Plug Power Inc (PLUG)

[uksausage]

love the analogy with JAWS taking on swimmers!

It seems that there is an ever moving goal post for the nay sayers to keep referring to.

long term it has to be profitability which we have known since Q2 2014 will occur at end of Q4 2016 so may not show until Q1 2017 report (especially as annual reports don't actually break out the Q4 numbers separately)

Since PLUG are actually moving that way and have only 6 more months before they achieve it there is additional focus from nay sayers on the cash flow and new financing that they suggest (wrongly IMHO) that the company will have to do an equity sale to raise the funds necessary since the financing requires "restricted capital" that cannot be used for other purposes (ie your current account has to have > $50m in it at all times)

Despite Paul Middleton's denial of this and statements that for instance the Q1 PPS's only needed $1m more restricted cash they still seem to think we need $20m a Quarter which would put the cash under strain)

These technical financial reasons are why they continue to put PLUG down and they just completely ignore the fundamentals that the business is growing at 50%+ per annum, has increased margins dramatically and reduced the losses from services and fuel quarter by quarter.

They have bookings for more than this years revenue target. (I do wish booking would split out hardware from service contracts)

This is why we need to be told upfront about volume of business done in Q2 - not he $$ numbers that is in the 10Q but number of GenDrives shipped, number of GenSure installations, number of GenFuel installations no customer names although I still dont buy the NDA story.