From GEVOs Jan PR
This new technology has the potential to address additional markets in the chemicals and plastics fields, such as renewable polypropylene for automobiles and packaging and renewable hydrogen for use in chemical and fuel cell markets.
Here' a link to a video showing POSCO's new 59 MW fuel cell power plant in South Korea. It will help the sector. PLUG has ReliOn for it's stationary fuel cell.
I think GE would be smart to buy PLUG at this point. Here's some links to the GE MicroGen 7000 back around 2000-2001 when PLUG was $130 per share.
Story from 2013, room for growth:
If you look at Yahoo's daily Historical Prices, take a look at Dec 30, 2013 to Mar 30, 2014.
On Friday Jan 3, 2013 PLUG closed at $2.61. Three trading days later to traded as high as $4.90.
Will history repeat this week? Take a look at the infamous Mar 11, 2014 volume and price swing.
This could be an interesting week!
Read charges #57 - 66 at the site below
No, but her's one of my old post from 2000 when PLUG was over $100. (It never was over $1000 FWIW, they did a huge reverse split, I think 100 to 1.
PLAY THE FIELD
I bought PLUG in March, 2000 at $132 and sold it a week later for $123. Here is my post from 3/17/2000 on theUTX board.
Unfortunately I started lookinginto FC's only a week ago. I sold PLUG after only a few days because of its high cost and risk. A lot of things have to go right for an investment at PLUG'S current prices for it to pay off. With PLUG you are only on the manufacturing side of FC's and with a few hundred employees and an overvalued $5B MKT CAP. I put 30% of my portfolio into UTX at $57 for the FC play. UTX could be in a much stronger position than GE MicroGen (PLUGS FC) by having a similar product produced by IFC and Carrier. UTX would have world wide marketing, manufacturing and service by a system that is already in place. If FC's take off it would have a dramatic effect on UTX's $26B MKT CAP. If FC's don't pan out I won't be wiped out by owning UTX stock.
I believe FC's will be successful in cars and in commercial and residential power (UTX is in all three). The point being that I'm not looking for the next Microsoft, but more like the next Dell. There will be many manufacturers of FCs. But you need to cover the field. The big winner may not even exist today or could be foreign. I also own FCL and will buy PLUG and BLDP if the price becomes reasonable.
Back in 2000 ISO (Illinois Superconductor, now part of SCON) went from 33 cents to $49.45 in 60 days. A short squeeze can get really nasty. It's very risky to be short PLUG right now.
There is a good video presentation on YouTube on illegal naked short selling. It's well worth your time to watch all parts.
Drop this next line in Google to find Part one:
Dark Side of the Looking Glass Part 1
Sentiment: Strong Buy
From Plugs web site:
"The utility industry is tasked with providing power to millions of homes and businesses, increasing quality of life and providing the means for critical transactions every day. When power fails, processes literally stop. For that reason, utilities are concerned with enabling their most important systems to run even through blackout conditions via backup power."
"Plug Power is focused on providing backup power solutions to the transmission and distribution portions of this industry, where reliability is of key concern and battery back-up systems have been in use for many years. Plug Power’s ReliOn fuel cells are currently working in utility sites to increase reliability and runtime for substation control (SCADA) and communications networks (utility telecom) – the keys to maintaining control of the electrical grid."
From Plug's GenFuel web page:
Plug Power is considering several strategic solutions, including:
Migrate into hydrogen generation either on-site or at a larger facility to be used as a hub for hydrogen distribution
Now go to Southern's 2014 Annual Report
"Doing Energy Better", scroll down to "Making Energy Better" and click "learn more"
Then scroll down a few pages to the SO Prize and "The Hydrogen Alternative", read the page and watch the video taken in the M-B plant with Plug powered fork lifts