Plug Power Inc (PLUG)

[uksausage]

Invested in both.

FCEL has different technology, is targeting different markets and has a very different business model.

it is the business model that investors are having issues with. It involves a lot of up front cash to finance the installations but downstream they will be getting revenues like any other utility

They could the next Dominion. They need cash to get there though maybe a revised shared cost approach may help them.

The world is switching to electric power for everything. FCEL helps power the grid , PLUG (and Ballard) help power electric motors for vehicles of all shapes and sizes.

Ballard targeting very big - trains, trams etc
PLUG focus on Material handling - fork lifts, GSE, AGV's, tethered - FedEx/USPS/UPS delivery vehicles

Benefits of electric motors are incredible - some have like 12 moving parts! think of the savings in maintenance for an electric car vs hybrid. that is why electric will win out - some may be battery only but for real distance and fast refueling why not have fuel cells and hydrogen tanks?