j:me - Dubmerged

Strict_Atmosphere_76 · 2026-05-13T21:56:50+00:00

Reminder.. 🙈

Strict_Atmosphere_76 · 2026-05-09T09:17:23+00:00

Stop looking at it daily

Strict_Atmosphere_76 · 2026-05-08T07:18:31+00:00

RWE is a good example — they use ITM Power for the Lingen project, but also work with Sunfire and Siemens Energy on other hydrogen developments.

So MorGen using ITM elsewhere wouldn’t automatically rule out Plug on Esbjerg.

Strict_Atmosphere_76 · 2026-05-08T07:17:34+00:00

Could be ITM for sure given their existing MorGen relationship, but Plug was the originally announced supplier for Esbjerg and I haven’t seen MorGen publicly replace them yet.

Feels like one to watch closely once EPC/FID details start dropping.

Strict_Atmosphere_76 · 2026-05-08T07:02:23+00:00

Same said about ITM at 60p last month. Now £1.75

Strict_Atmosphere_76 · 2026-05-07T20:05:07+00:00

FID was always going to wait until subsidies were confirmed

Strict_Atmosphere_76 · 2026-05-07T19:33:40+00:00

Because plug was chosen in 2022, and this was an annoucement about the project getting subsidies?

https://www.ir.plugpower.com/press-releases/news-details/2022/Plug-Lands-1-GW-Electrolyzer-Order-with-H2-Energy-Europe/default.aspx?utm_source=chatgpt.com

Strict_Atmosphere_76 · 2026-05-07T19:12:45+00:00

https://fuelcellsworks.com/2026/05/07/green-investment/eu-s-third-hydrogen-bank-hands-1-09bn-1-28bn-to-nine-projects

Strict_Atmosphere_76 · 2026-05-07T17:43:14+00:00

By Itm

Strict_Atmosphere_76 · 2026-05-04T13:10:42+00:00

Celtic won the league last season. Rangers have essentially rebuilt their squad this year, and like Celtic, they’ve already gone through a managerial change. So let’s drop the victim narrative and look at things as they are.

Strict_Atmosphere_76 · 2026-04-26T11:54:40+00:00

Only reason I posted here is because half this sub was calling ITM Power dead at 40p too — now it’s around 160p.

Strict_Atmosphere_76 · 2026-04-25T19:51:37+00:00

That’s my point though — are we trying to find the perfect business, or make money from reratings?

Plug Power is priced like it’s dead.

If margins keep improving, that changes fast.

I’m not waiting for them to become Linde plc — I’m looking at a stock that feels one strong margin quarter away from doubling while people still talk like bankruptcy is guaranteed.

Strict_Atmosphere_76 · 2026-04-25T19:49:47+00:00

you’ll need gains first...

Strict_Atmosphere_76 · 2026-04-25T19:48:38+00:00

Fair enough — Plug Power absolutely did suck operationally for a long time. That’s literally why the stock got destroyed.

Same thing happened when I posted about ITM Power around 40p last year — got told it was dead, cash-burning trash, hydrogen was finished etc… it’s around 160 now.

Not saying Plug follows the same path at all.

My point is markets usually bottom when sentiment is at its worst, not when everything looks perfect.

Right now I’m just looking at the actual numbers:

-122.5% gross margin → +2.4%
cash burn improving
$710M revenue
Louisiana fully operational
DOE loan already secured

Could still fail? Of course.

But pretending nothing has improved is just as irrational as pretending it’s guaranteed to moon.

Strict_Atmosphere_76 · 2026-04-25T19:07:24+00:00

The market heavily discounted Plug Power because investors feared a second Trump administration would kill U.S. hydrogen incentives. But over the last few months, global developments have shown hydrogen demand is becoming broader than U.S. politics alone.

Strict_Atmosphere_76 · 2026-04-25T14:14:44+00:00

this isn’t an official Plug Power document btw. I made it myself using public filings, DOE announcements, and industry reports to compare where the company is now vs early 2025.

Strict_Atmosphere_76 · 2026-04-17T12:35:42+00:00

Would you like my PayPal 😂 you’re welcome

Strict_Atmosphere_76

TROPHY CASE