Detailed view for this entity.
“Plug Power just raised $400 million and the stock is trading at around two bucks and it's down about 33% in the last month.”
“So on paper, Plug is trying to own everything from the hydrogen production to usage.”
“Plug Power is making a strategic move into the fast growing data center sector.”
“Now, at the same time, Plug Power expects to improve liquidity by more than 275 million by monetizing their assets, releasing restricted cash and lowering maintenance costs.”
“And just a few weeks ago, Plug Power announced an offering of $375 million of convertible senior notes with an annual interest rate of 6.75%.”
“So, Plug Power is growing a little, but it's losing a lot of money for every dollar it brings in.”
“Plug Power reported its third quarter results on November 11th.”
“So, Plug Power isn't just expanding, it's building an entire infrastructure to make hydrogen mainstream.”
“Plug Power is also building hydrogen hubs in Georgia and Louisiana, which can power the entire hydrogen ecosystem using its own technology.”
“despite all of that, Plug, well, they still have profitability problems. Net income still in the red...”
“a consensus among analysts, 23 analysts, rate Plug Power a hold with an average score of 3.09.”
“the high target price has been increased to $7.”
“when it earns more revenue and becomes consistently profitable for at least two or three consecutive quarters, then I think Plug could finally become a comeback stock.”
“Plug Power is also building hydrogen hubs, which can potentially power the entire hydrogen supply chain. These hubs are powered by Plug Power's own technology, including electrolyers.”
“Today it's up 7% since my last coverage to around $253 and has a market cap of around 3 billion.”
“Also, it shouldn't be any surprise that the stock has a 60-month beta of 2.28. It just means the stock is more than twice as volatile as the overall market.”
“Plug Power's recent numbers because they just released their third quarter financials and they reported revenue was $177 million, up just 2% from the same period last year.”
“They can now produce 320 metric tons of liquid hydrogen with high efficiency and uptime there.”
“Also, Plug Power announced plans to monetize additional electricity rights in a move expected to generate over 275 million in liquidity...”
“Despite their widening losses, Plug Power continues to push forward on multiple fronts, expanding those global electrolyer deployments, strengthening its hydrogen production, and increasing its customer adoption across key markets.”