Plug Power Inc (PLUG)

[uksausage]

I would expect Q3 to be break even on cost of sale may be even making a small profit for each unit sold.

volume prices breaks and reduced component costs will enable them to close the gap between sale price and cost of materials.
I think in Q2 they were only 1 or 2 % off break even.

Service and Hydrogen sales are all icing on the cake now and remember most of the factory headcount are static costs so the more you ship the less they contribute to per-unit costs.

Given the numbers shipped expect break even or a profit in Q3 ahead of the Q4 forecast by the company. Would be a nice thing for the new CFO to announce on his first call.