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Why Plug Power Inc's Share Popped Today

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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 Inc (NASDAQ: PLUG  ) jumped 45% today after announcing a partnership with FedEx Corporation (NYSE: FDX  ) .

So what: Plug Power will develop hydrogen fuel cell range extenders for 20 FedEx Express electric delivery trucks, which will about double their range to about 160 miles. The $3 million project is funded by the U.S. Department of Energy.  

Now what: This is a big win but it also needs to be put in context. This is for only 20 vehicles and is a test program, not a huge order from FedEx. The $420 million market cap for Plug Power is awfully expensive for a company with just $24.5 million in revenue over the past year. I like the opportunity, but this stock is just too expensive to bet on right now.

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Read/Post Comments (6) | Recommend This Article (5)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On January 07, 2014, at 3:45 PM, ICanFool wrote:

    was amazon too expensive? You must be a real fool to compare a company that is transitioning from R&D stage to a production stage. Valuation is done based future potential, you Fool. I am surprised you write this as a Motley Fool. You do not compare by the same rule as Walmart and P&G and GE...

    Cover your short fast, you fool..

    I can Fool

  • Report this Comment On January 07, 2014, at 4:10 PM, archsteve wrote:

    Are you kidding me? You failed to mention the blow out 4th quarter with 32million + in new revenue. And, the estimated upcoming quarter of another 32 million. This stock will pop again on Tuesday, Jan .14th after the business update by the CEO. Not a dangerous bet at all, but a marvelous opportunity.

  • Report this Comment On January 07, 2014, at 4:17 PM, KrazyEuro wrote:

    Travis, this doesn't make sense. If you're article is true, then Fool's shouldn't invest in TSLA or DDD because their evaluation is way over priced compared to their revenue's. Their P/E is high (TSLA doesn't even have one) yet MF is high on them? Please don't lose your credibility with foolish (lower case f) claims like this.

  • Report this Comment On January 07, 2014, at 6:39 PM, coffysk wrote:

    Such articles should be market as "Fool Advertisement"

    "The Motley Fool's chief investment officer has selected his No. 1 stock for 2014, and it's one of those stocks that could make you rich."

  • Report this Comment On January 07, 2014, at 9:52 PM, XprtTrader wrote:

    Nobody believes this load of crap. I mean you can't be seriously considering that this is not a great stock, even at this price. By the way, it's still a very low and undervalued stock price for this company and what it's accomplishing and bringing to the table.

    Travis Hoium:

    "He bought his first stock when he was 13 and has been hooked on long-term investing ever since."

    So you're hooked on long-term investing... Why do you publish an article that clearly sounds like you're trying to short this stock to make some quick cash. Let me be the first person to tell you that you if really think that it's going to work in your favor, you've been listening to too much Judas Priest because you've got another thing coming.

    When this stock hits over $5.13 by the end of next week I'll be the person "in the back of the room" saying I told you so! Obviously reading your articles is a waste of time and thank you for making my decision to not read another article posted by you easier.

  • Report this Comment On January 08, 2014, at 12:30 AM, Mgao wrote:

    Current us annual electrical forklift units production is 150k, if 10 percent using plug fuel cell, which will generate 450 m annual rev., and projected market cap 1.4 b, if adding worldwide, then it will generate 1.3 b annual rev., and 4 b market cap. If adding refrigeration market, then it will have 2.6 b annual rev., and 8 b market cap. With is 80 dollars a share in two years. Euv market, and truck extender also can add up 20 dollars per share, which is 100 dollars per share within five yrs, it is 1600 dollars stock in 2000. 4 dollars is too cheap to pass by

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Travis Hoium

Travis Hoium has been writing for since July 2010 and covers the solar industry, renewable energy, and gaming stocks among other things.

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