Could Plug Power Go Parabolic by 2027?

Core Insights - Plug Power stock has significantly outperformed the S&P 500, rising 58% over the last six months compared to the index's 17% increase [1] - There is potential for further gains in Plug Power stock, with expectations of substantial growth by the end of 2027 [1] Financial Performance - Plug Power has achieved a 22.2% compound annual growth rate in sales from 2015 to 2024, but has faced increasing net losses, reporting $724 million in 2022 and projected losses of $1.4 billion and $2.1 billion for 2023 and 2024 respectively [3] - The company has initiated Project Quantum Leap to reduce costs, aiming to eliminate $150 million to $200 million annually [4] - In the first half of 2025, Plug reported an operating loss of $355 million, an improvement from the $504 million loss in the same period the previous year [4] Future Outlook - If Project Quantum Leap continues to show positive results, achieving positive operating income by the end of 2027 could be within reach, which would be a significant milestone for the company [5] - Monitoring quarterly reports will be crucial for investors to assess the company's progress towards profitability [6]