#Plug power stock professional#
Material Handling and Global Key Accounts – led by Jose Luis Crespo, a seasoned professional with a strong retail background who will lead the company’s customer relation management (CRM) strategies. Moving forward, Plug Power’s business structure will be broken down into the four different units below:Įlectrolyser Solutions – led by Ole Hoefelmann, a 30-year veteran of the hydrogen industry. The company said these appointments will help it manage its vertically integrated business and accelerate growth. The company said its gross margin remains under the same pressures it experienced in the second quarter pressure and is driven by a range of factors including higher fuel, service, and product costs as well as the impact of COVID-19 on the global supply chain.īased on current technical readings and fundamentals, is this recent downward trend likely to continue, or is the positive momentum poised to return? Other Plug Power company newsĪside from its latest earnings report, other Plug Power news includes its announcement on 19 August that it had appointed four key general managers to work alongside CEO Andy Marsh, each leading individual business units.
#Plug power stock update#
In a business update the company said it could be seeing $3bn revenues by 2025 and a 20% margin. It expects to be producing 70 tons of green hydrogen a day by the end of the year and scaling up to 500 tons a day by 2025. Green hydogen is used in fuel cells to generate electricity and produce only water as a waste product.īut the company has previously disappointed investors particularly with its third quarter results which showed a 34% increase in revenue to $144m but a net loss of $107m. The price has since continued to drop into the new year today (21 January) is at $21.60 - a long way off its $73 peak last January. Its full year results are due in March. The greater the number of analysts giving a specific recommendation, the higher weight you may want to use when applying these ratings to your own analysis.Hydrogen fuel-cell specialist Plug Power laid out some bullish plans for the company this week including a revenue goal in excess of $900m which tickled the market's interest with a 3% rise. The information presented on the graph represents the number of industry analysts that currently rank the stock on the 1 to 5 scale. These recommendations are updated each day and are assigned a rating on a scale of 1 to 5: The Ratings Breakdown table uses Zacks' brokerage recommendations. This graph is intended to provide a snapshot of the short-term trend in analyst sentiment. To calculate the Mean Recommendation, the number of recommendations for a given rating is multiplied by its factor (1 thru 5, as shown below), the totals are summed, and the average is then calculated by dividing the sum by the total number of recommendations received for the period. The table shows the mean historical analyst recommendation for the current period, along with the previous 1, 2, and 3 periods. Above the chart, you will find the 12-Month High, Mean, and Low Target Prices from analysts who provided ratings. The chart at the top shows a one-year chart for the symbol, with Earnings highlighted. Analyst Ratings typically are tied into analysis of Earnings Estimates and Earnings Estimates Revisions. Unlike Barchart Opinions (which calculate the Buy/Sell rating using a variety of short-medium and long-term technical indicators), the Analyst Ratings are more of a short-term indicator that gives you a feel for how outside industry experts are weighing in on a stock. Analyst Ratings are available for US and Canadian equities. Barchart provides Analyst Ratings to give you another tool to gauge the possible future performance of a stock.