Plug Power Inc. is a provider of hydrogen fuel cell turnkey solutions. The Company is focused on proton exchange membrane (PEM), fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and associated hydrogen and green hydrogen generation, storage, and dispensing infrastructure.
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What exactly does plug power do?
Plug Power Inc. Plug Power Inc. is an American company engaged in the development of hydrogen fuel cell systems that replace conventional batteries in equipment and vehicles powered by electricity. The company is headquartered in Latham, New York, and has facilities in Spokane, Washington, and Rochester, New York.
Does Plug Power have a future?
And it confirmed plans to generate 500 tons per day of liquid green hydrogen by the end of 2025, which will include installing 13 green hydrogen plants by the end of 2025. Plug Power projected ambitious electrolyzer sales of over 100 megawatts by 2022, which will generate 50 tons per day of green hydrogen.
How does Plug Power make money?
Plug Power currently derives roughly 94% of its revenue from the material handling business, which primarily supplies fuel cells for forklifts.Moreover, if fuel-cell-powered vehicles’ growth remains subdued, it can potentially limit Plug Power’s growth as well as its margins.
What companies use Plug Power?
Plug Power’s vertically integrated GenKey solution ties together all critical elements to power, fuel, and provide service to customers such as Amazon, BMW, The Southern Company, Carrefour, and Walmart.
Will Plug Power pay dividends?
Plug Power (NASDAQ: PLUG) does not pay a dividend.
Will Plug Power be profitable?
With no profits so far in its history of over two decades, Plug Power has relied on shareholders’ funds for its operations. The company expects to generate gross margin of more than 30% by 2024. It would take at least some more years beyond 2024 for Plug Power to generate net profits.
Is plug a Buy Sell or Hold?
Plug Power has received a consensus rating of Buy. The company’s average rating score is 2.63, and is based on 18 buy ratings, 8 hold ratings, and 1 sell rating.
Does Amazon own Plug Power?
Back in 2017, Plug Power sold warrants to Amazon, giving it the right to buy up to 23% of the company through warrants.Amazon likely netted at least $1 billion in the deal, as Plug Power shares have been trading at around $25 for most of 2021.
Is Plug Power a millionaire maker stock?
Plug Power may have been a millionaire-maker in recent years, but the chances of becoming a millionaire-maker stock at today’s price and the company’s prospects are very slim.The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
What will plug stock be worth in 5 years?
According to Wallet Investor’s Plug Power stock expectations, five years from now the stock could possibly surge to $98.8 a share based on an analysis of its current trend.
Is Plug stock overvalued?
The average analyst price target among the 24 analysts covering Plug is $42, suggesting about 4.1% upside from current levels. The Verdict: At today’s price, Plug stock appears to be extremely overvalued based on a sampling of common fundamental valuation metrics.
Does Plug Power make forklifts?
Plug Power’s GenDrive fuel cell products can power anything from a forklift and pallet jack to AGVs and tuggers.
Is Plug Power Clean Energy?
Plug Power is the leading provider of clean hydrogen and zero-emission fuel cell solutions that are both cost-effective and reliable.
What is the target price for Plug Power?
Stock Price Target PLUG
| High | $78.00 |
|---|---|
| Median | $49.00 |
| Low | $38.00 |
| Average | $49.35 |
| Current Price | $33.22 |
What is the target price for plug?
The 23 analysts offering 12-month price forecasts for Plug Power Inc have a median target of 49.00, with a high estimate of 78.00 and a low estimate of 38.00. The median estimate represents a +52.08% increase from the last price of 32.22.
Does Walmart own Plug Power?
Walmart uses Plug Power’s GenKey, a range of offerings to power, fuel, and service hydrogen and fuel cell applications. Plug Power began expanding into Walmart’s e-commerce in August 2020, and says it will continue that expansion into 2021.
What hydrogen fuel cell company is Jeff Bezos investing in?
Many others are making plays into the fuel cell technology sector, some with much fan fair and others very discretely and below the radar. Amazon’s Jeff Bezos, the world’s most wealthy individual, is already investing in FC technology. In May 2019, for example, fuel cell company Plug Power Inc.
How much cash does plug have?
Plug Power is relatively light in debt at US$530m – compared to the US$4.3b in cash it held in September 2021. In the last year, its cash burn was US$480m. Therefore, from September 2021, it had 8.9 years of cash runway.