- Roth Capital says it is more confident that Plug Power (PLUG +3.1%) can meet its 2014 revenue guidance and bookings target after meeting with company management.
- The firm says PLUG appears to be looking to deploy its products at four locations during the current quarter, leaving it well positioned to ship more units than expected; an increase in shipments also will raise its product gross margins.
- Roth believes PLUG is reaching a positive turning point with its large customers, but it remains concerned about its valuation and keeps a Neutral rating on the shares.
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