Plug Power Inc. (NASDAQ:PLUG)
About Plug Power Inc. (NASDAQ:PLUG) Plug Power Inc. is a developmentstage company engaged in the design, development and manufacture of fuel cell systems for industrial offroad (forklift or material handling) markets and stationary power markets worldwide. The Company sells and develops a range of fuel cell products and services including hydrogen fuel cell lowtemperature proton exchange membrane (PEM) systems for motive and stationary power and a hightemperature fuel cell system for residential and light commercial cogeneration. It sells its products worldwide through its direct product sales force, original equipment manufacturers (OEMs) and their dealer networks. Plug Power Inc. sells to business, industrial and government customers. GenDrive is a fueled PEM fuel cell system that provides power to industrial vehicles. GenSys is a liquid petroleum gas (LPG) fueled continuous prime power system.
Statistics Symbol
PLUG
EPS
0.39
Current Price
$0.800
Market Capitalization:
$105.40M
52 week range
$0.36 $1.07
Shares Outstanding
131.75M
Avg Volume
2.00M
Beta Value
1.14
Financials Plug Power Inc. (NASDAQ:PLUG) produced current quarter’s total revenue of $5.75 million that is noticeably greater than last quarter’s closing of $3.10 million. Moreover, operating and net income have gone down noticeably which resulted decrease in EPS for the current quarter. The company’s cash flow from operations (CFO) has decreased to negative $39.46 million from last quarter’s ending cash flow of negative $24.50 million. This shows company has produced less cash than its expenses through its core business units which is not a good sign for the investors. Total assets of company mount up to $65.51 million as of September 30, 2010 that is 85.98% less than last quarter’s ending but it has managed to maintain the current ratio. The company’s total equity is gradually decreasing which depicts that company is going to have more funding liquidity problems and fewer funds would be available to invest in future profitable opportunities.
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