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Universe宇宙
Travelling around the universe
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Universe宇宙
Universe宇宙
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2021-12-30
First post 😉
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Universe宇宙
Universe宇宙
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2021-12-29
First post 😉
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Universe宇宙
Universe宇宙
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2021-12-28
Higher, higher and more higher than inflation and interest rates! 😉🎉
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Universe宇宙
Universe宇宙
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2021-12-28
First post 😉
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Universe宇宙
Universe宇宙
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2021-12-27
First post 😉
Plug Power Trades Like A Story Stock And Smells Like An Early-Stage Tesla<blockquote>普拉格能源的交易就像一只故事股票,闻起来像早期的特斯拉</blockquote>
Summary The stock of Plug Power enjoyed some great appreciation during the last years, which seems
Plug Power Trades Like A Story Stock And Smells Like An Early-Stage Tesla<blockquote>普拉格能源的交易就像一只故事股票,闻起来像早期的特斯拉</blockquote>
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Universe宇宙
Universe宇宙
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2021-12-26
First post 😉
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Universe宇宙
Universe宇宙
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2021-12-25
First post 😉
Electric boat developer Forza X1 files for a $29 million IPO<blockquote>电动船开发商Forza X1申请2900万美元IPO</blockquote>
Forza X1, a fully electric boat developer being spun out of Twin Vee PowerCats, filed on Thursday wi
Electric boat developer Forza X1 files for a $29 million IPO<blockquote>电动船开发商Forza X1申请2900万美元IPO</blockquote>
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Universe宇宙
Universe宇宙
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2021-12-24
Time to take your pills? [LOL]
Pfizer’s Covid Pill Gets Green Light. Investors Are Starting to Pay Attention to the Stock.<blockquote>辉瑞的Covid药丸获得批准。投资者开始关注该股。</blockquote>
The Covid-19 pill is here, and it couldn’t have come at a better time. The pandemic grew darker over
Pfizer’s Covid Pill Gets Green Light. Investors Are Starting to Pay Attention to the Stock.<blockquote>辉瑞的Covid药丸获得批准。投资者开始关注该股。</blockquote>
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Universe宇宙
Universe宇宙
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2021-12-24
[Spurting] [Facepalm]
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Universe宇宙
Universe宇宙
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2021-12-24
First post 😉
Hong Kong: Stocks rise in opening trade<blockquote>香港:股市开盘上涨</blockquote>
Hong Kong stocks rose at the open of a shortened pre-holiday session Friday (Dec 24) following stron
Hong Kong: Stocks rise in opening trade<blockquote>香港:股市开盘上涨</blockquote>
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😉","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":4,"commentSize":17,"repostSize":0,"link":"https://laohu8.com/post/696978060","repostId":"1111088353","repostType":4,"repost":{"id":"1111088353","kind":"news","pubTimestamp":1640610579,"share":"https://www.laohu8.com/m/news/1111088353?lang=zh_CN&edition=full","pubTime":"2021-12-27 21:09","market":"us","language":"en","title":"Plug Power Trades Like A Story Stock And Smells Like An Early-Stage Tesla<blockquote>普拉格能源的交易就像一只故事股票,闻起来像早期的特斯拉</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1111088353","media":"Seeking Alpha","summary":"Summary\n\nThe stock of Plug Power enjoyed some great appreciation during the last years, which seems ","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul> <li>The stock of Plug Power enjoyed some great appreciation during the last years, which seems hard to explain when purely looking at the fundamentals.</li> <li>The stock performance of almost 2,000% over the last 5 years is an illustration of the increased momentum of the hydrogen market.</li> <li>Plug Power shows some important parallels with Tesla, on which I will elaborate in this article.</li> <li>If the sentiment can remain positive while growth continues, short-term fundamentals might not matter much.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/80405c7f3988b402597ce18944c15c47\" tg-width=\"1536\" tg-height=\"683\" width=\"100%\" height=\"auto\"><span>http://www.fotogestoeber.de/iStock via Getty Images</span></p><p><blockquote><ul><li>普拉格能源的股票在过去几年中大幅升值,如果纯粹从基本面来看,这似乎很难解释。</li><li>过去5年近2,000%的股票表现说明了氢市场的增长势头。</li><li>普拉格能源与特斯拉有一些重要的相似之处,我将在本文中详细阐述。</li><li>如果在增长持续的同时,市场情绪能够保持积极,那么短期基本面可能并不重要。</li></ul><p class=\"t-img-caption\"><span>http://www.fotogestoeber.de/iStock来自Getty Images</span></p></blockquote></p><p> How can a company in a niche sector which has continuously burned cash over the years have a market capitalization of over $17B? Plug Power (PLUG) is a pure-play hydrogen company that has yet to run a profit. Still, the stock has returned a total of almost 2,000% over the last 5 years.</p><p><blockquote>一家多年来不断烧钱的利基行业公司,市值怎么可能超过170亿美元?普拉格能源(PLUG)是一家纯粹的氢能公司,尚未盈利。尽管如此,该股在过去5年中的总回报率仍接近2,000%。</blockquote></p><p> In this article, I will investigate the promises and expectations behind Plug Power and compare the stock to another stock with large promises: Tesla (TSLA).</p><p><blockquote>在本文中,我将调查普拉格能源背后的承诺和期望,并将该股票与另一只具有巨大承诺的股票:特斯拉(TSLA)进行比较。</blockquote></p><p> <b>Great stock performance, but a lofty valuation</b></p><p><blockquote><b>股票表现出色,但估值很高</b></blockquote></p><p> Plug Power has behaved somewhat like a battleground stock during the last couple of years. Ever since the 2014 hydrogen rally, Plug Power has remained a stock that lured investors who believe in the technology, but also attracted quite some short-sellers, judged by its current short interest of almost 10 percent.</p><p><blockquote>过去几年,普拉格能源的表现有点像战场股票。自2014年氢能反弹以来,普拉格能源一直是一只吸引相信该技术的投资者的股票,但从其目前近10%的空头兴趣来看,也吸引了相当多的卖空者。</blockquote></p><p> More recently, the stock has experienced a huge liftoff, most likely fueled by the announcement of the Build Back Better Plan of president Biden. Since then, Plug Power's stock more or less came back to earth again, even though it is still trading at a very high price to sales ratio.</p><p><blockquote>最近,该股经历了大幅上涨,很可能是拜登总统宣布的重建更好计划推动的。从那时起,普拉格能源的股票或多或少又回到了现实,尽管它的市销率仍然非常高。</blockquote></p><p> Please review the following charts for illustration of these metrics:</p><p><blockquote>请查看以下图表,了解这些指标的说明:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3664f73c0fc1fcd1b2673c8df4701be5\" tg-width=\"635\" tg-height=\"478\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> <i>Plug Power development of share price, short interest, and price to sales ratio during the last 10 years. (source: YCharts)</i></p><p><blockquote><i>过去10年股价、空头权益和市销率的普拉格能源发展。(来源:YCharts)</i></blockquote></p><p> A true story stock</p><p><blockquote>真实故事股票</blockquote></p><p> A story stock refers to a company's shares whose value reflects expected outperformance, the culmination of some new innovation, or favorable press coverage, rather than its market value being solely based on fundamentals like assets and income (Source:Investopedia) A story can be a powerful backbone of stock performance. Though the hydrogen market is still somewhat of a niche, the story of Plug is one of great expectations.</p><p><blockquote>故事股票是指一家公司的股票,其价值反映了预期的优异表现、一些新创新的高潮或有利的新闻报道,而不是其市值仅基于资产和收入等基本面(来源:Investopedia)故事可以是股票表现的强大支柱。尽管氢市场在某种程度上仍然是一个利基市场,但Plug的故事却令人充满期待。</blockquote></p><p> Hydrogen is indeed a promising market. Let us explore the potential benefits and promises of hydrogen:</p><p><blockquote>氢确实是一个前景广阔的市场。让我们探索氢的潜在好处和前景:</blockquote></p><p> <ul> <li>Green hydrogen can help to decarbonize multiple sectors in which it is difficult to reduce emissions, like long-haul transport, chemical industry, and iron and steel production.</li> <li>Green hydrogen can contribute to improvements in air quality and energy security.</li> <li>Hydrogen can be produced using a multitude of sources, such as renewables, nuclear energy, natural gas, oil, and even coal. Transportation can be done using pipelines or in liquefied form. It can be transformed into electricity very easily.</li> <li>Hydrogen can play an important role in coping with the variable outputs of renewable energy sources. Wind and solar energy output are not always in sync with electricity demand, and hydrogen can be used as a store or energy in times when renewable energy production outpaces demand. These storages can be used in times when renewable energy output is lower than demand, and can be saved for days, weeks, or even months, and can even be transported over long distances if needed.</li> <li>Clean hydrogen is currently used in an expanding number of projects worldwide, and it seems to be a matter of time before the technology is scaled up and costs are brought down.</li> <li>Currently, hydrogen is mostly used in oil refining processes and for the production of fertilizers. Sectors in which it is still hardly used, like transport, buildings, and power generation seem large untapped markets.</li> </ul> As such, hydrogen could play an important supporting role in the renewable energy transition, supplying markets that are difficult or impractical to reach for batteries.</p><p><blockquote><ul><li>绿色氢可以帮助长途运输、化学工业和钢铁生产等难以减排的多个行业脱碳。</li><li>绿色氢能有助于改善空气质量和能源安全。</li><li>氢气可以使用多种来源生产,例如可再生能源、核能、天然气、石油甚至煤炭。运输可以使用管道或液化形式进行。它可以很容易地转化为电能。</li><li>氢可以在应对可再生能源的可变输出方面发挥重要作用。风能和太阳能输出并不总是与电力需求同步,当可再生能源产量超过需求时,氢可以用作储存或能源。这些存储可以在可再生能源输出低于需求的时候使用,可以保存几天、几周甚至几个月,如果需要,甚至可以长距离运输。</li><li>清洁氢目前在全球越来越多的项目中使用,该技术的扩大和成本的降低似乎只是时间问题。</li><li>目前,氢气主要用于炼油过程和化肥生产。交通、建筑和发电等仍然很少使用它的行业似乎是巨大的未开发市场。</li></ul>因此,氢可以在可再生能源转型中发挥重要的支持作用,供应电池难以或不切实际的市场。</blockquote></p><p> Plug Power has a focused strategy, is already an established business in the hydrogen market, and has a large growing number of commercial relationships. This might mean that the company has the potential to become one of the first pure-play hydrogen companies which could transition from a story stock to a large positive cash flow company.</p><p><blockquote>普拉格能源拥有专注的战略,已经是氢市场的成熟企业,并且拥有大量不断增长的商业关系。这可能意味着该公司有潜力成为首批纯氢公司之一,可以从故事股票转型为大型正现金流公司。</blockquote></p><p></p><p> The commercial relationships and collaborations which Plug is undertaking are among the most important future drivers of growth for the company, among which are collaborations with Airbus(OTCPK:EADSF),Phillips66(PSX),Acciona(OTCPK:ACXIF),BAE Systems(OTCPK:BAESF),Baker Hughes(BKR), and Brookfield Renewable(BEP).</p><p><blockquote>Plug正在开展的商业关系和合作是公司未来最重要的增长动力之一,其中包括与空中客车公司(OTCPK:EADSF)、Phillips66(PSX)、Acciona(OTCPK:ACXIF)、BAE Systems(OTCPK:BAESF)、贝克休斯(BKR)和布鲁克菲尔德可再生能源公司(BEP)的合作。</blockquote></p><p> <b>Parallels with early-stage Tesla</b></p><p><blockquote><b>与早期特斯拉的相似之处</b></blockquote></p><p> I think it is very interesting to compare Plug Power with Tesla. This seems to make sense since they were both one of the largest first movers in big markets: EV for Tesla and hydrogen for Plug. Tesla also was (and might still be) a good example of a story stock, with their large promises of electrifying the automotive sector.</p><p><blockquote>我认为将普拉格能源与特斯拉进行比较是非常有趣的。这似乎是有道理的,因为他们都是大市场中最大的先行者之一:电动汽车代表特斯拉,氢能代表插电式汽车。特斯拉也是(并且可能仍然是)故事股票的一个很好的例子,他们在汽车行业电气化方面有着巨大的前景。</blockquote></p><p> Let us look at the share price development, short percentage, and PS ratio of Tesla during the period from 2010 to the end of 2019:</p><p><blockquote>让我们看看2010年至2019年底期间特斯拉的股价发展、空头百分比和PS比率:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d9911b4514f3c0a566dffcd28c188e1c\" tg-width=\"635\" tg-height=\"478\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> <i>Tesla's development of share price, short interest, and price to sales ratio between 2010 and the end of 2019. (source: YCharts)</i></p><p><blockquote><i>2010年至2019年底特斯拉股价、空头权益和市销率的发展情况。(来源:YCharts)</i></blockquote></p><p> There are some noticeable differences between the share price development of Plug Power and an earlier-stage Tesla. First of all, from 2012 to 2019, the percentage of Tesla's stock sold short has consistently oscillated around 20%. Plug Power is already under 10% and has moved around 15% for the largest part of the last couple of years. But the biggest difference between the two stocks is probably that the price to sales ratio of Tesla has trended down quickly between 2010 and the end of 2019. Since Plug Power's price to sales ratio is heavily influenced by its recent outlier, let us take a look at a graph comparing the two between 2010 and September of this year:</p><p><blockquote>普拉格能源的股价发展与早期特斯拉有一些明显的差异。首先,从2012年到2019年,特斯拉股票被卖空的比例一直在20%左右振荡。普拉格能源已经低于10%,并且在过去几年的大部分时间里一直在15%左右波动。但两只股票最大的区别可能是,特斯拉的市销率在2010年至2019年底期间呈快速下降趋势。由于普拉格能源的市销率受到近期异常值的严重影响,让我们看一下2010年至今年9月两者的比较图表:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d46be5e658002b2f45b8c5ca43559b93\" tg-width=\"635\" tg-height=\"433\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> <i>Tesla and Plug Power development price to sales ratio between 2010 and September 2021. (source: YCharts)</i></p><p><blockquote><i>2010年至2021年9月期间特斯拉和普拉格能源开发的市销率。(来源:YCharts)</i></blockquote></p><p> These two ratios look to have a lot more in common. But as we can already see, after the end of 2019, Tesla's price to sales ratio went sharply up again. The reason for this was, of course, the almost unprecedented skyrocketing of the Tesla stock starting from the end of 2019. This is illustrated in the following graph of what happened to Tesla shares from September 2019 until now:</p><p><blockquote>这两个比率看起来有更多的共同点。但正如我们已经看到的,2019年底后,特斯拉的市销率再次大幅上升。其原因当然是特斯拉股票从2019年底开始几乎史无前例的暴涨。下图显示了从2019年9月至今特斯拉股票的情况:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d29232b1b3d9ff99e1edb6e4eac33901\" tg-width=\"635\" tg-height=\"478\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> <i>Development of Tesla share price, short interest, and price to sales ratio between September 2019 and now. (source: YCharts)</i></p><p><blockquote><i>2019年9月至今特斯拉股价、空头利息和市销率的发展。(来源:YCharts)</i></blockquote></p><p> As the stock price of Tesla skyrocketed, the short percentage went down sharply and the PS ratio went up.</p><p><blockquote>随着特斯拉股价暴涨,空头百分比大幅下降,PS比率上升。</blockquote></p><p> The million-dollar question is of course, could this happen to Plug Power as well? Technically, if we look solely at the metrics of Plug compared with the metrics of Tesla just before the stock price exploded, the P/S ratio of Plug is still much too high to expect that the stock could go in the same direction in short order. I also believe that fundamentally, Plug would need to experience some serious growth for the stock to be able to regain its recent upward momentum.</p><p><blockquote>当然,最重要的问题是,这种情况也会发生在普拉格能源身上吗?从技术上讲,如果我们仅将Plug的指标与股价爆炸前特斯拉的指标进行比较,Plug的市盈率仍然太高,无法预期该股在短期内会朝着同样的方向发展。我还认为,从根本上讲,Plug需要经历一些大幅增长,该股才能恢复近期的上涨势头。</blockquote></p><p> Another similarity between Plug and Tesla is that negative earnings surprises have been many at Plug recently, this happened to Tesla as well in 2019. At the time, Tesla's stock price was not negatively impacted by those surprises. Currently, the market seems to shake off Plug Power's results as well, though the stock did drop by more than 50% since last year.</p><p><blockquote>Plug和特斯拉之间的另一个相似之处是,最近Plug的盈利出现了很多负面意外,2019年特斯拉也发生了这种情况。当时,特斯拉的股价并未受到这些意外的负面影响。目前,市场似乎也摆脱了普拉格能源的业绩,尽管该股自去年以来确实下跌了50%以上。</blockquote></p><p> <b>Currently, expectations still beat metrics</b></p><p><blockquote><b>目前,预期仍然超过指标</b></blockquote></p><p> Like Tesla, Plug's share price seems to be governed more by growth expectations than by current stock metrics. This<i>could</i>mean that Plug would be able to go in the same direction as Tesla if enough investors remain convinced that their business model is profitable for the future and if growth can be expected to continue. Also, as for Tesla, in the long term, fundamental metrics will need to correspond with their lofty valuations. This means that the companies will need to deliver on their expectations.</p><p><blockquote>与特斯拉一样,Plug的股价似乎更多地取决于增长预期,而不是当前的股票指标。这个<i>可以</i>这意味着,如果有足够多的投资者仍然相信他们的商业模式在未来是有利可图的,并且可以预期增长将继续下去,那么Plug将能够朝着与特斯拉相同的方向发展。此外,对于特斯拉来说,从长远来看,基本面指标需要与其高估值相对应。这意味着公司需要实现他们的期望。</blockquote></p><p> <b>These are some very large ifs.</b></p><p><blockquote><b>这些都是非常大的假设。</b></blockquote></p><p> Of course, the hydrogen market is different from the EV market. Since the energy density of hydrogen is very high, it will likely be able to compete in markets where batteries still have issues, like long-haul transport. On the other hand, on an energy efficiency level, batteries have some large benefits over hydrogen for smaller transport purposes. On aggregate, I am skeptical about hydrogen being able to be a strong competitor in the EV space, but it will likely play a large role in other modes of transport, as in energy storage.</p><p><blockquote>当然,氢市场不同于电动汽车市场。由于氢的能量密度非常高,它很可能能够在电池仍然存在问题的市场中竞争,例如长途运输。另一方面,在能源效率水平上,对于较小的运输目的,电池比氢气有一些很大的好处。总的来说,我对氢能否成为电动汽车领域的强有力竞争对手持怀疑态度,但它可能会在其他交通方式中发挥重要作用,例如在储能方面。</blockquote></p><p></p><p> Plug Power has been trading like a stock for believers, which shows some strong parallels with Tesla. Theoretically, the stock could follow the same direction as Tesla did, but this is anyone's guess and I believe it would take more growth to continue its upward momentum.</p><p><blockquote>普拉格能源的交易就像信徒的股票一样,这与特斯拉有一些很强的相似之处。理论上,该股可能会遵循与特斯拉相同的方向,但这是任何人的猜测,我相信需要更多的增长才能继续其上涨势头。</blockquote></p><p> Plug Power is a promising business, but the company had some bad results recently. This did not impact the stock much during the last 2 years. In the short term, the stock price seems to be most impacted by sentiment and not by fundamentals. This makes it a wonderful stock for traders, but as a long-term investor, I am staying on the sidelines.</p><p><blockquote>普拉格能源是一项有前途的业务,但该公司最近业绩不佳。在过去的两年里,这对股票没有太大影响。短期内,股价似乎受情绪影响最大,而不是基本面。这使得它成为交易者的绝佳股票,但作为长期投资者,我仍持观望态度。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Plug Power Trades Like A Story Stock And Smells Like An Early-Stage Tesla<blockquote>普拉格能源的交易就像一只故事股票,闻起来像早期的特斯拉</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {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: 12.5px; color: #7E829C; margin: 0;}\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 Trades Like A Story Stock And Smells Like An Early-Stage Tesla<blockquote>普拉格能源的交易就像一只故事股票,闻起来像早期的特斯拉</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-12-27 21:09</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul> <li>The stock of Plug Power enjoyed some great appreciation during the last years, which seems hard to explain when purely looking at the fundamentals.</li> <li>The stock performance of almost 2,000% over the last 5 years is an illustration of the increased momentum of the hydrogen market.</li> <li>Plug Power shows some important parallels with Tesla, on which I will elaborate in this article.</li> <li>If the sentiment can remain positive while growth continues, short-term fundamentals might not matter much.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/80405c7f3988b402597ce18944c15c47\" tg-width=\"1536\" tg-height=\"683\" width=\"100%\" height=\"auto\"><span>http://www.fotogestoeber.de/iStock via Getty Images</span></p><p><blockquote><ul><li>普拉格能源的股票在过去几年中大幅升值,如果纯粹从基本面来看,这似乎很难解释。</li><li>过去5年近2,000%的股票表现说明了氢市场的增长势头。</li><li>普拉格能源与特斯拉有一些重要的相似之处,我将在本文中详细阐述。</li><li>如果在增长持续的同时,市场情绪能够保持积极,那么短期基本面可能并不重要。</li></ul><p class=\"t-img-caption\"><span>http://www.fotogestoeber.de/iStock来自Getty Images</span></p></blockquote></p><p> How can a company in a niche sector which has continuously burned cash over the years have a market capitalization of over $17B? Plug Power (PLUG) is a pure-play hydrogen company that has yet to run a profit. Still, the stock has returned a total of almost 2,000% over the last 5 years.</p><p><blockquote>一家多年来不断烧钱的利基行业公司,市值怎么可能超过170亿美元?普拉格能源(PLUG)是一家纯粹的氢能公司,尚未盈利。尽管如此,该股在过去5年中的总回报率仍接近2,000%。</blockquote></p><p> In this article, I will investigate the promises and expectations behind Plug Power and compare the stock to another stock with large promises: Tesla (TSLA).</p><p><blockquote>在本文中,我将调查普拉格能源背后的承诺和期望,并将该股票与另一只具有巨大承诺的股票:特斯拉(TSLA)进行比较。</blockquote></p><p> <b>Great stock performance, but a lofty valuation</b></p><p><blockquote><b>股票表现出色,但估值很高</b></blockquote></p><p> Plug Power has behaved somewhat like a battleground stock during the last couple of years. Ever since the 2014 hydrogen rally, Plug Power has remained a stock that lured investors who believe in the technology, but also attracted quite some short-sellers, judged by its current short interest of almost 10 percent.</p><p><blockquote>过去几年,普拉格能源的表现有点像战场股票。自2014年氢能反弹以来,普拉格能源一直是一只吸引相信该技术的投资者的股票,但从其目前近10%的空头兴趣来看,也吸引了相当多的卖空者。</blockquote></p><p> More recently, the stock has experienced a huge liftoff, most likely fueled by the announcement of the Build Back Better Plan of president Biden. Since then, Plug Power's stock more or less came back to earth again, even though it is still trading at a very high price to sales ratio.</p><p><blockquote>最近,该股经历了大幅上涨,很可能是拜登总统宣布的重建更好计划推动的。从那时起,普拉格能源的股票或多或少又回到了现实,尽管它的市销率仍然非常高。</blockquote></p><p> Please review the following charts for illustration of these metrics:</p><p><blockquote>请查看以下图表,了解这些指标的说明:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3664f73c0fc1fcd1b2673c8df4701be5\" tg-width=\"635\" tg-height=\"478\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> <i>Plug Power development of share price, short interest, and price to sales ratio during the last 10 years. (source: YCharts)</i></p><p><blockquote><i>过去10年股价、空头权益和市销率的普拉格能源发展。(来源:YCharts)</i></blockquote></p><p> A true story stock</p><p><blockquote>真实故事股票</blockquote></p><p> A story stock refers to a company's shares whose value reflects expected outperformance, the culmination of some new innovation, or favorable press coverage, rather than its market value being solely based on fundamentals like assets and income (Source:Investopedia) A story can be a powerful backbone of stock performance. Though the hydrogen market is still somewhat of a niche, the story of Plug is one of great expectations.</p><p><blockquote>故事股票是指一家公司的股票,其价值反映了预期的优异表现、一些新创新的高潮或有利的新闻报道,而不是其市值仅基于资产和收入等基本面(来源:Investopedia)故事可以是股票表现的强大支柱。尽管氢市场在某种程度上仍然是一个利基市场,但Plug的故事却令人充满期待。</blockquote></p><p> Hydrogen is indeed a promising market. Let us explore the potential benefits and promises of hydrogen:</p><p><blockquote>氢确实是一个前景广阔的市场。让我们探索氢的潜在好处和前景:</blockquote></p><p> <ul> <li>Green hydrogen can help to decarbonize multiple sectors in which it is difficult to reduce emissions, like long-haul transport, chemical industry, and iron and steel production.</li> <li>Green hydrogen can contribute to improvements in air quality and energy security.</li> <li>Hydrogen can be produced using a multitude of sources, such as renewables, nuclear energy, natural gas, oil, and even coal. Transportation can be done using pipelines or in liquefied form. It can be transformed into electricity very easily.</li> <li>Hydrogen can play an important role in coping with the variable outputs of renewable energy sources. Wind and solar energy output are not always in sync with electricity demand, and hydrogen can be used as a store or energy in times when renewable energy production outpaces demand. These storages can be used in times when renewable energy output is lower than demand, and can be saved for days, weeks, or even months, and can even be transported over long distances if needed.</li> <li>Clean hydrogen is currently used in an expanding number of projects worldwide, and it seems to be a matter of time before the technology is scaled up and costs are brought down.</li> <li>Currently, hydrogen is mostly used in oil refining processes and for the production of fertilizers. Sectors in which it is still hardly used, like transport, buildings, and power generation seem large untapped markets.</li> </ul> As such, hydrogen could play an important supporting role in the renewable energy transition, supplying markets that are difficult or impractical to reach for batteries.</p><p><blockquote><ul><li>绿色氢可以帮助长途运输、化学工业和钢铁生产等难以减排的多个行业脱碳。</li><li>绿色氢能有助于改善空气质量和能源安全。</li><li>氢气可以使用多种来源生产,例如可再生能源、核能、天然气、石油甚至煤炭。运输可以使用管道或液化形式进行。它可以很容易地转化为电能。</li><li>氢可以在应对可再生能源的可变输出方面发挥重要作用。风能和太阳能输出并不总是与电力需求同步,当可再生能源产量超过需求时,氢可以用作储存或能源。这些存储可以在可再生能源输出低于需求的时候使用,可以保存几天、几周甚至几个月,如果需要,甚至可以长距离运输。</li><li>清洁氢目前在全球越来越多的项目中使用,该技术的扩大和成本的降低似乎只是时间问题。</li><li>目前,氢气主要用于炼油过程和化肥生产。交通、建筑和发电等仍然很少使用它的行业似乎是巨大的未开发市场。</li></ul>因此,氢可以在可再生能源转型中发挥重要的支持作用,供应电池难以或不切实际的市场。</blockquote></p><p> Plug Power has a focused strategy, is already an established business in the hydrogen market, and has a large growing number of commercial relationships. This might mean that the company has the potential to become one of the first pure-play hydrogen companies which could transition from a story stock to a large positive cash flow company.</p><p><blockquote>普拉格能源拥有专注的战略,已经是氢市场的成熟企业,并且拥有大量不断增长的商业关系。这可能意味着该公司有潜力成为首批纯氢公司之一,可以从故事股票转型为大型正现金流公司。</blockquote></p><p></p><p> The commercial relationships and collaborations which Plug is undertaking are among the most important future drivers of growth for the company, among which are collaborations with Airbus(OTCPK:EADSF),Phillips66(PSX),Acciona(OTCPK:ACXIF),BAE Systems(OTCPK:BAESF),Baker Hughes(BKR), and Brookfield Renewable(BEP).</p><p><blockquote>Plug正在开展的商业关系和合作是公司未来最重要的增长动力之一,其中包括与空中客车公司(OTCPK:EADSF)、Phillips66(PSX)、Acciona(OTCPK:ACXIF)、BAE Systems(OTCPK:BAESF)、贝克休斯(BKR)和布鲁克菲尔德可再生能源公司(BEP)的合作。</blockquote></p><p> <b>Parallels with early-stage Tesla</b></p><p><blockquote><b>与早期特斯拉的相似之处</b></blockquote></p><p> I think it is very interesting to compare Plug Power with Tesla. This seems to make sense since they were both one of the largest first movers in big markets: EV for Tesla and hydrogen for Plug. Tesla also was (and might still be) a good example of a story stock, with their large promises of electrifying the automotive sector.</p><p><blockquote>我认为将普拉格能源与特斯拉进行比较是非常有趣的。这似乎是有道理的,因为他们都是大市场中最大的先行者之一:电动汽车代表特斯拉,氢能代表插电式汽车。特斯拉也是(并且可能仍然是)故事股票的一个很好的例子,他们在汽车行业电气化方面有着巨大的前景。</blockquote></p><p> Let us look at the share price development, short percentage, and PS ratio of Tesla during the period from 2010 to the end of 2019:</p><p><blockquote>让我们看看2010年至2019年底期间特斯拉的股价发展、空头百分比和PS比率:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d9911b4514f3c0a566dffcd28c188e1c\" tg-width=\"635\" tg-height=\"478\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> <i>Tesla's development of share price, short interest, and price to sales ratio between 2010 and the end of 2019. (source: YCharts)</i></p><p><blockquote><i>2010年至2019年底特斯拉股价、空头权益和市销率的发展情况。(来源:YCharts)</i></blockquote></p><p> There are some noticeable differences between the share price development of Plug Power and an earlier-stage Tesla. First of all, from 2012 to 2019, the percentage of Tesla's stock sold short has consistently oscillated around 20%. Plug Power is already under 10% and has moved around 15% for the largest part of the last couple of years. But the biggest difference between the two stocks is probably that the price to sales ratio of Tesla has trended down quickly between 2010 and the end of 2019. Since Plug Power's price to sales ratio is heavily influenced by its recent outlier, let us take a look at a graph comparing the two between 2010 and September of this year:</p><p><blockquote>普拉格能源的股价发展与早期特斯拉有一些明显的差异。首先,从2012年到2019年,特斯拉股票被卖空的比例一直在20%左右振荡。普拉格能源已经低于10%,并且在过去几年的大部分时间里一直在15%左右波动。但两只股票最大的区别可能是,特斯拉的市销率在2010年至2019年底期间呈快速下降趋势。由于普拉格能源的市销率受到近期异常值的严重影响,让我们看一下2010年至今年9月两者的比较图表:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d46be5e658002b2f45b8c5ca43559b93\" tg-width=\"635\" tg-height=\"433\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> <i>Tesla and Plug Power development price to sales ratio between 2010 and September 2021. (source: YCharts)</i></p><p><blockquote><i>2010年至2021年9月期间特斯拉和普拉格能源开发的市销率。(来源:YCharts)</i></blockquote></p><p> These two ratios look to have a lot more in common. But as we can already see, after the end of 2019, Tesla's price to sales ratio went sharply up again. The reason for this was, of course, the almost unprecedented skyrocketing of the Tesla stock starting from the end of 2019. This is illustrated in the following graph of what happened to Tesla shares from September 2019 until now:</p><p><blockquote>这两个比率看起来有更多的共同点。但正如我们已经看到的,2019年底后,特斯拉的市销率再次大幅上升。其原因当然是特斯拉股票从2019年底开始几乎史无前例的暴涨。下图显示了从2019年9月至今特斯拉股票的情况:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d29232b1b3d9ff99e1edb6e4eac33901\" tg-width=\"635\" tg-height=\"478\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> <i>Development of Tesla share price, short interest, and price to sales ratio between September 2019 and now. (source: YCharts)</i></p><p><blockquote><i>2019年9月至今特斯拉股价、空头利息和市销率的发展。(来源:YCharts)</i></blockquote></p><p> As the stock price of Tesla skyrocketed, the short percentage went down sharply and the PS ratio went up.</p><p><blockquote>随着特斯拉股价暴涨,空头百分比大幅下降,PS比率上升。</blockquote></p><p> The million-dollar question is of course, could this happen to Plug Power as well? Technically, if we look solely at the metrics of Plug compared with the metrics of Tesla just before the stock price exploded, the P/S ratio of Plug is still much too high to expect that the stock could go in the same direction in short order. I also believe that fundamentally, Plug would need to experience some serious growth for the stock to be able to regain its recent upward momentum.</p><p><blockquote>当然,最重要的问题是,这种情况也会发生在普拉格能源身上吗?从技术上讲,如果我们仅将Plug的指标与股价爆炸前特斯拉的指标进行比较,Plug的市盈率仍然太高,无法预期该股在短期内会朝着同样的方向发展。我还认为,从根本上讲,Plug需要经历一些大幅增长,该股才能恢复近期的上涨势头。</blockquote></p><p> Another similarity between Plug and Tesla is that negative earnings surprises have been many at Plug recently, this happened to Tesla as well in 2019. At the time, Tesla's stock price was not negatively impacted by those surprises. Currently, the market seems to shake off Plug Power's results as well, though the stock did drop by more than 50% since last year.</p><p><blockquote>Plug和特斯拉之间的另一个相似之处是,最近Plug的盈利出现了很多负面意外,2019年特斯拉也发生了这种情况。当时,特斯拉的股价并未受到这些意外的负面影响。目前,市场似乎也摆脱了普拉格能源的业绩,尽管该股自去年以来确实下跌了50%以上。</blockquote></p><p> <b>Currently, expectations still beat metrics</b></p><p><blockquote><b>目前,预期仍然超过指标</b></blockquote></p><p> Like Tesla, Plug's share price seems to be governed more by growth expectations than by current stock metrics. This<i>could</i>mean that Plug would be able to go in the same direction as Tesla if enough investors remain convinced that their business model is profitable for the future and if growth can be expected to continue. Also, as for Tesla, in the long term, fundamental metrics will need to correspond with their lofty valuations. This means that the companies will need to deliver on their expectations.</p><p><blockquote>与特斯拉一样,Plug的股价似乎更多地取决于增长预期,而不是当前的股票指标。这个<i>可以</i>这意味着,如果有足够多的投资者仍然相信他们的商业模式在未来是有利可图的,并且可以预期增长将继续下去,那么Plug将能够朝着与特斯拉相同的方向发展。此外,对于特斯拉来说,从长远来看,基本面指标需要与其高估值相对应。这意味着公司需要实现他们的期望。</blockquote></p><p> <b>These are some very large ifs.</b></p><p><blockquote><b>这些都是非常大的假设。</b></blockquote></p><p> Of course, the hydrogen market is different from the EV market. Since the energy density of hydrogen is very high, it will likely be able to compete in markets where batteries still have issues, like long-haul transport. On the other hand, on an energy efficiency level, batteries have some large benefits over hydrogen for smaller transport purposes. On aggregate, I am skeptical about hydrogen being able to be a strong competitor in the EV space, but it will likely play a large role in other modes of transport, as in energy storage.</p><p><blockquote>当然,氢市场不同于电动汽车市场。由于氢的能量密度非常高,它很可能能够在电池仍然存在问题的市场中竞争,例如长途运输。另一方面,在能源效率水平上,对于较小的运输目的,电池比氢气有一些很大的好处。总的来说,我对氢能否成为电动汽车领域的强有力竞争对手持怀疑态度,但它可能会在其他交通方式中发挥重要作用,例如在储能方面。</blockquote></p><p></p><p> Plug Power has been trading like a stock for believers, which shows some strong parallels with Tesla. Theoretically, the stock could follow the same direction as Tesla did, but this is anyone's guess and I believe it would take more growth to continue its upward momentum.</p><p><blockquote>普拉格能源的交易就像信徒的股票一样,这与特斯拉有一些很强的相似之处。理论上,该股可能会遵循与特斯拉相同的方向,但这是任何人的猜测,我相信需要更多的增长才能继续其上涨势头。</blockquote></p><p> Plug Power is a promising business, but the company had some bad results recently. This did not impact the stock much during the last 2 years. In the short term, the stock price seems to be most impacted by sentiment and not by fundamentals. This makes it a wonderful stock for traders, but as a long-term investor, I am staying on the sidelines.</p><p><blockquote>普拉格能源是一项有前途的业务,但该公司最近业绩不佳。在过去的两年里,这对股票没有太大影响。短期内,股价似乎受情绪影响最大,而不是基本面。这使得它成为交易者的绝佳股票,但作为长期投资者,我仍持观望态度。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://seekingalpha.com/article/4476789-plug-power-stock-promising-business-parallels-with-tesla\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\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/article/4476789-plug-power-stock-promising-business-parallels-with-tesla","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111088353","content_text":"Summary\n\nThe stock of Plug Power enjoyed some great appreciation during the last years, which seems hard to explain when purely looking at the fundamentals.\nThe stock performance of almost 2,000% over the last 5 years is an illustration of the increased momentum of the hydrogen market.\nPlug Power shows some important parallels with Tesla, on which I will elaborate in this article.\nIf the sentiment can remain positive while growth continues, short-term fundamentals might not matter much.\n\nhttp://www.fotogestoeber.de/iStock via Getty Images\nHow can a company in a niche sector which has continuously burned cash over the years have a market capitalization of over $17B? Plug Power (PLUG) is a pure-play hydrogen company that has yet to run a profit. Still, the stock has returned a total of almost 2,000% over the last 5 years.\nIn this article, I will investigate the promises and expectations behind Plug Power and compare the stock to another stock with large promises: Tesla (TSLA).\nGreat stock performance, but a lofty valuation\nPlug Power has behaved somewhat like a battleground stock during the last couple of years. Ever since the 2014 hydrogen rally, Plug Power has remained a stock that lured investors who believe in the technology, but also attracted quite some short-sellers, judged by its current short interest of almost 10 percent.\nMore recently, the stock has experienced a huge liftoff, most likely fueled by the announcement of the Build Back Better Plan of president Biden. Since then, Plug Power's stock more or less came back to earth again, even though it is still trading at a very high price to sales ratio.\nPlease review the following charts for illustration of these metrics:\nData by YCharts\nPlug Power development of share price, short interest, and price to sales ratio during the last 10 years. (source: YCharts)\nA true story stock\n\n A story stock refers to a company's shares whose value reflects expected outperformance, the culmination of some new innovation, or favorable press coverage, rather than its market value being solely based on fundamentals like assets and income (Source:Investopedia)\n\nA story can be a powerful backbone of stock performance. Though the hydrogen market is still somewhat of a niche, the story of Plug is one of great expectations.\nHydrogen is indeed a promising market. Let us explore the potential benefits and promises of hydrogen:\n\nGreen hydrogen can help to decarbonize multiple sectors in which it is difficult to reduce emissions, like long-haul transport, chemical industry, and iron and steel production.\nGreen hydrogen can contribute to improvements in air quality and energy security.\nHydrogen can be produced using a multitude of sources, such as renewables, nuclear energy, natural gas, oil, and even coal. Transportation can be done using pipelines or in liquefied form. It can be transformed into electricity very easily.\nHydrogen can play an important role in coping with the variable outputs of renewable energy sources. Wind and solar energy output are not always in sync with electricity demand, and hydrogen can be used as a store or energy in times when renewable energy production outpaces demand. These storages can be used in times when renewable energy output is lower than demand, and can be saved for days, weeks, or even months, and can even be transported over long distances if needed.\nClean hydrogen is currently used in an expanding number of projects worldwide, and it seems to be a matter of time before the technology is scaled up and costs are brought down.\nCurrently, hydrogen is mostly used in oil refining processes and for the production of fertilizers. Sectors in which it is still hardly used, like transport, buildings, and power generation seem large untapped markets.\n\nAs such, hydrogen could play an important supporting role in the renewable energy transition, supplying markets that are difficult or impractical to reach for batteries.\nPlug Power has a focused strategy, is already an established business in the hydrogen market, and has a large growing number of commercial relationships. This might mean that the company has the potential to become one of the first pure-play hydrogen companies which could transition from a story stock to a large positive cash flow company.\nThe commercial relationships and collaborations which Plug is undertaking are among the most important future drivers of growth for the company, among which are collaborations with Airbus(OTCPK:EADSF),Phillips66(PSX),Acciona(OTCPK:ACXIF),BAE Systems(OTCPK:BAESF),Baker Hughes(BKR), and Brookfield Renewable(BEP).\nParallels with early-stage Tesla\nI think it is very interesting to compare Plug Power with Tesla. This seems to make sense since they were both one of the largest first movers in big markets: EV for Tesla and hydrogen for Plug. Tesla also was (and might still be) a good example of a story stock, with their large promises of electrifying the automotive sector.\nLet us look at the share price development, short percentage, and PS ratio of Tesla during the period from 2010 to the end of 2019:\nData by YCharts\nTesla's development of share price, short interest, and price to sales ratio between 2010 and the end of 2019. (source: YCharts)\nThere are some noticeable differences between the share price development of Plug Power and an earlier-stage Tesla. First of all, from 2012 to 2019, the percentage of Tesla's stock sold short has consistently oscillated around 20%. Plug Power is already under 10% and has moved around 15% for the largest part of the last couple of years. But the biggest difference between the two stocks is probably that the price to sales ratio of Tesla has trended down quickly between 2010 and the end of 2019. Since Plug Power's price to sales ratio is heavily influenced by its recent outlier, let us take a look at a graph comparing the two between 2010 and September of this year:\nData by YCharts\nTesla and Plug Power development price to sales ratio between 2010 and September 2021. (source: YCharts)\nThese two ratios look to have a lot more in common. But as we can already see, after the end of 2019, Tesla's price to sales ratio went sharply up again. The reason for this was, of course, the almost unprecedented skyrocketing of the Tesla stock starting from the end of 2019. This is illustrated in the following graph of what happened to Tesla shares from September 2019 until now:\nData by YCharts\nDevelopment of Tesla share price, short interest, and price to sales ratio between September 2019 and now. (source: YCharts)\nAs the stock price of Tesla skyrocketed, the short percentage went down sharply and the PS ratio went up.\nThe million-dollar question is of course, could this happen to Plug Power as well? Technically, if we look solely at the metrics of Plug compared with the metrics of Tesla just before the stock price exploded, the P/S ratio of Plug is still much too high to expect that the stock could go in the same direction in short order. I also believe that fundamentally, Plug would need to experience some serious growth for the stock to be able to regain its recent upward momentum.\nAnother similarity between Plug and Tesla is that negative earnings surprises have been many at Plug recently, this happened to Tesla as well in 2019. At the time, Tesla's stock price was not negatively impacted by those surprises. Currently, the market seems to shake off Plug Power's results as well, though the stock did drop by more than 50% since last year.\nCurrently, expectations still beat metrics\nLike Tesla, Plug's share price seems to be governed more by growth expectations than by current stock metrics. Thiscouldmean that Plug would be able to go in the same direction as Tesla if enough investors remain convinced that their business model is profitable for the future and if growth can be expected to continue. Also, as for Tesla, in the long term, fundamental metrics will need to correspond with their lofty valuations. This means that the companies will need to deliver on their expectations.\nThese are some very large ifs.\nOf course, the hydrogen market is different from the EV market. Since the energy density of hydrogen is very high, it will likely be able to compete in markets where batteries still have issues, like long-haul transport. On the other hand, on an energy efficiency level, batteries have some large benefits over hydrogen for smaller transport purposes. On aggregate, I am skeptical about hydrogen being able to be a strong competitor in the EV space, but it will likely play a large role in other modes of transport, as in energy storage.\nPlug Power has been trading like a stock for believers, which shows some strong parallels with Tesla. Theoretically, the stock could follow the same direction as Tesla did, but this is anyone's guess and I believe it would take more growth to continue its upward momentum.\nPlug Power is a promising business, but the company had some bad results recently. This did not impact the stock much during the last 2 years. In the short term, the stock price seems to be most impacted by sentiment and not by fundamentals. This makes it a wonderful stock for traders, but as a long-term investor, I am staying on the sidelines.","news_type":1,"symbols_score_info":{"PLUG":0.9}},"isVote":1,"tweetType":1,"viewCount":3799,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698545633,"gmtCreate":1640480310602,"gmtModify":1640480414613,"author":{"id":"3585001294737518","authorId":"3585001294737518","name":"Universe宇宙","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585001294737518","idStr":"3585001294737518"},"themes":[],"htmlText":"First post 😉","listText":"First post 😉","text":"First post 😉","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":6,"commentSize":17,"repostSize":0,"link":"https://laohu8.com/post/698545633","repostId":"2194171798","repostType":4,"isVote":1,"tweetType":1,"viewCount":3009,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698202424,"gmtCreate":1640397716691,"gmtModify":1640397832003,"author":{"id":"3585001294737518","authorId":"3585001294737518","name":"Universe宇宙","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585001294737518","idStr":"3585001294737518"},"themes":[],"htmlText":"First post 😉","listText":"First post 😉","text":"First post 😉","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":5,"commentSize":15,"repostSize":0,"link":"https://laohu8.com/post/698202424","repostId":"1159652805","repostType":4,"repost":{"id":"1159652805","kind":"news","pubTimestamp":1640397611,"share":"https://www.laohu8.com/m/news/1159652805?lang=zh_CN&edition=full","pubTime":"2021-12-25 10:00","market":"us","language":"en","title":"Electric boat developer Forza X1 files for a $29 million IPO<blockquote>电动船开发商Forza X1申请2900万美元IPO</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1159652805","media":"Renaissance Capital","summary":"Forza X1, a fully electric boat developer being spun out of Twin Vee PowerCats, filed on Thursday wi","content":"<p>Forza X1, a fully electric boat developer being spun out of Twin Vee PowerCats, filed on Thursday with the SEC to raise up to $29 million in an initial public offering.</p><p><blockquote>Forza X1是一家从Twin Vee PowerCats分拆出来的全电动船开发商,周四向SEC提交了首次公开募股的申请,筹集至多2900万美元。</blockquote></p><p> The company states that it aims to be among the first to develop and manufacture fully electric, affordable boats with mass appeal. Forza X1 is focused on the creation and implementation of marine electric vehicle (\"EV\") technology to control and power its electric boats utilizing a proprietary outboard electric motor. It believes to be one the first companies to design a fully integrated electric boat including the hull, outboard motor and control system for mass production. To date, Forza has designed and manufactured only prototypes of its electric sport boat, has not yet commercialized its boats, and has not sold any boats.</p><p><blockquote>该公司表示,它的目标是成为首批开发和制造具有大众吸引力的全电动、价格实惠的船只之一。Forza X1专注于创造和实施船用电动汽车(“EV”)技术,利用专有的舷外电动机控制和驱动其电动船。它被认为是首批设计完全集成电动船的公司之一,包括船体、舷外电机和控制系统,用于大规模生产。迄今为止,Forza仅设计和制造了电动运动船的原型,尚未将其船只商业化,也没有出售任何船只。</blockquote></p><p> The Ft. Pierce, FL-based company was founded in 2009 and plans to list on the Nasdaq under the symbol FRZA. ThinkEquity is the sole bookrunner on the deal. No pricing terms were disclosed.</p><p><blockquote>金融时报。总部位于佛罗里达州皮尔斯的公司成立于2009年,计划在纳斯达克上市,股票代码为FRZA。ThinkEquity是该交易的唯一账簿管理人。没有披露定价条款。</blockquote></p><p></p>","source":"lsy1603787993745","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Electric boat developer Forza X1 files for a $29 million IPO<blockquote>电动船开发商Forza X1申请2900万美元IPO</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {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: 12.5px; color: #7E829C; margin: 0;}\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\">\nElectric boat developer Forza X1 files for a $29 million IPO<blockquote>电动船开发商Forza X1申请2900万美元IPO</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Renaissance Capital</strong><span class=\"h-time small\">2021-12-25 10:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Forza X1, a fully electric boat developer being spun out of Twin Vee PowerCats, filed on Thursday with the SEC to raise up to $29 million in an initial public offering.</p><p><blockquote>Forza X1是一家从Twin Vee PowerCats分拆出来的全电动船开发商,周四向SEC提交了首次公开募股的申请,筹集至多2900万美元。</blockquote></p><p> The company states that it aims to be among the first to develop and manufacture fully electric, affordable boats with mass appeal. Forza X1 is focused on the creation and implementation of marine electric vehicle (\"EV\") technology to control and power its electric boats utilizing a proprietary outboard electric motor. It believes to be one the first companies to design a fully integrated electric boat including the hull, outboard motor and control system for mass production. To date, Forza has designed and manufactured only prototypes of its electric sport boat, has not yet commercialized its boats, and has not sold any boats.</p><p><blockquote>该公司表示,它的目标是成为首批开发和制造具有大众吸引力的全电动、价格实惠的船只之一。Forza X1专注于创造和实施船用电动汽车(“EV”)技术,利用专有的舷外电动机控制和驱动其电动船。它被认为是首批设计完全集成电动船的公司之一,包括船体、舷外电机和控制系统,用于大规模生产。迄今为止,Forza仅设计和制造了电动运动船的原型,尚未将其船只商业化,也没有出售任何船只。</blockquote></p><p> The Ft. Pierce, FL-based company was founded in 2009 and plans to list on the Nasdaq under the symbol FRZA. ThinkEquity is the sole bookrunner on the deal. No pricing terms were disclosed.</p><p><blockquote>金融时报。总部位于佛罗里达州皮尔斯的公司成立于2009年,计划在纳斯达克上市,股票代码为FRZA。ThinkEquity是该交易的唯一账簿管理人。没有披露定价条款。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.renaissancecapital.com/IPO-Center/News/89801/Electric-boat-developer-Forza-X1-files-for-a-$29-million-IPO\">Renaissance Capital</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/89801/Electric-boat-developer-Forza-X1-files-for-a-$29-million-IPO","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159652805","content_text":"Forza X1, a fully electric boat developer being spun out of Twin Vee PowerCats, filed on Thursday with the SEC to raise up to $29 million in an initial public offering.\nThe company states that it aims to be among the first to develop and manufacture fully electric, affordable boats with mass appeal. Forza X1 is focused on the creation and implementation of marine electric vehicle (\"EV\") technology to control and power its electric boats utilizing a proprietary outboard electric motor. It believes to be one the first companies to design a fully integrated electric boat including the hull, outboard motor and control system for mass production. To date, Forza has designed and manufactured only prototypes of its electric sport boat, has not yet commercialized its boats, and has not sold any boats.\nThe Ft. Pierce, FL-based company was founded in 2009 and plans to list on the Nasdaq under the symbol FRZA. ThinkEquity is the sole bookrunner on the deal. No pricing terms were disclosed.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2988,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698101186,"gmtCreate":1640312559157,"gmtModify":1640313719476,"author":{"id":"3585001294737518","authorId":"3585001294737518","name":"Universe宇宙","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585001294737518","idStr":"3585001294737518"},"themes":[],"htmlText":"Time to take your pills? [LOL] ","listText":"Time to take your pills? [LOL] ","text":"Time to take your pills? [LOL]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":7,"repostSize":0,"link":"https://laohu8.com/post/698101186","repostId":"1110395878","repostType":4,"repost":{"id":"1110395878","kind":"news","pubTimestamp":1640310818,"share":"https://www.laohu8.com/m/news/1110395878?lang=zh_CN&edition=full","pubTime":"2021-12-24 09:53","market":"us","language":"en","title":"Pfizer’s Covid Pill Gets Green Light. Investors Are Starting to Pay Attention to the Stock.<blockquote>辉瑞的Covid药丸获得批准。投资者开始关注该股。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1110395878","media":"Barrons","summary":"The Covid-19 pill is here, and it couldn’t have come at a better time.\nThe pandemic grew darker over","content":"<p>The Covid-19 pill is here, and it couldn’t have come at a better time.</p><p><blockquote>新冠肺炎药丸来了,来得正是时候。</blockquote></p><p> The pandemic grew darker over the past two weeks, as the Omicron variant swept into the U.S. With most of the widely used therapies rendered useless by the variant’s mutations, and case counts quickly climbing, doctors and public health officials have been increasingly worried.</p><p><blockquote>随着奥密克戎变种席卷美国,疫情在过去两周变得更加黑暗。随着大多数广泛使用的疗法因该变种的突变而变得无用,病例数迅速攀升,医生和公共卫生官员越来越担心。</blockquote></p><p> The Food and Drug Administration’s authorization of Pfizer’s (ticker: PFE) Covid-19 pill Paxlovid on Wednesday offered some hope. The pill is cleared only for high-risk individuals, and supplies will initially be limited, but it will save lives.</p><p><blockquote>美国食品和药物管理局周三批准辉瑞公司(股票代码:PFE)的Covid-19药物Paxlovid带来了一些希望。这种药丸仅适用于高危人群,最初供应有限,但它将拯救生命。</blockquote></p><p> The authorization represents an extraordinary coup for Pfizer, its second of the pandemic. Analysts expect Pfizer to sell $21.7 billion worth of the drug in 2022, according to FactSet, though the company now says that it will make 120 million courses of the drug next year, 40 million more than previously forecast, which will probably drive those estimates higher.</p><p><blockquote>此次授权对辉瑞来说是一次非同寻常的政变,这是辉瑞公司在疫情的第二次授权。FactSet的数据显示,分析师预计辉瑞公司将在2022年销售价值217亿美元的该药物,不过该公司现在表示明年将生产1.2亿个疗程的该药物,比之前的预测多4000万个疗程,这可能会推高这些估计。</blockquote></p><p> As <i>Barron’s</i> argued in November, the success of Paxlovid is more evidence that the company’s decision in 2019 to rid itself of all but its innovative biopharma business was a smart one.</p><p><blockquote>作为<i>巴伦周刊</i>去年11月,Paxlovid的成功进一步证明,该公司在2019年决定摆脱除创新生物制药业务以外的所有业务是明智的。</blockquote></p><p> Investors had been slow to buy into the revamped Pfizer, but late this year they caught up fast. In the 12 months before November of this year, Pfizer shares trailed the S&P 500 index, even as it rolled out its Covid-19 vaccine. Since the start of November, however, Pfizer shares have exploded. The stock is up 36.4% since then, while the S&P 500 has climbed just 1.6%.</p><p><blockquote>投资者一直迟迟没有买入重组后的辉瑞,但今年年底他们很快就赶上了。在今年11月之前的12个月里,辉瑞的股价落后于标准普尔500指数,尽管它推出了新冠肺炎疫苗。然而,自11月初以来,辉瑞股价大幅上涨。此后,该股上涨了36.4%,而标普500仅上涨了1.6%。</blockquote></p><p> And the stock remains relatively cheap, trading at just 9.8 times earnings expected over the next 12 months, according to FactSet, a discount to peers like Eli Lilly (LLY), which trades at 31.7 times earnings, and Johnson & Johnson (JNJ), at 16.1 times earnings.</p><p><blockquote>FactSet的数据显示,该股仍然相对便宜,未来12个月预期市盈率仅为9.8倍,低于礼来公司(LLY)和强生公司(JNJ)等同行,市盈率为31.7倍。市盈率为16.1倍。</blockquote></p><p> The good news for Pfizer this week was matched by less-good news for Merck (MRK). Though early data on its Covid-19 pill molnupiravir sent vaccine stocks lower and Merck shares higher, the shine has since come off the drug, as updated data have suggested that it’s less efficacious than it initially appeared, and safety questions have lingered.</p><p><blockquote>本周辉瑞的好消息与默克(MRK)的坏消息相匹配。尽管其Covid-19药物molnupiravir的早期数据导致疫苗股走低,默克公司股价走高,但此后该药物的光芒已经消失,因为更新的数据表明它的效果不如最初看起来的那么好,而且安全问题仍然存在。</blockquote></p><p> The FDA issued an emergency-use authorization for molnupiravir on Thursday, a day after it issued Paxlovid’s, under far more restrictive terms. The authorization allows for molnupiravir to be used only when other Covid-19 treatments, like Paxlovid, are not accessible or not clinically appropriate. The agency also did not recommend the drug for use during pregnancy, and advised that men who take molnupiravir should use birth control for at least three months afterward.</p><p><blockquote>FDA于周四发布了molnupiravir的紧急使用授权,一天前它发布了Paxlovid的紧急使用授权,但条款要严格得多。该授权允许molnupiravir仅在其他Covid-19治疗方法(如Paxlovid)不可用或临床不合适时使用。该机构也不建议在怀孕期间使用该药物,并建议服用莫努匹韦的男性在怀孕后至少三个月内应采取避孕措施。</blockquote></p><p> Earlier hopes that molnupiravir could be a long-term revenue driver are evaporating. The disappointment is a reminder of the challenge facing Merck before the end of this decade: the loss of patent protections on Keytruda, the cancer drug blockbuster that accounts for roughly a third of its revenue. Merck has been working toward filling that gap. It doesn’t appear that molnupiravir will be a big contributor to that effort.</p><p><blockquote>早些时候对莫努匹拉韦可能成为长期收入驱动力的希望正在消失。这种失望提醒人们默克在本十年结束前面临的挑战:失去Keytruda的专利保护,Keytruda是一种癌症药物,约占其收入的三分之一。默克一直在努力填补这一空白。莫努匹拉韦似乎不会对这一努力做出重大贡献。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pfizer’s Covid Pill Gets Green Light. Investors Are Starting to Pay Attention to the Stock.<blockquote>辉瑞的Covid药丸获得批准。投资者开始关注该股。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {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: 12.5px; color: #7E829C; margin: 0;}\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\">\nPfizer’s Covid Pill Gets Green Light. Investors Are Starting to Pay Attention to the Stock.<blockquote>辉瑞的Covid药丸获得批准。投资者开始关注该股。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-12-24 09:53</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The Covid-19 pill is here, and it couldn’t have come at a better time.</p><p><blockquote>新冠肺炎药丸来了,来得正是时候。</blockquote></p><p> The pandemic grew darker over the past two weeks, as the Omicron variant swept into the U.S. With most of the widely used therapies rendered useless by the variant’s mutations, and case counts quickly climbing, doctors and public health officials have been increasingly worried.</p><p><blockquote>随着奥密克戎变种席卷美国,疫情在过去两周变得更加黑暗。随着大多数广泛使用的疗法因该变种的突变而变得无用,病例数迅速攀升,医生和公共卫生官员越来越担心。</blockquote></p><p> The Food and Drug Administration’s authorization of Pfizer’s (ticker: PFE) Covid-19 pill Paxlovid on Wednesday offered some hope. The pill is cleared only for high-risk individuals, and supplies will initially be limited, but it will save lives.</p><p><blockquote>美国食品和药物管理局周三批准辉瑞公司(股票代码:PFE)的Covid-19药物Paxlovid带来了一些希望。这种药丸仅适用于高危人群,最初供应有限,但它将拯救生命。</blockquote></p><p> The authorization represents an extraordinary coup for Pfizer, its second of the pandemic. Analysts expect Pfizer to sell $21.7 billion worth of the drug in 2022, according to FactSet, though the company now says that it will make 120 million courses of the drug next year, 40 million more than previously forecast, which will probably drive those estimates higher.</p><p><blockquote>此次授权对辉瑞来说是一次非同寻常的政变,这是辉瑞公司在疫情的第二次授权。FactSet的数据显示,分析师预计辉瑞公司将在2022年销售价值217亿美元的该药物,不过该公司现在表示明年将生产1.2亿个疗程的该药物,比之前的预测多4000万个疗程,这可能会推高这些估计。</blockquote></p><p> As <i>Barron’s</i> argued in November, the success of Paxlovid is more evidence that the company’s decision in 2019 to rid itself of all but its innovative biopharma business was a smart one.</p><p><blockquote>作为<i>巴伦周刊</i>去年11月,Paxlovid的成功进一步证明,该公司在2019年决定摆脱除创新生物制药业务以外的所有业务是明智的。</blockquote></p><p> Investors had been slow to buy into the revamped Pfizer, but late this year they caught up fast. In the 12 months before November of this year, Pfizer shares trailed the S&P 500 index, even as it rolled out its Covid-19 vaccine. Since the start of November, however, Pfizer shares have exploded. The stock is up 36.4% since then, while the S&P 500 has climbed just 1.6%.</p><p><blockquote>投资者一直迟迟没有买入重组后的辉瑞,但今年年底他们很快就赶上了。在今年11月之前的12个月里,辉瑞的股价落后于标准普尔500指数,尽管它推出了新冠肺炎疫苗。然而,自11月初以来,辉瑞股价大幅上涨。此后,该股上涨了36.4%,而标普500仅上涨了1.6%。</blockquote></p><p> And the stock remains relatively cheap, trading at just 9.8 times earnings expected over the next 12 months, according to FactSet, a discount to peers like Eli Lilly (LLY), which trades at 31.7 times earnings, and Johnson & Johnson (JNJ), at 16.1 times earnings.</p><p><blockquote>FactSet的数据显示,该股仍然相对便宜,未来12个月预期市盈率仅为9.8倍,低于礼来公司(LLY)和强生公司(JNJ)等同行,市盈率为31.7倍。市盈率为16.1倍。</blockquote></p><p> The good news for Pfizer this week was matched by less-good news for Merck (MRK). Though early data on its Covid-19 pill molnupiravir sent vaccine stocks lower and Merck shares higher, the shine has since come off the drug, as updated data have suggested that it’s less efficacious than it initially appeared, and safety questions have lingered.</p><p><blockquote>本周辉瑞的好消息与默克(MRK)的坏消息相匹配。尽管其Covid-19药物molnupiravir的早期数据导致疫苗股走低,默克公司股价走高,但此后该药物的光芒已经消失,因为更新的数据表明它的效果不如最初看起来的那么好,而且安全问题仍然存在。</blockquote></p><p> The FDA issued an emergency-use authorization for molnupiravir on Thursday, a day after it issued Paxlovid’s, under far more restrictive terms. The authorization allows for molnupiravir to be used only when other Covid-19 treatments, like Paxlovid, are not accessible or not clinically appropriate. The agency also did not recommend the drug for use during pregnancy, and advised that men who take molnupiravir should use birth control for at least three months afterward.</p><p><blockquote>FDA于周四发布了molnupiravir的紧急使用授权,一天前它发布了Paxlovid的紧急使用授权,但条款要严格得多。该授权允许molnupiravir仅在其他Covid-19治疗方法(如Paxlovid)不可用或临床不合适时使用。该机构也不建议在怀孕期间使用该药物,并建议服用莫努匹韦的男性在怀孕后至少三个月内应采取避孕措施。</blockquote></p><p> Earlier hopes that molnupiravir could be a long-term revenue driver are evaporating. The disappointment is a reminder of the challenge facing Merck before the end of this decade: the loss of patent protections on Keytruda, the cancer drug blockbuster that accounts for roughly a third of its revenue. Merck has been working toward filling that gap. It doesn’t appear that molnupiravir will be a big contributor to that effort.</p><p><blockquote>早些时候对莫努匹拉韦可能成为长期收入驱动力的希望正在消失。这种失望提醒人们默克在本十年结束前面临的挑战:失去Keytruda的专利保护,Keytruda是一种癌症药物,约占其收入的三分之一。默克一直在努力填补这一空白。莫努匹拉韦似乎不会对这一努力做出重大贡献。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.barrons.com/articles/pfizer-covid-pill-pfe-stock-51640266734?mod=hp_LATEST\">Barrons</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PFE":"辉瑞"},"source_url":"https://www.barrons.com/articles/pfizer-covid-pill-pfe-stock-51640266734?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110395878","content_text":"The Covid-19 pill is here, and it couldn’t have come at a better time.\nThe pandemic grew darker over the past two weeks, as the Omicron variant swept into the U.S. With most of the widely used therapies rendered useless by the variant’s mutations, and case counts quickly climbing, doctors and public health officials have been increasingly worried.\nThe Food and Drug Administration’s authorization of Pfizer’s (ticker: PFE) Covid-19 pill Paxlovid on Wednesday offered some hope. The pill is cleared only for high-risk individuals, and supplies will initially be limited, but it will save lives.\nThe authorization represents an extraordinary coup for Pfizer, its second of the pandemic. Analysts expect Pfizer to sell $21.7 billion worth of the drug in 2022, according to FactSet, though the company now says that it will make 120 million courses of the drug next year, 40 million more than previously forecast, which will probably drive those estimates higher.\nAs Barron’s argued in November, the success of Paxlovid is more evidence that the company’s decision in 2019 to rid itself of all but its innovative biopharma business was a smart one.\nInvestors had been slow to buy into the revamped Pfizer, but late this year they caught up fast. In the 12 months before November of this year, Pfizer shares trailed the S&P 500 index, even as it rolled out its Covid-19 vaccine. Since the start of November, however, Pfizer shares have exploded. The stock is up 36.4% since then, while the S&P 500 has climbed just 1.6%.\nAnd the stock remains relatively cheap, trading at just 9.8 times earnings expected over the next 12 months, according to FactSet, a discount to peers like Eli Lilly (LLY), which trades at 31.7 times earnings, and Johnson & Johnson (JNJ), at 16.1 times earnings.\nThe good news for Pfizer this week was matched by less-good news for Merck (MRK). Though early data on its Covid-19 pill molnupiravir sent vaccine stocks lower and Merck shares higher, the shine has since come off the drug, as updated data have suggested that it’s less efficacious than it initially appeared, and safety questions have lingered.\nThe FDA issued an emergency-use authorization for molnupiravir on Thursday, a day after it issued Paxlovid’s, under far more restrictive terms. The authorization allows for molnupiravir to be used only when other Covid-19 treatments, like Paxlovid, are not accessible or not clinically appropriate. The agency also did not recommend the drug for use during pregnancy, and advised that men who take molnupiravir should use birth control for at least three months afterward.\nEarlier hopes that molnupiravir could be a long-term revenue driver are evaporating. The disappointment is a reminder of the challenge facing Merck before the end of this decade: the loss of patent protections on Keytruda, the cancer drug blockbuster that accounts for roughly a third of its revenue. Merck has been working toward filling that gap. It doesn’t appear that molnupiravir will be a big contributor to that effort.","news_type":1,"symbols_score_info":{"PFE":0.9}},"isVote":1,"tweetType":1,"viewCount":2719,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698103995,"gmtCreate":1640312409253,"gmtModify":1640313683685,"author":{"id":"3585001294737518","authorId":"3585001294737518","name":"Universe宇宙","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585001294737518","idStr":"3585001294737518"},"themes":[],"htmlText":"[Spurting] [Facepalm] ","listText":"[Spurting] [Facepalm] ","text":"[Spurting] [Facepalm]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/698103995","repostId":"2193812513","repostType":4,"isVote":1,"tweetType":1,"viewCount":2705,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698100213,"gmtCreate":1640312232853,"gmtModify":1640313628252,"author":{"id":"3585001294737518","authorId":"3585001294737518","name":"Universe宇宙","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585001294737518","idStr":"3585001294737518"},"themes":[],"htmlText":"First post 😉","listText":"First post 😉","text":"First post 😉","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":3,"commentSize":17,"repostSize":0,"link":"https://laohu8.com/post/698100213","repostId":"1130812556","repostType":4,"repost":{"id":"1130812556","kind":"news","pubTimestamp":1640311286,"share":"https://www.laohu8.com/m/news/1130812556?lang=zh_CN&edition=full","pubTime":"2021-12-24 10:01","market":"hk","language":"en","title":"Hong Kong: Stocks rise in opening trade<blockquote>香港:股市开盘上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1130812556","media":"AFP","summary":"Hong Kong stocks rose at the open of a shortened pre-holiday session Friday (Dec 24) following stron","content":"<p>Hong Kong stocks rose at the open of a shortened pre-holiday session Friday (Dec 24) following strong gains on Wall Street as fears over the Omicron coronavirus variant faded.</p><p><blockquote>随着对奥密克戎冠状病毒变种的担忧消退,华尔街强劲上涨,港股周五(12月24日)节前交易时段开盘上涨。</blockquote></p><p> The Hang Seng Index climbed 0.45 per cent or 105.08 points to 23,298.72.</p><p><blockquote>恒生指数上涨0.45%,即105.08点,至23,298.72点。</blockquote></p><p> The Shanghai Composite Index added 0.08 per cent or 2.89 points to 3,646.23, while the Shenzhen Composite Index on China's second exchange eased 0.02 per cent or 0.62 point to 2,524.12.</p><p><blockquote>上证综合指数上涨0.08%,即2.89点,至3646.23点;中国第二交易所深圳综合指数下跌0.02%,即0.62点,至2524.12点。</blockquote></p><p></p>","source":"lsy1605843958005","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong: Stocks rise in opening trade<blockquote>香港:股市开盘上涨</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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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: 12.5px; color: #7E829C; margin: 0;}\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\">\nHong Kong: Stocks rise in opening trade<blockquote>香港:股市开盘上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">AFP</strong><span class=\"h-time small\">2021-12-24 10:01</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Hong Kong stocks rose at the open of a shortened pre-holiday session Friday (Dec 24) following strong gains on Wall Street as fears over the Omicron coronavirus variant faded.</p><p><blockquote>随着对奥密克戎冠状病毒变种的担忧消退,华尔街强劲上涨,港股周五(12月24日)节前交易时段开盘上涨。</blockquote></p><p> The Hang Seng Index climbed 0.45 per cent or 105.08 points to 23,298.72.</p><p><blockquote>恒生指数上涨0.45%,即105.08点,至23,298.72点。</blockquote></p><p> The Shanghai Composite Index added 0.08 per cent or 2.89 points to 3,646.23, while the Shenzhen Composite Index on China's second exchange eased 0.02 per cent or 0.62 point to 2,524.12.</p><p><blockquote>上证综合指数上涨0.08%,即2.89点,至3646.23点;中国第二交易所深圳综合指数下跌0.02%,即0.62点,至2524.12点。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.businesstimes.com.sg/stocks/hong-kong-stocks-rise-in-opening-trade-3\">AFP</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSCEI":"国企指数","HSTECH":"恒生科技指数","HSI":"恒生指数"},"source_url":"https://www.businesstimes.com.sg/stocks/hong-kong-stocks-rise-in-opening-trade-3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130812556","content_text":"Hong Kong stocks rose at the open of a shortened pre-holiday session Friday (Dec 24) following strong gains on Wall Street as fears over the Omicron coronavirus variant faded.\nThe Hang Seng Index climbed 0.45 per cent or 105.08 points to 23,298.72.\nThe Shanghai Composite Index added 0.08 per cent or 2.89 points to 3,646.23, while the Shenzhen Composite Index on China's second exchange eased 0.02 per cent or 0.62 point to 2,524.12.","news_type":1,"symbols_score_info":{"HSCEI":0.9,"HSI":0.9,"HSTECH":0.9}},"isVote":1,"tweetType":1,"viewCount":2481,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"defaultTab":"posts","isTTM":false}