MARKET COMPOSITE
PLUG - Plug Power Inc2:32:22 PM 3/28/2024
Price
$3.49
+ 0.06 (1.75%)
Plug Power Inc. provides hydrogen fuel cell turnkey solutions for the electric mobility and stationary power markets in North America and Europe. It focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and related hydrogen storage and dispensing infrastructure. The company offers GenDrive, a hydrogen fueled PEM fuel cell system that provides power to material handling electric vehicles; GenFuel, a hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing maintenance and service program for GenDrive and GenSure fuel cells, GenFuel products, and ProGen engines; and GenSure, a stationary fuel cell solution that provides modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors. It also provides GenKey, a turn-key solution for transitioning to fuel cell power; and ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans. The company offers its products to retail-distribution and manufacturing businesses through direct product sales force, original equipment manufacturers, and dealer networks. Plug Power Inc. was founded in 1997 and is headquartered in Latham, New York.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue222.2MM+12%
Gross Profit-222.3MM+61%
Cost Of Revenue444.4MM+32%
Operating Income-625.9MM-
Operating Expenses403.6MM-
Net Income-642.4MM-
R&D30.3MM+10%
G&A111.8MM+6%
Amortization4.9MM+12%
Interest Expense11.5MM-3%
Stock Chart

Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from 

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    In the most recent trading session, Plug Power (PLUG) closed at $3.59, indicating a +1.99% shift from the previous trading day.

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    On March 13, the U.S. Department of Energy announced $750 million in funding for 52 projects across 24 states to support clean hydrogen in America. That’s excellent news for hydrogen stocks. “The Biden-Harris Administration is propelling an American-led clean hydrogen economy that is delivering good-paying, high-quality jobs and accelerating a manufacturing renaissance in communities across America,” said U.S. Secretary of Energy Jennifer M. Granholm. “The projects announced today—funded by the

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    Is hydrogen the energy source of the future? Plug Power (NASDAQ:PLUG) certainly thinks so. The 27-year-old company provides green hydrogen, fuel cell systems, and other related products for its customers. It has also signed deals with two of the most recognized companies in the world: Amazon (NASDAQ:AMZN) and Walmart (NYSE:WMT). At the same time, Plug has failed to turn a profit since its inception and has generated an accumulated deficit of $4.5 billion. In its third-quarter earnings, the hydro

    The hydrogen and fuel cell company restructured some financing, and the market doesn't like the new terms.

    Selling stock has been Plug's only financial success so far.

    Plug Power stock could have significant upside over the next five years. But the stock price could also easily go to zero.