Seeking Alpha

More upside ahead for Plug Power, Cowen says

  • Plug Power (PLUG +3.3%) could turn profitable by the end of the year and an expansion to Asia could drive upside, Cowen analysts say.
  • The firm visited Plug’s factor last week and says the visit highlighted Plug’s competitive advantages and preparations for ramping up productivity, seeing lower costs and shorter lead times under a more compact hydrogen system.
  • The analysts expect sales growth of 68% through 2018, driven by more penetration in the U.S. and Europe as well as possible expansion to Asia.
  • Shares are up 89% YTD and up nearly 600% in the past 12 months.
Comments (24)
  • LYogi
    , contributor
    Comments (2305) | Send Message
     
    PLUG's upside pales in comparison to $BLDP given the patent strength of Ballard and their foray into diversified fields in Europe, Asia and India.
    4 Feb 2014, 12:05 PM Reply Like
  • archsteve
    , contributor
    Comment (1) | Send Message
     
    BLDP has been saying this for 10 years. It has never seen the growth PLUG has seen. Just do a side by side comparison of the two stock tickers, then tell me which one you'd rather be in. PLUG could get back to a 1.5 billion market cap, which it had when it had zero revenue!
    4 Feb 2014, 01:08 PM Reply Like
  • LYogi
    , contributor
    Comments (2305) | Send Message
     
    only 1.5 Billion?
    BLDP put that to shame: http://bit.ly/1k8n8Il
    Ballard has the technology and the patents and now with improvement in computing power is finally able to make their fuel cells feasible as evidenced by their utilization in buses and cell towers on four continents.
    sky is the limit.
    4 Feb 2014, 01:15 PM Reply Like
  • beastly
    , contributor
    Comments (2) | Send Message
     
    I totally agree with you. Is every one blind or ?........!
    4 Feb 2014, 12:14 PM Reply Like
  • LYogi
    , contributor
    Comments (2305) | Send Message
     
    @beastly, this is simply a continuation of the "Buy America" orientation of the U.S. Hedge Funds IMO
    4 Feb 2014, 12:45 PM Reply Like
  • cmblanch
    , contributor
    Comments (58) | Send Message
     
    I must say I like Plug's chances but hate it when the investment banker comes out with comments like this a few weeks after making millions on a deal. It's just not credible.
    4 Feb 2014, 12:27 PM Reply Like
  • RayeBob
    , contributor
    Comments (148) | Send Message
     
    With the amount of money they've invested, there's no way you going to keep them out of the factory for constant updates on progress.... sound business practice to keep diligence. As for "after making millions on a deal".......who says they sold anything?
    4 Feb 2014, 12:57 PM Reply Like
  • cmblanch
    , contributor
    Comments (58) | Send Message
     
    Cowen hasn't invested anything. I was referring to Cowen being Plug's investment banker and making millions in fees on the last offering and then coming out with this report hoping to secure the next secondary offering. It's quid pro quo after quid pro quo to infinity.
    4 Feb 2014, 01:11 PM Reply Like
  • RayeBob
    , contributor
    Comments (148) | Send Message
     
    I get your point and it's a good one....self-serving. We all are self-serving or we would not be capitalists. On the other hand, you know for a fact Cowen or any officer, or people they represent, have no skin in the game beyond the fees? That defies human nature.
    4 Feb 2014, 01:35 PM Reply Like
  • User 21781751
    , contributor
    Comment (1) | Send Message
     
    YEA
    4 Feb 2014, 12:58 PM Reply Like
  • FF373737
    , contributor
    Comments (208) | Send Message
     
    I am still long both PLUG and BLDP and have already grabbed out what I paid in thanks to having bought into PLUG as low as 18 cents a share. Go hydrogen. If Wegmans makes another purchase watch out, because the refrigeration of the trucks conversion can't be to far behind once the bugs are worked out.
    4 Feb 2014, 01:17 PM Reply Like
  • manfredthree
    , contributor
    Comments (2009) | Send Message
     
    We've only just begun. Go back and read the Charles Fox Articles, look at the current customers and strategic partners (little difference here), and you will realize life with PLUG shares will be a succession of inflection points. At each one, some noisy shorts will appear, shouting "Another one trick pony", and each time the next inflection point will be just over their shoulder.
    4 Feb 2014, 01:53 PM Reply Like
  • Hendershott
    , contributor
    Comments (1595) | Send Message
     
    Big jump in revenues anticipated for 2014. $64 mil vs. $26 mil and Cowen thinks they turn profitable. Looks interesting. Nothing against BLDP, $62 mil to $80 mil but not turning profitable yet.
    4 Feb 2014, 09:52 PM Reply Like
  • felipetorres03
    , contributor
    Comments (2) | Send Message
     
    I think both these companies have huge upside. I think the argument comes from those who hold shares in BLDP not getting the love from the market like PLUG has. They are like the little brother. Rest assured they BLDP will get their day to shine. For now I will hold both. I have to buy back into PLUG though due to taking my profit too early.
    6 Feb 2014, 02:32 AM Reply Like
  • RayeBob
    , contributor
    Comments (148) | Send Message
     
    Your little brother comment got me to thinking. For anyone.....what sort of business sense would it make for $PLUG and $BLDP to merge?
    6 Feb 2014, 09:48 AM Reply Like
  • ToddSpencerusa
    , contributor
    Comments (2) | Send Message
     
    Took all my $BLDP money and put it into $PLUG. Plug seems to be the clear winner with the first to show profits within this year. While Ballard has an impressive portfolio, it's re-orders, revenue, and profit that ultimately counts. PLUG is executing their plan well. Their penetration into new markets is impressive. More impressive is the growing amount of re-orders from existing customers.

     

    My thought....forget about the little brother, I'm going for the BIG BROTHER. :>
    7 Feb 2014, 08:52 AM Reply Like
  • LYogi
    , contributor
    Comments (2305) | Send Message
     
    you fell for the head-fake, PLUG is favoured by Wall Street solely because it is an American company while BLDP is Canadian. But beyond that BLDP has its footprint all over the world, supplies PLUG, and has massive IP might.

     

    Plus BLDP who reports this month will show a profit for the first time.
    7 Feb 2014, 08:59 AM Reply Like
  • SlimmyHendrix
    , contributor
    Comments (87) | Send Message
     
    The pumpers are trying as hard as they possibly can to keep this stock above $3/share, even with no net profits yet
    7 Feb 2014, 09:48 PM Reply Like
  • LYogi
    , contributor
    Comments (2305) | Send Message
     
    Hydrogen power represents big time potential. This is a lottery ticket with a big payoff if successful hence the inflated ticket price.

     

    BLDP is more diversified and owns the IP. They are who to focus on.
    7 Feb 2014, 09:52 PM Reply Like
  • kingjaffy
    , contributor
    Comments (16) | Send Message
     
    Lyogi for someone like me that own shares of PLUG and BLDP do you think both are good longterm stocks and maybe go up to $10 by the end of the year?
    16 Feb 2014, 08:27 AM Reply Like
  • LYogi
    , contributor
    Comments (2305) | Send Message
     
    I do. The HFC is only now beginning to come into its own. BLDP owns a lot of IP and is diversifying into many fields and continents.

     

    I would hold both stocks for a couple of years as to potential is huge especially of Toyota and other auto manufacturers carry through with developing HFC cars.
    16 Feb 2014, 09:47 AM Reply Like
  • kingjaffy
    , contributor
    Comments (16) | Send Message
     
    hey Lyogi i feel so tempted to sell BLDP and PLUG i ve made 10k profit in just 3weeks so far but like you said i should hold them for long. tempting!!!
    27 Feb 2014, 07:52 AM Reply Like
  • LYogi
    , contributor
    Comments (2305) | Send Message
     
    I hear you King. I'm in from 1.40 and my finger wants to pull the trigger but I still feel that there is a lot more upside to come even if it dips in the interim.

     

    If you are concerned, set a stop loss at a target that is acceptable and then keep close watch for signs of strength as there is very little resistance overhead until we hit $5. GL
    27 Feb 2014, 07:55 AM Reply Like
  • kingjaffy
    , contributor
    Comments (16) | Send Message
     
    Thanks Lyogi!!!
    27 Feb 2014, 08:00 AM Reply Like
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