Plug Power stock has slid 42.6% over the past 12 months. UBS analysts in December said that hydrogen could be “a $10 trillion market by 2030, and PLUG aims to be a one-stop shop and market leader in the entire space,” according to Barron’s. Most analysts tracked by FactSet have a buy rating on the stock. Though that’ll happen in the first quarter.” “But the customers’ construction, in many cases, did not get completed. In this three-month forecast from Oct 18th, Plug Power had a bearish signal with a signal strength of -26.

I Know First has had success predicting the movement of Plug Power’s stock price in the past. “We have sites where the hydrogen infrastructure has already been built and ready to go, fuel cells ready to ship,” Chief Executive Andrew Marsh said during a conference call with analysts in January. This suggests that Plug Power’s shares have bottomed, and the upside will be likely propelled by a good earnings report and a good guidance. But they expect improvements in the first quarter. But in January, executives said the fourth quarter was “a tougher quarter than expected,” and that the company’s growth ran into production snags for new products supply-chain hiccups. On a more positive note, that's an improvement from the same period in 2022, when it reported a higher net loss (329.8 million) than its net revenue (292.1. Over the past two years, Plug Power has opened or begun building hydrogen plants and other facilities in multiple states. The company produces green hydrogen via renewable electricity and water. Plug Power has been trying to capitalize on a shift toward decarbonization, offering services that produce, transport, store and dispense green hydrogen - via dozens of refueling stations across the U.S. The company reported the results as it races to ramp up hydrogen facilities to meet expected demand. Shares declined about 2% in after-hours trading following the release of the results. Analysts polled by FactSet expected a per-share loss of 25 cents, on sales of $281.2 million. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines.Reported fourth-quarter revenue of $220.7 million, a 36% jump from $162 million in the fourth quarter of 2021. On the date of publication, Dana Blankenhorn did not hold (either directly or indirectly) any positions in the securities mentioned in this article. It is still some distance away from there. Things have changed a bit since then, as the company has now added a range to its outlook. PLUG stock remains a speculation until the company can demonstrate profits, not just growth. Last quarter, Plug Power projected revenue of 1.4 billion and a gross margin of. Shares traded as high as $44 each in late November 2021, and some of its deals remain no more than memorandums of understanding.

Some analysts remain skeptical of Plug Power’s claims. The company’s Investor Day will feature a peak into one of those potential profit centers, a “gigafactory” near Rochester, New York, that opened in April. The company insists its pipeline of upcoming projects will lead to profitability. What is PLUG's forecast return on assets (ROA) for 2023-2026 (NASDAQ: PLUG) forecast ROA is N/A, which is lower than the forecast US Electrical Equipment & Parts industry average of 0.12. Plug Power had revenue of $210 million for the quarter ending in March, up 49% from a year earlier. The average Plug Power stock price prediction forecasts a potential upside of 162.55 from the current PLUG share price of 3.53.

Plug Power makes hydrogen its only business. Most producers are units of larger conglomerates like Siemens (OTCMKTS: SIEGY), Toshiba (OTCMKTS: TOSYY), and Cummins (NYSE: CMI). Plug Power stock rose recently after it sold a hydrogen-fueled backup power system to Energy Vault (NASDAQ: NRGV) that will replace diesel generators in Calistoga, California.Īnalysts now expect the green hydrogen market to explode over the next few years, from $676 million in 2022 to as much as $7.3 billion in 2027.

Plug power stock prediction 2022