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  "documentTitle": "Plug Power Inc. (PLUG)",
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  "authorName": "Spruce Point Capital Management",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2019-12-19 00:00:00",
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  "notes": "Uses two bar charts to correlate financial engineering (leasebacks) with revenue performance.",
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      "text": "When management is inevitably forced to curtail its use of operating-type sale/leasebacks to support sales today, the resulting decline in revenue growth could be even more dramatic...",
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      "text": "When management is inevitably forced to curtail its use of operating-type sale/leasebacks to support sales today, the resulting decline in revenue growth could be even more dramatic, as there will be no remaining deferred revenue or profit associated with these operating leasebacks left to be recognized in subsequent periods.",
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      "text": "Recall that PLUG similarly pursued operating-type sale/leasebacks throughout 2015 before seeking alternative, more cash-flow friendly financing arrangements in 2016...",
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      "text": "PLUG In For A Repeat Of 2016?",
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