文章核心观点 - 氢燃料电池生产商Plug Power宣布二次股票发行后股价下跌 过去一年股价暴跌超75% 此时买入该公司股票可能并非明智之举 公司仍在大量消耗现金 若无法获得低成本政府贷款等诸多条件改善 股票仍有下跌空间 [1][6][7] 公司二次股票发行情况 - 公司上周宣布公开发售价值2亿美元股票 以每股2.54美元价格出售78740157股 较发售前收盘价2.93美元折价超13% 此次发售预计7月22日完成 使流通股增加约10.6% [2] 公司现金状况 - 截至6月季度末 公司资产负债表上现金及等价物为6240万美元 受限现金约9.565亿美元 3月第一季度末 现金及等价物为1.729亿美元 受限现金为9.952亿美元 此次更新表明公司又经历了一个大量消耗现金的季度 [2][3] 公司业务模式问题 - 公司商业模式存在负毛利率问题 为客户提供氢气燃料价格低于获取成本 上季度甚至设备销售也是负毛利率 [3] 公司氢气工厂建设情况 - 公司为改善商业模式 计划建设自己的氢气工厂以降低成本并实现盈利 目前有两座工厂已运营 第三座预计年底完成 但全部投产后预计仅能满足约65%的需求 [3][4] 公司潜在贷款情况 - 5月公司获得美国能源部高达16.6亿美元的有条件贷款担保承诺 但该潜在贷款受到审查 美国参议员要求在批准前进行调查 若贷款未获批 公司其他融资成本可能更高 传统贷款机构可能因公司业务和现金消耗状况而不愿提供融资 [4][5] 关于是否买入公司股票的分析 - 目前买入Plug Power股票可能不是好主意 公司持续消耗现金 需要股票发售所得资金来支撑现金状况 发售时机不理想 若公司二季度业绩强劲并给出积极指引 应在公布业绩后股价较高时进行股票发售 公司尚未公布财报日期 但更新的现金状况表明又经历了大量现金消耗季度 毛利率可能未改善 若公司撤回此前四季度氢气业务接近毛利率盈亏平衡的指引 股价可能进一步下跌 目前该股票仍具高度投机性 [6][7]

文章核心观点 - 燃料电池和氢气燃料生产公司Plug Power卖股票比卖燃料电池更在行 公司为筹集现金维持运营意外出售超7870万股股票致股价大跌 因其资金耗尽且业务无法产生现金 且公司自1997年以来从未产生正自由现金流 此次股票发售也难以改变持续现金消耗的局面 投资者抛售股票是合理的 [1][2][3] 股票发售情况 - 周五早盘Plug Power股价暴跌超17% 截至美国东部时间下午2点20分 股价仍下跌13.7% [1] - 公司昨晚收盘价为每股2.92美元 此次将以每股2.54美元的价格出售股票 筹集2亿美元新资金 若需求充足 还希望多出售1180万股 总计9050万股 使筹资总额在扣除成本和承销费前约达2.3亿美元 [2] 资金需求原因 - 公司资金即将耗尽 且其业务无法产生现金来补充 上次报告显示 现金储备不足1.73亿美元 而债务达9.5亿美元 过去12个月现金消耗达16亿美元 [2] 股票投资分析 - 自1997年开始报告财务数据以来 公司从未产生正自由现金流 分析师预计公司可能在2028年实现正自由现金流 但在此之前还需熬过约四年的持续现金消耗期 且公司现有的资金无法支撑到那时 [3] - 即使此次股票发售达到最大规模 筹集的2.3亿美元也不足以覆盖公司两个月的现金消耗 四个月内公司将再次耗尽现金 需出售更多股票以维持运营 投资者抛售股票是合理的 [3]

Plug Power (NASDAQ:PLUG) is among the green energy companies experiencing significant selling pressure today as broader market forces work against growth stocks. In this afternoon’s session, PLUG stock has declined about 13% on the news that the company is looking to raise additional capital.The company announced that it expects to offer approximately 79 million shares to investors at a price of $2.54 per share. That’s significantly below yesterday’s close of $2.92. At the time of writing, PLUG stock is tra ...

Key TakeawaysPlug Power said it would offer roughly 79 million shares at a price of $2.54 each, which would generate gross proceeds of $200 million.The price was below Thursday's close, and the company's shares fell Friday. The company didn't specify a use for the proceeds. Plug Power (PLUG) stock tumbled after the company said it would sell more shares to the public, which it expects to generate $200 million in proceeds. The hydrogen fuel cell producer said it would sell nearly 79 million shares at $2.54 e ...

文章核心观点 - 公司正在建设一个端到端的绿色氢能生态系统,从生产、储存和运输到发电,帮助客户实现业务目标并实现经济去碳化 [5] - 公司已部署超过69,000个燃料电池系统和250个加氢站,是全球最大的液体氢买家 [5] - 公司正在建设一个覆盖北美和欧洲的绿色氢能公路,并建立了一个先进的电解槽和燃料电池生产厂,同时正在开发多个绿色氢能生产厂,预计2028年底前实现商业运营 [6] 公司概况 - 公司是全球领先的绿色氢能综合解决方案提供商 [1] - 公司通过自身和合资伙伴,将绿色氢能解决方案直接提供给客户,应用于多个领域,包括物料搬运、电动出行、发电和工业应用 [6] 融资情况 - 公司宣布以每股2.54美元的价格公开发行7,874万股普通股,预计总募资约2亿美元 [1][2] - 公司还授予承销商30天的超额配售权,可额外发行1,181万股 [1] - 公司计划将募集资金用于一般公司用途 [2] - 本次发行由摩根士丹利担任独家簿记管理人,其他券商担任联席经理 [3]

LATHAM, N.Y., July 19, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (“Plug Power”) (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, today announced the pricing of its previously announced underwritten public offering of 78,740,157 shares of its common stock at a price to the public of $2.54 per share. The offering is expected to close on or about July 22, 2024, subject to market and other customary closing conditions. In connection with the offering, Plug Power ...

LATHAM, N.Y., July 18, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. ("Plug Power") (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, today announced that it has commenced an underwritten public offering of $200,000,000 of its common stock. In connection with the offering, Plug Power intends to grant the underwriters a 30-day option to purchase up to $30,000,000 of additional shares of common stock. Plug Power intends to use the net proceeds from the offering for ...

Energy Plug Announces Memorandum of Understanding with Power Touch Corp. to Provide Battery Energy Storage for Internet and AI Data CentresJuly 18, 2024 9:29 AM EDT | Source: Energy Plug Technologies Corp.Vancouver, British Columbia--(Newsfile Corp. - July 18, 2024) - Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) ("Energy Plug" or the "Company"), an energy technology company dedicated to innovation and sustainability, today announces that it has entered into a Memorandum ...

Vancouver, British Columbia--(Newsfile Corp. - July 17, 2024) - Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) ("Energy Plug" or the "Company"), an energy technology company dedicated to innovation and sustainability, is issuing this corporate update to highlight key activities and outline the Company's near-term objectives.Highlights: Initial Battery Energy Storage System ("BESS") Client: Energy Plug has signed its first battery storage deal with Ximen Mining Corp. on June 11, 2024 w ...

The S&P 500 has roared higher to start 2024. This fuel cell stock? Not so much.After Plug Power (PLUG -8.18%) stock plummeted 64% in 2023, investors rang in the new year with renewed hope that the fuel cell and hydrogen stock would be able to rebound from the previous year's performance.Through the first half of 2024, however, those hopes have hardly been realized. Plug Power stock's nosedive continued, as it fell 48% in the first six months of 2024, according to data provided by S&P Global Market Intellige ...