I was doing some research on PLUG last night. I looked at Ballard Power's Q3 earnings results because Ballard supplies the stacks to Plug. This is the most interesting thing that I found within the report:
Revenue of $2.1 million, an increase of 51%; driven by an increase of 47% in shipments of fuel stacks to Plug Power for use in this market."
The revenue number is small but I don't know how many stacks $2.1M in revenue equates to. But the 47% increase in shipments to Plug, at least partially confirms what the COE has stated about increases in bookings translating into sales.
PLUG has held up better than I thought it would. When the news about contracts comes out it should get a nice pop in pps. When the 9 days above $1 comes then it should get another pop. I believe that will be next Monday or Tuesday. You have a great entry point so I would ride it out through the month.
I think so. There seems to be a lot of pent up demand for updating infrastructure because companies put off a lot of capital improvements during the recession. As things continue to improve, I think a lot of companies will be replacing their outdated/broken down equipment that they have been using for many many years.