Latest news with #PlugPower
Yahoo
3 days ago
- Business
- Yahoo
Why Plug Power Stock Soared Today
Plug Power stock gained ground in conjunction with a bullish day of trading for the broader market. The company also revealed that it expects to shift into posting positive EBITDA in 2026. Today's gains extend a recent rally for Plug Power that was kicked off by bullish tax-credit developments, 10 stocks we like better than Plug Power › Plug Power (NASDAQ: PLUG) stock closed out Thursday's trading with big gains. The company's share price rose 5% in the session amid a 0.8% gain for the S&P 500 and a 1% gain for the Nasdaq Composite. The stock had been up as much as 10.7% earlier in the day. A better-than-expected jobs report and increasing optimism surrounding the broader macroeconomic backdrop for stocks helped support gains for the broader market, and Plug Power also had some good news for investors. The company submitted a business update filing with the Securities and Exchange Commission (SEC) and laid out some encouraging targets. In an 8-K filing submitted to the SEC today, Plug Power said that it expects gross margins to be stable on an annual basis this year. The company also expects that it will start posting positive earnings before interest, taxes, depreciation, and amortization (EBITDA) at some point in 2026. In addition to the business update, the company also published a series of filings showing that members of its management team and board of directors had purchased stock. The hydrogen fuel cell specialist's share price is now up roughly 79% over the last month, and the company has posted big gains recently following an unexpected extension of hydrogen tax credits. . Plug Power stock has been highly volatile this year and is still down roughly 31% year to date on the heels of its recent rally. It's also down roughly 84% over the last five years, but some investors are seeing signs that some of the company's turnaround bets may be falling into place. While it's no surefire sign that the stock is poised to bound above current levels, recent share acquisitions by members of the renewable energy specialist's leadership team are encouraging. The company still has a lot of proving to do, but its outlook is looking better following the extension for hydrogen tax credits. Before you buy stock in Plug Power, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Plug Power wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $692,914!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $963,866!* Now, it's worth noting Stock Advisor's total average return is 1,049% — a market-crushing outperformance compared to 179% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Plug Power Stock Soared Today was originally published by The Motley Fool
Yahoo
3 days ago
- Business
- Yahoo
Why Plug Power Stock Skyrocketed 27.6% This Week
The "Big, Beautiful Bill" extends hydrogen industry tax credits through 2028, boosting Plug Power and other hydrogen stocks. Plug Power continues to struggle with stagnant sales and significant cash burn. 10 stocks we like better than Plug Power › Shares of Plug Power (NASDAQ: PLUG) soared this week, up 27.6% as of market close on Thursday. The spike comes as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq-100 were up 1.7% and 1.5%, respectively. Earlier this week, Trump's major budget bill was amended to extend tax incentives for hydrogen power, providing critical relief to Plug Power and other hydrogen stocks. That said, Plug Power is in a tough financial position. President Trump's "Big, Beautiful Bill," which passed the Senate earlier this week and is likely to soon clear the House, was amended to extend critical tax incentives for the hydrogen industry for two more years. The latest version provides tax relief for hydrogen operators through January 2028, rather than the 2026 end date in previous versions of the bill. This significant change sent Plug Power and hydrogen stocks across the board higher. Investors interested in the company should know that Plug is struggling financially. The company's sales have stagnated and even declined for some time -- with the notable exception of last quarter -- and it is operating at a loss. Its cash burn is not sustainable. For investors with a high risk tolerance, Plug could be a speculative turnaround play, but I would caution most investors to stay away. Even if the bill passes and the tax credits are extended, Plug is in a very rocky situation. Before you buy stock in Plug Power, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Plug Power wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $692,914!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $963,866!* Now, it's worth noting Stock Advisor's total average return is 1,049% — a market-crushing outperformance compared to 179% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Plug Power Stock Skyrocketed 27.6% This Week was originally published by The Motley Fool
Globe and Mail
3 days ago
- Business
- Globe and Mail
Plug Power Eyes Expansion in Green Energy Sector: Can It Deliver Growth?
Plug Power Inc. PLUG has been plagued with a high cash burn rate and negative gross margins over the past several quarters. Decline in revenues from the sales of hydrogen equipment and related infrastructure has been weighing on its performance. The company has been subject to lower sales of GenDrive units, GenSure stationary backup power units, cryogenic storage equipment and liquefiers. Despite this, PLUG has been considering to scale up its business and invest in hydrogen plants, given the long-term growth potential of the green hydrogen energy market. Going by some estimates the green hydrogen energy market is expected to grow to $30 billion by 2030. PLUG looks forward to capitalize on the opportunity with increased green hydrogen production at its new plant in Georgia, as well as a new joint venture with chemical products company, Olin Corporation OLN in Louisiana. In January 2025, Plug Power also secured a loan guarantee worth $1.66 billion from the U.S. Department of Energy (DOE) to support the construction of six green hydrogen production facilities. This marks a significant step in the expansion of its domestic manufacturing and hydrogen production capabilities. Also, the Senate's revision of the Trump administration's proposed tax bill is expected to offer two-year tax credit extensions for the hydrogen industry. This is likely to help Plug Power remain solvent as it considers scaling up its business. Although, the ongoing challenges, including negative gross margins and cash outflows, are likely to affect PLUG's near-term performance, its investments in the lucrative green hydrogen market and the Quantum Leap project are likely to be beneficial in the long run. Growth Investments in Clean Energy Space from PLUG's Peers Among Plug Power's major peers, Bloom Energy Corporation BE is poised to benefit from its expanding domestic and international commercial capability. In February 2025, Bloom Energy announced an expansion of its longstanding relationship with Equinix. Its fuel cells allow Equinix to generate on-site power at its data centers more sustainably than typical grid-delivered energy. Also, Bloom Energy's fuel cell projects with SK ecoplant in South Korea have significantly contributed to its performance in the past several quarters. Its another peer, FuelCell Energy, Inc. FCEL, remains focused on investing in the development and commercialization of its solid oxide fuel cell platform. This includes strategic collaborations that will allow FuelCell Energy to deploy the technology in energy, hydrogen generation and emissions reduction projects. FuelCell Energy continues to deploy its mature carbonate fuel cell systems, which generate clean electricity, heat and hydrogen, and support carbon capture. The Zacks Rundown for PLUG Shares of Plug Power have gained 14.7% in the past three months compared with the industry 's growth of 48.7%. Image Source: Zacks Investment Research From a valuation standpoint, Plug Power is trading at a forward price-to-earnings ratio of a negative 2.83X against the industry average of 20.88X. PLUG carries a Value Score of F. The Zacks Consensus Estimate for PLUG's bottom line for 2025 has been stable in the past 60 days. Image Source: Zacks Investment Research PLUG stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Plug Power, Inc. (PLUG): Free Stock Analysis Report FuelCell Energy, Inc. (FCEL): Free Stock Analysis Report Olin Corporation (OLN): Free Stock Analysis Report Bloom Energy Corporation (BE): Free Stock Analysis Report
Globe and Mail
4 days ago
- Business
- Globe and Mail
Should You Buy Plug Power Stock While It's Below $3?
Plug Power (NASDAQ: PLUG), a leading developer of hydrogen charging technologies, has been a disappointing investment over the past year. After reaching a 52-week high of $3.34 per share on July 16, 2024, it declined nearly 60% to its current price of about $1.50. Should you buy Plug's stock after that pullback, or will it sink even lower? Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » What does Plug Power do? When Plug Power went public in 1999, it planned to develop hydrogen fuel charging systems for homes. But high production costs, soft consumer demand, the difficulty of building new hydrogen charging infrastructure, and high regulatory hurdles shattered that dream. Plug Power subsequently pivoted toward the development of hydrogen fuel cells and charging systems for warehouse forklifts and backup power systems. Amazon (NASDAQ: AMZN) and Walmart (NYSE: WMT), which both recognized the cost-cutting potential of those systems, became Plug's two biggest customers and investors (through their stock warrants). Plug Power also expanded its smaller cryogenic equipment business with two acquisitions over the past three years. It's now the single largest buyer of liquid hydrogen, and it has already deployed more than 70,000 fuel cell systems and over 250 fueling stations across the world. Therefore, Plug Power is well-positioned to profit from the potential growth of the hydrogen charging market. But 26 years after its public debut, hydrogen charging hasn't gone mainstream. The same challenges that prevented Plug's residential business from taking off are still holding back the nascent market. What happened to Plug Power over the past few years? In 2020, Plug Power's revenue turned negative as the usage of its own stock warrants to subsidize its fuel cell sales to Amazon and Walmart surpassed its own customer payments. But after restating its financials, its revenue turned positive again in 2021 and rose through 2023. Metric 2021 2022 2023 2024 Revenue $502 million $701 million $891 million $629 million Growth (Loss) N/A* 40% 27% (29%) Operating Margin (87%) (97%) (151%) (321%) Net Income (Loss) ($460 million) ($724 million) ($1.37 billion) ($2.10 billion) Data source: Plug Power. *Figure is not applicable due to financial restatements. However, most of Plug Power's growth in 2022 and 2023 was driven by its aforementioned acquisitions instead of the organic growth of its fuel cell and charging systems business -- which struggled as the macro headwinds drove businesses to rein in their spending on big hydrogen projects. In 2024, Plug's slowdown intensified as it lapped its acquisitions. Its operating expenses also surged, and its losses widened at an alarming rate. But in 2025, analysts expect its revenue to rise 17% to $734 million as it posts a net profit of $233 million. In 2025, they expect its revenue to increase 39% to $1.02 billion as its net income more than doubles to $478 million. With a market cap of $1.3 billion, it looks dirt cheap at 1.3 times next year's sales. However, its growth will only accelerate if a few catalysts kick in. What catalysts will drive Plug Power's recovery? First, declining interest rates should drive more businesses to resume their hydrogen plans. That growth should be supported by the production of green hydrogen at its new plant in Georgia, as well as a new joint venture with chemical manufacturing company Olin (NYSE: OLN) in Louisiana to scale its production volume and dilute its unit costs. The company also secured a $1.66 billion loan guarantee from the U.S. Department of Energy (DOE) this January to fund its construction of six green hydrogen manufacturing plants, and the Senate's latest revision of the Trump administration's proposed tax bill will grant a two-year extension for tax credits for the hydrogen industry. That support should keep Plug Power solvent as it aggressively scales up its business. To boost its profitability, Plug Power is implementing an aggressive cost-cutting plan dubbed "Project Quantum Leap" to reduce its annual expenditures by $150 million-$200 million through workforce reductions, lower discretionary spending, and other capital efficiency initiatives. Should you buy Plug Power's stock while it's below $3? Plug Power's future looks a lot brighter than it did a year ago. That's probably why insiders bought nearly 12 times as many shares as they sold over the past 12 months. They also bought about 11 times as many shares as they sold over the past three months. However, investors should note that Plug Power more than tripled its number of shares over the past five years with its secondary offerings and stock-based compensation. That dilution should persist for the foreseeable future, and it could be exacerbated by Amazon and Walmart exercising their stock warrants (which would force Plug to issue more shares). But despite that dilution, Plug Power might be an attractive play at these levels if you expect the hydrogen market to finally turn mainstream. It disappointed a lot of investors over the past 26 years, but its long-term tailwinds are finally picking up -- and it might generate big multibagger gains over the next decade as the hydrogen market expands. Should you invest $1,000 in Plug Power right now? Before you buy stock in Plug Power, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Plug Power wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $722,181!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $968,402!* Now, it's worth noting Stock Advisor 's total average return is1,069% — a market-crushing outperformance compared to177%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 30, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Leo Sun has positions in Amazon. The Motley Fool has positions in and recommends Amazon and Walmart. The Motley Fool has a disclosure policy.
Yahoo
4 days ago
- Business
- Yahoo
Why Plug Power Stock Skyrocketed 28.5% Today
The Senate's version of the "Big, Beautiful Bill" extends hydrogen industry tax credits through 2028, boosting Plug Power and other hydrogen stocks. Plug Power continues to struggle with stagnant sales and cash burn despite the recent tax credit news. 10 stocks we like better than Plug Power › Shares of Plug Power (NASDAQ: PLUG) jumped on Monday, finishing the day up 28.5%. The spike comes as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) were both up modestly. Plug Power, which is developing hydrogen-based clean energy technology, received a boost from the Senate's latest version of the "Big, Beautiful Bill." President Trump's "Big, Beautiful Bill" is currently working its way through Congress. The Senate's latest version includes a provision extending hydrogen industry tax credits through Jan. 1, 2028, two years longer than the previous version. This significant change sent hydrogen stocks across the board higher. The extension has apparently gained support even from oil companies like ExxonMobil. The companies view hydrogen as a potential clean energy revenue stream, as most hydrogen today is made using natural gas. Plug Power has committed to moving toward 100% clean methods that do not use natural gas, but for now relies in part on fossil fuels. Investors interested in the company should know that Plug is struggling. The company's sales have stagnated and declined for some time, with the notable exception of last quarter. It is operating at a loss and burning cash. For investors with a high risk tolerance, Plug could be a speculative turnaround play, but I would caution most investors to stay away. The extension of the tax credit would be a lifeline, but even if it does go through, there is a chance Plug faces bankruptcy in the not-so-distant future. Before you buy stock in Plug Power, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Plug Power wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $713,547!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $966,931!* Now, it's worth noting Stock Advisor's total average return is 1,062% — a market-crushing outperformance compared to 177% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Plug Power Stock Skyrocketed 28.5% Today was originally published by The Motley Fool
