Analysts revised the price target or estimates on Plug Power, Inc. PLUG after the company reported weak third-quarter results and provided FY25 guidance.On Wednesday, Plug provided its financial outlook for 2025, projecting revenue between $850 million and $950 million (street view: $1.185 billion). Looking further ahead, the company aims for a target revenue of approximately $3.75 billion by 2030.Also this week, Plug Power reported third-quarter revenue of $173.73 million, which missed the consensus of $21 ...

Energy Plug Releases Its 20 kWh Decentralized Battery System and Provides Solutions for Powering Cryptocurrency and AINovember 14, 2024 9:29 AM EST | Source: Energy Plug Technologies Corp.Vancouver, British Columbia--(Newsfile Corp. - November 14, 2024) - Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) ("Energy Plug" or the "Company") is pleased to announce the launch of its 20 kWh Decentralized Battery System.Designed to meet the demand for decentralized energy in North A ...

I am mostly a trader engaging in both long and short bets intraday and occasionally over the short- to medium term. My historical focus has been mostly on tech stocks but over the past couple of years I have also started broad coverage of the offshore drilling and supply industry as well as the shipping industry in general (tankers, containers, drybulk). In addition, I am having a close eye on the still nascent fuel cell industry.I am located in Germany and have worked quite some time as an auditor for Pric ...

Plug Power Inc. (PLUG) reported third-quarter 2024 results, wherein its bottom and top lines missed the Zacks Consensus Estimate.Total revenues of $173.7 million missed the consensus estimate of $208 million.  The top line declined 12.6% from the year-ago quarter.The company’s adjusted loss was 25 cents per share, wider than the consensus estimate of a loss of 24 cents per share. The bottom line fared better than the adjusted loss of 47 cents per share reported in the prior-year quarter.Stay up-to-date with ...

Losses continue to mount and Plug Power's options are dwindling.Plug Power's (PLUG 5.50%) business continues to burn through billions of dollars with no end in sight. In this video, Travis Hoium shows why the losses are so concerning and investors should be careful with this speculative energy stock.*Stock prices used were end-of-day prices of Nov. 12, 2024. The video was published on Nov. 12, 2024. ...

For the quarter ended September 2024, Plug Power (PLUG) reported revenue of $173.73 million, down 12.6% over the same period last year. EPS came in at -$0.25, compared to -$0.47 in the year-ago quarter.The reported revenue represents a surprise of -16.38% over the Zacks Consensus Estimate of $207.75 million. With the consensus EPS estimate being -$0.24, the EPS surprise was -4.17%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to det ...

Table of Contents Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered Common Stock, par value $.01 per share PLUG The NASDAQ Capital Market UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITIO ...

Plug Power Inc. (NASDAQ:PLUG) Q3 2024 Earnings Call Transcript November 12, 2024 8:30 AM ET Company Participants Meryl Fritz - Marketing and Communications Manager Andy Marsh - CEO Paul Middleton - CFO Sanjay Shrestha - GM, Energy Solutions & CSO Conference Call Participants Colin Rusch - Oppenheimer Saumya Jain - UBS George Gianarikas - Canaccord Genuity Eric Stine - Craig-Hallum Bill Peterson - JPMorgan Craig Irwin - Roth Capital Partners Dushyant Ailani - Jefferies Chris Senyek - Wolfe Research Amit Daya ...

Plug Power (PLUG) came out with a quarterly loss of $0.25 per share versus the Zacks Consensus Estimate of a loss of $0.24. This compares to loss of $0.47 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4.17%. A quarter ago, it was expected that this alternative energy company would post a loss of $0.30 per share when it actually produced a loss of $0.36, delivering a surprise of -20%.Over the last four quarters, the company ...

Revenue and Financial Performance - Q3 2024 revenue reached $173.7 million, driven by electrolyzer deployments and hydrogen network expansion[2] - Net revenue for the three months ended September 30, 2024, was $173,730 thousand, down from $198,711 thousand in the same period in 2023[21] - Plug anticipates 2024 revenue to range between $700 million and $800 million, driven by electrolyzer and material handling orders[12] - Net loss for the three months ended September 30, 2024, was $211,168 thousand, compared to $283,479 thousand in the same period in 2023[21] - Net loss for the nine months ended September 30, 2024, was $769.3 million, compared to $726.4 million in the same period in 2023[22] Margins and Profitability - Gross margin loss decreased by 37% QoQ, with equipment margins improving 42% and service margins improving 776%[4] - Gross loss for the three months ended September 30, 2024, was $100,025 thousand, compared to $137,965 thousand in the same period in 2023[21] - Operating loss for the three months ended September 30, 2024, was $216,168 thousand, compared to $273,971 thousand in the same period in 2023[21] - Hydrogen fuel margins improved, with higher utilization expected in Q4 2024 after planned downtime in Q3[7] Cash Flow and Liquidity - Operating cash flows improved by 31% QoQ, reflecting margin and working capital efficiency gains[3] - Net cash used in operating activities decreased to $597.4 million in 2024 from $863.9 million in 2023[22] - Net cash provided by financing activities increased significantly to $779.2 million in 2024 from $14.4 million in 2023[23] - Cash, cash equivalents, and restricted cash at the end of the period were $1.0 billion in 2024, down from $1.2 billion in 2023[23] - Decrease in cash and cash equivalents was $41.1 million in 2024, compared to a decrease of $579.8 million in 2023[23] Electrolyzer and Hydrogen Network Expansion - Electrolyzer sales increased 285% QoQ, with a major 25 MW order from bp and Iberdrola's joint venture in Spain[6] - Global BEDP contracts grew to over 8 GW, including a 3 GW agreement with Allied Green Ammonia in Australia[8] - The company completed installation of an 8 MW hydrogen fuel cell system for Energy Vault, marking a milestone in clean energy solutions[10] - Plug received a $10 million DOE grant to develop advanced hydrogen refueling stations in Washington State[11] Expenses and Cost Management - Research and development expenses for the three months ended September 30, 2024, were $19,712 thousand, down from $27,651 thousand in the same period in 2023[21] - Selling, general, and administrative expenses for the three months ended September 30, 2024, were $91,586 thousand, down from $105,451 thousand in the same period in 2023[21] - Stock-based compensation decreased to $64.1 million in 2024 from $129.1 million in 2023[22] - Inventory adjustments and provisions for excess and obsolete inventory increased to $67.8 million in 2024 from $33.9 million in 2023[22] Asset and Liability Changes - Total assets decreased from $4,902,738 thousand in December 2023 to $4,724,874 thousand in September 2024[20] - Cash and cash equivalents decreased from $135,033 thousand in December 2023 to $93,940 thousand in September 2024[20] - Inventory, net decreased from $961,253 thousand in December 2023 to $885,764 thousand in September 2024[20] - Total current liabilities decreased from $964,800 thousand in December 2023 to $786,945 thousand in September 2024[20] Capital Expenditures and Investments - Purchases of property, plant, and equipment decreased to $253.1 million in 2024 from $484.0 million in 2023[22] - Net cash used in investing activities was $358.5 million in 2024, compared to net cash provided by investing activities of $460.5 million in 2023[22] - Proceeds from public and private offerings, net of transaction costs, were $793.2 million in 2024, compared to none in 2023[22]