Plug Power Inc (PLUG)

[canadajim]

FCEL delivers Q1 'less bad news' results
(Period ending 01/31/15)

http://www.stockhouse.com/news/press-releases/2015/03/10/fuelcell-energy-reports-first-quarter-2015-financial-results

Short synopsis with approximate numbers :

Q1 2015 vs. Q1 2014
====================
Revenue down 8%
Gross Profit & Gross Margin approx. double
Net Loss per share reduced by 2/3
Total backlog +3%
Product backlog -25% (~30% of backlog)
Service backlog +27% (~65% of backlog)
Advanced Tech backlog +18% (~5% of backlog)

As of end of Q1 2015
Liquidity approx. $110M Cash + $45M available credit

While this is not exactly good news for either FCEL (and by association PLUG) it is certainly far less bad than the BLDP results.

Hopefully PLUG will recover to $3 before the earnings release - unless we continue to see more large blocks of shares going across at the bid price like we did today, indicating a lack of confidence that PLUGs results will meet or exceed expectations.

P.S. Does anyone know if the 10-K filing will become public before the release of the results on the 17th?