Why Plug Power Inc's Share Jumped Today

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 hydrogen fuel cell maker Plug Power Inc (NASDAQ: PLUG  ) jumped 12% today after announcing a big new order.

So what: An unnamed retailer will roll out Plug Power's GenKey system in six distribution centers over the next two years. The deal will include over 1,500 GenDrive PEM fuel cell power units as well as hydrogen, infrastructure work, and other services.  

Now what: What's impressive is the sheer size of the order. Only about 4,500 GenDrive fuel cells are deployed in North America, so this will greatly increase the installed base. I'm still leery of jumping in because of continued losses and no expectation of making money in 2014. This is still a high potential stock but with a $360 million market cap and just $24.5 million of revenue in the last four quarters it's not a risk I'm willing to take at this point.

Growth stock picks you can buy today
They said it couldn't be done. But David Gardner has proved them wrong time, and time, and time again with stock returns like 926%, 2,239%, and 4,371%. In fact, just recently one of his favorite stocks became a 100-bagger. And he's ready to do it again. You can uncover his scientific approach to crushing the market and his carefully chosen six picks for ultimate growth instantly, because he's making this premium report free for you today. Click here now for access.


Read/Post Comments (1) | Recommend This Article (3)

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.

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2833009, ~/Articles/ArticleHandler.aspx, 11/23/2014 10:10:23 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement