What Is Plug Power's Future? Analysts Warn Of Cash Crunch And Slow Hydrogen Market Growth [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
On Wednesday, Plug provided its financial outlook for 2025, projecting revenue between $850 million and $950 million (street view: $1.185 billion). Looking further ahead, the company aims for a target revenue of approximately $3.75 billion by 2030 Also this week, Plug Power reported third-quarter revenue of $173.73 million, which missed the consensus of $210.23 million and EPS loss of 25 cents, missed estimate for a loss of 24 cents The company expects its full-year 2024 revenue outlook of $700 million and $800 million versus estimates of $823.46 million. Piper Sandler analyst Kashy Harrison cut the price target to $1.40 from $1.60 while maintaining an Underweight rating. The analyst writes that Plug's results missed expectations but weren't as weak as anticipated. While cash burn improved year-over-year, it remains high, requiring continued capital raises despite potential DOE loan support for Texas CapEx (annualized OCF: -$700 million). The rationale for U.S. grid-tied
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PLUG
News
- Plug Power Inc. (NASDAQ: PLUG) had its price target lowered by analysts at Craig Hallum from $4.00 to $3.00. They now have a "buy" rating on the stock.MarketBeat
- Plug Power Inc. (NASDAQ: PLUG) had its price target lowered by analysts at Piper Sandler from $1.60 to $1.40. They now have an "underweight" rating on the stock.MarketBeat
- Plug Power Inc. (NASDAQ: PLUG) had its price target lowered by analysts at Wells Fargo & Company from $3.00 to $2.00. They now have an "equal weight" rating on the stock.MarketBeat
- From a Cold Start to a US$180 Billion Market by 2035 - Green Hydrogen is Set to Displace, Outpace, and Outgrow Polluting Alternatives [Yahoo! Finance]Yahoo! Finance
- Plug Power Inc. (NASDAQ: PLUG) was downgraded by analysts at BTIG Research from a "buy" rating to a "neutral" rating.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