Why Plug Power shares are rising?
· Shares of Plug Power ( PLUG -0.94% ) continued their decline today, falling as much as 2.7% early in trading and falling 1.7% at 12:55 p.m. EDT. For context, shares are still up 12.8% this week ...
Should you buy plug stock?
· Why Plug Power Shares Are Falling Plug Power Inc (NASDAQ: PLUG) shares are trading lower amid a rise in bond yields, which has weighed on growth stock valuations. The company is seen as an EV play,...
Where will plug power be in 5 years?
· Montpellier, France, to be precise. Three days ago -- right about the time that Plug Power stock started falling -- the city of Montpellier dropped a bombshell on the world's fuel cell stocks. As ...
What happened to plug power?
· Shares of fuel cell pioneer Plug Power ( PLUG -8.70%) dropped Wednesday morning after the company conducted a business update webcast and made an accompanying …
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· Buy. Plug Power Inc (NASDAQ: PLUG) shares are trading lower after the company reported worse-than-expected third-quarter EPS and sales results. Plug Power reported …
Why did Plug Power drop so much?
Plug Power Stock Falls. It Lost More Money Than Expected Because of Natural Gas Prices. The fuel-cell company reports a wider-than-expected first-loss and revenue below Wall Street forecasts.
Will Plug Power stock go back up?
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. It suggested the stock could reach $79.4 byMarch 2027. Analysts surveyed by TipRanks backed a positive Plug Power stock price forecast.
Will Plug Power ever make money?
The company also reaffirmed its commitment to achieving revenue of at least $900 million in 2022 and $3 billion by 2025. “(In) 2021 Plug Power grew revenue over 50 percent despite the constraints of supply chain and the impact of the pandemic. In 2022, Plug will almost double revenue,” Marsh said.
What can I expect from Plug Power earnings?
The Disruptors: Plug Power (PLUG) Earnings | Trading 360| TD Ameritrade Network. Plug Power (PLUG) earnings report indicated -$0.33 in EPS and $162M in revenue. Plug Power (PLUG) is a provider of hydrogen fuel cell turnkey solutions. The company delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions.
Does Plug Power have a future?
The plant is expected to open in 2022. On March 30, 2021, Plug Power said it planned to open a green hydrogen production plant in south-central Pennsylvania with Brookfield Renewable Partners. PLUG stock jumped 11% on the news. Construction is slated for the first quarter of 2022.
What do analysts say about plug stock?
Stock Price Forecast The 25 analysts offering 12-month price forecasts for Plug Power Inc have a median target of 35.00, with a high estimate of 78.00 and a low estimate of 19.00. The median estimate represents a +156.60% increase from the last price of 13.64.
Is Plug Power A Good Investment?
Revenue growth is strong. In the last five years, Plug Power's revenue has risen by nearly six times, from $86 million in 2016 to $502 million in 2021.
Is plug a buy or sell?
Plug Power has received a consensus rating of Buy. The company's average rating score is 2.71, and is based on 16 buy ratings, 4 hold ratings, and 1 sell rating.
Will Plug Power ever pay dividends?
PLUG POWER (NASDAQ: PLUG) does not pay a dividend.
Is Plug Power a buy Zacks?
This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return4Sell5.79%5Strong Sell2.83%S&P50011.24%3 more rows
Is Plug Power a good company to work for?
There, they accepted our seventh “Best Places to Work in the Capital Region” award. In 2021, more than 114 companies participated in the award survey process. For the seventh time, Plug Power emerged as a Best Place to Work in the “large company” category.
What is plug power?
Who said the next decline will be bigger and better?
Plug Power is an innovator of modern hydrogen and fuel cell technology. It has revolutionized the material handling industry with its full-service GenKey solution, which is designed to increase productivity, lower operating costs and reduce carbon footprints in a reliable and cost-effective way.
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What happened
Electric vehicle sales are skyrocketing, and companies that produce charging infrastructure are scrambling to meet the soaring demand
NASDAQ: PLUG
This week hasn't been a fun week to own shares of renewable energy company Plug Power ( PLUG -4.67% ) stock, which has declined for three straight sessions now, including today's 4.4% drop (as of 11:30 a.m. ET). But why is Plug stock falling at all?
Now what
Three days ago -- right about the time that Plug Power stock started falling -- the city of Montpellier dropped a bombshell on the world's fuel cell stocks. As Electrek reports, the French city canceled an order (from an unnamed supplier) for 50 new hydrogen fuel-cell buses.
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Now why is this significant to Plug Power? It's not as if Plug was hoping to sell buses to Montpellier, after all. (If it were, you can be certain Plug would have issued a press release to announce it.)
What happened
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So what
Shares of fuel cell pioneer Plug Power ( PLUG -4.67% ) dropped Wednesday morning after the company conducted a business update webcast and made an accompanying Securities and Exchange Commission (SEC) filing that featured new projections for fiscal 2022 revenue -- and 2025 revenue as well.
Now what
In its update, Plug Power predicted that by the end of this year, it will be producing 70 tons per day of "green hydrogen" (that's liquid hydrogen produced from power generated by renewable energy sources ). By 2025, Plug expects to grow that number to 500 tons per day. By 2028, it expects to double production to 1,000 tons per day.
What happened
Those are all big numbers. To put the revenue prediction in context, for example, Plug Power has produced revenue of only $31 million over the last 12 months -- so Plug's $900 million-plus prediction works out to growth by a factor of 30 times over the next 12 months.
So what
Shares of fuel cell company Plug Power (NASDAQ: PLUG) are acting kind of weird today.
Now what
So what's up with that? Well, let's consider what Plug told us in today's press release -- and also what it didn't tell us.
How much has the stock market fallen since July 12?
So far, so good. But here's what Plug didn't tell us: First and foremost, how much it will be paying Apex for the power. This is something investors need to know, so as to be able to figure out whether the input costs to produce the green hydrogen will be low enough that, when sold by Plug, the hydrogen will be profitable.
Is plug power stock sentiment based?
Since the market opened on July 12, the stock has fallen more than 4 percent.
What happened
As an investor, be aware that movements for Plug Power stock might often be sentiment-based rather than rooted in fundamentals. The latest EPS was $0.07 in the red for Plug Power. However, sales growth is on the upswing, which could be where Plug Power shines in the months and years to come.
Now what
This week hasn't been a fun week to own shares of renewable energy company Plug Power (NASDAQ: PLUG) stock, which has declined for three straight sessions now, including today's 4.4% drop (as of 11:30 a.m. ET). But why is Plug stock falling at all?
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Now why is this significant to Plug Power? It's not as if Plug was hoping to sell buses to Montpellier, after all. (If it were, you can be certain Plug would have issued a press release to announce it.)
How much will plug power sell in 2024?
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Where is plug power made?
Going by Plug Power's estimates of $1.7 billion sales in 2024, the price-to-sales ratio falls to a saner level of around 10. For a fast-growing company, that kind of ratio isn't too unusual. So if the company can grow its sales as it is guiding, its valuation can make some sense. It is noteworthy that the price-to-sales-ratio calculation for 2024 sales doesn't take into account potential dilution. In the last year, Plug Power's outstanding shares have increased 82%.
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.
How much will the company generate in 2024?
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.
Who is Plug Power partnering with?
By 2024, the company hopes to generate $750 million from the material handling segment, with the remaining nearly $1 billion coming from stationary base load power generation and fuel cell powered vehicles.
Does plug power charge more?
The company has also entered into partnership with automaker Renault. A planned joint venture with Renault will target a 30% share of the fuel-cell-powered light commercial vehicle market in Europe. That would be huge as 30% of the light vehicle market is expected to be around 500,000 vehicles by 2030. Plug Power has also announced a partnership with ACCONIA, a leading developer of sustainable infrastructure solutions. With an expected investment of over 2 billion euros, the joint venture will aim to capture 20% share of Spain and Portugal's green hydrogen market by 2030.