Should you buy plug stock?
Apr 03, 2022 · Plug Power Stock Forecast, Price & News $22.04 -0.81 (-3.54%) (As of 04/22/2022 12:00 AM ET) Today's Range $21.74 $23.62 50-Day Range $19.81 $31.75 52-Week Range $17.51 $46.50 Volume 28.61 million shs Average Volume 18.26 million shs Market Capitalization $12.74 billion P/E Ratio N/A Dividend Yield N/A Beta 1.57 Profile Analyst Ratings Chart
Should I sell plug stock?
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Why is plug stock down?
Apr 22, 2022 · Plug Power (PLUG) (Real Time Quote from BATS) $22.71 USD -0.14 (-0.61%) Updated Apr 22, 2022 11:19 AM ET Add to portfolio Plug Power (PLUG) Quote Overview » Zacks Research » Plug Power (PLUG) Style...
Does plug pay dividends?
The stock of hydrogen fuel cell technology company Plug Power (NASDAQ: PLUG) has been up and down over the last month. Plug has been growing out its network of green hydrogen production capacity, and today announced a deal to offer Walmart up to 20 tons per day of the fuel. The agreement is among the first green hydrogen supply contracts of its ...
Is PLUG stock a good buy right now?
Finally, according to the 12-analyst panel at Tipranks, the stock is a “Strong Buy.” The analysts set an average 12-month price target of nearly $42, representing 62% upside. Of the 12 analysts, nine rated the company a buy while three recommend it as a hold.Feb 28, 2022
Is PLUG stock a buy or sell?
PLUG stock has an EPS Rating of 44, as it is not yet profitable. It has an A Accumulation/Distribution Rating, indicating strong buying among institutional investors. Plug Power's SMR Rating of D indicates that it outperforms 20% to 40% of other stocks.Apr 19, 2022
What is the target price for PLUG stock?
The 25 analysts offering 12-month price forecasts for Plug Power Inc have a median target of 39.00, with a high estimate of 78.00 and a low estimate of 21.00. The median estimate represents a +39.53% increase from the last price of 27.95.
How do I buy Plug Power stock?
How to buy shares in Plug PowerCompare share trading platforms. Use our comparison table to help you find a platform that fits you.Open your brokerage account. Complete an application with your details.Confirm your payment details. ... Research the stock. ... Purchase now or later. ... Check in on your investment.
Is plug a good long term investment?
Plug Power (NASDAQ:PLUG) is continuing to take steps that further extend its first-mover advantage in multiple aspects of the hydrogen ecosystem. Meanwhile, multiple governments are looking to implement new programs that will promote the use of hydrogen.Jan 17, 2022
Does Amazon own Plug Power?
Back in 2017, Plug Power sold warrants to Amazon, giving it the right to buy up to 23% of the company through warrants. The deal was made in part to encourage Amazon to spend enough money with Plug Power, at least $600 million, in order for the warrants to vest.Jun 26, 2021
What will plug stock be worth in 5 years?
According to Wallet Investor's Plug Power stock expectations, five years from now the stock could possibly surge to $93 a share based on an analysis of its current trend.Mar 21, 2022
Is plug profitable?
However, PLUG's outlook appears positive as the company raised 2022's revenue guidance from $838 million to between $900 Million to $925 Million. West is now confident PLUG can become “meaningfully profitable” by 2025 and by 2030 expects revenues to increase above expectations.Nov 11, 2021
What is the price target for NIO?
Stock Price TargetsHigh$552.16Median$213.27Low$153.62Average$246.90Current Price$17.154 days ago
Does Plug Power pay dividends?
PLUG POWER (NASDAQ: PLUG) does not pay a dividend.
What was Plug Power highest stock price?
The all-time high Plug Power stock closing price was 1498.00 on March 10, 2000.
Is plug an EV stock?
Plug Power Inc. (PLUG), ChargePoint Holdings, Inc. (CHPT), and Blink Charging Co. (BLNK) are three electric vehicle stocks that have slumped in price over the past year.
What is plug power?
What is value scorecard?
is a leading provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used primarily for the material handling and stationary power market. They are focused on proton exchange membrane, or PEM, fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and associated hydrogen storage and dispensing infrastructure from which multiple products are available. They sell and continue to develop fuel cell product solutions to replace lead-acid batteries in material handling vehicles and industrial trucks for some of North America's largest distribution and manufacturing businesses. Their current product line includes: GenDrive, GenFuel, GenCare, ReliOn, and GenKey.
Fuel Cells Could Be the Future: Here Are Three Stocks That Can Cash In
The Value Scorecard identifies the stocks most likely to outperform based on its valuation metrics. This list of both classic and unconventional valuation items helps separate which stocks are overvalued, rightly lowly valued, and temporarily undervalued which are poised to move higher.
Why Plug Power Stock Sank Today
The automotive industry is going green, and it appears over the next few decades the tried and true internal combustion engine will become a thing of the past. Right now, electric vehicles are the primary replacement.
Here's Why Plug Power Stock Popped Today
There was no news from Plug Power this morning, but the stock struggled to hold up amid the weakness in broader markets as rising delta variant coronavirus cases sparked fears of a slowdown in the economy.
Why Plug Power Stock Jumped Today
Leading automakers are showing greater interest in electric vehicles, particularly hydrogen fuel-cell technology.
Why Plug Power's Stock Is Sinking on Monday
The stock of hydrogen fuel company Plug Power (NASDAQ: PLUG) hasn't had a great year so far. Analyst Steve Fleishman from Wolfe Research initiated coverage of Plug Power with the equivalent of a buy rating, and believes the stock could reach $34 per share, as reported by StreetInsider.com.
Why Shares of Plug Power Are Rising Today
It's not anything the company is reporting today that's scaring off investors, but rather news out of China and its apparent interest in the hydrogen economy. Plug Power investors are responding to news today that China is making a multibillion-dollar investment in developing its hydrogen infrastructure.
Why Plug Power Stock Rose Again Tuesday
After dipping 3% last week, shares of Plug Power (NASDAQ: PLUG) recovered on Monday and continue to climb. After inching higher yesterday, investors' appetite for the fuel cell stock is staying strong today; Plug's stock is up 2.2% as of 11:57 a.m. EDT.
What is hydrogen fuel cell?
Investors are likely thinking the bipartisan infrastructure bill will make it to the president's desk.
Is hydrogen fuel combustible?
The company makes hydrogen fuel cells, which can produce electricity using hydrogen as an input fuel. The best part of producing electricity using hydrogen fuel cells is that they produce only water vapor as a by-product. There are no other emissions, so it is a completely clean way of producing electricity.
Is plug power clean?
Hydrogen fuel is highly combustible, which adds to its storage and transport costs. With the falling costs of lithium-ion batteries, the incentive to develop hydrogen infrastructure may not be huge. Overall, it isn't a smooth road ahead for hydrogen fuel cell makers. Image source: Getty Images.
Who is Rekha Khandelwal?
There are no other emissions, so it is a completely clean way of producing electricity. Image source: Getty Images. Plug Power's fuel cells are used in forklifts and in stationary backup power systems.
Who is the CEO of Plug Power?
Rekha Khandelwal, CFA, is a long-term investor with a special focus on energy stocks. Rekha holds a master's in finance and has worked as a financial consultant. When she isn't writing, she can be found traveling to a new city or country.
Who is John Mackey?
Plug Power CEO Andy Marsh told The Wall Street Journal, "It was an extraordinary payday for them.". It's unclear at what price it sold its shares. Amazon likely netted at least $1 billion in the deal, as Plug Power shares have been trading at around $25 for most of 2021.
Is Plug Power a new company?
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors.
Where is plug power made?
The company has a long history of diluting shareholders, and the CEO cashed out stock options to the tune of $28 million earlier this year. Plug Power is also not a new company. It was founded in 1997 and surged during the dot-com bubble on hopes of the disruptive potential for hydrogen fuel cells before collapsing when that bubble burst.
Is plug power profitable?
Plug Power has been taking aggressive steps to grow its top line. In February the company announced its plan to build a green hydrogen production facility in New York with a production capacity of 45 metric tons per day. Plug Power also recently signed a previously announced deal whereby South Korea's SK Group will invest $1.6 billion in Plug Power in exchange for a 9.6% stake in the company. The two companies plan to jointly establish a huge fuel cell and electrolyzer production facility in South Korea. The South Korean government has set ambitious goals for promoting hydrogen use in the country, which should benefit Plug Power.
Who is Rekha Khandelwal?
It's important here to understand why Plug Power isn't profitable after 20 years of operation. It's not that the company is making huge capital investments that will generate income for it at some point. If that were the case, the stock's prospects would be better.
The company has to answer a lot of questions first
Rekha Khandelwal, CFA, is a long-term investor with a special focus on energy stocks. Rekha holds a master's in finance and has worked as a financial consultant. When she isn't writing, she can be found traveling to a new city or country.
A long history of losing money
Travis Hoium has been writing for fool.com since July 2010 and covers the solar industry, renewable energy, and gaming stocks among other things. Follow @TravisHoium
Shareholders keep paying the price
The chart below tells you a lot about Plug Power's operations over the past decade. The company has been losing money and burning cash with no end in sight. It's also true that over this time, revenue has grown from $14 million per year to $252.5 million over the past year, but that growth hasn't translated into profits or cash flow.
This isn't a millionaire-maker stock
To fund losses, Plug Power has long issued shares, which you can see in the massive increase in shares outstanding over the past decade. But it's recently started taking out more debt, increasing risk to the business.