Well, finally you got the math right. The reset impact has been already felt the last 10 days I guess so I don't think there will be much further pressure as those additional shares issued will be mainly used to cover short positions opend during the reset period.
Q2 might be good but I am wondering what will happen to Q3
Let's see what Mr. Market will make of this
Well, you are an idiot.to say the least.
Calculate VWAP using the following steps:
• Pick what period you’ll use as your input, 1-minute price bars, 5-minute price bars, etc.
• For each bar take the High + Low + Close and divide by 3. This gives you a “typical” price for that period.
• Multiply the typical price of that period by the volume for that period, to get the Weighted Price.
• Keep a running total of the Weighted Price, as well as a running total of volume as new data becomes available (a period ends). These are called Cumulative (or Total) Weighted Price and Cumulative Volume respectively.
• To get the VWAP, divide the Cumulative Weighted Price by Cumulative Volume.
Would expect $1 to be tested this week.
I guess you will be the fool here ultimately. This will go all the way Axion Power did because of the toxic financing.
sure they will - they are just working through their loss bringing backlock slowly and they don't sell anything
and actually it is not over yet - would fully expect this to close below $1.25. Another reverse split is looming
It won't rebound. Investors will learn that the company will have to issue more than 3 million shares to satisfy the reset clause. The press release will put further pressure on the shares.
That's wrong. The technology is far too expensive due to the cost of hydrogen and current US demand is mainly artificial because of tax incentives running out in 2016. Without huge subsidies there's no chance for fuel cells to replace meaningful parts of the lead-acid powered fork lift fleets. There have been huge reliability problems by PLUG powered devices also. Downtime of their fuel cell forklift trucks due to repairs is a multiple of lead-acid powered forklifts.
As PLUG is in fact guiding for a record revenue quarter, revenues will have to be at least $21.5 mln so my early guess of between $15-20 mln looks clearly wrong. But again, if they had numbers above analyst estimates and progress in bookings and margins they would have put this in the press release. Still believe that revenues will come in substantially below analyst estimates and bookings and margins to disappoint.
Perhaps management should care for their business instead of going on bus tours.
No, but how many of the now shipped units will be recognized in Q2 ? You need to ask yourself why they don't give out the revenues and bookings numbers despite already knowing them.
No statements on product or service gross margins either - would strongly expect very poor revenues, margins and bookings for Q2. Analysts will scratch their heads about the company maintaining guidance at this time.
From Q4/FY14 report:
"The Company shipped 957 GenDrive units and had GenFuel installation sales associated with eight sites during the fourth quarter of 2014 compared to 279 GenDrive units and no GenFuel installation sales in the fourth quarter of 2013. Total revenue for the fourth quarter of 2014 was $21.5 million, comprised of $12.2 million for product revenue, $8.4 million for service revenue and $0.9 million for research and development (R&D) contract revenue."
So this time they shipped less units and I don't see 8.4 mln dollar in service revenue either. Add the revenue recognition issues and Q2 revenues might come in between $15-20 mln compared to analyst expectations of $25 mln.