Hydrogen supplier Plug Power (NASDAQ:PLUG) stock fell over 9% overnight despite saying it no longer has a “going concern” problem.The company said it has “sufficient cash on hand coupled with available liquidity” to fund its operations for the foreseeable future. However, it still posted a large loss of $1.37 billion, $2.30 per share, on revenue of $891 million for the year.PLUG stock is expected to open this morning at $3.21 per share, a market capitalization of under $2.2 billion.Plugging Back In?The loss ...

Plug Power Inc (NASDAQ: PLUG) is down 10% in premarket on Friday even though it reported record revenue for 2023. Why is Plug Power stock down on Friday?Copy link to sectionThe stock is being punished primarily because hydrogen fuel cells company ended the year with $2.30 of per-share loss ($1.37 billion) – much higher than $1.25 per share in 2022. Plug Power attributed the inflated loss to “increased investments in growth and expansion and the varied non-cash charges”.The quarterly report arrives just week ...

LATHAM, N.Y., March 01, 2024 (GLOBE NEWSWIRE) -- Today, Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy announced its financial results and operational milestones for the quarter and fiscal year ended December 31, 2023. With a steadfast commitment to advancing the green hydrogen economy, the Company has achieved significant progress in revenue growth, operational efficiency, and strategic investments aimed at promoting global sustainability a ...

Beaten-down clean hydrogen company Plug Power (NASDAQ:PLUG) appears to be showing some signs of life today. Shares of PLUG stock are now up more than 5% ahead of the company’s earnings report due tomorrow. The analyst consensus for Plug Power’s upcoming fourth-quarter earnings is for a quarterly loss of 57 cents per share. Now, that’s a big loss, considering PLUG stock currently trades for around $3.60 per share (after today’s increase). But that loss is also expected to be roughly half the amount the compa ...

Plug Power Inc. (PLUG) is scheduled to release fourth-quarter 2023 financial numbers on Mar 1, before market open.The company has a bleak earnings surprise history, having missed the Zacks Consensus Estimate in each of the preceding four quarters. The negative earnings surprise was 36.9%, on average.Let’s see how things have shaped up for Plug Power this earnings season.Factors to NotePlug Power’s fourth-quarter results are expected to benefit from the acquisitions of Applied Cryo Technologies and Frames Gr ...

Plug Power (PLUG 2.62%) stock kicked off Thursday on a high note, surging 13.7% in early-morning trading. An analyst upgrade just ahead of earnings is fueling investor interest in the hydrogen stock.All eyes on Plug Power's earningsTruist analyst Jordan Levy raised Plug Power stock's price target by 33% to $4 per share yesterday, just a couple of days ahead of the company's earnings. Plug Power will announce its fourth-quarter numbers on March 1. Levy may have upgraded the stock's price target, but that doe ...

Investors are always looking for stocks that are poised to beat at earnings season and Plug Power Inc. (PLUG) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Plug Power is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good in ...

Plug Power (NASDAQ:PLUG) stock is in full focus after Truist Securities analyst Jordan Levy raised his price target to $4 from $3 while maintaining a “hold” rating.Levy acknowledges that PLUG stock has increased by almost 30% since the company announced on Jan. 23 that its plant in Woodbine, Georgia had begun operations. The plant is the largest liquid green hydrogen plant in the U.S. with the capacity to produce 15 tons of liquid electrolytic hydrogen per day. On that day, Plug Power also announced that it ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT For the transition period from to Commission file number: 1-34392 Plug Power Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 22-3672377 (State or Other Jurisdiction ( ...

In its upcoming report, Plug Power (PLUG) is predicted by Wall Street analysts to post quarterly loss of $0.57 per share, reflecting a decline of 50% compared to the same period last year. Revenues are forecasted to be $202.08 million, representing a year-over-year decrease of 8.5%.Over the last 30 days, there has been a downward revision of 1.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial fore ...