Plug Power Inc is a leading provider of clean hydrogen and fuel cell systems that are aimed at advancing the adoption of renewable energy solutions for various industries. The company specializes in designing and manufacturing hydrogen fuel cell technology, which serves as a sustainable alternative to traditional battery power, particularly for electric vehicles and material handling equipment. Through its innovative products and services, Plug Power is committed to reducing carbon emissions and promoting the use of hydrogen as a clean energy source in order to support the growing demand for environmentally friendly energy solutions. Read More
Plug Power's recent operational strides and strategic partnerships hint at long-term growth potential within the rapidly expanding green hydrogen market.
Plug Power shares rose 3% to 72 cents on Friday, clawing back some ground after a sharp selloff earlier in the week. The stock remains down 21.4% since Monday's session following a mixed Q1 earnings report.
JP Morgan analyst reiterated Neutral rating on Plug Power but has withdrawn price forecast. Q1 revenue and earnings beat estimates, Q2 guidance shows confidence in demand growth. Analyst lowered revenue estimates for year, citing potential deal delays and need for additional funding. Company faces near-term challenges, but has potential for future growth. Investors can gain exposure through Global X Hydrogen ETF. PLUG shares down 0.09% at $0.8110.
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Plug Power Inc. (NASDAQ: PLUG) shares are trading lower Wednesday after the company reported first-quarter results that showed revenue growth, but a wider-than-expected loss.
Plug Power reported Q1 results, faces challenges in US green energy policy, may shift focus to international opportunities. Analyst maintains Neutral rating.
CEO Andy Marsh said there is strong support for hydrogen production hubs in Republican-ruled states, and the projects would not be viable without the tax credits.
Fuel cell technology Plug Power (NASDAQ:PLUG) announced better-than-expected revenue in Q1 CY2025, with sales up 11.2% year on year to $133.7 million. Guidance for next quarter’s revenue was better than expected at $160 million at the midpoint, 1.2% above analysts’ estimates. Its GAAP loss of $0.21 per share was 10.9% below analysts’ consensus estimates.
