Plug Power Inc (PLUG)

[uksausage]

PLUG is delivering against its business plan in terms of revenues. It will exceed $100m this year - may be even $150m - since the large new customer is paying cash not he PPA which gets accounted for as negative revenues at the moment. (pre PPA they would have done $120m last year).

I have set out here many times how PLUG gains profitability which according to management will be second half of 2018 since they now realize how the PPA business impacts their GAAP accounting - it took them longer than some analysts and posters here.

There is nothing wrong in not making a profit in 20 years (is it really 20 years or are you exagerating?) of being a R&D business which is now emerging into a full manufacturing and integrated power solutions and services company. Why do people keep bringing that up?

The future of hydrogen is NOT formic acid - how do you collect and recycle the old spent acid? There may be some applications for formic acid but I don't think they will be in the transportation space dominated by Ballard, PLUG and Intelligent Energy.

The future of hydrogen is in the local generation and storage of it using solar or other inputs. That is where serious money may be made. my money in PLUG is in my low risk IRA account not my OTC trading account!