Plug Power Inc. (PLUG)
Should You Buy Plug Power While It's Below $3?
The green energy company is down 97% from its peak price a few years ago. Here's what you should know before buying it today.
What Is Plug Power's Future? Analysts Warn Of Cash Crunch And Slow Hydrogen Market Growth
Analysts revised the price target or estimates on Plug Power, Inc. PLUG after the company reported weak third-quarter results and provided FY25 guidance.
Plug Power downgraded to Neutral from Buy at BTIG
BTIG analyst Gregory Lewis downgraded Plug Power to Neutral from Buy. The company continues to take the necessary steps to extend its liquidity runway as it waits for hydrogen order momentum to accelerate, but while global hydrogen demand continues to grow, the slope of that growth continues to be lower than expected, the analyst tells investors in a research note. The firm adds that Plug Power's product offering is well positioned for the global hydrogen buildout and its downgrade is a function of demand and more product sales that are needed to improve margins being pushed out.
Plug Power: Management Continues To Overpromise And Underdeliver
On Tuesday, Plug Power Inc. reported disappointing Q3 2024 results with revenues missing analyst expectations by a mile. With overall backlog at multi-year lows, management lowered full-year expectations substantially and provided initial 2025 guidance well below consensus expectations. Persistent cash usage remains a cause for concern. While Tuesday's convertible debt deal should carry the company into Q1/2025, investors will likely have to prepare for additional dilution next year.
Plug Power Q3 Loss Wider Than Expected, Revenues Miss Estimates
PLUG posts third-quarter 2024 results, wherein its revenues decline 12.6% year over year on lower sales of equipment, related infrastructure and other.
What's Really Going On With Plug Power's Disaster Quarter
Losses continue to mount and Plug Power's options are dwindling.
Plug Power (PLUG) Reports Q3 Earnings: What Key Metrics Have to Say
The headline numbers for Plug Power (PLUG) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Plug Power Inc. (PLUG) Q3 2024 Earnings Call Transcript
Plug Power Inc. (NASDAQ:PLUG ) Q3 2024 Earnings Call Transcript November 12, 2024 8:30 AM ET Company Participants Meryl Fritz - Marketing and Communications Manager Andy Marsh - CEO Paul Middleton - CFO Sanjay Shrestha - GM, Energy Solutions & CSO Conference Call Participants Colin Rusch - Oppenheimer Saumya Jain - UBS George Gianarikas - Canaccord Genuity Eric Stine - Craig-Hallum Bill Peterson - JPMorgan Craig Irwin - Roth Capital Partners Dushyant Ailani - Jefferies Chris Senyek - Wolfe Research Amit Dayal - H.C. Wainwright Tim Moore - Clear Street Andrew Percoco - Morgan Stanley Kashy Harrison - Piper Sandler Ameet Thakkar - BMO Capital Markets Operator Greetings, and welcome to the Plug Power Third Quarter 2024 Earnings Conference Call and Webcast.
Plug Power (PLUG) Reports Q3 Loss, Misses Revenue Estimates
Plug Power (PLUG) came out with a quarterly loss of $0.25 per share versus the Zacks Consensus Estimate of a loss of $0.24. This compares to loss of $0.47 per share a year ago.
Plug Power Stock Keeps Falling on Wider Losses and a Trump Win
Hydrogen-technology company Plug Power turned in a wider-than-expected third-quarter loss, and a new administration may mean a less-green energy environment.
Plug Power disappoints with its forecast but says it's still making progress
The clean-energy company pointed to improvement in operating cash flow and a narrowing loss, though it also cut its revenue outlook for the full year.
