Plug Power (PLUG) continues to dominate in the small but rapidly growing market for forklift truck power plants using hydrogen fuel instead of battery packs. The most recent quarter is a case study in expectation setting. Unfortunately, the company had set some lofty expectations during the latter part of last year. Although Plug Power shipped some 572 units in 4th quarter (by far its best quarter ever), it had set expectations for higher rates. As a result, the stock price has been punished from its recent $2.55 high. Also, Plug Power has been working to improve its growth margins through product upgrades and better utilization of its manufacturing capacity. Although product gross margins...
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