Plug Power Inc (PLUG)

[uksausage]

That is their current public business strategy yes.

So, let me understand correctly, in 24 months Plug will be over $100 Million per quarter and growing more rapidly than it currently does?!

by end 2020 (so lets say for fiscal year 2021) they will be a $500m a year business.

this will get updated in February I am sure and did include some revenues from China which will be small for the first 2-3 year of any deal they do strike (2020 was to be the year China contributed in a major way).

Growth comes from :

Amazon and Walmart accelerating roll outs and upgrades ($1.2 Bn in orders to deliver remember, current run rate achieved after 18 months can be accelerated now they have logistics for storing and testing genDrives). that alone could produce $3-400m a year

Walmart upgrades for their initial systems

Other MH customer s- Mega Deal #3 (HD) and many others on back of ITC credits and proven business case over other technologies.

GSE market

Delivery Truck market

European growth.

OEM and other channels