To go with that, it had revenue of $144 million and a net income of -$106.67 million. Its most recent quarter, Q3 2021, shows a net profit margin of -74%. Quarterly EarningsĪs with most companies in emerging industries, Plug Power stock struggles to maintain a consistent profit. However, we must look at the numbers to determine whether Plug Power stock is a smart investment. But Plug Power’s ProGen engines integrate fuel cells to eliminate the need to burn fossil fuels. Long-haul trucks typically rely on diesel fuel. This has implications both in manufacturing and commercial trucking. In other words, it not only reduces emissions but can help eliminate harmful chemicals that are traditionally used in batteries. It replaces all of the elements normally powering a customer’s operation, replacing the lead-acid batteries typically used in the past. Its GenKey solution increases productivity while lowering carbon footprints. It also has 25 years of innovation under its belt. Plug Power says it already has more than 40,000 fuel cell units deployed. But Plug Power uses clean electricity sources such as solar and wind. Instead of using natural gas or coal, the company is producing it with a process called water electrolysis. The company focuses on producing clean hydrogen in order to address the dirty history of hydrogen production. Plug Power (Nasdaq: PLUG) is a company with headquarters in Latham, New York. We’ll take a look at how Plug Power stock is doing and whether it’s really worth investing at this stage. But as with any emerging industry, there is always a caveat, or more. So this would appear to be a good bet for the future. Plug Power is a pioneer in green hydrogen technology. And given the concerns about global emissions, hydrogen can be the solution to cut back on or eliminate emissions in both areas. Likewise, manufacturing plants often rely on the burning of fossil fuels in their processes. This is a problem for commercial vehicles. While electric vehicles are widely considered the next big thing in consumer passenger vehicles, battery packs are very heavy. Plug Power stock is one of the companies working to remove emissions from hydrogen production completely.ĬO2 emissions is an issue both for manufacturing facilities and for vehicles. However, while hydrogen vehicles only emit water vapor, fossil fuels are often burned in the process of producing hydrogen. Hydrogen is seen as a potential solution. And global emissions have been on the rise. the company was founded in 1997 and is headquartered in Latham, New York.Climate change is a persistent theme in many discussions this decade. The company offers its products to the retail distribution and manufacturing business through direct product sales, original equipment manufacturers and dealer networks. It also provides GenKey, a turnkey fuel cell powered migration solution and ProGen, a fuel cell stack and engine technology used in mobile and stationary fuel cell systems, and as engines in electric delivery vans. The company offers GenDrive, a hydrogen-powered PAM fuel cell system that provides electrical power for material handling GenFuel, a hydrogen refueling delivery, generation, storage and distribution system GenCare, an ongoing repair and maintenance program for GenDrive and GenSure Fuel Cells, GenFuel Products, and Progen Engines and GenSure, a stationary fuel solution that provides modular PEM fuel cells to support backup and grid-based power requirements for telecommunications, transportation, and utilities. It focuses on proton exchange membrane (PEM) fuel cells and fuel reprocessing technologies, hybrid fuel cell / battery technologies and associated hydrogen storage and distribution infrastructure. provides turnkey hydrogen fuel cell solutions for the electric mobility and stationary energy markets in North America and Europe. Today 200 Day Moving Average is the resistance level ( 18.46 $).ĥ0 Day Moving Average is the resistance level ( 15.01 $). The minimum target price for Plug Power analysts is $ 23.51. Plug Power stock forecasts are adjusted once a day based on the closing price of the previous trading day. The Plug Power stock prediction results are shown below and presented as a graph, table and text information.
We forecast Plug Power stock performance using neural networks based on historical data on Plug Power stocks.Īlso, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. What are analysts' forecasts for Plug Power stock? Is it worth taking profit / loss on Plug Power stock now or waiting? How much will one Plug Power share be worth in If yes, then on this page you will find useful information about the dynamics of the Plug Power Are you interested in Plug Power stocks and want to buy them, or are they already in your portfolio?
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