Dallas, Texas 01/10/2014 (FINANCIALSTRENDS) – Plug Power Inc (NASDAQ:PLUG), the small capped alternate energy equipment and services provider, has managed to double its market value in the past 5 days. It has appreciated by a full 100 percent in the past weeks trading. These gains come in spite of the 27 percent tumble that the firm’s shares took during trading on January 9.
Yesterday’s dip in the investor’s confidence in the stock of this Plug Power, a diversified electronics player would have come as a rude shock to those die hard investors of Plug Power Inc (NASDAQ:PLUG) who had come to believe that the surge in the prospects of this small cap energy player was unstoppable. These investors might be excused for their overconfidence in the stock because; the performance of the stock in the past year backs their positive sentiments about the future prospects of the firm.
The investors in Plug Power Inc (NASDAQ:PLUG) have seen their investments grow by an astounding 773 percent in the past six months of trading. It has grown in an equally frenzied pace during the past quarter in which it has grown by an equally impressive 462 percent. These fantastic appreciation rates come on the back of surging demand for products and solutions that Plug Power Inc (NASDAQ:PLUG) specializes in to produce alternate energy from fuel cells.
Readers should note that in the just concluded fourth quarter, the firm reported revenues of $54 million which well above the net loss it has accumulated over the past one year. It disclosed that its order books are full for the quarter well ahead of schedule, driven by the huge multiplication in demand for its products in the past two quarters. It has forecasted a even stronger 2014, and expects the 4Q over bookings to move into its 1Q order book build up.
