FormerXBC Inc XEBEQ

RE:Found this on yesterday's PLUG board

[Nadia6519]

AND THIS IN THIS MORNING'S GLOBE AND MAIL :

Morgan Stanley analyst Stephen Byrd published his top two ideas in the renewable power sector: solar energy system provider Sunrun Inc. and hydrogen fuel cell developer Plug Power Inc.

“We expect RUN will report ~$7.9k of net subscriber value (when using management’s renewal assumptions), which compares to ~$5.6k of net subscriber value in 2Q21. As a quick refresher, in 2Q21 RUN’s order volume increased 25% Q/Q, however its installs increased just 11% Q/Q. As a result, it recognized a significant amount of creation costs (sales and marketing and capex) related to [systems] that had not yet been placed in service; therefore, the future cash flows from those volumes were not included in subscriber value. However, management expects net subscriber value to be significantly higher in the second half of 2022 … Plug Power: Strong growth in gross billings: We are forecasting a 22% Y/Y increase in gross billings to $151m. PLUG already provided an update to its 2022 and longer-term guidance at its investor day earlier this month, but we believe some clarity could be provided on potential upside to its guidance from its JV with Fortescue and recent acquisition of ACT.”

“@SBarlow_ROB MS’s top 2 ideas in renewable power stocks” – (research excerpt) Twitter