Should You Buy Plug Power Stock While It's Below $4? [Yahoo! Finance]
Plug Power, Inc. (PLUG)
Last plug power, inc. earnings: 3/5 07:00 am
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US:NASDAQ Investor Relations:
ir.plugpower.com/home/default.aspx
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Source: Yahoo! Finance
The hydrogen fuel cell maker was once considered a promising green energy play, but it ran out of juice as its growth cooled off and it racked up steep losses. The dot-com crash and some accounting problems from 2018 to 2020 exacerbated its decline. But with its stock trading at about $2, Plug Power's enterprise value of $2.6 billion values the company at just two times next year's estimated sales. Analysts also still have an average price target of $4 on the stock. So should you buy this unloved stock and expect it to more than double over the next few years? Why did Plug Power's stock collapse? When Plug Power went public, it initially planned to develop hydrogen-powered residential systems. But that idea never took off for two reasons: It cost more to produce hydrogen than oil or natural gas, and it was more cost-efficient to expand existing electrical grids than to build new hydrogen-powered infrastructure. Plug Power eventually abandoned that ambitious plan and pivoted to
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PLUG
News
- Plug Power Inc. (NASDAQ: PLUG) had its price target lowered by analysts at Evercore ISI from $5.00 to $4.00. They now have an "outperform" rating on the stock.MarketBeat
- Plug Power Q3 Loss Wider Than Expected, Revenues Miss Estimates [Yahoo! Finance]Yahoo! Finance
- Plug Power Inc. (NASDAQ: PLUG) had its price target lowered by analysts at Canaccord Genuity Group Inc. from $2.50 to $2.25. They now have a "hold" rating on the stock.MarketBeat
- Plug Power offers softer-than-expected 2025 sales guidance, appoints new president [Yahoo! Finance]Yahoo! Finance
- Plug Power Inc. (NASDAQ: PLUG) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $18.00 price target on the stock.MarketBeat
PLUG
Earnings
- 11/12/24 - Miss
PLUG
Sec Filings
- 11/13/24 - Form 8-K
- 11/12/24 - Form 8-K
- 11/12/24 - Form 424B7
- PLUG's page on the SEC website