Improving Quarterly Numbers For Downtrending Plug Power Inc (NASDAQ:PLUG)

[[tagnumber 0]][[tagnumber 1]]Plug Power Inc (NASDAQ:<a href=“http://www.thehotpennystocks.com/Stock–Quotes/?stock=PLUG“>PLUG</a>) reported its Q1 2015 earnings last week. Due to improved financials, the stock gained 4.94% on release day, followed by a similar change the following day.[[tagnumber 2]] [[tagnumber 0]]As for the most recent session, <a href=“http://www.thehotpennystocks.com/Stock–Quotes/?stock=PLUG“>PLUG</a> closed trade at $2.69 on May 19, up 3.88% from the previous day, on a volume of 4.6 million. However, is the hydrogen fuel cell powerhouse up for an extended climb on the charts?[[tagnumber 2]] [[tagnumber 0]]As much as the 10–Q does contain some positive notes, it marked Plug Power‘s third consecutive net quarterly loss, this time clocking in at over $11 million. This number results from:[[tagnumber 2]] [[tagnumber 7]] [[tagnumber 8]]much higher quarterly revenue –&gt; $9.4 million vs. $5.6 million in Q1 2014;[[tagnumber 9]] [[tagnumber 8]]higher cost of revenue –&gt; $11.5 million as compared to $7.9 million as of Mar. 31, 2014;[[tagnumber 9]] [[tagnumber 8]]double administrative costs –&gt; $10.7 million, up 109% on an annual basis.[[tagnumber 9]] [[tagnumber 14]] [[tagnumber 0]]The company also reported a 60% increase in the sales of its proprietary GenDrive product &ndash; a fuel cell deployed in electric lift trucks capable of running thousands of hours. The company claims to cover the full spectrum of solutions ranging from the manufacture to the subsequent maintenance.[[tagnumber 2]] [[tagnumber 0]][[tagnumber 18]]With projected revenue of $200 million from bookings in 2015, Plug Power‘s management expects to ensure sustainable corporate development. What is more, with cash reserves exceeding $130 million, <a href=“http://www.thehotpennystocks.com/Stock–Quotes/?stock=PLUG“>PLUG</a>‘s prospects of continuing as a going concern seem quite solid. Nervetheless, the stock is exactly 59% away from going back to its 52–week high it hit last August. Of course, <a href=“http://www.thehotpennystocks.com/Stock–Quotes/?stock=PLUG“>PLUG</a>‘s shares were in an uptrend back then. Judging from the positions of the MA(50) and MA(200) on the charts today, investors willing to witness a bullish crossover might have to wait a little longer than expected.[[tagnumber 2]] [[tagnumber 0]]From a fundamental standpoint, <a href=“http://www.thehotpennystocks.com/Stock–Quotes/?stock=PLUG“>PLUG</a> may have the potential to buck the trend in the long term in the light of its current capital structure. We have yet to see how the company will utilize the strengths and address the weaknesses as new financial data arrive in the forthcoming months.[[tagnumber 2]]