Plug Power - Meinungen, Kommentare und Chartansichten (Seite 3385)

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nix da rebound...kerle!

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und jetzt wird's richtig bitter

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na super neues 52wl

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Antwort auf Beitrag Nr.: 58.408.842 von urfin am 09.08.18 11:33:06

Zitat von urfin: die komplette Führungsriege hat vorige Woche zu gekauft https://www.bizjournals.com/albany/news/2018/08/08/plug-powe…

war kein guter deal

[Shanghai2006]

Plug Power (PLUG) Receives a Buy from B.Riley FBR Ryan Adist-August 10, 2018, 4:15 PM EDT In a report released today, Carter Driscoll from B.Riley FBR reiterated a Buy rating on Plug Power (NASDAQ: PLUG), with a price target of $3.50. The company’s shares opened today at $1.91. Driscoll noted: “Solid 2Q with expected breakeven in 3Q. Plug Power (PLUG) reported a modest 2Q beat, delivering revenues of $39.9M (up 75% Y/Y), adjusted gross margin of 8.1%, and adjusted EPS of ($0.08), with all metrics beating our estimates modestly. 2Q18 revenue growth was driven by a ~141% increase Y/Y in core fuel cell systems and infrastructure. We anticipate an even better 2H18 driven by Amazon and WalMart ramping deployments, leading PLUG closer to EBITDAS breakeven, a key company goal for 2018. PLUG discussed installing 150 units at a major U.S. retailer in 2Q, which we believe may be Home Depot. PLUG had its products qualified at a global system integrator for use as a backup power system, demonstrating the breadth and number of customers is growing.” According to TipRanks.com, Driscoll has currently no stars on a ranking scale of 0-5 stars, with an average return of -7.3% and a 35.0% success rate. Driscoll covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, Amer Superconductor, and Canadian Solar Inc. Plug Power has an analyst consensus of Moderate Buy, with a price target consensus of $3.75, implying a 96.3% upside from current levels. In a report released today, H.C. Wainwright also maintained a Buy rating on the stock with a $4 price target. https://www.smarteranalyst.com/brief/plug-power-plug-receive…

Ardea Resources "world’s largest cobalt resource" ???? | wallstreet-online.de - Vollständige Diskussion unter:
https://www.wallstreet-online.de/diskussion/1247765-111-120/…

[Shanghai2006]

Plug Power (PLUG) Gets a Buy Rating from Canaccord Genuity Catie Powers-August 10, 2018, 5:21 PM EDT In a report released today, Chip Moore from Canaccord Genuity maintained a Buy rating on Plug Power (NASDAQ: PLUG), with a price target of $5. The company’s shares opened today at $1.91. According to TipRanks.com, Moore is a 4-star analyst with an average return of 13.1% and a 74.3% success rate. Moore covers the Consumer Goods sector, focusing on stocks such as Renewable Energy Group, Darling Ingredients, and Badger Meter. Plug Power has an analyst consensus of Strong Buy, with a price target consensus of $4.17, which is an 118.3% upside from current levels. In a report released today, H.C. Wainwright also maintained a Buy rating on the stock with a $4 price target. https://www.smarteranalyst.com/brief/plug-power-plug-gets-a-…

Ardea Resources "world’s largest cobalt resource" ???? | wallstreet-online.de - Vollständige Diskussion unter:
https://www.wallstreet-online.de/diskussion/1247765-111-120/…

[Shanghai2006]

Plug Power board members make bigger bet on fuel cell company All eight of Plug Power's board members purchased stock in the company last week, expect for CEO Andy Marsh. By Chelsea Diana – Reporter, Albany Business Review Aug 8, 2018, 1:23pm EDT Updated Aug 9, 2018, 3:05am Plug Power board members acquired several thousand shares of stock last week, worth more than $200,000. All eight of Plug Power's board members acquired stock in the company last week, except for CEO Andy Marsh. This is the fourth time this year that Plug's board members have acquired stock in the company. Plug is scheduled to announce its second quarter earnings tomorrow morning. Jonathon Silver, the newest board member who joined in June, acquired the most stock, with 77,320 shares at a price of $1.94 totaling $150,000. Silver is a prominent clean technology investor and adviser who previously led the federal government’s $40 billion clean energy investment fund and its $20 billion electric vehicle fund under President Barack Obama. Plug Power (Nasdaq: PLUG) makes fuel cells, called GenDrive, used to power forklifts in warehouses and distribution centers. Fuel cells are seen as an alternative to lead-acid batteries. As part of the package, Plug offers hydrogen fueling stations called GenFuel to attract more recurring revenue. The full system is called GenKey. Marsh has been working to make Plug profitable for the first time in 20 years. He came to Plug Power in 2008 with an overhauled business plan and has spent the last 10 years converting Plug from a research company into a manufacturer. In the last decade, Plug has shipped more than 20,000 fuel cell units to dozens of customers including Amazon.com Inc. (Nasdaq: AMZN), Walmart (NYSE: WMT) and Nike (NYSE: NKE). https://www.bizjournals.com/albany/news/2018/08/08/plug-powe…

Ardea Resources "world’s largest cobalt resource" ???? | wallstreet-online.de - Vollständige Diskussion unter:
https://www.wallstreet-online.de/diskussion/1247765-101-110/…

[Shanghai2006]

Plug Power - Q2/2018 Takeaways

- Results largely met management's projections.
- Company guides Q3 in line with expectations and also affirms FY2018 targets.
- Achieved positive gross margins in its hydrogen fuel delivery business.
- Used another $33 million in cash from operating and investing activities.
- Decision on China market entry further delayed.

Plug Power's Q2/2018 results came in largely in line with the company's guidance. In addition, management projected Q3 to also meet current consensus expectations and affirmed full-year targets.

Unfortunately, cash usage from operating and investing activities continues to mount, increasing another $5 million quarter over quarter to $33.2 million with some of the usage caused by overall unfavorable working capital movements as accounts receivable increased and accounts payable decreased, partially offset by an encouraging reduction in the company's inventory position.
As a result, unrestricted cash was a meager $15 million at the end of Q2, down from $46.7 million in the previous quarter, so Plug Power is again running tight on liquidity, only five months after its $100 million convertible bond sale. Investors should expect further cash outflows in Q3, but on the conference call, management guided for an overall cash flow positive second half of 2018. Depending on the amount of cash outflows in Q3 and the timing of customer invoices, this could become quite a stretch in Q4.

That said, margins generally continue to move in the right direction:
Particularly the ongoing improvement in the company's hydrogen fuel delivery business is a remarkable achievement, with gross margins crossing break-even levels for the first time in history. Going forward, management continues to expect some uneven results but guided for the business to ultimately perform at a roughly 5% average margin over the next couple of years.

While the all-time low margins in the company's Walmart (NYSE:WMT) business accounted for under "Power Purchase Agreements (PPAs)" were kind of an unpleasant surprise, investors shouldn't be too concerned here as a good chunk of the losses is caused by the requirement to depreciate the assets leased to Walmart which is a non-cash expense. With an ever-growing fleet of units leased to Walmart, depreciation expense will move up even further going forward.

Please note that the company made a change in calculating adjusted gross profit by removing the "interest component of operating lease expense". The move has an outsized positive impact on reported adjusted gross margins, basically doubling the reported number for Q2 from 4.1% to 8.1%. The effect would have been even more pronounced in Q1 as adjusted gross margins would have improved from -7.2% to -1.1%. To provide an apples-to-apples comparison for investors, I have adjusted the "total gross margin reported" in the table above to the previous calculation method.
That said, even the resulting 4.1% adjusted gross margin number is well within management's previous guidance of 3-5%.

On the conference call, management noted an initial 150 unit deployment with a new customer, "one of the largest retailers in the U.S." with "well over 35 distribution centers" which I suspect to be Target Corporation (NYSE:TGT).
In addition, the company is still working on signing a third anchor customer, which I anticipate to be Home Depot (NYSE:HD), but negotiations are still ongoing and accordingly no deployments have been included in the company's guidance for FY2018.

Looking at the company's new business initiatives, management offered limited tangible information on the call.
Development of the company's new stack design based on its proprietary metal plate technology is ongoing with first field deployments currently scheduled for Q4.
Moreover, the company has recently started to manufacture its own membrane electrode assemblies (MEAs) after acquiring American Fuel Cell LLC in early June. Over time, management expects substantial cost savings from the move.

With regards to China, the company is down to negotiating with two potential partners but concerns regarding IP protection remain a major issue and management does not expect to close a deal in the near future:
I think in the near-term and I am talking 2018, 2019, 2020, I think there are better opportunities. But we will continue to pursue and discuss the China. But I haven't seen a deal I want to take yet.
Looking at the FedEx (NYSE:FDX) delivery van project, there's still just one unit in service (out of 20 originally scheduled to be deployed at the end of last year) with further clarity on a revised rollout schedule now expected from a meeting with partners FedEx and Workhorse (NASDAQ:WKHS) later this month. Management also pointed to interest from potential European customers for the range extender solution, but given how slowly things have moved so far, investors should not expect meaningful short- or even medium-term revenue potential here.
Moreover, the company is still looking to make inroads into airport ground support equipment, but despite management's claims to be "actively engaged with more than 5 customers in the GSE space," this is just another long-standing initiative that yet has to show tangible results. Remember, the company has been involved for years in a challenging pilot project with FedEx at the Memphis International Airport sponsored by the Department of Energy. Management has been relatively tight-lipped on this project in recent years most likely due to the requirement to pull the entire fleet from service in early 2016 caused by poor stack performance. Over the course of 2017, the fleet was redeployed, this time using Plug Power's proprietary stacks. Performance has improved since then, but still the technology looks far from being ready for commercialization, particularly given the fact that this would require outsized integration work with OEMs.

[Shanghai2006]

I am now in.

Here is the Form 10-Q, quarterly report:
https://seekingalpha.com/filing/4131671

Here is the link for the clink of the Plug Power, Inc. (PLUG) CEO Andy Marsh on Q2 2018 Results - Earnings Call Transcript:
https://seekingalpha.com/article/4197286-plug-power-inc-plug…

Some comment from the call from Andy Marsh:
" ... So we have been operating a FedEx van and actually for the last 31 days, it has been filling and running with no interaction between Plug Power and FedEx on keeping the truck on the road. We have a meeting scheduled at the end of August to talk about the rollout of the next 20 units with FedEx and Workhorse. And we should be able to provide more insight at the beginning of the third quarter, but the discussions with FedEx and quite honestly, they are quite happy with the unit.

There was a presentation to the DoE and FedEx presented and one of their competitors presented a solution with fuel cells. We have been working on the program for the same time. The competitor is not even at the integration stage yet. So I think it's a statement of the capabilities Plug has developed.

And one of the statements I made, which is really, I think, is critical when you think about a program like that. Plug is used to working on in operations in forklift trucks where you see 50Gs of shock and vibration. You are operating in freezers at minus 30 degrees, stay in, drive it out at 50 degrees. Quite honestly, working on these delivery vans is a dream because the environment is so stable and consistent. And these units have shock absorbers. And it's a much, much simpler application because of all the capabilities we have developed over time."

" A new retailer with well over 35 distribution centers. And as we found, when you at Walmart and Amazon, both of them large retailers, large fleets, heavy usage of assets, working, in Walmart's case, working at freezers. This customer has a very, very similar profile. And we know the results we had with Walmart in improving their productivity and improving their operations and there is no reason for me to believe we can't prove that again with this customer. It's one that, quite honestly, I have been working on for five or six years. So we are really excited to bring it into the fold."

China market is not fixed yet according the statement of Mr. Alan March:
"I think that's a really good question, Carter. And as I have continued to take a very balanced approach to China. So many of the issue there in the press about [indiscernible] Plug Power's shareholders have invested quite heavily in. So we have been engaging with partners and we are down to two discussions at the moment with companies that we believe have similar, at least, an appreciation of Western business values from their past relationships. The process is progressing. Just knowing where we are today and just having understanding of just the legal steps and business steps that would have to be taken, I am not at the point where I am saying this is going to be the partner and I am not at the point that I am saying Plug is going to be entering this market.

So I would not expect anything this year. I think part of it actually, Carter, is that the opportunity to the company are broad. I really believe we are kind of in a unique position that I don't have to do something. And the work we have done with FedEx has helped us engage with other people globally, especially in Europe and North America. And I think that I look at those opportunities, I look at the breadth in the material handling market, the ground support equipment, it won't be ready this year. But I have some really four or five active discussions going on with people who know me, in most cases. And I look at those opportunities, I think in the near-term and I am talking 2018, 2019, 2020, I think there are better opportunities. But we will continue to pursue and discuss the China. But I haven't seen a deal I want to take yet."

Europe : Carrefour is doing well

Q3 and Q4 will be strong


And I didn't see any news here about the aquisition of American Fuell Cell a developer for Membrane Electrode Assembly technology
https://seekingalpha.com/news/3361964-plug-power-acquires-am…

That will support the business with FedEx and other on-rood industry businesses.

[urfin]

die nächsten 20 FEDEX Lieferwagen kommen demnächst