{"id":4761,"date":"2014-06-12T15:11:39","date_gmt":"2014-06-12T15:11:39","guid":{"rendered":"\/?p=4761"},"modified":"2014-06-12T15:11:46","modified_gmt":"2014-06-12T15:11:46","slug":"plug-power-inc-nasdaqplug-logs-fourth-red-session-in-a-row","status":"publish","type":"post","link":"\/articles\/plug-power-inc-nasdaqplug-logs-fourth-red-session-in-a-row\/","title":{"rendered":"Plug Power Inc (NASDAQ:PLUG) Logs Fourth Red Session in a Row"},"content":{"rendered":"<p> <img loading=\"lazy\" decoding=\"async\" style=\"float: right; margin: 3px;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/PLUG.png\" border=\"0\" alt=\"PLUG.png\" title=\"PLUG.png\" width=\"400\" height=\"178\" \/>Plug Power Inc (NASDAQ:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PLUG\">PLUG<\/a>) slipped yesterday and lost 2.63% of its value. It registered its fourth red session in a row and finished the day at $4.08 per share. Not really the performance the shareholders are hoping for and when you take a look at the longer term behavior, you&#8217;ll see that things look even more disappointing. The logical question is: &#8220;<em>Why?<\/em>&#8220;. <\/p>\n<p>Part of the reason could be the lack of any significant developments around the company. <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PLUG\">PLUG<\/a><\/strong>&#8216;s latest press release came out nearly a month ago and it contained a summary of the results recorded at the end of the first quarter. Here they are:<\/p>\n<ul>\n<li>cash: $63 million <\/li>\n<li>current assets: $84 million<\/li>\n<li>current liabilities: $11.7 million<\/li>\n<li>revenue: $5.5 million<\/li>\n<li>net loss: $75 million<\/li>\n<\/ul>\n<p>When you compare the figures above with the ones found in the company&#8217;s previous filings, you&#8217;ll see that they have managed to increase their cash position and you&#8217;ll also note that some of the liabilities have been satisfied. Unfortunately, there&#8217;s been a <em>13% drop in revenues year over year<\/em> and the negative bottom line is still there.<\/p>\n<p>Apparently, a Seeking Alpha contributor who goes by the name of Jason Russ isn&#8217;t particularly happy about this fact. He published an article on June 5 according to which <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PLUG\">PLUG<\/a><\/strong>&#8216;s real value should be hovering below $2 per share.<\/p>\n<p>This has probably contributed to the slide the ticker is experiencing at the moment, but we can&#8217;t imagine that the article&#8217;s effects will last forever. Unfortunately, a few other things could do some long-term damage.<\/p>\n<p>In the latest press release, <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PLUG\">PLUG<\/a><\/strong>&#8216;s CEO, Andrew Marsh, said that he and his team are focused on &#8220;<em>building a large profitable company<\/em>&#8220;. Plug Power is by no means small, but right now, the &#8220;profitable&#8221; bit seems to be out of reach. This, in turn, has led to another problem &#8211; dilution.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: left; margin: 3px;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/PLUG_logo.jpg\" border=\"0\" alt=\"PLUG_logo.jpg\" title=\"PLUG_logo.jpg\" width=\"150\" height=\"37\" \/>If you go through the filings, you&#8217;ll see that the number of issued and outstanding shares has grown from <strong>102 million<\/strong> at the beginning of November 2013 to <strong>167 million<\/strong> on May 7, 2014. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PLUG\">PLUG<\/a> recently announced that one of the discussion  points during the upcoming annual stockholder meeting will be a potential raise of the number of authorized shares which could suggest that the O\/S count might grow further in the future. Hopefully, the deals and joint ventures that are currently in the works will help the company cut down on the stock issuance.<\/p>\n<p>Unfortunately, guarantees about that can not be given at the moment which is why doing your own careful research and considering the risks is absolutely essential.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Plug Power Inc (NASDAQ:PLUG) slipped yesterday and lost 2.63% of its value. It registered its fourth red session in a row and finished the day at $4.08 per share. Not really the performance the&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1304],"class_list":["post-4761","post","type-post","status-publish","format-standard","hentry","category-news","tag-plug"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=4761"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4761\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=4761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=4761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=4761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}