Why Plug Power shares are rising?
Get the latest Plug Power Inc. (PLUG) stock news and headlines to help you in your trading and investing decisions.
Should you buy plug stock?
Jul 12, 2021 · A peer's growth is accelerating, and that has Plug Power investors reaching for the warning flags. What happened Shares of Plug Power ( PLUG -3.66% ) have been melting in this summer's heat,...
Where will plug power be in 5 years?
9 hours ago · Beginning the week on an inauspicious note, shares of Plug Power (NASDAQ: PLUG) headed south when the opening bell rang this morning. Investors who saw the hydrogen stock decline may have...
What happened to plug power?
Jul 23, 2021 · What happened Shares of Plug Power ( PLUG -4.76% ), which had fallen more than 3% in trading earlier in the day, struggled higher but still closed down 1.9% on Friday. A positive analyst note from...
Why is Plug Power trading so low?
The tech sell-off continued in early trading today, and alternative energy stocks were no exception. Hydrogen fuel technology company Plug Power ( PLUG 5.59% ) initially dropped more than the overall Nasdaq Composite Index, losing more than 6%. That may have been due to some press on the hydrogen fuel industry.Dec 6, 2021
Is Plug Power a good stock to buy now?
PLUG stock has an EPS Rating of 43, 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.Mar 22, 2022
What is the problem with plug stock?
Key Points. Plug Power is losing investor confidence rapidly. A big problem is the company's astoundingly bad financial performance. There's a lot of potential growth ahead, but a company that's never proven it can make money may not be the best bet in energy today.Oct 12, 2021
Will plug stock go back up?
Will Plug Power stock go up? Nobody can foretell with 100% accuracy whether the price of a stock will rise in the future. However, the algorithm-based Plug Power stock forecast made on 21 March by Wallet Investor for 2022–2027 said the price could be around $34.3 in a year's time.Mar 21, 2022
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
Is Plug Power a Buy Sell or Hold?
Plug Power has received a consensus rating of Buy. The company's average rating score is 2.71, and is based on 18 buy ratings, 5 hold ratings, and 1 sell rating.
Is PLUG a good stock to buy 2021?
Heading into 2022, PLUG stock is expected to deliver higher revenue and narrower losses. Market consensus sees Plug Power's top line expanding by +80% YoY from $499 million in fiscal 2021 to $899 million in FY 2022, according to sell-side financial estimates sourced from S&P Capital IQ.Jan 14, 2022
Is Plug Power overvalued?
The average analyst price target among the 24 analysts covering Plug is $42, suggesting about 4.1% upside from current levels. The Verdict: At today's price, Plug stock appears to be extremely overvalued based on a sampling of common fundamental valuation metrics.Nov 4, 2021
What is the future of PLUG?
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
Will Plug Power ever be profitable?
With no profits so far in its history of over two decades, Plug Power has relied on shareholders' funds for its operations. The company expects to generate gross margin of more than 30% by 2024. It would take at least some more years beyond 2024 for Plug Power to generate net profits.Aug 24, 2021
A peer's growth is accelerating, and that has Plug Power investors reaching for the warning flags
What happened
A member of The Motley Fool since 2006, Scott began contributing content in 2013. His focus includes renewable energy, gold, and water utilities. Follow him on Twitter. . . Follow @scott81236
So what
Shares of Plug Power ( NASDAQ:PLUG) have been melting in this summer's heat, tumbling by more than 14% so far in July. And the slide was continuing Monday morning. At one point, the shares were down by more than 5%, and they were off by more than 2% as of 12:24 p.m.
Now what
While Plug Power didn't have anything to report Monday morning, Hyzon Motors, a manufacturer of hydrogen fuel cell-powered vehicles, did.
Positive comments from Citigroup couldn't save Plug stock today
Although it's understandable that Plug Power investors are concerned about the momentum that Hyzon Motors is gaining, it's important to recognize that the signing of a memorandum of understanding is hardly a guarantee of the success of a collaboration.
What happened
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
So what
Shares of Plug Power ( NASDAQ:PLUG), which had fallen more than 3% in trading earlier in the day, struggled higher but still closed down 1.9% on Friday. A positive analyst note from Citigroup helped the stock recover some of its losses -- but not all of them.
Now what
It's not immediately clear why Plug stock was under pressure today. There wasn't any obvious bad news depressing the stock -- no negative earnings reports, and no negative notes from Wall Street analysts. Actually, the opposite was true.
