Plug Expects EBITDA Income in 2014 as Orders Quadruple
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Plug Power Inc., the fuel-cell system maker that’s the best performer on the Nasdaq in the past year, said operations will come closer to a profit this year as orders quadruple and production costs decline.
The company expects orders of more than $150 million this year for its fuel cell-powered forklifts, almost four times the 2013 total, Chief Executive Officer Andy Marsh said in a statement today. He forecast a profit for 2014, before interest, taxes, depreciation and amortization.