$5.4 million per year. Just like a short trying to understate it by 8 percent. All this contract did was get HYGS back to where it was trading less than ten trading days ago after a fall on small volume. A pretty insignificant gain if you look have a grip on reality. HYGS just earned their way back into the headlines. This gives HYGS a better starting point when Toyota and all the peers promote Fuel Cells as their vehicles become mainstream later this year and garner the attention that with give fuel cell companies fuel for a sustained couple hundred percent all around. It is just a shame that HYGS so undervalued relative to its peers. It was only a short while ago (few years) HYGS had a higher market cap than BLDP.
HYGS received a 50 million dollar European commuter train order and PLUG just entered a large shoe factory. Its about time for people to realize fuel cells are not a fly by night and heat up to last years glory.
Not as much certainty in the call. Last quarter was like we are going to do it and this quarter was like just we should still make it but will change hiring plans if things change.
Someone wanted to drop 100k's this morning so its probably hedgy lightening the load. I see a return to an uptrend after the guidance shock for next quarter as long as hedgy lightens the load. THey may just want to play with the market and get some additional shares cheap and all of a sudden you see the 100k asks dissapear and have 100k bids in there place taking SMSI positive for the day.
Guidance was given with vision of at least half the quarter and they like to guide so they could beat. Something like this would come with at least a 50% gain in a day. This is what I expect. There is a reson for the recent move and what w will likely see Monday and Tuesday.
Earnings are in two trading days. The volume is not going away and expectations and results should lead the stock on a nice high volume run. Someone just increased their holding to almost 10% of the company.