Roth Cuts Plug Power (PLUG) to Neutral; Valuation Full, N-T Risks Remain

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Go back to Roth Cuts Plug Power (PLUG) to Neutral; Valuation Full, N-T Risks Remain

Plug Power Announces 2013 Fourth Quarter and Year-End Results

March 13, 2014 7:00 AM EDT

LATHAM, N.Y., March 13, 2014 (GLOBE NEWSWIRE) -- Plug Power Inc. (Nasdaq: PLUG), a leader in providing clean, reliable energy solutions, today reported its 2013 fourth quarter and year-end financial results.

Plug Power's growing sales momentum in 2013 continued as the year progressed, with bookings in the fourth quarter of $32 million.

Strong fourth quarter product sales and maintenance orders were received from significant customers such as Walmart, Kroger, BMW and Mercedes-Benz. These orders followed on the heels of an investor update on October 8th during which CEO Andy Marsh discussed company plans to expand into... More