Last fall, Plug Power (PLUG 0.26%) issued a dire warning. The hydrogen company projected at that time that it didn't have enough liquidity to fund its operations through the next year. That caused investors to worry that it might not be able to continue as a going concern. However, those concerns are now in the rearview mirror. Plug Power has plugged the holes in its liquidity and how has the fuel to continue operating. Here's a look at whether that makes the hydrogen stock a buy.Shoring up its liquidityPlu ...

Key PointsPlug Power has resolved its going-concern issue, but there is still significant concern about the share price. Short-interest and a lack of profits are weighing on the stock and dilution is likely in 2024. The stock is melting up, but a ceiling is near, and a new low could come soon. 5 stocks we like better than Plug PowerPlug Power NASDAQ: PLUG shares shot up 10% following the Q4 release and FY update; however, it is not time to buy this stock in any other way than speculatively. The company turn ...

Plug Power (PLUG 10.20%) stock has been a roller coaster. In January, shares nearly doubled in value only to give up those gains by the end of the month. February brought much of the same, with the stock price recently surging 17% over a handful of days.Despite the volatility, shares remain well below their all-time highs. But if the company's management team succeeds with their vision, it's possible that Plug Power stock could rise in value by 1,000% or more.Is this beaten-down growth stock finally a buy?P ...

Exhibit 99.1 Plug Power Fourth Quarter 2023 Earnings March 1, 2024 Presenters Andy Marsh, CEO Paul Middleton, CFO Meryl Fritz, Marketing and Communications Manager Sanjay Shrestha, Chief Strategy Officer Q&A Participants James West – Evercore ISI Manav Gupta – UBS Craig Irwin – ROTH MKM Bill Peterson – J.P. Morgan George Gianarikas – Canaccord Genuity Skye Landon – Redburn Atlantic Eric Stine – Craig-Hallum Jordan Levy – Truist Securities Sherif Elmaghrabi – BTIG Amit Dayal – H.C. Wainwright Ameet Thakkar – ...

From the start of the year through the end of trading last week, Plug Power (PLUG 10.20%) stock has vastly underperformed the market. Whereas the S&P 500 rose 7.4% during this time frame, share prices of Plug Power fell about 18%.However, one Wall Street analyst believes that Plug Power stock is set to reverse this downward trend and head higher. Hiking his price target 33% from $3 to $4, Jordan Levy, an analyst at Truist Financial, thinks Plug Power could soar about 16% from Wednesday's closing price of $3 ...

Plug Power (PLUG 5.81%) sent shockwaves among investors some months ago when it issued a "going concern" warning. Management has tried hard to pacify investors since, and some of the updates it provided in late January even sent the hydrogen stock surging more than 40% in the last week of the month.All eyes have been on Plug Power's earnings report since, with investors hoping for some more good news. The company seems to have succeeded, or so it seems from the way Plug Power stock made a U-turn on Friday, ...

Shares of hydrogen fuel cell company Plug Power (PLUG 5.62%) fell more than 10% in early trading on Friday before turning around, erasing its losses, and even notching a 1.7% gain by 11:40 a.m., after "missing" on both sales and earnings in its 2023 earnings report this morning.Heading into the quarter, analysts weren't overly optimistic, expecting Plug to report a loss of $1.62 per share on $900.3 million in sales -- but Plug managed to disappoint investors on both counts. Sales for the year came up short ...

Plug Power (PLUG -1.70%) stock was having a banner week, at least through Thursday. The stock had soared by more than 20% heading into the company's fourth-quarter earnings report Friday morning. But shares plunged after the market got a look at that report.Still, as of late Friday morning, Plug Power stock was trading about 6% higher than where it started the week, according to data provided by S&P Global Market Intelligence. There was some good news in the company's earnings report, but investors still de ...

Plug Power (PLUG) reported $222.16 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 0.6%. EPS of -$1.07 for the same period compares to -$0.38 a year ago.The reported revenue represents a surprise of +9.67% over the Zacks Consensus Estimate of $202.57 million. With the consensus EPS estimate being -$0.56, the EPS surprise was -91.07%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to de ...

Plug Power (PLUG) came out with a quarterly loss of $1.07 per share versus the Zacks Consensus Estimate of a loss of $0.56. This compares to loss of $0.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -91.07%. A quarter ago, it was expected that this alternative energy company would post a loss of $0.32 per share when it actually produced a loss of $0.47, delivering a surprise of -46.88%.Over the last four quarters, the comp ...