Plug Power had a GAAP loss of 35 cents a share, nearly a dime below the consensus. The company posted its first quarter numbers on May 9th. The stock currently trades just under $13.00 a share and sports a market capitalization of just north of $7 billion. The company bills itself as the " leading provider of comprehensive hydrogen fuel cell (HFC) turnkey solutions." Some of its key customers include Amazon ( AMZN), BMW, and Walmart ( WMT). It provides various hydrogen-based products such as mobile cryogenic solutions, hydrogen liquefiers, and electrolyzer hydrogen production products. Plug Power also supplies hydrogen fuel cell backup power solutions. Products include its ProGen engines supporting light, medium, and heavy-duty electric vehicles as well as fuel cell solutions that can power forklifts and other warehouse machinery. This includes supply chain and logistics applications, on-road electric vehicles as well as the stationary power market. The company delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions to a variety of end clients. Oversold or falling knife? An analysis of Plug Power follows below. The stock has lost some 80% of its value from its all-time highs early in 2021. Its shares are heavily shorted even as there is little insider activity in the shares. This alt-energy concern seems to have become a "battleground stock" in the analyst firm community. ( NASDAQ: PLUG ) in the spotlight for the first time. Power is only given to those who are prepared to lower themselves to pick it up." - Ragnar Lothbrok. It corrupts the best and attracts the worst.
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