What's happening with Plug Power stock?
· What happened. Shares of Plug Power ( PLUG -0.85%) stock tumbled 3% through 3:15 p.m. ET Thursday after the fuel cell maker announced that it has acquired cryogenic equipment manufacturer Joule ...
Will plug's recent earnings move the company closer to profitability?
· 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 ...
Why are investors turning more bullish on Plug Power?
Why Plug Power Stock Crashed Today. Plug Power (NASDAQ: PLUG) extended its losses from yesterday and crashed again this morning. As of 11:40 …
Why is Morgan Stanley selling plug power stock today?
14 hours ago · Plug Power ( PLUG -0.75%) stock popped this week; and although it was up just about 4.7% in the week through 1 p.m. ET Friday according to data provided by S&P Global Market Intelligence, the ...
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· 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. EDT after a fuel cell competitor announced the deepening of an important partnership. So what
What happened
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.
Is PLUG Stock A Buy As Investors Pump Breaks On Clean-Energy Stocks?
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.
Is a Surprise Coming for Plug Power (PLUG) This Earnings Season?
Hydrogen fuel cell maker Plug Power sees 2022 revenue surging 80% year over year to up to $925 million. Is PLUG stock a buy now?
Plug Power (PLUG) to Report Q4 Earnings: What's in the Cards?
Plug Power (PLUG) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
More details on Morgan Stanley's "downgrade" emerge
Plug Power's (PLUG) Q4 earnings are likely to have gained from the growing popularity of fuel-cell solutions. High costs and operating expenses, supply-chain issues and forex woes might have hurt.
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
Hydrogen fuel cell stock Plug Power ( NASDAQ:PLUG) dropped another 5.6% in early trading on the Nasdaq Stock Market Tuesday, and is still down 3.8% as of 10:30 a.m. EDT.
Now what
According to a copy of Morgan Stanley's note, via TipRanks, in addition to the factors we already mentioned (worries that Plug stock has only "modest stock price upside" at its current valuation), we now know that Morgan Stanley has other concerns about Plug stock as well.