Plug Power has released the full schedule of its much-awaited six-city investor roadshow that begins on Tuesday, May 19th. During the PowerTrip, Plug Power CEO Andy Marsh and other senior executives will hit the road to deliver six presentations to investors. Andy Marsh said he was excited to interact with large as well as small investors.
Plug Power’s six-city tour to begin with Latham
Interested investors can register for each location using this link. In the first leg of the tour, investors will be invited to Plug Power’s headquarters in Latham, New York on May 19 to discuss its operations and manufacturing. Customers and investors will also be allowed to take a tour to the company’s manufacturing facility. The second stop is New York, where Plug Power will hold its annual shareholder meeting on May 21st.
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The third stop will be San Francisco on May 27th. There, Plug Power CEO Andy Marsh and VP of strategic marketing John Cococcia will discuss the company’s strategic market expansion. In the fourth leg of the tour, CEO Andy Marsh and Tim Cortes, VP of hydrogen energy systems, will discuss the company’s hydrogen fuel cell path in Dallas on May 29th. Plug Power has a large investor base in Dallas, thanks to Andy Marsh’s connection with the city.
Plug Power looking to gain investor support
On June 2, Plug Power executives will discuss the company’s global sales in Chicago. In the last step of the roadshow, Andy Marsh and Plug Power’s general counsel Gerry Conway will discuss “influential policy” with investors in Washington D.C. on June 4th. The fuel cell maker is looking to gain investor support as it expands its operations. Plug Power has never returned a profit in its 16-year long history as a public company.
On Monday, the fuel cell maker reported disappointed first quarter revenue. Plug Power’s revenue jumped 69% YoY to $9.4 million, but missed the consensus estimate of $18.13 million. The company incurred a net loss of $12.1 million or 7 cents per share during the March quarter, in line with analysts’ projections. Plug Power shipped 265 GenDrive units in January-March period. As of March 31, 2015, Plug Power had $131.5 million in cash.