Google this: "A Path for Climate Change, Beyond Paris"
for a long article published Dec. 1, 2015.
From the article:
"To achieve the emissions goals, the entire economy, including transportation, needs to be electrified as much as possible. That might mean cars’ running on batteries, but it could also mean cars’ running on hydrogen, created by using nighttime electricity from nuclear reactors or wind turbines to split water molecules."
Dec. 3, 2013 -- High = 0.84
Dec. 4, 2013 -- Low = 1.01
Dec. 4, 2013 -- High = 1.28
Dec. 5, 2013 -- Low = 1.43
No one claims with 100% certainty that these gaps will be filled.
Your assertion that the chart is free of gaps, however, is incorrect.
Gaps remain at 1.28 and 0.84. Gaps are not always filled, but the vast majority are.
Hallelujah. We are continuing to run. Maybe shorts are covering. In conjuction with the COP in Paris I believe pledges are being made to spend trillions over the next 10 years on clean energy. Maybe a particular short has decided to capitulate and take proifit. No news, so no way tet to know for sure why Plug is out of the doghouse, but I will take it I wish I had bought more at 1.69.
Let me clarify. Even if shorts manage to beat PLUG back under 2.00, they will not succeed in getting it more than a few pennies below 1.70 no matter how well they do.
Wednesday, the day the run-up happened, was a vacation day for a lot of market participants. Someone seems to have been accumulating, but the opposing team was playing short-handed and pps therefore rose unopposed. On Friday the run petered out on low volume. Shorts will try to trigger stops on Monday and shake out weak hands that chased the run.
If on the other hand someone knew in advance news that we will all hear on Monday -- which I doubt but would account for Wednesday's move -- the run-up will continue.
In the absence of news and the presence of short sellers back at their desks on Monday, I expect a pullback, but I find it highly doubtful pps can be driven below around 1.70 because support at that level is strong..
I expect PLUG will be clobbered on Monday. The jury is out on whether the hedgies can break support around 1.70. Major news could turn resistance at 2.40 into support.
From Plug Power's website. (Google "Plug Power: Ground Support Equipment"):
"Plug Power is currently developing this technology through a $2.5 million award from the Department of Energy to modify two electric ground support tractors for FedEx Express in Memphis, TN."
FedEx has been testing these two units for just about a year and should be on the verge of making a decision. Another reason PLUG ran up a bit this week might be that FedEx is about to announce that they are going to convert their entire GSE fleet to GenDrives.
A mere "bump it" would suffice.
U.S. traders are dominated by short scammers. European money is old-school investment capital. Plug signed up a Belgian company recently and thus became visible to European investors. JMO.
"Memo to Ottawa: We can solve climate change in our lifetime"
Toronto Star, Nov 26 2015
From the article:
"Over $6 trillion is expected to be invested in clean technology over the next decade."
Plenty of this money will be invested in H2.
Some of it, in fact, might account for the little rise Plug saw on Wednesday.
Could just have run on the technical pump at stoxline. Depends on how many day traders subscribe to that site. Or maybe you're right and there is news.
That FC stealth SUV 3M is working on with the military is a potential cash cow provided Andy rips off the military like every other company does instead of giving them a sweetheart deal that costs Plug more to sell them their FC's than it costs to make them.
Shorts, Plug executives, and day traders willing to accumulate small wins while Plug sorts out its balance sheet. No reason to fear buying the dips and selling the pops and runs.
There is time for Plug to get their finances straightened out before having to dilute.