Interest Ratio 3.44 Days to Cover

Plug Power $PLUG Total Cash (mrq) $93.94M Book Value $3.44

MORE BAD NEWS !

Wirthout a Major Positive Catalyst to counter the Tariff effect on the markets, PLUG will see NEW LOWS.

It is now 14 times more expensive to drive a Toyota hydrogen than an EV

https://www.yahoo.com/news/second-federal-judge-orders-temporary-213408134.html

Short Interest is Spiking Again !

Bearish Sentiment is also spiking since the inauguration !

Short Interest and Bearish Sentiment are strong indicators for the future direction of the share price.

These Bearish indicators may be a factor in Every Analyst lowering their estimates on PLUG's share Price.

PLUG Share Price Estimates CUT by EVERY Wall Street Firm !

https://www.marketbeat.com/instant-alerts/seaport-res-ptn-predicts-plug-power-fy2024-earnings-2025-01-30/

Plug should sell out before its to late...
.10 cents here we come

https://www.ecoticias.com/en/hydrogen-city-saudi-arabia-green-energy/10933/

WTM - A POST FROM ANOTHER BOARD :

Daniel
1 hour ago

Jack,

You are the first poster on this board that seems to recognize this fallacy of the Hydrogen myth.

It may have some niche uses (forklifts), and has some advantages for longer term storage and longer distance transportation, but it is starting at a HUGE disadvantage on efficiency. Having to take electricity through two completely separate chemical reactions (4 if you go through making ammonia to transport as room temperature liquid) just to get back to electricity is inherently inefficient.

Storing electricity as electricity using batteries or pump storage, makes more sense.

I've seen slightly different numbers, but not different enough to change the end calculation. Grid Power Hydrogen usage is a LONG ways off. Batteries, flywheel and better grid distribution will win in the short term.

Not until there is sooo much renewable power on the grid that the utilities are literally shutting down all the NatGas, Coal, Hydro generation, and still can't take any more will it make economical sense.

Trump just pushed that timeline out 4 years, and it was a long ways out already. H2 needs free electricity that no one else wants to use to make sense. I'll believe that when I see it.

MORE BAD NEWS :

PLUG's technology partner, Johnson Matthey, a major leader the the Hydrogen Sector, is pulling back on Hydrogen !

https://cen.acs.org/business/specialty-chemicals/Johnson-Matthey-pulls-back-hydrogen/103/web/2025/01

A Clear SELL Signal !

Here is an Interesting Read.

MORE BAD NEWS :

WTM - Here is a Letter from a Hydrogen Industry Thought Leader :

Dear all,

I was in Paris for three days to attend an international workshop on de-risking hydrogen projects and HyVolution. Here's my summary:

The workshop was coordinated by Mikaa Blugeon-Mered, and there were some 45 high-level experts from all continents. And me. I was the VUP in the room. I usually don't attend policy and finance workshops, because that's just none of my business. I am a technology guy, and I let others figure out how to deal with currency risks, political risks in developing countries and certification schemes. But this workshop was extremely interesting, and I learned a lot.

We'll do a webinar about the outcome in the near future (to be announced). [If you don't know what a VUP is: a Very Unimportant Person. ]

It was my first time at HyVolution. The mood was rather depressed. Of course, some of the usual suspects were still telling me that they are optimistic, but after a while they started talking about "restructuring" (which is code for "laying off people"), "management pressure" (which is code for "we don't sell enough"), "overcapacity" (which is code for "we have built a factory but don't know what to do with it because the market does not ramp up as expected") and so on.

Not good.
I am still wondering who can supply a 10 MW electrolyzer that I can simply plug in without issues. Some people don't even answer the phone (because 10 MW are too small), and some people only have small systems and I fear I would be their guinea pig again. There's not much in between. Interesting, isn't it?

The most interesting statement - that I can fully confirm - came from a guy that was in Australia recently. He said "When Australians wake up in the morning, they start talking about 5 GW projects or even more immediately. Nothing smaller. Then we went to see the largest electrolyzer in the southern hemisphere. It has 2.5 MW."

And that, my friends, is the truth: On PowerPoint, you can design hundreds of Gigawatts easily. But you have to deploy them as well. And from experience I can tell you that it's not easy. You need the right suppliers, you need trained and experienced people, and you need experience yourself. Real life experience, not experience from social media and studies. So you have to be willing to invest money - a lot of money - into that ramp-up. And if this does not happen, the suppliers will be gone, and the dream will remain a dream.

Long story short: the global, political and financial side is still bullish on hydrogen. Many people who have to get things done, sell sensors, valves and systems are in the "trough of disillusionment." Let's see where we are at the end of 2025.

In the meantime, we’ll continue our webinar series, and I hope you have registered for the next ones. If not: www.mission-hydrogen.com.

David

S2012 - Tah Dah.

https://www.marketwatch.com/story/white-house-revokes-memo-freezing-federal-aid-trump-will-try-to-block-spending-in-other-ways-34e5b4d8?g=a1ba8384-f8c1-4cfc-b8a1-f433b174093c&mod=djem_mwnbulletin

Any link to back this? 

DT rescinds federal f7nding freeze....so he is Human

If only he could convince Trump and Elon.

Here is Another Interesting Read :

https://www.hartenergy.com/exclusives/plug-power-ceo-sees-hydrogen-part-us-energy-dominance-211808?utm_source=new-energies&utm_medium=email&utm_content=read-more&mkt_tok=NDMzLU9ESy04ODkAAAGYUfrOfrDPAV-ajXffglhbF-nGOxmwb5oBQuNbYaQjyM9Kbs_cN6Sk3JYfXiY4FuahD9FTKczORxV6VqmC2T60lzF2Q_pY0vS5lxEydOBBwXkl3A

mik -igtm - BOTH DJT and Elon Musk have expressed disdain for Hydrogen.

The world is beginning to do the Math; the Achille's Heel for Hydrogen, and the Comparative Economics for Hydrogen DO NOT look good.

Hydrogen is 4 to 10 TIMES more expensive than the alternatives.

HERE IS ANOTHER INTERESTING READ :


https://carbuzz.com/why-hydrogen-will-fail-in-the-usa/

WTM - A key point : Hydrogen is 4 times more expensive than Electricity for Vehicles.

"One thing for sure if trump hence musk accept hydrogen it will happen"

sure...but Trump has already expressed disdain for hydrogen...so using the same thought process as above, you can rest assured, it wont happen...

Steve - Nikola, Hyzon, Charbone, Ballard ; the list of FAILING Fuel Cell Companies continues to grow.

I think PLUG is in the same SINKING SHIP, without handouts.

Yes, it looks like Nikola might not make it. One would think that a large truck manufacturer is waiting for bankruptcy to get them for a dime. I would love Andy or Sanjay to make the argument of why green hydrogen is the best solution for any of the numerous products and services we provide. I mean you can be a one source solution, but if the only one that is practical and make some economic sense is forklifts then why did we spend billions elsewhere? And with the forklifts we paid them to buy our products. (Amazon and Walmart at least)

One thing for sure if trump hence musk accept hydrogen it will happen ....not like sleepy joe....talk is cheap

"I think the decrease of cars is directly linked to problem with people getting fueled up. Once this has stabilized and more is available then adoption could slowly grow."

thats the problem alright...but whats the solution?...toyota has been selling their fcev in calif for years...there are a few places to fuel up in frisco or LA (when they are working) but really no where else...and i mean no where else in the whole country...hyundai is making a fcev as have other car manufacturers...but they seem to be waiting or thinking that fueling stations will just magically get built because they have fcev...

i suppose the thought was that the Fed Gov via IRA or BBB or whatever would subsidize the building of the vast amounts of fueling stations that would be needed...or at least seed that growth...

but here comes Trump...and he doesnt seem to give a crap about hydrogen or fcev's...unless Trump does a turnabout, they are looking at 4 years of nothing happening for them or hydrogen in general...

i would have thought that fuel cell electric semi trucks would have fared better than fcev...but just look at the sad state of affairs that NKLA is in...

Here is an interesting read :

https://www.marketwatch.com/story/hindenburg-website-hack-adds-to-intrigue-around-short-selling-firms-closure-b60c9612?g=7810401d-5a86-4699-a7d4-d9859f4a2fc2&mod=djem_mwnbulletin

Steve - Beyond FCEV's ... I don't think PLUG is fixable with Andy and the current Management Team.

PLUG has lost all of their credibility, you can even hear the giggles from the analysts on the conference calls when Paul and Andy make their projections.

I think it is already too late for PLUG to recover, even with new blood. We are watching Hydrogen plays folding all over the world, and I think PLUG is on that list as well.

Steve - Correct. A Classic Chicken and Egg Dilemma.

Hydrogen Stations aren't getting built because there are not enough vehicles to make stations profitable.

FCEV Cars aren't selling because there are not enough stations and the fuel is costly .

BEV's have avoided this because electricity is everywhere, and it is very cheap ... cheaper than gasoline.

Since Hydrogen is made from either fossil fuels or electricity, hydrogen can never cost less than either feedstock source.

BEV's have several advantages over gasoline , diesel and hydrogen.

Hydrogen has NO Advantages over gasoline, diesel or electricity.

It will take decades for Hydrogen to overcome the Chicken/Egg Dilemma.