I won't short it until the stock starts to exhibit some weakness so this looks like a very low risk - high possible return trade for me.
This should be no difference from Camtek last week.
actually I am also looking to get short the shares here and I am an experienced trader. The easy money on the long side has been made. Imagine what happens if the company decides to seize the moment and comes up with a huge secondary offering which is almost a sure bet here I guess.
this will be MUCH lower at the end of the week especially if they finally launch a new secondary offering once their stock has traded above $1 for 9 above consecutive trading days.
yes - they are buying the stacks from Ballard Power - they are just fitting them into their Gendrive units which makes them something a little bit above a value added reseller. Consequently gross margins are still negative as of today and even the notoriously optimistic PLUG management doesn't expect them to move above 30% ever.
just calculate with the company to replace EVERY lead acid battery in EVERY forklift truck around the whole world over time to make it sound even more disruptive and impressive. Perhaps you might want to even have your own little Gendrive powered forklift truck at home one day.
actually there's a reason why Tesla and Boeing don't use Gendrive units for their products. There' simply no way this could technically work. Perhaps there might be a way in the future but the price would be prohibitive either way.
why not 100 billion ? I guess that would be an appropriate valuation for a small niche player in the red hot forklift business. Perhaps at one time in the future every household might have an own Gendrive Forklift in its garage. Forget about Segway or TSLA. Gendrive forklifts will for sure rule the world one day. Just let us help them escape from the dirt and dust of these old warehouses where they are being held as working slaves currently.
actually the major advantage of the Gendrive technology is the long refueling interval so stop talking nonsense here
a forklift which needs to be refueled during daily operation wouldn't sell at all
lol lol lol - Andy has NEVER EVER delivered to ANY of his promises so don't speak of this dazzler as being conservative - an a $400 million market opportunity does not mean that PLUG will earn all of that revenue
you guys don't get it - they are speaking about BOOKINGS - and actually these bookings have not been secured yet.
they already pre-announced revenue expectations for Q4 in November - around $7.5 mln
bookings just mean FUTURE revenues which will be spread over several quarters.
if most of the newbies here got that wrong one should short the stock going into Q4 earnings I guess.
can't believe it they do this again
just look at the volume - this will end at day lows and will likely go lower next week as institutional investors are heading for the exits - didn't you listen to the conference call ? Why are you staying with this company instead of switching into much better players like JKS or YGE for example ? Why didn't you take your huge profits when the stock was around $5 ?
clearly the stock is getting removed from the portfolios of alternative energy institutional investors currently as the company left analysts scratching their head during the conference call. Actually nobody did understand the company's motivation for the sudden change in the long standing business strategy and the corresponding termination of long term wafer supply contracts.
Given the painfully weak balance sheet (despite an equity offering during the quarter), the permament removal of polysilicon production capacity, poor margins and close to zero downstream exposure the stock should be avoided until the company finally proves they will be able to participate in the solar recovery.
Except for bankrupt players Suntech and LDK and much smaller peer CSUN I don't see a weaker company in the whole business segment currently. This one should continue to underperform its peers by a wide margin.
that was my first thought when I read the press release yesterday - but after listening to the conference call I changed my mind as this in fact was one of the worst calls I have ever listened to. There's a transcript on seekingalpha available so everyone can assess management's statements for himself.
But after learning that the company has no clue when the Chinese local governments might finally decide to pay out subsidies for projects already connected to the grid and a huge strategy change from a hybrid wafer / module model to an almost sole module producer I guess the stock is still overvalued here as the weak balance sheet and the risky business model change worsened by uncertainty about cash flows from the Chinese government and the failed polysilicon factory upgrade makes this one look like a big loser among Chinese solar peers (apart from STP und LDK of course).
perhaps you guys should note that the original stock trades on the Sao Paolo stock exchange in Brasil. Therefore the US ADR trading always adjusts to the share price in Brasil - once Brasil is closed the ADR usually moves up in the US as uneducated investors think this will pick up momentum.
so short the stock just before closing in the US and buy back in pre-market each day - this is so easy that I am almost ashamed of making so much money without even thinking.
one time impairment charge I wouldn''t care about at all - much more disappointing is the weak wafer shipment guidance going forward and management's comments about the Chinese government not paying promised subsidies
would cover here and wait for the Q4 earnings call - this is not the time to be short the stock - now that they have raised cash they will be able to predict a pick up in business for another six quarters or so until investors realize that the company is mostly hot air with the exception of the new low margin and ultra risky Apple business.
don't touch the shares here !!! wannbe smart guys have accumulated several 100,000s of shares in anticipation of the uplisting - it will take months for this overhang to be removed- watch this going back to $2
promising membrane technology but painfully weak management execution - will revisit the shares in the low $2s at the beginning of next year