Plug Power Inc. (PLUG)

NASDAQ: PLUG · Real-Time Price · USD
1.990
+0.120 (6.42%)
At close: Nov 18, 2024, 4:00 PM
1.969
-0.021 (-1.06%)
Pre-market: Nov 19, 2024, 7:38 AM EST
6.42%
Market Cap 1.81B
Revenue (ttm) 659.51M
Net Income (ttm) -1.41B
Shares Out 911.20M
EPS (ttm) -1.99
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 62,296,711
Open 1.870
Previous Close 1.870
Day's Range 1.820 - 2.050
52-Week Range 1.600 - 5.140
Beta 1.81
Analysts Hold
Price Target 3.82 (+91.96%)
Earnings Date Nov 12, 2024

About PLUG

Plug Power Inc. develops hydrogen and fuel cell product solutions in North America, Europe, Asia, and internationally. The company offers GenDrive, a hydrogen-fueled proton exchange membrane (PEM) fuel cell system that provides power to material handling electric vehicles; GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors; ProGen, a fuel cell stack and engine technology used in mobility and stat... [Read more]

Sector Industrials
IPO Date Oct 29, 1999
Employees 3,868
Stock Exchange NASDAQ
Ticker Symbol PLUG
Full Company Profile

Financial Performance

In 2023, Plug Power's revenue was $891.34 million, an increase of 27.07% compared to the previous year's $701.44 million. Losses were -$1.37 billion, 89.1% more than in 2022.

Financial Statements

Analyst Forecast

According to 21 analysts, the average rating for PLUG stock is "Hold." The 12-month stock price forecast is $3.82, which is an increase of 91.96% from the latest price.

Price Target
$3.82
(91.96% upside)
Analyst Consensus: Hold
Stock Forecasts

News

What Is Plug Power's Future? Analysts Warn Of Cash Crunch And Slow Hydrogen Market Growth

Analysts revised the price target or estimates on Plug Power, Inc. PLUG after the company reported weak third-quarter results and provided FY25 guidance.

4 days ago - Benzinga

Plug Power: Management Continues To Overpromise And Underdeliver

On Tuesday, Plug Power Inc. reported disappointing Q3 2024 results with revenues missing analyst expectations by a mile. With overall backlog at multi-year lows, management lowered full-year expectati...

5 days ago - Seeking Alpha

Plug Power Hosts 2024 Plug Symposium

With the theme “Plug Doing Real Things,” the event highlights how Plug is laying the groundwork for the next five years

6 days ago - GlobeNewsWire

Plug Power Inc. (PLUG) Q3 2024 Earnings Call Transcript

Plug Power Inc. (NASDAQ:PLUG) Q3 2024 Earnings Call Transcript November 12, 2024 8:30 AM ET Company Participants Meryl Fritz - Marketing and Communications Manager Andy Marsh - CEO Paul Middleton - C...

6 days ago - Seeking Alpha

Why is Plug Power stock down today?

Plug Power Inc. (NASDAQ: PLUG) is trading lower on Tuesday following the release of its third-quarter financial results, which missed Wall Street's expectations. The hydrogen fuel cell systems maker r...

6 days ago - Invezz

Plug Power Stock Keeps Falling on Wider Losses and a Trump Win

Hydrogen-technology company Plug Power turned in a wider-than-expected third-quarter loss, and a new administration may mean a less-green energy environment.

6 days ago - Barrons

Plug Power disappoints with its forecast but says it's still making progress

The clean-energy company pointed to improvement in operating cash flow and a narrowing loss, though it also cut its revenue outlook for the full year.

6 days ago - Market Watch

Plug Power Announces Key Strategic Milestones and Continued Margin Improvement in Third Quarter 2024

SLINGERLANDS, N.Y., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, today announced further progre...

7 days ago - GlobeNewsWire

Plug Power Q3 Earnings Preview: What's The Outlook Following Donald Trump's Win?

Plug Power stock slumped after Trump's election win, signaling a tougher environment for green economy stocks due to potential policy changes. Analysts predict modest Q3 revenue growth for Plug Power,...

10 days ago - Seeking Alpha

Solar Stocks Tumble With Trump Set To Retake White House

Several solar stocks including First Solar (FSLR) and Enphase Energy (ENPH) slumped in early trading Wednesday after the presidential election was called in favor of former President Donald Trump.

Other symbols: ENPHFSLRRUNSEDG
12 days ago - Investopedia

Plug Power's $20 Billion Revenue Ambition Faces Obstacles, Analyst Says

Plug Power Inc PLUG has big dreams for a green hydrogen-powered future, but it might hit some potholes before reaching that destination.

13 days ago - Benzinga

Plug Power: Potential Asymmetric Upside

Steep revenue drop in H1 2024 and high cash burn from operations fuel the current pessimism around this stock. The stock trades near historic lows with a high short interest of 27.8%. New partnerships...

14 days ago - Seeking Alpha

Plug Power stock could surge 74%, but Nov. 8 will be crucial

Plug Power (PLUG) stock price went parabolic on Monday, soaring by over 20% and reaching its highest level since July 18. It has now soared by over 55% from its lowest level this year as traders conti...

14 days ago - Invezz

Trump Vs. Harris: EVgo, Cleveland-Cliffs, Plug Power, Nucor Brace For 2024 Election Impact

As Election Week 2024 is upon us, Wall Street is geared up for sector-specific shakeups, with JPMorgan's Bill Peterson spotlighting a decisive split in potential stock moves.

Other symbols: CLFEVGONUE
14 days ago - Benzinga

Plug to Announce 2024 Third Quarter Results

SLINGERLANDS N.Y., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, will announce its 2024 third qu...

14 days ago - GlobeNewsWire

Plug Power Stock Rises as Big Investor Doubles Down

The central bank of Norway, Norges Bank, now owns more Plug Power stock, according to recent regulatory filings.

5 weeks ago - Barrons

Why Plug Power (PLUG) Stock is Moving Today

Renewable energy stocks experienced fluctuations in September, with mixed movements across various companies in the sector. Plug Power (PLUG, Financial) saw a modest increase of 1.7% recently, driven ...

5 weeks ago - GuruFocus

Plug and Allied Green Execute Binding Framework Agreement for 3 GW Electrolyzer Capacity

This follows recent completion of MOU and BEDP contracts Both parties are collaborating to finalize purchase agreement in coming months

6 weeks ago - GlobeNewsWire

Plug Power Is A Strong Buy As The Number Of Hydrogen-Powered Vehicles Looks Poised To Surge

Recent news suggests that the number of hydrogen vehicles will grow significantly, boosting Plug Power's electrolyzer and hydrogen fuel businesses in the long term. Accelerating e-commerce growth posi...

6 weeks ago - Seeking Alpha

Plug Power Inc. (PLUG) Presents at Wolfe Research Utilities, Midstream & Clean Energy Conference Transcript

Plug Power Inc. (NASDAQ:PLUG) Wolfe Research Utilities, Midstream & Clean Energy Conference October 1, 2024 8:50 AM ET Company Participants Julian Nebreda - CEO of Fluence John Berger - CEO of Sunnov...

6 weeks ago - Seeking Alpha

Plug Power Collaborates with Carreras Grupo Logístico for Implementation of a Complete Green Hydrogen Ecosystem

Initiative to Establish First Hydrogen-Powered Logistics Site in Spain Initiative to Establish First Hydrogen-Powered Logistics Site in Spain

7 weeks ago - GlobeNewsWire

Plug to Participate in the Wolfe Research Utilities, Midstream & Clean Energy Conference 2024

SLINGERLANDS, N.Y., Sept. 26, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, announced that it will be fea...

7 weeks ago - GlobeNewsWire

Plug Power unveils leasing platform: innovation or desperation?

Plug Power intends to solve its liquidity issues by leveraging its healthy asset base. How long will it help the company stay relevant?

2 months ago - Invezz

Plug Power Stock Is Jumping on an Idea to Boost Sales

Hydrogen-technology company Plug Power established an equipment-leasing platform with an initial lease volume targeted at $150 million.

2 months ago - Barrons

Plug Power Launches an Equipment Lease Financing Platform - Plug is Targeting >$150 million from a Combination of Debt Leverage & Customer Financing Solutions

Concurrently, Plug Signed Definitive Agreements for an Initial ~$44 Million in Direct Equipment Lease Financing Transactions with GTL Leasing, a Portfolio Company of Antin Infrastructure Partners Conc...

2 months ago - GlobeNewsWire