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PLUG Deploying Over 200 Gendrive Units To Kroger!!!

Jan. 09, 2014 1:53 PM ETPLUG
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Sometime this year, Plug will deploy over 200 Gendrive units to Kroger. In which Kroger already has over 160 units deployed for over a year, and not to mention, Walmart has over 500 deployments already.

Today's closing was a great one for Plug Power. Closed up 18.18%. So how many days in a row can this stock rally? All this hype has been happening because it hit its projected target sales revenue and now it is working with one of the biggest delivery services (Fedex).

This company has been up and down for the past several years. 10 years ago the stock was trading at a near $78.50 a share. Since then it has fallen as low as $0.12 a share. Now that Plug has found some traction again and is now working with companies like Walmart, Lowes, Coca-Cola, Cvs, BMW, Ace Hardware, Carters, Sysco, Kroger, Mercedes and now fedex. I would think that it is well on the verge of having some decent enough traction.

The last time that plug traded this high was on 5/19/2011, according to the 10 year look up on nasdaq charts. I do believe that there is a lot of room for long term growth and I am sure that their product is proving itself, otherwise I am sure that any of the companies stated in above paragraph wouldn't touch them. CEO Andy Marsh believes in the first quarter 2014, that plug will meet or exceed the fourth quarter of 2013. In the fourth quarter 2013, plug made $32 million in orders.

Now according to Plugs actual website, they explain the breakdown of costs and what they are expecting in 2014. Just looking at the companies that it is dealing with, it looks like it will possibly be a profitable first quarter. It says Recurring Revenue is 10M USD booked for 2014 and still growing. They say this will be a blowout quarter, so by looking at how it has been rallying this past quarter, I am sure that it could be sky's the limit. The customer base in this company just seems to keep getting bigger and bigger. Not like the clients that plug deals with is some unknown companies, they happen to be some of the biggest companies in the World.

This looks like it will be the year that Plug will make some actual revenues. According to its third quarter Sec Filings, they have Cash and cash equivalents of $10,959,955.00. So that isn't to bad of a deal when looking at the previous year. Now that Plug is dealing with Fedex and working on 20 electric delivery trucks, this goes to show you that this year is the start of something special. They are getting $3 million funded by the US Department Of Energy. By Plug Power doing this, it will increase the delivery fleet efficiency to over 50% coupled with an approximately 35 to 40% decrease in fuel expenses compared to its now diesel trucks.

I believe that this stock has the tools to make up some ground and if it keeps on this track, it very well may rally its way back to the positive side. The Ticker for this stock is PLUG and if you would like to verify anything that I wrote here, you can look it up on plugpower.com.

Disclosure: I am long PLUG, .

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