Indicators have turned north. MACD is very bullish.
Stochastic very bullish, Breakout.
Resistance @ around $8.15.
http://stockcharts.com/def/servlet/SC.web?c=plug
Profile Get Profile for:
Plug Power Inc.
968 Albany-Shaker Road
Latham, NY 12110
Phone: 518-782-7700
Fax: 518-782-7914
Web Site: http://www.plugpower.com
DETAILS
Index Membership: N/A
Sector: Industrial Goods
Industry: Industrial Electrical Equipment
Full Time Employees: 325
BUSINESS SUMMARY
Plug Power, Inc., a development stage company, engages in the design, development, and manufacture of onsite energy systems for energy consumers worldwide. Its architecture-based technology platform includes proprietary proton exchange membrane fuel cell and fuel processing technologies. The company offers GenCore product, a back-up power product for telecommunications, broadband, utility, and industrial uninterruptible power supply applications. It is also developing additional products, including a continuous power product, with optional combined heat and power capability for remote small commercial and remote residential applications; an on-site hydrogen generation product for use in various industrial gas applications; and battery-replacement modules for material handling equipment. The company markets its products to various customers, including telecom, utilities, government entities, and its distribution partners. Plug Power's strategic partners include GE Fuel Cell Systems; DTE Energy Technologies; Vaillant GmbH; Honda R&D Co., Ltd.; Englehard Corporation; and Celanese Ventures GmbH. The company was founded in 1997 as a joint venture between Mechanical Technology Incorporated and Edison Development Corporation. The company is headquartered in Latham, New York.
I had to get some PLUG.
News today:
http://www.marketwatch.com/tools/quotes/newsarticle.asp?guid={3D3DB3CC-076E-4931-BBFC-CF7732D8E993}&siteid=mktw&dist=nbs&symb=
The Energy market and oil crisis point to
renewed interest in this field.
Have resistance @ around the $8.15 level.
I got into this one @ $6.55.
http://stockcharts.com/def/servlet/SC.web?c=plug
I'm able to post a chart again.... :D
On my watch list :)
Nice move on PLUG today, along with the entire energy sector. Cramer gave PLUG the thumbs up tonight, which may help keep the rally going tomorrow.
• Plug Power Announces Purchase Order for 80 GenCore(R) Fuel Cell Systems From IST in South Africa
PR Newswire (Thu 11:58am)
• IFC Grants $3 Million to IST and Plug Power for Fuel Cell Project in South Africa
PR Newswire (Thu 11:32am)
Headline News Link: http://finance.yahoo.com/q/h?s=PLUG
Back above the 50-dma
Technicals
Percentage Gainer
Last Price Quote is:
6.19%above 13-day EMA
2.48%above 50-day EMA
RS Rating: 15
Fundamentals
Key Data:
Market Cap (M): $490.55
P/E Ratio: NA
PEG Ratio: -0.265714
Next Earnings: 02/22/2006
Last Analyst Rating: Outperform
In at 5.90$, hope the run continues tomorrow! :)
Anyone thoughts about PLUG, down 4% today, sitting on a loss here! :(
MACD and RSI are looking ok, Stochs not!
bizjournals.com
Plug Power hopes joint defense funding leads to more contracts
Thursday January 12, 10:07 am ET
Plug Power Inc. and Ballard Power Systems have been awarded a $2 million program by the U.S. Department of Defense to develop an advanced prototype fuel-cell system to support Defense Continuity of Operations.
Under the program, Plug Power (Nasdaq: PLUG - News), of Latham, and Ballard (Nasdaq: BLDP - News), of British Columbia, will jointly develop a future prototype fuel-cell system to be used in backup power applications.
"The collaboration with Ballard Power Systems supported by the Department of Defense combines key strengths from both our companies," said Roger Saillant, president and CEO of Plug Power.
If the partnership is successful, Plug said it could lead to further development work.
"Collaboration among fuel cell developers, systems integrators and governments will accelerate the commercialization of fuel cell technology," said John Sheridan, Ballard's chairman of the board and interim president and CEO.
The funding for the joint development program is contained in the Department of Defense Appropriations Act.
Published January 12, 2006 by The Business Review
Volume: 2,086,309
Avg Vol (3m): 884,706
My pick for the stock picking contest.
Figures it would go up now ;D
Just some info. I was born and raised about 5 miles from the PLUG HQ. Heavily tied into GE if I remember correctly. I remember a few people banking on its first major run 6-7 years ago if memory serves me right (too lazy to look at historical chart). I was to young/poor then to have or think of even having a broker account. It made them A LOT of money, well the ones who sold off at the correct time. Godd industry with a proven track record. How can you go wrong ;)
Just got in at 5.55-5.56, stock looks good and ready to go up.
Plug it in ...plug it in ! ;D
Speculation..... It's back to its bottom, from June.
Above the 50-dma, approaching the 200-dma.
Support @ $5.47...5.10...4.97
Resistance @ $5.93...6.07...6.44
Volume: 532,466
Avg Volume (3m): 886,375
Recent CandleStick Analysis
Very Bearish.......as always need futher confirmation.
Jan-13-2006 Bearish Harami
Technicals
MACD is Bullish
Stochastic is Bearish
Last Price Quote is:
3.46%above 13-day EMA
1.13%above 50-day EMA
RS Rating: 10
Fundamentals
Key Data:
Market Cap (M): $459.68
P/E Ratio: NA
PEG Ratio: -0.268571
Next Earnings: 02/22/2006
Last Analyst Rating: Outperform
Press Release Source: Plug Power Inc.
Plug Power Receives Fuel Cell Order From National Retailer
Monday October 22, 7:01 am ET
Sale marks significant step in adoption of fuel cells for material handling applications
VANCOUVER, British Columbia, Oct. 22 /PRNewswire-FirstCall/ -- Plug Power Inc. (Nasdaq: PLUG - News), through its wholly owned subsidiary Cellex Power Products, Inc., today announced a purchase order for GenDrive(TM) fuel cell power units from Wal-Mart Stores, Inc. (NYSE: WMT - News) for use in lift trucks at one of the company's distribution centers. This is Plug Power's largest single GenDrive order to date, although the specific terms are confidential.
The order follows a successful beta trial at two Wal-Mart distribution centers in Ohio in late 2006. During the trial, the 12 fuel-cell-powered pallet trucks ran in live, working conditions for more than four months, logging more than 18,000 hours and 2,100 indoor fuelings by pallet truck operators. The Cellex Power fuel cells demonstrated environmental and operator benefits. The new units will power pallet trucks used at Wal-Mart's food distribution center in Washington Court House, Ohio, replacing the lead- acid batteries that are traditionally used in such applications.
"This is a significant event for Plug Power and a solid step forward with the widely respected leader in distribution and logistics," said Tom Hoying, Plug Power's vice president of sales and customer operations, Motive Power Division. "We believe Wal-Mart's state-of-the-art distribution centers make an excellent proving ground for the commercial application of GenDrive."
This fuel cell order aligns with Wal-Mart's strategy to integrate innovative technologies into its business plan that reduce operating cost and help the environment. The purchase of these fuel cell power units is equivalent to removing approximately 60 cars from the highway in southeastern Ohio in terms of CO2 and greenhouse gas emissions.
"We've seen how fuel cells can improve efficiency in our distribution centers while enabling us to be more responsible global citizens," said Johnnie Dobbs, Wal-Mart's executive vice president of logistics and supply chain. "Wal-Mart is focused on finding ways to improve our relationship with the environment throughout our operations. Our hope is that our investment in fuel cell technology will encourage its development as a viable option to existing technologies."
For pallet trucks and similar industrial vehicles operating in large, around-the-clock fleet operations, lead-acid battery systems can be more expensive to operate and require more valuable space when compared with fuel cell power units. Lead-acid batteries also require documentation demonstrating proper disposal and present other safety issues in terms of care and handling. Plug Power's GenDrive product eliminates the need to change, charge, maintain and handle batteries in these high-throughput distribution centers, which could result in cost improvements and productivity gains.
Plug Power, which acquired Cellex Power in April 2007, considers material handling applications to be an attractive near-term market for proton exchange membrane (PEM) fuel cell power and has targeted this sector as a central component of the company's revenue growth strategy.
"We view Wal-Mart's purchase order as an important indicator of the progress that fuel cells are making as reliable and clean alternatives to incumbent technologies in a variety of industries," said Roger Saillant, Plug Power's President and CEO.
About Plug Power
Plug Power Inc. (Nasdaq: PLUG - News), an established leader in the development and deployment of clean, reliable on-site energy products, integrates fuel cell technology into backup and primary power products for telecommunications, material handling, utility and uninterruptible power supply applications. The Company is actively engaged with private and public customers in targeted markets throughout the world, including North America, Europe, the Middle East, Russia, South Africa and South America. For more information about how to join Plug Power's energy revolution as an investor, customer, supplier or strategic partner, please visit www.plugpower.com.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including but not limited to our 2007 milestones and statements regarding our growth plans. We believe that it is important to communicate our future expectations to our investors. However, there may be events in the future that we are not able to accurately predict or control and that may cause our actual results to differ materially from the expectations we describe in our forward-looking statements, including, without limitation, the risk that the anticipated synergies of the Cellex Power and General Hydrogen acquisitions are not realized, that unit orders will not ship, be installed and/or convert to revenue, in whole or in part. Plug Power's ability to develop commercially viable on-site energy products; the cost and timing of developing Plug Power's on-site energy products; market acceptance of Plug Power's on-site energy products; Plug Power's ability to manufacture on-site energy products on a large-scale commercial basis; competitive factors, such as price competition and competition from other traditional and alternative energy companies; the cost and availability of components and parts for Plug Power's on-site energy products; Plug Power's ability to establish relationships with third parties with respect to product development, manufacturing, distribution and servicing and the supply of key product components; Plug Power's ability to protect its intellectual property; Plug Power's ability to lower the cost of its on-site energy products and demonstrate their reliability; the cost of complying with current and future governmental regulations; the impact of deregulation and restructuring of the electric utility industry on demand for Plug Power's on- site energy products and other risks and uncertainties discussed under "Item IA-Risk Factors" in Plug Power's annual report on Form 10-K for the fiscal year ended December 31, 2006, filed with the Securities and Exchange Commission ("SEC") on March 16, 2007, and the reports Plug Power files from time to time with the SEC. Plug Power does not intend to and undertakes no duty to update the information contained in this press release.
--------------------------------------------------------------------------------
Source: Plug Power Inc.
• InPlay: Plug Power receives fuel cell order from national retailer
7:04AM Plug Power receives fuel cell order from national retailer (PLUG) 2.97 : Co, through its wholly owned subsidiary Cellex Power Products, announces a purchase order for GenDrive fuel cell power units from Wal-Mart Stores (WMT) for use in lift trucks at one of the Co's distribution centers. This is Plug Power's largest single GenDrive order to date, although the specific terms are confidential.
52wk Range: 2.42 - 4.38
Volume: 6,541,178
Avg Vol (3m): 488,248
Technicals
Most Actives
Gap Up
Percentage Gainer
Last Price Quote is:
27.01%above 13-day MA
31.58%above 50-day MA
RS Rating: 95
Fundamentals
Earnings Expected on Oct 24
Key Data:
Market Cap (M): $260.11
P/E Ratio: NA
PEG Ratio: -0.145714
Next Earnings: 10/24/2007
Last Analyst Rating: Accumulate
PLUG...someone plugged the power back in... :D
Plug Power Celebrates Successful Year for Company's Manufacturing and Sales ActivityGlobeNewswire
Day's Range: 0.75 - 0.94
52wk Range: 0.36 - 0.94
Volume: 2,625,492
Avg Vol (3m): 714,720
Market Cap: 117.23M
P/E (ttm): N/A
EPS (ttm): -0.39
Div & Yield: N/A (N/A
Technicals
Most Actives
Percentage Gainer
Last Price Quote is:
76.35%above 13-day EMA
99.32%above 50-day EMA
RS Rating: 97
PLUG Coca-Cola Refreshments to Use Plug Power GenDrive Fuel... by GlobeNewswire Jan 13 2011 8:29AM
LATHAM, N.Y., Jan 13, 2011 (GlobeNewswire via COMTEX) -- Plug Power Inc. (PLUG) and Coca-Cola Refreshments USA (KO, Trade ) announced plans for a new fleet of GenDrive-powered Caterpillar lift trucks at Coca-Cola's 250,000 sq. ft. bottling and distribution center in San Leandro, CA.
The GenDrive fleet at Coca-Cola's facility will include 37 Class-1 sit down counterbalanced trucks. Previously using lead-acid batteries as a power solution, Coca-Cola is making the transition to GenDrive to take advantage of the increased productivity and improved space utilization offered by the technology.
By removing the infrastructure associated with the lead-acid battery charging, changing and maintenance, Coca-Cola will recover more than 2,000 square feet of facility space to use for other business operations. At the same time, electrical consumption will be reduced by an estimated 1.6 million kwh/year. These benefits will help Coca-Cola realize a return on investment and a 15% carbon reduction goal across the business.
"At Coca-Cola, we consider sustainability a core component to everything we do. Our goal is to be the beverage industry leader in energy conservation and climate protection," said Brian P. Kelly, Product Supply Leader, Coca-Cola Refreshments. "Using Plug Power Fuel Cells for our fleet in the San Leandro facility is an example of this commitment. This innovative use of technology will help us reduce our carbon emissions, streamline our operations and work towards our aggressive environmental goals."
"This is the second site in the Coca-Cola system to convert an existing lift truck fleet to GenDrive fuel cells," said Andy Marsh, CEO at Plug Power. "It's evidenced through these repeat customers the real value of the GenDrive solution. Hydrogen fuel cells are competing with the incumbent power sources and winning because they provide the most benefit for the organization. It's a simple business decision."
Plug Power received a purchase order from Coca-Cola in November, 2010 and shipped all 37 units to the customer in December, 2010.
About The Coca-Cola Company
The Coca-Cola Company (KO, Trade ) is the world's largest beverage company, refreshing consumers with more than 500 sparkling and still brands. Along with Coca-Cola, recognized as the world's most valuable brand, the Company's portfolio includes 12 other billion dollar brands, including Diet Coke, Fanta, Sprite, Coca-Cola Zero, vitaminwater, Powerade, Minute Maid, Simply and Georgia. Globally, we are the No. 1 provider of sparkling beverages, juices and juice drinks and ready-to-drink teas and coffees. Through the world's largest beverage distribution system, consumers in more than 200 countries enjoy the Company's beverages at a rate of 1.6 billion servings a day. With an enduring commitment to building sustainable communities, our Company is focused on initiatives that protect the environment, conserve resources and enhance the economic development of the communities where we operate. For more information about our Company, please visit our website at www.thecoca-colacompany.com .
About Plug Power Inc.
The architects of modern fuel cell technology, Plug Power revolutionized the industry with cost-effective power solutions that increase productivity, lower operating costs and reduce carbon footprints. Long-standing relationships with industry leaders forged the path for our key accounts, including Wegmans, Whole Foods, and FedEx Freight. With more than 1,000 units in the field and over 1.5 million hours of runtime, Plug Power manufactures tomorrow's incumbent power solutions today. Visit us at www.plugpower.com .
The Plug Power Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4446
Plug Power Inc. Safe Harbor Statement
This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including but not limited to expectations regarding revenues and product orders for 2010. These statements are based on current expectations that are subject to certain assumptions, risks and uncertainties, any of which are difficult to predict, are beyond our control and that may cause our actual results to differ materially from the expectations in our forward-looking statements including statements regarding the risk that unit orders will not ship, be installed and/or convert to revenue, in whole or in part; the cost and timing of developing our products and our ability to raise the necessary capital to fund such development costs; the ability to achieve the forecasted gross margin on the sale of our products; the actual net cash used for operating expenses may exceed the projected net cash for operating expenses; the cost and availability of fuel and fueling infrastructures for our products; market acceptance of our GenDrive system; our ability to establish and maintain relationships with third parties with respect to product development, manufacturing, distribution and servicing and the supply of key product components; the cost and availability of components and parts for our products; our ability to develop commercially viable products; our ability to reduce product and manufacturing costs; our ability to successfully expand our product lines; our ability to improve system reliability for GenDrive; competitive factors, such as price competition and competition from other traditional and alternative energy companies; our ability to manufacture products on a large-scale commercial basis; our ability to protect our intellectual property; the cost of complying with current and future governmental regulations; and other risks and uncertainties discussed under "Item IA-Risk Factors" in our annual report on Form 10-K for the fiscal year ended December 31, 2009, filed with the Securities and Exchange Commission ("SEC") on March 16, 2010, and the reports we file from time to time with the SEC. Plug Power does not intend to, and undertakes no duty to update any forward-looking statements as a result of new information or future events.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Plug Power Inc.
CONTACT: Media Contact:
Reid Hislop
Plug Power Inc.
Phone: (518) 782-7700 ext. 1360
Investor Relations Contact:
Cathy Yudzevich
Plug Power Inc.
Phone: (518) 782-7700 ext. 1448
Plug Power Celebrates Successful Year for Company's Manufacturing and Sales Activity
Company Closed Over 400 Unit Sales During Fourth Quarter
Press Release Source: Plug Power Inc. On Tuesday January 4, 2011, 7:00 am EST
LATHAM, N.Y., Jan. 4, 2011 (GLOBE NEWSWIRE) -- Plug Power Inc. (Nasdaq:PLUG - News), a leader in providing clean, reliable energy solutions, is using tremendous momentum from its 2010 success to welcome in the new year. During the year ending December 31, 2010, Plug Power sold over 500 of its GenDrive fuel cell units and manufactured and shipped over 650 units.
In the fourth quarter alone, the Company closed deals equating to over 400 GenDrive units. Some first-time customers include CVS, Coca-Cola and Winco Foods. At the same time, Plug Power received follow-on orders from repeat customers like BMW, Central Grocers and Walmart Canada. Concluding the successful quarter, Plug Power received letters of commitment from customers for another 250-plus GenDrive power units.
Plug Power manufactured and shipped a record number of units for the full year ending December 31, 2010, meeting its milestone of at least 650 unit shipments for the year. During the fourth quarter alone, over 280 units were distributed to customers across North America. These GenDrive customers include Central Grocers, Walmart Canada, Kimberly Clark and Coca-Cola. The Company's Latham, NY manufacturing facility is capable of producing over 10,000 units each year.
"I'm pleased with the continued commercial adoption of our GenDrive solution by new customers and the follow-on orders by existing customers," said Andy Marsh, CEO of Plug Power. "This positive traction is a direct line to significant market transformation within the material handling space."
All of the deals closed in 2010 were without previously required major government subsidies from the Departments of Energy and/or Defense. This is evidence that customers are realizing the value of alternative energy solutions for their material handling businesses today.
Plug Power will discuss overall financial metrics during its regularly scheduled 2010 year-end conference call.
About Plug Power Inc.
The architects of modern fuel cell technology, Plug Power revolutionized the industry with cost-effective power solutions that increase productivity, lower operating costs and reduce carbon footprints. Long-standing relationships with industry leaders forged the path for our key accounts, including Walmart Canada, BMW, and FedEx Freight. With more than 1,000 units in the field and over 2 million hours of runtime, Plug Power manufactures tomorrow's incumbent power solutions today. Visit us at www.plugpower.com.
The Plug Power Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4446
Plug Power Inc. Safe Harbor Statement
This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including but not limited to expectations regarding revenues and product orders for 2010. These statements are based on current expectations that are subject to certain assumptions, risks and uncertainties, any of which are difficult to predict, are beyond our control and that may cause our actual results to differ materially from the expectations in our forward-looking statements including statements regarding the risk that unit orders will not ship, be installed and/or convert to revenue, in whole or in part; the cost and timing of developing our products and our ability to raise the necessary capital to fund such development costs; the ability to achieve the forecasted gross margin on the sale of our products; the actual net cash used for operating expenses may exceed the projected net cash for operating expenses; the cost and availability of fuel and fueling infrastructures for our products; market acceptance of our GenDrive system; our ability to establish and maintain relationships with third parties with respect to product development, manufacturing, distribution and servicing and the supply of key product components; the cost and availability of components and parts for our products; our ability to develop commercially viable products; our ability to reduce product and manufacturing costs; our ability to successfully expand our product lines; our ability to improve system reliability for GenDrive; competitive factors, such as price competition and competition from other traditional and alternative energy companies; our ability to manufacture products on a large-scale commercial basis; our ability to protect our intellectual property; the cost of complying with current and future governmental regulations; and other risks and uncertainties discussed under "Item IA-Risk Factors" in our annual report on Form 10-K for the fiscal year ended December 31, 2009, filed with the Securities and Exchange Commission ("SEC") on March 16, 2010, and the reports we file from time to time with the SEC. Plug Power does not intend to, and undertakes no duty to update any forward-looking statements as a result of new information or future events.
Contact:
Plug Power Inc.Media Contact:Reid Hislop (518) 782-7700 ext. 1360Investor Relations Contact:Cathy Yudzevich (518) 782-7700 ext. 1448