Plug Power Inc. (PLUG) is scheduled to release first-quarter 2024 results on May 9, 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 48.2%, on average.Let’s see how things have shaped up for Plug Power this earnings season.Factors to NoteRevenues from fuel delivered to customers and related equipment are expected to have benefited from an increase in the number of sites ...

Plug Power (NASDAQ:PLUG) stock, once a frontrunner in the hydrogen fuel cell industry, has experienced a significant decline in its share price in recent years. The company has declined in value by 47% YTD, while also declining by more than 90% in the last 3 years. Despite investor enthusiasm, the company faces headwinds that may impact the share price. Key factors include financial conditions, infrastructure slowdown, and growing operating losses. Investors should sell the stock ASAP due to anticipated pai ...

LATHAM, N.Y., May 03, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, announced the signing of a memorandum of understanding (MOU) with Allied Green Ammonia (AGA), an Australian Company focused on green ammonia production, to supply up to 3 gigawatts (GW) of Plug electrolyzer capacity for AGA's upcoming hydrogen to ammonia facility proposed for the Northern Territory of Australia. Following the MOU, Plug and AGA plan ...

Wall Street continues to dislike Plug Power (NASDAQ:PLUG) because it is losing large amounts of money, and the Street has little or no tolerance for such companies because interest rates are high. Moreover, many of those who believe that higher-for-longer rates will inevitably doom such firms are selling short the shares of companies like Plug Power. They view such names as easy targets.And yet, the longer-term outlook of Plug Power stock remains positive, driven by the continued, relatively rapid progress ...

Plug Power Inc (NASDAQ: PLUG) is in the green at writing after announcing new cryogenic equipment supply agreements with unnamed companies. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Here’s what it means for Plug Power stockCopy link to sectionThe $1.60 billion company based out of Latham, New York will supply a total of five cryogenic trailers for the transport of nitrogen, argon, oxygen and other industrial gases to a party in Canada.  Deliveri ...

Green hydrogen was once a highly sought-after space, with Plug Power (NASDAQ:PLUG) being seen as a key beneficiary of ramped-up government spending on clean energy. Lately though, while there has been some progress on this front, investors have mostly been in selling mode when it comes to this green energy stock. In fact, shares of PLUG stock have plunged nearly 50% on a year-to-date (YTD) basis alone.That said, PLUG stock is on the move higher today, surging more than 2% in the afternoon session. This move ...

LATHAM, N.Y., May 01, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, secured the first international safety and performance certification in Korea for electrolyzer manufacturing, enabling the commercial sale of Plug electrolyzer systems in the Korean market. This achievement was completed through Plug's collaboration with SK E&S in the form of SK Plug HyVerse, a joint venture aimed at advancing the hydrogen sector w ...

Learn why Citigroup's Vikram Bagri thinks Plug Power stock is a clear sell right now.Analysts can't seem to agree on Plug Power (PLUG 1.26%) stock. According to data compiled by FactSet, some analysts believe shares are worth $18 apiece, while others believe they're worth as little as $2. One of the biggest bears right now is Citigroup's Vikram Bagri, the analyst with a $2 price target. Why is Bagri so down on Plug Power stock? He recently listed four reasons he believes shares are a "sell." 4 reasons Bagri ...

The little hydrogen fuel cell maker still has a lot to prove.Plug Power (PLUG 1.26%), a developer of hydrogen fuel cell systems, was one of the biggest boom and bust stories of the dot-com bubble more than two decades ago. The company went public at a reverse split-adjusted price of $150 per share on Oct. 29, 1999, and its stock soared nearly tenfold to its record high of $1,498 on Mar. 10, 2000.But today, Plug's stock trades at about $2 a share. A $10,000 investment in its IPO would only be worth $160 toda ...

The latest trading session saw Plug Power (PLUG) ending at $2.41, denoting a +1.26% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a gain of 1.02% for the day. Meanwhile, the Dow gained 0.4%, and the Nasdaq, a tech-heavy index, added 2.03%.Prior to today's trading, shares of the alternative energy company had lost 30.81% over the past month. This has lagged the Industrial Products sector's loss of 3.17% and the S&P 500's loss of 3.15% in that time.The upcoming earning ...