![]() Amid that backdrop, let’s see if we can appeal to the analysts on Wall. However, the enthusiasm has waned considerably since then. However, in the most recent quarter, the performance in the company’s core business suffered, reporting a Q3 adjusted loss of 30 cents which missed Street estimates by 3 cents. Investors were hyped up about Plug Power in 2020 and early 2021. A few of its large customers are those that have massive warehouses in which transport is required. With a target of more than 1.5 gigawatts output from its planned gigafactory, coupled. For the full year, the loss is expected to widen from 82 cents per share a year ago to $1.05 per share, while full-year revenue of $763.33 million would rise 52% year over year.įounded in 1997, Plug Power manufactures fuel cell products - the type that replace lead-acid batteries in vehicles and industrial trucks. Plug Power aims to raise its annual revenue from 230 million in 2019 to 1.2 billion by 2024. Visit a quote page and your recently viewed tickers will be. This compares to the year-ago quarter loss of 33 cents per share on revenue of $161.91 million. While shares of hydrogen fuel cell maker Plug Power (PLUG-0.95) have surged by 11. Investors are anxious to hear what the company has to say on Wednesday about its growth expectations for both the near term and long term.įor the three months that ended December, Wall Street expects Plug Power to report a per-share loss of 25 cents on revenue of $277.39 million. On the bright side, the backlog - a predictor of higher future revenue - was higher. In Q3, core material handling revenues were down year-over-year, while gross margin barely budged. ![]() ![]() Gupta noted that Plug Power is in strong position to lead the clean hydrogen and fuel-cell market which could be worth as much as $10 trillion. Citing the company’s potential in the green hydrogen industry as it "aims to be a one stop shop and market leader in the space,” Gupta initiated coverage of the stock a Buy rating and 12-month price target of $26.įrom current levels of around $14 per share, Gupta’s target assumes an 85% potential premium. Get the latest Plug Power Inc (PLUG) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. ![]() Although the company has struggled recently with execution, shares could go higher still, according to Manav Gupta, analyst at UBS. B-Stock, Laserworld CS-1000RGB MKIII Full diode RGB laser system with semiconductor diodes and a total output of up to 1000 MW and a minimum power of. Its shares have risen close to 20% year to date, besting the 4% rise in S&P 500 index. However, long-term investors who have waited patiently for power play are feeling energized so far in 2023. ![]()
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