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Plug Power Down Over 37%, Issues Going Concern Warning — 4 Analysts Slash Stock Outlooks
Friday, November 10, 2023 - 12:31pm | 538Shares of Plug Power Inc (NASDAQ:PLUG) plummeted over 30% in the pre-market Friday. The Lathan, New York-based company reported disappointing third-quarter results and issued a going concern warning. Plug has been betting on the hydrogen economy. However, "unprecedented supply challenges" in the...
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Plug Power Q3 Earnings Highlights: Revenue Miss, EPS Miss, 'Unprecedented Supply Challenges'
Thursday, November 9, 2023 - 5:24pm | 386Fuel cell company Plug Power Inc (NASDAQ:PLUG) reported third-quarter financial results after the market close Thursday. Here are the key highlights. What Happened: Plug Power reported third-quarter revenue of $198.71 million, which was up 5.3% year-over-year. The revenue total missed a Street...
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Plug Power Q3 Earnings Preview: Betting Big On Green Hydrogen Economy
Thursday, November 9, 2023 - 10:50am | 502Plug Power Inc (NASDAQ:PLUG), will be reporting its third-quarter (Q3) earnings on ABC after market hours. The Street expects the Latham, New York-based company to report a negative 30 cents in EPS and $237.92 million in revenue. Plug Power specializes in hydrogen fuel cell technology and provides...
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Hydrogen's Make-Or-Break Moment: Industry Awaits Key Treasury Decision On Tax Credits
Wednesday, November 1, 2023 - 9:41am | 1247Hydrogen fuel has been a top-of-mind carbon-free alternative for generations, but after decades of development, the industry is still not producing sizable revenues. In order to reach full implementation, hydrogen companies rely on government subsidies, including the largest one in history, issued...
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Is Hydrogen The Green Dream Or Just Overpriced Hot Air? This Hedge Fund Is Betting On A Burst
Monday, September 11, 2023 - 4:48pm | 655The founder and chief investment officer of Argonaut Capital Partners, Barry Norris, is cautioning investors against pursuing hydrogen investments, predicting bleak returns in the near future. What Happened: Norris recently expressed his skepticism about the sustainability of several business...
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US Energy Department Announces First Funding For Underground Hydrogen Energy
Thursday, September 7, 2023 - 5:54pm | 457The U.S. Energy Department is stepping up its fight against climate change by launching its first-ever funding for a revolutionary form of clean energy: underground hydrogen. As reported by Forbes on Thursday, the department has established a $20 million fund aiming to discover more...
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Hydrogen-Electric Vehicles Are Outperforming EVs In Range And Refuel Speed
Thursday, June 15, 2023 - 9:44am | 885The automotive industry is undergoing a transformation, driven by the urgent need for sustainable and eco-friendly transportation solutions. While electric vehicles (EVs) dominate the news, with the latest offerings from Tesla Inc., Hyundai Motor Co. Ltd. and Rivian Automotive Inc., there is an...
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Plug Power Q4 Earnings Recap: Revenue Misses Street Estimate, But Sets Company Records For Quarter, Full Year
Wednesday, March 1, 2023 - 5:28pm | 387Fuel cell company Plug Power (NASDAQ: PLUG) reported fourth-quarter financial results after the market close Wednesday. Here are the key highlights. What Happened: Plug Power reported fourth-quarter revenue of $221 million, which missed a Street estimate of $277.3 million, according to data from...
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Nikola Announces New Hydrogen Energy Brand HYLA: What Investors Need To Know
Wednesday, January 25, 2023 - 7:01pm | 598Hydrogen and electric vehicle company Nikola Corporation (NASDAQ: NKLA) announced the launch of a new brand and provided several company updates after market close. Here are the highlights. What Happened: Nikola announced the launch of a new hydrogen energy brand called “HYLA”...
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Plug Power Q2 Earnings Takeaways: Revenue Miss, Cost Reduction Efforts, Focus On Becoming 'Category King' In Hydrogen Economy
Tuesday, August 9, 2022 - 4:49pm | 422Plug Power Inc (NASDAQ: PLUG) reported its second-quarter financial results after the close Tuesday. Here's a look at the highlights from the quarter. What Happened: Plug Power reported second-quarter revenue of $151.3 million, which was up from $124.5 million year-over-year. Plug...
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Why This Analyst Is Bullish On Plug Power
Wednesday, January 5, 2022 - 4:10pm | 586Plug Power, Inc., a 3Hydrogen fuel-cell energy company, has been making strides with its execution on all fronts. The Plug Power Analyst: KeyBanc Capital Markets analyst Leo Mariani initiated coverage of Plug Power shares with an Overweight rating and $40 price target, suggesting more than...
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Plug Power Up Almost 10% As Option Traders Gorge On Calls
Friday, November 19, 2021 - 4:59pm | 416Plug Power Inc (NASDAQ: PLUG) is up almost 10% the day after Morgan Stanley analyst Stephen Byrd maintained an Overweight rating on the stock and raised his price target from $43 to 65, which is just below the all-time high of around $75 printed in late January 2021. What Happened:...
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Why This Plug Power Analyst Sees 61% Upside Potential
Friday, November 19, 2021 - 12:59pm | 450Plug Power Inc (NASDAQ: PLUG) is a huge beneficiary of the thrust on the hydrogen economy amid the green energy drive, according to an analyst at Morgan Stanley. The Plug Power Analyst: Analyst Stephen Byrd maintained an Overweight rating on Plug Power and increased the price target...
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Why Plug Power Analysts Are Bullish After Hydrogen Green Energy Company's Investor Day
Friday, October 15, 2021 - 4:22pm | 552Plug Power Inc. (NASDAQ: PLUG) announced an acquisition, partnerships, products and updated guidance at its 2021 Plug Symposium. Here's what the Street had to say. The Plug Power Analysts: RBC Capital Markets analyst Joseph Spak maintained an Outperform rating on Plug Power and...
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Why This Plug Power Analyst Is Turning Bullish Ahead Of Investor Day
Wednesday, October 13, 2021 - 1:00pm | 498Plug Power Inc. (NASDAQ: PLUG) received a bullish recommendation from Morgan Stanley ahead of the hydrogen fuel-cell energy company's Thursday investor event, Plug Symposium 2021. The Plug Power Analyst: Stephen Byrd upgraded Plug Power shares from Equal-weight to Overweight and increased the...