![]() Valuation: What is Plug Power worth today? Has the future growth potential already been factored into the price? The intrinsic value infographic in our free research report helps visualize whether Plug Power is currently mispriced by the market. We've also put together a list of relevant aspects you should look at: This article is not intended to be a comprehensive analysis on Plug Power, so if you are interested in understanding the company at a deeper level, take a look at Plug Power's company page on Simply Wall St. Should the business grow at a slower rate, it will become profitable at a later date than expected. It turns out an average annual growth rate of 68% is expected, which is extremely buoyant. In order to meet this breakeven date, we calculated the rate at which the company must grow year-on-year. ![]() So, the company is predicted to breakeven approximately 2 years from today. They anticipate the company to incur a final loss in 2024, before generating positive profits of US$90m in 2025. ![]() Plug Power is bordering on breakeven, according to the 27 American Electrical analysts. We've put together a brief outline of industry analyst expectations for the company, its year of breakeven and its implied growth rate.Ĭheck out our latest analysis for Plug Power As path to profitability is the topic on Plug Power's investors mind, we've decided to gauge market sentiment. The company’s loss has recently broadened since it announced a US$724m loss in the full financial year, compared to the latest trailing-twelve-month loss of US$774m, moving it further away from breakeven. delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for supply chain and logistics applications, on-road electric vehicles, stationary power market, and others in North America and internationally. We feel now is a pretty good time to analyse Plug Power Inc.'s ( NASDAQ:PLUG) business as it appears the company may be on the cusp of a considerable accomplishment. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. On the date of publication, Samuel O’Brient did not have (either directly or indirectly) any positions in the securities mentioned in this article. The stock currently holds a “moderate buy” consensus rating on TipRanks with 13 Wall Street analysts maintaining buy ratings and only 6 rating it as a hold. Last week, an analyst team at HSBC issued a “buy” rating and an $11 price target, arguing that the stock “could be at an inflection point.” As InvestorPlace contributor Ian Cooper notes, the company also reported record revenue for the second quarter and has forecast further growth. While we continue to see a meaningful step-up in financial performance, we believe street for 2H23 GMs are too high, and see potential for further delays to PTC guidance the threat of a gov’t shutdown impacting timing on PLUG’s financing efforts.”Īs mentioned, though, Levy isn’t the only expert to weigh in on PLUG stock recently. “Ahead of PLUG’s upcoming 10/11 Symposium, we’re updating our estimates to reflect what we forecast to be a more moderate sequential growth profile/margin step-up in 3Q due to timing of H2 production out of GA/TN, a more 4Q weighted electrolyzer shipment cadence, and other adjustments. Levy’s bearish warning has cast doubt over Plug Power’s immediate future. As of this writing, PLUG stock is down more than 10% for the day. This week is off to a rough start for this former clean energy winner. Let’s dive into Levy’s take and take a closer look at what it means for investors. Shares have been falling all day as markets react negatively to the news.īut as far as the stock has fallen lately, not all of Wall Street is as concerned about the company’s future. Today, Jordan Levy of Truist Securities issued a “hold” rating for PLUG stock and lowered his price target to $8 per share. Since August 2023 it has fallen 20% though, and some experts are concerned. The hydrogen fuel cell company has made big waves amid the green energy boom, demonstrating impressive gains just a few months ago. Plug Power (NASDAQ: PLUG) stock is sinking today on news of an analyst downgrade.
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