By Andy Marsh, Plug Power CEO<\/p>\n
<\/p>\n
In the Seeking Alpha article from last week, the author claimed we lost 3 GenKey sites. Let me share the facts.<\/p>\n
We reported 67 sites receiving fuel at 6\/30 and 71 at 9\/30, an increase 4.\u00a0 We reported revenue recognized of 7 sites in Q3 2018.\u00a0 He assumed we must have been up to 74 (67+7) and therefore lost three to get back down to 71.\u00a0 In reality, we counted 3 sites when they commissioned (which was prior to 6\/30) but they were not recognized as revenue until Q3, so they were already in our 67 count.<\/p>\n
Bottom line is that Plug Power lost 0 GenKey sites.<\/strong> Just a quarterly difference between timing for commissioning and revenue recognition.<\/p>\n The company has always been willing to speak to and clarify information being published by any Seeking Alpha author. This author did not reach out to us.<\/p>\n","protected":false},"excerpt":{"rendered":" By Andy Marsh, Plug Power CEO In the Seeking Alpha article from last week, the author claimed we lost 3 GenKey sites. Let me share the facts. We reported 67 sites receiving fuel at 6\/30 and 71 at 9\/30, an increase 4.\u00a0 We reported revenue recognized of 7 sites in Q3 2018.\u00a0 He assumed ...<\/p>\n","protected":false},"author":18,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[2],"tags":[],"yst_prominent_words":[1594,1589,1590,1592,1586,337,1585,1587,179,167,180,1596,1595,1593,1588,1591,1584,654],"class_list":["post-4370","post","type-post","status-publish","format-standard","hentry","category-blog"],"acf":[],"aioseo_notices":[],"yoast_head":"\n