Plug Power Inc (PLUG)

[uksausage]

companies do not have to release a separate Q4 report so long as they will report their annual numbers

no public company I know of releases a separate Q4 report NYSE NASDAQ or even OTC.

Service contracts are part of the GenKey total solution that customers buy. BTW plug have only sold 14-15,000 genDrives (still many more than any other EV solution). PLUG's service includes performance metrics since every genDrive uploads data on each fill which helps in preventative maintenance but also operator efficiency and other data.

The other factor to consider when looking in the numbers going forward - First customers are now replacing their early fuel cells with newer GEnDrives using PLUGs own stack technology - fewer Ballard cells in place which were expensive to maintain. It also means replacement sales. Walmart's first DC will be up for replacement in 2019 I think the main roll out will be re-rolled out with replacements in 2021.

So we have a business growing 100-150% a year with installed based to start being upgraded/replaced in 2 years time, entering new markets for delivery vehicles, buses and fuel infrastructure in a market where major manufacturers are all supporting more hydrogen and electric motion in general.