HYGS - Hydrogenics Corporation

NasdaqGM - NasdaqGM Real Time Price. Currency in USD
14.90
-0.01 (-0.03%)
As of 3:18PM EDT. Market open.
Stock chart is not supported by your current browser
Previous Close14.91
Open14.90
Bid14.90 x 800
Ask14.91 x 800
Day's Range14.89 - 14.92
52 Week Range3.80 - 16.50
Volume202,674
Avg. Volume217,069
Market Cap282.797M
Beta (3Y Monthly)0.26
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Trade prices are not sourced from all markets
  • Don’t Believe the Hype Powering PLUG Stock Price
    InvestorPlace3 days ago

    Don’t Believe the Hype Powering PLUG Stock Price

    Plug Power (NASDAQ:PLUG) stock has performed well year-to-date. The hydrogen fuel cell company has seen its shares soar from $1.24 in January to $2.30 today. Despite the company's many issues (no profitability, dilutive capital structure), investors have high expectations for the company's future prospects.Source: Shutterstock But is PLUG stock a buy?Plug Power talks a good game, but has yet to show tangible results. The company's hype could burn investors if actual results fail to meet expectations.InvestorPlace - Stock Market News, Stock Advice & Trading Tips High Expectations for Q2According to their June 26, 2019 press release, Plug Power is "on pace for the largest second quarter in company history." Plug Power states that fuel cell deployments are set to increase "70% from the second year prior quarter." Sales are "on target to meet full year guidance of $235 to $245 million in gross billings," with "positive adjusted EBITDA" for 2019. * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip This is in stark contrast to results from last quarter. In Q1 2019, gross billings were only $22.8 million. Operating cash flows were at $36.3 million. Inventory was up year over year (YoY) from $47.9 million to $65.5 million.The company claims Q1 results are the product of "end of quarter project timing around revenue recognition." Plug Power also notes the seasonality of their business, with two-thirds of sales occurring in the second half of the year.The company's hype of earnings more than a month prior to their release (early August) is a red flag. Speculation, not tangible results, is the current driver of the PLUG stock price. PLUG Stock Investors Have Bought the HypeThe key catalyst for the stock is new product development. Investors have bid up the PLUG stock price, expecting these new innovations to move the needle.Prior to the company's launch of ProGen, the company focused on the materials-handling business. Plug Power's GenDrive line of products provide fuel cells to power forklifts.But with the launch of the ProGen line, investors expect Plug Power to enter an even bigger market: delivery trucks. Plug Power has inked a deal with European electric vehicle maker StreetScooter to provide fuel cell engines for 100 of their vehicles.There's an even bigger potential catalyst that could move the PLUG stock price. There is some speculation that Plug Power could win big if Amazon (NASDAQ:AMZN) decides to purchase ProGen fuel cell engines in conjunction with bringing logistics in-house.As Plug Power's second-largest customer, Amazon already has an involvement with Plug Power. In 2017, Amazon received warrants to buy up to 55.28 million shares of Plug Power stock, in conjunction with Amazon's purchase of GenDrive products for their warehouse operations.But does this equal future Amazon involvement? With the warrants, Amazon has a clear financial incentive to buy fuel cells from Plug Power. But with announced deal, the Amazon rumors remain speculation. Valuation: PLUG Is in Line With PeersPlug Power's main publicly-traded competitors are Ballard Power Systems (NASDAQ:BLDP), and Hydrogenics Corporation (NASDAQ:HYGS). Neither Plug Power nor its competitors generate net earnings, so other sales metrics are needed to do a comparison.Looking at the enterprise value to sales metric (EV/sales), PLUG appears to be fairly valued. The TTM EV/sales ratio for PLUG is 4.82, lower than both BLDP (8.98) and HYGS (8.07).Unlike its competitors, PLUG has shown YoY sales growth (about 50%). BLDP and HYGS have seen sales declines of 22% and 28.8%, respectively. Plug's Capital Structure Could Lead to Shareholder DilutionAccording to Plug Power's last 10-Q filing, the company had 245.4 million outstanding shares. But add in 21.1 million outstanding stock options, 2.37 million restricted shares, 115.8 million warrants, preferred stock convertible into 17.9 million shares, and senior notes convertible into 43.63 million shares, and the number of "dilutive potential common shares" is 200.87 million. This increases share count by about 82%.If Plug Power reaches profitability, the dilutive capital structure minimizes potential upside. Investors should keep this in mind before buying PLUG stock. Bottom Line: Plug Stock More Hype Than OpportunityFuel cell technology will likely remain a niche product, but may gain heavy market share in delivery fleets. This trend could add fuel to the PLUG stock price.Plug Power is moving in the right direction by targeting the electric delivery vehicle market, but needs capital to turn this strategy into profits. The company's capital structure is already potentially dilutive. Future capital infusions could further reduce potential upside for PLUG common stock holders.Investors have bid up Plug Power stock on high growth expectations. But with lack of tangible performance results until August, Plug Power is not a buy today.On the other hand, investors should be cautious trading around Plug Power stock. Given the company's small size (market cap of $569 million), any crumb of "good news" could send PLUG stock price higher.It's tough to "predict the unpredictable." With Plug Power, there are too many questions, and not enough answers.As of this writing, Thomas Niel did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post Don't Believe the Hype Powering PLUG Stock Price appeared first on InvestorPlace.

  • Benzinga9 days ago

    Cummins Announces 15 Percent Increase To Dividend

    Cummins Inc. (NYSE: CMI) announced that its board of directors has approved a 15 percent increase to its normal quarterly cash dividend. "We have raised our quarterly dividend in each of the last 10 years, resulting in a 649 percent increase since 2009. The consistent increase in our dividend, through economic cycles, reflects confidence in our long-term performance and reinforces our commitment to delivering strong returns to shareholders," said Tom Linebarger, Chairman and Chief Executive Officer.

  • Market Sentiment Around Loss-Making Hydrogenics Corporation (NASDAQ:HYGS)
    Simply Wall St.2 months ago

    Market Sentiment Around Loss-Making Hydrogenics Corporation (NASDAQ:HYGS)

    Hydrogenics Corporation's (NASDAQ:HYGS): Hydrogenics Corporation, together with its subsidiaries, designs, develops...

  • Thomson Reuters StreetEvents2 months ago

    Edited Transcript of HYG.TO earnings conference call or presentation 14-May-19 5:00pm GMT

    Q1 2019 Hydrogenics Corp Earnings Call

  • Hydrogenics (HYGS) Reports Q1 Loss, Lags Revenue Estimates
    Zacks2 months ago

    Hydrogenics (HYGS) Reports Q1 Loss, Lags Revenue Estimates

    Hydrogenics (HYGS) delivered earnings and revenue surprises of -15.38% and -15.35%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Associated Press2 months ago

    Hydrogenics: 1Q Earnings Snapshot

    On a per-share basis, the Mississauga, Ontario-based company said it had a loss of 15 cents. The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment ...

  • Benzinga2 months ago

    Q1 Earnings Outlook For Hydrogenics

    Hydrogenics (NASDAQ: HYGS ) releases its next round of earnings this Tuesday, May 14. Here's Benzinga's essential guide to Hydrogenics first-quarter earnings report. Earnings and Revenue Analysts covering ...

  • Will Hydrogenics (HYGS) Report Negative Earnings Next Week? What You Should Know
    Zacks2 months ago

    Will Hydrogenics (HYGS) Report Negative Earnings Next Week? What You Should Know

    Hydrogenics (HYGS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • What Kind Of Share Price Volatility Should You Expect For Hydrogenics Corporation (NASDAQ:HYGS)?
    Simply Wall St.3 months ago

    What Kind Of Share Price Volatility Should You Expect For Hydrogenics Corporation (NASDAQ:HYGS)?

    Anyone researching Hydrogenics Corporation (NASDAQ:HYGS) might want to consider the historical volatility of the share price. Modern finance theory considers volatility to be a measure of risk, and there are two main types of price...

  • Thomson Reuters StreetEvents4 months ago

    Edited Transcript of HYG.TO earnings conference call or presentation 15-Mar-19 2:00pm GMT

    Q4 2018 Hydrogenics Corp Earnings Call

  • Associated Press4 months ago

    Hydrogenics: 4Q Earnings Snapshot

    The Mississauga, Ontario-based company said it had a loss of 20 cents per share. The results matched Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research ...

  • Simply Wall St.7 months ago

    Should You Worry About Hydrogenics Corporation’s (NASDAQ:HYGS) CEO Pay?

    Daryl C. Wilson has been the CEO of Hydrogenics Corporation (NASDAQ:HYGS) since 2006. This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of Read More...

  • Thomson Reuters StreetEvents8 months ago

    Edited Transcript of HYG.TO earnings conference call or presentation 2-Nov-18 2:00pm GMT

    Q3 2018 Hydrogenics Corp Earnings Call

  • Simply Wall St.8 months ago

    Do Directors Own Hydrogenics Corporation (NASDAQ:HYGS) Shares?

    The big shareholder groups in Hydrogenics Corporation (NASDAQ:HYGS) have power over the company. Institutions often own shares in more established companies, while it’s not unusual to see insiders own a Read More...

  • Hydrogenics (HYGS) Reports Q3 Loss, Lags Revenue Estimates
    Zacks9 months ago

    Hydrogenics (HYGS) Reports Q3 Loss, Lags Revenue Estimates

    Hydrogenics (HYGS) delivered earnings and revenue surprises of -214.29% and -44.26%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?

  • Associated Press9 months ago

    Hydrogenics: 3Q Earnings Snapshot

    The Mississauga, Ontario-based company said it had a loss of 22 cents per share. The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment ...

  • Thomson Reuters StreetEvents11 months ago

    Edited Transcript of HYG.TO earnings conference call or presentation 2-Aug-18 2:00pm GMT

    Q2 2018 Hydrogenics Corp Earnings Call

  • Hydrogenics (HYGS) Reports Q2 Loss, Misses Revenue Estimates
    Zackslast year

    Hydrogenics (HYGS) Reports Q2 Loss, Misses Revenue Estimates

    Hydrogenics (HYGS) delivered earnings and revenue surprises of -158.33% and -28.55%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?

  • Associated Presslast year

    Hydrogenics: 2Q Earnings Snapshot

    The Mississauga, Ontario-based company said it had a loss of 31 cents per share. The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research ...