Plug Power Inc (PLUG)

[august1991]

8:00 AM ET 3/24/14 | PR Newswire

On March 13, 2014, Plug Power Inc. (Plug Power) reported Q4 2013 and full-year 2013 financial results. In Q4 2013, the Company reported total revenue of $8.0 million, up 35.6% YoY, while full-year 2013 total revenues were up 1.9% YoY to $26.6 million. Quarterly net loss came in at $28.9 million, or $0.28 loss per share, compared to a net loss of $8.5 million, or $0.22 loss per share, in Q4 2012. Full-year 2013 net loss was $62.8 million, or $0.83 loss per share, compared to $31.9 million, or $0.93 loss per share, for full-year 2012. "Although a lot has happened since our last call, I am more bullish than ever that Plug Power is moving into a rapid-growth cycle," said Andy Marsh, CEO of Plug Power. "We kicked off the first quarter of 2014 by signing a multi-site, multi-year GenKey contract with Walmart that surpassed our Q1 goals. I firmly believe that this continuing momentum will carry on throughout 2014, and that orders for this year will total more than $150 million - almost four times our total for 2013. We also are on track to achieve our goal of EBITDAS break even by Q3 2014." The full analyst notes on Plug Power Inc. are available to download free of charge at:

http://www.AnalystsReview.com/03242014/PLUG/report.pdf