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| Small & Midcap Stock Forum Small & Mid Cap Stocks exchange between one and ten dollars, and usually have capitalizations of between $300 million and $10 billion. |
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07-14-2009, 10:26 AM
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Super Moderator
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Join Date: Oct 2007
Posts: 549
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PLUG - Plug Power Inc (NASDAQ Stock)
Plug Power Inc. is a development stage enterprise involved in the design, development and manufacture of fuel cell systems for industrial-motive (forklift or material handling) markets and stationary power markets worldwide. The Company is developing a range of fuel cell products and services, including hydrogen fuel cell low-temperature proton exchange membrane (PEM) systems for motive, continuous and back-up power and a high-temperature fuel cell system for residential and light commercial co-generation. The Company also offers a range of service and support options for its customers. These options include installation, commissioning, fueling and assistance built into software, printed and electronic product manuals, online support, as well as on-site technical support.
www.plugpower.com
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07-14-2009, 10:28 AM
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Super Moderator
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Join Date: Oct 2007
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Re: PLUG - Plug Power Inc (NASDAQ Stock)
Plug Power Receives Award to Operate Residential GenSys Fuel Cells in New York State Homes
10:39a ET July 7, 2009 (GlobeNewswire)
Plug Power Inc. (Nasdaq:PLUG), a leader in providing clean, reliable energy solutions today announced that they have received a $1.4 million award from the New York State Energy Research and Development Authority (NYSERDA) to install and operate three combined heat and power (CHP) GenSys(r) fuel cell systems in New York State homes. These systems will allow Plug Power to validate and enhance product features in preparation for broad scale product commercialization. The first system is scheduled to be installed this summer with all three units expected to be operational this year.
A residential GenSys unit will be installed in the basement of each home and will operate in conjunction with the electric grid, running on natural gas. The fuel cell will produce electricity and high-quality heat to satisfy the home's heating and domestic hot water demands. Plug Power estimates that GenSys will save the homeowner approximately 30% on their monthly utility bill.
The GenSys solution is expected to achieve an overall combined efficiency of 85%. Currently, homes utilizing grid electricity and typical heating systems average 44% household efficiency. "This increased efficiency level yields an annual CO2 reduction roughly equivalent to not driving your car for six months," said Mark Sperry, Vice President of Plug Power's Continuous Power Division. "The residential GenSys solution will allow for tremendous reductions in monthly energy bills and greenhouse gas emissions."
"This project marks another step toward the commercialization of our residential GenSys product," said Andy Marsh, CEO at Plug Power. "GenSys's state-of-the-art technology has moved out of the labs and into real homes -- homes with families, pets and swimming pools. This product will revolutionize the way energy is used around the world."
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08-28-2009, 09:46 AM
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Once you go options you never go back!
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Join Date: Sep 2008
Location: Michigan
Posts: 961
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Re: PLUG - Plug Power Inc (NASDAQ Stock)
Bottom play trading pennies from the March lows:
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08-28-2009, 02:34 PM
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Super Moderator
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Join Date: Jul 2007
Location: Cincinnati, Ohio
Posts: 10,839
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Re: PLUG - Plug Power Inc (NASDAQ Stock)
Trading near 52-wk low. Here's some news:
Quote:
GENCO Purchases 136 GenDrive Fuel Cells From Plug Power
12:39p ET August 27, 2009 (GlobeNewswire)
Plug Power Inc. (Nasdaq:PLUG), a leader in providing clean, reliable energy solutions, today announced receipt of a purchase order from GENCO Supply Chain Solutions for 136 GenDrive(tm) fuel cell power units. The order consists of 100 class-3 pallet jack units and 36 class-2 standup reach truck units. In turn, GENCO will provide the units to Wegmans at its distribution facilities for conversion of lift truck fleets in their produce and grocery buildings. At Wegmans' Pottsville, Pennsylvania facility, the GenDrive units will be placed into Crown lift trucks provided by Lift Inc.
The funding for the fuel cells is part of a $6.1 million award made to GENCO in April, 2009 by the U.S. Department of Energy (DOE) through the American Recovery and Reinvestment Act. The DOE intends this funding to accelerate the commercialization and deployment of fuel cells and create jobs in fuel cell manufacturing, installation, maintenance and support services.
The Wegmans project will consist of various phases through 2012. The first phase includes a 59 unit fleet conversion of the produce building. Subsequent phases will allow Wegmans to expand its use of the GenDrive solution at its facilities.
GenDrive fuel cell units will provide Wegmans with increased productivity and decreased operational costs due to the elimination of lead-acid batteries at its facility. Lead-acid batteries lose charge and operational performance over an entire shift. Also, specialized labor, equipment and additional time is needed to change, charge and maintain the toxic power source. By replacing lead-acid batteries with GenDrive fuel cells, Wegmans will be able to run their equipment at full speed for an entire shift, thereby maximizing efficiency. Refueling with hydrogen is safe and takes up to one minute.
At the same time, hydrogen fuel cells reduce greenhouse gas emissions. Conversion of the produce building alone allows Wegmans to reduce its carbon emissions in an amount equivalent to removing 134 cars of the road each year. Over the lifetime of the project, 4,064,445 kWh of energy will be off-set.
"Customers across the United States understand the immense impact hydrogen fuel cells have on material handling operations. GENCO and Wegmans are acting as leaders in this revolution," said Andy Marsh, CEO at Plug Power. "This installation is strongly aligned with the DOE's intent of transforming the energy market and accelerating the use of hydrogen fuel cells for significant economic impact and creation and retention of U.S.-based green jobs."
"We are excited about this project with Wegmans and the opportunities it will present. GENCO is committed to advancing technologies, alternative energy sources and environmental sustainability," said Bob Simon, program manager and Six Sigma Master Black Belt. "The DOE award makes it possible for us to move forward with these initiatives and present our customers and partners with value solutions."
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The company is bleeding money, negative earnings for the last year which explains why the stock is where it's at. Hydrogen is expensive, not sure how this company will do in the long run as an alt energy play.
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08-31-2009, 06:53 PM
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Once you go options you never go back!
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Join Date: Sep 2008
Location: Michigan
Posts: 961
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Re: PLUG - Plug Power Inc (NASDAQ Stock)
Got in today at .70
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09-21-2009, 06:48 PM
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Administrator
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Join Date: Jun 2007
Posts: 12,390
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Re: PLUG - Plug Power Inc (NASDAQ Stock)
Quote:
Originally Posted by thegreatgate
Got in today at .70
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And you are in the green-good job
Plug has moved to the upper realm of resistance. A very good chance it could break resistance and make a nice move. Though its going to run into more resistance, I am looking at the 1.00 area..
PLUG Chart
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10-06-2009, 10:08 PM
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Administrator
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Join Date: Jun 2007
Posts: 12,390
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Re: PLUG - Plug Power Inc (NASDAQ Stock)
Quote:
Originally Posted by greencat
And you are in the green-good job
Plug has moved to the upper realm of resistance. A very good chance it could break resistance and make a nice move. Though its going to run into more resistance, I am looking at the 1.00 area..
PLUG Chart
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PLUG is plugging away. Actually it looks like its going to make the move tomorrow and I think it will hit 1.20 soon..
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03-24-2010, 11:13 PM
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Administrator
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Join Date: Jun 2007
Posts: 12,390
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Re: PLUG - Plug Power Inc (NASDAQ Stock)
PLUG has started the move.
Quote:
Originally Posted by greencat
And you are in the green-good job
Plug has moved to the upper realm of resistance. A very good chance it could break resistance and make a nice move. Though its going to run into more resistance, I am looking at the 1.00 area..
PLUG Chart
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04-06-2010, 02:40 PM
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Administrator
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Join Date: Jun 2007
Posts: 12,390
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04-11-2010, 10:01 PM
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Administrator
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Join Date: Jun 2007
Posts: 12,390
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Re: PLUG - Plug Power Inc (NASDAQ Stock)
PLUG making a triangle pattern. It should break out of this pattern and make a nice move.
PLUG Chart
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