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2021-08-07

Welcomento tiger

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2021-11-24

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Why Apple Will Become An AV Leader<blockquote>为什么苹果将成为AV领导者</blockquote>

2021-08-18

Kim

@爱运动的小虎哥:Predict the Market to share MILLIONS of Tiger coins!

2021-08-08

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SEC Moves First DeFi Unregistered Securities Lawsuit<blockquote>SEC提起首起DeFi未注册证券诉讼</blockquote>

2021-11-25

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Stock Funds Took in More Cash in 2021 Than Two Decades Combined<blockquote>2021年股票基金吸收的现金超过二十年的总和</blockquote>

2021-08-15

[流泪] [流泪] [流泪] [流泪] [流泪] [流泪] [流泪]

Where Will Plug Power Be In 10 Years?<blockquote>10年后的普拉格能源会在哪里？</blockquote>

2021-11-24

Hahah[财迷] [财迷] [财迷] [财迷] [财迷] [财迷]

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2021-08-01

Cool [得意] [得意] [得意] [得意] [得意] [得意]

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2021-08-12

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2021-07-29

$XIAOMI-W(01810)$wow gogogogogo

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[呆住]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/877054244","repostId":"1105719077","repostType":4,"repost":{"id":"1105719077","kind":"news","pubTimestamp":1637845979,"share":"https://www.laohu8.com/m/news/1105719077?lang=zh_CN&edition=full","pubTime":"2021-11-25 21:12","market":"us","language":"en","title":"Stock Funds Took in More Cash in 2021 Than Two Decades Combined<blockquote>2021年股票基金吸收的现金超过二十年的总和</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1105719077","media":"Reuters","summary":"(Bloomberg) -- If there’s a single stat to capture the insatiable appetite for stocks this year, it’","content":"<p>(Bloomberg) -- If there’s a single stat to capture the insatiable appetite for stocks this year, it’s the sum of cash that went into equity funds.</p><p><blockquote>（彭博社）——如果有一个统计数据可以捕捉到今年人们对股票贪得无厌的兴趣，那就是流入股票基金的现金总额。</blockquote></p><p> Investors have poured almost $900 billion into equity exchange-traded and long-only funds in 2021 -- exceeding the combined total from the past 19 years -- according to analysts at Bank of America Corp. and EPFR Global.</p><p><blockquote>美国银行和EPFR Global的分析师表示，2021年，投资者向股票交易所交易和多头基金投入了近9000亿美元，超过了过去19年的总和。</blockquote></p><p> It’s a data point that underscores just how extraordinary and record-breaking this year has been. The combination of cheap money and an economy roaring out of the pandemic set the stage of an unstoppable rally, with frenzied retail trading and a lack of other good investment options adding fuel to the fire.</p><p><blockquote>这个数据点凸显了今年是多么非凡和破纪录。廉价资金和摆脱疫情的经济相结合，为不可阻挡的反弹奠定了基础，疯狂的零售交易和缺乏其他良好的投资选择更是火上浇油。</blockquote></p><p> The rally has left U.S. stocks teetering at record valuations and even some Wall Street analysts, usually a bullish cohort, are turning bearish for next year. For investors, the debate continues to be about how fast central banks will raise rates to combat sticky inflation, and how badly it could poentially erode economic growth.</p><p><blockquote>这次反弹导致美国股市在创纪录的估值上摇摇欲坠，甚至一些通常看涨的华尔街分析师也开始看跌明年。对于投资者来说，争论仍然是关于央行将以多快的速度加息以对抗粘性通胀，以及它可能在多大程度上严重削弱经济增长。</blockquote></p><p> One possible sign of skittishness: investors have pulled money from stock funds only twice this year, and the second time was in the past week. Equity funds had $2.7 billion outflows in the week through Nov. 23, according to BofA.</p><p><blockquote>一个可能的不安迹象是：投资者今年只从股票基金撤资两次，第二次是在过去一周。根据美国银行的数据，截至11月23日当周，股票基金流出27亿美元。</blockquote></p><p> Other highlights from BofA’s report:</p><p><blockquote>美国银行报告的其他亮点：</blockquote></p><p> <ul>  <li>The amount of money moving into the stock market dwarfed anything else this year. Bond funds attracted just $496 billion and money market funds received about $260 billion.</p><p><blockquote><ul><li>今年流入股市的资金量让其他任何东西都相形见绌。债券基金仅吸引了4960亿美元，货币市场基金获得了约2600亿美元。</li></ul></blockquote></p><p></li>  <li>ETFs continue to be the product of choice. Stock ETFs absorbed $785 billion inflows this year, compared with about $108 billion for long-only funds.</p><p><blockquote><li>ETF仍然是首选产品。股票ETF今年吸收了7850亿美元的资金流入，而仅做多基金的资金流入约为1080亿美元。</li></blockquote></p><p></li>  <li>Equity sectors that saw record investments in 2021 include financial, consumer, energy, materials, real estate and infrastructure. Tech and healthcare had their second-best year.</p><p><blockquote><li>2021年投资创纪录的股票行业包括金融、消费、能源、材料、房地产和基础设施。科技和医疗保健经历了第二好的一年。</li></blockquote></p><p></li> </ul></p><p><blockquote></blockquote></p><p></p>","source":"lsy1612507957220","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>Stock Funds Took in More Cash in 2021 Than Two Decades Combined<blockquote>2021年股票基金吸收的现金超过二十年的总和</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\">\nStock Funds Took in More Cash in 2021 Than Two Decades Combined<blockquote>2021年股票基金吸收的现金超过二十年的总和</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-11-25 21:12</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(Bloomberg) -- If there’s a single stat to capture the insatiable appetite for stocks this year, it’s the sum of cash that went into equity funds.</p><p><blockquote>（彭博社）——如果有一个统计数据可以捕捉到今年人们对股票贪得无厌的兴趣，那就是流入股票基金的现金总额。</blockquote></p><p> Investors have poured almost $900 billion into equity exchange-traded and long-only funds in 2021 -- exceeding the combined total from the past 19 years -- according to analysts at Bank of America Corp. and EPFR Global.</p><p><blockquote>美国银行和EPFR Global的分析师表示，2021年，投资者向股票交易所交易和多头基金投入了近9000亿美元，超过了过去19年的总和。</blockquote></p><p> It’s a data point that underscores just how extraordinary and record-breaking this year has been. The combination of cheap money and an economy roaring out of the pandemic set the stage of an unstoppable rally, with frenzied retail trading and a lack of other good investment options adding fuel to the fire.</p><p><blockquote>这个数据点凸显了今年是多么非凡和破纪录。廉价资金和摆脱疫情的经济相结合，为不可阻挡的反弹奠定了基础，疯狂的零售交易和缺乏其他良好的投资选择更是火上浇油。</blockquote></p><p> The rally has left U.S. stocks teetering at record valuations and even some Wall Street analysts, usually a bullish cohort, are turning bearish for next year. For investors, the debate continues to be about how fast central banks will raise rates to combat sticky inflation, and how badly it could poentially erode economic growth.</p><p><blockquote>这次反弹导致美国股市在创纪录的估值上摇摇欲坠，甚至一些通常看涨的华尔街分析师也开始看跌明年。对于投资者来说，争论仍然是关于央行将以多快的速度加息以对抗粘性通胀，以及它可能在多大程度上严重削弱经济增长。</blockquote></p><p> One possible sign of skittishness: investors have pulled money from stock funds only twice this year, and the second time was in the past week. Equity funds had $2.7 billion outflows in the week through Nov. 23, according to BofA.</p><p><blockquote>一个可能的不安迹象是：投资者今年只从股票基金撤资两次，第二次是在过去一周。根据美国银行的数据，截至11月23日当周，股票基金流出27亿美元。</blockquote></p><p> Other highlights from BofA’s report:</p><p><blockquote>美国银行报告的其他亮点：</blockquote></p><p> <ul>  <li>The amount of money moving into the stock market dwarfed anything else this year. Bond funds attracted just $496 billion and money market funds received about $260 billion.</p><p><blockquote><ul><li>今年流入股市的资金量让其他任何东西都相形见绌。债券基金仅吸引了4960亿美元，货币市场基金获得了约2600亿美元。</li></ul></blockquote></p><p></li>  <li>ETFs continue to be the product of choice. Stock ETFs absorbed $785 billion inflows this year, compared with about $108 billion for long-only funds.</p><p><blockquote><li>ETF仍然是首选产品。股票ETF今年吸收了7850亿美元的资金流入，而仅做多基金的资金流入约为1080亿美元。</li></blockquote></p><p></li>  <li>Equity sectors that saw record investments in 2021 include financial, consumer, energy, materials, real estate and infrastructure. Tech and healthcare had their second-best year.</p><p><blockquote><li>2021年投资创纪录的股票行业包括金融、消费、能源、材料、房地产和基础设施。科技和医疗保健经历了第二好的一年。</li></blockquote></p><p></li> </ul></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/stock-funds-took-more-cash-103131216.html\">Reuters</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":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://finance.yahoo.com/news/stock-funds-took-more-cash-103131216.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105719077","content_text":"(Bloomberg) -- If there’s a single stat to capture the insatiable appetite for stocks this year, it’s the sum of cash that went into equity funds.\nInvestors have poured almost $900 billion into equity exchange-traded and long-only funds in 2021 -- exceeding the combined total from the past 19 years -- according to analysts at Bank of America Corp. and EPFR Global.\nIt’s a data point that underscores just how extraordinary and record-breaking this year has been. The combination of cheap money and an economy roaring out of the pandemic set the stage of an unstoppable rally, with frenzied retail trading and a lack of other good investment options adding fuel to the fire.\nThe rally has left U.S. stocks teetering at record valuations and even some Wall Street analysts, usually a bullish cohort, are turning bearish for next year. For investors, the debate continues to be about how fast central banks will raise rates to combat sticky inflation, and how badly it could poentially erode economic growth.\nOne possible sign of skittishness: investors have pulled money from stock funds only twice this year, and the second time was in the past week. Equity funds had $2.7 billion outflows in the week through Nov. 23, according to BofA.\nOther highlights from BofA’s report:\n\nThe amount of money moving into the stock market dwarfed anything else this year. Bond funds attracted just $496 billion and money market funds received about $260 billion.\nETFs continue to be the product of choice. Stock ETFs absorbed $785 billion inflows this year, compared with about $108 billion for long-only funds.\nEquity sectors that saw record investments in 2021 include financial, consumer, energy, materials, real estate and infrastructure. Tech and healthcare had their second-best year.","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":4286,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":874307029,"gmtCreate":1637726619791,"gmtModify":1637726619791,"author":{"id":"3581490701663973","authorId":"3581490701663973","name":"PriceInvest","avatar":"https://static.tigerbbs.com/b136e732ddb8c13bbb2656750a3f72a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581490701663973","authorIdStr":"3581490701663973"},"themes":[],"htmlText":"Hahah[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"Hahah[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"Hahah[财迷] [财迷] [财迷] [财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/874307029","repostId":"2185384641","repostType":4,"isVote":1,"tweetType":1,"viewCount":4374,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":874304289,"gmtCreate":1637726588253,"gmtModify":1637726588253,"author":{"id":"3581490701663973","authorId":"3581490701663973","name":"PriceInvest","avatar":"https://static.tigerbbs.com/b136e732ddb8c13bbb2656750a3f72a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581490701663973","authorIdStr":"3581490701663973"},"themes":[],"htmlText":"[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;","listText":"[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;","text":"[得意] [得意] [得意] [得意] [得意] [得意] [得意]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/874304289","repostId":"1163579592","repostType":4,"repost":{"id":"1163579592","kind":"news","pubTimestamp":1637726185,"share":"https://www.laohu8.com/m/news/1163579592?lang=zh_CN&edition=full","pubTime":"2021-11-24 11:56","market":"us","language":"en","title":"Why Apple Will Become An AV Leader<blockquote>为什么苹果将成为AV领导者</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1163579592","media":"Seeking Alpha","summary":"Summary\n\nApple has made headlines as interest in its Autonomous technology has resurfaced.\nProject T","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Apple has made headlines as interest in its Autonomous technology has resurfaced.</li>  <li>Project Titan has been in the works for years, but has now taken a new direction.</li>  <li>I believe Apple has what it takes to be a dominant player in the EV/AV sector.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5872fb8fbedad59246eb8de6d2dcd7e9\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>Yurii Kifor/iStock via Getty Images</span></p><p><blockquote><ul><li>随着人们对其自动驾驶技术的兴趣重新浮出水面，苹果成为了头条新闻。</li><li>泰坦计划已经进行了多年，但现在有了新的方向。</li><li>我相信苹果有能力成为EV/AV领域的主导者。</li></ul><p class=\"t-img-caption\"><span>Yurii Kifor/iStock来自Getty Images</span></p></blockquote></p><p> <b>Thesis Summary</b></p><p><blockquote><b>论文摘要</b></blockquote></p><p> Apple Inc. (AAPL) made headlines last week when news of a potential Apple car divided analysts. Loup Ventures analyst Gene Munster&nbsp;compared&nbsp;Apple's capabilities in AI to those of Tesla Inc. (TSLA). Meanwhile, Morgan Stanley (MS) analysts suggested that this was the&nbsp;“ultimate bear case”.</p><p><blockquote>苹果公司（AAPL）上周成为头条新闻，当时潜在的苹果汽车的消息引起了分析师的分歧。Loup Ventures分析师Gene Munster将苹果在人工智能方面的能力与特斯拉公司(TSLA)进行了比较。与此同时，摩根士丹利（MS）分析师表示，这是“终极熊市案例”。</blockquote></p><p> I believe that Apple is well-positioned in terms of brand and technology to earn a spot in the highly coveted Autonomous Vehicle market. (Much like I pointed out in&nbsp;this previous piece)</p><p><blockquote>我相信苹果在品牌和技术方面处于有利地位，可以在令人垂涎的自动驾驶汽车市场中赢得一席之地。（就像我在上一篇文章中指出的那样）</blockquote></p><p> In this article, I look at what this could look like and just how much Apple stands to gain.</p><p><blockquote>在这篇文章中，我看看这可能是什么样子，以及苹果将获得多少收益。</blockquote></p><p> Even if Apple doesn’t succeed, investors are left with shares of a highly valuable company, which is why I think Apple is a good way of “speculating” on the future of EV/AVs</p><p><blockquote>即使苹果没有成功，投资者也会得到一家高价值公司的股票，这就是为什么我认为苹果是“投机”EV/AV未来的好方法</blockquote></p><p> <b>The Apple car is nothing new; or is it?</b></p><p><blockquote><b>苹果汽车并不新鲜；或者是吗？</b></blockquote></p><p> Although Project Titan has been operating in the background for around 7 years, we have seen renewed interest in it in the last few weeks following what seems to be a significant change in direction.</p><p><blockquote>尽管泰坦项目已经在后台运行了大约7年，但在方向似乎发生重大变化后，我们在过去几周看到了人们对它的新兴趣。</blockquote></p><p> Kevin Lynch is now leading Project Titan, and the focus has shifted from developing an EV, to some form of AV which, rather than being sold to individuals, could operate as a robo-taxi. Lynch was behind the success of the Apple Watch but has no experience in the auto industry, which is why Apple has recruited former Tesla execs and other industry experts.</p><p><blockquote>凯文·林奇(Kevin Lynch)现在领导泰坦计划(Project Titan)，重点已从开发电动汽车转向某种形式的自动驾驶汽车，这种汽车不是出售给个人，而是可以作为机器人出租车运行。林奇是苹果手表成功的幕后推手，但他没有汽车行业的经验，这就是苹果招募前特斯拉高管和其他行业专家的原因。</blockquote></p><p> Apple hopes to achieve fully&nbsp;autonomous&nbsp;driving by 2025 and has even designed&nbsp;its chip, which will be retrofitted into a test fleet in California beginning real-world testing next year.</p><p><blockquote>苹果希望到2025年实现完全自动驾驶，甚至已经设计出了自己的芯片，明年将被改装成加州的测试车队，开始现实世界的测试。</blockquote></p><p> Apple has certainly laid out an ambitious path given where other players are at the moment when it comes to autonomous driving. Tesla has been working on this since 2014, and Alphabet Inc.’s (GOOGL) Waymo was spun off over 10 years ago. The challenges with producing autonomous vehicles are as much technical as they are legal and political. Having said this, I believe that Apple has the right mix of ingredients to thrive in the space.</p><p><blockquote>考虑到其他参与者目前在自动驾驶方面的处境，苹果无疑已经规划了一条雄心勃勃的道路。特斯拉自2014年以来一直致力于此，Alphabet公司（GOOGL）的Waymo在10多年前就被分拆了。生产自动驾驶汽车的挑战既是技术上的，也是法律和政治上的。话虽如此，我相信苹果拥有在该领域蓬勃发展的正确组合。</blockquote></p><p> <b>Why Apple could lead the AV Space</b></p><p><blockquote><b>为什么苹果可以引领AV领域</b></blockquote></p><p> The fundamental question that investors have to address here is; What is Apple building? As automobile technology advances, especially with the rise of EVs, the line between car and computer has become less clear. The EVs of today are, for good and bad, heavily reliant on software. From opening your car to connecting to the internet, this is now all done electronically. The emphasis has moved from engines to chips, something which has been noted by many, including NVIDIA Corporation’s (NVDA) CEO. This change has been noted by many analysts and people involved in the segment. Huang predicted that by 2025, most cars might be sold at cost and that&nbsp;the sale of software&nbsp;will become the main source of revenue for car companies. He also noted that luxury and convenience is what is accelerating the move to EVs, rather than environmental concerns.</p><p><blockquote>投资者在这里必须解决的基本问题是：苹果在建设什么？随着汽车技术的进步，尤其是电动汽车的兴起，汽车和电脑之间的界限变得不那么清晰了。无论好坏，今天的电动汽车都严重依赖软件。从打开汽车到连接互联网，现在都是通过电子方式完成的。重点已经从引擎转移到芯片，包括英伟达公司(NVDA)首席执行官在内的许多人都注意到了这一点。许多分析师和参与该领域的人士都注意到了这一变化。黄预测，到2025年，大多数汽车可能会以成本价出售，软件销售将成为车企的主要收入来源。他还指出，加速转向电动汽车的是豪华和便利，而不是环境问题。</blockquote></p><p> If software, and the hardware it comes in, will indeed be the most important factor moving forward, then doesn’t Apple have great odds of dominating this market? Apple has built one of the most used software’s in the world, the iOS. The company also builds some of the most sophisticated and sought after hardware. And, most importantly, the company has spent decades cultivating an image and brand which is associated with luxury and convenience.</p><p><blockquote>如果软件及其硬件确实是未来最重要的因素，那么苹果不是很有可能主导这个市场吗？苹果开发了世界上最常用的软件之一iOS。该公司还制造一些最复杂和最受欢迎的硬件。最重要的是，该公司花了几十年时间培养与奢华和便利相关的形象和品牌。</blockquote></p><p> The transportation experience of the future will be radically different from what it is today. As humans become less and less involved in the driving process, their time and focus will be freed up inside the car, and will likely be redirected to the surrounding screens or “infotainment systems”. It is no accident that Apple is flirting with a design that has an Ipad in place of a steering wheel.</p><p><blockquote>未来的交通体验将与今天截然不同。随着人类越来越少地参与驾驶过程，他们的时间和注意力将在车内被释放出来，并可能被重定向到周围的屏幕或“信息娱乐系统”。苹果正在尝试一种用Ipad代替方向盘的设计，这并非偶然。</blockquote></p><p> Much like smartphones, the car of tomorrow, whether it's a personal car or part of a commercial fleet, will be programmed to act as an extension of us. They will allow us to seamlessly connect to the internet., use our other devices and ultimately allow us to keep consuming while we are taken where we need to go. While I don’t think this is necessarily a step forward for humans, it is a step in the right direction for Apple.</p><p><blockquote>就像智能手机一样，未来的汽车，无论是私人汽车还是商业车队的一部分，都将被编程为作为我们的延伸。它们将允许我们无缝连接到互联网。，使用我们的其他设备，并最终允许我们在被带到我们需要去的地方时继续消费。虽然我不认为这一定是人类向前迈出的一步，但这是苹果朝着正确方向迈出的一步。</blockquote></p><p> <b>How much does Apple stand to gain?</b></p><p><blockquote><b>苹果将获得多少收益？</b></blockquote></p><p></p><p> It’s hard to predict the future of autonomous driving. While we are certainly getting close to it in terms of technology, I fear that the regulatory landscape is not moving at the same pace. Autonomous driving has serious legal and even moral implications which we must address. Having said that, we can all agree that this is the way forward.IDTechEx&nbsp;has tried to estimate what this future will look like.</p><p><blockquote>很难预测自动驾驶的未来。虽然我们在技术方面肯定正在接近它，但我担心监管环境并没有以同样的速度发展。自动驾驶具有严重的法律甚至道德影响，我们必须解决这些问题。话虽如此，我们都同意这是前进的方向。IDTechEx试图估计这个未来会是什么样子。</blockquote></p><p>   According to our forecasts, by 2040 global autonomous cars (SAE Level 3+) and robotaxi services will become a $2.5 trillion market. By 2030, the autonomous driving system (including lidars, radars, cameras, computers, software and maps) market will reach $57 billion; the market value will more than triple by 2040, reaching $173 billion.  Source:IDTEchEX</p><p><blockquote>根据我们的预测，到2040年，全球自动驾驶汽车（SAE Level 3+）和robotaxi服务将成为2.5万亿美元的市场。到2030年，自动驾驶系统（包括激光雷达、雷达、摄像头、计算机、软件和地图）市场规模将达到570亿美元；到2040年，市值将增长两倍以上，达到1730亿美元。资料来源：IDTEchEX</blockquote></p><p> Although it is almost 20 years away, robotaxi services, which seems to be what Apple is focusing on right now, will be a $2.5 trillion business. Apple has what it takes to dominate this space because it already has a good percentage of the world using its products. It would make sense for Apple clients to use these services since the car itself would be geared towards supporting Apple’s products. We have to think of this industry as part of a larger ecosystem.</p><p><blockquote>尽管还有近20年的时间，但robotaxi服务似乎是苹果目前关注的焦点，它将是一项价值2.5万亿美元的业务。苹果有能力主导这一领域，因为它已经有很大一部分世界用户使用其产品。苹果客户使用这些服务是有意义的，因为汽车本身将致力于支持苹果的产品。我们必须将这个行业视为更大生态系统的一部分。</blockquote></p><p> Even sooner than that though, Apple could gain billions in revenue just by supplying software or hardware towards autonomous driving in one way or another:</p><p><blockquote>不过，在此之前，苹果仅通过以某种方式为自动驾驶提供软件或硬件就可以获得数十亿美元的收入：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d989317313fd9e2f7b561ec4fb2e0e49\" tg-width=\"1190\" tg-height=\"606\" width=\"100%\" height=\"auto\"><span>Source: IDTEchEX</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：IDTEchEX</span></p></blockquote></p><p> AD systems are forecast to be a $57 billion industry by 2030, and grow to $173 by 2040. Within this, software will be the most significant component. With Apple designing its chips for its cars, it could be paving the way to supplying not just its fleet of cars, but even selling chips to other manufacturers.</p><p><blockquote>预计到2030年，广告系统将成为一个价值570亿美元的产业，到2040年将增长到173美元。其中，软件将是最重要的组成部分。随着苹果为其汽车设计芯片，它可能不仅为供应其车队，甚至为向其他制造商出售芯片铺平道路。</blockquote></p><p> <b>Takeaway</b></p><p><blockquote><b>外卖</b></blockquote></p><p> In conclusion, there is a big TAM out there, I don’t think Apple will be content selling phones for the next 20 years. Apple has a great opportunity to develop a successful autonomous car, thanks to its expertise in software and hardware. Furthermore, the company is poised for commercial success, since its brand values luxury and convenience, aligned with what consumers are looking for in cars today.</p><p><blockquote>总之，有一个很大的TAM，我认为苹果在未来20年不会满足于销售手机。由于其在软件和硬件方面的专业知识，苹果有很好的机会开发一款成功的自动驾驶汽车。此外，该公司已准备好取得商业成功，因为其品牌重视豪华和便利，符合当今消费者对汽车的需求。</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>Why Apple Will Become An AV Leader<blockquote>为什么苹果将成为AV领导者</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\">\nWhy Apple Will Become An AV Leader<blockquote>为什么苹果将成为AV领导者</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\">2021-11-24 11:56</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>Apple has made headlines as interest in its Autonomous technology has resurfaced.</li>  <li>Project Titan has been in the works for years, but has now taken a new direction.</li>  <li>I believe Apple has what it takes to be a dominant player in the EV/AV sector.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5872fb8fbedad59246eb8de6d2dcd7e9\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>Yurii Kifor/iStock via Getty Images</span></p><p><blockquote><ul><li>随着人们对其自动驾驶技术的兴趣重新浮出水面，苹果成为了头条新闻。</li><li>泰坦计划已经进行了多年，但现在有了新的方向。</li><li>我相信苹果有能力成为EV/AV领域的主导者。</li></ul><p class=\"t-img-caption\"><span>Yurii Kifor/iStock来自Getty Images</span></p></blockquote></p><p> <b>Thesis Summary</b></p><p><blockquote><b>论文摘要</b></blockquote></p><p> Apple Inc. (AAPL) made headlines last week when news of a potential Apple car divided analysts. Loup Ventures analyst Gene Munster&nbsp;compared&nbsp;Apple's capabilities in AI to those of Tesla Inc. (TSLA). Meanwhile, Morgan Stanley (MS) analysts suggested that this was the&nbsp;“ultimate bear case”.</p><p><blockquote>苹果公司（AAPL）上周成为头条新闻，当时潜在的苹果汽车的消息引起了分析师的分歧。Loup Ventures分析师Gene Munster将苹果在人工智能方面的能力与特斯拉公司(TSLA)进行了比较。与此同时，摩根士丹利（MS）分析师表示，这是“终极熊市案例”。</blockquote></p><p> I believe that Apple is well-positioned in terms of brand and technology to earn a spot in the highly coveted Autonomous Vehicle market. (Much like I pointed out in&nbsp;this previous piece)</p><p><blockquote>我相信苹果在品牌和技术方面处于有利地位，可以在令人垂涎的自动驾驶汽车市场中赢得一席之地。（就像我在上一篇文章中指出的那样）</blockquote></p><p> In this article, I look at what this could look like and just how much Apple stands to gain.</p><p><blockquote>在这篇文章中，我看看这可能是什么样子，以及苹果将获得多少收益。</blockquote></p><p> Even if Apple doesn’t succeed, investors are left with shares of a highly valuable company, which is why I think Apple is a good way of “speculating” on the future of EV/AVs</p><p><blockquote>即使苹果没有成功，投资者也会得到一家高价值公司的股票，这就是为什么我认为苹果是“投机”EV/AV未来的好方法</blockquote></p><p> <b>The Apple car is nothing new; or is it?</b></p><p><blockquote><b>苹果汽车并不新鲜；或者是吗？</b></blockquote></p><p> Although Project Titan has been operating in the background for around 7 years, we have seen renewed interest in it in the last few weeks following what seems to be a significant change in direction.</p><p><blockquote>尽管泰坦项目已经在后台运行了大约7年，但在方向似乎发生重大变化后，我们在过去几周看到了人们对它的新兴趣。</blockquote></p><p> Kevin Lynch is now leading Project Titan, and the focus has shifted from developing an EV, to some form of AV which, rather than being sold to individuals, could operate as a robo-taxi. Lynch was behind the success of the Apple Watch but has no experience in the auto industry, which is why Apple has recruited former Tesla execs and other industry experts.</p><p><blockquote>凯文·林奇(Kevin Lynch)现在领导泰坦计划(Project Titan)，重点已从开发电动汽车转向某种形式的自动驾驶汽车，这种汽车不是出售给个人，而是可以作为机器人出租车运行。林奇是苹果手表成功的幕后推手，但他没有汽车行业的经验，这就是苹果招募前特斯拉高管和其他行业专家的原因。</blockquote></p><p> Apple hopes to achieve fully&nbsp;autonomous&nbsp;driving by 2025 and has even designed&nbsp;its chip, which will be retrofitted into a test fleet in California beginning real-world testing next year.</p><p><blockquote>苹果希望到2025年实现完全自动驾驶，甚至已经设计出了自己的芯片，明年将被改装成加州的测试车队，开始现实世界的测试。</blockquote></p><p> Apple has certainly laid out an ambitious path given where other players are at the moment when it comes to autonomous driving. Tesla has been working on this since 2014, and Alphabet Inc.’s (GOOGL) Waymo was spun off over 10 years ago. The challenges with producing autonomous vehicles are as much technical as they are legal and political. Having said this, I believe that Apple has the right mix of ingredients to thrive in the space.</p><p><blockquote>考虑到其他参与者目前在自动驾驶方面的处境，苹果无疑已经规划了一条雄心勃勃的道路。特斯拉自2014年以来一直致力于此，Alphabet公司（GOOGL）的Waymo在10多年前就被分拆了。生产自动驾驶汽车的挑战既是技术上的，也是法律和政治上的。话虽如此，我相信苹果拥有在该领域蓬勃发展的正确组合。</blockquote></p><p> <b>Why Apple could lead the AV Space</b></p><p><blockquote><b>为什么苹果可以引领AV领域</b></blockquote></p><p> The fundamental question that investors have to address here is; What is Apple building? As automobile technology advances, especially with the rise of EVs, the line between car and computer has become less clear. The EVs of today are, for good and bad, heavily reliant on software. From opening your car to connecting to the internet, this is now all done electronically. The emphasis has moved from engines to chips, something which has been noted by many, including NVIDIA Corporation’s (NVDA) CEO. This change has been noted by many analysts and people involved in the segment. Huang predicted that by 2025, most cars might be sold at cost and that&nbsp;the sale of software&nbsp;will become the main source of revenue for car companies. He also noted that luxury and convenience is what is accelerating the move to EVs, rather than environmental concerns.</p><p><blockquote>投资者在这里必须解决的基本问题是：苹果在建设什么？随着汽车技术的进步，尤其是电动汽车的兴起，汽车和电脑之间的界限变得不那么清晰了。无论好坏，今天的电动汽车都严重依赖软件。从打开汽车到连接互联网，现在都是通过电子方式完成的。重点已经从引擎转移到芯片，包括英伟达公司(NVDA)首席执行官在内的许多人都注意到了这一点。许多分析师和参与该领域的人士都注意到了这一变化。黄预测，到2025年，大多数汽车可能会以成本价出售，软件销售将成为车企的主要收入来源。他还指出，加速转向电动汽车的是豪华和便利，而不是环境问题。</blockquote></p><p> If software, and the hardware it comes in, will indeed be the most important factor moving forward, then doesn’t Apple have great odds of dominating this market? Apple has built one of the most used software’s in the world, the iOS. The company also builds some of the most sophisticated and sought after hardware. And, most importantly, the company has spent decades cultivating an image and brand which is associated with luxury and convenience.</p><p><blockquote>如果软件及其硬件确实是未来最重要的因素，那么苹果不是很有可能主导这个市场吗？苹果开发了世界上最常用的软件之一iOS。该公司还制造一些最复杂和最受欢迎的硬件。最重要的是，该公司花了几十年时间培养与奢华和便利相关的形象和品牌。</blockquote></p><p> The transportation experience of the future will be radically different from what it is today. As humans become less and less involved in the driving process, their time and focus will be freed up inside the car, and will likely be redirected to the surrounding screens or “infotainment systems”. It is no accident that Apple is flirting with a design that has an Ipad in place of a steering wheel.</p><p><blockquote>未来的交通体验将与今天截然不同。随着人类越来越少地参与驾驶过程，他们的时间和注意力将在车内被释放出来，并可能被重定向到周围的屏幕或“信息娱乐系统”。苹果正在尝试一种用Ipad代替方向盘的设计，这并非偶然。</blockquote></p><p> Much like smartphones, the car of tomorrow, whether it's a personal car or part of a commercial fleet, will be programmed to act as an extension of us. They will allow us to seamlessly connect to the internet., use our other devices and ultimately allow us to keep consuming while we are taken where we need to go. While I don’t think this is necessarily a step forward for humans, it is a step in the right direction for Apple.</p><p><blockquote>就像智能手机一样，未来的汽车，无论是私人汽车还是商业车队的一部分，都将被编程为作为我们的延伸。它们将允许我们无缝连接到互联网。，使用我们的其他设备，并最终允许我们在被带到我们需要去的地方时继续消费。虽然我不认为这一定是人类向前迈出的一步，但这是苹果朝着正确方向迈出的一步。</blockquote></p><p> <b>How much does Apple stand to gain?</b></p><p><blockquote><b>苹果将获得多少收益？</b></blockquote></p><p></p><p> It’s hard to predict the future of autonomous driving. While we are certainly getting close to it in terms of technology, I fear that the regulatory landscape is not moving at the same pace. Autonomous driving has serious legal and even moral implications which we must address. Having said that, we can all agree that this is the way forward.IDTechEx&nbsp;has tried to estimate what this future will look like.</p><p><blockquote>很难预测自动驾驶的未来。虽然我们在技术方面肯定正在接近它，但我担心监管环境并没有以同样的速度发展。自动驾驶具有严重的法律甚至道德影响，我们必须解决这些问题。话虽如此，我们都同意这是前进的方向。IDTechEx试图估计这个未来会是什么样子。</blockquote></p><p>   According to our forecasts, by 2040 global autonomous cars (SAE Level 3+) and robotaxi services will become a $2.5 trillion market. By 2030, the autonomous driving system (including lidars, radars, cameras, computers, software and maps) market will reach $57 billion; the market value will more than triple by 2040, reaching $173 billion.  Source:IDTEchEX</p><p><blockquote>根据我们的预测，到2040年，全球自动驾驶汽车（SAE Level 3+）和robotaxi服务将成为2.5万亿美元的市场。到2030年，自动驾驶系统（包括激光雷达、雷达、摄像头、计算机、软件和地图）市场规模将达到570亿美元；到2040年，市值将增长两倍以上，达到1730亿美元。资料来源：IDTEchEX</blockquote></p><p> Although it is almost 20 years away, robotaxi services, which seems to be what Apple is focusing on right now, will be a $2.5 trillion business. Apple has what it takes to dominate this space because it already has a good percentage of the world using its products. It would make sense for Apple clients to use these services since the car itself would be geared towards supporting Apple’s products. We have to think of this industry as part of a larger ecosystem.</p><p><blockquote>尽管还有近20年的时间，但robotaxi服务似乎是苹果目前关注的焦点，它将是一项价值2.5万亿美元的业务。苹果有能力主导这一领域，因为它已经有很大一部分世界用户使用其产品。苹果客户使用这些服务是有意义的，因为汽车本身将致力于支持苹果的产品。我们必须将这个行业视为更大生态系统的一部分。</blockquote></p><p> Even sooner than that though, Apple could gain billions in revenue just by supplying software or hardware towards autonomous driving in one way or another:</p><p><blockquote>不过，在此之前，苹果仅通过以某种方式为自动驾驶提供软件或硬件就可以获得数十亿美元的收入：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d989317313fd9e2f7b561ec4fb2e0e49\" tg-width=\"1190\" tg-height=\"606\" width=\"100%\" height=\"auto\"><span>Source: IDTEchEX</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：IDTEchEX</span></p></blockquote></p><p> AD systems are forecast to be a $57 billion industry by 2030, and grow to $173 by 2040. Within this, software will be the most significant component. With Apple designing its chips for its cars, it could be paving the way to supplying not just its fleet of cars, but even selling chips to other manufacturers.</p><p><blockquote>预计到2030年，广告系统将成为一个价值570亿美元的产业，到2040年将增长到173美元。其中，软件将是最重要的组成部分。随着苹果为其汽车设计芯片，它可能不仅为供应其车队，甚至为向其他制造商出售芯片铺平道路。</blockquote></p><p> <b>Takeaway</b></p><p><blockquote><b>外卖</b></blockquote></p><p> In conclusion, there is a big TAM out there, I don’t think Apple will be content selling phones for the next 20 years. Apple has a great opportunity to develop a successful autonomous car, thanks to its expertise in software and hardware. Furthermore, the company is poised for commercial success, since its brand values luxury and convenience, aligned with what consumers are looking for in cars today.</p><p><blockquote>总之，有一个很大的TAM，我认为苹果在未来20年不会满足于销售手机。由于其在软件和硬件方面的专业知识，苹果有很好的机会开发一款成功的自动驾驶汽车。此外，该公司已准备好取得商业成功，因为其品牌重视豪华和便利，符合当今消费者对汽车的需求。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4471397-apple-aapl-stock-will-become-automatic-vehicle-leader\">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":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4471397-apple-aapl-stock-will-become-automatic-vehicle-leader","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163579592","content_text":"Summary\n\nApple has made headlines as interest in its Autonomous technology has resurfaced.\nProject Titan has been in the works for years, but has now taken a new direction.\nI believe Apple has what it takes to be a dominant player in the EV/AV sector.\n\nYurii Kifor/iStock via Getty Images\nThesis Summary\nApple Inc. (AAPL) made headlines last week when news of a potential Apple car divided analysts. Loup Ventures analyst Gene Munster compared Apple's capabilities in AI to those of Tesla Inc. (TSLA). Meanwhile, Morgan Stanley (MS) analysts suggested that this was the “ultimate bear case”.\nI believe that Apple is well-positioned in terms of brand and technology to earn a spot in the highly coveted Autonomous Vehicle market. (Much like I pointed out in this previous piece)\nIn this article, I look at what this could look like and just how much Apple stands to gain.\nEven if Apple doesn’t succeed, investors are left with shares of a highly valuable company, which is why I think Apple is a good way of “speculating” on the future of EV/AVs\nThe Apple car is nothing new; or is it?\nAlthough Project Titan has been operating in the background for around 7 years, we have seen renewed interest in it in the last few weeks following what seems to be a significant change in direction.\nKevin Lynch is now leading Project Titan, and the focus has shifted from developing an EV, to some form of AV which, rather than being sold to individuals, could operate as a robo-taxi. Lynch was behind the success of the Apple Watch but has no experience in the auto industry, which is why Apple has recruited former Tesla execs and other industry experts.\nApple hopes to achieve fully autonomous driving by 2025 and has even designed its chip, which will be retrofitted into a test fleet in California beginning real-world testing next year.\nApple has certainly laid out an ambitious path given where other players are at the moment when it comes to autonomous driving. Tesla has been working on this since 2014, and Alphabet Inc.’s (GOOGL) Waymo was spun off over 10 years ago. The challenges with producing autonomous vehicles are as much technical as they are legal and political. Having said this, I believe that Apple has the right mix of ingredients to thrive in the space.\nWhy Apple could lead the AV Space\nThe fundamental question that investors have to address here is; What is Apple building? As automobile technology advances, especially with the rise of EVs, the line between car and computer has become less clear. The EVs of today are, for good and bad, heavily reliant on software. From opening your car to connecting to the internet, this is now all done electronically. The emphasis has moved from engines to chips, something which has been noted by many, including NVIDIA Corporation’s (NVDA) CEO. This change has been noted by many analysts and people involved in the segment. Huang predicted that by 2025, most cars might be sold at cost and that the sale of software will become the main source of revenue for car companies. He also noted that luxury and convenience is what is accelerating the move to EVs, rather than environmental concerns.\nIf software, and the hardware it comes in, will indeed be the most important factor moving forward, then doesn’t Apple have great odds of dominating this market? Apple has built one of the most used software’s in the world, the iOS. The company also builds some of the most sophisticated and sought after hardware. And, most importantly, the company has spent decades cultivating an image and brand which is associated with luxury and convenience.\nThe transportation experience of the future will be radically different from what it is today. As humans become less and less involved in the driving process, their time and focus will be freed up inside the car, and will likely be redirected to the surrounding screens or “infotainment systems”. It is no accident that Apple is flirting with a design that has an Ipad in place of a steering wheel.\nMuch like smartphones, the car of tomorrow, whether it's a personal car or part of a commercial fleet, will be programmed to act as an extension of us. They will allow us to seamlessly connect to the internet., use our other devices and ultimately allow us to keep consuming while we are taken where we need to go. While I don’t think this is necessarily a step forward for humans, it is a step in the right direction for Apple.\nHow much does Apple stand to gain?\nIt’s hard to predict the future of autonomous driving. While we are certainly getting close to it in terms of technology, I fear that the regulatory landscape is not moving at the same pace. Autonomous driving has serious legal and even moral implications which we must address. Having said that, we can all agree that this is the way forward.IDTechEx has tried to estimate what this future will look like.\n\n According to our forecasts, by 2040 global autonomous cars (SAE Level 3+) and robotaxi services will become a $2.5 trillion market. By 2030, the autonomous driving system (including lidars, radars, cameras, computers, software and maps) market will reach $57 billion; the market value will more than triple by 2040, reaching $173 billion.\n\nSource:IDTEchEX\nAlthough it is almost 20 years away, robotaxi services, which seems to be what Apple is focusing on right now, will be a $2.5 trillion business. Apple has what it takes to dominate this space because it already has a good percentage of the world using its products. It would make sense for Apple clients to use these services since the car itself would be geared towards supporting Apple’s products. We have to think of this industry as part of a larger ecosystem.\nEven sooner than that though, Apple could gain billions in revenue just by supplying software or hardware towards autonomous driving in one way or another:\nSource: IDTEchEX\nAD systems are forecast to be a $57 billion industry by 2030, and grow to $173 by 2040. Within this, software will be the most significant component. With Apple designing its chips for its cars, it could be paving the way to supplying not just its fleet of cars, but even selling chips to other manufacturers.\nTakeaway\nIn conclusion, there is a big TAM out there, I don’t think Apple will be content selling phones for the next 20 years. Apple has a great opportunity to develop a successful autonomous car, thanks to its expertise in software and hardware. Furthermore, the company is poised for commercial success, since its brand values luxury and convenience, aligned with what consumers are looking for in cars today.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":4003,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":833462361,"gmtCreate":1629256226053,"gmtModify":1631891651461,"author":{"id":"3581490701663973","authorId":"3581490701663973","name":"PriceInvest","avatar":"https://static.tigerbbs.com/b136e732ddb8c13bbb2656750a3f72a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581490701663973","authorIdStr":"3581490701663973"},"themes":[],"htmlText":"Kim","listText":"Kim","text":"Kim","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/833462361","repostId":"147198981","repostType":1,"repost":{"id":147198981,"gmtCreate":1626339423337,"gmtModify":1626399206134,"author":{"id":"3527667615621999","authorId":"3527667615621999","name":"爱运动的小虎哥","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667615621999","authorIdStr":"3527667615621999"},"themes":[],"title":"Predict the Market to share MILLIONS of Tiger coins!","htmlText":"Hello,&nbsp;dear&nbsp;Tigers!&nbsp; Wanna&nbsp;have&nbsp;more&nbsp;commission-free&nbsp;trades&nbsp;but&nbsp;your&nbsp;Tiger&nbsp;coins&nbsp;are&nbsp;not&nbsp;enough?&nbsp; <a href=\"https://www.tigerbrokers.com.sg/activity/forapp/guess-up-down/#/\" target=\"_blank\">Come&nbsp;join&nbsp;this&nbsp;game&nbsp;to&nbsp;win&nbsp;commission-free&nbsp;trades&nbsp;&amp;&nbsp;MILLIONS&nbsp;OF&nbsp;Tiger&nbsp;coins!&nbsp;&nbsp;&nbsp;</a> 1.&nbsp;How&nbsp;to&nbsp;Participate?&nbsp; From 02:00:00 pm to 11:30:00 pm (GMT+8) on a prediction day, a client may submit his/her prediction of the price movement of the S&amp;P 500 by contributing Tiger coins, the result of which will be announced approximately 15 minutes after the US stock market closes (04:00:00 am in Daylight Saving Time, 05:00:00 am in Standard T","listText":"Hello,&nbsp;dear&nbsp;Tigers!&nbsp; Wanna&nbsp;have&nbsp;more&nbsp;commission-free&nbsp;trades&nbsp;but&nbsp;your&nbsp;Tiger&nbsp;coins&nbsp;are&nbsp;not&nbsp;enough?&nbsp; <a href=\"https://www.tigerbrokers.com.sg/activity/forapp/guess-up-down/#/\" target=\"_blank\">Come&nbsp;join&nbsp;this&nbsp;game&nbsp;to&nbsp;win&nbsp;commission-free&nbsp;trades&nbsp;&amp;&nbsp;MILLIONS&nbsp;OF&nbsp;Tiger&nbsp;coins!&nbsp;&nbsp;&nbsp;</a> 1.&nbsp;How&nbsp;to&nbsp;Participate?&nbsp; From 02:00:00 pm to 11:30:00 pm (GMT+8) on a prediction day, a client may submit his/her prediction of the price movement of the S&amp;P 500 by contributing Tiger coins, the result of which will be announced approximately 15 minutes after the US stock market closes (04:00:00 am in Daylight Saving Time, 05:00:00 am in Standard T","text":"Hello, dear Tigers! Wanna have more commission-free trades but your Tiger coins are not enough? Come join this game to win commission-free trades & MILLIONS OF Tiger coins! 1. How to Participate? From 02:00:00 pm to 11:30:00 pm (GMT+8) on a prediction day, a client may submit his/her prediction of the price movement of the S&P 500 by contributing Tiger coins, the result of which will be announced approximately 15 minutes after the US stock market closes (04:00:00 am in Daylight Saving Time, 05:00:00 am in Standard T","images":[],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/147198981","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2982,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":830090872,"gmtCreate":1628991815496,"gmtModify":1631891651464,"author":{"id":"3581490701663973","authorId":"3581490701663973","name":"PriceInvest","avatar":"https://static.tigerbbs.com/b136e732ddb8c13bbb2656750a3f72a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581490701663973","authorIdStr":"3581490701663973"},"themes":[],"htmlText":"[流泪]&nbsp;[流泪]&nbsp;[流泪]&nbsp;[流泪]&nbsp;[流泪]&nbsp;[流泪]&nbsp;[流泪]&nbsp;","listText":"[流泪]&nbsp;[流泪]&nbsp;[流泪]&nbsp;[流泪]&nbsp;[流泪]&nbsp;[流泪]&nbsp;[流泪]&nbsp;","text":"[流泪] [流泪] [流泪] [流泪] [流泪] [流泪] [流泪]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/830090872","repostId":"1133270372","repostType":4,"repost":{"id":"1133270372","kind":"news","pubTimestamp":1628988501,"share":"https://www.laohu8.com/m/news/1133270372?lang=zh_CN&edition=full","pubTime":"2021-08-15 08:48","market":"us","language":"en","title":"Where Will Plug Power Be In 10 Years?<blockquote>10年后的普拉格能源会在哪里？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1133270372","media":"seekingalpha","summary":"Summary\n\nPlug Power is active in an attractive industry with huge growth tailwinds.\nIt serves low-ri","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Plug Power is active in an attractive industry with huge growth tailwinds.</li>  <li>It serves low-risk customers and has a strong position in its industry.</li>  <li>Shares are pricing in a lot of future growth, and investors should consider what actual per-share returns might look like before deploying money at current valuations.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2fa1aea5535d99338f385c168062b218\" tg-width=\"1536\" tg-height=\"852\" referrerpolicy=\"no-referrer\"><span>Fokusiert/iStock via Getty Images</span></p><p><blockquote><ul><li>普拉格能源活跃在一个具有巨大增长动力的有吸引力的行业中。</li><li>它服务于低风险客户，在行业中拥有强大的地位。</li><li>股价反映了未来的大量增长，投资者在以当前估值配置资金之前应该考虑实际每股回报可能是什么样子。</li></ul><p class=\"t-img-caption\"><span>Fokusiert/iStock来自Getty Images</span></p></blockquote></p><p> <b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p> Plug Power, Inc. (PLUG) is active in a high-growth industry, which translates into a strong long-term business growth outlook, as long as the company can capitalize on its goals and management executes well. The company is, however, not profitable yet, and the path to meaningful net profits holds some uncertainties still. Taking a longer-term view, we can expect that Plug Power will generate positive net profits despite the fact that shares are valuing the company at a relatively high current valuation. From a risk-reward standpoint, there may be better picks available, though, despite the fact that I believe that shares will trade materially higher in 2031.</p><p><blockquote>普拉格能源公司（PLUG）活跃于高增长行业，只要公司能够实现其目标并且管理层执行良好，这就意味着强劲的长期业务增长前景。然而，该公司尚未盈利，实现有意义的净利润的道路仍然存在一些不确定性。从更长远的角度来看，我们可以预计普拉格能源将产生正的净利润，尽管该公司目前的估值相对较高。不过，从风险回报的角度来看，可能有更好的选择，尽管我相信2031年股价将大幅走高。</blockquote></p><p> <b>Plug Power Stock Price</b></p><p><blockquote><b>普拉格能源股价</b></blockquote></p><p> Plug Power, Inc. has seen its share price move up and down violently over the last year:</p><p><blockquote>去年，普拉格能源公司的股价剧烈上下波动：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d940297249151eddcccf6440d20ef031\" tg-width=\"635\" tg-height=\"417\" 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> Shares trade 130% higher than 12 months ago, but at the same time, shares trade at just one-third of the all-time high today. In early 2021, shares exploded upwards at a time when other renewable/new energy and related stocks, including EV plays, benefited from massive investor enthusiasm. Since then, enthusiasm seems to have cooled, and shares have reverted back to the $20s. At current prices, Plug Power, Inc. is valued at $16 billion based on a diluted share count of a little less than 600 million. Analysts are pretty bullish on the stock right now, as the consensus price target of $41 implies an upside potential of around 50% from current prices throughout the next year. It should be noted, however, that the analyst consensus price target has been lowered in recent months, and may continue to be lowered going forward. Due to non-existent profits PLUG can't be valued on an earnings basis, but shares trade for around 30x this year's revenue, which is quite expensive.</p><p><blockquote>股价比12个月前上涨了130%，但与此同时，股价仅为今天历史高点的三分之一。2021年初，其他可再生能源/新能源及相关股票（包括电动汽车）受益于投资者的巨大热情，股价大幅上涨。此后，热情似乎有所降温，股价又回到了20多美元。按目前价格计算，普拉格能源公司的估值为160亿美元，稀释后的股票数量略低于6亿股。分析师目前非常看好该股，因为41美元的一致目标价意味着明年较当前价格有50%左右的上涨潜力。但值得注意的是，近几个月来分析师一致的目标价已被下调，并且未来可能会继续下调。由于不存在利润，PLUG无法以盈利为基础进行估值，但股价约为今年收入的30倍，这相当昂贵。</blockquote></p><p> <b>Plug Power Stock Prediction</b></p><p><blockquote><b>普拉格能源股票预测</b></blockquote></p><p> Plug Power, Inc. is active in an absolute growth industry, as hydrogen fuel cells will see huge demand growth in coming years as they allow for an environmentally friendly alternative to other fuels. Plug Power, as a turnkey provider in a market leadership position for this technology, is well-positioned to capitalize on this megatrend. Through a network of global partnerships, including with Brookfield Renewable Partners (BEP), Plug Power is working on growing the green hydrogen industryglobally:</p><p><blockquote>普拉格能源公司活跃在一个绝对增长的行业，因为氢燃料电池将在未来几年看到巨大的需求增长，因为它们允许作为其他燃料的环保替代品。普拉格能源作为该技术市场领先地位的交钥匙供应商，完全有能力利用这一大趋势。通过包括Brookfield Renewable Partners(BEP)在内的全球合作伙伴网络，普拉格能源正在致力于在全球范围内发展绿色氢产业：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/91a8e3b57882e429c9eace431bd1f541\" tg-width=\"640\" tg-height=\"350\" width=\"100%\" height=\"auto\"><span>Source: Plug Power presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：普拉格能源演示</span></p></blockquote></p><p> Plug Power's green hydrogen can be used for powering trucks, busses, and other vehicles, while the company is also providing environmentally friendly alternatives to diesel generators in the megawatt scale range that can be used by utilities, for example. The company is, on top of that, also working on other ventures that are not ready to be commercialized yet, such as powering aircraft with hydrogen. Plug Power will have at least 5 hydrogen plants running in the US in 2024, i.e. three years from now, with more projects being in the pipeline both in the US and in overseas markets such as Europe.</p><p><blockquote>普拉格能源的绿色氢可用于为卡车、公共汽车和其他车辆提供动力，同时该公司还为公用事业公司使用的兆瓦级柴油发电机提供环保替代品。除此之外，该公司还致力于其他尚未准备好商业化的项目，例如用氢气为飞机提供动力。到2024年，即三年后，普拉格能源将在美国至少有5座制氢工厂投入运营，美国和欧洲等海外市场还有更多项目正在酝酿中。</blockquote></p><p> 80% of Plug Power's customers are what the company calls blue chip customers, which includes companies such as Amazon (AMZN). These companies are oftentimes highly inclined to improve their CO2 footprint in order to receive better ESG ratings, and at the same time, these are low-risk customers as their strong balance sheets and cash flows mean that the risk of liquidity or solvency issues is negligible. Overall, Plug Power thus works with attractive counterparts, and their financial firepower means that Plug Power is not forced to sell its products at bargain prices, which is why the company has been able to generate relatively attractive product gross margins in the 30s in recent quarters.</p><p><blockquote>普拉格能源80%的客户是该公司的评级蓝筹客户，其中包括亚马逊（AMZN）等公司。这些公司通常非常倾向于改善其二氧化碳足迹，以获得更好的ESG评级，同时，这些公司是低风险客户，因为其强劲的资产负债表和现金流意味着流动性或偿付能力问题的风险可以忽略不计。总体而言，普拉格能源因此与有吸引力的同行合作，他们的财务火力意味着普拉格能源不会被迫以便宜的价格出售其产品，这就是为什么该公司最近几个季度能够产生相对有吸引力的产品毛利率在30年代。</blockquote></p><p></p><p> Due to the still relatively small scale of the company, Plug Power is not profitable on a net basis or operating basis, however. The company's operating expenses, relative to the revenues that Plug Power generates, are still too high for now. This should, however, change over time, as operating leverage and improving product margins should allow Plug Power to grow gross profits relative to operating expenses, which will result in improving profitability. Analysts are currently predicting positive net profits for fiscal 2024, or three years from now. It would, of course, be better if Plug Power had hit that point already, but for long-term oriented investors, two more years of negative profits will not be a disaster.</p><p><blockquote>然而，由于公司规模仍然相对较小，普拉格能源在净利润或运营基础上均未盈利。相对于普拉格能源产生的收入，该公司的运营费用目前仍然过高。然而，这种情况应该会随着时间的推移而改变，因为运营杠杆和产品利润率的提高应该会使普拉格能源的毛利润相对于运营费用增长，从而提高盈利能力。分析师目前预测2024财年（即三年后）净利润为正。当然，如果普拉格能源已经达到了这一点，那就更好了，但对于注重长期的投资者来说，再有两年的负利润并不是一场灾难。</blockquote></p><p> When investing in a company such as Plug Power, the very near term is not too relevant, but what matters more is the longer-term potential of the company to grow its revenue and profits. Through the combination of ESG tailwinds, massive market growth, and its market leadership position, Plug Power seems to be well-positioned to grow its revenue for many years to come:</p><p><blockquote>在投资普拉格能源这样的公司时，短期并不太重要，但更重要的是公司收入和利润增长的长期潜力。通过ESG顺风、大规模市场增长及其市场领导地位的结合，普拉格能源似乎处于有利地位，可以在未来许多年增加收入：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4d6f0576ba51f219d85b18d90ccaf6f4\" tg-width=\"640\" tg-height=\"628\" width=\"100%\" height=\"auto\"><span>Source:Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：寻求阿尔法</span></p></blockquote></p><p> Analysts are currently predicting that revenues will grow at 50%+ a year over the next three years, while growth is forecasted to remain almost 30% through at least 2030, which equates to a highly attractive long-term growth outlook. There are, of course, no guarantees that this will indeed happen, as some risks to the business model remain. The company is not profitable yet, thus funding of future growth projects could theoretically become a problem. On top of that, it is possible that other players with deep pockets will try to disrupt the market or gain market share. The risk of that is, I believe, due to Plug Power's leadership position, not very large. But should the market become more competitive, non-profitable Plug Power might run into problems if it were to run into market share fights that could pressure margins.</p><p><blockquote>分析师目前预测，未来三年收入将以每年50%以上的速度增长，而至少到2030年，增长率预计将保持近30%，这相当于极具吸引力的长期增长前景。当然，不能保证这种情况确实会发生，因为商业模式的一些风险仍然存在。该公司尚未盈利，因此未来增长项目的资金理论上可能会成为一个问题。最重要的是，其他财力雄厚的参与者可能会试图扰乱市场或获得市场份额。我相信，由于普拉格能源的领导地位，这种风险并不是很大。但如果市场竞争变得更加激烈，非盈利的普拉格能源如果遭遇市场份额争夺战，可能会给利润率带来压力，可能会遇到问题。</blockquote></p><p> Some execution risks do thus remain for sure, and investors shouldn't see the above growth projections as crystal-clear forecasts that are infallible. Instead, however, the above predictions showcase what a base-case scenario could look like, and actual results might be better or worse than that. Overall, it can be said that the longer-term outlook for Plug Power's business is excellent, as the company should be able to grow at an attractive pace for many years to come, as investors, companies, and consumers put more and more emphasis on a smaller carbon footprint. Obvious growth prospects for an industry do not, however, automatically translate into share price gains. Those that bought shares of Cisco (CSCO) at the highs during the dot.com bubble, for example, are still in the red today, 22 years later, despite the massive growth the business has experienced in that time frame. Valuations should be considered as well, and Plug Power is far from cheap today.</p><p><blockquote>因此，一些执行风险确实仍然存在，投资者不应将上述增长预测视为绝对可靠的清晰预测。然而，相反，上述预测展示了基本情况可能是什么样子，实际结果可能比这更好或更差。总体而言，可以说普拉格能源业务的长期前景非常好，因为随着投资者、公司和消费者越来越重视更小的碳足迹，该公司应该能够在未来许多年以有吸引力的速度增长。然而，一个行业明显的增长前景并不会自动转化为股价上涨。例如，那些在互联网泡沫期间高位购买思科(CSCO)股票的公司，尽管该业务在此期间经历了巨大增长，但22年后的今天仍然处于亏损状态。估值也应该考虑，普拉格能源今天的价格远非便宜。</blockquote></p><p> <b>Plug Power Stock Forecast For 2030</b></p><p><blockquote><b>2030年普拉格能源股票预测</b></blockquote></p><p> Today, Plug Power is trading for around 32x this year's expected revenue. If that was an earnings multiple, the stock still wouldn't be especially cheap, relative to how the average company is valued. At more than 30x sales, shares do seem very expensive. When we consider PLUG's growth outlook over the coming decade, that is relativized to some degree, but I believe that shares are still trading above fair value.</p><p><blockquote>如今，普拉格能源的股价约为今年预期收入的32倍。如果这是市盈率，相对于公司的平均估值，该股仍然不会特别便宜。以超过30倍的销售额计算，股价确实看起来非常昂贵。当我们考虑PLUG未来十年的增长前景时，这在某种程度上是相对的，但我相信股价仍高于公允价值。</blockquote></p><p> If the analyst consensus estimate for 2030's revenues is correct, at $10.5 billion, then shares are trading at around 1.5x 2030's revenue right now. Many industrial names are trading for 1x to 2x this year's revenue right now, which indicates how much future growth is priced into PLUG's stock already. One can, of course, argue that PLUG's growth outlook in 2030 is likely still better than that of the average company today, as it seems very much possible for PLUG to grow at a double-digit rate well beyond 2030. But still, shares upside for PLUG's shares is not too great over the coming decade, I believe.</p><p><blockquote>如果分析师对2030年收入的一致估计是正确的，为105亿美元，那么目前股价的交易价格约为2030年收入的1.5倍。许多工业公司目前的交易价格是今年收入的1至2倍，这表明PLUG的股票已经反映了未来的增长。当然，人们可以说，PLUG在2030年的增长前景可能仍好于当今的普通公司，因为PLUG很有可能在2030年之后以两位数的速度增长。但我相信，PLUG股价在未来十年的上涨空间不会太大。</blockquote></p><p></p><p> If PLUG were to trade at a still relatively steep 3.5x revenue in 2030, this gets us to a market cap estimate of around $37billion, or roughly 2.3x as much as today. PLUG's share count will, however, not stay unchanged over the next decade, which is why returns on a per-share basis will be lower than that. If we assume that the share count climbs by just 2% a year, 2030's share count will stand at a little above 700 million. At a $37 billion market capitalization, each individual stock would then trade at around $53, which would mean a return of ~100% from today. On an annual basis, this would equate to returns of 8%. 8% annual returns are far from bad, but many things have to go right for that to happen -- PLUG has to execute well, deliver on growth projects, and avoid massive share issuance. When we also consider that this estimate requires a still rather high 3.5x sales multiple in 2030, then those returns are not great enough to warrant a buy rating, I believe. It would be different of 8% returns could come from a very de-risked blue chip with very low uncertainties, but that is not the case here. For reference, if PLUG executes well and hits growth estimates, but its shares trade for 2.5x sales in 2030, then the share price, assuming 2% annual dilution, would be $37, which would equate to just 4% annual returns. PLUG's share count has risen by around 50% over the last year alone, and even though I don't expect similar dilution in coming years, it is at least possible for PLUG's share count to rise by significantly more than 2% a year, which would pressure returns further.</p><p><blockquote>如果PLUG在2030年的交易收入仍然相对较高的3.5倍，那么我们的市值估计约为370亿美元，大约是今天的2.3倍。然而，PLUG的股票数量在未来十年不会保持不变，这就是为什么每股回报率将低于这一数字。如果我们假设股票数量每年仅增长2%，那么2030年的股票数量将略高于7亿股。在370亿美元的市值下，每只股票的交易价格约为53美元，这意味着从今天起的回报率约为100%。按年计算，这相当于8%的回报率。8%的年回报率远非坏事，但要实现这一目标，许多事情必须顺利进行——PLUG必须执行良好，交付增长项目，并避免大规模股票发行。当我们还考虑到这一估计需要2030年仍然相当高的3.5倍销售倍数时，我相信这些回报还不足以保证买入评级。8%的回报可能来自风险非常低、不确定性非常低的蓝筹股，但这里的情况并非如此。作为参考，如果PLUG执行良好并达到增长预期，但其股价在2030年的交易价格为销售额的2.5倍，那么假设年稀释2%，股价将为37美元，这相当于年回报率仅为4%。仅去年一年，PLUG的股票数量就增加了约50%，尽管我预计未来几年不会出现类似的稀释，但PLUG的股票数量至少有可能每年大幅增加2%以上，这将进一步给回报带来压力。</blockquote></p><p> Overall, I do not believe that investors will lose money with PLUG over the next decade or more. But I also do not believe that investors will see very attractive returns in that time frame, despite the fact that Plug Power's underlying business growth outlook is highly attractive. Shares are pricing in a lot of future growth already, and I believe that returns in the sub-10% range can also be generated through lower-risk investments, with less volatile stocks.</p><p><blockquote>总体而言，我不认为投资者在未来十年或更长时间内会因PLUG而亏损。但我也不相信投资者会在这段时间内看到非常有吸引力的回报，尽管普拉格能源的基本业务增长前景非常有吸引力。股票已经反映了未来的大量增长，我相信通过风险较低、股票波动性较小的投资也可以产生低于10%的回报。</blockquote></p><p> <b>Conclusion: Where Could Plug Power Be In 10 Years?</b></p><p><blockquote><b>结论：10年后普拉格能源会在哪里？</b></blockquote></p><p> One can't know that today, but we can make educated guesses. According to may scenarios laid out above, PLUG could trade at $37-$55 in 2030, factoring in another year of growth, we could end up at $40-$60 in 2031, I believe -- if many things go right. In case there are major hiccups with growth projects, or if the share count rises more than expected, these estimates may be too high.</p><p><blockquote>今天人们无法知道这一点，但我们可以做出有根据的猜测。根据上面列出的5月份情景，PLUG在2030年的交易价格可能为37-55美元，考虑到又一年的增长，我相信，如果很多事情进展顺利，我们在2031年的交易价格可能会达到40-60美元。如果增长项目出现重大问题，或者股票数量增长超过预期，这些估计可能会过高。</blockquote></p><p> Overall, I believe that there is considerable long-term upside potential for PLUG's shares, but expected returns in the mid-to-high-single digits range are not gigantic, and the same returns can be generated through more mature, less volatile investments with fewer uncertainties and less execution risk. I thus do think that PLUG is not a buy right here, even though I like the company's growth prospects and its position in an attractive industry.</p><p><blockquote>总体而言，我认为PLUG的股票有相当大的长期上涨潜力，但中高个位数范围的预期回报并不巨大，通过更成熟、波动性更小的投资可以产生相同的回报，不确定性更少，执行风险更小。因此，我确实认为PLUG在这里不值得买入，尽管我喜欢该公司的增长前景及其在有吸引力的行业中的地位。</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>Where Will Plug Power Be In 10 Years?<blockquote>10年后的普拉格能源会在哪里？</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\">\nWhere Will Plug Power Be In 10 Years?<blockquote>10年后的普拉格能源会在哪里？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-08-15 08:48</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>Plug Power is active in an attractive industry with huge growth tailwinds.</li>  <li>It serves low-risk customers and has a strong position in its industry.</li>  <li>Shares are pricing in a lot of future growth, and investors should consider what actual per-share returns might look like before deploying money at current valuations.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2fa1aea5535d99338f385c168062b218\" tg-width=\"1536\" tg-height=\"852\" referrerpolicy=\"no-referrer\"><span>Fokusiert/iStock via Getty Images</span></p><p><blockquote><ul><li>普拉格能源活跃在一个具有巨大增长动力的有吸引力的行业中。</li><li>它服务于低风险客户，在行业中拥有强大的地位。</li><li>股价反映了未来的大量增长，投资者在以当前估值配置资金之前应该考虑实际每股回报可能是什么样子。</li></ul><p class=\"t-img-caption\"><span>Fokusiert/iStock来自Getty Images</span></p></blockquote></p><p> <b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p> Plug Power, Inc. (PLUG) is active in a high-growth industry, which translates into a strong long-term business growth outlook, as long as the company can capitalize on its goals and management executes well. The company is, however, not profitable yet, and the path to meaningful net profits holds some uncertainties still. Taking a longer-term view, we can expect that Plug Power will generate positive net profits despite the fact that shares are valuing the company at a relatively high current valuation. From a risk-reward standpoint, there may be better picks available, though, despite the fact that I believe that shares will trade materially higher in 2031.</p><p><blockquote>普拉格能源公司（PLUG）活跃于高增长行业，只要公司能够实现其目标并且管理层执行良好，这就意味着强劲的长期业务增长前景。然而，该公司尚未盈利，实现有意义的净利润的道路仍然存在一些不确定性。从更长远的角度来看，我们可以预计普拉格能源将产生正的净利润，尽管该公司目前的估值相对较高。不过，从风险回报的角度来看，可能有更好的选择，尽管我相信2031年股价将大幅走高。</blockquote></p><p> <b>Plug Power Stock Price</b></p><p><blockquote><b>普拉格能源股价</b></blockquote></p><p> Plug Power, Inc. has seen its share price move up and down violently over the last year:</p><p><blockquote>去年，普拉格能源公司的股价剧烈上下波动：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d940297249151eddcccf6440d20ef031\" tg-width=\"635\" tg-height=\"417\" 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> Shares trade 130% higher than 12 months ago, but at the same time, shares trade at just one-third of the all-time high today. In early 2021, shares exploded upwards at a time when other renewable/new energy and related stocks, including EV plays, benefited from massive investor enthusiasm. Since then, enthusiasm seems to have cooled, and shares have reverted back to the $20s. At current prices, Plug Power, Inc. is valued at $16 billion based on a diluted share count of a little less than 600 million. Analysts are pretty bullish on the stock right now, as the consensus price target of $41 implies an upside potential of around 50% from current prices throughout the next year. It should be noted, however, that the analyst consensus price target has been lowered in recent months, and may continue to be lowered going forward. Due to non-existent profits PLUG can't be valued on an earnings basis, but shares trade for around 30x this year's revenue, which is quite expensive.</p><p><blockquote>股价比12个月前上涨了130%，但与此同时，股价仅为今天历史高点的三分之一。2021年初，其他可再生能源/新能源及相关股票（包括电动汽车）受益于投资者的巨大热情，股价大幅上涨。此后，热情似乎有所降温，股价又回到了20多美元。按目前价格计算，普拉格能源公司的估值为160亿美元，稀释后的股票数量略低于6亿股。分析师目前非常看好该股，因为41美元的一致目标价意味着明年较当前价格有50%左右的上涨潜力。但值得注意的是，近几个月来分析师一致的目标价已被下调，并且未来可能会继续下调。由于不存在利润，PLUG无法以盈利为基础进行估值，但股价约为今年收入的30倍，这相当昂贵。</blockquote></p><p> <b>Plug Power Stock Prediction</b></p><p><blockquote><b>普拉格能源股票预测</b></blockquote></p><p> Plug Power, Inc. is active in an absolute growth industry, as hydrogen fuel cells will see huge demand growth in coming years as they allow for an environmentally friendly alternative to other fuels. Plug Power, as a turnkey provider in a market leadership position for this technology, is well-positioned to capitalize on this megatrend. Through a network of global partnerships, including with Brookfield Renewable Partners (BEP), Plug Power is working on growing the green hydrogen industryglobally:</p><p><blockquote>普拉格能源公司活跃在一个绝对增长的行业，因为氢燃料电池将在未来几年看到巨大的需求增长，因为它们允许作为其他燃料的环保替代品。普拉格能源作为该技术市场领先地位的交钥匙供应商，完全有能力利用这一大趋势。通过包括Brookfield Renewable Partners(BEP)在内的全球合作伙伴网络，普拉格能源正在致力于在全球范围内发展绿色氢产业：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/91a8e3b57882e429c9eace431bd1f541\" tg-width=\"640\" tg-height=\"350\" width=\"100%\" height=\"auto\"><span>Source: Plug Power presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：普拉格能源演示</span></p></blockquote></p><p> Plug Power's green hydrogen can be used for powering trucks, busses, and other vehicles, while the company is also providing environmentally friendly alternatives to diesel generators in the megawatt scale range that can be used by utilities, for example. The company is, on top of that, also working on other ventures that are not ready to be commercialized yet, such as powering aircraft with hydrogen. Plug Power will have at least 5 hydrogen plants running in the US in 2024, i.e. three years from now, with more projects being in the pipeline both in the US and in overseas markets such as Europe.</p><p><blockquote>普拉格能源的绿色氢可用于为卡车、公共汽车和其他车辆提供动力，同时该公司还为公用事业公司使用的兆瓦级柴油发电机提供环保替代品。除此之外，该公司还致力于其他尚未准备好商业化的项目，例如用氢气为飞机提供动力。到2024年，即三年后，普拉格能源将在美国至少有5座制氢工厂投入运营，美国和欧洲等海外市场还有更多项目正在酝酿中。</blockquote></p><p> 80% of Plug Power's customers are what the company calls blue chip customers, which includes companies such as Amazon (AMZN). These companies are oftentimes highly inclined to improve their CO2 footprint in order to receive better ESG ratings, and at the same time, these are low-risk customers as their strong balance sheets and cash flows mean that the risk of liquidity or solvency issues is negligible. Overall, Plug Power thus works with attractive counterparts, and their financial firepower means that Plug Power is not forced to sell its products at bargain prices, which is why the company has been able to generate relatively attractive product gross margins in the 30s in recent quarters.</p><p><blockquote>普拉格能源80%的客户是该公司的评级蓝筹客户，其中包括亚马逊（AMZN）等公司。这些公司通常非常倾向于改善其二氧化碳足迹，以获得更好的ESG评级，同时，这些公司是低风险客户，因为其强劲的资产负债表和现金流意味着流动性或偿付能力问题的风险可以忽略不计。总体而言，普拉格能源因此与有吸引力的同行合作，他们的财务火力意味着普拉格能源不会被迫以便宜的价格出售其产品，这就是为什么该公司最近几个季度能够产生相对有吸引力的产品毛利率在30年代。</blockquote></p><p></p><p> Due to the still relatively small scale of the company, Plug Power is not profitable on a net basis or operating basis, however. The company's operating expenses, relative to the revenues that Plug Power generates, are still too high for now. This should, however, change over time, as operating leverage and improving product margins should allow Plug Power to grow gross profits relative to operating expenses, which will result in improving profitability. Analysts are currently predicting positive net profits for fiscal 2024, or three years from now. It would, of course, be better if Plug Power had hit that point already, but for long-term oriented investors, two more years of negative profits will not be a disaster.</p><p><blockquote>然而，由于公司规模仍然相对较小，普拉格能源在净利润或运营基础上均未盈利。相对于普拉格能源产生的收入，该公司的运营费用目前仍然过高。然而，这种情况应该会随着时间的推移而改变，因为运营杠杆和产品利润率的提高应该会使普拉格能源的毛利润相对于运营费用增长，从而提高盈利能力。分析师目前预测2024财年（即三年后）净利润为正。当然，如果普拉格能源已经达到了这一点，那就更好了，但对于注重长期的投资者来说，再有两年的负利润并不是一场灾难。</blockquote></p><p> When investing in a company such as Plug Power, the very near term is not too relevant, but what matters more is the longer-term potential of the company to grow its revenue and profits. Through the combination of ESG tailwinds, massive market growth, and its market leadership position, Plug Power seems to be well-positioned to grow its revenue for many years to come:</p><p><blockquote>在投资普拉格能源这样的公司时，短期并不太重要，但更重要的是公司收入和利润增长的长期潜力。通过ESG顺风、大规模市场增长及其市场领导地位的结合，普拉格能源似乎处于有利地位，可以在未来许多年增加收入：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4d6f0576ba51f219d85b18d90ccaf6f4\" tg-width=\"640\" tg-height=\"628\" width=\"100%\" height=\"auto\"><span>Source:Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：寻求阿尔法</span></p></blockquote></p><p> Analysts are currently predicting that revenues will grow at 50%+ a year over the next three years, while growth is forecasted to remain almost 30% through at least 2030, which equates to a highly attractive long-term growth outlook. There are, of course, no guarantees that this will indeed happen, as some risks to the business model remain. The company is not profitable yet, thus funding of future growth projects could theoretically become a problem. On top of that, it is possible that other players with deep pockets will try to disrupt the market or gain market share. The risk of that is, I believe, due to Plug Power's leadership position, not very large. But should the market become more competitive, non-profitable Plug Power might run into problems if it were to run into market share fights that could pressure margins.</p><p><blockquote>分析师目前预测，未来三年收入将以每年50%以上的速度增长，而至少到2030年，增长率预计将保持近30%，这相当于极具吸引力的长期增长前景。当然，不能保证这种情况确实会发生，因为商业模式的一些风险仍然存在。该公司尚未盈利，因此未来增长项目的资金理论上可能会成为一个问题。最重要的是，其他财力雄厚的参与者可能会试图扰乱市场或获得市场份额。我相信，由于普拉格能源的领导地位，这种风险并不是很大。但如果市场竞争变得更加激烈，非盈利的普拉格能源如果遭遇市场份额争夺战，可能会给利润率带来压力，可能会遇到问题。</blockquote></p><p> Some execution risks do thus remain for sure, and investors shouldn't see the above growth projections as crystal-clear forecasts that are infallible. Instead, however, the above predictions showcase what a base-case scenario could look like, and actual results might be better or worse than that. Overall, it can be said that the longer-term outlook for Plug Power's business is excellent, as the company should be able to grow at an attractive pace for many years to come, as investors, companies, and consumers put more and more emphasis on a smaller carbon footprint. Obvious growth prospects for an industry do not, however, automatically translate into share price gains. Those that bought shares of Cisco (CSCO) at the highs during the dot.com bubble, for example, are still in the red today, 22 years later, despite the massive growth the business has experienced in that time frame. Valuations should be considered as well, and Plug Power is far from cheap today.</p><p><blockquote>因此，一些执行风险确实仍然存在，投资者不应将上述增长预测视为绝对可靠的清晰预测。然而，相反，上述预测展示了基本情况可能是什么样子，实际结果可能比这更好或更差。总体而言，可以说普拉格能源业务的长期前景非常好，因为随着投资者、公司和消费者越来越重视更小的碳足迹，该公司应该能够在未来许多年以有吸引力的速度增长。然而，一个行业明显的增长前景并不会自动转化为股价上涨。例如，那些在互联网泡沫期间高位购买思科(CSCO)股票的公司，尽管该业务在此期间经历了巨大增长，但22年后的今天仍然处于亏损状态。估值也应该考虑，普拉格能源今天的价格远非便宜。</blockquote></p><p> <b>Plug Power Stock Forecast For 2030</b></p><p><blockquote><b>2030年普拉格能源股票预测</b></blockquote></p><p> Today, Plug Power is trading for around 32x this year's expected revenue. If that was an earnings multiple, the stock still wouldn't be especially cheap, relative to how the average company is valued. At more than 30x sales, shares do seem very expensive. When we consider PLUG's growth outlook over the coming decade, that is relativized to some degree, but I believe that shares are still trading above fair value.</p><p><blockquote>如今，普拉格能源的股价约为今年预期收入的32倍。如果这是市盈率，相对于公司的平均估值，该股仍然不会特别便宜。以超过30倍的销售额计算，股价确实看起来非常昂贵。当我们考虑PLUG未来十年的增长前景时，这在某种程度上是相对的，但我相信股价仍高于公允价值。</blockquote></p><p> If the analyst consensus estimate for 2030's revenues is correct, at $10.5 billion, then shares are trading at around 1.5x 2030's revenue right now. Many industrial names are trading for 1x to 2x this year's revenue right now, which indicates how much future growth is priced into PLUG's stock already. One can, of course, argue that PLUG's growth outlook in 2030 is likely still better than that of the average company today, as it seems very much possible for PLUG to grow at a double-digit rate well beyond 2030. But still, shares upside for PLUG's shares is not too great over the coming decade, I believe.</p><p><blockquote>如果分析师对2030年收入的一致估计是正确的，为105亿美元，那么目前股价的交易价格约为2030年收入的1.5倍。许多工业公司目前的交易价格是今年收入的1至2倍，这表明PLUG的股票已经反映了未来的增长。当然，人们可以说，PLUG在2030年的增长前景可能仍好于当今的普通公司，因为PLUG很有可能在2030年之后以两位数的速度增长。但我相信，PLUG股价在未来十年的上涨空间不会太大。</blockquote></p><p></p><p> If PLUG were to trade at a still relatively steep 3.5x revenue in 2030, this gets us to a market cap estimate of around $37billion, or roughly 2.3x as much as today. PLUG's share count will, however, not stay unchanged over the next decade, which is why returns on a per-share basis will be lower than that. If we assume that the share count climbs by just 2% a year, 2030's share count will stand at a little above 700 million. At a $37 billion market capitalization, each individual stock would then trade at around $53, which would mean a return of ~100% from today. On an annual basis, this would equate to returns of 8%. 8% annual returns are far from bad, but many things have to go right for that to happen -- PLUG has to execute well, deliver on growth projects, and avoid massive share issuance. When we also consider that this estimate requires a still rather high 3.5x sales multiple in 2030, then those returns are not great enough to warrant a buy rating, I believe. It would be different of 8% returns could come from a very de-risked blue chip with very low uncertainties, but that is not the case here. For reference, if PLUG executes well and hits growth estimates, but its shares trade for 2.5x sales in 2030, then the share price, assuming 2% annual dilution, would be $37, which would equate to just 4% annual returns. PLUG's share count has risen by around 50% over the last year alone, and even though I don't expect similar dilution in coming years, it is at least possible for PLUG's share count to rise by significantly more than 2% a year, which would pressure returns further.</p><p><blockquote>如果PLUG在2030年的交易收入仍然相对较高的3.5倍，那么我们的市值估计约为370亿美元，大约是今天的2.3倍。然而，PLUG的股票数量在未来十年不会保持不变，这就是为什么每股回报率将低于这一数字。如果我们假设股票数量每年仅增长2%，那么2030年的股票数量将略高于7亿股。在370亿美元的市值下，每只股票的交易价格约为53美元，这意味着从今天起的回报率约为100%。按年计算，这相当于8%的回报率。8%的年回报率远非坏事，但要实现这一目标，许多事情必须顺利进行——PLUG必须执行良好，交付增长项目，并避免大规模股票发行。当我们还考虑到这一估计需要2030年仍然相当高的3.5倍销售倍数时，我相信这些回报还不足以保证买入评级。8%的回报可能来自风险非常低、不确定性非常低的蓝筹股，但这里的情况并非如此。作为参考，如果PLUG执行良好并达到增长预期，但其股价在2030年的交易价格为销售额的2.5倍，那么假设年稀释2%，股价将为37美元，这相当于年回报率仅为4%。仅去年一年，PLUG的股票数量就增加了约50%，尽管我预计未来几年不会出现类似的稀释，但PLUG的股票数量至少有可能每年大幅增加2%以上，这将进一步给回报带来压力。</blockquote></p><p> Overall, I do not believe that investors will lose money with PLUG over the next decade or more. But I also do not believe that investors will see very attractive returns in that time frame, despite the fact that Plug Power's underlying business growth outlook is highly attractive. Shares are pricing in a lot of future growth already, and I believe that returns in the sub-10% range can also be generated through lower-risk investments, with less volatile stocks.</p><p><blockquote>总体而言，我不认为投资者在未来十年或更长时间内会因PLUG而亏损。但我也不相信投资者会在这段时间内看到非常有吸引力的回报，尽管普拉格能源的基本业务增长前景非常有吸引力。股票已经反映了未来的大量增长，我相信通过风险较低、股票波动性较小的投资也可以产生低于10%的回报。</blockquote></p><p> <b>Conclusion: Where Could Plug Power Be In 10 Years?</b></p><p><blockquote><b>结论：10年后普拉格能源会在哪里？</b></blockquote></p><p> One can't know that today, but we can make educated guesses. According to may scenarios laid out above, PLUG could trade at $37-$55 in 2030, factoring in another year of growth, we could end up at $40-$60 in 2031, I believe -- if many things go right. In case there are major hiccups with growth projects, or if the share count rises more than expected, these estimates may be too high.</p><p><blockquote>今天人们无法知道这一点，但我们可以做出有根据的猜测。根据上面列出的5月份情景，PLUG在2030年的交易价格可能为37-55美元，考虑到又一年的增长，我相信，如果很多事情进展顺利，我们在2031年的交易价格可能会达到40-60美元。如果增长项目出现重大问题，或者股票数量增长超过预期，这些估计可能会过高。</blockquote></p><p> Overall, I believe that there is considerable long-term upside potential for PLUG's shares, but expected returns in the mid-to-high-single digits range are not gigantic, and the same returns can be generated through more mature, less volatile investments with fewer uncertainties and less execution risk. I thus do think that PLUG is not a buy right here, even though I like the company's growth prospects and its position in an attractive industry.</p><p><blockquote>总体而言，我认为PLUG的股票有相当大的长期上涨潜力，但中高个位数范围的预期回报并不巨大，通过更成熟、波动性更小的投资可以产生相同的回报，不确定性更少，执行风险更小。因此，我确实认为PLUG在这里不值得买入，尽管我喜欢该公司的增长前景及其在有吸引力的行业中的地位。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4449266-plug-power-stock-in-10-years\">seekingalpha</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/4449266-plug-power-stock-in-10-years","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133270372","content_text":"Summary\n\nPlug Power is active in an attractive industry with huge growth tailwinds.\nIt serves low-risk customers and has a strong position in its industry.\nShares are pricing in a lot of future growth, and investors should consider what actual per-share returns might look like before deploying money at current valuations.\n\nFokusiert/iStock via Getty Images\nArticle Thesis\nPlug Power, Inc. (PLUG) is active in a high-growth industry, which translates into a strong long-term business growth outlook, as long as the company can capitalize on its goals and management executes well. The company is, however, not profitable yet, and the path to meaningful net profits holds some uncertainties still. Taking a longer-term view, we can expect that Plug Power will generate positive net profits despite the fact that shares are valuing the company at a relatively high current valuation. From a risk-reward standpoint, there may be better picks available, though, despite the fact that I believe that shares will trade materially higher in 2031.\nPlug Power Stock Price\nPlug Power, Inc. has seen its share price move up and down violently over the last year:\nData by YCharts\nShares trade 130% higher than 12 months ago, but at the same time, shares trade at just one-third of the all-time high today. In early 2021, shares exploded upwards at a time when other renewable/new energy and related stocks, including EV plays, benefited from massive investor enthusiasm. Since then, enthusiasm seems to have cooled, and shares have reverted back to the $20s. At current prices, Plug Power, Inc. is valued at $16 billion based on a diluted share count of a little less than 600 million. Analysts are pretty bullish on the stock right now, as the consensus price target of $41 implies an upside potential of around 50% from current prices throughout the next year. It should be noted, however, that the analyst consensus price target has been lowered in recent months, and may continue to be lowered going forward. Due to non-existent profits PLUG can't be valued on an earnings basis, but shares trade for around 30x this year's revenue, which is quite expensive.\nPlug Power Stock Prediction\nPlug Power, Inc. is active in an absolute growth industry, as hydrogen fuel cells will see huge demand growth in coming years as they allow for an environmentally friendly alternative to other fuels. Plug Power, as a turnkey provider in a market leadership position for this technology, is well-positioned to capitalize on this megatrend. Through a network of global partnerships, including with Brookfield Renewable Partners (BEP), Plug Power is working on growing the green hydrogen industryglobally:\nSource: Plug Power presentation\nPlug Power's green hydrogen can be used for powering trucks, busses, and other vehicles, while the company is also providing environmentally friendly alternatives to diesel generators in the megawatt scale range that can be used by utilities, for example. The company is, on top of that, also working on other ventures that are not ready to be commercialized yet, such as powering aircraft with hydrogen. Plug Power will have at least 5 hydrogen plants running in the US in 2024, i.e. three years from now, with more projects being in the pipeline both in the US and in overseas markets such as Europe.\n80% of Plug Power's customers are what the company calls blue chip customers, which includes companies such as Amazon (AMZN). These companies are oftentimes highly inclined to improve their CO2 footprint in order to receive better ESG ratings, and at the same time, these are low-risk customers as their strong balance sheets and cash flows mean that the risk of liquidity or solvency issues is negligible. Overall, Plug Power thus works with attractive counterparts, and their financial firepower means that Plug Power is not forced to sell its products at bargain prices, which is why the company has been able to generate relatively attractive product gross margins in the 30s in recent quarters.\nDue to the still relatively small scale of the company, Plug Power is not profitable on a net basis or operating basis, however. The company's operating expenses, relative to the revenues that Plug Power generates, are still too high for now. This should, however, change over time, as operating leverage and improving product margins should allow Plug Power to grow gross profits relative to operating expenses, which will result in improving profitability. Analysts are currently predicting positive net profits for fiscal 2024, or three years from now. It would, of course, be better if Plug Power had hit that point already, but for long-term oriented investors, two more years of negative profits will not be a disaster.\nWhen investing in a company such as Plug Power, the very near term is not too relevant, but what matters more is the longer-term potential of the company to grow its revenue and profits. Through the combination of ESG tailwinds, massive market growth, and its market leadership position, Plug Power seems to be well-positioned to grow its revenue for many years to come:\nSource:Seeking Alpha\nAnalysts are currently predicting that revenues will grow at 50%+ a year over the next three years, while growth is forecasted to remain almost 30% through at least 2030, which equates to a highly attractive long-term growth outlook. There are, of course, no guarantees that this will indeed happen, as some risks to the business model remain. The company is not profitable yet, thus funding of future growth projects could theoretically become a problem. On top of that, it is possible that other players with deep pockets will try to disrupt the market or gain market share. The risk of that is, I believe, due to Plug Power's leadership position, not very large. But should the market become more competitive, non-profitable Plug Power might run into problems if it were to run into market share fights that could pressure margins.\nSome execution risks do thus remain for sure, and investors shouldn't see the above growth projections as crystal-clear forecasts that are infallible. Instead, however, the above predictions showcase what a base-case scenario could look like, and actual results might be better or worse than that. Overall, it can be said that the longer-term outlook for Plug Power's business is excellent, as the company should be able to grow at an attractive pace for many years to come, as investors, companies, and consumers put more and more emphasis on a smaller carbon footprint. Obvious growth prospects for an industry do not, however, automatically translate into share price gains. Those that bought shares of Cisco (CSCO) at the highs during the dot.com bubble, for example, are still in the red today, 22 years later, despite the massive growth the business has experienced in that time frame. Valuations should be considered as well, and Plug Power is far from cheap today.\nPlug Power Stock Forecast For 2030\nToday, Plug Power is trading for around 32x this year's expected revenue. If that was an earnings multiple, the stock still wouldn't be especially cheap, relative to how the average company is valued. At more than 30x sales, shares do seem very expensive. When we consider PLUG's growth outlook over the coming decade, that is relativized to some degree, but I believe that shares are still trading above fair value.\nIf the analyst consensus estimate for 2030's revenues is correct, at $10.5 billion, then shares are trading at around 1.5x 2030's revenue right now. Many industrial names are trading for 1x to 2x this year's revenue right now, which indicates how much future growth is priced into PLUG's stock already. One can, of course, argue that PLUG's growth outlook in 2030 is likely still better than that of the average company today, as it seems very much possible for PLUG to grow at a double-digit rate well beyond 2030. But still, shares upside for PLUG's shares is not too great over the coming decade, I believe.\nIf PLUG were to trade at a still relatively steep 3.5x revenue in 2030, this gets us to a market cap estimate of around $37billion, or roughly 2.3x as much as today. PLUG's share count will, however, not stay unchanged over the next decade, which is why returns on a per-share basis will be lower than that. If we assume that the share count climbs by just 2% a year, 2030's share count will stand at a little above 700 million. At a $37 billion market capitalization, each individual stock would then trade at around $53, which would mean a return of ~100% from today. On an annual basis, this would equate to returns of 8%. 8% annual returns are far from bad, but many things have to go right for that to happen -- PLUG has to execute well, deliver on growth projects, and avoid massive share issuance. When we also consider that this estimate requires a still rather high 3.5x sales multiple in 2030, then those returns are not great enough to warrant a buy rating, I believe. It would be different of 8% returns could come from a very de-risked blue chip with very low uncertainties, but that is not the case here. For reference, if PLUG executes well and hits growth estimates, but its shares trade for 2.5x sales in 2030, then the share price, assuming 2% annual dilution, would be $37, which would equate to just 4% annual returns. PLUG's share count has risen by around 50% over the last year alone, and even though I don't expect similar dilution in coming years, it is at least possible for PLUG's share count to rise by significantly more than 2% a year, which would pressure returns further.\nOverall, I do not believe that investors will lose money with PLUG over the next decade or more. But I also do not believe that investors will see very attractive returns in that time frame, despite the fact that Plug Power's underlying business growth outlook is highly attractive. Shares are pricing in a lot of future growth already, and I believe that returns in the sub-10% range can also be generated through lower-risk investments, with less volatile stocks.\nConclusion: Where Could Plug Power Be In 10 Years?\nOne can't know that today, but we can make educated guesses. According to may scenarios laid out above, PLUG could trade at $37-$55 in 2030, factoring in another year of growth, we could end up at $40-$60 in 2031, I believe -- if many things go right. In case there are major hiccups with growth projects, or if the share count rises more than expected, these estimates may be too high.\nOverall, I believe that there is considerable long-term upside potential for PLUG's shares, but expected returns in the mid-to-high-single digits range are not gigantic, and the same returns can be generated through more mature, less volatile investments with fewer uncertainties and less execution risk. I thus do think that PLUG is not a buy right here, even though I like the company's growth prospects and its position in an attractive industry.","news_type":1,"symbols_score_info":{"PLUG":0.9}},"isVote":1,"tweetType":1,"viewCount":2478,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":897820635,"gmtCreate":1628906647827,"gmtModify":1631891651466,"author":{"id":"3581490701663973","authorId":"3581490701663973","name":"PriceInvest","avatar":"https://static.tigerbbs.com/b136e732ddb8c13bbb2656750a3f72a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581490701663973","authorIdStr":"3581490701663973"},"themes":[],"htmlText":"[鬼脸]&nbsp;[鬼脸]&nbsp;[鬼脸]&nbsp;[鬼脸]&nbsp;[鬼脸]&nbsp;[鬼脸]&nbsp;","listText":"[鬼脸]&nbsp;[鬼脸]&nbsp;[鬼脸]&nbsp;[鬼脸]&nbsp;[鬼脸]&nbsp;[鬼脸]&nbsp;","text":"[鬼脸] [鬼脸] [鬼脸] [鬼脸] [鬼脸] [鬼脸]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/897820635","repostId":"1196685545","repostType":4,"isVote":1,"tweetType":1,"viewCount":3539,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":895829892,"gmtCreate":1628734218116,"gmtModify":1631891651471,"author":{"id":"3581490701663973","authorId":"3581490701663973","name":"PriceInvest","avatar":"https://static.tigerbbs.com/b136e732ddb8c13bbb2656750a3f72a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581490701663973","authorIdStr":"3581490701663973"},"themes":[],"htmlText":"[呆住]&nbsp;[呆住]&nbsp;[呆住]&nbsp;[呆住]&nbsp;[呆住]&nbsp;[呆住]&nbsp;","listText":"[呆住]&nbsp;[呆住]&nbsp;[呆住]&nbsp;[呆住]&nbsp;[呆住]&nbsp;[呆住]&nbsp;","text":"[呆住] [呆住] [呆住] [呆住] [呆住] [呆住]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/895829892","repostId":"1146833505","repostType":4,"isVote":1,"tweetType":1,"viewCount":3621,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":898378722,"gmtCreate":1628475777266,"gmtModify":1631891651473,"author":{"id":"3581490701663973","authorId":"3581490701663973","name":"PriceInvest","avatar":"https://static.tigerbbs.com/b136e732ddb8c13bbb2656750a3f72a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581490701663973","authorIdStr":"3581490701663973"},"themes":[],"htmlText":"[呆住]&nbsp;[呆住]&nbsp;[呆住]&nbsp;[呆住]&nbsp;[呆住]&nbsp;","listText":"[呆住]&nbsp;[呆住]&nbsp;[呆住]&nbsp;[呆住]&nbsp;[呆住]&nbsp;","text":"[呆住] [呆住] [呆住] [呆住] [呆住]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/898378722","repostId":"1190698252","repostType":4,"isVote":1,"tweetType":1,"viewCount":3709,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":891584854,"gmtCreate":1628400355778,"gmtModify":1631891651475,"author":{"id":"3581490701663973","authorId":"3581490701663973","name":"PriceInvest","avatar":"https://static.tigerbbs.com/b136e732ddb8c13bbb2656750a3f72a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581490701663973","authorIdStr":"3581490701663973"},"themes":[],"htmlText":"[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;","listText":"[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;","text":"[得意] [得意] [得意] [得意] [得意]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/891584854","repostId":"1180529438","repostType":4,"repost":{"id":"1180529438","kind":"news","pubTimestamp":1628386129,"share":"https://www.laohu8.com/m/news/1180529438?lang=zh_CN&edition=full","pubTime":"2021-08-08 09:28","market":"us","language":"en","title":"SEC Moves First DeFi Unregistered Securities Lawsuit<blockquote>SEC提起首起DeFi未注册证券诉讼</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1180529438","media":"Benzinga","summary":"The United States Securities and Exchange Commission  sued the organization responsible for the development of a decentralized finance  protocol over activities involved with the project for the first time.What Happened: According to a Friday SEC announcement, the agency has sued Cayman Islands-based Blockchain Credit Partners and two of its top executives over allegedly selling unregistered securities through its DeFi Money Market platform from February 2020 to February 2021. The firm purported","content":"<p><div> The United States Securities and Exchange Commission (SEC) sued the organization responsible for the development of a decentralized finance (DeFi) protocol over activities involved with the project ...</p><p><blockquote><div>美国证券交易委员会（SEC）就该项目涉及的活动起诉了负责开发分散金融（DeFi）协议的组织...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/markets/cryptocurrency/21/08/22378359/sec-moves-first-defi-unregistered-securities-lawsuit\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/markets/cryptocurrency/21/08/22378359/sec-moves-first-defi-unregistered-securities-lawsuit\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","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>SEC Moves First DeFi Unregistered Securities Lawsuit<blockquote>SEC提起首起DeFi未注册证券诉讼</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\">\nSEC Moves First DeFi Unregistered Securities Lawsuit<blockquote>SEC提起首起DeFi未注册证券诉讼</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-08-08 09:28</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> The United States Securities and Exchange Commission (SEC) sued the organization responsible for the development of a decentralized finance (DeFi) protocol over activities involved with the project ...</p><p><blockquote><div>美国证券交易委员会（SEC）就该项目涉及的活动起诉了负责开发分散金融（DeFi）协议的组织...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/markets/cryptocurrency/21/08/22378359/sec-moves-first-defi-unregistered-securities-lawsuit\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/markets/cryptocurrency/21/08/22378359/sec-moves-first-defi-unregistered-securities-lawsuit\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/markets/cryptocurrency/21/08/22378359/sec-moves-first-defi-unregistered-securities-lawsuit\">Benzinga</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":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.benzinga.com/markets/cryptocurrency/21/08/22378359/sec-moves-first-defi-unregistered-securities-lawsuit","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180529438","content_text":"The United States Securities and Exchange Commission (SEC) sued the organization responsible for the development of a decentralized finance (DeFi) protocol over activities involved with the project for the first time.\nWhat Happened: According to a Friday SEC announcement, the agency has sued Cayman Islands-based Blockchain Credit Partners and two of its top executives over allegedly selling unregistered securities through its DeFi Money Market platform from February 2020 to February 2021. The firm purportedly sold over $30 million worth of two types of tokens that the SEC deemed to be securities that should have been registered as such.\nThe SEC notes that Blockchain Credit Partners founders Gregory Keough and Derek Acree will have to pay fines of $125,000 while the company itself also agreed to pay $12.8 million in disgorgement. The settlement does not indicate an admition or denial the accusations.\nNew Game, Old Rules?\nSEC Enforcement Director Gurbir Grewal explained that \"full and honest disclosure remains the cornerstone of our securities laws — no matter what technologies are used to offer and sell those securities.\" This comment makes it very clear that slapping the DeFi label on a project and hoping to avoid regulation this way works no better than calling it a \"utility token\" prevented falling under the SEC's scrutiny during 2017's initial coin offering craze.\nThe SEC is trying to send the clear rule that the new kind of financial organizations that operate on blockchains have to still play by the old rules that govern traditional finance. At the same time, market onlookers are not sure if the regulator is actually right.\nIn a way, it is a tour de force where the regulator wins every time it has a way to take enforcement action, but these new organizations potentially have a very real way to make enforcement impossible — or at the very least impractical. The only protection against enforcement by the SEC and other regulators is decentralization and the only reason why the SEC was able to act in this case is that a centralized organization such as Blockchain Credit Partners exists.\nWhat's Next:If no company exists and all that there is to a DeFi protocol is a set of smart contracts deployed on a blockchain by a group of anonymous developers scattered around the world there is very little that the SEC can do short of attacking the blockchain itself. This is where the decentralization of the underlying blockchain comes into play: will the regulators for instance be able to force Ethereum's (CRYPTO: ETH) core development team to write an update stopping such a project?\nIf the regulators would actually be able to force the blockchain's developers to write such an update, would node operators and miners or stakers adopt this software or would they refuse to? Such situations will be the real test of the decentralization and reliability of any blockchain that many are waiting to happen. Regulators are seeing power slipping away between their fingers like sand, and they are going to try to grab it.","news_type":1,"symbols_score_info":{"COIN":0.9}},"isVote":1,"tweetType":1,"viewCount":1955,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":891008679,"gmtCreate":1628304365891,"gmtModify":1631891651481,"author":{"id":"3581490701663973","authorId":"3581490701663973","name":"PriceInvest","avatar":"https://static.tigerbbs.com/b136e732ddb8c13bbb2656750a3f72a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581490701663973","authorIdStr":"3581490701663973"},"themes":[],"htmlText":"Welcomento tiger","listText":"Welcomento tiger","text":"Welcomento tiger","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/891008679","repostId":"1119792130","repostType":4,"isVote":1,"tweetType":1,"viewCount":921,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899467374,"gmtCreate":1628211412098,"gmtModify":1631891651486,"author":{"id":"3581490701663973","authorId":"3581490701663973","name":"PriceInvest","avatar":"https://static.tigerbbs.com/b136e732ddb8c13bbb2656750a3f72a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581490701663973","authorIdStr":"3581490701663973"},"themes":[],"htmlText":"Please like my comments[得意]&nbsp;","listText":"Please like my comments[得意]&nbsp;","text":"Please like my comments[得意]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/899467374","repostId":"2157456017","repostType":4,"isVote":1,"tweetType":1,"viewCount":1826,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":805146417,"gmtCreate":1627867333739,"gmtModify":1631891651485,"author":{"id":"3581490701663973","authorId":"3581490701663973","name":"PriceInvest","avatar":"https://static.tigerbbs.com/b136e732ddb8c13bbb2656750a3f72a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581490701663973","authorIdStr":"3581490701663973"},"themes":[],"htmlText":"Good[鬼脸]&nbsp;[鬼脸]&nbsp;[鬼脸]&nbsp;","listText":"Good[鬼脸]&nbsp;[鬼脸]&nbsp;[鬼脸]&nbsp;","text":"Good[鬼脸] [鬼脸] [鬼脸]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/805146417","repostId":"1127731627","repostType":4,"repost":{"id":"1127731627","kind":"news","pubTimestamp":1627866487,"share":"https://www.laohu8.com/m/news/1127731627?lang=zh_CN&edition=full","pubTime":"2021-08-02 09:08","market":"us","language":"en","title":"Uber and Deliveroo to offer cheap cab rides and meals as incentives to get Covid jab<blockquote>优步和户户送将提供廉价出租车和餐饮服务，作为接种新冠疫苗的激励措施</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1127731627","media":"LBC News","summary":"Discounted rides and meals will be offered by taxi-hailing and food delivery companies to help boost","content":"<p>Discounted rides and meals will be offered by taxi-hailing and food delivery companies to help boost uptake of the Covid-19 jab.</p><p><blockquote>打车和送餐公司将提供打折乘车和餐饮，以帮助提高新冠肺炎疫苗的普及率。</blockquote></p><p> <a href=\"https://laohu8.com/S/UBER\">Uber</a>, Bolt, <a href=\"https://laohu8.com/S/ROO.UK\">DELIVEROO HOLDINGS PLC</a> and Pizza Pilgrims are among the brands that will be offering incentives to younger people to encourage them to get vaccinated, the Government announced.</p><p><blockquote><a href=\"https://laohu8.com/S/UBER\">优步</a>,螺栓,<a href=\"https://laohu8.com/S/ROO.UK\">户户送控股有限公司</a>政府宣布，Pizza Pilgrims是将向年轻人提供激励措施以鼓励他们接种疫苗的品牌之一。</blockquote></p><p> The Department of Health and Social Care (DHSC) said Uber will be sending reminders to all users in August encouraging them to get jabbed.</p><p><blockquote>DHSC卫生和社会福利部表示，优步将在8月份向所有用户发送提醒，鼓励他们接受注射。</blockquote></p><p> The company will offer discounted rides and meals on its Uber Eats platform for young adults who receive a vaccine.</p><p><blockquote>该公司将在其Uber Eats优食平台上为接种疫苗的年轻人提供打折乘车和餐饮服务。</blockquote></p><p> Uber has previously offered free trips to vaccination centres for NHS staff.</p><p><blockquote>优步此前曾为NHS工作人员提供免费前往疫苗接种中心的服务。</blockquote></p><p> Bolt, another ride-hailing app, will offer \"free ride credit\" to vaccination centres following a similar scheme earlier this year when it offered £250,000 worth of free rides to London vaccination facilities.</p><p><blockquote>另一款叫车应用Bolt将向疫苗接种中心提供“免费乘车积分”，继今年早些时候推出类似计划后，该公司向伦敦疫苗接种设施提供价值25万英镑的免费乘车服务。</blockquote></p><p> Deliveroo will give vouchers to young people who get jabbed, and a spokesperson said: \"At Deliveroo we want to do our small part to support the NHS during the pandemic, including delivering a million free meals to frontline NHS staff and vaccine centres. This is the next step in helping people get vaccinated and safely back to normal.\"</p><p><blockquote>户户送将向被刺伤的年轻人发放代金券，一位发言人表示：“在户户送，我们希望在大流行期间尽自己的一份力量支持NHS，包括向一线NHS工作人员和疫苗中心提供100万份免费餐食。这是帮助人们接种疫苗并安全恢复正常的下一步。”</blockquote></p><p> DHSC said further details on partnerships will be released \"in due course\" and other incentives \"could include vouchers or discount codes for people attending pop-up vaccine sites and booking though the NHS, social media competitions and promotional offers for restaurants\".</p><p><blockquote>DHSC表示，有关合作伙伴关系的更多细节将“在适当的时候”公布，其他激励措施“可能包括为参加弹出式疫苗网站和通过NHS预订的人提供优惠券或折扣代码、社交媒体竞赛和餐馆促销优惠”。</blockquote></p><p> The department added: \"Companies will not ask for or hold any health data for the incentive scheme.\"</p><p><blockquote>该部门补充说：“公司不会为激励计划要求或持有任何健康数据。”</blockquote></p><p> Government data up to July 29 shows that of the 84,737,932 Covid-19 jabs given in the UK, 46,775,525 were first doses and 37,962,407 were second doses.</p><p><blockquote>截至7月29日的政府数据显示，在英国接种的84,737，932剂新冠肺炎疫苗中，46,775，525剂是第一剂，37,962，407剂是第二剂。</blockquote></p><p> DHSC said around 67% of people aged 18 to 29 in England have received a first dose.</p><p><blockquote>DHSC表示，英格兰约67%的18至29岁人群已接种第一剂疫苗。</blockquote></p><p> Thanking businesses for \"stepping up\" to support the vaccine drive, Health Secretary Sajid Javid urged people to \"take advantage of the discounts\".</p><p><blockquote>卫生部长萨吉德·贾维德感谢企业“加紧”支持疫苗运动，并敦促人们“利用折扣”。</blockquote></p><p> He added: \"The lifesaving vaccines not only protect you, your loved ones and your community, but they are helping to bring us back together by allowing you to get back to doing the things you've missed.</p><p><blockquote>他补充道：“拯救生命的疫苗不仅可以保护你、你所爱的人和你的社区，还可以让你重新做你错过的事情，从而帮助我们重新走到一起。</blockquote></p><p> Vaccines minister Nadhim Zahawi said there was \"strong enthusiasm\" among young people so far to get vaccinated, adding: \"Please get your jabs as soon as you can and grab a bargain.\"</p><p><blockquote>疫苗部长纳齐姆·扎哈维表示，到目前为止，年轻人对接种疫苗有“强烈的热情”，并补充道：“请尽快接种疫苗，并抢到便宜货。”</blockquote></p><p> The latest initiatives are announced aftera host of further pop-up vaccination hubsopened across England this weekend.</p><p><blockquote>最新举措是在本周末英格兰各地开设更多弹出式疫苗接种中心后宣布的。</blockquote></p><p> Locations include Circus Extreme in Halifax, West Yorkshire, Burnley FC's Turf Moor ground, Goodwood Racecourse near Chichester, and the Summer of Love Festival in west London's Holland Park.</p><p><blockquote>地点包括西约克郡哈利法克斯的极限马戏团、伯恩利足球俱乐部的Turf Moor ground、奇切斯特附近的古德伍德赛马场以及西伦敦荷兰公园的夏季爱情节。</blockquote></p><p> In the east of the capital a four-day vaccine festival is running in Poplar until Monday, with live music and free food.</p><p><blockquote>在首都东部，为期四天的疫苗节将在白杨举行，直到周一，有现场音乐和免费食物。</blockquote></p><p> DHSC said more than 600,000 people were vaccinated last weekend at walk-in clinics ranging from London's Tate Modern Gallery to a Primark in Bristol.</p><p><blockquote>DHSC表示，上周末有超过60万人在从伦敦泰特现代美术馆到布里斯托尔Primark的无预约诊所接种了疫苗。</blockquote></p><p></p>","source":"lsy1627862702248","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>Uber and Deliveroo to offer cheap cab rides and meals as incentives to get Covid jab<blockquote>优步和户户送将提供廉价出租车和餐饮服务，作为接种新冠疫苗的激励措施</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; 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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\">\nUber and Deliveroo to offer cheap cab rides and meals as incentives to get Covid jab<blockquote>优步和户户送将提供廉价出租车和餐饮服务，作为接种新冠疫苗的激励措施</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">LBC News</strong><span class=\"h-time small\">2021-08-02 09:08</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Discounted rides and meals will be offered by taxi-hailing and food delivery companies to help boost uptake of the Covid-19 jab.</p><p><blockquote>打车和送餐公司将提供打折乘车和餐饮，以帮助提高新冠肺炎疫苗的普及率。</blockquote></p><p> <a href=\"https://laohu8.com/S/UBER\">Uber</a>, Bolt, <a href=\"https://laohu8.com/S/ROO.UK\">DELIVEROO HOLDINGS PLC</a> and Pizza Pilgrims are among the brands that will be offering incentives to younger people to encourage them to get vaccinated, the Government announced.</p><p><blockquote><a href=\"https://laohu8.com/S/UBER\">优步</a>,螺栓,<a href=\"https://laohu8.com/S/ROO.UK\">户户送控股有限公司</a>政府宣布，Pizza Pilgrims是将向年轻人提供激励措施以鼓励他们接种疫苗的品牌之一。</blockquote></p><p> The Department of Health and Social Care (DHSC) said Uber will be sending reminders to all users in August encouraging them to get jabbed.</p><p><blockquote>DHSC卫生和社会福利部表示，优步将在8月份向所有用户发送提醒，鼓励他们接受注射。</blockquote></p><p> The company will offer discounted rides and meals on its Uber Eats platform for young adults who receive a vaccine.</p><p><blockquote>该公司将在其Uber Eats优食平台上为接种疫苗的年轻人提供打折乘车和餐饮服务。</blockquote></p><p> Uber has previously offered free trips to vaccination centres for NHS staff.</p><p><blockquote>优步此前曾为NHS工作人员提供免费前往疫苗接种中心的服务。</blockquote></p><p> Bolt, another ride-hailing app, will offer \"free ride credit\" to vaccination centres following a similar scheme earlier this year when it offered £250,000 worth of free rides to London vaccination facilities.</p><p><blockquote>另一款叫车应用Bolt将向疫苗接种中心提供“免费乘车积分”，继今年早些时候推出类似计划后，该公司向伦敦疫苗接种设施提供价值25万英镑的免费乘车服务。</blockquote></p><p> Deliveroo will give vouchers to young people who get jabbed, and a spokesperson said: \"At Deliveroo we want to do our small part to support the NHS during the pandemic, including delivering a million free meals to frontline NHS staff and vaccine centres. This is the next step in helping people get vaccinated and safely back to normal.\"</p><p><blockquote>户户送将向被刺伤的年轻人发放代金券，一位发言人表示：“在户户送，我们希望在大流行期间尽自己的一份力量支持NHS，包括向一线NHS工作人员和疫苗中心提供100万份免费餐食。这是帮助人们接种疫苗并安全恢复正常的下一步。”</blockquote></p><p> DHSC said further details on partnerships will be released \"in due course\" and other incentives \"could include vouchers or discount codes for people attending pop-up vaccine sites and booking though the NHS, social media competitions and promotional offers for restaurants\".</p><p><blockquote>DHSC表示，有关合作伙伴关系的更多细节将“在适当的时候”公布，其他激励措施“可能包括为参加弹出式疫苗网站和通过NHS预订的人提供优惠券或折扣代码、社交媒体竞赛和餐馆促销优惠”。</blockquote></p><p> The department added: \"Companies will not ask for or hold any health data for the incentive scheme.\"</p><p><blockquote>该部门补充说：“公司不会为激励计划要求或持有任何健康数据。”</blockquote></p><p> Government data up to July 29 shows that of the 84,737,932 Covid-19 jabs given in the UK, 46,775,525 were first doses and 37,962,407 were second doses.</p><p><blockquote>截至7月29日的政府数据显示，在英国接种的84,737，932剂新冠肺炎疫苗中，46,775，525剂是第一剂，37,962，407剂是第二剂。</blockquote></p><p> DHSC said around 67% of people aged 18 to 29 in England have received a first dose.</p><p><blockquote>DHSC表示，英格兰约67%的18至29岁人群已接种第一剂疫苗。</blockquote></p><p> Thanking businesses for \"stepping up\" to support the vaccine drive, Health Secretary Sajid Javid urged people to \"take advantage of the discounts\".</p><p><blockquote>卫生部长萨吉德·贾维德感谢企业“加紧”支持疫苗运动，并敦促人们“利用折扣”。</blockquote></p><p> He added: \"The lifesaving vaccines not only protect you, your loved ones and your community, but they are helping to bring us back together by allowing you to get back to doing the things you've missed.</p><p><blockquote>他补充道：“拯救生命的疫苗不仅可以保护你、你所爱的人和你的社区，还可以让你重新做你错过的事情，从而帮助我们重新走到一起。</blockquote></p><p> Vaccines minister Nadhim Zahawi said there was \"strong enthusiasm\" among young people so far to get vaccinated, adding: \"Please get your jabs as soon as you can and grab a bargain.\"</p><p><blockquote>疫苗部长纳齐姆·扎哈维表示，到目前为止，年轻人对接种疫苗有“强烈的热情”，并补充道：“请尽快接种疫苗，并抢到便宜货。”</blockquote></p><p> The latest initiatives are announced aftera host of further pop-up vaccination hubsopened across England this weekend.</p><p><blockquote>最新举措是在本周末英格兰各地开设更多弹出式疫苗接种中心后宣布的。</blockquote></p><p> Locations include Circus Extreme in Halifax, West Yorkshire, Burnley FC's Turf Moor ground, Goodwood Racecourse near Chichester, and the Summer of Love Festival in west London's Holland Park.</p><p><blockquote>地点包括西约克郡哈利法克斯的极限马戏团、伯恩利足球俱乐部的Turf Moor ground、奇切斯特附近的古德伍德赛马场以及西伦敦荷兰公园的夏季爱情节。</blockquote></p><p> In the east of the capital a four-day vaccine festival is running in Poplar until Monday, with live music and free food.</p><p><blockquote>在首都东部，为期四天的疫苗节将在白杨举行，直到周一，有现场音乐和免费食物。</blockquote></p><p> DHSC said more than 600,000 people were vaccinated last weekend at walk-in clinics ranging from London's Tate Modern Gallery to a Primark in Bristol.</p><p><blockquote>DHSC表示，上周末有超过60万人在从伦敦泰特现代美术馆到布里斯托尔Primark的无预约诊所接种了疫苗。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.lbc.co.uk/news/discounted-cab-rides-and-meals-offered-as-incentives-to-get-covid-jab/\">LBC News</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":{"UBER":"优步","ROO.UK":"Deliveroo Holdings PLC"},"source_url":"https://www.lbc.co.uk/news/discounted-cab-rides-and-meals-offered-as-incentives-to-get-covid-jab/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127731627","content_text":"Discounted rides and meals will be offered by taxi-hailing and food delivery companies to help boost uptake of the Covid-19 jab.\nUber, Bolt, DELIVEROO HOLDINGS PLC and Pizza Pilgrims are among the brands that will be offering incentives to younger people to encourage them to get vaccinated, the Government announced.\nThe Department of Health and Social Care (DHSC) said Uber will be sending reminders to all users in August encouraging them to get jabbed.\nThe company will offer discounted rides and meals on its Uber Eats platform for young adults who receive a vaccine.\nUber has previously offered free trips to vaccination centres for NHS staff.\nBolt, another ride-hailing app, will offer \"free ride credit\" to vaccination centres following a similar scheme earlier this year when it offered £250,000 worth of free rides to London vaccination facilities.\nDeliveroo will give vouchers to young people who get jabbed, and a spokesperson said: \"At Deliveroo we want to do our small part to support the NHS during the pandemic, including delivering a million free meals to frontline NHS staff and vaccine centres. This is the next step in helping people get vaccinated and safely back to normal.\"\nDHSC said further details on partnerships will be released \"in due course\" and other incentives \"could include vouchers or discount codes for people attending pop-up vaccine sites and booking though the NHS, social media competitions and promotional offers for restaurants\".\nThe department added: \"Companies will not ask for or hold any health data for the incentive scheme.\"\nGovernment data up to July 29 shows that of the 84,737,932 Covid-19 jabs given in the UK, 46,775,525 were first doses and 37,962,407 were second doses.\nDHSC said around 67% of people aged 18 to 29 in England have received a first dose.\nThanking businesses for \"stepping up\" to support the vaccine drive, Health Secretary Sajid Javid urged people to \"take advantage of the discounts\".\nHe added: \"The lifesaving vaccines not only protect you, your loved ones and your community, but they are helping to bring us back together by allowing you to get back to doing the things you've missed.\nVaccines minister Nadhim Zahawi said there was \"strong enthusiasm\" among young people so far to get vaccinated, adding: \"Please get your jabs as soon as you can and grab a bargain.\"\nThe latest initiatives are announced aftera host of further pop-up vaccination hubsopened across England this weekend.\nLocations include Circus Extreme in Halifax, West Yorkshire, Burnley FC's Turf Moor ground, Goodwood Racecourse near Chichester, and the Summer of Love Festival in west London's Holland Park.\nIn the east of the capital a four-day vaccine festival is running in Poplar until Monday, with live music and free food.\nDHSC said more than 600,000 people were vaccinated last weekend at walk-in clinics ranging from London's Tate Modern Gallery to a Primark in Bristol.","news_type":1,"symbols_score_info":{"UBER":0.9,"ROO.UK":0.9}},"isVote":1,"tweetType":1,"viewCount":1587,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":802784918,"gmtCreate":1627808429734,"gmtModify":1631891651490,"author":{"id":"3581490701663973","authorId":"3581490701663973","name":"PriceInvest","avatar":"https://static.tigerbbs.com/b136e732ddb8c13bbb2656750a3f72a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581490701663973","authorIdStr":"3581490701663973"},"themes":[],"htmlText":"Cool&nbsp;[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;","listText":"Cool&nbsp;[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;","text":"Cool [得意] [得意] [得意] [得意] [得意] [得意]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/802784918","repostId":"1122171439","repostType":4,"isVote":1,"tweetType":1,"viewCount":634,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":802785723,"gmtCreate":1627808404662,"gmtModify":1633756201344,"author":{"id":"3581490701663973","authorId":"3581490701663973","name":"PriceInvest","avatar":"https://static.tigerbbs.com/b136e732ddb8c13bbb2656750a3f72a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581490701663973","authorIdStr":"3581490701663973"},"themes":[],"htmlText":"Vooll[呆住]&nbsp;[呆住]&nbsp;[呆住]&nbsp;[呆住]&nbsp;","listText":"Vooll[呆住]&nbsp;[呆住]&nbsp;[呆住]&nbsp;[呆住]&nbsp;","text":"Vooll[呆住] [呆住] [呆住] [呆住]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/802785723","repostId":"1147877145","repostType":4,"isVote":1,"tweetType":1,"viewCount":1294,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":806756371,"gmtCreate":1627695995193,"gmtModify":1633757059900,"author":{"id":"3581490701663973","authorId":"3581490701663973","name":"PriceInvest","avatar":"https://static.tigerbbs.com/b136e732ddb8c13bbb2656750a3f72a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581490701663973","authorIdStr":"3581490701663973"},"themes":[],"htmlText":"Wahhh so different from before","listText":"Wahhh so different from before","text":"Wahhh so different from before","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/806756371","repostId":"1152039134","repostType":4,"repost":{"id":"1152039134","kind":"news","pubTimestamp":1627689014,"share":"https://www.laohu8.com/m/news/1152039134?lang=zh_CN&edition=full","pubTime":"2021-07-31 07:50","market":"us","language":"en","title":"Jim Cramer: Robinhood's IPO Debacle Shows How Little Has Changed Over the Decades<blockquote>吉姆·克莱默：Robinhood的IPO惨败表明几十年来变化很小</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1152039134","media":"The Street","summary":"Take it from a guy who knows, the process is really flawed.\n\nWhat should Robinhood (HOOD) -Get Repor","content":"<p>  Take it from a guy who knows, the process is really flawed.  What should Robinhood&nbsp;(<b>HOOD</b>) -Get Report&nbsp;have done to avoid the IPO debacle?</p><p><blockquote>听一个知道的人说，这个过程真的有缺陷。罗宾汉应该做什么（<b>发动机罩</b>)-获取报告为避免IPO失败做了哪些工作？</blockquote></p><p> I can't speak to what happened on Thursday, who was in charge, who argued for what.</p><p><blockquote>我不能说周四发生了什么，谁是负责人，谁为什么辩护。</blockquote></p><p> I can only tell you what I argued for 22 years ago whenTheStreet.comwas coming public. First, as the founder, I was determined to award all the subscribers with stock to demonstrate my loyalty to them.</p><p><blockquote>我只能告诉你22年前TheStreet.com上市时我争论了什么。首先，作为创始人，我决心用股票奖励所有订阅者，以表明我对他们的忠诚。</blockquote></p><p> Second, I was insistent that the deal be priced much lower than the underwriters wanted. We had already made a ton of money for initial investors. Why not leave a lot on the table and let the new investors do well?</p><p><blockquote>其次，我坚持认为这笔交易的定价要比承销商想要的低得多。我们已经为初始投资者赚了一大笔钱。为什么不把很多留在桌面上，让新投资者做好呢？</blockquote></p><p> Third, I wanted enough stock placed with good hands that there would be no flippers and I wanted close coordination with the various brokers who tended to infiltrate the process and hijack the openings by batching market orders and opening the stocks way too high and then shorting them all the way down.</p><p><blockquote>第三，我希望有足够多的股票交给好人，这样就不会有脚蹼，我希望与各种经纪人密切协调，这些经纪人往往会渗透到流程中，通过批量市场订单、开仓过高然后做空股票来劫持开盘。一路下跌。</blockquote></p><p> I lost on every single point.</p><p><blockquote>我在每一点上都输了。</blockquote></p><p> The underwriters said we could not allocate to subscribers.</p><p><blockquote>承销商说我们不能分配给认购者。</blockquote></p><p> Second, the price of the deal would not be controlled to where we could have a small pop so everyone would win.</p><p><blockquote>第二，交易的价格不会被控制在我们可以有一个小的流行，这样每个人都会赢。</blockquote></p><p> Third, the over-the-transom orders, those who placed market orders, were batched by an outfit called Knight Securities, not the underwriter, Goldman Sachs, and it opened at $62 -- it wasn't even clear what the opening price was it was so chaotic -- traded to $66, like how Robinhood traded to $39 and change, and then never traded higher.</p><p><blockquote>第三，场外订单，即那些下市价订单的人，是由一家名为Knight Securities的机构分批的，而不是承销商高盛，开盘价是62美元——甚至不清楚开盘价是多少，太混乱了——交易到66美元，就像Robinhood交易到39美元然后改变，然后再也没有交易更高。</blockquote></p><p> Everyone who bought that day lost money.</p><p><blockquote>那天买的都亏了。</blockquote></p><p> Everyone who sold that day made money.</p><p><blockquote>那天卖出的每个人都赚钱了。</blockquote></p><p> No subscribers got in, most bought at the opening, from what I can tell, and I alienated everyone except the big dogs.</p><p><blockquote>据我所知，没有订户进来，大多数是在开盘时买的，我疏远了除了大狗之外的所有人。</blockquote></p><p> It is amazing that here we are in 2021 and the process, while letting clients in, failed to price it so that Robinhood left money on the table. Believe me, it was possible to do so. But the underwriters and the management chose not to do so. We don't know which side screwed up, or both, but there was a successful blueprint; believe me, if I knew what it was in 1999, they knew what it is now.</p><p><blockquote>令人惊讶的是，我们现在是2021年，这个过程虽然让客户进入，但却未能定价，因此Robinhood将钱留在了桌面上。相信我，这是可能的。但承销商和管理层选择不这样做。我们不知道哪一方搞砸了，或者两者都搞砸了，但有一个成功的蓝图；相信我，如果我知道1999年是什么，他们也知道现在是什么。</blockquote></p><p> I always regretted what happened. Most people blamed me as I was the face of the process. I was astounded by how horrendous it was and did not \"take the long view\" because the long view sucked.</p><p><blockquote>我一直对发生的事感到后悔。大多数人责怪我，因为我是这个过程的代言人。我被它的可怕程度震惊了，没有“从长计议”，因为从长计议很糟糕。</blockquote></p><p> Why do these things go wrong? I do blame the underwriter because they do this every day and the principals only do it once. They have to keep the management from betraying the shareholders because the shareholders think that it is management's fault. No underwriter is EVER going to say that they screwed up. That's not in the cards.</p><p><blockquote>为什么这些事情会出错？我确实责怪承销商，因为他们每天都这样做，而委托人只做一次。他们必须阻止管理层背叛股东，因为股东认为这是管理层的错。没有承销商会说他们搞砸了。那是不可能的。</blockquote></p><p> So, we sit back and we marvel about how badly the deal went even as it was well within the province of the underwriter and the principals to make it so Robinhood left more on the table.</p><p><blockquote>因此，我们坐下来，惊叹于这笔交易进行得有多糟糕，尽管它完全在承销商和委托人的范围内，所以罗宾汉留下了更多。</blockquote></p><p> Greed?</p><p><blockquote>贪婪？</blockquote></p><p> Stupidity?</p><p><blockquote>愚蠢？</blockquote></p><p> How about poor execution and a lack of transparency that shows how badly it was handled.</p><p><blockquote>糟糕的执行和缺乏透明度表明事情处理得有多糟糕怎么样？</blockquote></p><p> Just like the offering ofTheStreet.com.</p><p><blockquote>就像TheStreet.com的产品一样。</blockquote></p><p></p>","source":"lsy1610613172068","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>Jim Cramer: Robinhood's IPO Debacle Shows How Little Has Changed Over the Decades<blockquote>吉姆·克莱默：Robinhood的IPO惨败表明几十年来变化很小</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\">\nJim Cramer: Robinhood's IPO Debacle Shows How Little Has Changed Over the Decades<blockquote>吉姆·克莱默：Robinhood的IPO惨败表明几十年来变化很小</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Street</strong><span class=\"h-time small\">2021-07-31 07:50</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  Take it from a guy who knows, the process is really flawed.  What should Robinhood&nbsp;(<b>HOOD</b>) -Get Report&nbsp;have done to avoid the IPO debacle?</p><p><blockquote>听一个知道的人说，这个过程真的有缺陷。罗宾汉应该做什么（<b>发动机罩</b>)-获取报告为避免IPO失败做了哪些工作？</blockquote></p><p> I can't speak to what happened on Thursday, who was in charge, who argued for what.</p><p><blockquote>我不能说周四发生了什么，谁是负责人，谁为什么辩护。</blockquote></p><p> I can only tell you what I argued for 22 years ago whenTheStreet.comwas coming public. First, as the founder, I was determined to award all the subscribers with stock to demonstrate my loyalty to them.</p><p><blockquote>我只能告诉你22年前TheStreet.com上市时我争论了什么。首先，作为创始人，我决心用股票奖励所有订阅者，以表明我对他们的忠诚。</blockquote></p><p> Second, I was insistent that the deal be priced much lower than the underwriters wanted. We had already made a ton of money for initial investors. Why not leave a lot on the table and let the new investors do well?</p><p><blockquote>其次，我坚持认为这笔交易的定价要比承销商想要的低得多。我们已经为初始投资者赚了一大笔钱。为什么不把很多留在桌面上，让新投资者做好呢？</blockquote></p><p> Third, I wanted enough stock placed with good hands that there would be no flippers and I wanted close coordination with the various brokers who tended to infiltrate the process and hijack the openings by batching market orders and opening the stocks way too high and then shorting them all the way down.</p><p><blockquote>第三，我希望有足够多的股票交给好人，这样就不会有脚蹼，我希望与各种经纪人密切协调，这些经纪人往往会渗透到流程中，通过批量市场订单、开仓过高然后做空股票来劫持开盘。一路下跌。</blockquote></p><p> I lost on every single point.</p><p><blockquote>我在每一点上都输了。</blockquote></p><p> The underwriters said we could not allocate to subscribers.</p><p><blockquote>承销商说我们不能分配给认购者。</blockquote></p><p> Second, the price of the deal would not be controlled to where we could have a small pop so everyone would win.</p><p><blockquote>第二，交易的价格不会被控制在我们可以有一个小的流行，这样每个人都会赢。</blockquote></p><p> Third, the over-the-transom orders, those who placed market orders, were batched by an outfit called Knight Securities, not the underwriter, Goldman Sachs, and it opened at $62 -- it wasn't even clear what the opening price was it was so chaotic -- traded to $66, like how Robinhood traded to $39 and change, and then never traded higher.</p><p><blockquote>第三，场外订单，即那些下市价订单的人，是由一家名为Knight Securities的机构分批的，而不是承销商高盛，开盘价是62美元——甚至不清楚开盘价是多少，太混乱了——交易到66美元，就像Robinhood交易到39美元然后改变，然后再也没有交易更高。</blockquote></p><p> Everyone who bought that day lost money.</p><p><blockquote>那天买的都亏了。</blockquote></p><p> Everyone who sold that day made money.</p><p><blockquote>那天卖出的每个人都赚钱了。</blockquote></p><p> No subscribers got in, most bought at the opening, from what I can tell, and I alienated everyone except the big dogs.</p><p><blockquote>据我所知，没有订户进来，大多数是在开盘时买的，我疏远了除了大狗之外的所有人。</blockquote></p><p> It is amazing that here we are in 2021 and the process, while letting clients in, failed to price it so that Robinhood left money on the table. Believe me, it was possible to do so. But the underwriters and the management chose not to do so. We don't know which side screwed up, or both, but there was a successful blueprint; believe me, if I knew what it was in 1999, they knew what it is now.</p><p><blockquote>令人惊讶的是，我们现在是2021年，这个过程虽然让客户进入，但却未能定价，因此Robinhood将钱留在了桌面上。相信我，这是可能的。但承销商和管理层选择不这样做。我们不知道哪一方搞砸了，或者两者都搞砸了，但有一个成功的蓝图；相信我，如果我知道1999年是什么，他们也知道现在是什么。</blockquote></p><p> I always regretted what happened. Most people blamed me as I was the face of the process. I was astounded by how horrendous it was and did not \"take the long view\" because the long view sucked.</p><p><blockquote>我一直对发生的事感到后悔。大多数人责怪我，因为我是这个过程的代言人。我被它的可怕程度震惊了，没有“从长计议”，因为从长计议很糟糕。</blockquote></p><p> Why do these things go wrong? I do blame the underwriter because they do this every day and the principals only do it once. They have to keep the management from betraying the shareholders because the shareholders think that it is management's fault. No underwriter is EVER going to say that they screwed up. That's not in the cards.</p><p><blockquote>为什么这些事情会出错？我确实责怪承销商，因为他们每天都这样做，而委托人只做一次。他们必须阻止管理层背叛股东，因为股东认为这是管理层的错。没有承销商会说他们搞砸了。那是不可能的。</blockquote></p><p> So, we sit back and we marvel about how badly the deal went even as it was well within the province of the underwriter and the principals to make it so Robinhood left more on the table.</p><p><blockquote>因此，我们坐下来，惊叹于这笔交易进行得有多糟糕，尽管它完全在承销商和委托人的范围内，所以罗宾汉留下了更多。</blockquote></p><p> Greed?</p><p><blockquote>贪婪？</blockquote></p><p> Stupidity?</p><p><blockquote>愚蠢？</blockquote></p><p> How about poor execution and a lack of transparency that shows how badly it was handled.</p><p><blockquote>糟糕的执行和缺乏透明度表明事情处理得有多糟糕怎么样？</blockquote></p><p> Just like the offering ofTheStreet.com.</p><p><blockquote>就像TheStreet.com的产品一样。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/cramer-robinhood-ipo-debacle-thestreet-7-30-21\">The Street</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":{"HOOD":"Robinhood"},"source_url":"https://www.thestreet.com/investing/cramer-robinhood-ipo-debacle-thestreet-7-30-21","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152039134","content_text":"Take it from a guy who knows, the process is really flawed.\n\nWhat should Robinhood (HOOD) -Get Report have done to avoid the IPO debacle?\nI can't speak to what happened on Thursday, who was in charge, who argued for what.\nI can only tell you what I argued for 22 years ago whenTheStreet.comwas coming public. First, as the founder, I was determined to award all the subscribers with stock to demonstrate my loyalty to them.\nSecond, I was insistent that the deal be priced much lower than the underwriters wanted. We had already made a ton of money for initial investors. Why not leave a lot on the table and let the new investors do well?\nThird, I wanted enough stock placed with good hands that there would be no flippers and I wanted close coordination with the various brokers who tended to infiltrate the process and hijack the openings by batching market orders and opening the stocks way too high and then shorting them all the way down.\nI lost on every single point.\nThe underwriters said we could not allocate to subscribers.\nSecond, the price of the deal would not be controlled to where we could have a small pop so everyone would win.\nThird, the over-the-transom orders, those who placed market orders, were batched by an outfit called Knight Securities, not the underwriter, Goldman Sachs, and it opened at $62 -- it wasn't even clear what the opening price was it was so chaotic -- traded to $66, like how Robinhood traded to $39 and change, and then never traded higher.\nEveryone who bought that day lost money.\nEveryone who sold that day made money.\nNo subscribers got in, most bought at the opening, from what I can tell, and I alienated everyone except the big dogs.\nIt is amazing that here we are in 2021 and the process, while letting clients in, failed to price it so that Robinhood left money on the table. Believe me, it was possible to do so. But the underwriters and the management chose not to do so. We don't know which side screwed up, or both, but there was a successful blueprint; believe me, if I knew what it was in 1999, they knew what it is now.\nI always regretted what happened. Most people blamed me as I was the face of the process. I was astounded by how horrendous it was and did not \"take the long view\" because the long view sucked.\nWhy do these things go wrong? I do blame the underwriter because they do this every day and the principals only do it once. They have to keep the management from betraying the shareholders because the shareholders think that it is management's fault. No underwriter is EVER going to say that they screwed up. That's not in the cards.\nSo, we sit back and we marvel about how badly the deal went even as it was well within the province of the underwriter and the principals to make it so Robinhood left more on the table.\nGreed?\nStupidity?\nHow about poor execution and a lack of transparency that shows how badly it was handled.\nJust like the offering 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gogogogogo","images":[{"img":"https://static.tigerbbs.com/b7c70fd28eb28a2d178dee2464c97299","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/801519225","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":741,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":891008679,"gmtCreate":1628304365891,"gmtModify":1631891651481,"author":{"id":"3581490701663973","authorId":"3581490701663973","name":"PriceInvest","avatar":"https://static.tigerbbs.com/b136e732ddb8c13bbb2656750a3f72a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581490701663973","idStr":"3581490701663973"},"themes":[],"htmlText":"Welcomento tiger","listText":"Welcomento tiger","text":"Welcomento tiger","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/891008679","repostId":"1119792130","repostType":4,"isVote":1,"tweetType":1,"viewCount":921,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":874304289,"gmtCreate":1637726588253,"gmtModify":1637726588253,"author":{"id":"3581490701663973","authorId":"3581490701663973","name":"PriceInvest","avatar":"https://static.tigerbbs.com/b136e732ddb8c13bbb2656750a3f72a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581490701663973","idStr":"3581490701663973"},"themes":[],"htmlText":"[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;","listText":"[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;","text":"[得意] [得意] [得意] [得意] [得意] [得意] [得意]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/874304289","repostId":"1163579592","repostType":4,"repost":{"id":"1163579592","kind":"news","pubTimestamp":1637726185,"share":"https://www.laohu8.com/m/news/1163579592?lang=zh_CN&edition=full","pubTime":"2021-11-24 11:56","market":"us","language":"en","title":"Why Apple Will Become An AV Leader<blockquote>为什么苹果将成为AV领导者</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1163579592","media":"Seeking Alpha","summary":"Summary\n\nApple has made headlines as interest in its Autonomous technology has resurfaced.\nProject T","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Apple has made headlines as interest in its Autonomous technology has resurfaced.</li>  <li>Project Titan has been in the works for years, but has now taken a new direction.</li>  <li>I believe Apple has what it takes to be a dominant player in the EV/AV sector.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5872fb8fbedad59246eb8de6d2dcd7e9\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>Yurii Kifor/iStock via Getty Images</span></p><p><blockquote><ul><li>随着人们对其自动驾驶技术的兴趣重新浮出水面，苹果成为了头条新闻。</li><li>泰坦计划已经进行了多年，但现在有了新的方向。</li><li>我相信苹果有能力成为EV/AV领域的主导者。</li></ul><p class=\"t-img-caption\"><span>Yurii Kifor/iStock来自Getty Images</span></p></blockquote></p><p> <b>Thesis Summary</b></p><p><blockquote><b>论文摘要</b></blockquote></p><p> Apple Inc. (AAPL) made headlines last week when news of a potential Apple car divided analysts. Loup Ventures analyst Gene Munster&nbsp;compared&nbsp;Apple's capabilities in AI to those of Tesla Inc. (TSLA). Meanwhile, Morgan Stanley (MS) analysts suggested that this was the&nbsp;“ultimate bear case”.</p><p><blockquote>苹果公司（AAPL）上周成为头条新闻，当时潜在的苹果汽车的消息引起了分析师的分歧。Loup Ventures分析师Gene Munster将苹果在人工智能方面的能力与特斯拉公司(TSLA)进行了比较。与此同时，摩根士丹利（MS）分析师表示，这是“终极熊市案例”。</blockquote></p><p> I believe that Apple is well-positioned in terms of brand and technology to earn a spot in the highly coveted Autonomous Vehicle market. (Much like I pointed out in&nbsp;this previous piece)</p><p><blockquote>我相信苹果在品牌和技术方面处于有利地位，可以在令人垂涎的自动驾驶汽车市场中赢得一席之地。（就像我在上一篇文章中指出的那样）</blockquote></p><p> In this article, I look at what this could look like and just how much Apple stands to gain.</p><p><blockquote>在这篇文章中，我看看这可能是什么样子，以及苹果将获得多少收益。</blockquote></p><p> Even if Apple doesn’t succeed, investors are left with shares of a highly valuable company, which is why I think Apple is a good way of “speculating” on the future of EV/AVs</p><p><blockquote>即使苹果没有成功，投资者也会得到一家高价值公司的股票，这就是为什么我认为苹果是“投机”EV/AV未来的好方法</blockquote></p><p> <b>The Apple car is nothing new; or is it?</b></p><p><blockquote><b>苹果汽车并不新鲜；或者是吗？</b></blockquote></p><p> Although Project Titan has been operating in the background for around 7 years, we have seen renewed interest in it in the last few weeks following what seems to be a significant change in direction.</p><p><blockquote>尽管泰坦项目已经在后台运行了大约7年，但在方向似乎发生重大变化后，我们在过去几周看到了人们对它的新兴趣。</blockquote></p><p> Kevin Lynch is now leading Project Titan, and the focus has shifted from developing an EV, to some form of AV which, rather than being sold to individuals, could operate as a robo-taxi. Lynch was behind the success of the Apple Watch but has no experience in the auto industry, which is why Apple has recruited former Tesla execs and other industry experts.</p><p><blockquote>凯文·林奇(Kevin Lynch)现在领导泰坦计划(Project Titan)，重点已从开发电动汽车转向某种形式的自动驾驶汽车，这种汽车不是出售给个人，而是可以作为机器人出租车运行。林奇是苹果手表成功的幕后推手，但他没有汽车行业的经验，这就是苹果招募前特斯拉高管和其他行业专家的原因。</blockquote></p><p> Apple hopes to achieve fully&nbsp;autonomous&nbsp;driving by 2025 and has even designed&nbsp;its chip, which will be retrofitted into a test fleet in California beginning real-world testing next year.</p><p><blockquote>苹果希望到2025年实现完全自动驾驶，甚至已经设计出了自己的芯片，明年将被改装成加州的测试车队，开始现实世界的测试。</blockquote></p><p> Apple has certainly laid out an ambitious path given where other players are at the moment when it comes to autonomous driving. Tesla has been working on this since 2014, and Alphabet Inc.’s (GOOGL) Waymo was spun off over 10 years ago. The challenges with producing autonomous vehicles are as much technical as they are legal and political. Having said this, I believe that Apple has the right mix of ingredients to thrive in the space.</p><p><blockquote>考虑到其他参与者目前在自动驾驶方面的处境，苹果无疑已经规划了一条雄心勃勃的道路。特斯拉自2014年以来一直致力于此，Alphabet公司（GOOGL）的Waymo在10多年前就被分拆了。生产自动驾驶汽车的挑战既是技术上的，也是法律和政治上的。话虽如此，我相信苹果拥有在该领域蓬勃发展的正确组合。</blockquote></p><p> <b>Why Apple could lead the AV Space</b></p><p><blockquote><b>为什么苹果可以引领AV领域</b></blockquote></p><p> The fundamental question that investors have to address here is; What is Apple building? As automobile technology advances, especially with the rise of EVs, the line between car and computer has become less clear. The EVs of today are, for good and bad, heavily reliant on software. From opening your car to connecting to the internet, this is now all done electronically. The emphasis has moved from engines to chips, something which has been noted by many, including NVIDIA Corporation’s (NVDA) CEO. This change has been noted by many analysts and people involved in the segment. Huang predicted that by 2025, most cars might be sold at cost and that&nbsp;the sale of software&nbsp;will become the main source of revenue for car companies. He also noted that luxury and convenience is what is accelerating the move to EVs, rather than environmental concerns.</p><p><blockquote>投资者在这里必须解决的基本问题是：苹果在建设什么？随着汽车技术的进步，尤其是电动汽车的兴起，汽车和电脑之间的界限变得不那么清晰了。无论好坏，今天的电动汽车都严重依赖软件。从打开汽车到连接互联网，现在都是通过电子方式完成的。重点已经从引擎转移到芯片，包括英伟达公司(NVDA)首席执行官在内的许多人都注意到了这一点。许多分析师和参与该领域的人士都注意到了这一变化。黄预测，到2025年，大多数汽车可能会以成本价出售，软件销售将成为车企的主要收入来源。他还指出，加速转向电动汽车的是豪华和便利，而不是环境问题。</blockquote></p><p> If software, and the hardware it comes in, will indeed be the most important factor moving forward, then doesn’t Apple have great odds of dominating this market? Apple has built one of the most used software’s in the world, the iOS. The company also builds some of the most sophisticated and sought after hardware. And, most importantly, the company has spent decades cultivating an image and brand which is associated with luxury and convenience.</p><p><blockquote>如果软件及其硬件确实是未来最重要的因素，那么苹果不是很有可能主导这个市场吗？苹果开发了世界上最常用的软件之一iOS。该公司还制造一些最复杂和最受欢迎的硬件。最重要的是，该公司花了几十年时间培养与奢华和便利相关的形象和品牌。</blockquote></p><p> The transportation experience of the future will be radically different from what it is today. As humans become less and less involved in the driving process, their time and focus will be freed up inside the car, and will likely be redirected to the surrounding screens or “infotainment systems”. It is no accident that Apple is flirting with a design that has an Ipad in place of a steering wheel.</p><p><blockquote>未来的交通体验将与今天截然不同。随着人类越来越少地参与驾驶过程，他们的时间和注意力将在车内被释放出来，并可能被重定向到周围的屏幕或“信息娱乐系统”。苹果正在尝试一种用Ipad代替方向盘的设计，这并非偶然。</blockquote></p><p> Much like smartphones, the car of tomorrow, whether it's a personal car or part of a commercial fleet, will be programmed to act as an extension of us. They will allow us to seamlessly connect to the internet., use our other devices and ultimately allow us to keep consuming while we are taken where we need to go. While I don’t think this is necessarily a step forward for humans, it is a step in the right direction for Apple.</p><p><blockquote>就像智能手机一样，未来的汽车，无论是私人汽车还是商业车队的一部分，都将被编程为作为我们的延伸。它们将允许我们无缝连接到互联网。，使用我们的其他设备，并最终允许我们在被带到我们需要去的地方时继续消费。虽然我不认为这一定是人类向前迈出的一步，但这是苹果朝着正确方向迈出的一步。</blockquote></p><p> <b>How much does Apple stand to gain?</b></p><p><blockquote><b>苹果将获得多少收益？</b></blockquote></p><p></p><p> It’s hard to predict the future of autonomous driving. While we are certainly getting close to it in terms of technology, I fear that the regulatory landscape is not moving at the same pace. Autonomous driving has serious legal and even moral implications which we must address. Having said that, we can all agree that this is the way forward.IDTechEx&nbsp;has tried to estimate what this future will look like.</p><p><blockquote>很难预测自动驾驶的未来。虽然我们在技术方面肯定正在接近它，但我担心监管环境并没有以同样的速度发展。自动驾驶具有严重的法律甚至道德影响，我们必须解决这些问题。话虽如此，我们都同意这是前进的方向。IDTechEx试图估计这个未来会是什么样子。</blockquote></p><p>   According to our forecasts, by 2040 global autonomous cars (SAE Level 3+) and robotaxi services will become a $2.5 trillion market. By 2030, the autonomous driving system (including lidars, radars, cameras, computers, software and maps) market will reach $57 billion; the market value will more than triple by 2040, reaching $173 billion.  Source:IDTEchEX</p><p><blockquote>根据我们的预测，到2040年，全球自动驾驶汽车（SAE Level 3+）和robotaxi服务将成为2.5万亿美元的市场。到2030年，自动驾驶系统（包括激光雷达、雷达、摄像头、计算机、软件和地图）市场规模将达到570亿美元；到2040年，市值将增长两倍以上，达到1730亿美元。资料来源：IDTEchEX</blockquote></p><p> Although it is almost 20 years away, robotaxi services, which seems to be what Apple is focusing on right now, will be a $2.5 trillion business. Apple has what it takes to dominate this space because it already has a good percentage of the world using its products. It would make sense for Apple clients to use these services since the car itself would be geared towards supporting Apple’s products. We have to think of this industry as part of a larger ecosystem.</p><p><blockquote>尽管还有近20年的时间，但robotaxi服务似乎是苹果目前关注的焦点，它将是一项价值2.5万亿美元的业务。苹果有能力主导这一领域，因为它已经有很大一部分世界用户使用其产品。苹果客户使用这些服务是有意义的，因为汽车本身将致力于支持苹果的产品。我们必须将这个行业视为更大生态系统的一部分。</blockquote></p><p> Even sooner than that though, Apple could gain billions in revenue just by supplying software or hardware towards autonomous driving in one way or another:</p><p><blockquote>不过，在此之前，苹果仅通过以某种方式为自动驾驶提供软件或硬件就可以获得数十亿美元的收入：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d989317313fd9e2f7b561ec4fb2e0e49\" tg-width=\"1190\" tg-height=\"606\" width=\"100%\" height=\"auto\"><span>Source: IDTEchEX</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：IDTEchEX</span></p></blockquote></p><p> AD systems are forecast to be a $57 billion industry by 2030, and grow to $173 by 2040. Within this, software will be the most significant component. With Apple designing its chips for its cars, it could be paving the way to supplying not just its fleet of cars, but even selling chips to other manufacturers.</p><p><blockquote>预计到2030年，广告系统将成为一个价值570亿美元的产业，到2040年将增长到173美元。其中，软件将是最重要的组成部分。随着苹果为其汽车设计芯片，它可能不仅为供应其车队，甚至为向其他制造商出售芯片铺平道路。</blockquote></p><p> <b>Takeaway</b></p><p><blockquote><b>外卖</b></blockquote></p><p> In conclusion, there is a big TAM out there, I don’t think Apple will be content selling phones for the next 20 years. Apple has a great opportunity to develop a successful autonomous car, thanks to its expertise in software and hardware. Furthermore, the company is poised for commercial success, since its brand values luxury and convenience, aligned with what consumers are looking for in cars today.</p><p><blockquote>总之，有一个很大的TAM，我认为苹果在未来20年不会满足于销售手机。由于其在软件和硬件方面的专业知识，苹果有很好的机会开发一款成功的自动驾驶汽车。此外，该公司已准备好取得商业成功，因为其品牌重视豪华和便利，符合当今消费者对汽车的需求。</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>Why Apple Will Become An AV Leader<blockquote>为什么苹果将成为AV领导者</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\">\nWhy Apple Will Become An AV Leader<blockquote>为什么苹果将成为AV领导者</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\">2021-11-24 11:56</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>Apple has made headlines as interest in its Autonomous technology has resurfaced.</li>  <li>Project Titan has been in the works for years, but has now taken a new direction.</li>  <li>I believe Apple has what it takes to be a dominant player in the EV/AV sector.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5872fb8fbedad59246eb8de6d2dcd7e9\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>Yurii Kifor/iStock via Getty Images</span></p><p><blockquote><ul><li>随着人们对其自动驾驶技术的兴趣重新浮出水面，苹果成为了头条新闻。</li><li>泰坦计划已经进行了多年，但现在有了新的方向。</li><li>我相信苹果有能力成为EV/AV领域的主导者。</li></ul><p class=\"t-img-caption\"><span>Yurii Kifor/iStock来自Getty Images</span></p></blockquote></p><p> <b>Thesis Summary</b></p><p><blockquote><b>论文摘要</b></blockquote></p><p> Apple Inc. (AAPL) made headlines last week when news of a potential Apple car divided analysts. Loup Ventures analyst Gene Munster&nbsp;compared&nbsp;Apple's capabilities in AI to those of Tesla Inc. (TSLA). Meanwhile, Morgan Stanley (MS) analysts suggested that this was the&nbsp;“ultimate bear case”.</p><p><blockquote>苹果公司（AAPL）上周成为头条新闻，当时潜在的苹果汽车的消息引起了分析师的分歧。Loup Ventures分析师Gene Munster将苹果在人工智能方面的能力与特斯拉公司(TSLA)进行了比较。与此同时，摩根士丹利（MS）分析师表示，这是“终极熊市案例”。</blockquote></p><p> I believe that Apple is well-positioned in terms of brand and technology to earn a spot in the highly coveted Autonomous Vehicle market. (Much like I pointed out in&nbsp;this previous piece)</p><p><blockquote>我相信苹果在品牌和技术方面处于有利地位，可以在令人垂涎的自动驾驶汽车市场中赢得一席之地。（就像我在上一篇文章中指出的那样）</blockquote></p><p> In this article, I look at what this could look like and just how much Apple stands to gain.</p><p><blockquote>在这篇文章中，我看看这可能是什么样子，以及苹果将获得多少收益。</blockquote></p><p> Even if Apple doesn’t succeed, investors are left with shares of a highly valuable company, which is why I think Apple is a good way of “speculating” on the future of EV/AVs</p><p><blockquote>即使苹果没有成功，投资者也会得到一家高价值公司的股票，这就是为什么我认为苹果是“投机”EV/AV未来的好方法</blockquote></p><p> <b>The Apple car is nothing new; or is it?</b></p><p><blockquote><b>苹果汽车并不新鲜；或者是吗？</b></blockquote></p><p> Although Project Titan has been operating in the background for around 7 years, we have seen renewed interest in it in the last few weeks following what seems to be a significant change in direction.</p><p><blockquote>尽管泰坦项目已经在后台运行了大约7年，但在方向似乎发生重大变化后，我们在过去几周看到了人们对它的新兴趣。</blockquote></p><p> Kevin Lynch is now leading Project Titan, and the focus has shifted from developing an EV, to some form of AV which, rather than being sold to individuals, could operate as a robo-taxi. Lynch was behind the success of the Apple Watch but has no experience in the auto industry, which is why Apple has recruited former Tesla execs and other industry experts.</p><p><blockquote>凯文·林奇(Kevin Lynch)现在领导泰坦计划(Project Titan)，重点已从开发电动汽车转向某种形式的自动驾驶汽车，这种汽车不是出售给个人，而是可以作为机器人出租车运行。林奇是苹果手表成功的幕后推手，但他没有汽车行业的经验，这就是苹果招募前特斯拉高管和其他行业专家的原因。</blockquote></p><p> Apple hopes to achieve fully&nbsp;autonomous&nbsp;driving by 2025 and has even designed&nbsp;its chip, which will be retrofitted into a test fleet in California beginning real-world testing next year.</p><p><blockquote>苹果希望到2025年实现完全自动驾驶，甚至已经设计出了自己的芯片，明年将被改装成加州的测试车队，开始现实世界的测试。</blockquote></p><p> Apple has certainly laid out an ambitious path given where other players are at the moment when it comes to autonomous driving. Tesla has been working on this since 2014, and Alphabet Inc.’s (GOOGL) Waymo was spun off over 10 years ago. The challenges with producing autonomous vehicles are as much technical as they are legal and political. Having said this, I believe that Apple has the right mix of ingredients to thrive in the space.</p><p><blockquote>考虑到其他参与者目前在自动驾驶方面的处境，苹果无疑已经规划了一条雄心勃勃的道路。特斯拉自2014年以来一直致力于此，Alphabet公司（GOOGL）的Waymo在10多年前就被分拆了。生产自动驾驶汽车的挑战既是技术上的，也是法律和政治上的。话虽如此，我相信苹果拥有在该领域蓬勃发展的正确组合。</blockquote></p><p> <b>Why Apple could lead the AV Space</b></p><p><blockquote><b>为什么苹果可以引领AV领域</b></blockquote></p><p> The fundamental question that investors have to address here is; What is Apple building? As automobile technology advances, especially with the rise of EVs, the line between car and computer has become less clear. The EVs of today are, for good and bad, heavily reliant on software. From opening your car to connecting to the internet, this is now all done electronically. The emphasis has moved from engines to chips, something which has been noted by many, including NVIDIA Corporation’s (NVDA) CEO. This change has been noted by many analysts and people involved in the segment. Huang predicted that by 2025, most cars might be sold at cost and that&nbsp;the sale of software&nbsp;will become the main source of revenue for car companies. He also noted that luxury and convenience is what is accelerating the move to EVs, rather than environmental concerns.</p><p><blockquote>投资者在这里必须解决的基本问题是：苹果在建设什么？随着汽车技术的进步，尤其是电动汽车的兴起，汽车和电脑之间的界限变得不那么清晰了。无论好坏，今天的电动汽车都严重依赖软件。从打开汽车到连接互联网，现在都是通过电子方式完成的。重点已经从引擎转移到芯片，包括英伟达公司(NVDA)首席执行官在内的许多人都注意到了这一点。许多分析师和参与该领域的人士都注意到了这一变化。黄预测，到2025年，大多数汽车可能会以成本价出售，软件销售将成为车企的主要收入来源。他还指出，加速转向电动汽车的是豪华和便利，而不是环境问题。</blockquote></p><p> If software, and the hardware it comes in, will indeed be the most important factor moving forward, then doesn’t Apple have great odds of dominating this market? Apple has built one of the most used software’s in the world, the iOS. The company also builds some of the most sophisticated and sought after hardware. And, most importantly, the company has spent decades cultivating an image and brand which is associated with luxury and convenience.</p><p><blockquote>如果软件及其硬件确实是未来最重要的因素，那么苹果不是很有可能主导这个市场吗？苹果开发了世界上最常用的软件之一iOS。该公司还制造一些最复杂和最受欢迎的硬件。最重要的是，该公司花了几十年时间培养与奢华和便利相关的形象和品牌。</blockquote></p><p> The transportation experience of the future will be radically different from what it is today. As humans become less and less involved in the driving process, their time and focus will be freed up inside the car, and will likely be redirected to the surrounding screens or “infotainment systems”. It is no accident that Apple is flirting with a design that has an Ipad in place of a steering wheel.</p><p><blockquote>未来的交通体验将与今天截然不同。随着人类越来越少地参与驾驶过程，他们的时间和注意力将在车内被释放出来，并可能被重定向到周围的屏幕或“信息娱乐系统”。苹果正在尝试一种用Ipad代替方向盘的设计，这并非偶然。</blockquote></p><p> Much like smartphones, the car of tomorrow, whether it's a personal car or part of a commercial fleet, will be programmed to act as an extension of us. They will allow us to seamlessly connect to the internet., use our other devices and ultimately allow us to keep consuming while we are taken where we need to go. While I don’t think this is necessarily a step forward for humans, it is a step in the right direction for Apple.</p><p><blockquote>就像智能手机一样，未来的汽车，无论是私人汽车还是商业车队的一部分，都将被编程为作为我们的延伸。它们将允许我们无缝连接到互联网。，使用我们的其他设备，并最终允许我们在被带到我们需要去的地方时继续消费。虽然我不认为这一定是人类向前迈出的一步，但这是苹果朝着正确方向迈出的一步。</blockquote></p><p> <b>How much does Apple stand to gain?</b></p><p><blockquote><b>苹果将获得多少收益？</b></blockquote></p><p></p><p> It’s hard to predict the future of autonomous driving. While we are certainly getting close to it in terms of technology, I fear that the regulatory landscape is not moving at the same pace. Autonomous driving has serious legal and even moral implications which we must address. Having said that, we can all agree that this is the way forward.IDTechEx&nbsp;has tried to estimate what this future will look like.</p><p><blockquote>很难预测自动驾驶的未来。虽然我们在技术方面肯定正在接近它，但我担心监管环境并没有以同样的速度发展。自动驾驶具有严重的法律甚至道德影响，我们必须解决这些问题。话虽如此，我们都同意这是前进的方向。IDTechEx试图估计这个未来会是什么样子。</blockquote></p><p>   According to our forecasts, by 2040 global autonomous cars (SAE Level 3+) and robotaxi services will become a $2.5 trillion market. By 2030, the autonomous driving system (including lidars, radars, cameras, computers, software and maps) market will reach $57 billion; the market value will more than triple by 2040, reaching $173 billion.  Source:IDTEchEX</p><p><blockquote>根据我们的预测，到2040年，全球自动驾驶汽车（SAE Level 3+）和robotaxi服务将成为2.5万亿美元的市场。到2030年，自动驾驶系统（包括激光雷达、雷达、摄像头、计算机、软件和地图）市场规模将达到570亿美元；到2040年，市值将增长两倍以上，达到1730亿美元。资料来源：IDTEchEX</blockquote></p><p> Although it is almost 20 years away, robotaxi services, which seems to be what Apple is focusing on right now, will be a $2.5 trillion business. Apple has what it takes to dominate this space because it already has a good percentage of the world using its products. It would make sense for Apple clients to use these services since the car itself would be geared towards supporting Apple’s products. We have to think of this industry as part of a larger ecosystem.</p><p><blockquote>尽管还有近20年的时间，但robotaxi服务似乎是苹果目前关注的焦点，它将是一项价值2.5万亿美元的业务。苹果有能力主导这一领域，因为它已经有很大一部分世界用户使用其产品。苹果客户使用这些服务是有意义的，因为汽车本身将致力于支持苹果的产品。我们必须将这个行业视为更大生态系统的一部分。</blockquote></p><p> Even sooner than that though, Apple could gain billions in revenue just by supplying software or hardware towards autonomous driving in one way or another:</p><p><blockquote>不过，在此之前，苹果仅通过以某种方式为自动驾驶提供软件或硬件就可以获得数十亿美元的收入：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d989317313fd9e2f7b561ec4fb2e0e49\" tg-width=\"1190\" tg-height=\"606\" width=\"100%\" height=\"auto\"><span>Source: IDTEchEX</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：IDTEchEX</span></p></blockquote></p><p> AD systems are forecast to be a $57 billion industry by 2030, and grow to $173 by 2040. Within this, software will be the most significant component. With Apple designing its chips for its cars, it could be paving the way to supplying not just its fleet of cars, but even selling chips to other manufacturers.</p><p><blockquote>预计到2030年，广告系统将成为一个价值570亿美元的产业，到2040年将增长到173美元。其中，软件将是最重要的组成部分。随着苹果为其汽车设计芯片，它可能不仅为供应其车队，甚至为向其他制造商出售芯片铺平道路。</blockquote></p><p> <b>Takeaway</b></p><p><blockquote><b>外卖</b></blockquote></p><p> In conclusion, there is a big TAM out there, I don’t think Apple will be content selling phones for the next 20 years. Apple has a great opportunity to develop a successful autonomous car, thanks to its expertise in software and hardware. Furthermore, the company is poised for commercial success, since its brand values luxury and convenience, aligned with what consumers are looking for in cars today.</p><p><blockquote>总之，有一个很大的TAM，我认为苹果在未来20年不会满足于销售手机。由于其在软件和硬件方面的专业知识，苹果有很好的机会开发一款成功的自动驾驶汽车。此外，该公司已准备好取得商业成功，因为其品牌重视豪华和便利，符合当今消费者对汽车的需求。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4471397-apple-aapl-stock-will-become-automatic-vehicle-leader\">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":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4471397-apple-aapl-stock-will-become-automatic-vehicle-leader","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163579592","content_text":"Summary\n\nApple has made headlines as interest in its Autonomous technology has resurfaced.\nProject Titan has been in the works for years, but has now taken a new direction.\nI believe Apple has what it takes to be a dominant player in the EV/AV sector.\n\nYurii Kifor/iStock via Getty Images\nThesis Summary\nApple Inc. (AAPL) made headlines last week when news of a potential Apple car divided analysts. Loup Ventures analyst Gene Munster compared Apple's capabilities in AI to those of Tesla Inc. (TSLA). Meanwhile, Morgan Stanley (MS) analysts suggested that this was the “ultimate bear case”.\nI believe that Apple is well-positioned in terms of brand and technology to earn a spot in the highly coveted Autonomous Vehicle market. (Much like I pointed out in this previous piece)\nIn this article, I look at what this could look like and just how much Apple stands to gain.\nEven if Apple doesn’t succeed, investors are left with shares of a highly valuable company, which is why I think Apple is a good way of “speculating” on the future of EV/AVs\nThe Apple car is nothing new; or is it?\nAlthough Project Titan has been operating in the background for around 7 years, we have seen renewed interest in it in the last few weeks following what seems to be a significant change in direction.\nKevin Lynch is now leading Project Titan, and the focus has shifted from developing an EV, to some form of AV which, rather than being sold to individuals, could operate as a robo-taxi. Lynch was behind the success of the Apple Watch but has no experience in the auto industry, which is why Apple has recruited former Tesla execs and other industry experts.\nApple hopes to achieve fully autonomous driving by 2025 and has even designed its chip, which will be retrofitted into a test fleet in California beginning real-world testing next year.\nApple has certainly laid out an ambitious path given where other players are at the moment when it comes to autonomous driving. Tesla has been working on this since 2014, and Alphabet Inc.’s (GOOGL) Waymo was spun off over 10 years ago. The challenges with producing autonomous vehicles are as much technical as they are legal and political. Having said this, I believe that Apple has the right mix of ingredients to thrive in the space.\nWhy Apple could lead the AV Space\nThe fundamental question that investors have to address here is; What is Apple building? As automobile technology advances, especially with the rise of EVs, the line between car and computer has become less clear. The EVs of today are, for good and bad, heavily reliant on software. From opening your car to connecting to the internet, this is now all done electronically. The emphasis has moved from engines to chips, something which has been noted by many, including NVIDIA Corporation’s (NVDA) CEO. This change has been noted by many analysts and people involved in the segment. Huang predicted that by 2025, most cars might be sold at cost and that the sale of software will become the main source of revenue for car companies. He also noted that luxury and convenience is what is accelerating the move to EVs, rather than environmental concerns.\nIf software, and the hardware it comes in, will indeed be the most important factor moving forward, then doesn’t Apple have great odds of dominating this market? Apple has built one of the most used software’s in the world, the iOS. The company also builds some of the most sophisticated and sought after hardware. And, most importantly, the company has spent decades cultivating an image and brand which is associated with luxury and convenience.\nThe transportation experience of the future will be radically different from what it is today. As humans become less and less involved in the driving process, their time and focus will be freed up inside the car, and will likely be redirected to the surrounding screens or “infotainment systems”. It is no accident that Apple is flirting with a design that has an Ipad in place of a steering wheel.\nMuch like smartphones, the car of tomorrow, whether it's a personal car or part of a commercial fleet, will be programmed to act as an extension of us. They will allow us to seamlessly connect to the internet., use our other devices and ultimately allow us to keep consuming while we are taken where we need to go. While I don’t think this is necessarily a step forward for humans, it is a step in the right direction for Apple.\nHow much does Apple stand to gain?\nIt’s hard to predict the future of autonomous driving. While we are certainly getting close to it in terms of technology, I fear that the regulatory landscape is not moving at the same pace. Autonomous driving has serious legal and even moral implications which we must address. Having said that, we can all agree that this is the way forward.IDTechEx has tried to estimate what this future will look like.\n\n According to our forecasts, by 2040 global autonomous cars (SAE Level 3+) and robotaxi services will become a $2.5 trillion market. By 2030, the autonomous driving system (including lidars, radars, cameras, computers, software and maps) market will reach $57 billion; the market value will more than triple by 2040, reaching $173 billion.\n\nSource:IDTEchEX\nAlthough it is almost 20 years away, robotaxi services, which seems to be what Apple is focusing on right now, will be a $2.5 trillion business. Apple has what it takes to dominate this space because it already has a good percentage of the world using its products. It would make sense for Apple clients to use these services since the car itself would be geared towards supporting Apple’s products. We have to think of this industry as part of a larger ecosystem.\nEven sooner than that though, Apple could gain billions in revenue just by supplying software or hardware towards autonomous driving in one way or another:\nSource: IDTEchEX\nAD systems are forecast to be a $57 billion industry by 2030, and grow to $173 by 2040. Within this, software will be the most significant component. With Apple designing its chips for its cars, it could be paving the way to supplying not just its fleet of cars, but even selling chips to other manufacturers.\nTakeaway\nIn conclusion, there is a big TAM out there, I don’t think Apple will be content selling phones for the next 20 years. Apple has a great opportunity to develop a successful autonomous car, thanks to its expertise in software and hardware. Furthermore, the company is poised for commercial success, since its brand values luxury and convenience, aligned with what consumers are looking for in cars today.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":4003,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":833462361,"gmtCreate":1629256226053,"gmtModify":1631891651461,"author":{"id":"3581490701663973","authorId":"3581490701663973","name":"PriceInvest","avatar":"https://static.tigerbbs.com/b136e732ddb8c13bbb2656750a3f72a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581490701663973","idStr":"3581490701663973"},"themes":[],"htmlText":"Kim","listText":"Kim","text":"Kim","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/833462361","repostId":"147198981","repostType":1,"repost":{"id":147198981,"gmtCreate":1626339423337,"gmtModify":1626399206134,"author":{"id":"3527667615621999","authorId":"3527667615621999","name":"爱运动的小虎哥","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3527667615621999","idStr":"3527667615621999"},"themes":[],"title":"Predict the Market to share MILLIONS of Tiger coins!","htmlText":"Hello,&nbsp;dear&nbsp;Tigers!&nbsp; Wanna&nbsp;have&nbsp;more&nbsp;commission-free&nbsp;trades&nbsp;but&nbsp;your&nbsp;Tiger&nbsp;coins&nbsp;are&nbsp;not&nbsp;enough?&nbsp; <a href=\"https://www.tigerbrokers.com.sg/activity/forapp/guess-up-down/#/\" target=\"_blank\">Come&nbsp;join&nbsp;this&nbsp;game&nbsp;to&nbsp;win&nbsp;commission-free&nbsp;trades&nbsp;&amp;&nbsp;MILLIONS&nbsp;OF&nbsp;Tiger&nbsp;coins!&nbsp;&nbsp;&nbsp;</a> 1.&nbsp;How&nbsp;to&nbsp;Participate?&nbsp; From 02:00:00 pm to 11:30:00 pm (GMT+8) on a prediction day, a client may submit his/her prediction of the price movement of the S&amp;P 500 by contributing Tiger coins, the result of which will be announced approximately 15 minutes after the US stock market closes (04:00:00 am in Daylight Saving Time, 05:00:00 am in Standard T","listText":"Hello,&nbsp;dear&nbsp;Tigers!&nbsp; Wanna&nbsp;have&nbsp;more&nbsp;commission-free&nbsp;trades&nbsp;but&nbsp;your&nbsp;Tiger&nbsp;coins&nbsp;are&nbsp;not&nbsp;enough?&nbsp; <a href=\"https://www.tigerbrokers.com.sg/activity/forapp/guess-up-down/#/\" target=\"_blank\">Come&nbsp;join&nbsp;this&nbsp;game&nbsp;to&nbsp;win&nbsp;commission-free&nbsp;trades&nbsp;&amp;&nbsp;MILLIONS&nbsp;OF&nbsp;Tiger&nbsp;coins!&nbsp;&nbsp;&nbsp;</a> 1.&nbsp;How&nbsp;to&nbsp;Participate?&nbsp; From 02:00:00 pm to 11:30:00 pm (GMT+8) on a prediction day, a client may submit his/her prediction of the price movement of the S&amp;P 500 by contributing Tiger coins, the result of which will be announced approximately 15 minutes after the US stock market closes (04:00:00 am in Daylight Saving Time, 05:00:00 am in Standard T","text":"Hello, dear Tigers! Wanna have more commission-free trades but your Tiger coins are not enough? Come join this game to win commission-free trades & MILLIONS OF Tiger coins! 1. How to Participate? From 02:00:00 pm to 11:30:00 pm (GMT+8) on a prediction day, a client may submit his/her prediction of the price movement of the S&P 500 by contributing Tiger coins, the result of which will be announced approximately 15 minutes after the US stock market closes (04:00:00 am in Daylight Saving Time, 05:00:00 am in Standard T","images":[],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/147198981","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2982,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":891584854,"gmtCreate":1628400355778,"gmtModify":1631891651475,"author":{"id":"3581490701663973","authorId":"3581490701663973","name":"PriceInvest","avatar":"https://static.tigerbbs.com/b136e732ddb8c13bbb2656750a3f72a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581490701663973","idStr":"3581490701663973"},"themes":[],"htmlText":"[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;","listText":"[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;","text":"[得意] [得意] [得意] [得意] [得意]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/891584854","repostId":"1180529438","repostType":4,"repost":{"id":"1180529438","kind":"news","pubTimestamp":1628386129,"share":"https://www.laohu8.com/m/news/1180529438?lang=zh_CN&edition=full","pubTime":"2021-08-08 09:28","market":"us","language":"en","title":"SEC Moves First DeFi Unregistered Securities Lawsuit<blockquote>SEC提起首起DeFi未注册证券诉讼</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1180529438","media":"Benzinga","summary":"The United States Securities and Exchange Commission  sued the organization responsible for the development of a decentralized finance  protocol over activities involved with the project for the first time.What Happened: According to a Friday SEC announcement, the agency has sued Cayman Islands-based Blockchain Credit Partners and two of its top executives over allegedly selling unregistered securities through its DeFi Money Market platform from February 2020 to February 2021. The firm purported","content":"<p><div> The United States Securities and Exchange Commission (SEC) sued the organization responsible for the development of a decentralized finance (DeFi) protocol over activities involved with the project ...</p><p><blockquote><div>美国证券交易委员会（SEC）就该项目涉及的活动起诉了负责开发分散金融（DeFi）协议的组织...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/markets/cryptocurrency/21/08/22378359/sec-moves-first-defi-unregistered-securities-lawsuit\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/markets/cryptocurrency/21/08/22378359/sec-moves-first-defi-unregistered-securities-lawsuit\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","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>SEC Moves First DeFi Unregistered Securities Lawsuit<blockquote>SEC提起首起DeFi未注册证券诉讼</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\">\nSEC Moves First DeFi Unregistered Securities Lawsuit<blockquote>SEC提起首起DeFi未注册证券诉讼</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-08-08 09:28</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> The United States Securities and Exchange Commission (SEC) sued the organization responsible for the development of a decentralized finance (DeFi) protocol over activities involved with the project ...</p><p><blockquote><div>美国证券交易委员会（SEC）就该项目涉及的活动起诉了负责开发分散金融（DeFi）协议的组织...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/markets/cryptocurrency/21/08/22378359/sec-moves-first-defi-unregistered-securities-lawsuit\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/markets/cryptocurrency/21/08/22378359/sec-moves-first-defi-unregistered-securities-lawsuit\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/markets/cryptocurrency/21/08/22378359/sec-moves-first-defi-unregistered-securities-lawsuit\">Benzinga</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":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.benzinga.com/markets/cryptocurrency/21/08/22378359/sec-moves-first-defi-unregistered-securities-lawsuit","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180529438","content_text":"The United States Securities and Exchange Commission (SEC) sued the organization responsible for the development of a decentralized finance (DeFi) protocol over activities involved with the project for the first time.\nWhat Happened: According to a Friday SEC announcement, the agency has sued Cayman Islands-based Blockchain Credit Partners and two of its top executives over allegedly selling unregistered securities through its DeFi Money Market platform from February 2020 to February 2021. The firm purportedly sold over $30 million worth of two types of tokens that the SEC deemed to be securities that should have been registered as such.\nThe SEC notes that Blockchain Credit Partners founders Gregory Keough and Derek Acree will have to pay fines of $125,000 while the company itself also agreed to pay $12.8 million in disgorgement. The settlement does not indicate an admition or denial the accusations.\nNew Game, Old Rules?\nSEC Enforcement Director Gurbir Grewal explained that \"full and honest disclosure remains the cornerstone of our securities laws — no matter what technologies are used to offer and sell those securities.\" This comment makes it very clear that slapping the DeFi label on a project and hoping to avoid regulation this way works no better than calling it a \"utility token\" prevented falling under the SEC's scrutiny during 2017's initial coin offering craze.\nThe SEC is trying to send the clear rule that the new kind of financial organizations that operate on blockchains have to still play by the old rules that govern traditional finance. At the same time, market onlookers are not sure if the regulator is actually right.\nIn a way, it is a tour de force where the regulator wins every time it has a way to take enforcement action, but these new organizations potentially have a very real way to make enforcement impossible — or at the very least impractical. The only protection against enforcement by the SEC and other regulators is decentralization and the only reason why the SEC was able to act in this case is that a centralized organization such as Blockchain Credit Partners exists.\nWhat's Next:If no company exists and all that there is to a DeFi protocol is a set of smart contracts deployed on a blockchain by a group of anonymous developers scattered around the world there is very little that the SEC can do short of attacking the blockchain itself. This is where the decentralization of the underlying blockchain comes into play: will the regulators for instance be able to force Ethereum's (CRYPTO: ETH) core development team to write an update stopping such a project?\nIf the regulators would actually be able to force the blockchain's developers to write such an update, would node operators and miners or stakers adopt this software or would they refuse to? Such situations will be the real test of the decentralization and reliability of any blockchain that many are waiting to happen. Regulators are seeing power slipping away between their fingers like sand, and they are going to try to grab it.","news_type":1,"symbols_score_info":{"COIN":0.9}},"isVote":1,"tweetType":1,"viewCount":1955,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":877054244,"gmtCreate":1637848881485,"gmtModify":1637848881485,"author":{"id":"3581490701663973","authorId":"3581490701663973","name":"PriceInvest","avatar":"https://static.tigerbbs.com/b136e732ddb8c13bbb2656750a3f72a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581490701663973","idStr":"3581490701663973"},"themes":[],"htmlText":"[呆住]&nbsp;[呆住]&nbsp;[呆住]&nbsp;[呆住]&nbsp;[呆住]&nbsp;[呆住]&nbsp;[呆住]&nbsp;","listText":"[呆住]&nbsp;[呆住]&nbsp;[呆住]&nbsp;[呆住]&nbsp;[呆住]&nbsp;[呆住]&nbsp;[呆住]&nbsp;","text":"[呆住] [呆住] [呆住] [呆住] [呆住] [呆住] [呆住]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/877054244","repostId":"1105719077","repostType":4,"repost":{"id":"1105719077","kind":"news","pubTimestamp":1637845979,"share":"https://www.laohu8.com/m/news/1105719077?lang=zh_CN&edition=full","pubTime":"2021-11-25 21:12","market":"us","language":"en","title":"Stock Funds Took in More Cash in 2021 Than Two Decades Combined<blockquote>2021年股票基金吸收的现金超过二十年的总和</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1105719077","media":"Reuters","summary":"(Bloomberg) -- If there’s a single stat to capture the insatiable appetite for stocks this year, it’","content":"<p>(Bloomberg) -- If there’s a single stat to capture the insatiable appetite for stocks this year, it’s the sum of cash that went into equity funds.</p><p><blockquote>（彭博社）——如果有一个统计数据可以捕捉到今年人们对股票贪得无厌的兴趣，那就是流入股票基金的现金总额。</blockquote></p><p> Investors have poured almost $900 billion into equity exchange-traded and long-only funds in 2021 -- exceeding the combined total from the past 19 years -- according to analysts at Bank of America Corp. and EPFR Global.</p><p><blockquote>美国银行和EPFR Global的分析师表示，2021年，投资者向股票交易所交易和多头基金投入了近9000亿美元，超过了过去19年的总和。</blockquote></p><p> It’s a data point that underscores just how extraordinary and record-breaking this year has been. The combination of cheap money and an economy roaring out of the pandemic set the stage of an unstoppable rally, with frenzied retail trading and a lack of other good investment options adding fuel to the fire.</p><p><blockquote>这个数据点凸显了今年是多么非凡和破纪录。廉价资金和摆脱疫情的经济相结合，为不可阻挡的反弹奠定了基础，疯狂的零售交易和缺乏其他良好的投资选择更是火上浇油。</blockquote></p><p> The rally has left U.S. stocks teetering at record valuations and even some Wall Street analysts, usually a bullish cohort, are turning bearish for next year. For investors, the debate continues to be about how fast central banks will raise rates to combat sticky inflation, and how badly it could poentially erode economic growth.</p><p><blockquote>这次反弹导致美国股市在创纪录的估值上摇摇欲坠，甚至一些通常看涨的华尔街分析师也开始看跌明年。对于投资者来说，争论仍然是关于央行将以多快的速度加息以对抗粘性通胀，以及它可能在多大程度上严重削弱经济增长。</blockquote></p><p> One possible sign of skittishness: investors have pulled money from stock funds only twice this year, and the second time was in the past week. Equity funds had $2.7 billion outflows in the week through Nov. 23, according to BofA.</p><p><blockquote>一个可能的不安迹象是：投资者今年只从股票基金撤资两次，第二次是在过去一周。根据美国银行的数据，截至11月23日当周，股票基金流出27亿美元。</blockquote></p><p> Other highlights from BofA’s report:</p><p><blockquote>美国银行报告的其他亮点：</blockquote></p><p> <ul>  <li>The amount of money moving into the stock market dwarfed anything else this year. Bond funds attracted just $496 billion and money market funds received about $260 billion.</p><p><blockquote><ul><li>今年流入股市的资金量让其他任何东西都相形见绌。债券基金仅吸引了4960亿美元，货币市场基金获得了约2600亿美元。</li></ul></blockquote></p><p></li>  <li>ETFs continue to be the product of choice. Stock ETFs absorbed $785 billion inflows this year, compared with about $108 billion for long-only funds.</p><p><blockquote><li>ETF仍然是首选产品。股票ETF今年吸收了7850亿美元的资金流入，而仅做多基金的资金流入约为1080亿美元。</li></blockquote></p><p></li>  <li>Equity sectors that saw record investments in 2021 include financial, consumer, energy, materials, real estate and infrastructure. Tech and healthcare had their second-best year.</p><p><blockquote><li>2021年投资创纪录的股票行业包括金融、消费、能源、材料、房地产和基础设施。科技和医疗保健经历了第二好的一年。</li></blockquote></p><p></li> </ul></p><p><blockquote></blockquote></p><p></p>","source":"lsy1612507957220","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>Stock Funds Took in More Cash in 2021 Than Two Decades Combined<blockquote>2021年股票基金吸收的现金超过二十年的总和</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\">\nStock Funds Took in More Cash in 2021 Than Two Decades Combined<blockquote>2021年股票基金吸收的现金超过二十年的总和</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-11-25 21:12</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(Bloomberg) -- If there’s a single stat to capture the insatiable appetite for stocks this year, it’s the sum of cash that went into equity funds.</p><p><blockquote>（彭博社）——如果有一个统计数据可以捕捉到今年人们对股票贪得无厌的兴趣，那就是流入股票基金的现金总额。</blockquote></p><p> Investors have poured almost $900 billion into equity exchange-traded and long-only funds in 2021 -- exceeding the combined total from the past 19 years -- according to analysts at Bank of America Corp. and EPFR Global.</p><p><blockquote>美国银行和EPFR Global的分析师表示，2021年，投资者向股票交易所交易和多头基金投入了近9000亿美元，超过了过去19年的总和。</blockquote></p><p> It’s a data point that underscores just how extraordinary and record-breaking this year has been. The combination of cheap money and an economy roaring out of the pandemic set the stage of an unstoppable rally, with frenzied retail trading and a lack of other good investment options adding fuel to the fire.</p><p><blockquote>这个数据点凸显了今年是多么非凡和破纪录。廉价资金和摆脱疫情的经济相结合，为不可阻挡的反弹奠定了基础，疯狂的零售交易和缺乏其他良好的投资选择更是火上浇油。</blockquote></p><p> The rally has left U.S. stocks teetering at record valuations and even some Wall Street analysts, usually a bullish cohort, are turning bearish for next year. For investors, the debate continues to be about how fast central banks will raise rates to combat sticky inflation, and how badly it could poentially erode economic growth.</p><p><blockquote>这次反弹导致美国股市在创纪录的估值上摇摇欲坠，甚至一些通常看涨的华尔街分析师也开始看跌明年。对于投资者来说，争论仍然是关于央行将以多快的速度加息以对抗粘性通胀，以及它可能在多大程度上严重削弱经济增长。</blockquote></p><p> One possible sign of skittishness: investors have pulled money from stock funds only twice this year, and the second time was in the past week. Equity funds had $2.7 billion outflows in the week through Nov. 23, according to BofA.</p><p><blockquote>一个可能的不安迹象是：投资者今年只从股票基金撤资两次，第二次是在过去一周。根据美国银行的数据，截至11月23日当周，股票基金流出27亿美元。</blockquote></p><p> Other highlights from BofA’s report:</p><p><blockquote>美国银行报告的其他亮点：</blockquote></p><p> <ul>  <li>The amount of money moving into the stock market dwarfed anything else this year. Bond funds attracted just $496 billion and money market funds received about $260 billion.</p><p><blockquote><ul><li>今年流入股市的资金量让其他任何东西都相形见绌。债券基金仅吸引了4960亿美元，货币市场基金获得了约2600亿美元。</li></ul></blockquote></p><p></li>  <li>ETFs continue to be the product of choice. Stock ETFs absorbed $785 billion inflows this year, compared with about $108 billion for long-only funds.</p><p><blockquote><li>ETF仍然是首选产品。股票ETF今年吸收了7850亿美元的资金流入，而仅做多基金的资金流入约为1080亿美元。</li></blockquote></p><p></li>  <li>Equity sectors that saw record investments in 2021 include financial, consumer, energy, materials, real estate and infrastructure. Tech and healthcare had their second-best year.</p><p><blockquote><li>2021年投资创纪录的股票行业包括金融、消费、能源、材料、房地产和基础设施。科技和医疗保健经历了第二好的一年。</li></blockquote></p><p></li> </ul></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/stock-funds-took-more-cash-103131216.html\">Reuters</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":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://finance.yahoo.com/news/stock-funds-took-more-cash-103131216.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105719077","content_text":"(Bloomberg) -- If there’s a single stat to capture the insatiable appetite for stocks this year, it’s the sum of cash that went into equity funds.\nInvestors have poured almost $900 billion into equity exchange-traded and long-only funds in 2021 -- exceeding the combined total from the past 19 years -- according to analysts at Bank of America Corp. and EPFR Global.\nIt’s a data point that underscores just how extraordinary and record-breaking this year has been. The combination of cheap money and an economy roaring out of the pandemic set the stage of an unstoppable rally, with frenzied retail trading and a lack of other good investment options adding fuel to the fire.\nThe rally has left U.S. stocks teetering at record valuations and even some Wall Street analysts, usually a bullish cohort, are turning bearish for next year. For investors, the debate continues to be about how fast central banks will raise rates to combat sticky inflation, and how badly it could poentially erode economic growth.\nOne possible sign of skittishness: investors have pulled money from stock funds only twice this year, and the second time was in the past week. Equity funds had $2.7 billion outflows in the week through Nov. 23, according to BofA.\nOther highlights from BofA’s report:\n\nThe amount of money moving into the stock market dwarfed anything else this year. Bond funds attracted just $496 billion and money market funds received about $260 billion.\nETFs continue to be the product of choice. Stock ETFs absorbed $785 billion inflows this year, compared with about $108 billion for long-only funds.\nEquity sectors that saw record investments in 2021 include financial, consumer, energy, materials, real estate and infrastructure. Tech and healthcare had their second-best year.","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":4286,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":830090872,"gmtCreate":1628991815496,"gmtModify":1631891651464,"author":{"id":"3581490701663973","authorId":"3581490701663973","name":"PriceInvest","avatar":"https://static.tigerbbs.com/b136e732ddb8c13bbb2656750a3f72a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581490701663973","idStr":"3581490701663973"},"themes":[],"htmlText":"[流泪]&nbsp;[流泪]&nbsp;[流泪]&nbsp;[流泪]&nbsp;[流泪]&nbsp;[流泪]&nbsp;[流泪]&nbsp;","listText":"[流泪]&nbsp;[流泪]&nbsp;[流泪]&nbsp;[流泪]&nbsp;[流泪]&nbsp;[流泪]&nbsp;[流泪]&nbsp;","text":"[流泪] [流泪] [流泪] [流泪] [流泪] [流泪] [流泪]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/830090872","repostId":"1133270372","repostType":4,"repost":{"id":"1133270372","kind":"news","pubTimestamp":1628988501,"share":"https://www.laohu8.com/m/news/1133270372?lang=zh_CN&edition=full","pubTime":"2021-08-15 08:48","market":"us","language":"en","title":"Where Will Plug Power Be In 10 Years?<blockquote>10年后的普拉格能源会在哪里？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1133270372","media":"seekingalpha","summary":"Summary\n\nPlug Power is active in an attractive industry with huge growth tailwinds.\nIt serves low-ri","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Plug Power is active in an attractive industry with huge growth tailwinds.</li>  <li>It serves low-risk customers and has a strong position in its industry.</li>  <li>Shares are pricing in a lot of future growth, and investors should consider what actual per-share returns might look like before deploying money at current valuations.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2fa1aea5535d99338f385c168062b218\" tg-width=\"1536\" tg-height=\"852\" referrerpolicy=\"no-referrer\"><span>Fokusiert/iStock via Getty Images</span></p><p><blockquote><ul><li>普拉格能源活跃在一个具有巨大增长动力的有吸引力的行业中。</li><li>它服务于低风险客户，在行业中拥有强大的地位。</li><li>股价反映了未来的大量增长，投资者在以当前估值配置资金之前应该考虑实际每股回报可能是什么样子。</li></ul><p class=\"t-img-caption\"><span>Fokusiert/iStock来自Getty Images</span></p></blockquote></p><p> <b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p> Plug Power, Inc. (PLUG) is active in a high-growth industry, which translates into a strong long-term business growth outlook, as long as the company can capitalize on its goals and management executes well. The company is, however, not profitable yet, and the path to meaningful net profits holds some uncertainties still. Taking a longer-term view, we can expect that Plug Power will generate positive net profits despite the fact that shares are valuing the company at a relatively high current valuation. From a risk-reward standpoint, there may be better picks available, though, despite the fact that I believe that shares will trade materially higher in 2031.</p><p><blockquote>普拉格能源公司（PLUG）活跃于高增长行业，只要公司能够实现其目标并且管理层执行良好，这就意味着强劲的长期业务增长前景。然而，该公司尚未盈利，实现有意义的净利润的道路仍然存在一些不确定性。从更长远的角度来看，我们可以预计普拉格能源将产生正的净利润，尽管该公司目前的估值相对较高。不过，从风险回报的角度来看，可能有更好的选择，尽管我相信2031年股价将大幅走高。</blockquote></p><p> <b>Plug Power Stock Price</b></p><p><blockquote><b>普拉格能源股价</b></blockquote></p><p> Plug Power, Inc. has seen its share price move up and down violently over the last year:</p><p><blockquote>去年，普拉格能源公司的股价剧烈上下波动：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d940297249151eddcccf6440d20ef031\" tg-width=\"635\" tg-height=\"417\" 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> Shares trade 130% higher than 12 months ago, but at the same time, shares trade at just one-third of the all-time high today. In early 2021, shares exploded upwards at a time when other renewable/new energy and related stocks, including EV plays, benefited from massive investor enthusiasm. Since then, enthusiasm seems to have cooled, and shares have reverted back to the $20s. At current prices, Plug Power, Inc. is valued at $16 billion based on a diluted share count of a little less than 600 million. Analysts are pretty bullish on the stock right now, as the consensus price target of $41 implies an upside potential of around 50% from current prices throughout the next year. It should be noted, however, that the analyst consensus price target has been lowered in recent months, and may continue to be lowered going forward. Due to non-existent profits PLUG can't be valued on an earnings basis, but shares trade for around 30x this year's revenue, which is quite expensive.</p><p><blockquote>股价比12个月前上涨了130%，但与此同时，股价仅为今天历史高点的三分之一。2021年初，其他可再生能源/新能源及相关股票（包括电动汽车）受益于投资者的巨大热情，股价大幅上涨。此后，热情似乎有所降温，股价又回到了20多美元。按目前价格计算，普拉格能源公司的估值为160亿美元，稀释后的股票数量略低于6亿股。分析师目前非常看好该股，因为41美元的一致目标价意味着明年较当前价格有50%左右的上涨潜力。但值得注意的是，近几个月来分析师一致的目标价已被下调，并且未来可能会继续下调。由于不存在利润，PLUG无法以盈利为基础进行估值，但股价约为今年收入的30倍，这相当昂贵。</blockquote></p><p> <b>Plug Power Stock Prediction</b></p><p><blockquote><b>普拉格能源股票预测</b></blockquote></p><p> Plug Power, Inc. is active in an absolute growth industry, as hydrogen fuel cells will see huge demand growth in coming years as they allow for an environmentally friendly alternative to other fuels. Plug Power, as a turnkey provider in a market leadership position for this technology, is well-positioned to capitalize on this megatrend. Through a network of global partnerships, including with Brookfield Renewable Partners (BEP), Plug Power is working on growing the green hydrogen industryglobally:</p><p><blockquote>普拉格能源公司活跃在一个绝对增长的行业，因为氢燃料电池将在未来几年看到巨大的需求增长，因为它们允许作为其他燃料的环保替代品。普拉格能源作为该技术市场领先地位的交钥匙供应商，完全有能力利用这一大趋势。通过包括Brookfield Renewable Partners(BEP)在内的全球合作伙伴网络，普拉格能源正在致力于在全球范围内发展绿色氢产业：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/91a8e3b57882e429c9eace431bd1f541\" tg-width=\"640\" tg-height=\"350\" width=\"100%\" height=\"auto\"><span>Source: Plug Power presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：普拉格能源演示</span></p></blockquote></p><p> Plug Power's green hydrogen can be used for powering trucks, busses, and other vehicles, while the company is also providing environmentally friendly alternatives to diesel generators in the megawatt scale range that can be used by utilities, for example. The company is, on top of that, also working on other ventures that are not ready to be commercialized yet, such as powering aircraft with hydrogen. Plug Power will have at least 5 hydrogen plants running in the US in 2024, i.e. three years from now, with more projects being in the pipeline both in the US and in overseas markets such as Europe.</p><p><blockquote>普拉格能源的绿色氢可用于为卡车、公共汽车和其他车辆提供动力，同时该公司还为公用事业公司使用的兆瓦级柴油发电机提供环保替代品。除此之外，该公司还致力于其他尚未准备好商业化的项目，例如用氢气为飞机提供动力。到2024年，即三年后，普拉格能源将在美国至少有5座制氢工厂投入运营，美国和欧洲等海外市场还有更多项目正在酝酿中。</blockquote></p><p> 80% of Plug Power's customers are what the company calls blue chip customers, which includes companies such as Amazon (AMZN). These companies are oftentimes highly inclined to improve their CO2 footprint in order to receive better ESG ratings, and at the same time, these are low-risk customers as their strong balance sheets and cash flows mean that the risk of liquidity or solvency issues is negligible. Overall, Plug Power thus works with attractive counterparts, and their financial firepower means that Plug Power is not forced to sell its products at bargain prices, which is why the company has been able to generate relatively attractive product gross margins in the 30s in recent quarters.</p><p><blockquote>普拉格能源80%的客户是该公司的评级蓝筹客户，其中包括亚马逊（AMZN）等公司。这些公司通常非常倾向于改善其二氧化碳足迹，以获得更好的ESG评级，同时，这些公司是低风险客户，因为其强劲的资产负债表和现金流意味着流动性或偿付能力问题的风险可以忽略不计。总体而言，普拉格能源因此与有吸引力的同行合作，他们的财务火力意味着普拉格能源不会被迫以便宜的价格出售其产品，这就是为什么该公司最近几个季度能够产生相对有吸引力的产品毛利率在30年代。</blockquote></p><p></p><p> Due to the still relatively small scale of the company, Plug Power is not profitable on a net basis or operating basis, however. The company's operating expenses, relative to the revenues that Plug Power generates, are still too high for now. This should, however, change over time, as operating leverage and improving product margins should allow Plug Power to grow gross profits relative to operating expenses, which will result in improving profitability. Analysts are currently predicting positive net profits for fiscal 2024, or three years from now. It would, of course, be better if Plug Power had hit that point already, but for long-term oriented investors, two more years of negative profits will not be a disaster.</p><p><blockquote>然而，由于公司规模仍然相对较小，普拉格能源在净利润或运营基础上均未盈利。相对于普拉格能源产生的收入，该公司的运营费用目前仍然过高。然而，这种情况应该会随着时间的推移而改变，因为运营杠杆和产品利润率的提高应该会使普拉格能源的毛利润相对于运营费用增长，从而提高盈利能力。分析师目前预测2024财年（即三年后）净利润为正。当然，如果普拉格能源已经达到了这一点，那就更好了，但对于注重长期的投资者来说，再有两年的负利润并不是一场灾难。</blockquote></p><p> When investing in a company such as Plug Power, the very near term is not too relevant, but what matters more is the longer-term potential of the company to grow its revenue and profits. Through the combination of ESG tailwinds, massive market growth, and its market leadership position, Plug Power seems to be well-positioned to grow its revenue for many years to come:</p><p><blockquote>在投资普拉格能源这样的公司时，短期并不太重要，但更重要的是公司收入和利润增长的长期潜力。通过ESG顺风、大规模市场增长及其市场领导地位的结合，普拉格能源似乎处于有利地位，可以在未来许多年增加收入：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4d6f0576ba51f219d85b18d90ccaf6f4\" tg-width=\"640\" tg-height=\"628\" width=\"100%\" height=\"auto\"><span>Source:Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：寻求阿尔法</span></p></blockquote></p><p> Analysts are currently predicting that revenues will grow at 50%+ a year over the next three years, while growth is forecasted to remain almost 30% through at least 2030, which equates to a highly attractive long-term growth outlook. There are, of course, no guarantees that this will indeed happen, as some risks to the business model remain. The company is not profitable yet, thus funding of future growth projects could theoretically become a problem. On top of that, it is possible that other players with deep pockets will try to disrupt the market or gain market share. The risk of that is, I believe, due to Plug Power's leadership position, not very large. But should the market become more competitive, non-profitable Plug Power might run into problems if it were to run into market share fights that could pressure margins.</p><p><blockquote>分析师目前预测，未来三年收入将以每年50%以上的速度增长，而至少到2030年，增长率预计将保持近30%，这相当于极具吸引力的长期增长前景。当然，不能保证这种情况确实会发生，因为商业模式的一些风险仍然存在。该公司尚未盈利，因此未来增长项目的资金理论上可能会成为一个问题。最重要的是，其他财力雄厚的参与者可能会试图扰乱市场或获得市场份额。我相信，由于普拉格能源的领导地位，这种风险并不是很大。但如果市场竞争变得更加激烈，非盈利的普拉格能源如果遭遇市场份额争夺战，可能会给利润率带来压力，可能会遇到问题。</blockquote></p><p> Some execution risks do thus remain for sure, and investors shouldn't see the above growth projections as crystal-clear forecasts that are infallible. Instead, however, the above predictions showcase what a base-case scenario could look like, and actual results might be better or worse than that. Overall, it can be said that the longer-term outlook for Plug Power's business is excellent, as the company should be able to grow at an attractive pace for many years to come, as investors, companies, and consumers put more and more emphasis on a smaller carbon footprint. Obvious growth prospects for an industry do not, however, automatically translate into share price gains. Those that bought shares of Cisco (CSCO) at the highs during the dot.com bubble, for example, are still in the red today, 22 years later, despite the massive growth the business has experienced in that time frame. Valuations should be considered as well, and Plug Power is far from cheap today.</p><p><blockquote>因此，一些执行风险确实仍然存在，投资者不应将上述增长预测视为绝对可靠的清晰预测。然而，相反，上述预测展示了基本情况可能是什么样子，实际结果可能比这更好或更差。总体而言，可以说普拉格能源业务的长期前景非常好，因为随着投资者、公司和消费者越来越重视更小的碳足迹，该公司应该能够在未来许多年以有吸引力的速度增长。然而，一个行业明显的增长前景并不会自动转化为股价上涨。例如，那些在互联网泡沫期间高位购买思科(CSCO)股票的公司，尽管该业务在此期间经历了巨大增长，但22年后的今天仍然处于亏损状态。估值也应该考虑，普拉格能源今天的价格远非便宜。</blockquote></p><p> <b>Plug Power Stock Forecast For 2030</b></p><p><blockquote><b>2030年普拉格能源股票预测</b></blockquote></p><p> Today, Plug Power is trading for around 32x this year's expected revenue. If that was an earnings multiple, the stock still wouldn't be especially cheap, relative to how the average company is valued. At more than 30x sales, shares do seem very expensive. When we consider PLUG's growth outlook over the coming decade, that is relativized to some degree, but I believe that shares are still trading above fair value.</p><p><blockquote>如今，普拉格能源的股价约为今年预期收入的32倍。如果这是市盈率，相对于公司的平均估值，该股仍然不会特别便宜。以超过30倍的销售额计算，股价确实看起来非常昂贵。当我们考虑PLUG未来十年的增长前景时，这在某种程度上是相对的，但我相信股价仍高于公允价值。</blockquote></p><p> If the analyst consensus estimate for 2030's revenues is correct, at $10.5 billion, then shares are trading at around 1.5x 2030's revenue right now. Many industrial names are trading for 1x to 2x this year's revenue right now, which indicates how much future growth is priced into PLUG's stock already. One can, of course, argue that PLUG's growth outlook in 2030 is likely still better than that of the average company today, as it seems very much possible for PLUG to grow at a double-digit rate well beyond 2030. But still, shares upside for PLUG's shares is not too great over the coming decade, I believe.</p><p><blockquote>如果分析师对2030年收入的一致估计是正确的，为105亿美元，那么目前股价的交易价格约为2030年收入的1.5倍。许多工业公司目前的交易价格是今年收入的1至2倍，这表明PLUG的股票已经反映了未来的增长。当然，人们可以说，PLUG在2030年的增长前景可能仍好于当今的普通公司，因为PLUG很有可能在2030年之后以两位数的速度增长。但我相信，PLUG股价在未来十年的上涨空间不会太大。</blockquote></p><p></p><p> If PLUG were to trade at a still relatively steep 3.5x revenue in 2030, this gets us to a market cap estimate of around $37billion, or roughly 2.3x as much as today. PLUG's share count will, however, not stay unchanged over the next decade, which is why returns on a per-share basis will be lower than that. If we assume that the share count climbs by just 2% a year, 2030's share count will stand at a little above 700 million. At a $37 billion market capitalization, each individual stock would then trade at around $53, which would mean a return of ~100% from today. On an annual basis, this would equate to returns of 8%. 8% annual returns are far from bad, but many things have to go right for that to happen -- PLUG has to execute well, deliver on growth projects, and avoid massive share issuance. When we also consider that this estimate requires a still rather high 3.5x sales multiple in 2030, then those returns are not great enough to warrant a buy rating, I believe. It would be different of 8% returns could come from a very de-risked blue chip with very low uncertainties, but that is not the case here. For reference, if PLUG executes well and hits growth estimates, but its shares trade for 2.5x sales in 2030, then the share price, assuming 2% annual dilution, would be $37, which would equate to just 4% annual returns. PLUG's share count has risen by around 50% over the last year alone, and even though I don't expect similar dilution in coming years, it is at least possible for PLUG's share count to rise by significantly more than 2% a year, which would pressure returns further.</p><p><blockquote>如果PLUG在2030年的交易收入仍然相对较高的3.5倍，那么我们的市值估计约为370亿美元，大约是今天的2.3倍。然而，PLUG的股票数量在未来十年不会保持不变，这就是为什么每股回报率将低于这一数字。如果我们假设股票数量每年仅增长2%，那么2030年的股票数量将略高于7亿股。在370亿美元的市值下，每只股票的交易价格约为53美元，这意味着从今天起的回报率约为100%。按年计算，这相当于8%的回报率。8%的年回报率远非坏事，但要实现这一目标，许多事情必须顺利进行——PLUG必须执行良好，交付增长项目，并避免大规模股票发行。当我们还考虑到这一估计需要2030年仍然相当高的3.5倍销售倍数时，我相信这些回报还不足以保证买入评级。8%的回报可能来自风险非常低、不确定性非常低的蓝筹股，但这里的情况并非如此。作为参考，如果PLUG执行良好并达到增长预期，但其股价在2030年的交易价格为销售额的2.5倍，那么假设年稀释2%，股价将为37美元，这相当于年回报率仅为4%。仅去年一年，PLUG的股票数量就增加了约50%，尽管我预计未来几年不会出现类似的稀释，但PLUG的股票数量至少有可能每年大幅增加2%以上，这将进一步给回报带来压力。</blockquote></p><p> Overall, I do not believe that investors will lose money with PLUG over the next decade or more. But I also do not believe that investors will see very attractive returns in that time frame, despite the fact that Plug Power's underlying business growth outlook is highly attractive. Shares are pricing in a lot of future growth already, and I believe that returns in the sub-10% range can also be generated through lower-risk investments, with less volatile stocks.</p><p><blockquote>总体而言，我不认为投资者在未来十年或更长时间内会因PLUG而亏损。但我也不相信投资者会在这段时间内看到非常有吸引力的回报，尽管普拉格能源的基本业务增长前景非常有吸引力。股票已经反映了未来的大量增长，我相信通过风险较低、股票波动性较小的投资也可以产生低于10%的回报。</blockquote></p><p> <b>Conclusion: Where Could Plug Power Be In 10 Years?</b></p><p><blockquote><b>结论：10年后普拉格能源会在哪里？</b></blockquote></p><p> One can't know that today, but we can make educated guesses. According to may scenarios laid out above, PLUG could trade at $37-$55 in 2030, factoring in another year of growth, we could end up at $40-$60 in 2031, I believe -- if many things go right. In case there are major hiccups with growth projects, or if the share count rises more than expected, these estimates may be too high.</p><p><blockquote>今天人们无法知道这一点，但我们可以做出有根据的猜测。根据上面列出的5月份情景，PLUG在2030年的交易价格可能为37-55美元，考虑到又一年的增长，我相信，如果很多事情进展顺利，我们在2031年的交易价格可能会达到40-60美元。如果增长项目出现重大问题，或者股票数量增长超过预期，这些估计可能会过高。</blockquote></p><p> Overall, I believe that there is considerable long-term upside potential for PLUG's shares, but expected returns in the mid-to-high-single digits range are not gigantic, and the same returns can be generated through more mature, less volatile investments with fewer uncertainties and less execution risk. I thus do think that PLUG is not a buy right here, even though I like the company's growth prospects and its position in an attractive industry.</p><p><blockquote>总体而言，我认为PLUG的股票有相当大的长期上涨潜力，但中高个位数范围的预期回报并不巨大，通过更成熟、波动性更小的投资可以产生相同的回报，不确定性更少，执行风险更小。因此，我确实认为PLUG在这里不值得买入，尽管我喜欢该公司的增长前景及其在有吸引力的行业中的地位。</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>Where Will Plug Power Be In 10 Years?<blockquote>10年后的普拉格能源会在哪里？</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\">\nWhere Will Plug Power Be In 10 Years?<blockquote>10年后的普拉格能源会在哪里？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-08-15 08:48</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>Plug Power is active in an attractive industry with huge growth tailwinds.</li>  <li>It serves low-risk customers and has a strong position in its industry.</li>  <li>Shares are pricing in a lot of future growth, and investors should consider what actual per-share returns might look like before deploying money at current valuations.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2fa1aea5535d99338f385c168062b218\" tg-width=\"1536\" tg-height=\"852\" referrerpolicy=\"no-referrer\"><span>Fokusiert/iStock via Getty Images</span></p><p><blockquote><ul><li>普拉格能源活跃在一个具有巨大增长动力的有吸引力的行业中。</li><li>它服务于低风险客户，在行业中拥有强大的地位。</li><li>股价反映了未来的大量增长，投资者在以当前估值配置资金之前应该考虑实际每股回报可能是什么样子。</li></ul><p class=\"t-img-caption\"><span>Fokusiert/iStock来自Getty Images</span></p></blockquote></p><p> <b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p> Plug Power, Inc. (PLUG) is active in a high-growth industry, which translates into a strong long-term business growth outlook, as long as the company can capitalize on its goals and management executes well. The company is, however, not profitable yet, and the path to meaningful net profits holds some uncertainties still. Taking a longer-term view, we can expect that Plug Power will generate positive net profits despite the fact that shares are valuing the company at a relatively high current valuation. From a risk-reward standpoint, there may be better picks available, though, despite the fact that I believe that shares will trade materially higher in 2031.</p><p><blockquote>普拉格能源公司（PLUG）活跃于高增长行业，只要公司能够实现其目标并且管理层执行良好，这就意味着强劲的长期业务增长前景。然而，该公司尚未盈利，实现有意义的净利润的道路仍然存在一些不确定性。从更长远的角度来看，我们可以预计普拉格能源将产生正的净利润，尽管该公司目前的估值相对较高。不过，从风险回报的角度来看，可能有更好的选择，尽管我相信2031年股价将大幅走高。</blockquote></p><p> <b>Plug Power Stock Price</b></p><p><blockquote><b>普拉格能源股价</b></blockquote></p><p> Plug Power, Inc. has seen its share price move up and down violently over the last year:</p><p><blockquote>去年，普拉格能源公司的股价剧烈上下波动：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d940297249151eddcccf6440d20ef031\" tg-width=\"635\" tg-height=\"417\" 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> Shares trade 130% higher than 12 months ago, but at the same time, shares trade at just one-third of the all-time high today. In early 2021, shares exploded upwards at a time when other renewable/new energy and related stocks, including EV plays, benefited from massive investor enthusiasm. Since then, enthusiasm seems to have cooled, and shares have reverted back to the $20s. At current prices, Plug Power, Inc. is valued at $16 billion based on a diluted share count of a little less than 600 million. Analysts are pretty bullish on the stock right now, as the consensus price target of $41 implies an upside potential of around 50% from current prices throughout the next year. It should be noted, however, that the analyst consensus price target has been lowered in recent months, and may continue to be lowered going forward. Due to non-existent profits PLUG can't be valued on an earnings basis, but shares trade for around 30x this year's revenue, which is quite expensive.</p><p><blockquote>股价比12个月前上涨了130%，但与此同时，股价仅为今天历史高点的三分之一。2021年初，其他可再生能源/新能源及相关股票（包括电动汽车）受益于投资者的巨大热情，股价大幅上涨。此后，热情似乎有所降温，股价又回到了20多美元。按目前价格计算，普拉格能源公司的估值为160亿美元，稀释后的股票数量略低于6亿股。分析师目前非常看好该股，因为41美元的一致目标价意味着明年较当前价格有50%左右的上涨潜力。但值得注意的是，近几个月来分析师一致的目标价已被下调，并且未来可能会继续下调。由于不存在利润，PLUG无法以盈利为基础进行估值，但股价约为今年收入的30倍，这相当昂贵。</blockquote></p><p> <b>Plug Power Stock Prediction</b></p><p><blockquote><b>普拉格能源股票预测</b></blockquote></p><p> Plug Power, Inc. is active in an absolute growth industry, as hydrogen fuel cells will see huge demand growth in coming years as they allow for an environmentally friendly alternative to other fuels. Plug Power, as a turnkey provider in a market leadership position for this technology, is well-positioned to capitalize on this megatrend. Through a network of global partnerships, including with Brookfield Renewable Partners (BEP), Plug Power is working on growing the green hydrogen industryglobally:</p><p><blockquote>普拉格能源公司活跃在一个绝对增长的行业，因为氢燃料电池将在未来几年看到巨大的需求增长，因为它们允许作为其他燃料的环保替代品。普拉格能源作为该技术市场领先地位的交钥匙供应商，完全有能力利用这一大趋势。通过包括Brookfield Renewable Partners(BEP)在内的全球合作伙伴网络，普拉格能源正在致力于在全球范围内发展绿色氢产业：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/91a8e3b57882e429c9eace431bd1f541\" tg-width=\"640\" tg-height=\"350\" width=\"100%\" height=\"auto\"><span>Source: Plug Power presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：普拉格能源演示</span></p></blockquote></p><p> Plug Power's green hydrogen can be used for powering trucks, busses, and other vehicles, while the company is also providing environmentally friendly alternatives to diesel generators in the megawatt scale range that can be used by utilities, for example. The company is, on top of that, also working on other ventures that are not ready to be commercialized yet, such as powering aircraft with hydrogen. Plug Power will have at least 5 hydrogen plants running in the US in 2024, i.e. three years from now, with more projects being in the pipeline both in the US and in overseas markets such as Europe.</p><p><blockquote>普拉格能源的绿色氢可用于为卡车、公共汽车和其他车辆提供动力，同时该公司还为公用事业公司使用的兆瓦级柴油发电机提供环保替代品。除此之外，该公司还致力于其他尚未准备好商业化的项目，例如用氢气为飞机提供动力。到2024年，即三年后，普拉格能源将在美国至少有5座制氢工厂投入运营，美国和欧洲等海外市场还有更多项目正在酝酿中。</blockquote></p><p> 80% of Plug Power's customers are what the company calls blue chip customers, which includes companies such as Amazon (AMZN). These companies are oftentimes highly inclined to improve their CO2 footprint in order to receive better ESG ratings, and at the same time, these are low-risk customers as their strong balance sheets and cash flows mean that the risk of liquidity or solvency issues is negligible. Overall, Plug Power thus works with attractive counterparts, and their financial firepower means that Plug Power is not forced to sell its products at bargain prices, which is why the company has been able to generate relatively attractive product gross margins in the 30s in recent quarters.</p><p><blockquote>普拉格能源80%的客户是该公司的评级蓝筹客户，其中包括亚马逊（AMZN）等公司。这些公司通常非常倾向于改善其二氧化碳足迹，以获得更好的ESG评级，同时，这些公司是低风险客户，因为其强劲的资产负债表和现金流意味着流动性或偿付能力问题的风险可以忽略不计。总体而言，普拉格能源因此与有吸引力的同行合作，他们的财务火力意味着普拉格能源不会被迫以便宜的价格出售其产品，这就是为什么该公司最近几个季度能够产生相对有吸引力的产品毛利率在30年代。</blockquote></p><p></p><p> Due to the still relatively small scale of the company, Plug Power is not profitable on a net basis or operating basis, however. The company's operating expenses, relative to the revenues that Plug Power generates, are still too high for now. This should, however, change over time, as operating leverage and improving product margins should allow Plug Power to grow gross profits relative to operating expenses, which will result in improving profitability. Analysts are currently predicting positive net profits for fiscal 2024, or three years from now. It would, of course, be better if Plug Power had hit that point already, but for long-term oriented investors, two more years of negative profits will not be a disaster.</p><p><blockquote>然而，由于公司规模仍然相对较小，普拉格能源在净利润或运营基础上均未盈利。相对于普拉格能源产生的收入，该公司的运营费用目前仍然过高。然而，这种情况应该会随着时间的推移而改变，因为运营杠杆和产品利润率的提高应该会使普拉格能源的毛利润相对于运营费用增长，从而提高盈利能力。分析师目前预测2024财年（即三年后）净利润为正。当然，如果普拉格能源已经达到了这一点，那就更好了，但对于注重长期的投资者来说，再有两年的负利润并不是一场灾难。</blockquote></p><p> When investing in a company such as Plug Power, the very near term is not too relevant, but what matters more is the longer-term potential of the company to grow its revenue and profits. Through the combination of ESG tailwinds, massive market growth, and its market leadership position, Plug Power seems to be well-positioned to grow its revenue for many years to come:</p><p><blockquote>在投资普拉格能源这样的公司时，短期并不太重要，但更重要的是公司收入和利润增长的长期潜力。通过ESG顺风、大规模市场增长及其市场领导地位的结合，普拉格能源似乎处于有利地位，可以在未来许多年增加收入：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4d6f0576ba51f219d85b18d90ccaf6f4\" tg-width=\"640\" tg-height=\"628\" width=\"100%\" height=\"auto\"><span>Source:Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：寻求阿尔法</span></p></blockquote></p><p> Analysts are currently predicting that revenues will grow at 50%+ a year over the next three years, while growth is forecasted to remain almost 30% through at least 2030, which equates to a highly attractive long-term growth outlook. There are, of course, no guarantees that this will indeed happen, as some risks to the business model remain. The company is not profitable yet, thus funding of future growth projects could theoretically become a problem. On top of that, it is possible that other players with deep pockets will try to disrupt the market or gain market share. The risk of that is, I believe, due to Plug Power's leadership position, not very large. But should the market become more competitive, non-profitable Plug Power might run into problems if it were to run into market share fights that could pressure margins.</p><p><blockquote>分析师目前预测，未来三年收入将以每年50%以上的速度增长，而至少到2030年，增长率预计将保持近30%，这相当于极具吸引力的长期增长前景。当然，不能保证这种情况确实会发生，因为商业模式的一些风险仍然存在。该公司尚未盈利，因此未来增长项目的资金理论上可能会成为一个问题。最重要的是，其他财力雄厚的参与者可能会试图扰乱市场或获得市场份额。我相信，由于普拉格能源的领导地位，这种风险并不是很大。但如果市场竞争变得更加激烈，非盈利的普拉格能源如果遭遇市场份额争夺战，可能会给利润率带来压力，可能会遇到问题。</blockquote></p><p> Some execution risks do thus remain for sure, and investors shouldn't see the above growth projections as crystal-clear forecasts that are infallible. Instead, however, the above predictions showcase what a base-case scenario could look like, and actual results might be better or worse than that. Overall, it can be said that the longer-term outlook for Plug Power's business is excellent, as the company should be able to grow at an attractive pace for many years to come, as investors, companies, and consumers put more and more emphasis on a smaller carbon footprint. Obvious growth prospects for an industry do not, however, automatically translate into share price gains. Those that bought shares of Cisco (CSCO) at the highs during the dot.com bubble, for example, are still in the red today, 22 years later, despite the massive growth the business has experienced in that time frame. Valuations should be considered as well, and Plug Power is far from cheap today.</p><p><blockquote>因此，一些执行风险确实仍然存在，投资者不应将上述增长预测视为绝对可靠的清晰预测。然而，相反，上述预测展示了基本情况可能是什么样子，实际结果可能比这更好或更差。总体而言，可以说普拉格能源业务的长期前景非常好，因为随着投资者、公司和消费者越来越重视更小的碳足迹，该公司应该能够在未来许多年以有吸引力的速度增长。然而，一个行业明显的增长前景并不会自动转化为股价上涨。例如，那些在互联网泡沫期间高位购买思科(CSCO)股票的公司，尽管该业务在此期间经历了巨大增长，但22年后的今天仍然处于亏损状态。估值也应该考虑，普拉格能源今天的价格远非便宜。</blockquote></p><p> <b>Plug Power Stock Forecast For 2030</b></p><p><blockquote><b>2030年普拉格能源股票预测</b></blockquote></p><p> Today, Plug Power is trading for around 32x this year's expected revenue. If that was an earnings multiple, the stock still wouldn't be especially cheap, relative to how the average company is valued. At more than 30x sales, shares do seem very expensive. When we consider PLUG's growth outlook over the coming decade, that is relativized to some degree, but I believe that shares are still trading above fair value.</p><p><blockquote>如今，普拉格能源的股价约为今年预期收入的32倍。如果这是市盈率，相对于公司的平均估值，该股仍然不会特别便宜。以超过30倍的销售额计算，股价确实看起来非常昂贵。当我们考虑PLUG未来十年的增长前景时，这在某种程度上是相对的，但我相信股价仍高于公允价值。</blockquote></p><p> If the analyst consensus estimate for 2030's revenues is correct, at $10.5 billion, then shares are trading at around 1.5x 2030's revenue right now. Many industrial names are trading for 1x to 2x this year's revenue right now, which indicates how much future growth is priced into PLUG's stock already. One can, of course, argue that PLUG's growth outlook in 2030 is likely still better than that of the average company today, as it seems very much possible for PLUG to grow at a double-digit rate well beyond 2030. But still, shares upside for PLUG's shares is not too great over the coming decade, I believe.</p><p><blockquote>如果分析师对2030年收入的一致估计是正确的，为105亿美元，那么目前股价的交易价格约为2030年收入的1.5倍。许多工业公司目前的交易价格是今年收入的1至2倍，这表明PLUG的股票已经反映了未来的增长。当然，人们可以说，PLUG在2030年的增长前景可能仍好于当今的普通公司，因为PLUG很有可能在2030年之后以两位数的速度增长。但我相信，PLUG股价在未来十年的上涨空间不会太大。</blockquote></p><p></p><p> If PLUG were to trade at a still relatively steep 3.5x revenue in 2030, this gets us to a market cap estimate of around $37billion, or roughly 2.3x as much as today. PLUG's share count will, however, not stay unchanged over the next decade, which is why returns on a per-share basis will be lower than that. If we assume that the share count climbs by just 2% a year, 2030's share count will stand at a little above 700 million. At a $37 billion market capitalization, each individual stock would then trade at around $53, which would mean a return of ~100% from today. On an annual basis, this would equate to returns of 8%. 8% annual returns are far from bad, but many things have to go right for that to happen -- PLUG has to execute well, deliver on growth projects, and avoid massive share issuance. When we also consider that this estimate requires a still rather high 3.5x sales multiple in 2030, then those returns are not great enough to warrant a buy rating, I believe. It would be different of 8% returns could come from a very de-risked blue chip with very low uncertainties, but that is not the case here. For reference, if PLUG executes well and hits growth estimates, but its shares trade for 2.5x sales in 2030, then the share price, assuming 2% annual dilution, would be $37, which would equate to just 4% annual returns. PLUG's share count has risen by around 50% over the last year alone, and even though I don't expect similar dilution in coming years, it is at least possible for PLUG's share count to rise by significantly more than 2% a year, which would pressure returns further.</p><p><blockquote>如果PLUG在2030年的交易收入仍然相对较高的3.5倍，那么我们的市值估计约为370亿美元，大约是今天的2.3倍。然而，PLUG的股票数量在未来十年不会保持不变，这就是为什么每股回报率将低于这一数字。如果我们假设股票数量每年仅增长2%，那么2030年的股票数量将略高于7亿股。在370亿美元的市值下，每只股票的交易价格约为53美元，这意味着从今天起的回报率约为100%。按年计算，这相当于8%的回报率。8%的年回报率远非坏事，但要实现这一目标，许多事情必须顺利进行——PLUG必须执行良好，交付增长项目，并避免大规模股票发行。当我们还考虑到这一估计需要2030年仍然相当高的3.5倍销售倍数时，我相信这些回报还不足以保证买入评级。8%的回报可能来自风险非常低、不确定性非常低的蓝筹股，但这里的情况并非如此。作为参考，如果PLUG执行良好并达到增长预期，但其股价在2030年的交易价格为销售额的2.5倍，那么假设年稀释2%，股价将为37美元，这相当于年回报率仅为4%。仅去年一年，PLUG的股票数量就增加了约50%，尽管我预计未来几年不会出现类似的稀释，但PLUG的股票数量至少有可能每年大幅增加2%以上，这将进一步给回报带来压力。</blockquote></p><p> Overall, I do not believe that investors will lose money with PLUG over the next decade or more. But I also do not believe that investors will see very attractive returns in that time frame, despite the fact that Plug Power's underlying business growth outlook is highly attractive. Shares are pricing in a lot of future growth already, and I believe that returns in the sub-10% range can also be generated through lower-risk investments, with less volatile stocks.</p><p><blockquote>总体而言，我不认为投资者在未来十年或更长时间内会因PLUG而亏损。但我也不相信投资者会在这段时间内看到非常有吸引力的回报，尽管普拉格能源的基本业务增长前景非常有吸引力。股票已经反映了未来的大量增长，我相信通过风险较低、股票波动性较小的投资也可以产生低于10%的回报。</blockquote></p><p> <b>Conclusion: Where Could Plug Power Be In 10 Years?</b></p><p><blockquote><b>结论：10年后普拉格能源会在哪里？</b></blockquote></p><p> One can't know that today, but we can make educated guesses. According to may scenarios laid out above, PLUG could trade at $37-$55 in 2030, factoring in another year of growth, we could end up at $40-$60 in 2031, I believe -- if many things go right. In case there are major hiccups with growth projects, or if the share count rises more than expected, these estimates may be too high.</p><p><blockquote>今天人们无法知道这一点，但我们可以做出有根据的猜测。根据上面列出的5月份情景，PLUG在2030年的交易价格可能为37-55美元，考虑到又一年的增长，我相信，如果很多事情进展顺利，我们在2031年的交易价格可能会达到40-60美元。如果增长项目出现重大问题，或者股票数量增长超过预期，这些估计可能会过高。</blockquote></p><p> Overall, I believe that there is considerable long-term upside potential for PLUG's shares, but expected returns in the mid-to-high-single digits range are not gigantic, and the same returns can be generated through more mature, less volatile investments with fewer uncertainties and less execution risk. I thus do think that PLUG is not a buy right here, even though I like the company's growth prospects and its position in an attractive industry.</p><p><blockquote>总体而言，我认为PLUG的股票有相当大的长期上涨潜力，但中高个位数范围的预期回报并不巨大，通过更成熟、波动性更小的投资可以产生相同的回报，不确定性更少，执行风险更小。因此，我确实认为PLUG在这里不值得买入，尽管我喜欢该公司的增长前景及其在有吸引力的行业中的地位。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4449266-plug-power-stock-in-10-years\">seekingalpha</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/4449266-plug-power-stock-in-10-years","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133270372","content_text":"Summary\n\nPlug Power is active in an attractive industry with huge growth tailwinds.\nIt serves low-risk customers and has a strong position in its industry.\nShares are pricing in a lot of future growth, and investors should consider what actual per-share returns might look like before deploying money at current valuations.\n\nFokusiert/iStock via Getty Images\nArticle Thesis\nPlug Power, Inc. (PLUG) is active in a high-growth industry, which translates into a strong long-term business growth outlook, as long as the company can capitalize on its goals and management executes well. The company is, however, not profitable yet, and the path to meaningful net profits holds some uncertainties still. Taking a longer-term view, we can expect that Plug Power will generate positive net profits despite the fact that shares are valuing the company at a relatively high current valuation. From a risk-reward standpoint, there may be better picks available, though, despite the fact that I believe that shares will trade materially higher in 2031.\nPlug Power Stock Price\nPlug Power, Inc. has seen its share price move up and down violently over the last year:\nData by YCharts\nShares trade 130% higher than 12 months ago, but at the same time, shares trade at just one-third of the all-time high today. In early 2021, shares exploded upwards at a time when other renewable/new energy and related stocks, including EV plays, benefited from massive investor enthusiasm. Since then, enthusiasm seems to have cooled, and shares have reverted back to the $20s. At current prices, Plug Power, Inc. is valued at $16 billion based on a diluted share count of a little less than 600 million. Analysts are pretty bullish on the stock right now, as the consensus price target of $41 implies an upside potential of around 50% from current prices throughout the next year. It should be noted, however, that the analyst consensus price target has been lowered in recent months, and may continue to be lowered going forward. Due to non-existent profits PLUG can't be valued on an earnings basis, but shares trade for around 30x this year's revenue, which is quite expensive.\nPlug Power Stock Prediction\nPlug Power, Inc. is active in an absolute growth industry, as hydrogen fuel cells will see huge demand growth in coming years as they allow for an environmentally friendly alternative to other fuels. Plug Power, as a turnkey provider in a market leadership position for this technology, is well-positioned to capitalize on this megatrend. Through a network of global partnerships, including with Brookfield Renewable Partners (BEP), Plug Power is working on growing the green hydrogen industryglobally:\nSource: Plug Power presentation\nPlug Power's green hydrogen can be used for powering trucks, busses, and other vehicles, while the company is also providing environmentally friendly alternatives to diesel generators in the megawatt scale range that can be used by utilities, for example. The company is, on top of that, also working on other ventures that are not ready to be commercialized yet, such as powering aircraft with hydrogen. Plug Power will have at least 5 hydrogen plants running in the US in 2024, i.e. three years from now, with more projects being in the pipeline both in the US and in overseas markets such as Europe.\n80% of Plug Power's customers are what the company calls blue chip customers, which includes companies such as Amazon (AMZN). These companies are oftentimes highly inclined to improve their CO2 footprint in order to receive better ESG ratings, and at the same time, these are low-risk customers as their strong balance sheets and cash flows mean that the risk of liquidity or solvency issues is negligible. Overall, Plug Power thus works with attractive counterparts, and their financial firepower means that Plug Power is not forced to sell its products at bargain prices, which is why the company has been able to generate relatively attractive product gross margins in the 30s in recent quarters.\nDue to the still relatively small scale of the company, Plug Power is not profitable on a net basis or operating basis, however. The company's operating expenses, relative to the revenues that Plug Power generates, are still too high for now. This should, however, change over time, as operating leverage and improving product margins should allow Plug Power to grow gross profits relative to operating expenses, which will result in improving profitability. Analysts are currently predicting positive net profits for fiscal 2024, or three years from now. It would, of course, be better if Plug Power had hit that point already, but for long-term oriented investors, two more years of negative profits will not be a disaster.\nWhen investing in a company such as Plug Power, the very near term is not too relevant, but what matters more is the longer-term potential of the company to grow its revenue and profits. Through the combination of ESG tailwinds, massive market growth, and its market leadership position, Plug Power seems to be well-positioned to grow its revenue for many years to come:\nSource:Seeking Alpha\nAnalysts are currently predicting that revenues will grow at 50%+ a year over the next three years, while growth is forecasted to remain almost 30% through at least 2030, which equates to a highly attractive long-term growth outlook. There are, of course, no guarantees that this will indeed happen, as some risks to the business model remain. The company is not profitable yet, thus funding of future growth projects could theoretically become a problem. On top of that, it is possible that other players with deep pockets will try to disrupt the market or gain market share. The risk of that is, I believe, due to Plug Power's leadership position, not very large. But should the market become more competitive, non-profitable Plug Power might run into problems if it were to run into market share fights that could pressure margins.\nSome execution risks do thus remain for sure, and investors shouldn't see the above growth projections as crystal-clear forecasts that are infallible. Instead, however, the above predictions showcase what a base-case scenario could look like, and actual results might be better or worse than that. Overall, it can be said that the longer-term outlook for Plug Power's business is excellent, as the company should be able to grow at an attractive pace for many years to come, as investors, companies, and consumers put more and more emphasis on a smaller carbon footprint. Obvious growth prospects for an industry do not, however, automatically translate into share price gains. Those that bought shares of Cisco (CSCO) at the highs during the dot.com bubble, for example, are still in the red today, 22 years later, despite the massive growth the business has experienced in that time frame. Valuations should be considered as well, and Plug Power is far from cheap today.\nPlug Power Stock Forecast For 2030\nToday, Plug Power is trading for around 32x this year's expected revenue. If that was an earnings multiple, the stock still wouldn't be especially cheap, relative to how the average company is valued. At more than 30x sales, shares do seem very expensive. When we consider PLUG's growth outlook over the coming decade, that is relativized to some degree, but I believe that shares are still trading above fair value.\nIf the analyst consensus estimate for 2030's revenues is correct, at $10.5 billion, then shares are trading at around 1.5x 2030's revenue right now. Many industrial names are trading for 1x to 2x this year's revenue right now, which indicates how much future growth is priced into PLUG's stock already. One can, of course, argue that PLUG's growth outlook in 2030 is likely still better than that of the average company today, as it seems very much possible for PLUG to grow at a double-digit rate well beyond 2030. But still, shares upside for PLUG's shares is not too great over the coming decade, I believe.\nIf PLUG were to trade at a still relatively steep 3.5x revenue in 2030, this gets us to a market cap estimate of around $37billion, or roughly 2.3x as much as today. PLUG's share count will, however, not stay unchanged over the next decade, which is why returns on a per-share basis will be lower than that. If we assume that the share count climbs by just 2% a year, 2030's share count will stand at a little above 700 million. At a $37 billion market capitalization, each individual stock would then trade at around $53, which would mean a return of ~100% from today. On an annual basis, this would equate to returns of 8%. 8% annual returns are far from bad, but many things have to go right for that to happen -- PLUG has to execute well, deliver on growth projects, and avoid massive share issuance. When we also consider that this estimate requires a still rather high 3.5x sales multiple in 2030, then those returns are not great enough to warrant a buy rating, I believe. It would be different of 8% returns could come from a very de-risked blue chip with very low uncertainties, but that is not the case here. For reference, if PLUG executes well and hits growth estimates, but its shares trade for 2.5x sales in 2030, then the share price, assuming 2% annual dilution, would be $37, which would equate to just 4% annual returns. PLUG's share count has risen by around 50% over the last year alone, and even though I don't expect similar dilution in coming years, it is at least possible for PLUG's share count to rise by significantly more than 2% a year, which would pressure returns further.\nOverall, I do not believe that investors will lose money with PLUG over the next decade or more. But I also do not believe that investors will see very attractive returns in that time frame, despite the fact that Plug Power's underlying business growth outlook is highly attractive. Shares are pricing in a lot of future growth already, and I believe that returns in the sub-10% range can also be generated through lower-risk investments, with less volatile stocks.\nConclusion: Where Could Plug Power Be In 10 Years?\nOne can't know that today, but we can make educated guesses. According to may scenarios laid out above, PLUG could trade at $37-$55 in 2030, factoring in another year of growth, we could end up at $40-$60 in 2031, I believe -- if many things go right. In case there are major hiccups with growth projects, or if the share count rises more than expected, these estimates may be too high.\nOverall, I believe that there is considerable long-term upside potential for PLUG's shares, but expected returns in the mid-to-high-single digits range are not gigantic, and the same returns can be generated through more mature, less volatile investments with fewer uncertainties and less execution risk. I thus do think that PLUG is not a buy right here, even though I like the company's growth prospects and its position in an attractive industry.","news_type":1,"symbols_score_info":{"PLUG":0.9}},"isVote":1,"tweetType":1,"viewCount":2478,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":874307029,"gmtCreate":1637726619791,"gmtModify":1637726619791,"author":{"id":"3581490701663973","authorId":"3581490701663973","name":"PriceInvest","avatar":"https://static.tigerbbs.com/b136e732ddb8c13bbb2656750a3f72a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581490701663973","idStr":"3581490701663973"},"themes":[],"htmlText":"Hahah[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"Hahah[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"Hahah[财迷] [财迷] [财迷] [财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/874307029","repostId":"2185384641","repostType":4,"isVote":1,"tweetType":1,"viewCount":4374,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":802784918,"gmtCreate":1627808429734,"gmtModify":1631891651490,"author":{"id":"3581490701663973","authorId":"3581490701663973","name":"PriceInvest","avatar":"https://static.tigerbbs.com/b136e732ddb8c13bbb2656750a3f72a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581490701663973","idStr":"3581490701663973"},"themes":[],"htmlText":"Cool&nbsp;[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;","listText":"Cool&nbsp;[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;","text":"Cool [得意] [得意] [得意] [得意] [得意] [得意]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/802784918","repostId":"1122171439","repostType":4,"isVote":1,"tweetType":1,"viewCount":634,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":895829892,"gmtCreate":1628734218116,"gmtModify":1631891651471,"author":{"id":"3581490701663973","authorId":"3581490701663973","name":"PriceInvest","avatar":"https://static.tigerbbs.com/b136e732ddb8c13bbb2656750a3f72a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581490701663973","idStr":"3581490701663973"},"themes":[],"htmlText":"[呆住]&nbsp;[呆住]&nbsp;[呆住]&nbsp;[呆住]&nbsp;[呆住]&nbsp;[呆住]&nbsp;","listText":"[呆住]&nbsp;[呆住]&nbsp;[呆住]&nbsp;[呆住]&nbsp;[呆住]&nbsp;[呆住]&nbsp;","text":"[呆住] [呆住] [呆住] [呆住] [呆住] [呆住]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/895829892","repostId":"1146833505","repostType":4,"isVote":1,"tweetType":1,"viewCount":3621,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":801519225,"gmtCreate":1627522515267,"gmtModify":1633764166842,"author":{"id":"3581490701663973","authorId":"3581490701663973","name":"PriceInvest","avatar":"https://static.tigerbbs.com/b136e732ddb8c13bbb2656750a3f72a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581490701663973","idStr":"3581490701663973"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/01810\">$XIAOMI-W(01810)$</a>wow gogogogogo","listText":"<a href=\"https://laohu8.com/S/01810\">$XIAOMI-W(01810)$</a>wow gogogogogo","text":"$XIAOMI-W(01810)$wow gogogogogo","images":[{"img":"https://static.tigerbbs.com/b7c70fd28eb28a2d178dee2464c97299","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":1,"link":"https://laohu8.com/post/801519225","isVote":1,"tweetType":1,"viewCount":1069,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}