ALIAD reports 9.4% stake in Plug Power ALIAD acquired the Class C Preferred Stock as an investment and in order to support the business of the company. ALIAD is entitled to designate a Director to the company’s Board, and such Director will participate fully in the deliberations of the Board.
Plug Power lowers FY14 revenue view to $70M-$75M, consensus $75.5M Plug Power affirms view of $150M in FY14 bookings. Note that Plug Power said it saw FY14 revenue of $75M on October 10. Plug Power says it is targeting operating income of zero by the end of next year. Guidance issued earlier on company's Q3 earnings conference call.