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Plug Power sees Q1 revenue below Street estimates, full-year above

Mar. 13, 2014 11:15 AM ETPlug Power Inc. (PLUG) StockPLUGBy: Carl Surran, SA News Editor17 Comments
  • Plug Power (PLUG +9.5%) gives up some early gains but remains strong after its Q4 earnings conference call.
  • Sees Q1 revenues of $5M-$6M, below $7.85M analyst consensus estimate, but sees FY 2014 revenues of $70M vs. $63.7M consensus.
  • Also heard during the call: Says it expects positive net income by Q4, Wal-Mart order helped company exceed Q4 bookings target, recently received new orders from an auto manufacturer and will give more details shortly, is targeting more large deals which could have a big impact on numbers, hopes to have news "soon" on its effort to partner in China (Briefing.com)

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