PLUG: Plug Power, Inc. Instablogs

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Monday, May 20, 10:53 AM Plug Power (PLUG +6.2%) gains saying earlier that the preferred stock investment made by Air Liquide closed on May 16. The company issued 10,431 shares of 8% convertible Series C Preferred Stock to Air Liquide, garnering $2.6M from the sale as part of a $6.5M strategic investment that PLUG says is a significant part of its strategy to grow its hydrogen fuel cell business for forklift trucks and other horizontal markets. 1 Comment [On the Move]
Tuesday, May 14, 11:09 AM Plug Power (PLUG +5.8%) shrugs off a Q1 EPS miss to trade higher as revenues come in better than Street estimates. Total sales declined 18% Y/Y as product and service revenue and research and development contract revenue both declined. Nevertheless, it beat the Street, and in this market, appearances seem to be all that's necessary to drive a stock higher. Comment! [Earnings, On the Move]
Tuesday, May 14, 9:23 AM Plug Power (PLUG): Q1 EPS of -$0.18 misses by $0.02. Revenue of $6.4M (-18% Y/Y) in-line. (PR) Comment! [Earnings, Tech]
Wednesday, May 8, 11:46 AM Plug Power (PLUG +51.1%) gets a big jolt from partner Air Liquide (AIQUY.PK), which makes a strategic investment of $6.5M into the struggling fuel cell maker. The deal gives Liquide $2.6M in convertible preferred shares (8% coupon), a board seat, and a 25% stake in HyPulsion (a joint venture between an Air Liquide subsidiary and PLUG). (PR) 1 Comment [Energy, On the Move]
Tuesday, April 16, 2:24 PM Plug Power (PLUG -1.9%) CFO Gerald Anderson has left the company; David Waldek, a founding partner of consulting firm CFO Advisory, has been named interim CFO. Plug also says it has added Johannes Roth, managing director of Swiss investment firm FiveT Capital, to its board, and that it has received a NASDAQ non-compliance noticed due to its low stock price. (PR) 1 Comment [Tech]
Tuesday, April 2, 1:01 PM Plug Power (PLUG +16.9%) says ACE Hardware will use 65 of Plug's GenDrive fuel cells at a new retail support center, a development Plug's general counsel contends is evidence of the company's potential. Some say however, that the risk/reward profile is skewed to the downside as the firm's last 10K contained the dreaded "going concern" letter from auditor KPMG. (Previously: Plug to pursue strategic options) Comment! [Energy]
Thursday, March 28, 3:06 PM Hydrogen fuel cell maker Plug Power (PLUG -4.4%) indicates it may seek to sell the company after reporting a wider Q4 loss than expected Thursday. CEO Andrew Marsh says the company is experiencing "capital challenges" and notes "asset sales … and the sale of the company" are among strategic options under consideration. Comment! [Tech, Energy]
Tuesday, November 13, 2012, 7:06 AM Plug Power (PLUG): Q3 EPS of -$0.27 misses by $0.10. Revenue of $4.78M (-12.7% Y/Y) misses by $2.7M. (PR) Comment! [Earnings, Tech]
Friday, October 12, 2012, 4:41 PM Plug Power (PLUG) -1.3% AH after receiving notice of non-compliance with Nasdaq's minimum bid price rule, as PLUG common stock closed below the required $1/share for the previous 30 consecutive business days. 1 Comment [Energy]
Wednesday, January 19, 2011, 9:05 AM Premarket gainers: PLUG +13%. PRIS +8%. HEV +7%. NBG +6%. NYVA +5%. CTIC +4%. AMR +4%.
Losers: CREE -16%. DEPO -13%. MTG -9%. SSN -8%. NKTR -6%. GTY -5%. HCBK -4%. Comment!
Wednesday, October 14, 2009, 9:00 AM Premarket gainers: CNO +22%. BMTI +12%. UEC +11%. ACAS +10%. PLUG +7%. FAS +6%. RTP +5%. CIEN +5%. BCS +5%. AMR +5%. AMD +5%. CRH +5%. CATY +5%. INTC +4%. ACLS +4%. CY +4%. HGSI +4%. ONNN +4%. TSFG +4%. MT +4%. GNW +4%. JPM +4%. UBS +4%. RBS +4%. ALTR +4%. NVDA +4%. STD +4%. HIG +4%. LYG +4%. GNW +4%. CTIC +4%. STM +4%. PIR +4%.
Losers: UCBH -11%. 2 Comments

PLUG Plug Power, Inc.

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Plug Power, Inc.