The company also received further support that could help it expand its offerings in the future. The Energy Department granted an additional $2.8 million to FuelCell to develop large-scale fuel cell energy for industrial use, the company said Friday.
• Increased Productivity
Battery-powered lift trucks lose approximately 14 percent of their speed over the last half of the battery charge. GenDrive fuel cells maintain constant power at all times, keeping the vehicle running at full speed throughout the entire shift.
• Lower Operational Costs
The GenDrive solution eliminates the need to change, charge and manage batteries. The units run longer than lead-acid batteries and can be fueled in as little as 60 seconds, substantially reducing vehicle and personnel downtime.
• Zero Emissions
Safe. Clean. Efficient. The GenDrive fuel cell solution produces zero harmful emissions and eliminates the costs associated with handling and storing toxic materials.
• More Commercial Space
Compact fueling stations replace large battery charging rooms, freeing up valuable warehouse for other purposes. $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
But those prospects were overshadowed Tuesday by Citron Research's report, which argued that the fair value of Plug Power shares is just 50 cents vs. Monday's close of 10.31.
•Andrew Left, Citron's founder and editor was sanctioned by the National Futures Association for "...FALSE AND MISLEADING STATEMENTS TO CHEAT, DEFRAUD OR DECEIVE A CUSTOMER IN VIOLATION OF NFA COMPLIANCE RULES ..." Citron often gets it "wrong" and doesn't disclose actual performance metrics. Citron makes a point to disclose winners and when they make a good call, but not the losers including: •Tesla (TSLA)
•3D Systems (DDD)
•Links to articles about Citron's performance •How Good is Citron Research?
•When Life Hands You Citrons, Make Citronade: In Which I Differ With Smart Analysts
•The tax credits that are "about to expire" and Citron depends on to make its bear thesis don't expire until the begining of 2017. A lot can happen between now then including cost savings, greater demand pushing prices higher, extensions of credits, or maybe a combination of all. Your guess what Congress will do is as good as Citron's.
•Wal-Mart (WMT) order isn't simply an ongoing contract. Wal-Mart was TESTING the forklifts and they PASSED. Wal-Mart decided to expand with Plug Power's products. Others Including FedEx (FDX) Sysco (SYY), Kroger (KR), Coca-Cola (KO) use Plug Power's products. The Wal-Mart big sale is important because it demonstrates confidence in Plug Power and builds creditability. Who do you trust more about Plug Power, Wal-Mart or Citron Research?
•Citron claims management lacks honesty or conviction, but fails to mention that Plug Power's CEO Andrew Marsh actually DID buy shares during the same time period……… REAL ANALYST back the companies , like Jeff Osborne, analyst Nick Robins, COWENs - FCEL Analysts at Stifel Nicolaus increased the price target on FuelCell Energy, Inc (FCEL) to $4.10 from $2.30 suggesting 25% upside and Reiterated the “Buy” Advanced Electric Forklift Technologies Will Surpass $500 Million in Annual Revenue in North America by 2020
2)Hydrogen consumption will grow from $1.3 billion annually in 2013 to $49.8 billion in 2030.
3)Annual Fuel Cell Systems sales world wide will surpass 600, 000 by 2017
4)300000 TRU Transport Refrigeration Units can be powered by fuel cells
5)More Than 35 Million Electric Vehicles Will be On Roads Worldwide by 2022 Fuel Cells to play a big part.
6)Global Fuel Cell Industry to surpass 15 Billion market valueby 2017
7) US continues to be one of the world’s largest and fastest growing markets for fuel cell and hydrogen technologies.
8)350,000 Hybrid and Electric Trucks Will be Sold Worldwide from 2013 to 2020
9)Air Liquide and Hypulsion partnernship provides access to European Market
10) Susqehanna 30 million investment provides a vote of confidence and indicates the business is growing. Less
11) 90 percent of forklifts to be fuel cell powered in 11 years predict ITA
12) 300,000 airport ground support vehicles can be powered by forklifts,
13) Gen Key provides hydrogen infrastructure sales servicing and hydrogen sales.
14) Asia partner to provide access to Asia.
15) Electric trucks being tested with Fuel Cell range extenders.
16) Walmart Deal provides 100 million in recurring revenue over 6 years.
17) Plug has only penetrated 2% of forklift market
18) 1ST Quarter revenue meets 2014 year goal
19) 2014 will be profitable
u r an idiot. Your lies and slander are worth less then your 10 point IQ. ANDREW lied on every point. LEFT will look like a fraud and fool tomorrow. A school kid could look up patents- Citron is CRAP! Blatant liars’ and – Insiders own 5% of the company … and the technology and infrastructure work.............. The companies/technologies (PLUG/BLDP go hand in hand…ARTX included. . Citron is using double talk and shorting greed to substitute for good DD. Period! - . They sell their knowledge inventory, equipment and assets related to remote, mobile, and stationary power business. Plug Power currently has over 140 patents and maintains ownership of, and the right to use, the patents and other intellectual property licensed to IdaTech. Total consideration for the licensing and assets was $5 million. GenDrive™ product is replacing lead-acid batteries in large distribution centers for customers such as Walmart, BMW and Sysco. YOU IDIOTS have no idea about the benefits to somebody like BRIDGESTONE (((customer of the cells )))) clown!!!!!!!!!!!!!!!!!!! tomorrow’s power solutions today. Bridgestone could switch to FCELL TRI PLant (heat,hydro,electric) or PLUGS batteries. 2 plants have already........... Des Moines, Iowa Tires
2 Russellville, Arkansas Tubes and flaps
3 Bloomington, Illinois Off-the-road tires
4 LaVergne, Tennessee Tires
5 Wilson, North Carolina Tires
6 Warren, Tennessee Tires
7 Aiken, South Carolina Tires
8 Mayodan, North Carolina Retread tires for aircraft
9 Oxford, North Carolina Retreading materials
10 Abilene, Texas Retreading materials
11 Griffin, Georgia Retreading materials
12 Long Beach, California Retreading materials
13 Muscatine, Iowa Retreading equipment
14 Muncie, Indiana Retreading molds
15 Joliette, Quebec Tires
16 Cuernavaca Tires
17 Monterrey Tires
18 Leon Retreading materials
19 San Jose Tires
20 Valencia Tires
21 Bahia Tires
22 Sao Paulo Tires
23 Campinas Retreading materials and equipment
24 Mafra Retreading materials
25 Buenos Aires Tires
only the strong here now!!!!!!!!!!!!!!!!!!!!!!!! Institutions will have to pay up now. No more cheap shares for the shorts to cover, Brokerage houses will have to try some thing else besides their #$%$ bucket MONKEY -Andrew Left
25 of the fortune 500 customers say you are wrong..... The technology is backed by TSLA........... Doors are being opened by California wanting energy stored. REAL analyst very 100% from the Andrew Left lies.
just got financing!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! its going to be huge.............. THEY JUST GOT THE LIGITIMATE STATUS! huge and easy double in the next week. This will be in many institutional funds now. Cramer on CNBC wanted a index to show people the real and unreal. A BANK don't loan to just any body or scam. KaBOOOOOM!
its going to a buck this week! FUNDS will load this one! Its got a corner on the hypnotics sector ....MNTR fund will be a catalyst for many MJ stocks. Huge cash flows are going into it.
we do the DD and believe the analyst numbers coming out in the industry. This is a once in a life time opportunity.
let the winner run when it wins. The only thing you can say is it ran to hard! It can and will run harder. SMART PEOPLE understand the changes and new beginning industry. HOWS the shorts working?
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