Plug Power +3% after Roth Capital says outlook has improved

|About: Plug Power, Inc. (PLUG)|By:, SA News Editor

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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