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Plug Power (PLUG) Stock Price, News & Analysis

$3.89
+0.36 (+10.20%)
(As of 03/1/2024 ET)
Today's Range
$3.16
$3.89
50-Day Range
$2.42
$4.78
52-Week Range
$2.26
$14.28
Volume
77.64 million shs
Average Volume
51.46 million shs
Market Capitalization
$2.36 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$7.68

Plug Power MarketRank™ Stock Analysis

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
97.4% Upside
$7.68 Price Target
Short Interest
Healthy
31.33% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.13
Upright™ Environmental Score
News Sentiment
0.29mentions of Plug Power in the last 14 days
Based on 34 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($1.79) to ($0.96) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.61 out of 5 stars

Industrial Products Sector

15th out of 172 stocks

Electrical Industrial Apparatus Industry

1st out of 10 stocks


PLUG stock logo

About Plug Power Stock (NASDAQ:PLUG)

Plug Power Inc. is a green energy play focused on Hydrogen and hydrogen fuel cells and it is the leader in the push toward a green hydrogen economy. Among the many advantages of hydrogen fuel cells are the unlimited supply of hydrogen and the ability to harvest it from renewable, green energy sources. Additionally, power-sensitive industries like Health Care, Data Centers, and Communications services can ensure their own operations by utilizing hydrogen fuel cells as a primary or back-up system.

Plug Power Inc develops, designs, manufactures, markets, installs, and services a line of end-to-end hydrogen and zero-emission fuel cell solutions. These solutions are tailored for supply chain and logistics applications, on-road electric vehicles, and stationary power generation for businesses and industries in North America and internationally.

Green Hydrogen is hydrogen split from a base molecule using electricity generated by sustainable sources such as fuel cells, solar, or wind. One of the most visible uses of hydrogen fuel cells is in warehouse settings where it is used to run loaders and forklifts. The technology not only saves on costs but reduces emissions within an enclosed warehouse or retail space. A few of the companies capitalizing on the technology are Walmart, Amazon, FedEx, and The Home Depot. The company was founded in 1997, went public in 1999, and is headquartered in Latham, New York.

Plug Power’s goal is to build an end-to-end green hydrogen ecosystem that includes green hydrogen production, storage and delivery, and energy generation through a network of grid-connected power stations and refueling points. A key milestone in the company’s history was hit in 2014 when Plug Power, Inc deployed the GenKey solutions for the first time. The GenKey system is a suite of turnkey services that streamlines the upgrade to hydrogen fuel cells. Essentially, Plug Power installs and hen services fully-operational fuel cell systems. These solutions include IoT connectivity for maintenance and servicing that ensures best-in-class uptime for all fuel cell solutions.

Among the company’s many products are proton exchange membrane (PEM) for fuel cells, individual fuel cells and hydrogen fuel processing technologies, and hybrid EV/Hydrogen technologies as well as equipment for hydrogen and green hydrogen generation, storage, and dispensing infrastructure.

Plug Power, Inc. has strategic agreements with Airbus, Lhyfe, Edison Motors, Phillips 66, Apex Clean Energy, BAE Systems, and Universal Hydrogen Co. The partnership with Airbus is exploring the use of hydrogen in airplanes and airports, the partnership with Lhyfe is expanding hydrogen use in the EU logistics market, the partnership with Edison Motors is focused on a hydrogen-only city bus solution, and the deal with Phillips 66 aims at expanding and scaling Plug Power’s hydrogen production capabilities as needed.

 

PLUG Stock Price History

PLUG Stock News Headlines

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Billionaires who've made their fortunes in tech, are quietly investing in essential yet rare elements known as "The Seeds of Technology". Learn more about this massive rare earth treasure hunt and the very elements making emerging technologies possible.
Plug Power earnings preview: what Wall Street is expecting
A Closer Look at 14 Analyst Recommendations For Plug Power
Plug Power's Challenges Remain Despite Strength In Fuel Margins: Analyst
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Plug Power (NASDAQ:PLUG) Shares Gap Up to $3.13
See More Headlines
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Company Calendar

Today
3/01/2024
Last Earnings
3/01/2024
Next Earnings (Confirmed)
3/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Electrical industrial apparatus
Sub-Industry
N/A
Current Symbol
NASDAQ:PLUG
Employees
3,353
Year Founded
1997

Price Target and Rating

Average Stock Price Target
$7.68
High Stock Price Target
$27.00
Low Stock Price Target
$2.50
Potential Upside/Downside
+97.4%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
24 Analysts

Profitability

Net Income
$-724,010,000.00
Net Margins
-106.74%
Pretax Margin
-107.60%

Debt

Sales & Book Value

Annual Sales
$889.92 million
Book Value
$6.97 per share

Miscellaneous

Free Float
595,814,000
Market Cap
$2.36 billion
Optionable
Optionable
Beta
1.67

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PLUG Stock Analysis - Frequently Asked Questions

Should I buy or sell Plug Power stock right now?

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Plug Power in the last year. There are currently 3 sell ratings, 14 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" PLUG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PLUG, but not buy additional shares or sell existing shares.
View PLUG analyst ratings
or view top-rated stocks.

What is Plug Power's stock price target for 2024?

24 equities research analysts have issued 1-year price targets for Plug Power's stock. Their PLUG share price targets range from $2.50 to $27.00. On average, they anticipate the company's stock price to reach $7.68 in the next twelve months. This suggests a possible upside of 97.4% from the stock's current price.
View analysts price targets for PLUG
or view top-rated stocks among Wall Street analysts.

How have PLUG shares performed in 2024?

Plug Power's stock was trading at $4.50 at the beginning of 2024. Since then, PLUG stock has decreased by 13.6% and is now trading at $3.89.
View the best growth stocks for 2024 here
.

When is Plug Power's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, March 1st 2024.
View our PLUG earnings forecast
.

How were Plug Power's earnings last quarter?

Plug Power Inc. (NASDAQ:PLUG) released its quarterly earnings data on Friday, March, 1st. The electronics maker reported ($1.08) EPS for the quarter, missing analysts' consensus estimates of ($0.57) by $0.51. The electronics maker earned $222.20 million during the quarter, compared to analysts' expectations of $234.21 million. Plug Power had a negative net margin of 106.74% and a negative trailing twelve-month return on equity of 24.18%. The company's revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.38) EPS.

What guidance has Plug Power issued on next quarter's earnings?

Plug Power updated its fourth quarter 2023 earnings guidance on Friday, January, 26th. The company provided EPS guidance of for the period. The company issued revenue guidance of $200.0 million-, compared to the consensus revenue estimate of $252.1 million.

What is Andy Marsh's approval rating as Plug Power's CEO?

27 employees have rated Plug Power Chief Executive Officer Andy Marsh on Glassdoor.com. Andy Marsh has an approval rating of 52% among the company's employees. This puts Andy Marsh in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Plug Power own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Plug Power investors own include FuelCell Energy (FCEL), Advanced Micro Devices (AMD), Tesla (TSLA), NIO (NIO), NVIDIA (NVDA), Ballard Power Systems (BLDP), Micron Technology (MU), Block (SQ) and Nokia Oyj (NOK).

Who are Plug Power's major shareholders?

Plug Power's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.92%), Norges Bank (3.59%), BNP Paribas Asset Management Holding S.A. (1.23%), Citadel Advisors LLC (0.00%), HAP Trading LLC (0.00%) and Balyasny Asset Management L.P. (0.00%). Insiders that own company stock include Jose Luis Crespo and Sanjay K Shrestha.
View institutional ownership trends
.

How do I buy shares of Plug Power?

Shares of PLUG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:PLUG) was last updated on 3/1/2024 by MarketBeat.com Staff