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.