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Plug Power (PLUG) Stock Price, News & Analysis

$3.47
-0.26 (-6.97%)
(As of 01:40 PM ET)
Today's Range
$3.45
$3.74
50-Day Range
$2.42
$4.79
52-Week Range
$2.26
$15.08
Volume
21.49 million shs
Average Volume
50.76 million shs
Market Capitalization
$2.10 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$7.63

Plug Power MarketRank™ Stock Analysis

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
113.1% Upside
$7.63 Price Target
Short Interest
Bearish
34.07% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.13
Upright™ Environmental Score
News Sentiment
0.45mentions of Plug Power in the last 14 days
Based on 12 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.

4.28 out of 5 stars

Industrial Products Sector

61st out of 354 stocks

Electrical Industrial Apparatus Industry

3rd out of 20 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

The EV bubble burst: Tesla looks to the future but wait to buy in (PLUG)
Tesla struggled in Q4 as price cuts dug into the top and bottom lines. Demand for EVs is slacking off, and 2024 will be slow for the industry.
Americans Now Favor Gold Over Stocks as an Investment Vehicle
Americans now consider gold a better long-term investment than stocks for the first time since 2013. But physical gold requires storage and insurance, and gold mining stocks come with significant risks. Fortunately, investors have found a little-known way to benefit from gold that avoids many of these challenges.
Plug to Announce 2023 Fourth Quarter and Year-End Results
Plug Power (NASDAQ:PLUG) Shares Gap Down to $4.02
Americans Now Favor Gold Over Stocks as an Investment Vehicle
Americans now consider gold a better long-term investment than stocks for the first time since 2013. But physical gold requires storage and insurance, and gold mining stocks come with significant risks. Fortunately, investors have found a little-known way to benefit from gold that avoids many of these challenges.
Plug Power (NASDAQ:PLUG) Stock Price Down 9.4%
Can Plug Power Stock Double from Here?
See More Headlines
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Company Calendar

Last Earnings
11/09/2023
Today
2/21/2024
Next Earnings (Estimated)
3/06/2024
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
$7.63
High Stock Price Target
$27.00
Low Stock Price Target
$2.50
Potential Upside/Downside
+104.5%
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
$701.44 million
Book Value
$6.97 per share

Miscellaneous

Free Float
595,814,000
Market Cap
$2.26 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 research analysts have issued "buy," "hold," and "sell" ratings for Plug Power in the last twelve months. There are currently 3 sell ratings, 14 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research 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 12-month target prices for Plug Power's stock. Their PLUG share price targets range from $2.50 to $27.00. On average, they expect the company's share price to reach $7.63 in the next year. This suggests a possible upside of 113.1% 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 on January 1st, 2024. Since then, PLUG stock has decreased by 20.4% and is now trading at $3.58.
View the best growth stocks for 2024 here
.

Are investors shorting Plug Power?

Plug Power saw a increase in short interest in January. As of January 31st, there was short interest totaling 183,890,000 shares, an increase of 16.1% from the January 15th total of 158,330,000 shares. Based on an average daily trading volume, of 47,460,000 shares, the short-interest ratio is currently 3.9 days. Approximately 34.1% of the company's stock are sold short.
View Plug Power's Short Interest
.

When is Plug Power's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 6th 2024.
View our PLUG earnings forecast
.

How were Plug Power's earnings last quarter?

Plug Power Inc. (NASDAQ:PLUG) released its quarterly earnings results on Thursday, November, 9th. The electronics maker reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by $0.15. The electronics maker earned $198.71 million during the quarter, compared to the consensus estimate of $219.57 million. Plug Power had a negative net margin of 106.74% and a negative trailing twelve-month return on equity of 24.18%. The business's revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.30) 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 retail and institutional 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 2/21/2024 by MarketBeat.com Staff