|Bid||0.00 x 800|
|Ask||14.50 x 900|
|Day's Range||13.01 - 14.32|
|52 Week Range||0.42 - 38.00|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||20.50|
This is the sort of news that the market has seen so regularly now that it was used for some quick scalping in hopes there will be another such setup very soon. If you have been riding this market uptrend, the deal news was a good opportunity for a little scalping in some of the names that have become a bit frothy in the last couple days.
For some 20 years now, Plug Power (NASDAQ:PLUG) has been one of the most frustrating stocks in the market. Plug Power stock never has been able to drive sustained, consistent upside for its shareholders. Yet PLUG stock repeatedly has teased those investors with big news.In 2017, it was a supposedly transformative deal with Amazon.com (NASDAQ:AMZN). In late 2013, it was a huge burst in orders after an investment by Air Liquide (OTCMKTS:AIQUY) that moved PLUG stock from close to zero to over $5 in a matter of months. Back in 2009, Plug Power stock touched $12 (on a split-adjusted basis). Back at the height of the dot-com bubble, it cleared $1,000.All along, Plug Power's management has promised that the company is close to finally generating positive EBITDAS. (EBITDAS is earnings before interest, taxes, depreciation, amortization, and stock-based compensation.) Each time, Plug Power seems to fall short. Simply put, PLUG is a stock that's supposedly been just a year or two away for two decades.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Financial Stocks With Accelerating Growth And yet there are reasons why investors keep investing in Plug Power stock. The company has an impressive customer list. The hydrogen fuel-cell technology that powers its forklifts is proven. Profits have been difficult to come by for PLUG, but its revenue is growing. While PLUG's two-decade history makes it difficult to aggressively pound the table for Plug Power stock, its story isn't over quite yet. Plug Power Stock Spikes Ahead of a Big YearAs broad markets sold off in December, Plug Power stock unsurprisingly fell sharply. PLUG, in fact, lost about 40% of its value in just the first few weeks of that month. A "risk-off" market wanted no part of a money-losing small-cap name like PLUG.With sentiment towards stocks improving, Plug Power stock has recovered. And the stock last Thursday bounced 19.3%. The reason for the move remains unclear, but a spike in volume to more than three times the 90-day trailing average suggests a large order might have come through.The bounce comes a couple of weeks before the company's fourth-quarter earnings report, which is likely to be released during the second week of March. Last month, the company provided a business update, estimating that its top line surged 40% in 2018 and will jump roughly 30% this year.Perhaps more notably, Plug Power estimated that its EBITDAS would be positive in 2019. That's a long-held goal of Plug Power. Sustainable profits - even excluding certain items - would allow the company to stop issuing more shares of PLUG stock to fund its operations. And it would perhaps give the market confidence that - finally - Plug Power has found a way to generate sustainable profits. The Risks Facing Plug Power StockThat said, PLUG is facing multiple risks that need to be considered. PLUG may seem "cheap" below $2, but it's anything but cheap. This still is a business that's valued at around $450 million, including its net debt. That's almost double the company's 2019 revenue guidance for a business whose gross margins are still small.As for profitability, CEO Andy Marsh has been promising break-even EBITDAS - or something close to that - for most of the decade. Investors would be forgiven for being skeptical about the company's 2019 guidance. PLUG truly is a "show me" story at this point.From a broader standpoint, the key question is simple: does PLUG really have a viable business? Its revenues have grown sharply lately. Plug Power has some big customers, including Amazon, Walmart (NYSE:WMT) (which also has warrants on PLUG stock), and Procter & Gamble (NYSE:PG). But the market for forklifts simply may not be large enough. And the company's promises to move into adjacent areas, such as hydrogen-powered drones, can't be trusted just yet.In the meantime, developments in energy technology could undercut Plug Power as it tries to become profitable. Analyst Craig Irwin of Roth Capital noted last month that Walmart could use lithium-ion lift trucks. Bloom Energy (NYSE:BE) operates in a different space, but its natural gas-based technology theoretically could be incorporated into forklifts. PLUG May Still Deliver a High RewardIt's not over for PLUG, by any means. And if the company can finally get to where it's promised to go, Plug Power stock can rally.But PLUG still has major issues, and the valuation of Plug Power isn't that cheap, while its execution has been disappointing. Maybe this time is different, it will have to be for PLUG to rise meaningfully.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Hot Stocks Leading the Market's Blitz Higher * 7 Strong Buy Stocks With Over 20% Upside * 5 Growthy Stocks Trading Below 15X Earnings Compare Brokers The post Is This Time Different for Plug Power Stock? appeared first on InvestorPlace.
The San Jose Sharks showcased the future of clean, reliable, always on electricity in the National Hockey League (NHL) when they hosted the NHL All-Star Game in late January. The mid-season classic was hosted at the Sharks’ home, SAP Center at San Jose, which is powered by high tech fuel cells supplied by Bloom Energy. Bloom Energy Servers have the highest delivered electrical efficiency of any commercially available electric power generation system in the world.
On a per-share basis, the Sunnyvale, California-based company said it had a loss of 91 cents. Losses, adjusted for one-time gains and costs, were 12 cents per share. The results beat Wall Street expectations. ...
Shares of Bloom Energy Corp. fell more than 3% in the extended session Tuesday after the clean-energy company reported a narrower-than-expected adjusted quarterly loss, but returned to even after an optimistic annual forecast. Bloom Energy said it lost $99.8 million, or 91 cents a share, in the quarter, compared with a loss of $67.8 million, or $6.56 a share, a year ago. Adjusted for one-time items, Bloom Energy lost 12 cents a share, compared with a loss of 55 cents a share a year ago. Revenue rose to $214 million in the quarter, from $123 million a year ago. Analysts polled by FactSet had expected the company to report an adjusted loss of 18 cents a share on sales of $207 million. While shares dropped after the numbers were released, they rebounded to even in after-hours trading following Chief Executive KR Sridhar said on a conference call that Bloom expects "to see revenue growth in the mid-20 percentage points year-over-year" in 2019. Analysts had been modeling revenue growth of less than 15% in 2019, according to FactSet. As of 6:30 Eastern time, Bloom stock was showing slight gains.
Bloom Energy Corporation (BE) today announced financial results for the fourth quarter and full year ended December 31, 2018. Bloom Energy will hold a conference call today to discuss results. In addition, the Company announced that it would hold its 2019 Annual Stockholders Meeting at 11 a.m. Pacific Time May 9, 2019 at the Courtyard by Marriott located at 111 Holger Way, San Jose, CA.
SK D&D, the real estate and renewable energy development arm of SK Group, the third largest conglomerate in Korea, and Bloom Energy Corporation announced today a new distributorship agreement for the direct supply of Bloom Energy fuel cells for projects developed by SK D&D.
Plenty of eyes will be focused on how this fuel cell leader fared in the fourth quarter, but what will they be looking for?
Does the January share price for Bloom Energy Corporation (NYSE:BE) reflect it's really worth? Today, I will calculate the stock's intrinsic value by taking the expected future cash flows and Read More...
SK E&C, the Engineering & Construction arm of SK Group, the third largest conglomerate in Korea, and Bloom Energy Corporation (BE) today announced they have won three contracts to supply Bloom Energy Servers in Korea. The wins quickly follow a mid-November 2018 agreement by which SK E&C became Bloom Energy’s distributor in the country. It also builds upon the partnership that delivered a utility scale project into commercial operation in Bundang, Korea last year.
Between a short seller's report and a company coming up short of expectations, there were a variety of reasons why investors were less than charged up about fuel cell stocks last year.
Most stocks from last year's class of Bay Area IPO companies ended the year in positive territory, with 23 of them closing 2018 above their IPO offering prices. Here's a look at all of them, as Wall Street volatility threatens the planned 2019 IPOs of a number of the most closely watched startups.
Four times as many new unicorns from the Bay Area got to their first $1 billion valuations this year than the number that exited through an IPO or sale. Here's a look at all 32 of them.
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On the other hand, we'd be remiss not to mention Read More...
Bloom Energy is helping Partners HealthCare, one of the nation’s leading integrated health systems, founded by Massachusetts General Hospital and Brigham and Women’s Hospital, to boost its readiness for future winter storms with new on-site, fuel cell-based electric power systems. Massachusetts suffered more than 100 outages to its electric power grid in 2017, lasting 55 hours in total, according to the Eaton Blackout Tracker. Following a recent review of the vulnerability of its facilities to storms, floods and other outages, Partners made the decision to continue increasing reliability at its facilities’ by deploying 4.1 megawatts of fuel cell-based energy systems from Bloom Energy at locations throughout Massachusetts.