Plug Power +9% premarket as orders seen quadrupling in 2014


Plug Power (PLUG+8.9% premarket after issuing Q4 results that beat revenue estimates and predicting orders will rise more than fourfold this year to more than $150M.

Unadjusted net loss widened to $28.9M from $8.47M in the year-ago quarter, mainly because of a $20M charge related to a change in the fair value of previously issued common stock warrants.

Bookings reached $32M in the quarter, as strong product sales and maintenance orders were received from large companies such as Wal-Mart, Kroger, BMW and Mercedes-Benz; shipments fell 46% Y/Y to 279 units.

“I am more bullish than ever that Plug Power is moving into a rapid growth cycle,” CEO Andy Marsh says, expecting EBITDA to break even by Q3.

Also: BLDP +7.5%, FCEL +5% premarket.

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Comments (10)
  • LYogi
    , contributor
    Comments (3107) | Send Message
     
    great news for the Fuel Cell sector and for a greener future.

     

    Citron ought to be prosecuted.
    13 Mar 2014, 08:27 AM Reply Like
  • maggas
    , contributor
    Comments (473) | Send Message
     
    How about cnbc for putting him on? Last year, I changed ISP dropped cnbc, and have made more money than ever. Other than American Greed, and Fast Money, the rest of cnbc, especially the loudmouth that 20 year olds who think they are Warren Buffetts listen to, is nothing more than a scheme to fatten their pockets.
    13 Mar 2014, 09:48 AM Reply Like
  • lakhi
    , contributor
    Comments (71) | Send Message
     
    All those who bashed PLUG just when share price peaked(anticipating good earnings) to help short sellers -- that includes many contributors from Seeking Alpha, Zacks, Motley Fool and others -- should be prosecuted. Where I live they would drawn, hung and quartered.
    13 Mar 2014, 09:34 PM Reply Like
  • toneroner
    , contributor
    Comments (288) | Send Message
     
    His followers are being punished right now. Keep buying those shares and cover
    13 Mar 2014, 08:35 AM Reply Like
  • cactus jack 65
    , contributor
    Comments (258) | Send Message
     
    Was it Andrew short that shorted American Airlines within 10 minutes of twin towers disaster???
    13 Mar 2014, 08:46 AM Reply Like
  • manfredthree
    , contributor
    Comments (3091) | Send Message
     
    If short sales and shilling were only associated with credible folks we would never get these amazing opportunities . You just need to follow highly credible authors ( like a Fox) and expect but ignore the highly geared bs.
    13 Mar 2014, 08:52 AM Reply Like
  • deercreekvols
    , contributor
    Comments (9420) | Send Message
     
    Waiting for Jim Cramer to comment and send the sector into free-fall so he and his buddies can make some money...
    13 Mar 2014, 09:05 AM Reply Like
  • toneroner
    , contributor
    Comments (288) | Send Message
     
    He did try that before the lemming report. The market ignored
    13 Mar 2014, 09:31 AM Reply Like
  • maggas
    , contributor
    Comments (473) | Send Message
     
    stopped watching cnbc long ago, and made more money than ever. I find it hypocritical that they do host an excellent show, American Greed. Why do they not make a show about themselves being a front for all the shorts and misinformation.
    13 Mar 2014, 10:05 AM Reply Like
  • GameKing13
    , contributor
    Comments (624) | Send Message
     
    When Andy marsh does his thing at 10 AM the shorts gonna run for the exits
    13 Mar 2014, 09:29 AM Reply Like
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