{"id":1967,"date":"2022-08-23T22:33:03","date_gmt":"2022-08-23T13:33:03","guid":{"rendered":"https:\/\/1up-life.blog\/?p=1967"},"modified":"2022-08-23T22:33:03","modified_gmt":"2022-08-23T13:33:03","slug":"%e6%b0%b4%e7%b4%a0%e3%80%80%e3%82%af%e3%83%aa%e3%83%bc%e3%83%b3%e3%82%a8%e3%83%8d%e3%83%ab%e3%82%ae%e3%83%bc%e3%80%80%e7%b1%b3%e5%9b%bd%e6%a0%aa%e3%80%80%e3%82%ab%e3%83%b3%e3%83%95%e3%82%a1%e3%83%ac","status":"publish","type":"post","link":"https:\/\/1up-life.blog\/?p=1967","title":{"rendered":"\u30d7\u30e9\u30b0\u30d1\u30ef\u30fc (PLUG)2022\u5e74\u7b2c2\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a"},"content":{"rendered":"<p>\u30d7\u30e9\u30b0\u30d1\u30ef\u30fc (PLUG)2022\u5e74\u7b2c2\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002<\/p>\n<p>\u30af\u30ea\u30fc\u30f3\u30a8\u30cd\u30eb\u30ae\u30fc\u5206\u91ce\u3067\u6ce8\u76ee\u3055\u308c\u3066\u3044\u308b\u306e\u3067\u4e0b\u843d\u6642\u306b\u30ea\u30b9\u30af\u899a\u609f\u3067\u5165\u3063\u3066\u884c\u304f\u306e\u306f\u3042\u308a\u304b\u3082\u3057\u308c\u306a\u3044\u3067\u3059\u306d\u3002<\/p>\n<p>\u6c7a\u7b97\u306f\u60aa\u3044\u3067\u3059\u304c\u5c06\u6765\u6027\u306f\u3042\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u3067\u3059\u306d\u3002<\/p>\n<div id=\"attachment_1968\" style=\"width: 1488px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1968\" class=\"wp-image-1968 size-full\" src=\"https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/08\/PLUG_2022-08-23_22-25-51.png\" alt=\"\u30d7\u30e9\u30b0\u30d1\u30ef\u30fc (PLUG)\u682a\u4fa1\" width=\"1478\" height=\"816\" srcset=\"https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/08\/PLUG_2022-08-23_22-25-51.png 1478w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/08\/PLUG_2022-08-23_22-25-51-300x166.png 300w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/08\/PLUG_2022-08-23_22-25-51-1024x565.png 1024w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/08\/PLUG_2022-08-23_22-25-51-768x424.png 768w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/08\/PLUG_2022-08-23_22-25-51-940x519.png 940w\" sizes=\"auto, (max-width: 1478px) 100vw, 1478px\" \/><p id=\"caption-attachment-1968\" class=\"wp-caption-text\">\u30d7\u30e9\u30b0\u30d1\u30ef\u30fc (PLUG)\u682a\u4fa1<\/p><\/div>\n<p class=\"hh hh3 main-bdr\"><span class=\"big\"><strong>\u30d7\u30e9\u30b0\u30d1\u30ef\u30fc (PLUG)2022\u5e74\u7b2c2\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a<\/strong><\/span><\/p>\n<p>Call participants:<br \/>\nTeal Hoyos &#8212; Senior director, marketing and communications<br \/>\nAndy Marsh &#8212; Chief Executive Officer<br \/>\nColin Rusch &#8212; Oppenheimer and Company &#8212; Analyst<br \/>\nSanjay Shrestha &#8212; Chief Strategy Officer<br \/>\nJames West &#8212; Evercore ISI &#8212; Analyst<br \/>\nAlex Kania &#8212; Wolfe Research &#8212; Analyst<br \/>\nBill Peterson &#8212; J.P. Morgan &#8212; Analyst<br \/>\nP.J. Juvekar &#8212; Citi &#8212; Analyst<br \/>\nEric Stine &#8212; Craig-Hallum Capital Group &#8212; Analyst<br \/>\nChris Souther &#8212; B. Riley Securities &#8212; Analyst<br \/>\nSameer Joshi &#8212; H.C. Wainwright and Company &#8212; Analyst<br \/>\nPaul Middleton &#8212; Chief Financial Officer<br \/>\nAmeet Thakkar &#8212; BMO Capital Markets &#8212; Analyst<br \/>\nKashy Harrison &#8212; Piper Sandler &#8212; Analyst<br \/>\nUnknown speaker &#8212; BTIG &#8212; Analyst<br \/>\nTom Curran &#8212; Seaport Research Partners &#8212; Analyst<br \/>\nJoseph Spak &#8212; RBC Capital Markets &#8212; Analyst<br \/>\nPraneeth Satish &#8212; Wells Fargo Securities &#8212; Analyst<br \/>\nGreg Wasikowski &#8212; Webber Research &#8212; Analyst<br \/>\nMore PLUG analysis<\/p>\n<p>2022\u5e748\u670809\u65e5\u5348\u5f8c4\u664230\u5206\uff08\u7c73\u56fd\u6771\u90e8\u6642\u9593\uff09<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u3053\u3093\u306b\u3061\u306f\u3001\u30d7\u30e9\u30b0\u306e2022\u5e74\u7b2c2\u56db\u534a\u671f\u6c7a\u7b97\u30ab\u30f3\u30d5\u30a1\u30ec\u30f3\u30b9\u30b3\u30fc\u30eb\u3078\u3088\u3046\u3053\u305d\u3002[\u672c\u30b3\u30f3\u30d5\u30a1\u30ec\u30f3\u30b9\u306f\u9332\u97f3\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u305d\u308c\u3067\u306f\u3001\u53f8\u4f1a\u306e\u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0\uff06\u30b3\u30df\u30e5\u30cb\u30b1\u30fc\u30b7\u30e7\u30f3\u30fb\u30b7\u30cb\u30a2\u30fb\u30c7\u30a3\u30ec\u30af\u30bf\u30fc\u3001\u30c6\u30a3\u30fc\u30eb\u30fb\u30db\u30e8\u30b9\u306b\u4f1a\u8b70\u3092\u5f15\u304d\u7d99\u304e\u307e\u3059\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u59cb\u3081\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u30c6\u30a3\u30fc\u30eb\u30fb\u30db\u30e8\u30b9 &#8212; \u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0\uff06\u30b3\u30df\u30e5\u30cb\u30b1\u30fc\u30b7\u30e7\u30f3\u30ba \u30b7\u30cb\u30a2\u30fb\u30c7\u30a3\u30ec\u30af\u30bf\u30fc<br \/>\n\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u30022022\u5e74\u7b2c2\u56db\u534a\u671f\u30a2\u30c3\u30d7\u30c7\u30fc\u30c8\u30b3\u30fc\u30eb\u3078\u3088\u3046\u3053\u305d\u3002\u3053\u306e\u96fb\u8a71\u4f1a\u8b70\u306b\u306f\u3001\u5c06\u6765\u4e88\u60f3\u306b\u95a2\u3059\u308b\u8a18\u8ff0\u304c\u542b\u307e\u308c\u307e\u3059\u3002\u3053\u308c\u3089\u306e\u5c06\u6765\u4e88\u60f3\u306b\u95a2\u3059\u308b\u8a18\u8ff0\u306b\u306f\u3001\u5f53\u793e\u306e\u5c06\u6765\u306e\u696d\u7e3e\u307e\u305f\u306f\u8ca1\u653f\u72b6\u614b\u306e\u4e88\u6e2c\u3001\u3042\u308b\u3044\u306f\u305d\u306e\u4ed6\u306e\u5c06\u6765\u4e88\u60f3\u306b\u95a2\u3059\u308b\u60c5\u5831\u304c\u542b\u307e\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u5f53\u793e\u306f\u3001\u3053\u308c\u3089\u306e\u5c06\u6765\u898b\u901a\u3057\u306b\u95a2\u3059\u308b\u8a18\u8ff0\u304c\u30011933\u5e74\u7c73\u56fd\u8a3c\u5238\u6cd5\u7b2c27A\u6761\u53ca\u30731934\u5e74\u7c73\u56fd\u8a3c\u5238\u53d6\u5f15\u6cd5\u7b2c21E\u6761\u306e 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u3068\u3044\u30464\u3064\u306eJV\u306e\u6210\u529f\u3067\u3059\u3002<\/p>\n<p>\u3053\u308c\u3089\u306e\u6226\u7565\u3092\u5b9f\u884c\u3059\u308b\u3053\u3068\u3067\u3001\u79c1\u305f\u3061\u306f\u696d\u754c\u306e\u30ea\u30fc\u30c0\u30fc\u3068\u3057\u3066\u306e\u5730\u4f4d\u3092\u7d99\u7d9a\u30fb\u62e1\u5927\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u306e\u3067\u3059\u3002\u3082\u3061\u308d\u3093\u3001\u3053\u3053\u3067\u7d42\u308f\u308a\u3068\u3044\u3046\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u304c\u3001\u79c1\u306e\u30c1\u30fc\u30e0\u306f\u3001\u4ee5\u4e0a\u306e\u3053\u3068\u3092\u5b9f\u884c\u3059\u308b\u3053\u3068\u304c\u6700\u512a\u5148\u3067\u3042\u308b\u3053\u3068\u3092\u7406\u89e3\u3057\u3066\u3044\u307e\u3059\u3002\u305d\u308c\u3067\u306f\u3001\u30dd\u30fc\u30eb\u3001\u30b5\u30f3\u30b8\u30a7\u30a4\u3001\u79c1\u306e3\u540d\u3067\u8cea\u554f\u3092\u53d7\u3051\u4ed8\u3051\u307e\u3059\u3002<\/p>\n<p class=\"hh hh6 main-c main-bdr\"><span class=\"big\"><strong>\u8cea\u7591\u5fdc\u7b54<\/strong><\/span><\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n[\u6700\u521d\u306e\u8cea\u554f\u306f\u3001Oppenheimer\u306eColin Rusch\u304b\u3089\u3067\u3059\u3002\u3054\u8cea\u554f\u306e\u5185\u5bb9\u3092\u304a\u805e\u304b\u305b\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>Colin Rusch &#8212; Oppenheimer and Company &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3069\u3046\u3082\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u3053\u308c\u306f\u591a\u5206\u3001Sanjay\u3078\u306e\u8cea\u554f\u3060\u3068\u601d\u3046\u306e\u3067\u3059\u304c\u3002\u7c73\u56fd\u306b\u304a\u3051\u308b\u30b0\u30ea\u30fc\u30f3\u6c34\u7d20\u306e\u6a5f\u4f1a\u306b\u3064\u3044\u3066\u3001\u6f5c\u5728\u7684\u306a\u7523\u696d\u754c\u306e\u30e6\u30fc\u30b6\u30fc\u3068\u306e\u5bfe\u8a71\u304c\u3069\u306e\u7a0b\u5ea6\u6210\u719f\u3057\u3066\u3044\u308b\u306e\u304b\u6c17\u306b\u306a\u308a\u307e\u3059\u3002\u307e\u305f\u3001\u6bd4\u8f03\u7684\u65e9\u304f\u5909\u63db\u3092\u958b\u59cb\u3067\u304d\u308b\u91cf\u3084\u3001\u8ffd\u52a0\u8a2d\u5099\u306e\u305f\u3081\u306e\u571f\u5730\u306e\u4f4d\u7f6e\u3001\u96fb\u529b\u8abf\u9054\u3068\u306e\u5bfe\u8a71\u306e\u6210\u719f\u5ea6\u306b\u3064\u3044\u3066\u3001\u304b\u306a\u308a\u65e9\u304f\u7af6\u4e89\u529b\u304c\u3064\u304f\u3088\u3046\u306b\u601d\u308f\u308c\u307e\u3059\u3002<\/p>\n<p>Sanjay Shrestha &#8212; \u30c1\u30fc\u30d5\u30fb\u30b9\u30c8\u30e9\u30c6\u30b8\u30fc\u30fb\u30aa\u30d5\u30a3\u30b5\u30fc<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u3067\u306f\u3001\u30b3\u30ea\u30f3\u3001\u3059\u3070\u3089\u3057\u3044\u8cea\u554f\u3067\u3059\u306d\u3002\u307e\u305a\u3001\u8cea\u554f\u306e\u5f8c\u534a\u90e8\u5206\u3092\u304a\u805e\u304b\u305b\u304f\u3060\u3055\u3044\u3002\u79c1\u305f\u3061\u304c\u591a\u304f\u306e\u6642\u9593\u3092\u8cbb\u3084\u3057\u3066\u304d\u305f\u3053\u3068\u306e1\u3064\u306f\u3001\u4ee5\u524d\u306b\u3082\u304a\u8a71\u3057\u305f\u3068\u304a\u308a\u3067\u3059\u3002\u79c1\u305f\u3061\u304c\u6700\u3082\u91cd\u8996\u3057\u3066\u3044\u308b\u3053\u3068\u306e1\u3064\u306f\u3001\u9069\u5207\u306a\u4fa1\u683c\u306e\u96fb\u529b\u3001\u3064\u307e\u308a\u518d\u751f\u53ef\u80fd\u306a\u96fb\u529b\u3092\u8abf\u9054\u3067\u304d\u308b\u3088\u3046\u3001\u9069\u5207\u306a\u5834\u6240\u3092\u78ba\u4fdd\u3059\u308b\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u305d\u306e\u305f\u3081\u306e\u6d3b\u52d5\u306f\u3001\u793e\u5185\u3067\u3082\u3001\u7b2c\u4e09\u8005\u3068\u306e\u5171\u540c\u4f5c\u696d\u3067\u3082\u3001\u304b\u306a\u308a\u6d3b\u767a\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u30a2\u30f3\u30c7\u30a3\u304c\u6e96\u5099\u66f8\u9762\u3067\u3082\u8ff0\u3079\u305f\u3088\u3046\u306b\u3001\u79c1\u305f\u3061\u306f\u3088\u308a\u65e9\u304f\u3001\u3088\u308a\u591a\u304f\u306e\u30d7\u30e9\u30f3\u30c8\u3092\u5efa\u8a2d\u3057\u305f\u3044\u3068\u8003\u3048\u3066\u3044\u308b\u306e\u3067\u3059\u3002No.<\/p>\n<p>\u6c34\u529b\u767a\u96fb\u304c\u6700\u9069\u306a\u30bd\u30ea\u30e5\u30fc\u30b7\u30e7\u30f3\u3067\u3042\u308b\u5834\u5408\u306f\u3001\u6c34\u529b\u767a\u96fb\u3092\u63a1\u7528\u3057\u3001\u6c34\u529b\u767a\u96fb\u304c\u306a\u3044\u5834\u5408\u3067\u3082\u8a2d\u5099\u3092\u62e1\u5f35\u3067\u304d\u308b\u65b9\u6cd5\u3092\u8003\u3048\u307e\u3059\u3002\u6b21\u306b\u3001\u98a8\u529b\u767a\u96fb\u306b\u3064\u3044\u3066\u3001\u3069\u306e\u3088\u3046\u306a\u5834\u6240\u306b\u8a2d\u7f6e\u3059\u308b\u306e\u304c\u9069\u5207\u304b\uff1f\u3069\u306e\u3088\u3046\u306b\u96fb\u529b\u3092\u88dc\u3046\u304b\u3002\u30c6\u30ad\u30b5\u30b9\u3067\u306f\u3001\u3053\u308c\u307e\u3067\u304a\u8a71\u3057\u3057\u305f\u4ee5\u5916\u306b\u3082\u3001\u3055\u307e\u3056\u307e\u306a\u6d3b\u52d5\u304c\u884c\u308f\u308c\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u307b\u304b\u306b\u3082\u3001\u304b\u306a\u308a\u9032\u3093\u3067\u3044\u308b\u5834\u6240\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u3069\u3046\u305e\u3054\u671f\u5f85\u304f\u3060\u3055\u3044\u3002\u3055\u3089\u306b\u8a73\u3057\u304f\u304a\u8a71\u3067\u304d\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u592a\u967d\u5149\u767a\u96fb\u306b\u95a2\u3057\u3066\u306f\u3001\u5f53\u7136\u306a\u304c\u3089\u3001\u7686\u3055\u3093\u304c\u8003\u3048\u3066\u3044\u308b\u3088\u3046\u306a\u5730\u57df\u306e\u8907\u6570\u306e\u5834\u6240\u3092\u691c\u8a0e\u3057\u3066\u3044\u307e\u3059\u3002\u79c1\u305f\u3061\u304c\u672c\u5f53\u306b\u3084\u3063\u3066\u3044\u308b\u3053\u3068\u306e1\u3064\u306f\u3001\u571f\u5730\u3092\u898b\u308b\u3060\u3051\u3067\u306a\u304f\u3001\u305d\u308c\u3092\u3069\u306e\u3088\u3046\u306b\u62e1\u5927\u3067\u304d\u308b\u304b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u3088\u308a\u5927\u898f\u6a21\u306a\u592a\u967d\u5149\u767a\u96fb\u6240\u306b\u3064\u3044\u3066\u3069\u3046\u8003\u3048\u308b\u304b\u3002\u30cd\u30c3\u30c8\u30fb\u30a8\u30cd\u30eb\u30ae\u30fc\u30fb\u30e1\u30fc\u30bf\u30fc\u306e\u3088\u3046\u306a\u30a2\u30d7\u30ed\u30fc\u30c1\u3092\u8003\u3048\u3001\u96fb\u6c17\u6599\u91d1\u3092\u4e0b\u3052\u308b\u306b\u306f\u3069\u3046\u3057\u305f\u3089\u3088\u3044\u306e\u304b\u3002\u3055\u3089\u306b\u3001\u96fb\u529b\u4fa1\u683c\u304c\u9069\u5207\u3067\u3042\u308c\u3070\u3001\u539f\u5b50\u529b\u767a\u96fb\u3092\u53d6\u308a\u5dfb\u304f\u9078\u629e\u80a2\u306e\u3044\u304f\u3064\u304b\u3092\u8a55\u4fa1\u3059\u308b\u3053\u3068\u3082\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u3067\u3059\u304b\u3089\u3001\u793e\u5185\u3067\u306e\u8b70\u8ad6\u3082\u3001\u7b2c\u4e09\u8005\u3068\u306e\u8b70\u8ad6\u3082\u3001\u975e\u5e38\u306b\u6d3b\u767a\u3067\u3059\u3002\u305d\u308c\u306f\u3001\u518d\u751f\u53ef\u80fd\u30a8\u30cd\u30eb\u30ae\u30fc\u306e\u96fb\u529b\u30b3\u30b9\u30c8\u3092\u4e0b\u3052\u3001\u30b0\u30ea\u30fc\u30f3\u6c34\u7d20\u306e\u30b3\u30b9\u30c8\u3092\u4e0b\u3052\u7d9a\u3051\u308b\u306b\u306f\u3069\u3046\u3057\u305f\u3089\u3044\u3044\u304b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u7523\u696d\u7528\u6c34\u7d20\u306e\u5206\u91ce\u3067\u306f\u3001\u682a\u4e3b\u901a\u4fe1\u3067\u3054\u89a7\u3044\u305f\u3060\u3044\u305f\u3088\u3046\u306b\u3001\u307e\u305f\u30a2\u30f3\u30c7\u30a3\u3082\u89e6\u308c\u3066\u3044\u307e\u3059\u304c\u3001\u3053\u306ePTC\u306b\u3088\u3063\u3066\u3001\u3042\u3089\u3086\u308b\u5e02\u5834\u304c\u958b\u304b\u308c\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002\u30b0\u30ea\u30fc\u30f3\u6c34\u7d20\u306f\u3001\u30b0\u30ec\u30fc\u6c34\u7d20\u306b\u6bd4\u3079\u3066\u7d4c\u6e08\u7684\u3067\u3001\u3042\u3089\u3086\u308b\u7528\u9014\u306b\u5229\u7528\u3067\u304d\u307e\u3059\u3002<\/p>\n<p>\u30a2\u30f3\u30c7\u30a3\u304c120\u30e1\u30ac\u30ef\u30c3\u30c8\u306e\u96fb\u89e3\u69fd\u306b\u3064\u3044\u3066\u8a71\u3057\u305f\u3088\u3046\u306b\u3001PTC\u304c\u65bd\u884c\u3055\u308c\u308b\u524d\u306b\u3082\u3001\u3044\u304f\u3064\u304b\u306e\u767a\u8868\u304c\u884c\u308f\u308c\u3066\u3044\u307e\u3059\u3002\u73fe\u5728\u3001\u7523\u696d\u7528\u9014\u3067\u4f7f\u7528\u3055\u308c\u3066\u3044\u308b\u7070\u8272\u6c34\u7d20\u306e\u91cf\u3092\u8003\u3048\u308b\u3068\u3001\u3053\u308c\u306f\u79c1\u305f\u3061\u306b\u3068\u3063\u3066\u975e\u5e38\u306b\u5927\u304d\u306a\u30c1\u30e3\u30f3\u30b9\u3068\u306a\u308a\u307e\u3059\u3002\u3055\u3066\u3001\u3053\u308c\u306f\u6700\u8fd1\u306e\u51fa\u6765\u4e8b\u3067\u3059\u3002\u4eca\u5f8c\u3001\u3055\u307e\u3056\u307e\u306a\u52d5\u304d\u304c\u51fa\u3066\u304f\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>\u79c1\u305f\u3061\u306f\u305d\u308c\u3092\u5341\u5206\u306b\u4e88\u6e2c\u3057\u3066\u3044\u307e\u3059\u3002\u4eee\u306b\u3001\u30aa\u30f3\u30b5\u30a4\u30c8\u578b\u96fb\u89e3\u69fd\u306e\u5229\u7528\u304c\u5168\u4f53\u306e20%\u306b\u904e\u304e\u306a\u3044\u3068\u3057\u3066\u3082\u300110\u30ae\u30ac\u30ef\u30c3\u30c8\u4ee5\u4e0a\u306e\u96fb\u89e3\u69fd\u306e\u5229\u7528\u6a5f\u4f1a\u304c\u3042\u308b\u308f\u3051\u3067\u3059\u304b\u3089\u3001\u79c1\u305f\u3061\u306b\u3068\u3063\u3066\u3082\u5927\u304d\u306a\u30c1\u30e3\u30f3\u30b9\u3067\u3059\u3002\u4f55\u304b\u88dc\u8db3\u306f\u3042\u308a\u307e\u3059\u304b\uff1f<\/p>\n<p>\u30a2\u30f3\u30c7\u30a3\u30fb\u30de\u30fc\u30b7\u30e5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u3044\u3044\u3048\u3001\u3042\u308a\u307e\u305b\u3093\u3002\u4ed6\u306b\u4f55\u304b\u3042\u308a\u307e\u3059\u304b\u3001\u30b3\u30ea\u30f3\uff1f<\/p>\n<p>Colin Rusch &#8212; Oppenheimer and Company &#8212; 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&#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u30b3\u30ea\u30f3 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&#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u30b3\u30ea\u30f3 &#8212; \u3059\u307f\u307e\u305b\u3093\u3001\u30b8\u30a7\u30fc\u30e0\u30ba\u3001\u307e\u305a\u3001\u5927\u304d\u306a\u4e00\u6b69\u3067\u3057\u305f\u3002\u30de\u30a4\u30af\u30ed\u30bd\u30d5\u30c8\u793e\u3068\u306e\u88fd\u54c1\u8a2d\u8a08\u306e\u305f\u3081\u306e\u6d3b\u52d5\u306f\u3001\u5408\u308f\u305b\u30662\u5e74\u534a\u306e\u53d6\u308a\u7d44\u307f\u3067\u3057\u305f\u3002\u305d\u3057\u3066\u3001\u3059\u3067\u306b\u6b21\u4e16\u4ee3\u88fd\u54c1\u3092\u958b\u767a\u3057\u3001\u7b2c4\u56db\u534a\u671f\u306b\u306f\u30de\u30a4\u30af\u30ed\u30bd\u30d5\u30c8\u3084\u305d\u306e\u4ed6\u306e\u4f01\u696d\u306b\u63d0\u4f9b\u3059\u308b\u4e88\u5b9a\u3067\u3059\u3002\u305d\u3057\u3066\u3001\u3053\u306e\u624b\u7d19\u306e\u4e2d\u3067\u3001\u3053\u306e\u5e02\u5834\u306b\u5bfe\u3059\u308b\u6570\u5b57\u3092\u672c\u5f53\u306b\u6982\u8aac\u3057\u307e\u3057\u305f\u3002<\/p>\n<p>Sanjay\u3001\u305d\u306e\u6570\u5b57\u306f\u4eca\u5f8c12\u30ab\u6708\u9593\u3060\u3063\u305f\u3068\u601d\u3044\u307e\u3059\u304c\u3002\u4eca\u5f8c18\u30ab\u6708\u9593\u3067\u7d04200\u30e1\u30ac\u30ef\u30c3\u30c8\u306e\u4e8b\u696d\u304c\u884c\u308f\u308c\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u6570\u5b57\u306f\u307e\u3060\u59cb\u307e\u3063\u305f\u3070\u304b\u308a\u3067\u3059\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u3053\u306e\u30a2\u30d7\u30ea\u30b1\u30fc\u30b7\u30e7\u30f3\u306b\u3064\u3044\u3066\u306f\u3001\u3059\u3079\u3066\u306e\u30c7\u30fc\u30bf\u30bb\u30f3\u30bf\u30fc\u4e8b\u696d\u8005\u3068\u8a71\u3092\u9032\u3081\u3066\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u3053\u306e\u30a2\u30d7\u30ea\u30b1\u30fc\u30b7\u30e7\u30f3\u306f\u975e\u5e38\u306b\u5fdc\u7528\u7bc4\u56f2\u304c\u5e83\u3044\u306e\u3067\u3059\u3002\u4eca\u65e5\u3001\u79c1\u306f\u30a2\u30eb\u30d0\u30cb\u30fc\u5e02\u3067\u3001\u591a\u304f\u306e\u4eba\u304c\u62b1\u3048\u3066\u3044\u308bEV\u3078\u306e\u96fb\u529b\u4f9b\u7d66\u306b\u95a2\u3059\u308b\u8ab2\u984c\u306b\u3064\u3044\u3066\u8a71\u3057\u3066\u304d\u307e\u3057\u305f\u3002\u4fe1\u3058\u3089\u308c\u306a\u3044\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u304c\u3001\u79c1\u305f\u3061\u304c\u6700\u521d\u306b\u884c\u3046\u5927\u304d\u306a\u5c55\u958b\u306f\u3001\u96fb\u6c17\u81ea\u52d5\u8eca\u3078\u306e\u96fb\u529b\u4f9b\u7d66\u3060\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u3053\u308c\u306f\u3042\u307e\u308a\u77e5\u3089\u308c\u3066\u3044\u306a\u3044\u3053\u3068\u3067\u3059\u304c\u3001\u5b9f\u306f\u3001\u3053\u306e\u6a5f\u4f1a\u306e\u6700\u521d\u306e\u5927\u304d\u306a\u30de\u30fc\u30b1\u30c3\u30c8\u306b\u306a\u308b\u3067\u3057\u3087\u3046\u3002\u305d\u3057\u30663\u3064\u76ee\u306f\u3001\u540c\u3058\u88fd\u54c1\u3092\u79c1\u305f\u3061\u304c\u30b9\u30b1\u30fc\u30eb\u30a2\u30c3\u30d7\u3057\u3066\u3001\u3055\u307e\u3056\u307e\u306a\u9023\u7d9a\u767a\u96fb\u304c\u3067\u304d\u308b\u3088\u3046\u306b\u3059\u308b\u3068\u3044\u3046\u3082\u306e\u3067\u3001\u3053\u308c\u306fSK\u3067\u8a08\u753b\u3057\u3066\u3044\u308b\u3082\u306e\u3067\u3059\u3002SK\u3067\u306f\u300124\u5e74\u672b\u307e\u3067\u306b200\u30e1\u30ac\u30ef\u30c3\u30c8\u76f8\u5f53\u306e\u88fd\u54c1\u3092\u5c0e\u5165\u3059\u308b\u4e88\u5b9a\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u3053\u308c\u306f\u79c1\u305f\u3061\u306b\u3068\u3063\u3066\u5927\u304d\u306a\u30c1\u30e3\u30f3\u30b9\u3067\u3042\u308a\u3001\u672c\u5f53\u306b\u59cb\u307e\u3063\u305f\u3070\u304b\u308a\u306a\u306e\u3067\u3059\u3002<\/p>\n<p>\u30b5\u30f3\u30b8\u30a7\u30a4\u306e\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u3084\u30b0\u30ea\u30fc\u30f3\u6c34\u7d20\u767a\u96fb\u3068\u5408\u308f\u305b\u308b\u3068\u3001\u3088\u308a\u5927\u304d\u306a\u30d3\u30b8\u30e7\u30f3\u304c\u898b\u3048\u3066\u304d\u307e\u3059\u3002400\u5104\u30c9\u30eb\u3068\u3044\u3046\u306e\u306f\u3001\u30c7\u30fc\u30bf\u30bb\u30f3\u30bf\u30fc\u3067\u8d77\u3053\u3063\u3066\u3044\u308b\u3053\u3068\u3060\u3051\u3092\u8868\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>James West &#8212; Evercore ISI &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002OK\u3067\u3059\u3002\u305d\u3046\u3067\u3059\u306d\u3002\u4e86\u89e3\u3067\u3059\u3002<\/p>\n<p>\u3068\u3066\u3082\u52a9\u304b\u308a\u307e\u3059\u3001\u30a2\u30f3\u30c7\u30a3\u3002\u305d\u308c\u304b\u3089\u3001\u3053\u306e\u56db\u534a\u671f\u306b\u767a\u8868\u3055\u308c\u305f\u30a2\u30f3\u30c8\u30ef\u30fc\u30d7\u6e2f\u306b\u5927\u898f\u6a21\u306a\u65bd\u8a2d\u3092\u5efa\u8a2d\u3059\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u304c\u3002\u3053\u308c\u3082\u5927\u304d\u306a\u6848\u4ef6\u306e\u3088\u3046\u3067\u3059\u304c\u3001\u304a\u305d\u3089\u304f\u4e00\u9023\u306e\u6e2f\u6e7e\u30a2\u30d7\u30ea\u30b1\u30fc\u30b7\u30e7\u30f3\u306e\u6700\u521d\u306e\u4e00\u6b69\u306b\u306a\u308b\u3068\u601d\u308f\u308c\u307e\u3059\u3002\u3053\u308c\u306f\u59a5\u5f53\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30a2\u30f3\u30c7\u30a3\u30fb\u30de\u30fc\u30b7\u30e5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u3048\u3048\u3001\u305d\u306e\u901a\u308a\u3067\u3059\u3002\u3053\u306e\u6e2f\u306f\u3001\u4e16\u754c\u30672\u756a\u76ee\u306b\u5927\u304d\u306a\u5316\u5b66\u54c1\u6e2f\u3067\u3059\u3002\u79c1\u305f\u3061\u306f\u3001\u3053\u306e\u6e2f\u306b\u3001\u3059\u3079\u3066\u306e\u5316\u5b66\u5de5\u5834\u306b\u4f9b\u7d66\u3059\u308b\u305f\u3081\u306e\u30b0\u30ea\u30fc\u30f3\u6c34\u7d20\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u3092\u8ffd\u52a0\u3059\u308b\u3053\u3068\u3092\u691c\u8a0e\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u305d\u3057\u3066\u3001\u305d\u306e\u898f\u6a21\u3092\u62e1\u5927\u3059\u308b\u3053\u3068\u3082\u8996\u91ce\u306b\u5165\u308c\u3066\u3044\u307e\u3059\u3002\u30e8\u30fc\u30ed\u30c3\u30d1\u3067\u306f\u4eba\u53e3\u306e6\u5272\u304c\u3053\u306e\u6e2f\u306e\u8fd1\u304f\u306b\u4f4f\u3093\u3067\u3044\u307e\u3059\u3002HYVIA\u4e8b\u696d\u3084\u30de\u30c6\u30ea\u30a2\u30eb\u30cf\u30f3\u30c9\u30ea\u30f3\u30b0\u4e8b\u696d\u3092\u30b9\u30c6\u30fc\u30b7\u30e7\u30ca\u30ea\u30fc\u3067\u5c55\u958b\u3059\u308b\u30d7\u30e9\u30b0\u306b\u3068\u3063\u3066\u3001\u307e\u3055\u306b\u7406\u60f3\u7684\u306a\u72b6\u6cc1\u3067\u3059\u3002\u30a2\u30e1\u30ea\u30ab\u3067\u306f\u3001\u6c34\u7d20\u30cf\u30d6\u3092\u4f5c\u308b\u306e\u306b\u6700\u3082\u9069\u3057\u305f\u5834\u6240\u3060\u3068\u601d\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u79c1\u306f\u30b8\u30e7\u30fc\u30b8\u30a2\u5dde\u3067\u30aa\u30bd\u30d5\u4e0a\u9662\u8b70\u54e1\u3068\u4f1a\u8ac7\u3057\u3001\u30b8\u30e7\u30fc\u30b8\u30a2\u5dde\u306b\u304a\u3051\u308b\u6c34\u7d20\u30cf\u30d6\u306e\u53ef\u80fd\u6027\u306b\u3064\u3044\u3066\u591a\u304f\u306e\u8a71\u3092\u3057\u307e\u3057\u305f\u3002\u305d\u306e\u4e2d\u3067\u6700\u3082\u6ce8\u76ee\u3055\u308c\u3066\u3044\u308b\u306e\u304c\u3001\u30b5\u30d0\u30f3\u30ca\u6e2f\u3067\u3059\u3002\u30b5\u30d0\u30f3\u30ca\u6e2f\u3001\u30cb\u30e5\u30fc\u30e8\u30fc\u30af\u6e2f\u3001\u30cb\u30e5\u30fc\u30b8\u30e3\u30fc\u30b8\u30fc\u6e2f\u3001\u305d\u3057\u3066\u30a6\u30a7\u30b9\u30c8\u30d0\u30fc\u30b8\u30cb\u30a2\u5dde\u306e\u30de\u30f3\u30c1\u30f3\u4e0a\u9662\u8b70\u54e1\u306b\u3082\u304a\u4f1a\u3044\u3057\u307e\u3057\u305f\u304c\u3001\u30a6\u30a7\u30b9\u30c8\u30d0\u30fc\u30b8\u30cb\u30a2\u5dde\u304b\u3089\u4e94\u5927\u6e56\u306b\u6c34\u7d20\u3092\u904b\u3076\u6a5f\u4f1a\u304c\u3042\u308a\u307e\u3059\u3002\u6e2f\u6e7e\u3068\u6c34\u7d20\u306e\u79fb\u52d5\u306f\u3001\u672c\u5f53\u306b\u5927\u304d\u306a\u30c1\u30e3\u30f3\u30b9\u306a\u306e\u3067\u3059\u3002<\/p>\n<p>James West &#8212; Evercore ISI &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u7d20\u6674\u3089\u3057\u3044\u3002\u3042\u308a\u304c\u3068\u3046\u3001\u30a2\u30f3\u30c7\u30a3\u3002<\/p>\n<p>\u30a2\u30f3\u30c7\u30a3\u30fb\u30de\u30fc\u30b7\u30e5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306f\u30a6\u30a9\u30eb\u30d5\u30ea\u30b5\u30fc\u30c1\u306e\u30a2\u30ec\u30c3\u30af\u30b9\u30fb\u30ab\u30cb\u30a2\u304b\u3089\u3067\u3059\u3002\u3054\u8cea\u554f\u306e\u5185\u5bb9\u3092\u304a\u805e\u304b\u305b\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>Alex Kania &#8212; Wolfe Research &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3053\u3093\u306b\u3061\u306f\u3002\u3053\u3093\u306b\u3061\u306f\u3002\u8abf\u5b50\u306f\u3069\u3046\u3067\u3059\u304b\uff1f\u4fa1\u683c\u306b\u95a2\u3057\u3066PTC\u3092\u3069\u3046\u8003\u3048\u308b\u304b\u3001\u54f2\u5b66\u7684\u306a\u8cea\u554f\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3002\u77ed\u671f\u7684\u306b\u306f\u3001\u56fa\u5b9a\u4fa1\u683c\u5951\u7d04\u3092\u7d50\u3093\u3067\u3044\u308b\u5834\u5408\u3001PTC\u306f\u30dd\u30b1\u30c3\u30c8\u306b\u5165\u308c\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u304c\u3001\u6642\u9593\u304c\u7d4c\u3066\u3070\u3001\u660e\u3089\u304b\u306b\u77ed\u671f\u7684\u306a\u30de\u30fc\u30b8\u30f3\u306e\u9006\u98a8\u3092\u548c\u3089\u3052\u3066\u304f\u308c\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u3044\u305a\u308c\u306f&#8230;&#8230;\u3068\u3044\u3046\u306e\u306f\u3001PTC\u304c\u4eca\u5f8c\u306e\u30b0\u30ea\u30fc\u30f3\u6c34\u7d20\u306e\u53d6\u5f15\u4ea4\u6e09\u306b\u3069\u306e\u3088\u3046\u306a\u610f\u5473\u3092\u6301\u3064\u306e\u304b\u3001\u3069\u3046\u304a\u8003\u3048\u306a\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30a2\u30f3\u30c7\u30a3\u30fb\u30de\u30fc\u30b7\u30e5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u672c\u5f53\u306b\u3044\u3044\u8cea\u554f\u3067\u3059\u306d\u3001\u30a2\u30ec\u30c3\u30af\u30b9\u3002\u8fd1\u3044\u5c06\u6765\u306e\u5951\u7d04\u306b\u3064\u3044\u3066\u8003\u3048\u3066\u307f\u308b\u3068\u3001\u5f53\u793e\u306fPTC\u306e\u307b\u3068\u3093\u3069\u3092\u7372\u5f97\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u4ed6\u306e\u7523\u696d\u3068\u540c\u3058\u3088\u3046\u306b\u3001\u30b7\u30a7\u30a2\u30ea\u30f3\u30b0\u304c\u884c\u308f\u308c\u308b\u3053\u3068\u306b\u306a\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u3082\u3061\u308d\u3093\u3001\u6700\u3082\u591a\u304f\u6295\u8cc7\u3057\u305f\u4eba\u305f\u3061\u3001\u3064\u307e\u308a\u79c1\u305f\u3061\u304c\u305d\u306e\u5927\u90e8\u5206\u3092\u7372\u5f97\u3059\u308b\u3053\u3068\u306b\u306a\u308b\u3067\u3057\u3087\u3046\u304c\u3001\u305d\u3046\u3084\u3063\u3066\u767a\u5c55\u3057\u3066\u3044\u304f\u306e\u3060\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>Alex Kania &#8212; Wolfe Research &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u7d20\u6674\u3089\u3057\u3044\u3002\u305d\u3057\u3066\u3001\u305d\u306e\u30d5\u30a9\u30ed\u30fc\u30a2\u30c3\u30d7\u3092&#8230;&#8230;\u3002<\/p>\n<p>\u30a2\u30f3\u30c7\u30a3\u30fb\u30de\u30fc\u30b7\u30e5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u4ed6\u306e\u50b5\u6a29\u3068\u5927\u5dee\u306f\u306a\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u5fd8\u308c\u3066\u306f\u306a\u3089\u306a\u3044\u306e\u306f\u3001\u6c34\u7d20\u306e\u4fa1\u683c\u304c\u3088\u308a\u7af6\u4e89\u529b\u3092\u6301\u3064\u3053\u3068\u3067\u3001\u79c1\u305f\u3061\u306e\u30a2\u30d7\u30ea\u30b1\u30fc\u30b7\u30e7\u30f3\u3001\u305d\u3057\u3066\u6b63\u76f4\u306a\u3068\u3053\u308d\u3001\u3059\u3079\u3066\u306e\u4eba\u306e\u30a2\u30d7\u30ea\u30b1\u30fc\u30b7\u30e7\u30f3\u304c\u3088\u308a\u8208\u5473\u6df1\u3044\u3082\u306e\u306b\u306a\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u79c1\u305f\u3061\u306e\u30a2\u30d7\u30ea\u30b1\u30fc\u30b7\u30e7\u30f3\u306b\u3068\u3063\u3066\u306f\u5927\u304d\u306a\u30c1\u30e3\u30f3\u30b9\u3067\u3059\u3002\u305d\u3057\u3066\u3001\u30b0\u30ea\u30fc\u30f3\u306a\u6c34\u7d20\u3092\u4ed6\u306e\u4eba\u306b\u63d0\u4f9b\u3059\u308b\u7d76\u597d\u306e\u6a5f\u4f1a\u3067\u3082\u3042\u308b\u306e\u3067\u3059\u3002<\/p>\n<p>Alex Kania &#8212; Wolfe Research &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u306a\u308b\u307b\u3069\u3002\u305d\u3057\u3066\u3001\u4eca\u8003\u3048\u3066\u307f\u308b\u3068\u3001\u30a2\u30e1\u30ea\u30ab\u306f\u304b\u306a\u308a\u652f\u6301\u7684\u306a\u653f\u7b56\u74b0\u5883\u3092\u6301\u3063\u3066\u3044\u308b\u3088\u3046\u306b\u898b\u3048\u307e\u3059\u3002\u30e8\u30fc\u30ed\u30c3\u30d1\u306fREPowerEU\u3067\u4f55\u304b\u3092\u76ee\u6307\u3057\u3066\u3044\u308b\u3088\u3046\u306b\u898b\u3048\u307e\u3059\u3002\u3064\u307e\u308a\u3001\u7126\u70b9\u306e\u30d0\u30e9\u30f3\u30b9\u3092\u3069\u306e\u3088\u3046\u306b\u8003\u3048\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u305d\u308c\u3068\u3082\u3001\u7c73\u56fd\u306b\u3082\u3046\u5c11\u3057\u6ce8\u610f\u3092\u5411\u3051\u308b\u3088\u3046\u306b\u306a\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30a2\u30f3\u30c7\u30a3\u30fb\u30de\u30fc\u30b7\u30e5\uff08Andy Marsh\uff09 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u30a8\u30cd\u30eb\u30ae\u30fc\u59d4\u54e1\u4f1a\u3067\u306e\u79c1\u306e\u8a3c\u8a00\u3092\u805e\u3044\u3066\u3044\u305f\u3060\u3051\u305f\u3068\u601d\u3044\u307e\u3059\u304c\u3001\u653f\u7b56\u304c\u306a\u3051\u308c\u3070\u3001\u79c1\u305f\u3061\u306e\u7126\u70b9\u306f\u3082\u3063\u3068\u6839\u672c\u7684\u306b\u3001\u3082\u3063\u3068\u6025\u901f\u306b\u30e8\u30fc\u30ed\u30c3\u30d1\u306b\u79fb\u308b\u3067\u3057\u3087\u3046\u3002\u73fe\u6642\u70b9\u3067\u306f\u3001\u30d7\u30e9\u30b0\u306b\u3068\u3063\u3066\u3001\u30a2\u30e1\u30ea\u30ab\u3068\u30e8\u30fc\u30ed\u30c3\u30d1\u306e2\u3064\u304c\u6700\u3082\u512a\u308c\u305f\u5e02\u5834\u6a5f\u4f1a\u3067\u3042\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u7c73\u56fd\u3067\u3084\u308b\u3053\u3068\u306e\u307b\u3068\u3093\u3069\u306f\u81ea\u5206\u305f\u3061\u3067\u3084\u308a\u307e\u3059\u304c\u3001\u3088\u308a\u65b0\u3057\u3044\u30d1\u30fc\u30c8\u30ca\u30fc\u30b7\u30c3\u30d7\u3092\u6d3b\u7528\u3059\u308b\u3053\u3068\u306b\u306a\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u30b9\u30da\u30a4\u30f3\u3067\u306f\u3001\u592a\u967d\u5149\u767a\u96fb\u306e\u6d3b\u7528\u3092\u8003\u3048\u308b\u3068\u304d\u3001\u30a2\u30af\u30b7\u30aa\u30ca\u307b\u3069\u826f\u3044\u30d1\u30fc\u30c8\u30ca\u30fc\u306f\u3044\u306a\u3044\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>\u98a8\u529b\u767a\u96fb\u306e\u5206\u91ce\u3067\u306f\u3001\u30c7\u30f3\u30de\u30fc\u30af\u306eH2\u30a8\u30ca\u30b8\u30fc\u793e\u3068\u306e\u63d0\u643a\u3084\u3001\u305d\u306e\u4ed6\u306e\u6d3b\u52d5\u3082\u691c\u8a0e\u3057\u3066\u3044\u307e\u3059\u304c\u3001\u30eb\u30ce\u30fcJV\u306e\u80fd\u529b\u3092\u6d3b\u7528\u3059\u308b\u3053\u3068\u306b\u91cd\u70b9\u3092\u7f6e\u3044\u3066\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u30e8\u30fc\u30ed\u30c3\u30d1\u3067\u306f\u3001\u3088\u308a\u30d1\u30fc\u30c8\u30ca\u30fc\u30b7\u30c3\u30d7\u3092\u91cd\u8996\u3057\u3001\u30e8\u30fc\u30ed\u30c3\u30d1\u3092\u30ea\u30fc\u30c9\u3057\u3066\u304f\u308c\u308b\u3088\u3046\u306a\u4eba\u6750\u3092\u78ba\u4fdd\u3059\u308b\u3053\u3068\u306b\u306a\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u30a2\u30e1\u30ea\u30ab\u3067\u306f\u3001\u79c1\u305f\u3061\u304c\u30ea\u30fc\u30c0\u30fc\u30b7\u30c3\u30d7\u3092\u767a\u63ee\u3057\u3066\u3044\u304d\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u6b63\u76f4\u306a\u3068\u3053\u308d\u3001\u3053\u306e\u6cd5\u6848\u304c\u306a\u3051\u308c\u3070\u3001\u79c1\u305f\u3061\u306e\u95a2\u5fc3\u306f\u307e\u3059\u307e\u3059\u30e8\u30fc\u30ed\u30c3\u30d1\u306b\u5411\u3044\u3066\u3044\u305f\u3053\u3068\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u3053\u308c\u304b\u3089\u306f\u3082\u3063\u3068\u30d0\u30e9\u30f3\u30b9\u306e\u53d6\u308c\u305f\u30a2\u30d7\u30ed\u30fc\u30c1\u306b\u306a\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u79c1\u306f\u3044\u3064\u3082\u30d4\u30e5\u30a2\u30d7\u30ec\u30a4\u306e\u6c34\u7d20\u30e1\u30fc\u30ab\u30fc\u306b\u8a00\u3063\u3066\u3044\u308b\u306e\u3067\u3059\u304c\u3001\u904e\u53bb2\u5e74\u9593\u3067\u3001\u30d7\u30e9\u30b0\u793e\u307b\u3069\u30e8\u30fc\u30ed\u30c3\u30d1\u306b\u6295\u8cc7\u3057\u305f\u4f1a\u793e\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u30d7\u30e9\u30b0\u306f\u30a2\u30e1\u30ea\u30ab\u306e\u4f1a\u793e\u3067\u3042\u308b\u3068\u540c\u6642\u306b\u3001\u30e8\u30fc\u30ed\u30c3\u30d1\u306e\u4f1a\u793e\u3067\u3082\u3042\u308b\u306e\u3067\u3059\u3002<\/p>\n<p>Alex Kania &#8212; Wolfe Research &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30a2\u30f3\u30c7\u30a3\u30fb\u30de\u30fc\u30b7\u30e5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3001\u30a2\u30ec\u30c3\u30af\u30b9\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306fJP\u30e2\u30eb\u30ac\u30f3\u306e\u30d3\u30eb\u30fb\u30d4\u30fc\u30bf\u30fc\u30bd\u30f3\u304b\u3089\u3067\u3059\u3002\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30d3\u30eb\u30fb\u30d4\u30fc\u30bf\u30fc\u30bd\u30f3 &#8212; J.P.\u30e2\u30eb\u30ac\u30f3 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3053\u3093\u306b\u3061\u306f\u3002\u30a4\u30f3\u30d5\u30ec\u6291\u5236\u6cd5\u304c\u3001\u4f55\u5ea6\u304b\u306e\u9996\u306e\u76ae\u4e00\u679a\u3067\u53ef\u6c7a\u3055\u308c\u305f\u306e\u306f\u3044\u3044\u3053\u3068\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u5b9f\u306f\u6700\u5f8c\u306e\u30e8\u30fc\u30ed\u30c3\u30d1\u306b\u95a2\u3059\u308b\u8cea\u554f\u306e\u30d5\u30a9\u30ed\u30fc\u30a2\u30c3\u30d7\u3092\u3057\u305f\u304b\u3063\u305f\u306e\u3067\u3059\u3002IPCEI\u306eHy2Tech\u304c54\u5104\u30e6\u30fc\u30ed\u306e\u8cc7\u91d1\u8abf\u9054\u306b\u81f3\u3063\u305f\u306e\u3092\u898b\u307e\u3057\u305f\u3002<\/p>\n<p>\u305d\u3053\u306b\u306f\u305f\u304f\u3055\u3093\u306e\u30ed\u30b4\u304c\u3042\u308a\u307e\u3059\u304c\u3001\u30d7\u30e9\u30b0\u793e\u3067\u306f\u306a\u304f\u3001\u5fa1\u793e\u306e\u30d1\u30fc\u30c8\u30ca\u30fc\u304c\u305f\u304f\u3055\u3093\u3044\u307e\u3059\u306d\u3002\u30d7\u30e9\u30b0\u793e\u304c\u76f4\u63a5\u5229\u76ca\u3092\u5f97\u308b\u9053\u306f\u3042\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u307e\u305f\u3001\u73fe\u5730\u751f\u7523\u306f\u53ef\u80fd\u3067\u3059\u304b\uff1f\u6700\u5f8c\u306e\u8cea\u554f\u3067\u3059\u304c\u3001\u30d7\u30e9\u30b0\u793e\u306f\u305d\u3053\u304b\u3089\u3069\u306e\u3088\u3046\u306a\u5229\u76ca\u3092\u5f97\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u307e\u305f\u3001\u3088\u308a\u591a\u304f\u306e\u5229\u76ca\u3092\u5f97\u308b\u305f\u3081\u306b\u306f\u3069\u3046\u3059\u308c\u3070\u3044\u3044\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30a2\u30f3\u30c7\u30a3\u30fb\u30de\u30fc\u30b7\u30e5\uff08Andy Marsh\uff09\uff1a\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u3044\u3044\u3048\u3001\u307e\u305a\u79c1\u305f\u3061\u306e\u7126\u70b9\u306f\u30d1\u30fc\u30c8\u30ca\u30fc\u30b7\u30c3\u30d7\u3060\u3068\u601d\u3044\u307e\u3059\u3002HYVIA\u3092\u898b\u308b\u3068\u3001\u307e\u3060\u6570\u5b57\u306f\u767a\u8868\u3055\u308c\u3066\u3044\u307e\u305b\u3093\u304c\u3001HYVIA\u304c\u53d7\u3051\u305f\u652f\u63f4\u306e\u30ec\u30d9\u30eb\u306f\u76f8\u5f53\u306a\u3082\u306e\u3067\u3059\u3002\u3053\u308c\u306f\u3001\u30aa\u30f3\u30ed\u30fc\u30c9\u30ab\u30fc\u306b\u95a2\u3059\u308b\u79c1\u305f\u3061\u306e\u4e3b\u8981\u306a\u30a4\u30cb\u30b7\u30a2\u30c1\u30d6\u3067\u3057\u305f\u3002\u30d9\u30eb\u30ae\u30fc\u3067\u306f\u3001\u30d9\u30eb\u30ae\u30fc\u653f\u5e9c\u306e\u652f\u63f4\u3092\u53d7\u3051\u306a\u304c\u3089\u3001\u30d7\u30e9\u30b0\u5358\u4f53\u3067\u306e\u6d3b\u52d5\u3082\u884c\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u30d5\u30e9\u30f3\u30b9\u306b\u62db\u304b\u308c\u3001\u30de\u30af\u30ed\u30f3\u5927\u7d71\u9818\u3068\u306e\u5915\u98df\u4f1a\u306b\u53c2\u52a0\u3057\u305f\u3088\u3046\u306b\u3001\u30d7\u30e9\u30b0\u306f\u30e8\u30fc\u30ed\u30c3\u30d1\u3067\u307e\u3059\u307e\u3059\u8a8d\u77e5\u3055\u308c\u59cb\u3081\u3066\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u79c1\u305f\u3061\u306e\u5b58\u5728\u304c\u3088\u308a\u660e\u78ba\u306b\u306a\u308c\u3070\u3001\u3088\u308a\u76f4\u63a5\u7684\u306b\u53c2\u52a0\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u73fe\u6642\u70b9\u3067\u306f\u3001\u4e8b\u696d\u76ee\u6a19\u306b\u6cbf\u3063\u305f\u6d3b\u52d5\u3092\u652f\u63f4\u3059\u308b\u305f\u3081\u306b\u30ad\u30e3\u30c3\u30b7\u30e5\u3092\u6700\u5927\u5316\u3059\u308b\u305f\u3081\u306b\u306f\u3001HYVIA\u304c\u6700\u9069\u306a\u624b\u6bb5\u3067\u3042\u308b\u3053\u3068\u306f\u9593\u9055\u3044\u306a\u3044\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u30d3\u30eb\u3001\u79c1\u306f\u3001\u305d\u308c\u304c\u672c\u5f53\u306b\u5831\u308f\u308c\u305f\u3068\u8a00\u3046\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n<p>Bill Peterson &#8212; J.P. Morgan &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u7d20\u6674\u3089\u3057\u3044\u3002\u3082\u3046\u3072\u3068\u3064\u3001\u96fb\u6c17\u81ea\u52d5\u8eca\u3084\u636e\u3048\u7f6e\u304d\u578b\u81ea\u52d5\u8eca\u304c\u6700\u521d\u306e\u5927\u304d\u306a\u5e02\u5834\u3067\u3042\u308b\u3053\u3068\u3092\u793a\u5506\u3055\u308c\u3066\u3044\u307e\u3057\u305f\u306d\u3002\u4eca\u5e74\u306e\u5f8c\u534a\u306b\u306f\u3001\u5f8c\u534a\u6226\u306e\u30a6\u30a7\u30a4\u30c8\u4ed8\u3051\u306e\u4e00\u74b0\u3068\u3057\u3066\u3001\u5b9f\u969b\u306b\u305d\u306e\u4e00\u90e8\u304c\u898b\u3048\u3066\u304f\u308b\u306e\u3067\u306f\u306a\u3044\u3067\u3057\u3087\u3046\u304b\u3002\u3057\u304b\u3057\u3001\u3088\u308a\u91cd\u8981\u306a\u306e\u306f\u3001\u3053\u306e\u30d3\u30b8\u30cd\u30b9\u304c\u4eca\u5f8c\u6570\u5e74\u9593\u3069\u306e\u3088\u3046\u306b\u63a8\u79fb\u3059\u308b\u306e\u304b\u3001\u3064\u307e\u308a\u3001\u77ed\u671f\u7684\u306b\u306f\u6700\u5927\u306e\u636e\u3048\u7f6e\u304d\u578b\u30d3\u30b8\u30cd\u30b9\u30c1\u30e3\u30f3\u30b9\u3067\u306f\u306a\u3044\u306b\u305b\u3088\u3001\u78ba\u5b9f\u306b\u5927\u304d\u306a\u30d3\u30b8\u30cd\u30b9\u30c1\u30e3\u30f3\u30b9\u306e1\u3064\u3067\u3042\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u30a2\u30f3\u30c7\u30a3\u30fb\u30de\u30fc\u30b7\u30e5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u30d7\u30e9\u30b0\u306e\u89b3\u70b9\u304b\u3089\u304a\u8a71\u3057\u3059\u308b\u3068\u3001\u4eca\u5f8c2\uff5e3\u5e74\u306e\u9593\u306b\u3001\u96fb\u89e3\u69fd\u4ee5\u5916\u306e\u5b9a\u7f6e\u578b\u5e02\u5834\u306f\u3001\u30aa\u30f3\u30ed\u30fc\u30c9\u30ab\u30fc\u3088\u308a\u3082\u6025\u901f\u306b\u6210\u9577\u3059\u308b\u3068\u898b\u3066\u3044\u307e\u3059\u3002\u305d\u306e\u7406\u7531\u306f\u30012\u3064\u306e\u5927\u304d\u306a\u7528\u9014\u304c\u3042\u308b\u304b\u3089\u3067\u3059\u3002\u3072\u3068\u3064\u306f\u3001\u5148\u307b\u3069\u3082\u7533\u3057\u4e0a\u3052\u305f\u3088\u3046\u306b\u3001\u96fb\u6c17\u81ea\u52d5\u8eca\u3078\u306e\u96fb\u529b\u4f9b\u7d66\u3067\u3059\u3002\u3082\u3046\u3072\u3068\u3064\u306f\u30c7\u30fc\u30bf\u30bb\u30f3\u30bf\u30fc\u5e02\u5834\u3067\u3001\u30de\u30a4\u30af\u30ed\u30bd\u30d5\u30c8\u306e\u3088\u3046\u306a\u4f01\u696d\u304c &#8212; \u30d6\u30ed\u30b0\u3092\u8aad\u3093\u3067\u304f\u3060\u3055\u3063\u3066\u3044\u308b\u65b9\u306f\u3054\u5b58\u77e5\u3060\u3068\u601d\u3044\u307e\u3059\u304c &#8212; \u79c1\u305f\u3061\u306f\u975e\u5e38\u306b\u7dca\u5bc6\u306a\u95a2\u4fc2\u3092\u7bc9\u3044\u3066\u304a\u308a\u3001\u5b9f\u969b\u306b\u5b9f\u8a3c\u3057\u3066\u304f\u308c\u307e\u3057\u305f\u3002\u305d\u3046\u3067\u3059\u3001\u4eba\u9593\u304c\u6708\u3092\u6b69\u3044\u305f\u306e\u3067\u3059\u3002<\/p>\n<p>\u5f7c\u3089\u306f2025\u5e74\u304b2030\u5e74\u307e\u3067\u306b\u3059\u3079\u3066\u306e\u30c7\u30a3\u30fc\u30bc\u30eb\u3092\u5ec3\u6b62\u3059\u308b\u3053\u3068\u3092\u76ee\u6307\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306f\u3001\u30d7\u30e9\u30b0\u793e\u306b\u3068\u3063\u3066\u5927\u304d\u306a\u30c1\u30e3\u30f3\u30b9\u306b\u306a\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u4f8b\u3048\u30702024\u5e74\u9803\u3092\u8003\u3048\u308b\u3068\u3001\u3053\u306e\u30d3\u30b8\u30cd\u30b9\u306f\u79c1\u305f\u3061\u306e\u30d3\u30b8\u30cd\u30b9\u306e20%\u304b\u308925%\u4ee5\u4e0a\u306b\u306a\u308b\u306e\u3067\u306f\u306a\u3044\u304b\u3068\u601d\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u30aa\u30f3\u30ed\u30fc\u30c9\u306b\u3064\u3044\u3066\u306f\u3001HYVIA\u306f2030\u5e74\u307e\u3067\u306b10\u4e07\u53f0\u306e\u8eca\u4e21\u3092\u8d70\u3089\u305b\u305f\u3044\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>HYVIA\u306f\u30012030\u5e74\u307e\u3067\u306b10\u4e07\u53f0\u306e\u8eca\u4e21\u3092\u8d70\u3089\u305b\u308b\u3053\u3068\u3092\u76ee\u6a19\u3068\u3057\u3066\u304a\u308a\u3001\u79c1\u305f\u3061\u306b\u3068\u3063\u3066\u672c\u5f53\u306b\u826f\u3044\u30ed\u30fc\u30c9\u30de\u30c3\u30d7\u3067\u3059\u3002\u307e\u305f\u3001\u4eca\u5f8c6\u30ab\u6708\u9593\u306720\u793e\u306e\u304a\u5ba2\u69d8\u304c\u5f53\u793e\u306e\u88fd\u54c1\u3092\u8a66\u9a13\u7684\u306b\u5c0e\u5165\u3059\u308b\u4e88\u5b9a\u3067\u3059\u304c\u3001\u3053\u308c\u306f\u5e74\u521d\u306b\u304a\u8a71\u3057\u305f\u6642\u306e\u4e88\u60f3\u306e2\u500d\u306b\u3042\u305f\u308a\u307e\u3059\u3002\u3053\u308c\u306f\u3001\u30d3\u30b8\u30cd\u30b9\u30c1\u30e3\u30f3\u30b9\u304c\u5927\u304d\u3044\u3053\u3068\u3092\u793a\u3059\u78ba\u304b\u306a\u30b5\u30a4\u30f3\u3060\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u30d3\u30eb\u30fb\u30d4\u30fc\u30bf\u30fc\u30bd\u30f3 &#8212; J.P.\u30e2\u30eb\u30ac\u30f3 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u305f\u304f\u3055\u3093\u306e\u826f\u3044\u6d3b\u52d5\u3092\u8ecc\u9053\u306b\u4e57\u305b\u308b\u3053\u3068\u304c\u3067\u304d\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30a2\u30f3\u30c7\u30a3\u30fb\u30de\u30fc\u30b7\u30e5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u3042\u308a\u304c\u3068\u3046\u3001\u30d3\u30eb\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306f\u30b7\u30c6\u30a3\u306eP.J.\u30b8\u30e5\u30d9\u30c3\u30ab\u30fc\u304b\u3089\u3067\u3059\u3002\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>P.J. Juvekar &#8212; Citi &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u306f\u3044\u3002\u3053\u3093\u306b\u3061\u306f\u3002PTC\u306b\u3064\u3044\u3066\u306f\u7d20\u6674\u3089\u3057\u3044\u30cb\u30e5\u30fc\u30b9\u3067\u3059\u3002\u305d\u308c\u3068\u3001\u6c34\u7d20\u306e\u5e73\u6e96\u5316\u30b3\u30b9\u30c8\u306b\u3064\u3044\u3066\u304a\u805e\u304d\u3057\u305f\u3044\u306e\u3067\u3059\u304c\u3002<\/p>\n<p>\u7c73\u56fd\u6700\u5927\u306e\u6c34\u7d20\u5e02\u5834\u3067\u3042\u308b\u30e1\u30ad\u30b7\u30b3\u6e7e\u5cb8\u3067\u306f\u3001\u73fe\u5728\u3001\u6c34\u7d20\u306e\u30b3\u30b9\u30c8\u306f\u3069\u306e\u7a0b\u5ea6\u3060\u3068\u601d\u308f\u308c\u307e\u3059\u304b\uff1f\u307e\u305f\u3001PTC\u5f8c\u306f\u3069\u3046\u306a\u308b\u3068\u601d\u308f\u308c\u307e\u3059\u304b\uff1f\u7cbe\u932c\u3084\u9244\u92fc\u306e\u3088\u3046\u306a\u5927\u578b\u7523\u696d\u304c\u3001\u3069\u306e\u7a0b\u5ea6\u65e9\u304f\u30b0\u30ea\u30fc\u30f3\u6c34\u7d20\u306b\u8ee2\u63db\u3057\u59cb\u3081\u308b\u304b\u3092\u77e5\u308a\u305f\u3044\u306e\u3067\u3059\u3002<\/p>\n<p>\u30a2\u30f3\u30c7\u30a3\u30fb\u30de\u30fc\u30b7\u30e5\uff08Andy Marsh\uff09 &#8212; 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Juvekar &#8212; Citi &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u7d20\u6674\u3089\u3057\u3044\u3002\u305d\u3057\u3066\u660e\u3089\u304b\u306b\u3001\u3042\u306a\u305f\u65b9\u306f\u30b0\u30ea\u30fc\u30f3\u6c34\u7d20\u30a4\u30f3\u30d5\u30e9\u306e\u69cb\u7bc9\u3068\u3044\u3046\u70b9\u3067\u5148\u3092\u884c\u3063\u3066\u3044\u307e\u3059\u3002\u304a\u3081\u3067\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u30022\u3064\u76ee\u306e\u8cea\u554f\u3067\u3059\u304c\u3001\u30b0\u30ea\u30fc\u30f3\u6c34\u7d20\u306ePTC\u9700\u8981\u304c\u672c\u683c\u5316\u3059\u308c\u3070\u3001Hydrogen Energy\u3084New Fortress Energy\u3068\u540c\u69d8\u306b\u3001\u96fb\u89e3\u69fd\u306e\u53d7\u6ce8\u3082\u5897\u52a0\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u306d\u3002<\/p>\n<p>\u30ed\u30c1\u30a7\u30b9\u30bf\u30fc\u306e\u8a2d\u5099\u306f\u5341\u5206\u3067\u3059\u304b\uff1f\u30ed\u30c1\u30a7\u30b9\u30bf\u30fc\u306fPTC\u3092\u60f3\u5b9a\u3057\u3066\u5efa\u8a2d\u3055\u308c\u305f\u306e\u3067\u3057\u3087\u3046\u304b\u3002\u305d\u308c\u3068\u3082\u3001\u3082\u3063\u3068\u3082\u3063\u3068\u62e1\u5f35\u3059\u308b\u5fc5\u8981\u304c\u3042\u308b\u306e\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n<p>\u30a2\u30f3\u30c7\u30a3\u30fb\u30de\u30fc\u30b7\u30e5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u3082\u3063\u3068\u62e1\u5927\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3001\u3068\u3044\u3046\u7b54\u3048\u304c\u8fd4\u3063\u3066\u304f\u308b\u3053\u3068\u3092\u9858\u3063\u3066\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u5148\u307b\u3069\u7533\u3057\u4e0a\u3052\u305f\u3088\u3046\u306b\u3001\u30ed\u30c1\u30a7\u30b9\u30bf\u30fc\u3067\u306f10\u6708\u307e\u3067\u306b\u6708\u75231\u30e1\u30ac\u30ef\u30c3\u30c8\u306e\u30da\u30fc\u30b9\u3067\u3001\u3064\u307e\u308a\u79c1\u306e\u8a08\u7b97\u3067\u306f\u6708\u7523100\u30e1\u30ac\u30ef\u30c3\u30c8\u306b\u306a\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u305d\u306e\u8a2d\u5099\u3092\u6700\u9069\u5316\u3057\u3001\u304a\u305d\u3089\u304f150\u304b\u3089160\u307e\u3067\u5f15\u304d\u4e0a\u3052\u308b\u65b9\u6cd5\u304c\u3042\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u8a2d\u8a08\u3092\u6539\u5584\u3059\u308b\u30c1\u30e3\u30f3\u30b9\u306f\u3042\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u7279\u306b\u30e8\u30fc\u30ed\u30c3\u30d1\u3067\u306f\u3001\u305d\u306e\u5e02\u5834\u3092\u30b5\u30dd\u30fc\u30c8\u3059\u308b\u305f\u3081\u306b\u3001\u88fd\u9020\u62e0\u70b9\u3092\u62e1\u5927\u3059\u308b\u6a5f\u4f1a\u3092\u691c\u8a0e\u3057\u3066\u3044\u307e\u3059\u3002\u3059\u3067\u306b\u3001\u3044\u304f\u3064\u304b\u306e\u8ffd\u52a0\u7684\u306a&#8230;\u3064\u307e\u308a\u6700\u521d\u306e\u8a71\u3057\u5408\u3044\u306f\u3057\u3066\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u3053\u308c\u306f\u30c1\u30e3\u30f3\u30b9\u3060\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001\u79c1\u305f\u3061\u304c\u3046\u307e\u304f\u3084\u3063\u305f\u3068\u601d\u3046\u3053\u3068\u306e\u3072\u3068\u3064\u306b\u3001\u5de5\u5834\u3092\u8a2d\u8a08\u3057\u3001\u305d\u306e\u8a2d\u8a08\u3092\u53d7\u3051\u7d99\u3044\u3067\u3001\u8907\u88fd\u3057\u3001\u8907\u88fd\u3057\u3001\u8907\u88fd\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3088\u3046\u306b\u3057\u305f\u3053\u3068\u304c\u6319\u3052\u3089\u308c\u307e\u3059\u3002\u79c1\u305f\u3061\u304c\u8a2d\u8a08\u3057\u305f\u5de5\u5834\u3067\u306f\u3001\u5225\u306e\u5de5\u5834\u3092\u5efa\u8a2d\u3059\u308b\u306e\u306b15\u30f5\u6708\u306f\u304b\u304b\u308b\u3067\u3057\u3087\u3046\u3002\u7279\u306b\u30e8\u30fc\u30ed\u30c3\u30d1\u3067\u306f\u3001\u3053\u306e\u30c1\u30e3\u30f3\u30b9\u3092\u751f\u304b\u3059\u305f\u3081\u306b\u3001\u3082\u3063\u3068\u771f\u5263\u306b\u691c\u8a0e\u3059\u308b\u3053\u3068\u306b\u306a\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u5de5\u5834\u3092\u5efa\u8a2d\u3057\u305f\u5f8c\u306b\u305d\u308c\u3092\u8907\u88fd\u3059\u308b\u3053\u3068\u306f\u3001\u521d\u3081\u3066\u884c\u3046\u3088\u308a\u3082\u305a\u3063\u3068\u7c21\u5358\u3067\u3059\u3002<\/p>\n<p>\u79c1\u306f\u3001\u8a08\u753b\u3092\u59cb\u3081\u308b\u524d\u306b\u3001\u9aea\u3092\u30d5\u30b5\u30d5\u30b5\u306b\u3057\u3066\u3044\u305f\u3093\u3067\u3059\u3088\u3002<\/p>\n<p>P.J. Juvekar &#8212; Citi &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u3067\u306f\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30a2\u30f3\u30c7\u30a3\u30fb\u30de\u30fc\u30b7\u30e5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306f\u30af\u30ec\u30a4\u30b0\u30fb\u30cf\u30e9\u30e0\u306e\u30a8\u30ea\u30c3\u30af\u30fb\u30b9\u30bf\u30a4\u30f3\u304b\u3089\u3067\u3059\u3002\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>Eric Stine &#8212; Craig-Hallum Capital Group &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u7686\u3055\u3093\u3001\u3053\u3093\u306b\u3061\u306f\u3002<\/p>\n<p>\u30a2\u30f3\u30c7\u30a3\u30fb\u30de\u30fc\u30b7\u30e5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u3053\u3093\u306b\u3061\u306f\u3001\u30a8\u30ea\u30c3\u30af\u3002\u672c\u65e5\u306f\u3044\u304b\u304c\u304a\u904e\u3054\u3057\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n<p>\u30a8\u30ea\u30c3\u30af\u30fb\u30b9\u30bf\u30a4\u30f3 &#8212; \u30af\u30ec\u30a4\u30b0\u30fb\u30cf\u30e9\u30e0\u30fb\u30ad\u30e3\u30d4\u30bf\u30eb\u30fb\u30b0\u30eb\u30fc\u30d7 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3053\u3093\u306b\u3061\u306f\u3002\u5143\u6c17\u3067\u3084\u3063\u3066\u3044\u307e\u3059\u3002PTC\u3068\u6c34\u7d20\u306e\u30b3\u30b9\u30c8\u304c\u4e0b\u304c\u3063\u3066\u304d\u3066\u3044\u308b\u3068\u3044\u3046\u8a71\u3067\u3059\u304c\u3001\u3042\u306a\u305f\u304c\u4f55\u5e74\u3082\u524d\u304b\u3089\u8a71\u3057\u3066\u3044\u308b\u306e\u306f\u3001\u30de\u30c6\u30ea\u30a2\u30eb\u30cf\u30f3\u30c9\u30ea\u30f3\u30b0\u306e\u305f\u3081\u306b\u3082\u3063\u3068\u5c0f\u3055\u306a\u5834\u6240\u306b\u62e1\u5927\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u3069\u3046\u304a\u8003\u3048\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n<p>\u305d\u308c\u306f\u307e\u3060\u76ee\u6a19\u306a\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u307e\u305f\u3001\u305d\u3046\u3059\u308b\u3053\u3068\u3067\u5e02\u5834\u6a5f\u4f1a\u306f\u3069\u306e\u3088\u3046\u306b\u62e1\u5927\u3059\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30a2\u30f3\u30c7\u30a3\u30fb\u30de\u30fc\u30b7\u30e5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>Eric\u3001\u79c1\u306f\u3053\u306e\u3053\u3068\u306b\u3064\u3044\u3066\u3042\u307e\u308a\u8a71\u3057\u305f\u3053\u3068\u304c\u3042\u308a\u307e\u305b\u3093\u3002\u3057\u304b\u3057\u3001ACT\u3068\u30c8\u30ec\u30fc\u30e9\u30fc\u306e\u8cb7\u53ce\u306f\u3001\u30c8\u30ec\u30fc\u30e9\u30fc\u3067\u3042\u308b\u30b3\u30f3\u30c8\u30ed\u30fc\u30e9\u30fc\u3092\u6301\u3064\u3053\u3068\u3067\u3001\u5c0f\u898f\u6a21\u306a\u6c34\u7d20\u65bd\u8a2d\u3092\u3088\u308a\u30b7\u30f3\u30d7\u30eb\u306a\u3082\u306e\u306b\u3057\u307e\u3059\u3002\u79c1\u305f\u3061\u306f\u3053\u308c\u307e\u3067\u5c0f\u898f\u6a21\u306a\u65bd\u8a2d\u3092\u624b\u304c\u3051\u3066\u304d\u307e\u3057\u305f\u304c\u3001\u3055\u3089\u306b\u591a\u304f\u306e\u65bd\u8a2d\u3092\u624b\u304c\u3051\u59cb\u3081\u3066\u3044\u307e\u3059\u3002\u6c34\u7d20\u306e\u30b3\u30b9\u30c8\u304c\u4e0b\u304c\u308a\u3001\u30aa\u30f3\u30b5\u30a4\u30c8\u306e\u6c34\u7d20\u30a4\u30f3\u30d5\u30e9\u3082\u30b7\u30f3\u30d7\u30eb\u306b\u306a\u308a\u3001\u30c8\u30ec\u30fc\u30e9\u30fc\u306e\u4ea4\u63db\u3082\u7c21\u5358\u306b\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n<p>\u30db\u30bb\u3068\u5f7c\u306e\u30c1\u30fc\u30e0\u306f\u3001\u5b9f\u969b\u306b\u305d\u306e\u3046\u3061\u306e\u3044\u304f\u3064\u304b\u3092\u9759\u304b\u306b\u5b9f\u884c\u306b\u79fb\u3057\u3066\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u3053\u308c\u306f\u5927\u304d\u306a\u30c1\u30e3\u30f3\u30b9\u3060\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u3053\u308c\u307e\u3067\u30b3\u30b9\u30c8\u306e\u5927\u534a\u3092\u5360\u3081\u3066\u3044\u305f\u71c3\u6599\u304c\u5927\u5e45\u306b\u524a\u6e1b\u3055\u308c\u308b\u3053\u3068\u306f\u3001\u672c\u5f53\u306b\u5927\u304d\u306a\u30e1\u30ea\u30c3\u30c8\u3067\u3059\u3002<\/p>\n<p>Eric Stine &#8212; Craig-Hallum Capital Group &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u5e02\u5834\u6a5f\u4f1a\u306e\u62e1\u5927\u306b\u3064\u3044\u3066\u3069\u3046\u304a\u8003\u3048\u3067\u3059\u304b\uff1f\u96e3\u3057\u3044\u8cea\u554f\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u306d\u3002<\/p>\n<p>Andy Marsh &#8212; CEO\uff08\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u30d7\u30e9\u30b0\u30fb\u30b7\u30f3\u30dd\u30b8\u30a6\u30e0\u3067\u30db\u30bb\u304c\u6307\u6458\u3057\u305f\u3088\u3046\u306b\u3001\u3053\u306e\u30d3\u30b8\u30cd\u30b9\u306f30\u5104\u30c9\u30eb\u304b\u308940\u5104\u30c9\u30eb\u306e\u30d3\u30b8\u30cd\u30b9\u30fb\u30c1\u30e3\u30f3\u30b9\u3067\u3042\u308a\u3001\u898f\u6a21\u3082\u5c0f\u3055\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u300125\u5e74\u304b\u308926\u5e74\u306b\u304b\u3051\u3066\u3001\u3053\u306e\u4e8b\u696d\u304c\u672c\u683c\u7684\u306b\u7acb\u3061\u4e0a\u304c\u308a\u59cb\u3081\u307e\u3057\u305f\u3002\u65b0\u305f\u306a\u4e88\u6e2c\u306f\u3057\u3066\u3044\u307e\u305b\u3093\u3002\u3057\u304b\u3057\u3001\u30db\u30bb\u304c\u6307\u6458\u3057\u305f\u3088\u3046\u306b\u3001\u6c34\u7d20\u306e\u30b3\u30b9\u30c8\u304c\u4e0b\u304c\u308c\u3070\u3001\u305d\u308c\u3092\u5229\u7528\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308b\u306e\u306f\u660e\u3089\u304b\u3067\u3059\u3002<\/p>\n<p>\u672c\u5f53\u306b\u3044\u3044\u8cea\u554f\u3067\u3059\u306d\u3002<\/p>\n<p>Eric Stine &#8212; Craig-Hallum Capital Group &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u5206\u304b\u308a\u307e\u3057\u305f\u3002\u305d\u308c\u306f\u52a9\u304b\u308a\u307e\u3059\u3002\u305d\u308c\u304b\u3089\u3001\u3082\u3046\u3072\u3068\u3064\u3060\u3051\u3002\u30ea\u30ea\u30fc\u30b9\u3067\u306f\u3001\u30e8\u30fc\u30ed\u30c3\u30d1\u30672\u3064\u306e\u30da\u30c7\u30b9\u30bf\u30eb\u30ab\u30b9\u30bf\u30de\u30fc\u3092\u30bf\u30fc\u30b2\u30c3\u30c8\u306b\u3057\u3066\u3044\u308b\u3068\u304a\u3063\u3057\u3083\u3063\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u305d\u306e\u6642\u671f\u3084\u898f\u6a21\u306a\u3069\u3001\u8a73\u7d30\u3092\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u30a2\u30f3\u30c7\u30a3\u30fb\u30de\u30fc\u30b7\u30e5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u4eca\u3001\u6700\u7d42\u6bb5\u968e\u306b\u5165\u3063\u3066\u3044\u307e\u3059\u3002\u4eca\u3001\u6700\u7d42\u6bb5\u968e\u306b\u5165\u3063\u3066\u3044\u3066\u3001\u4f55\u304b\u8a71\u305b\u308b\u304b\u3069\u3046\u304b\u643a\u5e2f\u96fb\u8a71\u3092\u898b\u3066\u3044\u308b\u3068\u3053\u308d\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u79c1\u305f\u3061\u306f\u4eca\u5e74\u30013\u3064\u306e\u30da\u30c7\u30b9\u30bf\u30eb\u30ab\u30b9\u30bf\u30de\u30fc\u3092\u30bf\u30fc\u30b2\u30c3\u30c8\u306b\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3053\u308c\u3089\u306f\u3059\u3079\u3066\u3001\u7b2c4\u56db\u534a\u671f\u307e\u3067\u306b\u767a\u8868\u3055\u308c\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u30e8\u30fc\u30ed\u30c3\u30d1\u306b2\u793e\u3001\u30a2\u30e1\u30ea\u30ab\u306b1\u793e\u3067\u3059\u306d\u3002\u306f\u3044\u3002\u307e\u305f\u3001\u5148\u307b\u3069\u7533\u3057\u4e0a\u3052\u305f\u3088\u3046\u306b\u3001\u79c1\u305f\u3061\u306f\u3088\u308a\u30e8\u30fc\u30ed\u30c3\u30d1\u306b\u76ee\u3092\u5411\u3051\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u5b9f\u969b\u3001\u4eca\u65e5\u3001\u30e8\u30fc\u30ed\u30c3\u30d1\u306b\u306f300\u4eba\u4ee5\u4e0a\u306e\u793e\u54e1\u304c\u3044\u307e\u3059\u304c\u3001\u79c1\u305f\u3061\u304c\u672c\u6c17\u3067\u3042\u308b\u3053\u3068\u3092\u304a\u5ba2\u69d8\u306b\u7d0d\u5f97\u3057\u3066\u3044\u305f\u3060\u304f\u306b\u306f\u3001\u5927\u304d\u306a\u9055\u3044\u3060\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u904b\u55b6\u62c5\u5f53\u8005<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u6b21\u306e\u8cea\u554f\u306f\u3001B.\u30e9\u30a4\u30ea\u30fc\u306e\u30af\u30ea\u30b9\u30fb\u30b5\u30a6\u30b6\u30fc\u304b\u3089\u3067\u3059\u3002\u3054\u8cea\u554f\u306e\u5185\u5bb9\u3092\u304a\u805e\u304b\u305b\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>Chris Souther &#8212; B. Riley Securities &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3053\u308c\u306f\u79c1\u306e\u8cea\u554f\u3067\u3059\u3002150\u5104\u30c9\u30eb\u306e\u96fb\u89e3\u69fd\u306e\u8ca9\u58f2\u7d4c\u8def\u306b\u3064\u3044\u3066\u3001\u5c11\u3057\u304a\u8a71\u3044\u305f\u3060\u3051\u307e\u3059\u304b\uff1f\u5730\u57df\u3054\u3068\u306e\u6d3b\u52d5\u3084\u3001\u9867\u5ba2\u304c\u7d0d\u54c1\u3092\u5e0c\u671b\u3059\u308b\u6642\u671f\u306b\u3064\u3044\u3066\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002\u307e\u305f\u3001PTC\u306e\u5c0e\u5165\u306b\u3088\u308a\u3001\u7c73\u56fd\u5185\u3067\u306e\u96fb\u89e3\u69fd\u306e\u8ca9\u58f2\u6226\u7565\u3068\u3001\u30a4\u30f3\u30d5\u30e9\u3092\u81ea\u793e\u3067\u4fdd\u6709\u3059\u308b\u6226\u7565\u304c\u5909\u308f\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30a2\u30f3\u30c7\u30a3\u30fb\u30de\u30fc\u30b7\u30e5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\uff08CEO<\/p>\n<p>\u3068\u3066\u3082\u3044\u3044\u8cea\u554f\u3067\u3059\u306d\u3002\u73fe\u5728\u3001\u96fb\u89e3\u69fd\u306e\u8ca9\u58f2\u7db2\u306e70\uff5e80\uff05\u306f\u30e8\u30fc\u30ed\u30c3\u30d1\u3068\u4e2d\u6771\u306b\u3042\u308a\u3001\u305d\u3053\u304c\u4e2d\u5fc3\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u30025\u30e1\u30ac\u30ef\u30c3\u30c8\u306e\u5c0f\u898f\u6a21\u306a\u30b7\u30b9\u30c6\u30e0\u3067\u3082\u3001350\u4ef6\u4ee5\u4e0a\u306e\u30d3\u30b8\u30cd\u30b9\u30c1\u30e3\u30f3\u30b9\u304c\u3042\u308a\u307e\u3059\u3002\u3042\u307e\u308a\u601d\u3044\u3064\u304b\u306a\u3044\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u304c\u3001\u30dc\u30c8\u30eb\u88fd\u9020\u304b\u3089\u30b3\u30f3\u30af\u30ea\u30fc\u30c8\u88fd\u9020\u3001\u9244\u92fc\u88fd\u9020\u307e\u3067\u3001\u6c34\u7d20\u3067\u7089\u3092\u7a3c\u50cd\u3055\u305b\u305f\u3044\u3068\u8003\u3048\u3066\u3044\u308b\u4eba\u306f\u305f\u304f\u3055\u3093\u3044\u307e\u3059\u3002<\/p>\n<p>\u5c0f\u898f\u6a21\u306a\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u304c\u591a\u304f\u3001\u6b63\u76f4\u306a\u3068\u3053\u308d\u3001\u57fa\u672c\u7684\u306b\u81ea\u5df1\u5145\u8db3\u578b\u306e\u30b7\u30b9\u30c6\u30e0\u3067\u3042\u308b\u305f\u3081\u3001\u8fc5\u901f\u306b\u5c55\u958b\u3057\u3084\u3059\u3044\u306e\u3067\u3059\u3002\u4e0b\u534a\u671f\u306b\u51fa\u8377\u3059\u308b1\u51044,000\u4e07\u30c9\u30eb\u306e\u96fb\u89e3\u69fd\u306f\u3001\u307b\u3068\u3093\u3069\u304c5\u30e1\u30ac\u30ef\u30c3\u30c8\u7d1a\u306e\u30b3\u30f3\u30c6\u30ca\u3067\u3059\u3002\u6765\u5e74\u306e\u7b2c3\u56db\u534a\u671f\u306b\u306f\u3001\u58f2\u4e0a\u306e30%\u304b\u308945%\u304c\u96fb\u89e3\u69fd\u30d3\u30b8\u30cd\u30b9\u306b\u3088\u308b\u3082\u306e\u306b\u306a\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u30012025\u5e74\u307e\u3067\u306b\u306f\u3001\u305d\u308c\u304f\u3089\u3044\u306b\u306a\u308b\u306e\u3067\u306f\u306a\u3044\u304b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>Chris Souther &#8212; B. Riley Securities &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u305d\u308c\u3068\u3082\u3001\u6f5c\u5728\u7684\u306a\u5e02\u5834\u306e\u4f38\u3073\u3092\u30c1\u30e3\u30f3\u30b9\u3068\u3068\u3089\u3048\u3066\u3001\u4e21\u65b9\u3084\u308b\u3064\u3082\u308a\u3067\u3059\u304b\uff1f<\/p>\n<p>\u30a2\u30f3\u30c7\u30a3\u30fb\u30de\u30fc\u30b7\u30e5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u672c\u5f53\u306b\u3044\u3044\u8cea\u554f\u3067\u3059\u306d\u3001\u30af\u30ea\u30b9\u3002\u79c1\u306f&#8230;&#8230;\u3064\u307e\u308a\u3001\u3053\u306e\u7d4c\u55b6\u9663\u306f\u3053\u306e\u8cea\u554f\u306b\u3064\u3044\u3066\u3088\u304f\u8003\u3048\u3066\u304d\u307e\u3057\u305f\u3002\u80a5\u6599\u5de5\u5834\u3092\u30b5\u30dd\u30fc\u30c8\u3059\u308b\u305f\u3081\u306b\u6c34\u7d20\u30d7\u30e9\u30f3\u30c8\u3092\u5efa\u8a2d\u3057\u3001\u305d\u306e\u4e00\u90e8\u3092\u6240\u6709\u3057\u3001\u6db2\u4f53\u6c34\u7d20\u3092\u751f\u6210\u3057\u3066\u304a\u5ba2\u69d8\u3092\u30b5\u30dd\u30fc\u30c8\u3067\u304d\u308b\u3088\u3046\u306a\u72b6\u6cc1\u306b\u306a\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u8a73\u7d30\u306f\u7701\u304d\u307e\u3059\u304c\u3001\u96fb\u89e3\u69fd\u4e8b\u696d\u306e\u62e1\u5927\u306b\u3088\u308a\u3001\u30d1\u30fc\u30c8\u30ca\u30fc\u3068\u306e\u63d0\u643a\u3084\u30d7\u30e9\u30f3\u30c8\u306e\u5efa\u8a2d\u306b\u3064\u3044\u3066\u3001\u3053\u308c\u307e\u3067\u3068\u306f\u7570\u306a\u308b\u30e2\u30c7\u30eb\u3092\u958b\u767a\u3059\u308b\u53ef\u80fd\u6027\u3082\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u79c1\u306f\u4eca\u65e5\u3001\u3053\u3053\u30c6\u30ad\u30b5\u30b9\u30671\u30ae\u30ac\u30ef\u30c3\u30c8\u306e\u96fb\u89e3\u69fd\u5de5\u5834\u3092\u5efa\u8a2d\u3057\u3088\u3046\u3068\u3057\u3066\u3044\u308b\u4eba\u3068\u30df\u30fc\u30c6\u30a3\u30f3\u30b0\u3092\u3057\u307e\u3057\u305f\u3002\u305d\u306e\u969b\u3001\u305d\u306e\u96fb\u89e3\u69fd\u306e\u4e00\u90e8\u3092\u79c1\u305f\u3061\u304c\u6240\u6709\u3057\u3001\u5f15\u53d6\u5148\u3068\u3057\u3066\u5229\u7528\u3067\u304d\u306a\u3044\u304b\u3068\u3044\u3046\u8a71\u306b\u306a\u308a\u307e\u3057\u305f\u3002\u305d\u3046\u3059\u308c\u3070\u3001\u8cc7\u672c\u30b3\u30b9\u30c8\u3092\u524a\u6e1b\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3057\u3001\u3088\u308a\u8fc5\u901f\u306b\u4e8b\u696d\u3092\u62e1\u5927\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u3054\u8cea\u554f\u306b\u5bfe\u3059\u308b\u7b54\u3048\u306f\u3001\u79c1\u305f\u3061\u306f\u305d\u306e\u3053\u3068\u3092\u3088\u304f\u8003\u3048\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>Chris Souther &#8212; B. Riley Securities &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002OK\u3067\u3059\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u4eca\u5f8c\u3068\u3082\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30a2\u30f3\u30c7\u30a3\u30fb\u30de\u30fc\u30b7\u30e5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n[\u6b21\u306e\u8cea\u554f\u306f\u3001H.C.\u30a6\u30a7\u30a4\u30f3\u30e9\u30a4\u30c8\u306e\u30b5\u30df\u30a2\u30fb\u30b8\u30e7\u30b7\u304b\u3089\u3067\u3059\u3002\u3054\u8cea\u554f\u306e\u5185\u5bb9\u3092\u304a\u805e\u304b\u305b\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>Sameer Joshi &#8212; H.C. Wainwright and Company &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u307f\u306a\u3055\u3093\u3001\u3053\u3093\u306b\u3061\u306f\u3002\u79c1\u306e\u8cea\u554f\u306b\u7b54\u3048\u3066\u304f\u308c\u3066\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u30023\u30da\u30fc\u30b8\u306e\u30ec\u30bf\u30fc\u306b\u3042\u308b\u30c1\u30e3\u30fc\u30c8\u306f\u3001\u6c34\u7d20\u306e\u30c7\u30ea\u30d0\u30ea\u30fc\u30b3\u30b9\u30c8\u3092\u8003\u616e\u3057\u305f\u3082\u306e\u3067\u3057\u3087\u3046\u304b\u3001\u305d\u308c\u3068\u3082\u73fe\u5730\u751f\u7523\u3092\u60f3\u5b9a\u3057\u305f\u3082\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30a2\u30f3\u30c7\u30a3\u30fb\u30de\u30fc\u30b7\u30e5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\uff08CEO<\/p>\n<p>\u305d\u308c\u306fSanjay\u306b\u4efb\u305b\u307e\u3059\u3002\u305f\u3060\u3001\u30b0\u30ec\u30fc\u306e\u6c34\u7d20\u3067\u3082\u30b0\u30ea\u30fc\u30f3\u306e\u6c34\u7d20\u3067\u3082\u3001\u914d\u9001\u30b3\u30b9\u30c8\u306f\u540c\u3058\u306b\u306a\u308a\u307e\u3059\u3002\u3067\u306f\u3001\u30b5\u30f3\u30b8\u30a7\u30a4\u3001\u3069\u3046\u305e\u3002<\/p>\n<p>\u30b5\u30f3\u30b8\u30e3\u30a4\u30fb\u30b7\u30e5\u30ec\u30b9\u30bf &#8212; \u30c1\u30fc\u30d5\u30fb\u30b9\u30c8\u30e9\u30c6\u30b8\u30fc\u30fb\u30aa\u30d5\u30a3\u30b5\u30fc<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3001\u30a2\u30f3\u30c7\u30a3\u3002\u3057\u304b\u3057\u3001Sameer\u3001\u305d\u308c\u306f\u672c\u5f53\u306b\u73fe\u5834\u3067\u306e\u8a71\u306a\u306e\u3067\u3059\u306d\uff1f\u305d\u306e\u305f\u3081\u3001\u305d\u306e\u30c1\u30e3\u30fc\u30c8\u81ea\u4f53\u306e\u914d\u9001\u30b3\u30b9\u30c8\u306f\u8003\u616e\u3055\u308c\u3066\u3044\u307e\u305b\u3093\u3002<\/p>\n<p>Sameer Joshi &#8212; H.C. Wainwright and Company &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u4e86\u89e3\u3057\u307e\u3057\u305f\u3002\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u305d\u308c\u304b\u3089\u3001\u3053\u308c\u306fPaul\u306b\u5411\u3051\u305f\u8cea\u554f\u3067\u3059\u3002\u904e\u53bb2\u56db\u534a\u671f\u306e\u5728\u5eab\u7a4d\u307f\u5897\u3057\u306b\u3064\u3044\u3066\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002\u8a08\u753b\u7684\u306a\u5728\u5eab\u7a4d\u307f\u5897\u3057\u306a\u306e\u304b\u3001\u305d\u308c\u3068\u3082\u8ca9\u58f2\u306b\u9045\u308c\u304c\u51fa\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>Paul Middleton &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO<\/p>\n<p>\u4e0b\u671f\u306f\u672c\u5f53\u306b\u5148\u3092\u898b\u8d8a\u3057\u3066\u3044\u307e\u3059\u3002\u3068\u3044\u3046\u306e\u3082\u3001\u3053\u308c\u307e\u3067\u306e\u8ca9\u58f2\u72b6\u6cc1\u3092\u898b\u308b\u3068\u3001\u4e0a\u671f\u304c3\u5206\u306e1\u3001\u4e0b\u671f\u304c3\u5206\u306e2\u3068\u3044\u3046\u611f\u3058\u3067\u3057\u305f\u3002\u4e0b\u671f\u306e\u58f2\u4e0a\u306f\u3001\u6628\u5e74\u306e\u307b\u307c\u3001\u3044\u3084\u3001\u5168\u671f\u9593\u3092\u901a\u3057\u3066\u306e\u58f2\u4e0a\u3092\u4e0a\u56de\u308a\u307e\u3059\u3002<\/p>\n<p>\u3067\u3059\u304b\u3089\u3001\u3053\u308c\u306f\u5927\u304d\u306a\u5f8c\u62bc\u3057\u3067\u3059\u3002\u305d\u308c\u3092\u652f\u3048\u308b\u305f\u3081\u306b\u3001\u65b0\u3057\u3044\u8a2d\u5099\u3068\u751f\u7523\u3092\u5897\u5f37\u3057\u3066\u3044\u307e\u3059\u3057\u3001\u6765\u5e74\u524d\u534a\u4ee5\u964d\u3082\u540c\u3058\u3053\u3068\u3092\u3059\u308b\u4e88\u5b9a\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u4e0b\u671f\u3082\u3053\u306e\u72b6\u6cc1\u304c\u7d9a\u304f\u3068\u306f\u601d\u3048\u307e\u305b\u3093\u3002\u3057\u304b\u3057\u3001\u305d\u308c\u306f\u4e0b\u534a\u671f\u306b\u63d0\u4f9b\u3067\u304d\u308b\u3088\u3046\u306b\u3059\u308b\u305f\u3081\u306b\u69cb\u7bc9\u3057\u3066\u3044\u308b\u3059\u3079\u3066\u306e\u6210\u9577\u306b\u5411\u3051\u3066\u63a8\u9032\u3055\u308c\u3066\u3044\u308b\u306e\u3067\u3059\u3002<\/p>\n<p>Sameer Joshi &#8212; H.C. Wainwright and Company &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u4e86\u89e3\u3057\u307e\u3057\u305f\u3002\u6700\u5f8c\u306b\u3001Paul\u306b\u3082\u304a\u9858\u3044\u3057\u307e\u3059\u3002\u8ca9\u58f2\u7ba1\u7406\u8cbb\u306e\u524d\u56db\u534a\u671f\u306e\u5897\u52a0\u984d\u306f1,500\u4e07\u30c9\u30eb\u304b\u30891,600\u4e07\u30c9\u30eb\u306b\u9054\u3057\u3066\u3044\u307e\u3059\u3002\u4eca\u5f8c\u6570\u56db\u534a\u671f\u306b\u308f\u305f\u3063\u3066\u3053\u306e\u6c34\u6e96\u304c\u7d9a\u304f\u306e\u3067\u3057\u3087\u3046\u304b\u3001\u305d\u308c\u3068\u3082\u8ca9\u7ba1\u8cbb\u306e\u3055\u3089\u306a\u308b\u5897\u52a0\u3092\u898b\u8fbc\u3093\u3067\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n<p>Paul Middleton &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u5e74\u521d\u306b1\u5104\u30c9\u30eb\u304b\u30891\u51041,000\u4e07\u30c9\u30eb\u3068\u3044\u3046\u6570\u5b57\u3092\u51fa\u3057\u305f\u3068\u601d\u3044\u307e\u3059\u3002\u4eca\u671f\u306f\u30de\u30a4\u30af\u30ed\u30bd\u30d5\u30c8\u306e\u30d7\u30ed\u30b0\u30e9\u30e0\u3084\u305d\u306e\u4ed6\u306e\u65b0\u88fd\u54c1\u306e\u767a\u58f2\u304c\u3042\u3063\u305f\u305f\u3081\u3001\u5c11\u3057\u91cd\u304f\u306a\u3063\u305f\u3088\u3046\u3067\u3059\u3002\u3057\u304b\u3057\u30011\u5104\u30c9\u30eb\u304b\u30891\u51041,000\u4e07\u30c9\u30eb\u3068\u3044\u3046\u306e\u306f\u3001\u4eca\u5f8c\u306b\u5411\u3051\u305f\u826f\u3044\u6307\u6a19\u306b\u306a\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>Sameer Joshi &#8212; H.C. Wainwright and Company &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u4e86\u89e3\u3057\u307e\u3057\u305f\u3002\u3042\u308a\u304c\u3068\u3046\u3001\u30dd\u30fc\u30eb\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306f\u3001BMO\u306eAmeet Thakkar\u304b\u3089\u3067\u3059\u3002\u3054\u8cea\u554f\u306e\u5185\u5bb9\u3092\u304a\u805e\u304b\u305b\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>Ameet Thakkar &#8212; BMO Capital Markets &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3069\u3046\u3082\u3001\u3053\u3093\u306b\u3061\u306f\u3002\u6642\u9593\u3092\u5272\u3044\u3066\u3044\u305f\u3060\u3044\u3066\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u30022025\u5e74\u306b\u65e5\u7523500\u30c8\u30f3\u3068\u3044\u3046\u751f\u7523\u91cf\u306e\u898b\u901a\u3057\u306b\u3064\u3044\u3066\u3001\u7c21\u5358\u306b\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u3053\u308c\u306f\u3059\u3079\u3066\u7c73\u56fd\u5185\u306e\u8a71\u306a\u306e\u3067\u3057\u3087\u3046\u304b\u3001\u305d\u308c\u3068\u3082\u4e16\u754c\u7684\u306a\u8a71\u306a\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u307e\u305f\u3001PTC\u304c\u3069\u306e\u3088\u3046\u306b\u6700\u7d42\u640d\u76ca\u306b\u53cd\u6620\u3055\u308c\u308b\u304b\u3092\u8003\u3048\u3066\u307f\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u30a2\u30f3\u30c7\u30a3\u30fb\u30de\u30fc\u30b7\u30e5\uff08Andy Marsh\uff09\uff1a\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u308c\u306fSanjay\u306b\u4efb\u305b\u307e\u3059\u3002<\/p>\n<p>Sanjay Shrestha\uff08\u30b5\u30f3\u30b8\u30a7\u30a4\u30fb\u30b7\u30e5\u30ec\u30b9\u30bf\uff09 &#8212; \u6700\u9ad8\u6226\u7565\u8cac\u4efb\u8005<\/p>\n<p>\u30a2\u30f3\u30c7\u30a3\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u3053\u306e\u70b9\u306b\u3064\u3044\u3066\u306f\u3001\u4ee5\u524d\u306e\u96fb\u8a71\u4f1a\u8b70\u3067\u3082\u89e6\u308c\u307e\u3057\u305f\u304c\u3001\u5317\u7c73\u3067\u306f500\u30c8\u30f3\u3068\u3044\u3046\u306e\u304c\u5b9f\u969b\u306e\u3068\u3053\u308d\u3067\u3059\u30022028\u5e74\u306b\u306f1,000\u30c8\u30f3\u306b\u3057\u305f\u3044\u3068\u8a00\u3044\u307e\u3057\u305f\u304c\u3001\u5b9f\u306f\u3053\u308c\u306b\u306f\u30e8\u30fc\u30ed\u30c3\u30d1\u3082\u542b\u307e\u308c\u3066\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u30e8\u30fc\u30ed\u30c3\u30d1\u3067\u306e\u6d3b\u52d5\u3092\u8003\u3048\u308b\u3068\u3001\u3053\u306e500\u30c8\u30f3\u304c\u3082\u3063\u3068\u5897\u3048\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u306e\u3067\u306f\u306a\u3044\u304b\u3068\u3044\u3046\u3054\u6307\u6458\u304c\u3042\u308a\u307e\u3057\u305f\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u3053\u306e500\u30c8\u30f3\u3068\u3044\u3046\u6570\u5b57\u306f\u3001\u3042\u304f\u307e\u3067\u30822025\u5e74\u672b\u307e\u3067\u306e\u5317\u7c73\u3067\u306e\u751f\u7523\u91cf\u3092\u793a\u3057\u3066\u3044\u308b\u306e\u3067\u3059\u3002<\/p>\n<p>Ameet Thakkar &#8212; BMO Capital Markets &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>OK\u3067\u3059\u3002\u30b9\u30fc\u30d1\u30fc\u3067\u3059\u3002\u305d\u308c\u304b\u3089\u3001\u3061\u3087\u3046\u3069\u4eca\u3001PTC\u306b\u3064\u3044\u3066\u306e\u898b\u901a\u3057\u3092\u304a\u6301\u3061\u306e\u3088\u3046\u3067\u3059\u306d\u3002\u4ee5\u524d\u3001\u30b0\u30ea\u30fc\u30f3\u6c34\u7d20\u88fd\u9020\u306e70%\u306b\u3064\u3044\u3066\u30aa\u30d5\u30c6\u30fc\u30ab\u30fc\u3092\u63a2\u3059\u3068\u3044\u3046\u8a71\u3092\u3057\u307e\u3057\u305f\u304c\u3001PTC\u306f\u3053\u306e\u30ea\u30b9\u30af\u8efd\u6e1b\u306e\u4e00\u52a9\u306b\u306a\u308b\u3068\u601d\u308f\u308c\u307e\u3059\u3002<\/p>\n<p>\u305d\u308c\u3068\u3082\u3001\u3082\u3063\u3068\u751f\u7523\u91cf\u3092\u5897\u3084\u3057\u305f\u3044\u3068\u304a\u8003\u3048\u3067\u3059\u304b\uff1f\u305d\u308c\u3068\u3082\u3001\u9006\u306b\u30b9\u30af\u30e9\u30c3\u30d7\u30c6\u30a4\u30ab\u30fc\u306e\u5272\u5408\u3092\u5897\u3084\u3057\u305f\u3044\u3068\u304a\u8003\u3048\u3067\u3059\u304b\uff1f<\/p>\n<p>Sanjay Shrestha &#8212; \u6700\u9ad8\u6226\u7565\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u3053\u306e\u8cea\u554f\u306b\u3064\u3044\u3066\u306f\u3001\u3044\u304f\u3064\u304b\u30dd\u30a4\u30f3\u30c8\u304c\u3042\u308a\u307e\u3059\u306d\u30021\u3064\u306f\u3001\u91cd\u8981\u306a\u30dd\u30a4\u30f3\u30c8\u3060\u3068\u601d\u3046\u306e\u3067\u3059\u304c\u3001PTC\u306b\u306f\u3082\u30461\u3064\u3001\u8cc7\u672c\u5f62\u6210\u3068\u3044\u3046\u52b9\u679c\u304c\u3042\u308a\u307e\u3059\u3088\u306d\uff1fPTC\u304c\u3082\u305f\u3089\u3059\u3082\u3046\u3072\u3068\u3064\u306e\u30e1\u30ea\u30c3\u30c8\u306f\u3001\u8cc7\u672c\u5f62\u6210\u3067\u3059\u3002\u4eca\u3001\u79c1\u305f\u3061\u306e\u6295\u8cc7\u306e\u307b\u3068\u3093\u3069\u306f\u3001\u682a\u5f0f\u6295\u8cc7\u306b\u96c6\u4e2d\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u3053\u3068\u3082\u3001\u4eca\u5f8c\u3001\u5927\u304d\u306a\u30e1\u30ea\u30c3\u30c8\u3068\u306a\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u4eca\u3001\u79c1\u305f\u3061\u304c\u7d4c\u9a13\u3057\u3066\u3044\u308b\u306e\u306f\u3001\u305d\u3046\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u79c1\u305f\u3061\u306e\u7126\u70b9\u306f\u3001\u4f55\u3088\u308a\u3082\u307e\u305a\u512a\u5148\u3055\u305b\u305f\u3044\u3053\u3068\u3001\u305d\u308c\u306f\u79c1\u305f\u3061\u306b\u3068\u3063\u3066\u5909\u308f\u3063\u3066\u3044\u306a\u3044\u3053\u3068\u3060\u3068\u601d\u3046\u306e\u3067\u3059\u3002\u79c1\u305f\u3061\u306f\u3001\u304a\u5ba2\u3055\u307e\u3092\u5927\u5207\u306b\u3057\u305f\u3044\u306e\u3067\u3059\u3002\u3082\u3061\u308d\u3093\u3001\u53f0\u5ea7\u306e\u304a\u5ba2\u3055\u307e\u306b\u306f\u3001\u6c34\u7d20\u304c\u5207\u308c\u308b\u3053\u3068\u304c\u306a\u3044\u3088\u3046\u306b\u3057\u305f\u3044\u3002\u3082\u3061\u308d\u3093\u3001\u30da\u30c7\u30b9\u30bf\u30eb\u306e\u304a\u5ba2\u3055\u307e\u306b\u306f\u3001\u6c34\u7d20\u3092\u5207\u3089\u3055\u306a\u3044\u3088\u3046\u306b\u3057\u3066\u3042\u3052\u305f\u3044\u3057\u3001\u3055\u3089\u306b\u304a\u5ba2\u3055\u307e\u3092\u5897\u3084\u3057\u3066\u3044\u304d\u305f\u3044\u3002<\/p>\n<p>\u3057\u304b\u3057&#8230;&#8230;\u73fe\u6642\u70b9\u3067\u306f\u3001\u30d7\u30e9\u30f3\u30c8\u306e70%\u306e\u8ca0\u8377\u306b\u95a2\u3059\u308b\u898b\u89e3\u306f\u5909\u308f\u3063\u3066\u3044\u307e\u305b\u3093\u3002\u3057\u304b\u3057\u3001\u30a2\u30f3\u30c7\u30a3\u304c\u6587\u623f\u5177\u306e\u5e02\u5834\u306b\u3064\u3044\u3066\u89e6\u308c\u3066\u3044\u308b\u3088\u3046\u306b\u3001\u6587\u623f\u5177\u306e\u5e02\u5834\u306f\u79c1\u305f\u3061\u306e\u9867\u5ba2\u306b\u3068\u3063\u3066\u6c34\u7d20\u306e\u9700\u8981\u3092\u672c\u5f53\u306b\u3001\u672c\u5f53\u306b\u62bc\u3057\u4e0a\u3052\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u305d\u308c\u306f\u73fe\u6642\u70b9\u3067\u306f\u672a\u5b9a\u3067\u3059\u3002\u79c1\u305f\u3061\u306f\u305d\u306e\u8003\u3048\u3092\u5909\u3048\u3066\u3044\u307e\u305b\u3093\u3002\u3057\u304b\u3057\u3001\u3053\u306e\u3088\u3046\u306a\u72b6\u6cc1\u3092\u8003\u3048\u308b\u3068\u3001\u30d7\u30e9\u30f3\u30c8\u5168\u4f53\u3092\u58f2\u308a\u5207\u308d\u3046\u3068\u3059\u308b70\uff05\u3068\u3044\u3046\u6570\u5b57\u306f\u3001\u78ba\u304b\u306b\u3042\u308a\u5f97\u307e\u305b\u3093\u3002<\/p>\n<p>Ameet Thakkar &#8212; BMO Capital Markets &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u7d20\u6674\u3089\u3057\u3044\u3002\u672c\u5f53\u306b\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306fPiper Sandler\u306eKashy Harrison\u304b\u3089\u3067\u3059\u3002\u3054\u8cea\u554f\u306e\u5185\u5bb9\u3092\u304a\u805e\u304b\u305b\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>Kashy Harrison &#8212; Piper Sandler &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3053\u3093\u306b\u3061\u306f\u3001\u8cea\u554f\u3092\u304a\u53d7\u3051\u3044\u305f\u3060\u304d\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u4eca\u5e74\u306e\u30de\u30fc\u30b8\u30f3\u898b\u901a\u3057\u306b\u3064\u3044\u3066\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u3092\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>Paul Middleton &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u826f\u3044\u30cb\u30e5\u30fc\u30b9\u3068\u3057\u3066\u306f\u3001\u58f2\u4e0a\u304c\u6a5f\u5668\u306b\u5927\u304d\u304f\u96c6\u4e2d\u3059\u308b\u3053\u3068\u3067\u3059\u3002\u58f2\u4e0a\u9ad8\u306e\u69cb\u6210\u3068\u5f53\u793e\u306e\u6210\u9577\u3092\u898b\u3066\u3044\u305f\u3060\u3051\u308c\u3070\u308f\u304b\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u30de\u30fc\u30b8\u30f3\u306f\u78ba\u5b9f\u306b\u4f38\u3073\u3066\u3044\u304f\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>\u7b2c4\u56db\u534a\u671f\u3067\u3082\u30d7\u30e9\u30b9\u306b\u8ee2\u3058\u3001\u6700\u7d42\u7684\u306a\u30df\u30c3\u30af\u30b9\u6b21\u7b2c\u3067\u306f2\u6841\u306b\u9054\u3059\u308b\u53ef\u80fd\u6027\u3082\u3042\u308a\u307e\u3059\u30022\u3064\u307b\u3069\u5927\u304d\u306a\u51fa\u6765\u4e8b\u304c\u3042\u308a\u307e\u3059\u3002\u30a2\u30f3\u30c7\u30a3\u304c\u8a00\u3063\u305f\u3088\u3046\u306b\u3001\u96fb\u89e3\u69fd\u306e\u58f2\u4e0a\u3092\u6025\u62e1\u5927\u3055\u305b\u308b\u305f\u3081\u306b\u3001\u524d\u534a\u306e\u30d7\u30e9\u30f3\u30c8\u306e\u30b9\u30b1\u30fc\u30ea\u30f3\u30b0\u304b\u3089\u77ed\u671f\u7684\u306b\u306f\u6700\u5927\u9650\u306e\u751f\u7523\u306b\u79fb\u884c\u3057\u3066\u304a\u308a\u3001\u3053\u308c\u306f\u5927\u304d\u306a\u6a5f\u80fd\u5909\u5316\u3067\u3059\u3002\u6b8b\u308a\u306e2\u3064\u306f\u3001\u71c3\u6599\u3068\u30b5\u30fc\u30d3\u30b9\u3067\u3059\u3002<\/p>\n<p>\u71c3\u6599\u3068\u30b5\u30fc\u30d3\u30b9\u306b\u3064\u3044\u3066\u306f\u3001\u5f15\u304d\u7d9a\u304d\u5927\u304d\u304f\u524d\u9032\u3057\u3066\u3044\u307e\u3059\u3002\u7279\u306b\u30b5\u30fc\u30d3\u30b9\u306b\u3064\u3044\u3066\u306f\u3001\u4eca\u65e5\u3082\u30c1\u30fc\u30e0\u3068\u4e00\u7dd2\u306b\u4ed5\u4e8b\u3092\u3057\u307e\u3057\u305f\u3002\u73fe\u5834\u306e\u5f37\u5316\u3082\u542b\u3081\u3066\u3001\u79c1\u305f\u3061\u304c\u3084\u3063\u3066\u304d\u305f\u3053\u3068\u306e\u3044\u304f\u3064\u304b\u306f\u672c\u5f53\u306b\u5370\u8c61\u7684\u3067\u3057\u305f\u3002\u5834\u5408\u306b\u3088\u3063\u3066\u306f\u3001\u90e8\u54c1\u70b9\u6570\u309270%\u524a\u6e1b\u3059\u308b\u3053\u3068\u3082\u3067\u304d\u307e\u3057\u305f\u3002<\/p>\n<p>\u3053\u306e\u3088\u3046\u306a\u6210\u679c\u304c\u51fa\u59cb\u3081\u3066\u3044\u307e\u3059\u3002\u4e0b\u671f\u306b\u306f\u3082\u3063\u3068\u52b9\u679c\u304c\u51fa\u3066\u304f\u308b\u3068\u601d\u3044\u307e\u3059\u304c\u3001\u6765\u5e74\u306b\u306a\u308c\u3070\u3082\u3063\u3068\u5927\u304d\u306a\u30b9\u30c6\u30c3\u30d7\u30a2\u30c3\u30d7\u304c\u898b\u8fbc\u3081\u307e\u3059\u3002\u305d\u308c\u304b\u3089\u3001\u5148\u307b\u3069\u3082\u304a\u8a71\u3057\u3057\u305f\u3088\u3046\u306b\u3001\u71c3\u6599\u306f\u6765\u5e74\u524d\u534a\u306b\u672c\u683c\u7684\u306b\u7acb\u3061\u4e0a\u304c\u308a\u3001\u8a2d\u5099\u306e\u7acb\u3061\u4e0a\u3052\u3068PTC\u306e\u904b\u7528\u3092\u958b\u59cb\u3059\u308b\u4e88\u5b9a\u3067\u3059\u3002\u3053\u306e\u3088\u3046\u306b\u3001\u5e74\u9593\u3092\u901a\u3058\u3066\u9032\u884c\u3057\u3066\u3044\u304d\u307e\u3059\u304c\u300123\u5e74\u306b\u306f\u3044\u304f\u3064\u304b\u306e\u5927\u304d\u306a\u30a4\u30d9\u30f3\u30c8\u304c\u59cb\u307e\u308b\u306e\u3067\u3001\u5927\u304d\u306a\u30b9\u30c6\u30c3\u30d7\u306e\u6a5f\u80fd\u5909\u5316\u304c\u751f\u3058\u307e\u3059\u3002<\/p>\n<p>Kashy Harrison &#8212; Piper Sandler &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u305d\u308c\u306f\u7d20\u6674\u3089\u3057\u3044\u8272\u5408\u3044\u3067\u3059\u306d\u3002\u305d\u308c\u304b\u3089\u3001\u65b0\u3057\u3044\u30da\u30c7\u30b9\u30bf\u30eb\uff08\u53f0\u5ea7\uff09\u306e\u9867\u5ba2\u304c\u4f55\u4eba\u304b\u6765\u308b\u3088\u3046\u3067\u3059\u304c\u3001\u3053\u308c\u306f\u7d20\u6674\u3089\u3057\u3044\u3053\u3068\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u4e16\u754c\u7d4c\u6e08\u306e\u6e1b\u901f\u306b\u3064\u3044\u3066\u3001\u5fa1\u793e\u306e\u9867\u5ba2\u304b\u3089\u3069\u306e\u3088\u3046\u306a\u58f0\u304c\u4e0a\u304c\u3063\u3066\u3044\u308b\u306e\u304b\u6c17\u306b\u306a\u308a\u307e\u3059\u3002\u305d\u308c\u3068\u3082\u30012023\u5e74\u306b\u3064\u3044\u3066\u8003\u3048\u308b\u3068\u304d\u3001\u53f0\u5ea7\u306e\u9867\u5ba2\u304b\u3089\u306f\u307e\u3060\u6210\u9577\u3092\u7d9a\u3051\u308b\u6e96\u5099\u304c\u3067\u304d\u3066\u3044\u308b\u3068\u3044\u3046\u524d\u5411\u304d\u306a\u56de\u7b54\u3092\u5f97\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n<p>\u30a2\u30f3\u30c7\u30a3\u30fb\u30de\u30fc\u30b7\u30e5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u3044\u3044\u8cea\u554f\u3067\u3059\u306d\u3001Kashy\u3055\u3093\u3002\u79c1\u304b\u3089\u306f\u30012\u3064\u306e\u30e1\u30ea\u30c3\u30c8\u3092\u304a\u4f1d\u3048\u3057\u307e\u3059\u30021\u3064\u306f\u3001\u65b0\u3057\u3044\u304a\u5ba2\u69d8\u3092\u5897\u3084\u3059\u3053\u3068\u3067\u3001\u6e1b\u901f\u3092\u7de9\u548c\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u3082\u3046\u3072\u3068\u3064\u306f\u3001\u3042\u308b\u304a\u5ba2\u3055\u307e\u304c\u6e1b\u901f\u3057\u3001\u5225\u306e\u304a\u5ba2\u3055\u307e\u304c\u4e0a\u6607\u3059\u308b\u3068\u3044\u3046\u3053\u3068\u304c\u3042\u307e\u308a\u306a\u3044\u3053\u3068\u3067\u3059\u3002\u52b4\u50cd\u529b\u3092\u78ba\u4fdd\u3059\u308b\u306e\u304c\u96e3\u3057\u3044\u6642\u4ee3\u3001\u30b3\u30b9\u30c8\u3092\u4e0b\u3052\u308b\u65b9\u6cd5\u3092\u898b\u3064\u3051\u308b\u306e\u304c\u96e3\u3057\u3044\u6642\u4ee3\u3067\u3059\u3002\u5b9f\u306f\u3001\u8ca9\u58f2\u30d7\u30ed\u30bb\u30b9\u3067\u512a\u4f4d\u306b\u7acb\u3064\u3053\u3068\u304c\u3067\u304d\u308b\u306e\u3067\u3059\u3002\u4f55\u5e74\u3082\u4e00\u7dd2\u306b\u4ed5\u4e8b\u3092\u3057\u3066\u304d\u305f\u5927\u624b\u306e\u304a\u5ba2\u69d8\u304c\u3001\u53e4\u3044\u6280\u8853\u3067\u3042\u308b\u30d0\u30c3\u30c6\u30ea\u30fc\u306e\u6b8b\u9ab8\u3092\u71c3\u6599\u96fb\u6c60\u306b\u79fb\u884c\u3059\u308b\u305f\u3081\u306b\u3001\u672c\u5f53\u306b\u5287\u7684\u306b\u5909\u5316\u3055\u305b\u308b\u3053\u3068\u3092\u7d04\u675f\u3057\u3066\u304f\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u305d\u306e\u305f\u3081\u3001\u79c1\u305f\u3061\u306f&#8230;\u79c1\u304c\u898b\u305f\u3068\u3053\u308d\u3001\u591a\u5c11\u306e\u6df7\u4e71\u306f\u3042\u308a\u307e\u3057\u305f\u304c\u3001\u6e1b\u5c11\u3057\u305f\u3068\u306f\u601d\u3048\u307e\u305b\u3093\u3002\u3053\u306e\u3088\u3046\u306a\u53b3\u3057\u3044\u6642\u4ee3\u3092\u751f\u304d\u629c\u3044\u3066\u304d\u3066\u601d\u3046\u306e\u306f\u3001\u5e02\u5834\u30b7\u30a7\u30a2\u304c\u5c0f\u3055\u304f\u3066\u3082\u3001\u8ca9\u58f2\u30b3\u30b9\u30c8\u306e\u524a\u6e1b\u304c\u53ef\u80fd\u306a\u30d3\u30b8\u30cd\u30b9\u3067\u3042\u308c\u3070\u3001\u5b9f\u969b\u306b\u306f\u305a\u3063\u3068\u6709\u5229\u306a\u7acb\u5834\u306b\u3042\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u3053\u308c\u306f\u3001\u7269\u4e8b\u304c\u6e1b\u901f\u3057\u3001\u52b4\u50cd\u8005\u3092\u7372\u5f97\u3059\u308b\u306e\u304c\u53b3\u3057\u3044\u3068\u304d\u306b\u3001\u304b\u306a\u308a\u5f37\u529b\u306a\u30e1\u30c3\u30bb\u30fc\u30b8\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>Kashy Harrison &#8212; Piper Sandler &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u305d\u306e\u8272\u5408\u3044\u3092\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u611f\u8b1d\u3057\u307e\u3059\u3002\u6700\u5f8c\u306b1\u3064\u3060\u3051\u3001\u3053\u3063\u305d\u308a\u304a\u805e\u304b\u305b\u304f\u3060\u3055\u3044\u3002\u7c73\u56fd\u3068\u6b27\u5dde\u306e\u6c34\u7d20\u88fd\u9020\u306e\u5897\u5f37\u306b\u3064\u3044\u3066\u3001\u4eca\u5f8c\u306e\u8a2d\u5099\u6295\u8cc7\u306e\u898b\u901a\u3057\u306b\u3064\u3044\u3066\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u30e2\u30c7\u30eb\u5316\u306e\u305f\u3081\u306b\u30011\u53f0\u3042\u305f\u308a\u306e\u8a2d\u5099\u6295\u8cc7\u306b\u3064\u3044\u3066\u3001\u4f55\u304b\u826f\u3044\u7d4c\u9a13\u5247\u304c\u3042\u308c\u3070\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>Paul Middleton &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u79c1\u305f\u3061\u306e\u8a2d\u5099\u6295\u8cc7\u306e\u5927\u90e8\u5206\u306f\u3001\u30b0\u30ea\u30fc\u30f3\u6c34\u7d20\u306e\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u3067\u884c\u308f\u308c\u307e\u3059\u3002\u30a2\u30f3\u30c7\u30a3\u304c\u8a00\u3063\u305f\u3088\u3046\u306b\u3001\u751f\u7523\u80fd\u529b\u62e1\u5f35\u306e\u305f\u3081\u306b\u3044\u304f\u3064\u304b\u306e\u65bd\u8a2d\u3092\u5efa\u8a2d\u3057\u3066\u3044\u307e\u3059\u3002\u30a2\u30f3\u30c7\u30a3\u304c\u8a00\u3063\u305f\u3088\u3046\u306b\u3001PTC\u306e\u5c0e\u5165\u306b\u3088\u308a\u3001\u3055\u3089\u306b\u591a\u304f\u306e\u8a2d\u5099\u304c\u5fc5\u8981\u306b\u306a\u308b\u3053\u3068\u3092\u671f\u5f85\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u305d\u308c\u304c\u3069\u3046\u4f5c\u7528\u3059\u308b\u304b\u306f\u3053\u308c\u304b\u3089\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u3053\u308c\u307e\u3067\u8a71\u3057\u3066\u304d\u305f\u3088\u3046\u306b\u3001\u5e74\u959310\u5104\u30c9\u30eb\u3068\u3044\u3046\u306e\u306f\u826f\u3044\u76ee\u5b89\u306b\u306a\u308a\u307e\u3059\u3002\u3053\u308c\u3089\u306e\u5de5\u5834\u306f\u5927\u898f\u6a21\u306a\u3082\u306e\u3067\u3059\u3002500\u30c8\u30f3\u3092\u9054\u6210\u3059\u308b\u305f\u3081\u306b\u306f\u3001\u7a3c\u50cd\u7387\u3067\u5e74\u959310\u5104\u30c9\u30eb\u306e\u7bc4\u56f2\u306b\u5165\u308a\u307e\u3059\u3002<\/p>\n<p>\u30a2\u30f3\u30c7\u30a3\u30fb\u30de\u30fc\u30b7\u30e5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u30b5\u30f3\u30b8\u30a7\u30a4\u3001\u3042\u306a\u305f\u3001\u30dd\u30fc\u30eb\u3068\u79c1\u306f\u3001PTC\u306b\u3088\u3063\u3066\u306a\u305c\u8cc7\u672c\u8abf\u9054\u304c\u5bb9\u6613\u306b\u306a\u308b\u306e\u304b\u306b\u3064\u3044\u3066\u3001\u7d20\u6674\u3089\u3057\u3044\u4f1a\u8a71\u3092\u3057\u305f\u3068\u601d\u3044\u307e\u3059\u3002\u30b3\u30e1\u30f3\u30c8\u3092\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>Sanjay Shrestha &#8212; \u6700\u9ad8\u6226\u7565\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3001Kashy\u3055\u3093\u3002\u30dd\u30fc\u30eb\u3001\u3042\u306a\u305f\u304c\u3053\u3053\u3067\u304a\u3063\u3057\u3083\u3063\u305f\u3053\u3068\u3092\u88dc\u8db3\u3057\u3066\u304a\u304d\u307e\u3059\u3002PTC\u304c\u5c0e\u5165\u3055\u308c\u308b\u3068\u3001\u592a\u967d\u5149\u767a\u96fb\u3084\u98a8\u529b\u767a\u96fb\u306e\u8cc7\u672c\u5f62\u6210\u306b\u4f55\u304c\u8d77\u3053\u308b\u304b\u3001\u304a\u305d\u3089\u304f\u8ffd\u968f\u3059\u308b\u3053\u3068\u306b\u306a\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u5f53\u521d\u306f\u300110\u30e1\u30ac\u30ef\u30c3\u30c8\u306e\u592a\u967d\u5149\u767a\u96fb\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u3092\u8003\u3048\u3066\u3044\u308b\u4eba\u305f\u3061\u304c\u3001\u30a8\u30af\u30a4\u30c6\u30a3\u30fb\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u3092\u884c\u3046\u306e\u304c\u4e00\u822c\u7684\u3067\u3057\u305f\u3002\u3057\u304b\u3057\u7a81\u7136\u3001ITC\u3068\u592a\u967d\u5149\u767a\u96fb\u3001PTC\u3068\u98a8\u529b\u767a\u96fb\u306b\u3088\u3063\u3066\u3001\u8cc7\u672c\u69cb\u9020\u304c\u5909\u5316\u3057\u3001\u682a\u5f0f\u306f\u8cc7\u672c\u30b9\u30bf\u30c3\u30af\u306e20%\u306b\u904e\u304e\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308a\u307e\u3057\u305f\u3002\u305d\u306e1\u3002<\/p>\n<p>\u305d\u306e\u7d50\u679c\u3001\u518d\u751f\u53ef\u80fd\u30a8\u30cd\u30eb\u30ae\u30fc\u306b\u3088\u308b\u767a\u96fb\u306e\u30b3\u30b9\u30c8\u304c\u4e0b\u304c\u308a\u3001\u96fb\u529b\u306e\u5e73\u6e96\u5316\u30b3\u30b9\u30c8\u304c\u4e0b\u304c\u308a\u307e\u3059\u3002\u30b0\u30ea\u30fc\u30f3\u6c34\u7d20\u306ePTC\u3067\u3082\u3001\u307e\u3063\u305f\u304f\u540c\u3058\u30d1\u30bf\u30fc\u30f3\u304c\u5c55\u958b\u3055\u308c\u3066\u3044\u307e\u3059\u30021\u3064\u306f\u3001\u8cc7\u672c\u306e\u4f9b\u7d66\u6e90\u3001\u8cc7\u672c\u306e\u7a2e\u985e\u3001\u8cc7\u672c\u306e\u5229\u7528\u53ef\u80fd\u6027\u304c\u5287\u7684\u306b\u5411\u4e0a\u3057\u3001\u81ea\u5df1\u8cc7\u672c\u306e\u5897\u52a0\u3060\u3051\u3067\u3059\u3079\u3066\u3092\u8cc4\u308f\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u72b6\u6cc1\u306b\u306a\u3089\u306a\u304f\u306a\u308b\u3053\u3068\u3067\u3059\u3002\u30d0\u30c3\u30af\u30ec\u30d0\u30ec\u30c3\u30b8\u3067\u3082\u3001\u30bf\u30c3\u30af\u30b9\u30a8\u30af\u30a4\u30c6\u30a3\u3067\u3082\u3001\u3042\u3089\u3086\u308b\u5f62\u614b\u306e\u8cc7\u672c\u304c\u79c1\u305f\u3061\u3092\u52a9\u3051\u3066\u304f\u308c\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>1\u3064\u306f\u3001\u5897\u8a2d\u3092\u52a0\u901f\u3055\u305b\u308b\u3053\u3068\u3002\u305d\u3057\u30662\u3064\u76ee\u306f\u3001\u30b0\u30ea\u30fc\u30f3\u6c34\u7d20\u306e\u30b3\u30b9\u30c8\u3092\u4e0b\u3052\u7d9a\u3051\u308b\u3053\u3068\u3067\u3059\u3002\u3053\u308c\u306f\u3001\u904e\u53bb10\u5e74\u9593\u306b\u592a\u967d\u5149\u767a\u96fb\u696d\u754c\u306b\u8d77\u3053\u3063\u305f\u3053\u3068\u3068\u975e\u5e38\u306b\u3088\u304f\u4f3c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>Kashy Harrison &#8212; Piper Sandler &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u7d20\u6674\u3089\u3057\u3044\u3002<\/p>\n<p>Sanjay Shrestha &#8212; \u6700\u9ad8\u6226\u7565\u8cac\u4efb\u8005<\/p>\n<p>Kashy\u3055\u3093\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306fBTIG\u306e[Inaudible]\u304b\u3089\u3067\u3059\u3002\u3054\u8cea\u554f\u306e\u5185\u5bb9\u3092\u304a\u805e\u304b\u305b\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u767a\u8a00\u8005\u4e0d\u660e &#8212; BTIG &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3053\u3093\u306b\u3061\u306f\u3001\u304a\u5143\u6c17\u3067\u3059\u304b\uff1f\u79c1\u306e\u8cea\u554f\u3092\u805e\u3044\u3066\u304f\u308c\u3066\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u7d20\u6674\u3089\u3057\u3044\u3002\u30a4\u30f3\u30d5\u30ec\u6291\u5236\u6cd5\u306e\u4e0b\u3067\u3001PTC\u306f\u5225\u3068\u3057\u3066\u3001\u30d7\u30e9\u30b0\u793e\u306fUS\u30b9\u30c1\u30fc\u30eb\u306e\u56fd\u5185\u751f\u7523\u91cf\u8981\u4ef6\u3092\u5229\u7528\u3057\u3066\u8ffd\u52a0\u88dc\u52a9\u91d1\u3092\u5f97\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u307e\u305f\u3001\u4e8c\u90e8\u69cb\u6210\u306b\u3057\u305f\u3044\u306e\u3067\u3059\u304c\u3001\u305d\u306e\u5834\u5408\u3001\u305d\u306e\u8a2d\u5099\u306f\u5148\u307b\u3069\u30c6\u30ad\u30b5\u30b9\u3067\u767a\u8868\u3055\u308c\u305f120\u30e1\u30ac\u30ef\u30c3\u30c8\u30d7\u30e9\u30f3\u30c8\u306e\u3088\u3046\u306a\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u306b\u95a2\u9023\u3059\u308b\u3082\u306e\u3067\u3042\u308b\u5fc5\u8981\u304c\u3042\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30a2\u30f3\u30c7\u30a3\u30fb\u30de\u30fc\u30b7\u30e5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>Sharif\u3055\u3093\u3001\u3044\u308d\u3044\u308d\u3068\u3042\u308a\u307e\u3059\u306d\u3002\u305d\u3057\u3066\u3001\u3053\u308c\u3060\u3051\u306f\u8a00\u3063\u3066\u304a\u304d\u305f\u3044\u306e\u3067\u3059\u304c\u30011\u3064\u306f\u3001PTC\u306b\u3088\u3063\u30661\u30ad\u30ed\u30b0\u30e9\u30e03\u30c9\u30eb\u306e\u7a0e\u984d\u63a7\u9664\u304c\u53d7\u3051\u3089\u308c\u308b\u3053\u3068\u3067\u3059\u3002\u30d7\u30e9\u30b0\u306f\u73fe\u5728\u3001\u88fd\u54c1\u306b\u591a\u304f\u306e\u56fd\u7523\u6210\u5206\u3092\u542b\u3093\u3067\u3044\u307e\u3059\u3002\u4ed6\u306e\u4f01\u696d\u3068\u540c\u69d8\u3001\u3053\u306e\u7a2e\u306e\u8981\u4ef6\u3092\u6e80\u305f\u3059\u305f\u3081\u3060\u3051\u3067\u306a\u304f\u3001\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u3092\u77ed\u7e2e\u3059\u308b\u305f\u3081\u3067\u3082\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u79c1\u305f\u3061\u306f\u3001\u307e\u3059\u307e\u3059\u591a\u304f\u306e\u3053\u3068\u3092\u56fd\u7523\u3067\u884c\u3063\u3066\u3044\u307e\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u79c1\u305f\u3061\u306f\u78ba\u5b9f\u306a\u624b\u6bb5\u3092\u8b1b\u3058\u7d9a\u3051\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u3053\u308c\u306f\u7c73\u56fd\u306b\u9650\u3063\u305f\u3053\u3068\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002HYVIA\u3067\u306f\u3001\u30e8\u30fc\u30ed\u30c3\u30d1\u306e\u30b3\u30f3\u30c6\u30f3\u30c4\u3068\u305d\u306e\u4ee3\u7528\u54c1\u306b\u3064\u3044\u3066\u591a\u304f\u306e\u6642\u9593\u3092\u8cbb\u3084\u3057\u307e\u3057\u305f\u3002<\/p>\n<p>\u3067\u3059\u304b\u3089\u3001\u56fd\u5185\u306e\u30b3\u30f3\u30c6\u30f3\u30c4\u3092\u6700\u5927\u9650\u306b\u6d3b\u7528\u3057\u3001\u682a\u4e3b\u306e\u305f\u3081\u306b\u306a\u308b\u3088\u3046\u306a\u3001\u30d7\u30e9\u30b0\u306b\u3068\u3063\u3066\u6700\u3082\u53ce\u76ca\u6027\u306e\u9ad8\u3044\u3082\u306e\u3092\u6700\u5927\u9650\u306b\u6d3b\u7528\u3059\u308b\u65b9\u6cd5\u3092\u691c\u8a0e\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u767a\u8a00\u8005\u4e0d\u660e &#8212; BTIG &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u7d20\u6674\u3089\u3057\u3044\u3002\u79c1\u306e\u8cea\u554f\u3092\u805e\u3044\u3066\u304f\u308c\u3066\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30a2\u30f3\u30c7\u30a3\u30fb\u30de\u30fc\u30b7\u30e5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u3048\u3048\u3001\u7d20\u6674\u3089\u3057\u3044\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u56db\u534a\u671f\u306f\u3001Seaport Research Partners\u306eTom Curran\u304b\u3089\u3067\u3059\u3002\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>Tom Curran &#8212; Seaport Research Partners &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3053\u3093\u3070\u3093\u306f\u3002\u3053\u3093\u306b\u3061\u306f\u3001\u30a2\u30f3\u30c7\u30a3\u3002\u5927\u897f\u6d0b\u306e\u5411\u3053\u3046\u3067\u306f\u3001\u6700\u8fd1\u3001\u8457\u540d\u306a\u696d\u754c\u306e\u58f0\u3084\u3001\u96fb\u529b\u4f1a\u793e\u3084\u30a8\u30cd\u30eb\u30ae\u30fc\u306e\u30d9\u30c6\u30e9\u30f3\u5e79\u90e8\u304c\u3001\u6b27\u5dde\u59d4\u54e1\u4f1a\u304c\u30b0\u30ea\u30fc\u30f3\u6c34\u7d20\u306e\u9700\u8981\u30b5\u30a4\u30c9\u306b\u3064\u3044\u3066\u73fe\u5b9f\u7684\u3067\u306a\u3044\u3068\u306e\u61f8\u5ff5\u3092\u8868\u660e\u3057\u3066\u3044\u308b\u306e\u3092\u8033\u306b\u3057\u307e\u3057\u305f\u3002\u3069\u306e\u3088\u3046\u306a\u7528\u9014\u304c\u7d4c\u6e08\u7684\u306b\u5b9f\u73fe\u53ef\u80fd\u3067\u30b9\u30b1\u30fc\u30e9\u30d6\u30eb\u306a\u306e\u304b\u3001\u3042\u308b\u3044\u306f\u3001\u767a\u8868\u3055\u308c\u305f\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u304c\u5b9f\u969b\u306bFID\u3092\u9054\u6210\u3067\u304d\u308b\u3088\u3046\u3001\u3069\u308c\u3060\u3051\u7dca\u6025\u306b\u5341\u5206\u306a\u5bfe\u5fdc\u3092\u3057\u3066\u3044\u308b\u306e\u304b\u3001\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u5148\u307b\u3069\u3001\u6c34\u7d20\u30e2\u30d3\u30ea\u30c6\u30a3\u306eHYVIA JV\u3001\u5b9a\u7f6e\u7528\u96fb\u6e90\u306eTAM\u3001NH\u306e\u53f0\u5ea7\u3068\u306a\u308b2\u3064\u306e\u9867\u5ba2\u306e\u5897\u52a0\u306b\u3064\u3044\u3066\u3001\u5fc3\u5f37\u3044\u6700\u65b0\u60c5\u5831\u304c\u3042\u308a\u307e\u3057\u305f\u3002\u3057\u304b\u3057\u3001\u4e00\u6b69\u4e0b\u304c\u3063\u3066\u3001\u3053\u308c\u3089\u306e\u61f8\u5ff5\u306b\u3064\u3044\u3066\u8a71\u3057\u3066\u3044\u305f\u3060\u3051\u307e\u305b\u3093\u304b\uff1f\u307e\u305f\u3001\u6b27\u5dde\u306e\u4e3b\u8981\u306a\u30a4\u30f3\u30d5\u30e9\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u304cFID\u306b\u81f3\u308b\u30da\u30fc\u30b9\u306b\u3064\u3044\u3066\u3001\u3069\u306e\u3088\u3046\u306b\u304a\u8003\u3048\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n<p>\u30a2\u30f3\u30c7\u30a3\u30fb\u30de\u30fc\u30b7\u30e5\uff08Andy Marsh\uff09 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u30c8\u30e0 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Curran &#8212; Seaport Research Partners &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u305d\u306e\u3088\u3046\u306a\u7591\u554f\u3084\u5fc3\u914d\u306b\u76f4\u63a5\u304a\u7b54\u3048\u3044\u305f\u3060\u3051\u308c\u3070\u3068\u601d\u3044\u307e\u3059\u3002\u305d\u308c\u304b\u3089\u3001\u30dd\u30fc\u30eb\u3001\u5e74\u672b\u307e\u3067\u306b\u53ce\u652f\u5747\u8861\u3092\u9054\u6210\u3059\u308b\u305f\u3081\u306b\u30b5\u30fc\u30d3\u30b9\u304c\u30ab\u30d0\u30fc\u3059\u3079\u304d\u6b8b\u308a\u306e\u9818\u57df\u306b\u3064\u3044\u3066\u3067\u3059\u304c\u3001\u7b2c2\u56db\u534a\u671f\u306e\u30de\u30a4\u30ca\u30b932\uff05\u306e\u7c97\u5229\u76ca\u7387\u304b\u3089\u4eca\u5e74\u4e2d\u306b\u53ce\u652f\u5747\u8861\u3092\u9054\u6210\u3059\u308b\u305f\u3081\u306e\u30ad\u30fc\u30c9\u30e9\u30a4\u30d0\u30fc\u306f\u4f55\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>Paul Middleton &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u52b4\u50cd\u529b\u306e\u30ec\u30d0\u30ec\u30c3\u30b8\u306f\u9593\u9055\u3044\u306a\u304f\u52a9\u3051\u306b\u306a\u308a\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u6b63\u76f4\u306a\u3068\u3053\u308d\u3001\u6700\u5927\u306e\u52b9\u679c\u306f\u30bf\u30c3\u30c1\u30dd\u30a4\u30f3\u30c8\u306e\u524a\u6e1b\u3067\u3001\u3053\u308c\u306f\u4fe1\u983c\u6027\u306e\u5411\u4e0a\u306b\u3082\u3064\u306a\u304c\u308a\u307e\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u3055\u307e\u3056\u307e\u306a\u30b3\u30f3\u30dd\u30fc\u30cd\u30f3\u30c8\u3084\u30b9\u30bf\u30c3\u30af\u3001\u305d\u306e\u4ed6\u306e\u30b3\u30f3\u30d5\u30a3\u30ae\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u3001\u65b0\u3057\u3044\u30bd\u30d5\u30c8\u30a6\u30a7\u30a2\u306e\u30a2\u30c3\u30d7\u30b0\u30ec\u30fc\u30c9\u306a\u3069\u3001\u3055\u307e\u3056\u307e\u306a\u30bd\u30ea\u30e5\u30fc\u30b7\u30e7\u30f3\u3092\u5c0e\u5165\u3057\u3001\u65b0\u3057\u3044\u30e6\u30cb\u30c3\u30c8\u306b\u5c0e\u5165\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3067\u3059\u304b\u3089\u3001\u30b2\u30fc\u30c8\u304b\u3089\u3059\u3050\u306b\u6027\u80fd\u306e\u5411\u4e0a\u304c\u898b\u3089\u308c\u307e\u3059\u3002\u3055\u3089\u306b\u91cd\u8981\u306a\u306e\u306f\u3001\u5c0e\u5165\u6e08\u307f\u306e\u6a5f\u5668\u306b\u5f8c\u4ed8\u3051\u3057\u3066\u9069\u7528\u3067\u304d\u308b\u3053\u3068\u3067\u3059\u3002\u307e\u305f\u3001\u5148\u307b\u3069\u7533\u3057\u4e0a\u3052\u305f\u3088\u3046\u306b\u3001\u3053\u308c\u3089\u306e\u6539\u5584\u306b\u3088\u308a\u3001\u90e8\u54c1\u70b9\u6570\u304c\u5287\u7684\u306b\u524a\u6e1b\u3055\u308c\u307e\u3057\u305f\u3002\u3064\u307e\u308a\u3001\u305d\u306e\u7d44\u307f\u5408\u308f\u305b\u3068\u3001\u52b4\u50cd\u529b\u306e\u6d3b\u7528\u304c\u91cd\u8981\u306a\u306e\u3067\u3059\u3002<\/p>\n<p>\u3064\u307e\u308a\u3001\u6765\u5e74\u306f150\u62e0\u70b9\u306b\u306a\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u305d\u3046\u3067\u3059\u306d &#8212; \u305d\u308c\u306f\u4f55\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30a2\u30f3\u30c7\u30a3\u30fb\u30de\u30fc\u30b7\u30e5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u3055\u3089\u306b\u30cf\u30fc\u30c9\u30a6\u30a7\u30a2\u3082\u5897\u3048\u307e\u3059\u3002<\/p>\n<p>Paul Middleton &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u3002\u3053\u306e\u3088\u3046\u306a\u72b6\u6cc1\u304c\u7d9a\u3044\u3066\u3044\u307e\u3059\u304c\u3001\u3053\u308c\u304c\u8ecc\u9053\u306b\u4e57\u308a\u59cb\u3081\u308b\u3068\u3001\u9593\u3082\u306a\u304f\u304b\u306a\u308a\u306e\u727d\u5f15\u529b\u3092\u767a\u63ee\u3059\u308b\u3053\u3068\u306b\u306a\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>Tom Curran &#8212; Seaport Research Partners &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u307e\u305f\u3001\u6700\u65b0\u4e16\u4ee3\u306e\u30b9\u30bf\u30c3\u30af\u306e\u65b0\u898f\u30a4\u30f3\u30b9\u30c8\u30fc\u30eb\u30d9\u30fc\u30b9\u304c\u62e1\u5927\u3057\u7d9a\u3051\u3066\u3044\u308b\u3053\u3068\u306b\u3088\u308b\u30e1\u30ea\u30c3\u30c8\u3082\u3042\u308a\u307e\u3059\u306d\uff1f<\/p>\n<p>Paul Middleton &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u3048\u3048\u3001\u305d\u306e\u901a\u308a\u3067\u3059\u3002\u307e\u305f\u3001\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u3092\u6d3b\u7528\u3059\u308b\u3053\u3068\u3067\u3001\u5168\u4f53\u7684\u306a\u52b4\u50cd\u529b\u3092\u6d3b\u7528\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n<p>Tom Curran &#8212; Seaport Research Partners &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u79c1\u306e\u8cea\u554f\u306b\u7b54\u3048\u3066\u3044\u305f\u3060\u304d\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306fRBC\u30ad\u30e3\u30d4\u30bf\u30eb\u30de\u30fc\u30b1\u30c3\u30c4\u306e\u30b8\u30e7\u30bb\u30d5\u30fb\u30b9\u30d1\u30c3\u30af\u304b\u3089\u3067\u3059\u3002\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30b8\u30e7\u30bb\u30d5\u30fb\u30b9\u30d1\u30c3\u30af &#8212; RBC\u30ad\u30e3\u30d4\u30bf\u30eb\u30fb\u30de\u30fc\u30b1\u30c3\u30c4 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3069\u3046\u3082\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002Andy\u3001\u3042\u306a\u305f\u306f\u4f55\u5ea6\u304b\u3001Plug\u304cPTC\u3092\u6301\u3061\u3053\u305f\u3048\u3089\u308c\u308b\u3068\u601d\u3046\u3068\u304a\u3063\u3057\u3083\u3063\u3066\u3044\u307e\u3057\u305f\u306d\u3002\u3082\u3057PTC\u3092\u901a\u3055\u306a\u3044\u306e\u3067\u3042\u308c\u3070\u3001\u3069\u3046\u3084\u3063\u3066\u30b0\u30ea\u30fc\u30f3\u6c34\u7d20\u306e\u521d\u671f\u7af6\u4e89\u529b\u3092\u7372\u5f97\u3059\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30a2\u30f3\u30c7\u30a3\u30fb\u30de\u30fc\u30b7\u30e5\uff08Andy Marsh\uff09 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u4e00\u6b69\u4e0b\u304c\u3063\u3066\u8003\u3048\u3066\u307f\u308b\u3068\u3001\u3055\u307e\u3056\u307e\u306a\u554f\u984c\u304c\u3042\u308a\u307e\u3059\u3002\u96fb\u89e3\u69fd\u306e\u30d3\u30b8\u30cd\u30b9\u3067\u306f\u3001\u660e\u3089\u304b\u306b\u5f53\u793e\u306e\u9867\u5ba2\u304c\u305d\u308c\u3092\u5229\u7528\u3057\u3066\u3044\u307e\u3059\u3002\u5148\u307b\u3069\u7533\u3057\u4e0a\u3052\u305f\u3088\u3046\u306b\u3001\u6c34\u7d20\u306b\u3064\u3044\u3066\u306f\u3059\u3067\u306b\u9867\u5ba2\u3068\u306e\u5951\u7d04\u304c\u3042\u308a\u3001\u30b8\u30e7\u30fc\u3001\u79c1\u305f\u3061\u306f\u305d\u308c\u3092\u30d5\u30eb\u306b\u6d3b\u7528\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u305d\u3057\u30663\u3064\u76ee\u306e\u9805\u76ee\u3067\u3059\u304c\u3001\u79c1\u306f\u30b3\u30e1\u30f3\u30c8\u306e\u4e2d\u3067\u3001PTC\u306e\u4e00\u90e8\u3092\u4ed6\u306e\u9867\u5ba2\u3068\u5171\u6709\u3059\u308b\u7acb\u5834\u306b\u306a\u308b\u3060\u308d\u3046\u3068\u8ff0\u3079\u307e\u3057\u305f\u3002<\/p>\n<p>\u305d\u3057\u3066\u3001\u305d\u306e\u3088\u3046\u306a\u30df\u30c3\u30af\u30b9\u306b\u306a\u308b\u306e\u3060\u3068\u601d\u3044\u307e\u3059\u3002\u305d\u306e\u3088\u3046\u306b\u7533\u3057\u4e0a\u3052\u305f\u3064\u3082\u308a\u3067\u3059\u304c\u3001\u9577\u96fb\u8a71\u306b\u306a\u3063\u3066\u3057\u307e\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>Joseph Spak &#8212; RBC Capital Markets &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u3053\u308c\u306f\u975e\u5e38\u306b\u521d\u671f\u306e\u6bb5\u968e\u3067\u3042\u308a\u3001\u4e88\u5099\u7684\u306a\u3082\u306e\u3067\u3042\u308b\u3053\u3068\u306f\u627f\u77e5\u3057\u3066\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u6a5f\u80fd\u7684\u306b\u306f\u3069\u3046\u306a\u306e\u3067\u3057\u3087\u3046\u304b\u30025\u5104\u30c9\u30eb\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u5897\u52a0\u3068\u3044\u3046\u306e\u306f\u3001\u8a08\u7b97\u4e0a\u3067\u306f\u308f\u304b\u308a\u307e\u3059\u3088\u306d\uff1f\u3067\u3082\u3001\u5b9f\u969b\u306b\u306f\u3069\u3046\u306a\u3093\u3067\u3057\u3087\u3046\uff1f\u3042\u306a\u305f\u306f\u4eca\u3001\u7d0d\u7a0e\u8005\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u304b\u3089\u3002\u3067\u3059\u304b\u3089\u3001\u305d\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3092\u5b9f\u969b\u306b\u5f97\u308b\u305f\u3081\u306b\u3001\u3042\u308b\u7a2e\u306e\u4e8b\u696d\u4f53\u3092\u8a2d\u7acb\u3057\u3001\u7a0e\u91d1\u306e\u7cbe\u7dfb\u5316\u3092\u884c\u3046\u5fc5\u8981\u304c\u3042\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u30a2\u30f3\u30c7\u30a3\u30fb\u30de\u30fc\u30b7\u30e5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u6700\u521d\u306e5\u5e74\u9593\u306f\u3001\u76f4\u63a5\u652f\u6255\u3044\u307e\u3059\u3002<\/p>\n<p>Joseph Spak &#8212; RBC Capital Markets &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u305d\u3046\u3067\u3059\u3002\u305d\u3046\u3067\u3059\u3002\u3067\u306f\u3001\u305d\u306e5\u5104\u30c9\u30eb\u306f\u3001\u30af\u30ec\u30b8\u30c3\u30c8\u306e\u8ca9\u58f2\u306a\u3069\u306b\u3088\u308b\u73fe\u91d1\u53ce\u5165\u3067\u306f\u306a\u304f\u3001\u5b9f\u969b\u306b\u53ce\u76ca\u3068\u306a\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30a2\u30f3\u30c7\u30a3\u30fb\u30de\u30fc\u30b7\u30e5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u9593\u9055\u3063\u3066\u3044\u305f\u3089\u8a02\u6b63\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>Joseph Spak &#8212; RBC Capital Markets &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u30b3\u30b9\u30c8\u306e\u524a\u6e1b\u3067\u3059\u3002\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u305d\u308c\u304b\u3089\u6700\u5f8c\u306b\u3001\u305f\u3076\u3093\u90e8\u5c4b\u306e\u4e2d\u306e\u5927\u304d\u306a\u8c61\u3060\u3068\u601d\u3046\u306e\u3067\u3059\u304c\u3001\u8a31\u8a8d\u53ef\u306f\u660e\u3089\u304b\u306b\u975e\u5e38\u306b\u96e3\u3057\u304f\u3001\u6642\u9593\u304c\u304b\u304b\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u306d\u3002\u30bf\u30a4\u30df\u30f3\u30b0\u306b\u5bfe\u3059\u308b\u6700\u5927\u306e\u30ea\u30b9\u30af\u306f\u3053\u308c\u3067\u3057\u3087\u3046\u304b\uff1f\u307e\u305f\u3001\u305d\u306e\u9032\u6357\u72b6\u6cc1\u306b\u3064\u3044\u3066\u3001\u4f55\u304b\u3054\u6559\u793a\u3044\u305f\u3060\u3051\u307e\u3059\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n<p>\u30a2\u30f3\u30c7\u30a3\u30fb\u30de\u30fc\u30b7\u30e5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u308c\u306f\u3001\u6bce\u65e5\u8a31\u8a8d\u53ef\u3092\u6271\u3063\u3066\u3044\u308b\u4eba\u306b\u7b54\u3048\u3055\u305b\u307e\u3059\u3002\u30b5\u30f3\u30b8\u30a7\u30a4\uff1f<\/p>\n<p>Sanjay Shrestha &#8212; \u6700\u9ad8\u6226\u7565\u8cac\u4efb\u8005<\/p>\n<p>\u3067\u306f\u3001\u7e70\u308a\u8fd4\u3057\u306b\u306a\u308a\u307e\u3059\u304c\u3001\u4ed6\u306e\u958b\u767a\u4e8b\u696d\u3068\u540c\u3058\u3088\u3046\u306a\u3082\u306e\u3067\u3059\u306d\u3002\u30b8\u30e7\u30fc\u3001\u305d\u3046\u3067\u3059\u306d\u3001\u3054\u60f3\u50cf\u306e\u3068\u304a\u308a\u3067\u3059\u3002\u3064\u307e\u308a\u3001\u4e88\u60f3\u3088\u308a\u3082\u65e9\u304f\u7269\u4e8b\u3092\u9032\u3081\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u5206\u91ce\u3082\u3042\u308c\u3070\u3001\u305d\u3046\u3067\u306a\u3044\u5206\u91ce\u3082\u3042\u308b\u308f\u3051\u3067\u3059\u3002\u5b9f\u969b\u3001\u4e88\u60f3\u3088\u308a\u5c11\u3057\u6642\u9593\u304c\u304b\u304b\u308b\u72b6\u6cc1\u3082\u3042\u308a\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u3053\u3053\u3067\u5f37\u8abf\u3057\u305f\u3044\u306e\u306f\u30011\u65e5500\u30c8\u30f3\u3068\u3044\u3046\u306e\u306f\u3001\u5358\u306a\u308b500\u30c8\u30f3\u306e\u30c1\u30e3\u30f3\u30b9\u3067\u306f\u306a\u3044\u3001\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u305d\u308c\u3088\u308a\u3082\u306f\u308b\u304b\u306b\u5927\u304d\u306a\u30c1\u30e3\u30f3\u30b9\u306a\u306e\u3067\u3059\u3002<\/p>\n<p>\u3082\u3057\u30d7\u30e9\u30f3A\u304c\u5b9f\u73fe\u3057\u306a\u304b\u3063\u305f\u5834\u5408\u3001\u30d7\u30e9\u30f3B\u3084\u53ef\u80fd\u6027\u306e\u3042\u308b\u30d7\u30e9\u30f3C\u306f\u3069\u306e\u3088\u3046\u306b\u5b9f\u884c\u3055\u308c\u308b\u306e\u3067\u3057\u3087\u3046\u304b\u3002\u3067\u3059\u304b\u3089\u3001\u8a00\u3046\u307e\u3067\u3082\u306a\u304f\u3001\u8a31\u8a8d\u53ef\u306e\u529b\u5b66\u3092\u8003\u616e\u3059\u308b\u3068\u3001\u3053\u306e\u529b\u5b66\u304c\u306a\u304f\u306a\u308b\u3053\u3068\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u305d\u308c\u306f\u73fe\u5b9f\u306e\u3082\u306e\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u305d\u308c\u306f\u73fe\u5b9f\u306e\u3082\u306e\u3068\u306a\u308a\u3001\u305d\u3053\u306b\u5b58\u5728\u3059\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002\u5834\u5408\u306b\u3088\u3063\u3066\u306f\u3001\u79c1\u305f\u3061\u304c\u8003\u3048\u3066\u3044\u305f\u3088\u308a\u3082\u826f\u3044\u3053\u3068\u3082\u3042\u308a\u307e\u3059\u3002\u3057\u304b\u3057\u3001500\u30c8\u30f3\u306b\u5230\u9054\u3059\u308b\u307e\u3067\u306e\u9053\u306e\u308a\u306f\u3001\u660e\u3089\u304b\u306b\u305d\u308c\u3088\u308a\u3082\u9577\u3044\u306e\u3067\u3059\u3002<\/p>\n<p>Joseph Spak &#8212; RBC Capital Markets &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306f\u30a6\u30a7\u30eb\u30ba\u30fb\u30d5\u30a1\u30fc\u30b4\u306e\u30d7\u30e9\u30cd\u30b9\u30fb\u30b5\u30c6\u30a3\u30b7\u30e5\u304b\u3089\u3067\u3059\u3002\u3054\u8cea\u554f\u306e\u5185\u5bb9\u3092\u304a\u805e\u304b\u305b\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u30d7\u30e9\u30cb\u30fc\u30b9\u30fb\u30b5\u30c6\u30a3\u30b7\u30e5 &#8212; \u30a6\u30a7\u30eb\u30ba\u30fb\u30d5\u30a1\u30fc\u30b4\u8a3c\u5238 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3053\u3093\u306b\u3061\u306f\u3001\u30a2\u30f3\u30c7\u30a3\u30022\u3064\u307b\u3069\u7c21\u5358\u306a\u8cea\u554f\u3092\u3055\u305b\u3066\u304f\u3060\u3055\u3044\u3002PTC\u306f\u3001\u30b0\u30ea\u30fc\u30f3\u6c34\u7d20\u306e\u666e\u53ca\u3068\u30b3\u30b9\u30c8\u4f4e\u6e1b\u306b\u5f79\u7acb\u3064\u3068\u601d\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u4fa1\u683c\u8a2d\u5b9a\u306b\u304a\u3051\u308b\u3082\u3046\u3072\u3068\u3064\u306e\u91cd\u8981\u306a\u5909\u6570\u306f\u3001\u96fb\u89e3\u69fd\u306e\u30b3\u30b9\u30c8\u3060\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u305d\u3053\u3067\u3001\u96fb\u89e3\u69fd\u306e\u4fa1\u683c\u304c\u3069\u306e\u3088\u3046\u306b\u63a8\u79fb\u3057\u3066\u3044\u304f\u306e\u304b\u3092\u7406\u89e3\u3057\u305f\u3044\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u305d\u308c\u3068\u3082\u3001PTC\u306b\u3088\u3063\u3066\u591a\u304f\u306e\u9700\u8981\u304c\u751f\u307e\u308c\u305f\u306e\u3067\u3001\u96fb\u89e3\u69fd\u306e\u4fa1\u683c\u306f\u5b89\u5b9a\u3059\u308b\u3068\u304a\u8003\u3048\u3067\u3059\u304b\uff1f<\/p>\n<p>\u30a2\u30f3\u30c7\u30a3\u30fb\u30de\u30fc\u30b7\u30e5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u4eca\u65e5\u306e\u8a08\u753b\u3067\u306f\u300175\uff05\u304c\u96fb\u89e3\u539f\u6599\u3067\u3059\u3002\u3064\u307e\u308a\u3001\u305d\u308c\u304c\u3059\u3079\u3066\u3092\u7269\u8a9e\u3063\u3066\u3044\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u3067\u306f\u3001\u96fb\u89e3\u69fd\u306e\u4fa1\u683c\u53ce\u5165\u30b3\u30b9\u30c8\u306f\u4e0b\u304c\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u3082\u3061\u308d\u3093\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u30b3\u30b9\u30c8\u9762\u3067\u306f\u539f\u6599\u304c\u5727\u5012\u7684\u306b\u591a\u3044\u306e\u3067\u3001\u91cd\u8981\u306a\u306e\u306f\u51fa\u529b\u3067\u3001PTC\u305d\u306e\u3082\u306e\u304c\u5727\u5012\u7684\u306b\u591a\u3044\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>Praneeth Satish &#8212; Wells Fargo Securities &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u4e86\u89e3\u3057\u307e\u3057\u305f\u3002\u5c0f\u898f\u6a21\u306a\u30b0\u30ea\u30fc\u30f3\u6c34\u7d20\u65bd\u8a2d\u3068\u3001\u305d\u3053\u3067\u306e\u6210\u529f\u306b\u3064\u3044\u3066\u304a\u8a71\u304c\u3042\u308a\u307e\u3057\u305f\u3002\u3057\u304b\u3057\u3001PTC\u306b\u3088\u3063\u3066\u6c34\u7d20\u4fa1\u683c\u304c\u4e0b\u304c\u308a\u3001\u5e02\u5834\u898f\u6a21\u304c\u5927\u304d\u304f\u306a\u3063\u305f\u4eca\u3001\u9006\u306b\u5927\u898f\u6a21\u306a\u30b0\u30ea\u30fc\u30f3\u6c34\u7d20\u65bd\u8a2d\u3092\u5efa\u8a2d\u3059\u308b\u3053\u3068\u306e\u30e1\u30ea\u30c3\u30c8\u3068\u30c7\u30e1\u30ea\u30c3\u30c8\u3092\u6559\u3048\u3066\u3044\u305f\u3060\u3051\u307e\u305b\u3093\u304b\u3002\u96fb\u89e3\u69fd\u306e\u80fd\u529b\u3092\u96c6\u4e2d\u3055\u305b\u3066\u3001\u6c34\u7d20\u3092\u30ac\u30b9\u5316\u3057\u3001\u6db2\u5316\u305b\u305a\u306b\u30d1\u30a4\u30d7\u3067\u79fb\u52d5\u3055\u305b\u308b\u3053\u3068\u306f\u3001\u3044\u3064\u304b\u610f\u5473\u306e\u3042\u308b\u3053\u3068\u306b\u306a\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u30e1\u30ad\u30b7\u30b3\u6e7e\u5cb8\u306b\u306f\u591a\u304f\u306e\u7523\u696d\u9700\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u30e1\u30ad\u30b7\u30b3\u6e7e\u5cb8\u306b\u306f\u591a\u304f\u306e\u7523\u696d\u9700\u8981\u304c\u3042\u308a\u3001\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u306e\u5bb9\u91cf\u3082\u8c4a\u5bcc\u3067\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u76f8\u6027\u304c\u826f\u3044\u3088\u3046\u306b\u601d\u3048\u307e\u3059\u304c\u3001\u3042\u306a\u305f\u306e\u8003\u3048\u3092\u304a\u805e\u304b\u305b\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u30a2\u30f3\u30c7\u30a3\u30fb\u30de\u30fc\u30b7\u30e5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u79c1\u306f\u30a8\u30f3\u30b8\u30cb\u30a2\u3067\u3059\u304b\u3089\u3001\u300c\u306f\u3044\u300d\u3068\u300c\u306f\u3044\u300d\u3067\u7b54\u3048\u3089\u308c\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u4f8b\u3092\u6319\u3052\u307e\u3057\u3087\u3046\u3002\u79c1\u305f\u3061\u306f\u3001\u4e16\u754c\u4e2d\u306b80\u306e\u30dc\u30c8\u30ea\u30f3\u30b0\u5de5\u5834\u3092\u6301\u3064\u3001\u3042\u308b\u30dc\u30c8\u30eb\u30e1\u30fc\u30ab\u30fc\u3068\u53d6\u5f15\u3092\u3057\u3066\u3044\u307e\u3059\u3002\u6700\u7d42\u9867\u5ba2\u3067\u3042\u308b\u98f2\u6599\u30e1\u30fc\u30ab\u30fc\u3092\u6e80\u8db3\u3055\u305b\u308b\u305f\u3081\u306b\u30015\u30e1\u30ac\u30ef\u30c3\u30c8\u306e\u96fb\u89e3\u69fd\u3092\u73fe\u5730\u306b\u8a2d\u7f6e\u3057\u3001\u30b0\u30ea\u30fc\u30f3\u30dc\u30c8\u30eb\u3092\u751f\u7523\u3059\u308b\u3053\u3068\u304c\u7406\u60f3\u7684\u3067\u3059\u3002<\/p>\n<p>\u305d\u306e\u5834\u5408\u3001\u30b3\u30f3\u30af\u30ea\u30fc\u30c8\u88fd\u9020\u306a\u3069\u3001\u5c0f\u898f\u6a21\u306a\u3082\u306e\u306a\u3089\u3044\u304f\u3089\u3067\u3082\u5fdc\u7528\u304c\u52b9\u304d\u307e\u3059\u3002\u79c1\u306f\u3001\u6c34\u7d20\u306e\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u3092\u672c\u5f53\u306b\u4fe1\u3058\u3066\u3044\u307e\u3059\u3002\u6c34\u7d20\u30cf\u30d6\u3092\u69cb\u7bc9\u3059\u308b\u305f\u3081\u306e\u30a4\u30f3\u30d5\u30e9\u6cd5\u6848\u306f\u3001\u6c34\u7d20\u306e\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u3092\u69cb\u7bc9\u3059\u308b\u305f\u3081\u306e\u6700\u826f\u306e\u6295\u8cc7\u3067\u3042\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u6c34\u7d20\u306e\u30b3\u30b9\u30c8\u306f\u3001\u30d7\u30e9\u30f3\u30c8\u3092\u904b\u55b6\u3059\u308b\u898f\u6a21\u304c\u9055\u3046\u3060\u3051\u3067\u3001\u5287\u7684\u306b\u5909\u308f\u308b\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>\u5c0f\u898f\u6a21\u306b\u306a\u308c\u3070\u306a\u308b\u307b\u3069\u3001\u305d\u306e\u30b3\u30b9\u30c8\u306f\u5897\u5927\u3057\u307e\u3059\u3002\u305d\u306e\u3088\u3046\u306a\u5834\u5408\u306f\u3001\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u304c\u7406\u60f3\u7684\u3067\u3059\u3002\u30c7\u30f3\u30de\u30fc\u30af\u306eH2 Energy\u793e\u304c\u884c\u3063\u3066\u3044\u308b\u3088\u3046\u306b\u3001\u30b0\u30ea\u30fc\u30f3\u6c34\u7d20\u304c\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u306b\u4f9b\u7d66\u3055\u308c\u3001\u30b0\u30ea\u30fc\u30f3\u6c34\u7d20\u306e\u305f\u3081\u306e\u30d1\u30d6\u30ea\u30c3\u30af\u30fb\u30a2\u30af\u30bb\u30b9\u30fb\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u3068\u306a\u308b\u3001\u7d76\u597d\u306e\u6a5f\u4f1a\u3067\u3059\u3002\u3067\u3059\u304b\u3089&#8230;&#8230;\u3067\u3082\u3001\u7528\u9014\u3084\u5834\u6240\u3001\u305d\u3057\u3066\u6b63\u76f4\u306a\u3068\u3053\u308d\u3001\u6642\u9593\u6b21\u7b2c\u3060\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u672c\u5f53\u306b\u3044\u3044\u8cea\u554f\u3067\u3059\u306d\u3002\u79c1\u306f\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u306e\u5927\u30d5\u30a1\u30f3\u306a\u3093\u3067\u3059\u3002<\/p>\n<p>Praneeth Satish &#8212; Wells Fargo Securities &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306f\u30a6\u30a7\u30d0\u30fc\u30fb\u30ea\u30b5\u30fc\u30c1\u306e\u30b0\u30ec\u30c3\u30b0\u30fb\u30ef\u30b7\u30b3\u30a6\u30b9\u30ad\u30fc\u304b\u3089\u3067\u3059\u3002\u3054\u8cea\u554f\u306e\u5185\u5bb9\u3092\u304a\u805e\u304b\u305b\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>Greg Wasikowski &#8212; Webber Research &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3084\u3042\u3001\u307f\u3093\u306a\u3002\u8abf\u5b50\u306f\u3069\u3046\u3067\u3059\u304b\uff1f\u77ed\u304f\u3057\u307e\u3059\u3088\u30021\u3064\u3067\u5341\u5206\u3067\u3059\u3002\u524d\u56de\u306b\u7d9a\u3044\u3066\u306e\u304a\u8a71\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u6c34\u7d20\u306e\u4e2d\u6d41\u57df\u306e\u767a\u5c55\u306b\u3064\u3044\u3066\u3001\u3082\u3046\u5c11\u3057\u8a73\u3057\u304f\u304a\u8a71\u3044\u305f\u3060\u3051\u307e\u3059\u304b\uff1f\u5148\u307b\u3069\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u306e\u8a71\u304c\u51fa\u307e\u3057\u305f\u304c\u3001\u3053\u308c\u306f\u904e\u53bb\u306b\u8a71\u3057\u305f\u3068\u304a\u308a\u3001\u5c11\u306a\u304f\u3068\u3082\u898f\u6a21\u7684\u306b\u306f\u3082\u3046\u5c11\u3057\u5148\u306e\u8a71\u3067\u3059\u3002\u3057\u304b\u3057\u3001PTC\u306b\u3088\u3063\u3066\u3001\u3088\u308a\u5927\u91cf\u306e\u6c34\u7d20\u3092\u3088\u308a\u9577\u3044\u8ddd\u96e2\u3067\u8f38\u9001\u3059\u308b\u624b\u6bb5\u306b\u3064\u3044\u3066\u306e\u8003\u3048\u306f\u5909\u308f\u308a\u307e\u3057\u305f\u304b\uff1f<\/p>\n<p>\u30a2\u30f3\u30c7\u30a3\u30fb\u30de\u30fc\u30b7\u30e5\uff08Andy Marsh\uff09 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>Sanjay\u306b\u8a71\u3092\u8b72\u308a\u307e\u3059\u3002\u6c34\u7d20\u306e\u8f38\u9001\u3067\u6700\u3082\u30b3\u30b9\u30c8\u304c\u4f4e\u3044\u306e\u306f\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u3067\u3059\u3002<\/p>\n<p>Sanjay Shrestha &#8212; \u6700\u9ad8\u6226\u7565\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u306e\u901a\u308a\u3067\u3059\u3001\u30a2\u30f3\u30c7\u30a3\u3002Greg\u3001\u79c1\u305f\u3061\u306f\u3053\u306e\u5206\u91ce\u3067\u591a\u304f\u306e\u6d3b\u52d5\u3092\u5c55\u958b\u3057\u3066\u3044\u307e\u3059\u3002\u3067\u306f\u3001\u30b7\u30ca\u30ea\u30aa\u3092\u304a\u898b\u305b\u3057\u307e\u3057\u3087\u3046\u3002\u6700\u9069\u306a\u98a8\u529b\u767a\u96fb\u306e\u5834\u6240\u306b\u3064\u3044\u3066\u8003\u3048\u3066\u307f\u307e\u3057\u3087\u3046\u3002\u5b9f\u969b\u306b\u3001\u975e\u5e38\u306b\u5927\u898f\u6a21\u306a\u98a8\u529b\u767a\u96fb\u6240\u3067\u3001\u5bb9\u91cf\u4fc2\u6570\u304c\u975e\u5e38\u306b\u9ad8\u304f\u3001\u98a8\u529b\u767a\u96fb\u306e\u6700\u9069\u306a\u5e73\u6e96\u5316\u30b3\u30b9\u30c8\u304c\u5f97\u3089\u308c\u3001\u5b9f\u969b\u306b\u306f\u975e\u5e38\u306b\u4f4e\u3044\u6570\u5b57\u306b\u306a\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001\u5927\u898f\u6a21\u306a\u96fb\u89e3\u30d7\u30e9\u30f3\u30c8\u306f\u3001\u79c1\u305f\u3061\u304c\u304a\u5ba2\u69d8\u306e\u305f\u3081\u306b\u884c\u3063\u3066\u3044\u308b\u3053\u3068\u3067\u3042\u308a\u3001\u79c1\u305f\u3061\u81ea\u8eab\u306e\u305f\u3081\u306b\u3082\u884c\u3046\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u5c11\u91cf\u306e\u6c34\u7d20\u306e\u305f\u3081\u306b\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u3092\u6577\u8a2d\u3057\u3066\u3001\u7d4c\u6e08\u7684\u306b\u3046\u307e\u304f\u3044\u304b\u306a\u3044\u3088\u3046\u3067\u306f\u56f0\u308a\u307e\u3059\u306e\u3067\u3001\u4e3b\u8981\u306a\u4e2d\u6d41\u4f01\u696d\u6570\u793e\u3068\u8a71\u3092\u3057\u3066\u3001\u9069\u5207\u306a\u91cf\u3068\u7d4c\u6e08\u6027\u3092\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u3068\u3044\u3046\u306e\u3082\u3001\u5c11\u91cf\u306e\u6c34\u7d20\u306e\u305f\u3081\u306b\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u3092\u6577\u8a2d\u3057\u3066\u3082\u3001\u7d4c\u6e08\u6027\u304c\u6210\u308a\u7acb\u305f\u306a\u3044\u304b\u3089\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u304a\u305d\u3089\u304f\u3053\u306e\u5c55\u958b\u65b9\u6cd5\u306f\u3001\u65e2\u5b58\u306e\u30a8\u30cd\u30eb\u30ae\u30fc\u30a4\u30f3\u30d5\u30e9\u3068\u5909\u308f\u308a\u307e\u305b\u3093\u306d\u3002\u5927\u898f\u6a21\u306a\u518d\u751f\u53ef\u80fd\u30a8\u30cd\u30eb\u30ae\u30fc\u65bd\u8a2d\u3001\u5927\u898f\u6a21\u306a\u96fb\u89e3\u69fd\u3001\u6c17\u4f53\u6c34\u7d20\u3092\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u3067\u9001\u308b\u3053\u3068\u3067\u3001\u7d4c\u6e08\u6027\u3092\u6700\u9069\u5316\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u306e\u3067\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u7d4c\u6e08\u6027\u304c\u6700\u9069\u5316\u3055\u308c\u3001\u975e\u5e38\u306b\u9577\u3044\u8ddd\u96e2\u3092\u8f38\u9001\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n<p>\u305d\u3057\u3066\u3001\u9867\u5ba2\u307e\u3067\u306e\u30e9\u30b9\u30c8\u30ef\u30f3\u30de\u30a4\u30eb\u914d\u9001\u306b\u306f\u3001\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u3092\u88dc\u5b8c\u3059\u308b\u6db2\u4f53\u71c3\u6599\u306e\u30d7\u30e9\u30f3\u304c\u5fc5\u8981\u3067\u3057\u3087\u3046\u3002\u305d\u308c\u306f\u3053\u308c\u304b\u3089\u5c55\u958b\u3055\u308c\u308b\u3067\u3057\u3087\u3046\u3002\u73fe\u5728\u3001\u591a\u304f\u306e\u4f5c\u696d\u304c\u9032\u884c\u4e2d\u3067\u3059\u3002\u305d\u3057\u3066\u3001\u6d1e\u7a9f\u3067\u306e\u5927\u898f\u6a21\u306a\u8caf\u8535\u3092\u3069\u306e\u3088\u3046\u306b\u884c\u3046\u304b\u3001\u306a\u3069\u3092\u8003\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3054\u671f\u5f85\u304f\u3060\u3055\u3044\u3002\u3046\u307e\u304f\u3044\u3051\u3070\u3001\u3053\u306e\u5148\u3082\u3063\u3068\u304a\u8a71\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>Greg Wasikowski &#8212; Webber Research &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3001Sanjay\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u305d\u308c\u3067\u306f\u3001\u8cea\u554f\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u305d\u308c\u3067\u306f\u3001Andrew Marsh\u306b\u9589\u4f1a\u306e\u8f9e\u3092\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30a2\u30f3\u30c7\u30a3\u30fb\u30de\u30fc\u30b7\u30e5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>1\u6642\u959315\u5206\u3068\u3044\u3046\u9577\u4e01\u5834\u306b\u304a\u4ed8\u304d\u5408\u3044\u3044\u305f\u3060\u304d\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u7b2c4\u56de\u76ee\u306e\u30b7\u30f3\u30dd\u30b8\u30a6\u30e0\u306f\u300110\u670818\u65e5\u306819\u65e5\u306b\u30cb\u30e5\u30fc\u30e8\u30fc\u30af\u5dde\u30ed\u30c1\u30a7\u30b9\u30bf\u30fc\u306e\u30ae\u30ac\u30d5\u30a1\u30af\u30c8\u30ea\u30fc\u3067\u958b\u50ac\u3055\u308c\u308b\u4e88\u5b9a\u3067\u3059\u3002\u3053\u308c\u306f\u30cf\u30a4\u30d6\u30ea\u30c3\u30c9\u306a\u30a4\u30d9\u30f3\u30c8\u3068\u306a\u308a\u307e\u3059\u3002\u30a4\u30d9\u30f3\u30c8\u3084\u767b\u9332\u306e\u8a73\u7d30\u306b\u3064\u3044\u3066\u306f\u3001\u4eca\u5f8c\u6570\u30f6\u6708\u306e\u9593\u306b\u304a\u77e5\u3089\u305b\u3057\u307e\u3059\u3002<\/p>\n<p>\u7686\u3055\u3093\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>&nbsp;<\/p>\n<p>\u4ee5\u4e0a\u3067\u3059\u3002\u4ed6\u306e\u7ffb\u8a33\u5e0c\u671b\u3084\u3054\u611f\u60f3\u3092\u3044\u305f\u3060\u3051\u308b\u3068\u5b09\u3057\u3044\u3067\u3059\u3002<\/p>\n<p>\uff0a\u8aa4\u8a33\u306a\u3069\u304c\u3042\u308b\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3067\u306e\u53c2\u8003\u7a0b\u5ea6\u306b\u3057\u3066\u3044\u305f\u3060\u304d\u6295\u8cc7\u306f\u81ea\u5df1\u5224\u65ad\u3067\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30d6\u30ed\u30b0\u904b\u55b6\u306e\u52b1\u307f\u306b\u306a\u308a\u307e\u3059\u306e\u3067\u3001\u304a\u624b\u6570\u3067\u3059\u304c\u3001\u5fdc\u63f4\u306e\uff11\u65e5\uff11\u30af\u30ea\u30c3\u30af\u3092\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u81f4\u3057\u307e\u3059\u3002<\/p>\n<p>\u2193\u2193\uff1c\u5fdc\u63f4\u30af\u30ea\u30c3\u30af\u304a\u9858\u3044\u3057\u307e\u3059\uff1e<\/p>\n<p><a href=\"https:\/\/stock.blogmura.com\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/b.blogmura.com\/stock\/88_31.gif\" alt=\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751 \u682a\u30d6\u30ed\u30b0\u3078\" width=\"88\" height=\"31\" border=\"0\"><\/a><br \/>\n<a href=\"https:\/\/stock.blogmura.com\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\">\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n<p><a href=\"https:\/\/stock.blogmura.com\/stockinfo\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/b.blogmura.com\/stock\/stockinfo\/88_31.gif\" alt=\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751 \u682a\u30d6\u30ed\u30b0 \u682a\u5f0f\u6295\u8cc7\u60c5\u5831\u3078\" width=\"88\" height=\"31\" border=\"0\"><\/a><br \/>\n<a href=\"https:\/\/stock.blogmura.com\/stockinfo\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\">\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n<p><a href=\"https:\/\/stock.blogmura.com\/americastock\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/b.blogmura.com\/stock\/americastock\/88_31.gif\" alt=\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751 \u682a\u30d6\u30ed\u30b0 \u7c73\u56fd\u682a\u3078\" width=\"88\" height=\"31\" border=\"0\"><\/a><br \/>\n<a href=\"https:\/\/stock.blogmura.com\/americastock\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\">\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n<p><a href=\"https:\/\/stock.blogmura.com\/tenbagger\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/b.blogmura.com\/stock\/tenbagger\/88_31.gif\" alt=\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751 \u682a\u30d6\u30ed\u30b0 \u30c6\u30f3\u30d0\u30ac\u30fc\u3078\" width=\"88\" height=\"31\" border=\"0\"><\/a><br \/>\n<a href=\"https:\/\/stock.blogmura.com\/tenbagger\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\">\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u30d7\u30e9\u30b0\u30d1\u30ef\u30fc (PLUG)2022\u5e74\u7b2c2\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002 \u30af\u30ea\u30fc\u30f3\u30a8\u30cd\u30eb\u30ae\u30fc\u5206\u91ce\u3067\u6ce8\u76ee\u3055\u308c\u3066\u3044\u308b\u306e\u3067\u4e0b\u843d\u6642\u306b\u30ea\u30b9\u30af\u899a\u609f\u3067\u5165\u3063\u3066\u884c\u304f\u306e\u306f\u3042\u308a\u304b\u3082\u3057\u308c\u306a\u3044\u3067\u3059\u306d\u3002 \u6c7a\u7b97\u306f\u60aa\u3044\u3067\u3059\u304c\u5c06\u6765\u6027\u306f\u3042\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u3067\u3059 &#8230; <\/p>\n","protected":false},"author":1,"featured_media":1588,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[665,314,666,772,83],"class_list":{"0":"post-1967","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-72","8":"tag-plug","9":"tag-314","10":"tag-666","11":"tag-772","12":"tag-83"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u30d7\u30e9\u30b0\u30d1\u30ef\u30fc (PLUG)2022\u5e74\u7b2c2\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a &#8211; \u682a\u5f0f\u6295\u8cc7\u30921up\u3059\u308b\u30d6\u30ed\u30b0<\/title>\n<meta name=\"description\" content=\"\u30d7\u30e9\u30b0\u30d1\u30ef\u30fc 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