Plug Power Inc (NASDAQ:PLUG)

Buyers Return to Plug Power Inc (NASDAQ:PLUG)

Plug Power Inc (NASDAQ:PLUG)

Plug Power Inc (NASDAQ:PLUG) has borrowed an additional $20 million from the New York Green Bank – bringing its total indebtedness to the bank to $45 million. Last week, Plug Power Inc (NASDAQ:PLUG) jumped 15.09% in one trading session after announcing a new collaborative agreement with WalMart Stores Inc (NYSE:WMT). Previously the company had inked a deal with Amazon (NASDAQ:AMZN), and FedEx (NYSE:FDX).

Plug Power Inc (NASDAQ:PLUG)
Six month daily candlebar graph for $PLUG

Latham, NY-based Plug Power Inc (NASDAQ:PLUG) designs, develops, markets, and manufactures hydrogen fuel cell systems used for the material handling and stationary power markets in the United States. For WalMart and Amazon, Plug Power Inc is supplying fuel cells to power forklifts and other warehouse machinery. For FedEx, Plug Power Inc provided their proprietary ProGen engines for the delivery company’s electric vehicle fleet..

2017 revenues from each of the WalMart and Amazon deals are expected to reach between $70 and $80 million. However the loan was necessary according to Andy Marsh, CEO of Plug Power “Our amended credit facility provides Plug Power with access to additional strategic capital, improves the flexibility of our balance sheet, and ultimately reinforces our position to execute on our long-term growth strategy,” The loan comes with a steep interest rate of 11% and will mature in December of 2019.

Five investment firms follow Plug Power Inc (NASDAQ:PLUG). Three rate PLUG shares as a “Strong Buy”, while two rate the shares as a “Hold”. Their analyst’s consensus target price is $2.84 – about $0.50 higher than current trading levels. Plug Power Inc (NASDAQ:PLUG) has yet to post a profit but the losses shrink every year. In 2012 the per share loss was (-$0.93) but by 2016 it was (-$0.32). Sales originally had an upward trajectory. In 2012, sales were posted at $26.1 million and by 2015 sales were listed at $103.3 million, however in 2016 sales were a disappointing $85.9 million.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $PLUG and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Reverse Merger Speculation In Pick-Ups Plus, Inc. (OTCMKTS:PUPS)

Pick-Ups Plus, Inc. (OTCMKTS:PUPS)

Pick-Ups Plus, Inc. (OTCMKTS:PUPS) fund raise has got the whole OTC trading world alarmed. Unverified reports indicate that the company is undergoing intense promotion with the main mission of advancing a reverse merger. With DOLV getting a windfall after going through one, everyone seem to be watching in anticipation.

The recent stock action seems to point to the same trend. However it has yet to exhibit the full signs portrayed by DOLV. Pick-Ups Plus is yet to make its current filings. The company has no initial investment as well as minimal penetration by the executive into its front office. The company virtually seems to be out of business.

Pick-Ups Plus was incorporated in 1993 in Delaware as a wholesaler, franchisor, installer and retailer of sports utility vehicles and accessories for trucks. Currently, the company has five stores operating in Illinois, Kentucky, Ohio and Texas. As of September 30, 2006 the company had two stores in Cincinnati, Ohio area.

According to documents produced by the company, the company bought Auto Preservation, Inc. which is run as a fully owned subsidiary. Auto Preservation operates two centers in the Cincinnati market as the only solution for environmental protection packages, new vehicle prep, SUV accessories, pickup truck as well as reconditioning services and sales. In addition, the company started licensing territories outside Cincinnati and for the ValuGard name. This was information available as of 2006. The company has since then gone silent.

In all, the company has recorded over 840% raise in PUPS in just a couple of days but the raise comes in the context of a growing bearish trend. In addition, the stock has seen a material increase in volumes.

The company has not released any news, filings or even a press release – the most shocking part of the story is the sudden gains in the stock.

In a case like this, momentum only begets momentum. Sub-penny stocks are known for big sudden moves in short spans.

Going by the company’s filings on November 10, 2006, it had 195,807,900 shares of common stock outstanding of which 35,045,358 were restricted shares.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

About the author: Monica Gray has an undergraduate degree in Accounting and an MBA – earned with Honors. She has six years of experience in the financial markets and has been a securities analyst for the past two years.