Plug Power Inc (PLUG)

[trader2nv]

PLUG new Multi-Site GenKey contract worth between 48-72 Million

http://finance.yahoo.com/news/plug-power-receives-multi-genkey-120000525.html

This order is worth 48-72 million over a 5 year period as stated per the company website.
http://www.plugpower.com/Home.aspx

You can view the "Download Slide Deck" under In The Spotlight and find the value per GenKey site on page 8 of "8-12 Million" This new contract is for 6 sites. 6 X 8 and 12 = 48M to 72M

While indications seem to point to Walmart for the new GenKey order.... it seems less relevent of the name of the company vs the fact that this new contract represents a nice revenue stream for 5 years. 65% of the contract is recognized in the first 2 years while 35%(GenCare Contract portion) is recognized over 5 years per page 15 of the slide show above. On page 4 PLUG also states that they expect to sign TWO GenKey deals in Q1 of 2014.

The fact is this is a HUGE contract for PLUG and simular future GenKey contracts may be on the way.

Time for investors to due their DD and see the value this contract represents and GET THE WORD OUT.