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
- Electrolyzers Market worth $78.01 billion by 2030 | MarketsandMarkets™ [Yahoo! Finance]Yahoo! Finance
- Plug Power: Trending Positive, But The Momentum Is Tenuous [Seeking Alpha]Seeking Alpha
- Three Reasons Why PLUG is Risky and One Stock to Buy Instead [Yahoo! Finance]Yahoo! Finance
- retail investors who own 46% along with institutions invested in Plug Power Inc. (NASDAQ:PLUG) saw increase in their holdings value last week [Yahoo! Finance]Yahoo! Finance
- Why Europe's Hydrogen Economy Dreams Remain Just That [Yahoo! Finance]Yahoo! Finance
PLUG
Earnings
- 11/12/24 - Miss
PLUG
Sec Filings
- 11/26/24 - Form 8-K
- 11/25/24 - Form 4
- 11/25/24 - Form 8-K
- PLUG's page on the SEC website