Plug Power’s third-quarter results proved disappointing. The company said that the figures didn’t have any influence on its great prospects, considering a customer base which includes corporations as large as Walmart and Amazon. Their bookings are expected to top USD 600 million in the coming years. During the reporting period, Plug delivered 2,753 GenDrive systems for forklift retrofits, which generated USD 61.4 million in revenue. Current production capacity is at 15,000 systems per year, with 95 percent of them manufactured in-house. Ballard’s contribution has been reduced to a minimum. (more…)
Hydrogenics (Nasdaq: HYGS) has a full schedule with USD 151.2 million in backlog for several types of fuel cell applications, from truck conversion kits (Scania in Norway) to bus stacks in China to H2 refueling stations and power-to-gas systems. A loss of USD 5.7 million (minus USD 0.45 per share) in the second quarter can be considered a temporary slump, as the company said that some shipments had been moved to the third. Hydrogenics intends to stick to the forecast it had published for the entire year. (more…)
The losses of the US-based company increased during the last quarter of 2015 to USD 320 million. Over the entire year, they added up to around USD 980 million. Whether you choose GAAP (the default rulebook) or the visually more enticing non-GAAP accounting standards (with the latter, the result per share seems to improve “cosmetically”) is not the main question. The larger issue is whether the trend points to a balanced result or even a profit. That was now the plan for 2016, as CEO Elon Musk announced. (more…)
A capital increase again: around US$ 750 million going to Tesla. Whether this will help provide the cash needed to build the Gigafactory for batteries – which is said to cost up to US$ 5 billion – seems doubtful. The increase also left a bitter aftertaste, as Morgan Stanley was the underwriter (placed the shares) of the “spontaneous” capital increase and, at the same time, a new study (more…)
Courses of the share prices of four listed companies
It may well be the case that Plug Power has itself triggered the fall in the price of its shares that occurred in recent weeks, as described in detail and substantiated by a report (Seeking Alpha dating from 2.9.2015). In detail: 1. The takeover of HyPulsion, the European joint venture with Air Liquide for US-$ 11.5 m. was settled in shares (6.4 m. units due to the fall in the share price instead of the originally planned 4.8 m. shares), whereby it had already been made clear that the Air Liquide subsidiary, Axane SA, would register these shares and sell them on the stock exchange. Plug would have been better off paying the US-$ 11.5 m. (more…)
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
Cookie
Duration
Description
cookielawinfo-checbox-analytics
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional
11 months
The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy
11 months
The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
