Did I PLUG in the word POWER enough in the headline? Today the news BEAT THE STREET… SO LOOK FORWARD AND UPWARD! At least I certainly hope so. I see a growing buzz for Plug Power Inc. (NasdaqCM: PLUG) that is likely to move this one out ahead of many others this week. We mentioned it just once last week and we noticed it was huge back then. Now we are seeing even more as our Monday begins quite strong.
Let’s look at that Buzz:
Most Important – We BEAT THE STREET!
$PLUG huge win on earnings with the release this morning, in the green AND beat forecasts @bman_alerts
— Sharon W. Morales (@w_sofapicige) October 19, 2015
Chelsea points out record revenue two quarters in a row:
.@PlugPowerInc $PLUG has 2nd consecutive quarter with record revenue http://t.co/j9k4KQUorP pic.twitter.com/Y9OxmCYMkJ
— Chelsea Diana (@AlbBizChelsea) October 19, 2015
Michael Bigger with a great link from the state of Connecticut!
$AMZN $PLUG Great find Steve https://t.co/huQ0QZhuSr
— Michael Bigger (@biggercapital) October 19, 2015
Houston Troli is on this one after KIRI cracked support:
$KIRI cracked support and I’m watching $PLUG for now.
— Houston Troli (@Htroli94) October 19, 2015
SATS360 has this comment:
$PLUG @AndyMarsh15 Not surprised with the pre ER congrats! you guys doing a great job. Cheers! for better days!
— Sats360Capital (@Sats360Capital) October 19, 2015
Essex Trading shares this image of premarket activity:
$PLUG mic move this am so far, like it short term still pic.twitter.com/AqnWFuSVQX
— Essex Trading (@WizDayTrader) October 19, 2015
StockTalk asks if any one is selling on the news?
$PLUG sell the news ? Gonna meet projections.
— StockTalk (@bman_alerts) October 19, 2015
Sharon Morales answers back…
$PLUG Seems like resistance was at 2.40 now should be support. Might dip a few pennies but should rise @bman_alerts
— Sharon W. Morales (@w_sofapicige) October 19, 2015
THELIDLIVES:
$plug slow steady upward grind in price is better for long term holders than rips that the shorts can pound.
— thelidlives (@thelidlives) October 19, 2015
Dave Neville shares this from Seeking Alpha:
Plug climbs after reporting record revenue http://t.co/WdHHmWZQwI $PLUG
— Dave Neville (@DNev47) October 19, 2015
LATEST NEWS ON EARNINGS:
Plug Power Achieves Second Consecutive Quarter of Record Revenue
Company Exceeds $30 Million in Q3 Revenue and Reaffirms 2015 Goals
Plug Power Inc. (PLUG), a leader in providing clean, reliable energy solutions, today highlights that it has realized a second consecutive quarter of record revenue. More than $30 million of revenue was earned in the third quarter of 2015, gained through accelerated fuel cell and hydrogen infrastructure shipments and installations. Additionally, the company remains on track to attain 2015 financial targets.
“Our business growth continues at a regular cadence of customer adoption and commissioning. Plug Power is again recognizing a record revenue quarter that falls right in line with our established goals,” said Andy Marsh, CEO at Plug Power. “Every day we receive positive feedback from customers who use our products to save money and improve productivity, and this really drives the innovation and pride within our doors.”
Plug Power maintains its 2015 forecast of total sales in excess of $100 million, comprising sales of more than 3,300 GenDrive units and construction of more than 15 GenFuel hydrogen storage and dispensing infrastructures. The company projects bookings of more than $200 million in 2015, with approximately 75 percent coming from repeat customers.
Full details will be discussed when the company announces its third quarter earnings in early November. (READ FULL RELEASE)