{"id":4370,"date":"2018-12-10T07:06:33","date_gmt":"2018-12-10T12:06:33","guid":{"rendered":"https:\/\/plugpower.local\/?p=4370"},"modified":"2018-12-10T07:06:33","modified_gmt":"2018-12-10T12:06:33","slug":"part-2","status":"publish","type":"post","link":"https:\/\/www.plugpower.com\/blog\/part-2\/","title":{"rendered":"Part 2 &#8211; PLUG POWER ADDRESSES INACCURACIES OF RECENT SEEKING ALPHA ARTICLE"},"content":{"rendered":"<p>By Andy Marsh, Plug Power CEO<\/p>\n<p>&nbsp;<\/p>\n<p>In the Seeking Alpha article from last week, the author claimed we lost 3 GenKey sites. Let me share the facts.<\/p>\n<p>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<p><strong>Bottom line is that Plug Power lost 0 GenKey sites.<\/strong> Just a quarterly difference between timing for commissioning and revenue recognition.<\/p>\n<p>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":"<p>By Andy Marsh, Plug Power CEO &nbsp; 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,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-4370","post","type-post","status-publish","format-standard","hentry","category-blog"],"acf":[],"aioseo_notices":[],"yoast_head":"\n<title>Part 2 - PLUG POWER ADDRESSES INACCURACIES OF RECENT SEEKING ALPHA ARTICLE - Plug Power<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.plugpower.com\/blog\/part-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Part 2 - PLUG POWER ADDRESSES INACCURACIES OF RECENT SEEKING ALPHA ARTICLE - Plug Power\" \/>\n<meta property=\"og:description\" content=\"By Andy Marsh, Plug Power CEO &nbsp; In the Seeking Alpha article from last week, the author claimed we lost 3 GenKey sites. 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