Shares of Plug Power (PLUG 7.88%) rallied after the company announced a new restructuring plan in conjunction with its fourth-quarter earnings report released on Monday, March 3. Nonetheless, the stock has still struggled, down about 16% year to date and more than 55% over the past year as of this writing.
Plug Power (PLUG 3.94%) confirmed last month that its new hydrogen plant in Louisiana was on track to start operations in the first quarter. The hydrogen stock still fell another 13.4% in February after dropping by a similar percentage in the previous month, according to data provided by S&P Global Market Intelligence.
Plug Power (PLUG) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Plug Power Inc. (NASDAQ:PLUG ) Q4 2024 Earnings Conference Call March 4, 2025 8:30 AM ET Company Participants Meryl Fritz - Marketing and Communications Manager Andy Marsh - CEO Sanjay Shrestha - GM, Energy Solutions & CSO Paul Middleton - CFO Conference Call Participants Colin Rusch - Oppenheimer Craig Irwin - Roth Capital Partners Saumya Jain - UBS Bill Peterson - JPMorgan Eric Stine - Craig-Hallum George Gianarikas - Canaccord Genuity Sherif Elmaghrabi - BTIG Chris Tsung - Wolfe Research Tim Moore - Clear Street Samantha Hoh - HSBC Amit Dayal - H.C. Wainwright Ameet Thakkar - BMO Capital Markets Kashy Harrison - Piper Sandler Andrew Percoco - Morgan Stanley Operator Greetings, and welcome to the Plug Power Fourth Quarter 2024 Earnings Call.
Plug Power (PLUG) shares pulled back from six-year lows Tuesday but said it needs to take further restructuring steps to boost its financial condition, including more layoffs.
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.