财务表现 - Plug Power公司2023年第四季度净亏损为6.42亿美元，远低于市场预期[2] - 2023年第四季度毛利率为-100%，设备部门成本上升导致EBITDA亏损为6.067亿美元[3] - 预计2024财年收入大致与市场预期一致，但公司未公布具体指导[4] - Plug Power公司披露商誉减值2.495亿美元，与股价低于账面价值有关[3] 未来展望 - 未来12-18个月内预期相对基准指数跌幅在10%以上[15] - 海通国际使用相对评级系统，包括Outperform、Neutral和Underperform[16] - 投资者应根据个人情况和其他考虑因素做出买卖股票的决定[17] - Outperform评级表示股票未来12-18个月的总回报预计将超过相关广泛市场基准[18] - Neutral评级表示股票未来12-18个月的总回报预计与相关广泛市场基准持平[19] - Underperform评级表示股票未来12-18个月的总回报预计将低于相关广泛市场基准[20] 公司信息 - 公司未提及格鲁吉亚工厂的最终投产时间和与美国能源部的贷款状况的更新[5] - 海通国际股票研究评级分布中，优于大市占89.4%，中性占9.6%，弱于大市占1.0%[22] - 海通国际Q100指数包括100支优质中国A股，每季度进行复审[32] - 盟浪义利（FIN-ESG）数据仅供参考，不构成投资建议，不对投资者因使用数据造成的损失负责[34]

公司财务状况 - Plug Power公司近期采取了措施来增强其流动性，避免财务危机[1] - 分析师对Plug Power公司未来仍存在担忧，主要原因包括现金流问题、收入增长不及预期以及利润率低迷[2][3][4] - 公司需要加快收入增长速度，以实现盈利，并通过降低现金燃烧率和减少股票发行来支持持续扩张[5][6] 风险评估 - Plug Power公司仍然存在风险，尽管有潜在增长机会，但分析师仍然对其未来持谨慎态度[7][8]

产品特点 - Plug Power 采用生态系统方法创建综合和整合的氢经济[20][47] - 液态氢相对于气态氢具有更高的密度，运输成本更低[27] - 液态氢便于运输和基础设施建设，成本更低[27] - 液态氢的交付方式更加经济和节省空间[27] - 液态氢加油机支持液态供应和气态供应交付[55] - 液态氢加油机具有液态储罐和气态加压的优势[55] - 6500加仑的液氢储存量，高流量可实现5到10分钟的加注时间[63] - 便携式应用降低基础设施成本，可在几天内投入运营[64] - Plug专注于绿色液氢生产，使用电解水制氢等技术[96] 技术优势 - Plug Power 开发的液态氢便携加油机是一个自包含的项目加油系统[45] - 液态氢加油机可以快速部署，适用于试点项目和小型车队[45] - 液氢泵是装备包的关键驱动因素，提供高压气流[59] - 有不同的加注压力设计，适用于不同车辆应用[61] - 控制/调节加注压力由加注器本身控制，具有流量控制阀和传感器[121] 市场前景 - Plug是唯一一个在该领域内实现垂直整合的公司，提供全面的端到端解决方案[86] - Plug的液氢生成网络目标是到2028年达到每天1000吨[85] - Plug提供多种解决方案，包括液氢运输和高压气体[90] - Plug公司期望在欧洲和美国拥有相同的液氢基础设施[140]

While hydrogen fuel-cell systems specialist Plug Power (NASDAQ:PLUG) was a hot meme trade during the initial year of the Covid-19 crisis, PLUG stock has lost significant momentum since February 2021. Nevertheless, sentiment toward the enterprise remains cautiously optimistic, as evidenced by Craig-Hallum’s latest assessment.Earlier Monday, analysts led by Eric A. Stine lowered their price target of PLUG stock to $5 from $6 while maintaining a “buy” rating. Plug Power benefits from tailwinds pushing the comp ...

公司发展 - Plug Power股价今年已经稳定，投资者关注公司的复苏策略和资产负债表策略[1] - Plug Power获得了美国能源部（DOE）16亿美元的资金支持，这意味着公司可能不会破产[3] - 公司已经在关键工厂取得进展，开始为乔治亚和田纳西的客户提供服务[4] - 公司正在进行成本削减计划，力求节省约7500万美元的年度成本[5] 行业地位 - Plug Power在氢能源行业处于领先地位，这是一个预计在未来几年将继续增长的行业[9] 风险挑战 - 公司面临着一些重大风险，包括与B. Riley的ATM交易以筹集现金，以及长期以来未能达到自己的预期[10] 股价展望 - Plug Power股价展望为温和看涨，可能很快会有强劲的看涨突破[15]

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 – ...

股价表现 - Plug Power股价在今年年初至上周交易结束时表现不佳，与标普500指数相比下跌了约18%[1] - 华尔街分析师Jordan Levy认为Plug Power股票将逆转下跌趋势并上涨，将目标价从3美元提高至4美元，预计股价可能会上涨约16%[2] 氢气生产 - Levy将股价目标的提高建立在投资者对公司氢气生产公告持续热情的基础上，Plug Power在一月底宣布在乔治亚州启动了液氢生产设施，这是公司发展强大氢气生产基础设施的重要一步，公司目标是2030年每日生产2500吨氢气[3] 财务状况 - Plug Power在公司报告2023年第四季度财务结果之前设定了4美元的目标价，尽管公司营收同比增长27%，但Plug Power报告了每股2.62美元的巨额亏损，较去年同期每股1.25美元的亏损更为严重[4] - 公司持续无法盈利和产生有机现金流是一个深刻的问题，直到Plug Power展示出盈利和营收增长的能力，最好还是观望这支股票[5]