When the analyst who has been among the strongest supporters of PLUG (Matt Koranda, Roth Capital) adjusts his price target down to the current market level it is a pretty safe bet bad things will happen to the PPS going forward. I certainly don't think I have the same visibility in to the company that he would, and obviously he does not like what he sees.
Andy's pathological over promise/under deliver personality quirk has alienated probably the last analyst who remained open minded about the company's ability to succeed. After two quarterly reports and a business update conference call Paul Middleton appears to have been relegated to the position of chief statistician and financial town crier, so I really don't see any relief from the Andy BS train coming from his appointment. Having rolled over another analyst it just keeps on going.
Assuming HD is indeed a $30M order it would IMHO not be enough to counter balance the albatross around the company's neck (which is Andy) and resurrect the share price.
Walmart keeps getting brought up in shareholders meetings and conference calls as being only a signature away from converting more DC's - but without any concrete announcement (last one was 07/14) that story is getting so tired it looks more like a dead cat being dragged around than a live deal.
Absent of any substantive deals I could see this stock in the $1.50 range or lower by the time the next quarterly results come out strictly on the continued erosion of the credibility of the management.
In the race to see which announcement will come out first (HD, Nike, blah, blah, blah) let's not forget about the announcement which has already been made.
