In comparison, last year the company earned a revenue of $143.92 million and had a GAAP net loss of $106. See the top stocks recommended by analysts >īased on Plug Power’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $188.63 million and a GAAP net loss of $170.76 million. In a report released today, KeyBanc also maintained a Buy rating on the stock with a $25.00 price target. Plug Power has an analyst consensus of Strong Buy, with a price target consensus of $28.67, which is a 101.76% upside from current levels. According to TipRanks, Dayal has an average return of 41.0% and a 42.89% success rate on recommended stocks. The company’s shares closed yesterday at $14.21.ĭayal covers the Industrial Goods sector, focusing on stocks such as Electrovaya, Broadwind Energy, and Ceco Environmental. Wainwright analyst Amit Dayal maintained a Buy rating on Plug Power ( PLUG – Research Report) today and set a price target of $78.00. Hopefully, the company’s scaled-up production capacity will help Plug Power improve its financials.H.C. Plug Power’s gigafactory should keep any competitors in the green hydrogen production business at bay. So, Here’s My PLUG Stock Price Prediction for 2030 Plug Power’s gigafactory is located in Rochester, New York, and it reportedly produced 122 megawatts of “electrolyzer stacks for customers and Plug’s green hydrogen plants.” Moreover, prepare for a major scale-up as Plug Power is “on track” to ramp the gigafactory’s capacity up to 100 megawatts per month in the middle of the current quarter, “with plans to further increase output” during the third quarter of this year. Positive dynamics for Plug Power shares will prevail with possible volatility of 3.758. This gigafactory features over 2 gigawatts of electrolyzers, 60,000 fuel cell stacks and 2.5 gigawatts of output capacity. Forecast target price for 06-25-2023: 11.43. Plug Power Earnings Date and Forecast 2023 (NASDAQ:PLUG) Most-Downgraded Stocks NASDAQ:PLUG Plug Power (PLUG) Earnings Date, Estimates & Call Transcripts 10.57 -0.25 (-2.31) (As of ET) Compare Today's Range 10.28 11.05 50-Day Range 7.48 10.91 52-Week Range 7.39 31.56 Volume 30.50 million shs Average Volume 28. I’m referring to Plug Power’s gigafactory, where on-site green hydrogen production takes place on a massive scale. 9 Hours 4 Minutes 42 Seconds Sign Up Now Home / Expert Stock Picks / Hot Stocks / My Plug Power (PLUG) Stock Price Prediction for 2030 PLUG stock is a risky but reasonable bet on the. Now, it’s time to ask yourself a tough question: Are you willing to overlook Plug Power’s current financial issues? If so, then I invite you to consider the piece of the puzzle that will drive Plug Power’s growth through 2030. Gigafactory Is the Key to Plug Power’s Future Growth In addition, Plug Power reported a widening net earnings loss during that time frame. It’s also problematic that Plug Power’s cash and cash equivalents dwindled from $2.48 billion at the end of 2021 to $690.63 million at the end of 2022. On the other hand, Plug Power has a track record of quarterly EPS misses. Plus, the average price target for PLUG stock is $25.50, which indicates strong upside potential. provides alternative energy technology, which focuses on the design, development, commercialization, and manufacture of hydrogen and fuel. Out of 21 analysts, 16 gave Plug Power a “buy” rating and no “sell” ratings were observed. Indeed, Plug Power’s well-heeled investors include famous names like Vanguard and BlackRock (NYSE: BLK).įurthermore, Wall Street’s experts generally favor Plug Power. Still, the current Plug Power share price of around $10 seems too cheap, so there’s an opportunity here.Įven though many financial traders gave up on Plug Power, Samuel O’Brient reported that some big-money investors are staying in the trade. I’ll be the first to admit that $60 was too high, too soon. PLUG stock peaked at around $30 last year and, prior to that, traded above $60 per share. By Neha Chamaria at 7:03AM Key Points Plug Powers losses are growing. PLUG Stock Investors Will Have to Forgive Poor Financials 10.57 -0.25 (-2.31) At close: 04:00PM EDT 10.55 -0.02 (-0.19) After hours: 07:59PM EDT Stock chart is not supported by your current browser Gain actionable insight from technical analysis on. Free Article Plug Power Stock Plunges After Earnings. Instead, consider how much shareholder value the company could provide through 2030. Therefore, don’t over-focus on Plug Power’s progress in 2023. Really, Plug Power’s loyal shareholders are willing to accept imperfections today, in anticipation of potential returns down the road. As we’ll discover, the company doesn’t check all of the boxes for folks who insist on picture-perfect financials. To be honest, it requires faith and vision to confidently invest in Plug Power.
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