Plug Power, a stationary fuel cell maker valued at just over $300 million, has just brought on a new interim CFO - David Waldek.

Tomorrow, the company reports Q4 and annual 2006, so recent executive departures do not augur well for these results. According to this Motley Fool entry;

"Public filings alone show that gross margins have continued to deteriorate all year long. As for operating and net margins, they remain so negative as to not be worth calculating."

Back in 2004, it was anticipated that their GENSYS system would cost below $1500 in 2007/8 - a price at which it could compete in the market without a government subsidy. Like many fuel cell companies, lower costs sadly remain on the horizon and a price breakthrough has yet to materialize.

So let's see what the results are like tomorrow . . .