The headline numbers for Plug Power (PLUG) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
2025 has not been kind to investors in hydrogen fuel cell company Plug Power (Nasdaq: PLUG).
Plug Power Inc PLUG will be reporting its fourth-quarter earnings on Tuesday. Wall Street expects a loss of 23 cents a share and $263.17 million in revenues as the company reports before market hours.
PLUG's Q4 results are likely to reflect improving demand for electrolyzers. Higher operating costs and expenses are likely to have affected its margins.
Plug Power (PLUG -1.23%), a developer of hydrogen charging technologies, has shed about 99% of its value since its initial public offering (IPO) in 1999. It initially planned to design and build hydrogen-powered residential systems, but that plan fizzled out and it pivoted toward selling hydrogen fuel cells and charging systems for warehouse forklifts.
Beyond analysts' top -and-bottom-line estimates for Plug Power (PLUG), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
In the most recent trading session, Plug Power (PLUG) closed at $1.57, indicating a -1.26% shift from the previous trading day.
In the closing of the recent trading day, Plug Power (PLUG) stood at $1.75, denoting a -1.13% change from the preceding trading day.
January 2021, Plug Power peaked at $75.49. It now trades at $1.77.
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Plug Power has scaled revenues by 300% since 2019 and is poised to deliver its first positive net earnings, making it a strong buy. As a leader in PEM electrolyzers, PLUG is set to benefit from a rapidly growing market, projected to grow 30% annually. Despite current challenges, PLUG's balance sheet is strong with a quick ratio of 2.07, and it has secured significant funding for future growth.
Plug Power (PLUG -3.40%) stock's disastrous performance from 2024 is continuing into 2025. After plunging by 53% last year, shares of the hydrogen fuel cell maker slumped by another 12.7% in January, according to data provided by S&P Global Market Intelligence.