Plug Power rallies on guidance, FuelCell wins new Posco deal


Plug Power (PLUG +7.2%) and FuelCell Energy (FCEL +8.1%) are bouncing back today after each produces announcements that keep the bears at bay, at least until PLUG issues its earnings report tomorrow morning.

At a Wedbush conference, PLUG reaffirmed its FY 2014 guidance, expecting to ship more than 3K units, hit $70M in sales (vs. $65M analyst consensus estimate) and 25% gross margins; expects EBITDA to break even during Q2 and Q3.

Meanwhile, FCEL said it won a new contract with Posco (PKX), South Korea’s largest steel maker and, Bloomberg notes, the company’s largest shareholder.

Also moving up nicely: BLDP +6.6%, ZBB +3.7%.

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Comments (9)
  • User 509088
    , contributor
    Comments (1730) | Send Message
     
    was it the coo on the webblab today?

     

    in replying to a question about the earlier talk about a pending deal with a car company, he mentioned an announcement regarding volkswagen pending on tomorrow's call.
    13 May 2014, 03:05 PM Reply Like
  • flyerguy1300
    , contributor
    Comments (1088) | Send Message
     
    Higher we go!!
    13 May 2014, 03:08 PM Reply Like
  • GameKing13
    , contributor
    Comments (675) | Send Message
     
    I would buy more PLUG. But I'm terrified of earnings
    13 May 2014, 03:11 PM Reply Like
  • j.charos@hotmail.com
    , contributor
    Comments (6) | Send Message
     
    Think about Hyper Solar HYSR. I bought it when it was under a penny a share. You can still get it pretty cheap.
    14 May 2014, 05:19 PM Reply Like
  • just read the instructions
    , contributor
    Comments (768) | Send Message
     
    $FCEL "won" a contract with its largest shareholder after it went south for 2 month. Well, what a coincidence and the market rallies. That's money easy made.

     

    $PLUG confirmes its guidance one day before earnings? Guidance reports are future earnings estimations and should be reported in the quarterly report.

     

    Seems that the buyer's of these stocks do not care of how they are "guided".
    13 May 2014, 04:37 PM Reply Like
  • alphaRAJU
    , contributor
    Comments (484) | Send Message
     
    $FCEL Posco is such a forward thinking steel company. I would like to see Posco work with $HYSR and start producing hydrogen. Imagine smog less cities. Buses and cars running on hydrogen and fuel cells. Let's make it happen world. Close the coal mines.
    14 May 2014, 11:29 AM Reply Like
  • FF373737
    , contributor
    Comments (336) | Send Message
     
    FCEL has announced two huge contracts and a competitor just went by the wayside and yet the stock is hanging around $2. What is up with that?
    14 May 2014, 12:58 PM Reply Like
  • j.charos@hotmail.com
    , contributor
    Comments (6) | Send Message
     
    Sounds like ECOB. Every day they come out with a news flash and every day the stock drops 2 or 3%.
    14 May 2014, 05:19 PM Reply Like
  • FF373737
    , contributor
    Comments (336) | Send Message
     
    ECOB ranges between one cent and fifteen for the year, tough to gain traction at that price/share. Meanwhile FCEL has two large contracts and a solid base price.
    21 May 2014, 02:25 PM Reply Like
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