![]() Valued at just under $10 billion and with $2.5 billion in cash and equivalents, the company is well-positioned to make good on its intermediate-term objectives. Plug Power makes for a compelling opportunity for PLUG shareholders as well. With PLUG stock’s Rochester electrolyzer gigafactory expected to come online in 2025 and the equipment key to making green hydrogen production competitively priced for broader commercial use, Plug Power’s recently reiterated sales growth guidance of 80% on revenues of $900 million to $925 million for 2022 stands to balloon to $3 billion in 2025. ![]() PLUG Stock Is Also Making The Right Moves That’s not all that investors have to be upbeat about either. If investors can keep their eye on the ball rather than the Federal Reserve’s eight ball, Plug Power stands to see $500 million in revenues in 2024 from that deal alone. Most recently, PLUG received an order to supply a gigawatt (GW) electrolyzer to hydrogen fuel-cell outfit H2 Energy Europe. Just last month, Plug’s industry leading position was reinforced with a new agreement with longstanding customer Walmart (NYSE: WMT) to supply green hydrogen for as many as 9,500 of the retailers forklifts across its fulfillment and distribution centers. The 7 Best Reddit Stocks to Buy for June 2022.Nevertheless, Plug Power is the real deal and an undisputed leader in hydrogen’s role as a powerful decarbonization solution for business. I’m not bold enough to call PLUG The “Tesla of Hydrogen” as InvestorPlace’s Luke Lango has. The thing is Plug Power is building an increasingly sustainable business for an alternative “green hydrogen” fuel source and economy whose time has finally arrived. And surging natural gas prices, which drive much of today’s hydrogen production, are making those red-line items more of an eyesore.īut those are shorter-term headwinds for PLUG. Tickerįirst, let’s get the ugly stuff out of the way. ![]() Let’s look at the reasons why a more sustainable bull market in PLUG stock is likely to emerge and how to buy into that potential more smartly. But it’s time to see the opportunity and look past the fear. From supply chain snarls to inflation at multi-decade highs and hawkish, behind the eight ball central bankers trying to reign in prices while avoiding a recession, it has been a tough environment.Īnd those challenges have been particularly harder for smaller growth narratives, even market leaders like Plug Power whose shares remain down 41% year-to-date and nearly 80% from their multi-decade peak of $75.49 in late January 2021. It’s no secret Wall Street has been a wreck for most stocks in 2022.
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