PLUG POWER INC (NasdaqGM:PLUG) Rated: 'Strong Buy' Fair Value Target $5, 12 Month Target $9.

NOTE: PLUG at $3.13 Is trading well below fair value as Book value alone is $3.39 per share

NOTE: Analysts Upgraded PLUG 3/19/07 from HOLD to BUY

NOTE: 'PLUG locked in with WALMART' Plug Power Announces Agreement to Acquire Cellex Power Thursday March 15, 11:48 pm ET

Proposed acquisition advances Plug Power's market engagement strategy while diversifying product portfolio

LATHAM, N.Y., and VANCOUVER, British Columbia, March 15 /PRNewswire-FirstCall/ -- Plug Power Inc. (Nasdaq: PLUG - News), a leader in providing clean, reliable on-site energy products, today announced execution of a definitive agreement to acquire Cellex Power Products Inc., a leader in fuel cell power solutions for industrial vehicles.

Since its inception in 1998, Cellex Power has been developing Proton Exchange Membrane (PEM) fuel cell power units for electric lift trucks and is targeting the estimated USD 1.5 billion industrial motive battery market. In November 2006, Cellex successfully completed beta testing of its zero- emission, hydrogen fuel cell power units in pallet trucks at two Ohio-based Wal-Mart distribution centers.

NOTE: PLUG's BUY out of Cellex adds $1 to $2 per share to PLUG's share price value.

NOTE: Chart Technicals turned positive NEW uptrend starting

50-Day Moving Average: $3.42. 200-Day Moving Average: $3.87.

Plug Power Inc. (Plug Power) is a development stage enterprise engaged in the design, development and manufacture of on-site energy systems for energy consumers worldwide. The Company is focused on a platform- based systems architecture, which includes proton exchange membrane (PEM) fuel cell and fuel processing technologies, from which multiple products are being offered or are under development. Plug Power has one commercial product line, Gencore, which is a back-up power product for telecommunications, broadband, utility and industrial uninterruptible power supply (UPS) applications. The Company is also developing additional products for continuous run power applications, with optional combined heat and power capability for remote small commercial and remote residential applications.

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Traders Alert/PLUG/3/23/07

Disclaimer: Please do your own research before you invest in any stock. http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_P/threadview?m=te&bn=14345&tid=73003&mid=73003&tof=1&frt=2#73003

(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)