Plug Power Inc (PLUG)

[uksausage]

You arent getting my point

at the time of purchase / installation both companies are priced as normal, they only get the warrants in batches after they spend $50m or so in cash. so each installation is upfront at normal price..
the warrant if converted and if sold gives then cash back some time after installation no way can the accounts show a discount to the price

where will the cash from the warrants appear on the financials

certainly not in the quarterly revenues and margins calculations

Now, maybe down the road the future for Plug will not be the sale of the fuel cell but the sale of the hydrogen to fuel them.

But that is several years out and a lot of dilution before they get to that point.

BTW PLUG does more hydrogen fills per day than any other company
PLUG has more hydrogen dispensers than any other company IN THE WORLD

It has performed 7,000,000 refills of PLUG supplied hydrogen so far about 2m of those this year (probably more ) as it grows each and every day as more dispensers and more fuel cells are deployed

July they deployed 1,000 more new fuel cells that will each get at least 3 fills a day!

yes one day it may be the number one revenue item but it is significant now and about to turn positive in terms of margin as their bulk buy price or manufacture cost gets reduced due to volumes being distributed.