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Plug Power meets its 4Q order targets

Plug Power meets its 4th-quarter order targets, expects to meet or beat them in first quarter

Associated Press

LATHAM, N.Y. (AP) -- Plug Power said Thursday that it met its fourth-quarter order targets and anticipates first-quarter bookings will meet or top those of the previous quarter.

The alternative energy company's stock climbed more than 35 percent in morning trading.

Plug Power Inc. said its fourth-quarter orders totaled about $32 million. This included contracts with Wal-Mart Stores Inc., Kroger Co., Procter & Gamble Co., Bridgestone Corp., BMW, Sysco Corp., Ace Hardware, CVS, Mercedes Benz, Lowes Cos., Stihl, and Coke.

Shares of Plug Power gained 56 cents, or 36.1 percent, to $2.11 in morning trading after rising as high as $2.18 earlier, its highest level since March 2012.