3SOF

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....

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

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 ! 
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.

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Source: Plug Power Inc.