This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Is Plug Power Built on Rock or Sand?

Things that make you go hmm...

PLUG's management continues to talk about dramatically boosting revenue in 2014 and expanding into Asia through an alliance (non-binding MOU) with Hyundai Hysco, a supplier to Hyundai Motor. Shareholders will want to learn more details about that new relationship and how PLUG plans to grow globally. At the same time, the company needs to boost its sales force in order to keep up with rapid expansion. That should cause SG&A to ramp up in coming quarters.  

At the end of the day, management needs to show Wall Street this company is built on rock, not sand. If they can, shares of PLUG will power portfolios again. Keep in mind CEO Andy Marsh has stated emphatically his company will break even on earnings before interest, taxes, depreciation and amortization in 2014, so he must deliver on that or the recent stock selloff will be even more tumultuous.

John Licata, Chief Energy Strategist of Blue Phoenix, does not own shares in any of the stocks mentioned.

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.

>>Read more: American Airlines Merger Pleases One Union Group: The Flight Attendants

2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
PLUG $2.67 0.00%
AAPL $124.75 0.00%
FB $80.78 0.00%
GOOG $524.05 0.00%
TSLA $206.79 0.00%


DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs