Why Plug Power Shares Skyrocketed

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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Plug Power  (NASDAQ: PLUG  ) soared 36% today after the alternative energy technologist announced that it met its projected order targets for Q4 2013.

So what: The stock has been on a roller coaster in recent months on uncertainty over demand, but today's announcement -- orders totaled approximately $32 million in Q4 -- reignites optimism over its growth going forward. In fact, Plug Power's orders include repeat business with the likes of Walmart, Kroger, Mercedes Benz, and BMW, giving investors plenty of good vibes over the diversified and recurring nature of its revenue stream.

Now what: I wouldn't expect the operating momentum to slow anytime soon. "Moving forward, as we significantly grow the business, Plug Power will increase its value-add for each customer through building our product base and establishing recurring revenue streams through hydrogen and service," said CEO Andy Marsh. "Plug Power has seen significant traction closing out 2013, and we expect the first quarter of 2014 bookings to meet or exceed the fourth quarter of 2013." When you consider Plug Power's still-significant losses and volatile stock price, however, only the most risk tolerant of Fools should even consider betting on it.

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  • Report this Comment On January 02, 2014, at 12:35 PM, ICanFool wrote:

    " only the most risk tolerant of Fools should even consider betting on it."

    After fools at Walmart, Kroger and other S&P 500 companies adopt PLUG for best ROI, it is no brainer.

    Maybe after Amazon changes all those battery powered robots to hydrogen fuel cell robots, PLUG will rocket to $10 range and maybe even to older glory days, Real FOOLS will become intelligent robots.

  • Report this Comment On January 03, 2014, at 7:49 PM, skcda wrote:

    In my opinion, there are 3 companies in the spotlight PLUG, FCEL, and BLDP. Both PLUG and BLDP both use PEM technology which can be used in both mobile and stationary application. PLUG appears to be focusing on the mobile niche. FCEL uses carbonate based technology which extracts H2 and CO2 from the natural gas. The H2 is the clean burning product while the CO2 is the unwanted greenhouse gas byproduct. With "green lobby" activists and government legislation opposing CO2, it stands to reason that FCEL might have a difficult time in the future to make profit. I think PEM is the future fuel cell. Again, this is just my opinion.

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I take a look at big 10% moves, as well as stock-shaking analyst calls, on a daily basis for The Fool. While I don't believe in active trading, closely monitoring Mr. Market's mood swings can help identify long-term opportunities.

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Related Tickers

9/4/2015 2:48 PM
PLUG $1.71 Up +0.02 +0.95%
Plug Power, Inc. CAPS Rating: *