Plug Power Drops Plans for Two Plants, Cuts Hydrogen Production Outlook

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Plug Power Drops Plans for Two Plants, Cuts Hydrogen Production Outlook

seekingalpha2022-10-20

Plug Power stock tumbled 11.3 in Wednesday's trading after cutting its full-year forecast for hydrogen production, according to Bloomberg, after abandoning plans for two plants and experiencing ...

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trojan1337
·2022-10-20
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Juris88
·2022-10-20
Clean energy is still the way of the future. Youcan never go wrong betting on Plug on it.
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- Mib1515:
  K
  2022-10-20
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- ChrisLiew:
  nice
  2022-10-20
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after abandoning plans for two plants and experiencing ...</p>\n\n<a href=\"https://seekingalpha.com/news/3892711-plug-power-drops-plans-for-two-plants-cuts-hydrogen-production-outlook\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLUG":"普拉格能源"},"source_url":"https://seekingalpha.com/news/3892711-plug-power-drops-plans-for-two-plants-cuts-hydrogen-production-outlook","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2276543336","content_text":"Plug Power stock tumbled 11.3 in Wednesday's trading after cutting its full-year forecast for hydrogen production, according to Bloomberg, after abandoning plans for two plants and experiencing permitting delays at a third facility.Plug (PLUG) will be able to make ~50 tons/day of green hydrogen by year-end 2022, down from an earlier forecast of 70 tons/day, although it remains on track to hit its forecast of 200 tons/day by the end of 2023, Chief Strategy Officer Sanjay Shrestha reportedly said at the company's annual symposium.The company has abandoned plans for plants in Pennsylvania and Canada, and is encountering permitting delays for another site in New York.Plug (PLUG) said last week that FY 2022 revenues could come in 5%-10% below guidance of $900M-$925M.Earlier Wednesday, Plug Power (PLUG) announced a joint venture with Olin Corp. to build a 15 tons/day green hydrogen plant in Louisiana.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9983646999,"gmtCreate":1666233764011,"gmtModify":1676537727265,"author":{"id":"3576383088169982","authorId":"3576383088169982","name":"Juris88","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3576383088169982","idStr":"3576383088169982"},"htmlText":"Clean energy is still the way of the future. Youcan never go wrong betting on Plug on it.","listText":"Clean energy is still the way of the future. Youcan never go wrong betting on Plug on it.","text":"Clean energy is still the way of the future. Youcan never go wrong betting on Plug on it.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9983646999","repostId":2276543336,"repostType":2,"repost":{"id":"2276543336","pubTimestamp":1666232338,"share":"https://ttm.financial/m/news/2276543336?lang=&edition=fundamental","pubTime":"2022-10-20 10:18","market":"us","language":"en","title":"Plug Power Drops Plans for Two Plants, Cuts Hydrogen Production Outlook","url":"https://stock-news.laohu8.com/highlight/detail?id=2276543336","media":"seekingalpha","summary":"Plug Power stock tumbled 11.3 in Wednesday's trading after cutting its full-year forecast for hydrog","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/PLUG\">Plug Power</a> stock tumbled 11.3 in Wednesday&#39;s trading after cutting its full-year forecast for hydrogen production, according to Bloomberg, after abandoning plans for two plants and experiencing permitting delays at a third facility.</p><p><img src=\"https://static.tigerbbs.com/5f0ce05cf4f5a076f5c1abee997e3f0d\" tg-width=\"865\" tg-height=\"670\" width=\"100%\" height=\"auto\"/></p><p>Plug (PLUG) will be able to make ~50 tons/day of green hydrogen by year-end 2022, down from an earlier forecast of 70 tons/day, although it remains on track to hit its forecast of 200 tons/day by the end of 2023, Chief Strategy Officer Sanjay Shrestha reportedly said at the company&#39;s annual symposium.</p><p>The company has abandoned plans for plants in Pennsylvania and Canada, and is encountering permitting delays for another site in New York.</p><p>Plug (PLUG) said last week that FY 2022 revenues could come in 5%-10% below guidance of $900M-$925M.</p><p>Earlier Wednesday, Plug Power (PLUG) announced a joint venture with Olin Corp. to build a 15 tons/day green hydrogen plant in Louisiana.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta 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{color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPlug Power Drops Plans for Two Plants, Cuts Hydrogen Production Outlook\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-20 10:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3892711-plug-power-drops-plans-for-two-plants-cuts-hydrogen-production-outlook><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Plug Power stock tumbled 11.3 in Wednesday's trading after cutting its full-year forecast for hydrogen production, according to Bloomberg, after abandoning plans for two plants and experiencing ...</p>\n\n<a href=\"https://seekingalpha.com/news/3892711-plug-power-drops-plans-for-two-plants-cuts-hydrogen-production-outlook\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLUG":"普拉格能源"},"source_url":"https://seekingalpha.com/news/3892711-plug-power-drops-plans-for-two-plants-cuts-hydrogen-production-outlook","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2276543336","content_text":"Plug Power stock tumbled 11.3 in Wednesday's trading after cutting its full-year forecast for hydrogen production, according to Bloomberg, after abandoning plans for two plants and experiencing permitting delays at a third facility.Plug (PLUG) will be able to make ~50 tons/day of green hydrogen by year-end 2022, down from an earlier forecast of 70 tons/day, although it remains on track to hit its forecast of 200 tons/day by the end of 2023, Chief Strategy Officer Sanjay Shrestha reportedly said at the company's annual symposium.The company has abandoned plans for plants in Pennsylvania and Canada, and is encountering permitting delays for another site in New York.Plug (PLUG) said last week that FY 2022 revenues could come in 5%-10% below guidance of $900M-$925M.Earlier Wednesday, Plug Power (PLUG) announced a joint venture with Olin Corp. to build a 15 tons/day green hydrogen plant in 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