2.4400 +0.04 (1.67%)
After hours: 5:01PM EDT
|Bid||2.3800 x 36200|
|Ask||2.3900 x 38800|
|Day's Range||2.3500 - 2.5900|
|52 Week Range||0.9900 - 2.8700|
|Beta (3Y Monthly)||0.97|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 7, 2019 - Aug 12, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.04|
In early May, I addressed whether investors should buy or sell Plug Power (NASDAQ:PLUG) before it released first-quarter results. Through the first four months of 2019, PLUG stock had doubled in price. That left those who bought at the end of 2018 with a difficult choice.I concluded that if you bought Plug Power stock for a long-term hold of three to five years, you should hold through earnings. If shares dropped by a significant amount, the volatility would offer a discounted opportunity.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe day of the article, the PLUG stock price closed at $2.46 a share. On May 8, it announced less-than-stellar earnings that sent shares down as low as $2.16 the next day. However, it has since recovered all of those losses and then some.That's good news.The bad news is that I no longer feel comfortable recommending Plug Power stock to anyone but speculators. Here's why: The Q1 2019 Earnings Report Wasn't GoodIn the first quarter, Plug Power saw revenues decline by 30% year-over-year to $18.6 million. The company has five items included in total revenue. * 7 Stocks to Buy for the Coming Recession In Q1 2019, the sale of fuel-cell systems was less than half what it was a year earlier; it had no sales of hydrogen installations compared to $4.6 million a year earlier. The company's revenues are highly variable and tough to predict.Analysts expected revenue of $34.5 million. If the professionals missed by almost $16 million, how can regular investors possibly think they've got an edge on them? I don't think they do, which makes Plug Power stock especially treacherous. The Earnings Report is a Tough ReadPlug Power CEO Andy Marsh blamed the poor results on sales that closed after the end of Q1. The company's quarterly press release stated:While gross billings were down year over year in what is our seasonally lowest quarter, it is important to note that these numbers were negatively impacted by end of quarter project timing around revenue recognition. This is reflected in our higher quarter end inventory balance of $65.5M compared to quarter-end inventory of $47.9M in Q4 2018.It went on to say that the timing affected gross billings by $10 million. If you add those back, Plug Power increased gross billings by 15.9% in Q1. In Q2, it expects gross billings to grow by more than 100% from $22.8 million in the first quarter.As a company, I believe Plug Power's got tremendous potential. However, unless you're very good at handling volatility in earnings and sales, the company's revenue model is too darn complicated. It also lends to an unpredictable profile for the PLUG stock price longer term.For example, the sale of power purchase agreements (PPAs) and services are recognized as revenue over five to seven years. That means the variability in its revenues -- these two line items accounted for 59% of Q1 2019 sales -- will never go away. It Doesn't Make MoneyAs I stated in early May, although Plug Power isn't profitable, it's getting closer on a non-GAAP basis.In Q1, its adjusted EBITDA loss was $6.7 million, 33.5% lower than in the same quarter a year earlier. In fiscal 2018, Plug Power's adjusted EBITDA loss was $17.5 million, 46.7% lower than in 2017.That's all very good, but you can't pay your bills with almost making money. You either are, or you're not.For investors who are using tax-deferred or tax-free accounts to invest in Plug Power stock, you're making a critical mistake. That's because if you take a loss on PLUG shares, you can't utilize the capital loss against other gains.Therefore, it makes sense to limit your retirement accounts to companies that at least make money. The Bottom Line on PLUG StockPlug Power is doing some fantastic things. That's why companies like Amazon (NASDAQ:AMZN) and Walmart (NYSE:WMT) are buying a ton of product from them. If you must own PLUG stock within a retirement account, I'd do it through Amazon. If you're an aggressive investor accustomed to risk, I'd continue to buy it whenever it drops below $2.25.Long-term, I think it will make money, but we won't know for sure until it does. For now, PLUG stock is simply a vehicle for the speculators.At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for the Coming Recession * 10 Smart Dividend Stocks for the Rest of the Year * 5 Tech Stocks That Are Far Too Risky Right Now Compare Brokers The post PLUG Stock Has Great Potential, But That Wonat Pay the Bills appeared first on InvestorPlace.
EnergyOr is an expert in developing fuel cells for robotics, small-scale material handling and aerospace industries. The acquisition will let Plug integrate small, ultralightweight fuel cell technology into its portfolio of fuel cell products.
Plug Power Inc. (PLUG), a leading provider of hydrogen engines and fueling solutions enabling e-mobility, today announced the acquisition of EnergyOr’s technology, assets, and personnel. EnergyOr is based in Montreal, Canada, and is the leader in advanced lightweight and compact PEM hydrogen fuel cell (HFC) systems for robotics, small scale material handling and aerospace applications. The purchase of EnergyOr’s assets allows Plug Power to integrate small, ultralightweight fuel cell technology into its already robust portfolio of ProGen hydrogen fuel cell engines in a capital efficient manner. This acquisition facilitates the adoption of more powerful, viable, and clean technology solutions for both commercial and military applications that necessitate lightweight fuel cell systems.
Reading the headlines about climate change and the increasing pressure to drastically cut back on greenhouse gas emissions can be depressing. But that's not true for those who are associated with Plug Power (NADAQ:PLUG) or who happen to own PLUG stock.Electric-vehicle sales are rapidly growing, but consumer-grade, plug-in EV technology like that used by Tesla (NASDAQ:TSLA) doesn't cut it in the commercial world. That leaves a big hole for fleets of commercial vehicles that are under pressure to switch to zero emissions, but don't have hours to wait while a battery recharges. * 10 Stocks to Buy That Could Be Takeover Targets With its bet on hydrogen-fuel cell (FCV) technology, Plug Power is positioned to be the biggest player in that market. Even more enticing for the owners or prospective owners of Plug Power stock, the company's FCV technology has the potential to make an even bigger leap. Specifically, it could become mainstream in the consumer automotive world.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Why FCV Could Ultimately Trump Plug-in ElectricTo understand Plug Power's potential and the case that PLUG stock has real upside, it's important to understand the technology. Plug Power develops hydrogen fuel cell systems for electric vehicles. The motors of these vehicles are still electric, and they're still considered zero-emission vehicles. But instead of a plug-in battery, they use a refillable hydrogen fuel cell.The big advantage of battery-powered electric cars like those made by Tesla is they can be plugged in at home by consumers. Compared to gasoline, electricity is cheap. And because battery-powered cars got a significant head start versus fuel cells in the consumer space, there is a well-established network of electric charging stations across the country.The big advantage of FCV technology is that range anxiety -- the bane of electric car owners -- is not an issue. A vehicle equipped with a hydrogen engine like the one developed by Plug Power can travel for 300 miles on one tank, and it can be fully refueled in just three minutes. In comparison, an electric car can take hours to fully charge.So why aren't FCV-powered cars everywhere, with Plug Power stock at stratospheric heights? The big problems are infrastructure and fuel cost. Tesla and other battery-powered electric cars are able to appeal to consumers with the extremely cheap cost of electricity. A hydrogen-powered electric vehicle, on the other hand, costs around the same to fuel as a traditional car.The other issue is refuelling infrastructure. Tesla has been rapidly building out a national charging infrastructure for its cars, with a 5-station Supercharger going for around $250K. A single hydrogen pump can cost six times that. And while consumers can charge their electric car battery at home, they can't afford to install hydrogen pumps. Analysts' ViewsReports from research firms KPMG and McKinsey point to a rosy future for FCV companies like Plug Power, if they can weather the plug-in electric onslaught. KPMG's 2018 report which surveyed auto industry executives stated that hydro fuel cell vehicles have begun replacing battery-powered electric vehicles. as the sector's top trend The McKinsey report predicts that by 2050, FCV technology could power a global fleet consisting of over 400 million cars, in addition to commercial fleets of 15 to 20 million trucks and 5 million buses. PLUG stock price is primarily based on the company's current applications and commercial customers. PLUG has focused on forklifts, but has recently begun providing engines for delivery trucks. Both forklifts and delivery trucks can return to a central depot where they can be refueled with hydrogen.In July, PLUG is launching a new ProGen 30kW engine aimed at fleets of delivery trucks. And if the technology can beat battery-powered electric vehicles in that market, the company will have a shot at consumer vehicles. There are obstacles to overcome, including the lack of cheap refueling options and the need for public infrastructure, But if all the pieces fall into place, PLUG stock can rise tremendously. PLUG Power Stock Has Had a Rough Road, But… Plug Power stock started trading at $119.38 in 1998. PLUG stock price peaked near an astounding $1,500 in 2000, then began a two-decade collapse. In 2019, PLUG stock price began a slow recovery that brings it to today's $2.54.PLUG's decisiuon to go all-in on hydrogen fuel cell technology has led to a bumpy road for Plug Power stock. Tesla CEO Elon Musk has publicly mocked FCV, calling it "mind-bogglingly stupid," "incredibly dumb" and "fools cells." If he's wrong and Plug Power is able to expand into commercial delivery fleets -- and possibly even push its FCV technology into the automotive mainstream -- then today's PLUG stock price may turn out to be the bargain of the century.As of this writing, Brad Moon did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 4 FANG Stocks Won't Be Bitten By Regulation Threats * 10 Stocks to Buy That Could Be Takeover Targets * 4 Big Bank Stocks Rebounding Compare Brokers The post Plug Power Stock Could Be a Bargain appeared first on InvestorPlace.
These 5 stocks have delivered jaw-dropping gains so far in 2019. Despite a volatile market, these are the tech stocks that have still managed to seriously outperform. We are talking returns of 70% + in just over five months. That’s as the tech-heavy Nasdaq index enters correction territory amid ongoing regulatory concerns for the FAANG stocks. But the question is, do these 5 tech stocks still make compelling investing opportunities right now? Here’s what the Street has to say… Trade Desk- 100.16%At the time of writing, shares in Trade Desk (TTD – Research Report) have doubled year-to-date. That’s with a 15% burst in the last five days. The online advertising marketplace received a boost on Tuesday following comments from Federal Reserve chairman Jerome Powell that he would consider lowering interest rates to ‘sustain the expansion' of the US economy. What’s more, Pivotal Research’s Mark Levine upped his price target on TTD from $255 to $265 on June 5. This new Street-high price target indicates further upside potential of 14%. Levine sees continued share gains for TTD relative to other DSPs (demand-side platforms), adding that regulatory scrutiny of Google is a net positive for Trade Desk. However other analysts are more cautious. Oppenheimer’s Brian Schwartz’s $210 price target indicates 10% downside from the current share price of. Nonetheless, the analyst, one of the Top 10 ranked by TipRanks, reiterated his buy rating on TTD post-strong Q1 results and a better 2019 outlook.Schwartz stated: “Bottom Line: We believe that the combination of higher growth and margins versus other leading software vendors and the perception of being more aggressive on new and modern platform technologies than the competition will allow TTD to sustain a premium valuation versus the software industry.”View TTD Price Target & Analyst Ratings Detail Shopify- 111% E-commerce platform Shopify (SHOP – Research Report) has seen shares explode by 111% year-to-date. The company reported stellar results for Q1, and robust guidance for the year prompting the ongoing rally. Even in the last month shares have continued to climb 10%. But now analysts are calling for investors to take a breather. Indeed, Morgan Stanley’s Brian Essex has just downgraded SHOP from Hold to Sell. That’s with a price target of just $209- which translates to 29% downside potential from current levels. The analyst is concerned that much of Shopify’s revenue is transaction-based rather than subscription-based. Unlike transaction-based revenue, subscription-based revenue is recurring and therefore much more reliable. According to the latest earnings results, subscriptions now make up 44% of SHOP revenue down from 47% in the previous quarter. “The durability and scale of subscription models is one reason SaaS vendors are able to command high multiples,” says Essex. “We do not think Shopify has the potential to reach the terminal operating margin potential of its enterprise SaaS peers.”View SHOP Price Target & Analyst Ratings Detail Snap- 136%Out of all the stocks covered here, camera company Snap Inc (SNAP – Research Report) has recorded the best year-to-date performance. SNAP investors have been rewarded for their faith with remarkable returns of 136%. For Q1, the company revealed stronger than expected daily active user growth (~4 million adds), expanding average revenue per user, and even reduced operating losses. However the stock also shows the most cautious outlook from the Street, with the clear majority of analysts rating SNAP a Hold. The message from the Street appears to be that the current valuation has now largely factored in the positives, while competition remains intense. JMP Securities analyst Ronald Josey explains why he is staying on the sidelines here: "While we believe there are several catalysts for Snap in 2019, we point to the now-launched rebuild of its Android app, greater engagement with Snap Games & Discover, and an improved AR experience, as Snap now reaches 90% of 13-24 year olds domestically, we maintain our Market Perform rating, as we focus on engagement rates (we project DAUs to decline sequentially in 2Q) and we note the potential risks around Snap’s sales force reorganization."View SNAP Price Target & Analyst Ratings Detail Plug Power- 105% Trading at under $5, Plug Power (PLUG – Research Report) makes an interesting investing proposition. The company develops hydrogen fuel cells that offer increased productivity and lower operating costs compared to traditional batteries. Despite doubling in share price over the last few months, analysts still see over 40% upside potential ahead. And that’s with a ‘Strong Buy’ consensus based on all ratings received by PLUG in the last three months. Christopher Van Horn of B Riley FBR is upbeat about the company’s expansion from mobile fuel cells to material handling and on-road applications like electrical vehicles. “Plug Power continues to see strengthening business trends in core material handling markets, as well as lateral opportunities in on-road applications” wrote the analyst.“More importantly, we believe PLUG should achieve—and sustain—operating profitability starting in 2H19, a long-term goal that is finally in sight. We reiterate our Buy rating and $3.50 PT: We believe the company is better positioned in its core material handling business than ever before.”View PLUG Price Target & Analyst Ratings Detail Lattice Semiconductor- 99%Also in the ‘Strong Buy’ camp comes Lattice Semiconductor (LSCC – Research Report). The company has just held a bullish analyst day that emphasized share gains of its FPGA solutions in key communications, computing, industrial, and automotive segments. FPGA stands for field-programmable gate array, which essentially means that the user programs the device rather than the designer- offering very high levels of flexibility. Following the event, five-star Cowen & Co analyst Matt Ramsay reiterated his buy rating and $16 price target (16% upside potential). The analyst stated "Strategically, there were few surprises at the analyst day, as we believe new CEO Jim Anderson has his team laser focused on Lattice's differentiation in the low-power/small footprint FPGA market… New target model of double digit revenue growth and 62%+ GM appears achievable, with cost optimization driving a clear path to $1 EPS power.”Ultimately, Ramsay concludes: “We continue to believe the combination of Lattice's differentiated FD-SOI technology, and its competitive positioning as the only FPGA provider focused on low-power edge processing should allow it to benefit from several powerful drivers of secular semiconductor content." View LSCC Price Target & Analyst Ratings Detail Discover more 'Strong Buy' stock ideas from top analysts here
Fuel-cell specialist Plug Power (NASDAQ:PLUG) has truly captured the market's imagination. After suffering a horrific loss last year -- which is not an uncommon occurrence, by the way -- the PLUG stock price has so far skyrocketed in 2019, more than doubling since the January openerOf course, the million-dollar question is: will this last? History suggests it won't. In fact, history suggests a hearty heck no! Plug Power stock is a much older investment than some younger investors may realize. Shares nearly hit $1,500 at one point during the tech boom and bubble of the early 2000s.InvestorPlace - Stock Market News, Stock Advice & Trading TipsToday, PLUG stock trades for under $3. A fancy latte (two pumps, please) from Starbucks (NASDAQ:SBUX) costs more than a single-share stake in Plug Power.That's part of the reason why my InvestorPlace colleague Will Healy urged readers to stay away from Plug Power stock. Financially, the underlying organization has shown very little substance to support its technological potential. And while the latter is compelling from a techie's perspective, better options, such as Bloom Energy (NYSE:BE) exist. * 7 Stocks to Sell Amid an Escalating Trade War That's a very reasonable take. But on the other hand, another one of my InvestorPlace colleagues, Vince Martin, proposed a possible bull case. Acknowledging the ugliness in the financials, Martin references a common criticism about Plug Power stock: the lack of meaningful catalysts.Here, Martin offers the underappreciated contrarian view: Plug Power actually does have meaningful catalysts. For one, the company secured a major deal with Amazon (NASDAQ:AMZN) two years ago. Later, stalwarts Walmart (NYSE:WMT) and Procter & Gamble (NYSE:PG) jumped onboard. Plug is also testing fuel-cell powered forklifts with FedEx (NYSE:FDX).That should provide confidence toward PLUG stock, right? Fundamentals Don't Align with PLUG StockIf we were talking about any other company or perhaps any other industry, I would consider jumping on the opportunity. However, I'm hesitant. A major reason why is that the fundamentals don't really align with the technicals.For instance, Martin mentioned that the Amazon deal doubled the PLUG stock price in 2017. Yet after a year and a half, those gains evaporated. During that time, PLUG made other deals which in hindsight only temporarily supported shares.Here's another example to chew on. Just recently, the fuel-cell specialist partnered with German electric-vehicle manufacturer StreetScooter. Under the terms of their agreement, StreetScooter will provide international courier DHL with 100 hydrogen fuel-cell powered trucks. Intriguingly, Plug Power will supply the engines in this deal.Unfortunately, Plug Power stock only received a temporary boost. It closed out a very modest session on Thursday and yesterday closed in the same place it was the day before the deal was announced.So what's going on? The DHL contract, along with partnerships with blue-chip companies should take shares decisively higher. But in this case, the technical sentiment is greatly outpacing fundamental realities.Let's go back to the FedEx deal. A year ago, Plug Power delivered its first fuel-cell electric van to FedEx. Since then, the courier has logged 17,500 miles using PLUG's EV engine.That seems very light. According to delivery-truck drivers, they average well over 100 miles a day. Traveling on business days throughout a one-year period, I'd expect FedEx to log significantly more than 20,000 miles. * 7 Bank Stocks to Leave in the Vault If I'm reading this data correctly, it appears that EVs just aren't as effective in large-scale transportation. The beauty about fossil-fueled technology is that you gas up and go. With EVs, it takes time to charge them. This practical barrier has prevented PLUG stock from taking off and sustaining that momentum. Plug Power Stock is a Gambler's PlayIndeed, the risk to the Plug Power stock price is the same as any other EV-related investment: the core market might be overrated as the technology stands now.Don't take my word for it. Instead, read the National Renewable Energy Laboratory's report on hybrid-electric delivery vans versus the conventional diesel variety. In summary, hybrid EV vans only performed marginally better than diesel trucks. Plus, in some metrics like reliability, the diesel trucks were superior.But here's the kicker: diesel trucks are relatively cheap and the current mainstream infrastructure supports them.In other words, Plug Power stock might be a transformative investment. But right now, it's too ahead of its time. The fundamentals need to catch up. But the problem is that the fundamentals might lag for a very long time.It's no wonder, then, that PLUG stock trades so wildly despite some positive headlines. As such, this is a gambler's play, and I'm just not that interested in gambling right now.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Sell Amid an Escalating Trade War * 5 REITs to Buy While They're Dirt Cheap * The Only 3 Marijuana Stocks You Need to Own Compare Brokers The post The PLUG Stock Price Is Trading Ahead of Its Fundamentals appeared first on InvestorPlace.
Plug Power announced its first major deal in the on-road delivery vehicles market, which the company figures has a long-term market opportunity of more than $100 billion.
You don’t have to pay three-digit sums to find compelling investing opportunities. It’s time to look outside the box at some cheap stocks top analysts are cheering right now. The best way to find these stocks is to use a screener, that way you can open up your investing horizon to a much wider stock pool.Here we used TipRanks’ Stock Screener to find these 5 cheap stocks. Essentially, we looked for 1) stocks with a ‘Strong Buy’ analyst consensus; 2) serious upside potential (i.e. over 20%). And on top of this each one of these stocks comes in at under $10. Note that the consensus is based on ratings from the last three months, so the outlook is pretty up to date. Plus we include top analyst analysis to show just why analysts believe these stocks are so undervalued right now.Let’s take a closer look: Syndax Pharmaceuticals Inc (SNDX – Research Report) Syndax Pharmaceuticals, Inc is a clinical-stage biopharma developing therapies for the treatment of cancer.The company offers significant rewards- but only for investors prepared to shoulder a hefty dose of risk. Shares could surge if the company’s Phase 3 trial of entinostat in metastatic breast cancer is positive. Indeed, Citigroup’s Joel Beatty says that such a catalyst could take shares all the way from $8 to $23. That suggests massive upside potential of 187%. However, the analyst also warns that should the data disappoint, shares could plunge to just $2 (75% downside potential). Look for the data to come in fall 2019 or spring 2020, says Beatty. In the meantime the analyst keeps a buy rating on shares. Encouragingly, the stock also scores a Strong Buy consensus from the Street. “Entinostat has received Breakthrough Therapy Designation in HR+ HER2- breast cancer patients, and we continue to believe that a positive OS assessment in E2112 could occur this year with a launch in 2021” writes HC Wainwright analyst Edward White. This five-star analyst has a $16 price target on shares (100% upside potential). That's just below the $19 average analyst price target. See what other Top Analysts are saying about SNDX. Turtle Beach Corp (HEAR – Research Report) Turtle Beach Corp is one of the leading gaming headset and audio accessory brand. Disappointing 2Q revenue guidance has weighed on shares recently, but it’s not game over for HEAR just yet.All five analysts covering the stock rate HEAR a ‘Buy.’ That’s with an average analyst price target of $23- indicating 150% upside potential from current levels. The best-rated analyst covering the stock is Oppenheimer’s Andrew Uerkwitz.He maintained his buy rating and $24 price target post-results. In a report on May 9 the analyst explained “With healthy fundamentals in video game market and integration of PC gaming accessories business (ROCCAT) well on track, we remain confident in management's ability to stay competitive and return to revenue growth in 2020.”As for the earnings report, the analyst explains that 2Q revenue guidance is lighter than expected, mostly due to order timing volatility in between quarters. However HEAR did reiterate 2019 revenues of $240-248M. “Over a two year basis, we believe Turtle Beach is outgrowing the competition and keeping its leading market share” he concludes. See what other Top Analysts are saying about HEAR. Pareteum Corp (TEUM – Research Report) Pareteum is a rapidly growing global cloud software communications platform. The company offers everything from voicemail and messaging services to data analytics and service fulfilment. Shares have exploded by 150% year-to-date following first-rate Q1 earnings results, and according to the analyst community plenty of upside lies ahead. This ‘Strong Buy’ stock scores 5 recent buy ratings, alongside an $8 average analyst price target (86% upside potential).Pareteum just hosted its first analyst day on May 28 in NYC. “We view this event as another sign of the further and rapid maturation of the company” cheers five-star Northland Securities analyst Michael Latimore. He has an $8.50 price target on shares. According to Latimore, Pareteum has a unique opportunity to be the cloud-based business and operations support system for agile mobile service providers. “TEUM is a top 2019 stock pick…. TEUM remains inexpensive still at only about 4x FY20 revenue v. comps at 10x” writes the analyst. See what other Top Analysts are saying about TEUM. Plug Power Inc (PLUG – Research Report) Plug Power develops cutting-edge fuel cells and hydrogen technologies that are more efficient than conventional batteries. Like Paretuem, PLUG has experienced a remarkable rally, with shares doubling year-to-date.Shares continued to move higher on May 29 following the announcement of an exciting new deal. Plug Power will now deliver hydrogen fuel cell engines to StreeScooter’s electric delivery vehicles. This ties into StreetScooter’s deal to initially deliver 100 hydrogen fuel cell-powered trucks for on-road use to Deutsche Post DHL starting in 2020. According to Plug Power this will provide increased drive time without the need for long charge hours.“We continue to be bullish on PLUG’s technology leadership position in mobile fuel cell applications and are encouraged by commentary about its expanding opportunity set in material handling and over-the-road applications” writes top-rated Oppenheimer analyst Colin Rusch. Four analysts have published buy ratings on PLUG in the last three months. Their average price target of $3.56 translates into upside potential of 37%. See what other Top Analysts are saying about PLUG. ViewRay, Inc. (VRAY – Research Report) Medical device company ViewRay is on a roll right now. The company just reported strong earnings results, and shares are up 47% year-to-date. Sean Lavin of BTIG praised the company’s current investment strategy, noting strong sales and steady sales progress. Indeed, gross orders came in an impressive $12 million above consensus. “This is especially important as it shows VRAY is winning new customers despite the recent competitive entrance from Elekta. While sales and orders can be difficult to predict on a quarterly basis, we believe this is an early sign that the new CEO’s strategy is working” wrote Lavin. The analyst concluded “since orders are likely most important to investors, we view this as a stellar report.”A similarly bullish perspective comes from Cantor Fitzgerald’s Craig Bijou. The analyst left a recent meeting with management "more bullish on the opportunity ahead” for ViewRay. Despite the rally in shares, he still sees ‘significant upside’ potential thanks to increased revenue and margin expansion.Notably, Bijou argues that management's goal to reduce the time from purchase order to revenue recognition could drive "meaningful upside" to Street numbers in 2020. Overall, five analysts have published buy ratings on VRAY in the last three months with an average price target of $13.40 (50% upside potential). See what other Top Analysts are saying about VRAY. Find your own ‘Strong Buy’ stocksHere we covered top stock picks currently trading for under $10. You can discover more compelling 'Strong Buy' stocks with the Top Analyst Stocks tool. This highlights the most promising stocks based on the latest recommendations from the Street's best-performing analysts. Go to Top Analysts Stocks Tool now.
This fuel-cell specialist moved farther down the road in its journey to bring its hydrogen solutions to the electric vehicle market.
Plug Power's (PLUG) ProGen fuel cell engines will enable StreetScooter to enhance a vehicle's drive time apart from boosting operational efficiency with sustainable and clean technology.
Plug Power Inc. (PLUG), a leading provider of hydrogen engines and fueling solutions enabling e-mobility, discusses details of its new StreetScooter sales agreement for ProGen hydrogen engines on video at https://youtu.be/Kd9JzECTgO0. On the broadcast, Plug Power’s CEO Andy Marsh outlines the impact this contract has for Plug Power’s entry into the on-road e-mobility market. The broadcast can also be accessed directly from the Plug Power homepage (www.plugpower.com), and will remain available online for a period of time.
This is the first major announcement that Plug has made regarding fuel cell-powered on-road vehicles in Europe. It's struck a similar deal in the U.S. with FedEx.
LATHAM, N.Y., May 28, 2019 (GLOBE NEWSWIRE) -- Plug Power Inc. (PLUG), a leading provider of hydrogen engines and fueling solutions enabling e-mobility, announced a new agreement with electric vehicle manufacturer StreetScooter. With this partnership, StreetScooter will initially deliver 100 hydrogen fuel cell-powered trucks for on-road use in series production to Deutsche Post DHL, starting in 2020.
Something really interesting has happened to Plug Power (NASDAQ:PLUG). And it's not just the fact that the PLUG stock price has doubled so far in 2019. More interestingly, investors actually seem to have started to trust Plug Power stock.After all, Plug Power's earnings earlier this month missed analysts' average estimates badly. And while the miss was driven in part by accounting vagaries, even aside from those, the quarter looked relatively weak. * 5 Safe Stocks to Buy This Summer After 20 years on the public markets, and a wealth of disappointment, one might think the PLUG stock price would plunge on that type of news. That's doubly true, given how important 2019 is to Plug Power stock. Plug Power's management has promised positive adjusted EBITDA this year, a long-awaited (emphasis on both "long" and "awaited") target for Plug Power. It hardly looked like Plug Power was off to a good start.InvestorPlace - Stock Market News, Stock Advice & Trading TipsPLUG stock price did drop briefly, but it rebounded quickly. In fact, it now trades where it did before the report. Investors are giving PLUG the benefit of the doubt, which history suggests is dangerous. Will this time finally be different? The Case Against Plug Power StockThe case against PLUG at the moment is reasonably simple: this is the ultimate "show-me" stock, and it hasn't shown enough. Its Q4 results were positive in one way, but incredible in another: as Bloomberg noted, the company generated positive adjusted EBITDA for the first time in 20 years.In, those two decades Plug Power stock has repeatedly disappointed investors. On a split-adjusted basis, the PLUG stock price touched $1,000 during the dot-com bubble. It hit just above $7 in 2011, and $6 in 2014. A major deal with Amazon.com (NASDAQ:AMZN) caused PLUG stock price to double in 2017, but the gains were gone within 18 months.Given PLUG's history, there seems at least a significant risk that the 100%+ rise in PLUG stock price this year is another head fake. The company is targeting positive adjusted EBITDA this year, but even its operating cash flow will likely come in negative. And while PLUG stock price might seem cheap at about $2.50, Plug Power stock isn't cheap. The stock trades at 2.5 times its billings guidance for this year and about two times analysts' consensus revenue estimates for next year.It is, as I wrote even when I recommended PLUG stock, the ultimate "this time is different" story. Given that, as the old adage goes, those are the four most dangerous words in investing. investors should be cautious at the very least. The Case for PLUGBut maybe, just maybe, this time is different. Amazon isn't the only key customer: Walmart (NYSE:WMT) and Procter & Gamble (NYSE:PG) are on board as well. Plug Power CEO Andy Marsh has teased additional announcements this year, and backed his predictions by personally buying Plug Power stock.A pilot test with FedEx (NYSE:FDX) means Plug Power could expand beyond forklifts. Its debt has been refinanced, and Plug Power has roughly $100 million in cash on its balance sheet.Meanwhile, PLUG has started to deliver on its promises. Marsh predicted positive adjusted EBITDA for the second half of 2018, and Plug Power did reach that goal. Its 2019 guidance was well above expectations, helping to bring about the recent rally of Plug Power stock.And PLUG's underlying business model has some value. There's a reason investors have been upbeat about its outlook, in various forms, for twenty years. Hydrogen fuel cells offer real promise , and the backing from Amazon and Walmart (both of whom own warrants on Plug Power stock) doesn't hurt as well.History might not be favorable for Plug Power stock, but at this point it's just that: history. A stock is based on the net present value of its future cash flow. Plug's future looks much brighter than it has in quite a while. Be Careful Out ThereGoing forward, the run of PLUG looks like it may have gone too far, too fast. There is a lot riding on its Q2 results; investors are not going to tolerate another miss. And as seen in December, Plug Power stock can fall quickly if macro worries arise.Still, PLUG has an intriguing story, and if Plug Power can deliver, PLUG stock price can rise by a large amount. Investors are starting to believe this time is different; if they're right, the rally will continue.As of this writing, Vince Martin has no positions in any securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Safe Stocks to Buy This Summer * The 5 Best Telecom Stocks to Buy Now * 6 Innovative Stocks With Big Long-Term Growth Potential Compare Brokers The post This Time Might Actually Be Different for Plug Power Stock appeared first on InvestorPlace.
Plug Power (NASDAQ:PLUG) has moved higher in recent months despite an earnings miss and continued losses. The Latham, New York-based maker of hydrogen fuel cells has struggled for years as its technology fights to gain mainstream acceptance. Although recent progress could justify a speculative position in Plug Power stock, the company may find itself eclipsed by a principal peer.Typically, an equity such as PLUG would not gain investor attention. However, its prospects improved in April 2017 when Amazon (NASDAQ:AMZN) agreed to buy $600 million worth of Plug Power's hydrogen fuel cells to power its forklifts.InvestorPlace - Stock Market News, Stock Advice & Trading TipsUnfortunately, since the announcement of that deal more than two years ago, Plug Power has seen little net growth. This is despite attracting business from Walmart (NYSE:WMT), GE (NYSE:GE), and other prominent customers. Moreover, the earnings miss for the first quarter intensified the selloff. * 6 Stocks to Buy for This Decade's Massive Megatrend Plug Power Stock and TechnologyPLUG stock has increased in value for most of the year as analysts forecasted a possible profit next year for its peer, Bloom Energy (NYSE:BE). Also, even though PLUG fell after earnings, it recovered the post-earnings loss quickly. Now, investors wonder if that move higher can continue.Still, Plug Power remains mired in losses. Also, most of its direct peers find themselves in the same market position. Both FuelCell Energy (NASDAQ:FCEL) and Ballard Power Systems (NASDAQ:BLDP) also remain money-losing penny stocks.Traders would likely forgive the losses if the market would more widely embrace fuel cells. However, consumers have instead bought the electric cars made by Tesla (NASDAQ:TSLA) and others.Tesla enjoys a marketing, production, and name recognition advantage. It also benefits from a considerable lead in both refueling stations and cars on the road.However, refueling has become the area where Plug Power and other fuel cell companies could compete with Tesla. Refueling with fuel cells occurs in fewer than 10 minutes. Tesla cars require more than an hour under the best of conditions. That would presumably play into the hands of Plug Power stock.Moreover, Tesla does not offer much of an advantage regarding production costs. In Japan, the Mirai made by Toyota (NYSE:TM) costs $50,000 after the Japanese government's $20,000 subsidy. This comes in lower than a Tesla Model S. Still, Toyota currently builds only about 10 Mirai cars per day, calling into question how serious Toyota is about fuel cell technology. Choose BE over PLUG StockStill, this might give Plug Power stock the fuel it needs to finally make gains. It may also justify a speculative bet for those who can wait for months or even years. However, there, Plug Power faces competition from Bloom Energy.BE stock shows a lower price-to-sales (PS), around 1.7 versus about 3.7 for PLUG. Also, Bloom Energy's has a better, albeit still negative profit margin. Margins for Bloom come in at -39.9% compared with -55.3% for PLUG power.Moreover, despite a much shorter history, Bloom Energy has attained a market cap nearly twice as large as Plug Power. Finally, at just under $12 per share, BE trades well above penny stock status. For these reasons, Bloom Energy might better serve speculative investors. Final Thoughts on PLUG stockAlthough one might make a speculative case for owning Plug Power, it appears one key peer might eclipse the company. Plug Power has struggled for decades as hydrogen fuel cells have failed to gain broad market acceptance. Though deals with Amazon, Walmart, and GE brought some hope, PLUG remains a penny stock.The fact that fuel cell-powered cars offer a crucial advantage over Tesla might justify speculation in fuel cell stocks. However, when comparing the financial state of the more prominent fuel cell companies, investors should probably choose Bloom Energy over Plug Power.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Stocks to Buy for This Decade's Massive Megatrend * The 7 Best Stocks to Buy From the IPO ETF * 7 Athletic Apparel Stocks With Marathon Pace Compare Brokers The post There Is No Point Speculating in Plug Power Stock appeared first on InvestorPlace.
[Editor's note: This story was previously published in March 2019. It has since been updated and republished.]Penny stocks are often dangerous for individual investors. Generally described as stocks with a price under $5, the group usually consists of quite a few fallen angels and growth stocks that haven't reached, and may never reach, their potential.But there are diamonds in the rough. During the financial crisis, several stocks hit penny stock status. Pier 1 Imports (NYSE:PIR) went from 13 cents to over $20 before a long decline the past few years. Dollar Thrifty Automotive bottomed at 60 cents, and sold itself in 2013 to Hertz (NYSE:HTZ) for $87.50 a share.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 6 Stocks to Buy for This Decade's Massive Megatrend Those diamonds are more difficult to find in a market near all-time highs, but they're still out there. Here are seven penny stocks that could provide solid returns for investors going forward. Source: Chesapeake Energy Chesapeake Energy (CHK)I've had an on-again, off-again attraction to Chesapeake Energy (NYSE:CHK) over the past couple of years. Chesapeake is still trying to recover from the oil and gas bust that left it with nearly $10 billion in debt and much lower revenues. Progress has been choppy, both for the business and the stock. CHK stock is now trading at $2.19, down nearly 53% over the past year.Investors need to understand the risks here. The debt is a concern, particularly if oil and/or gas prices start falling again. Earnings reports have picked up recently, with CHK beating or meeting earnings consensus in the past eleven quarters.Further, a continuation of oil's move higher should disproportionately benefit CHK relative to a major like Exxon Mobil (NYSE:XOM). In short, CHK now looks like a classic penny stock with high risk and high reward, even if long-term shareholders certainly would prefer that it wasn't. Source: Shutterstock Castle Brands (ROX)To be honest, I'm not completely sold on Castle Brands (NYSEAMERICAN:ROX) at its current price of 56 cents. And with ROX stock down 121% over the past year, it certainly seems like the market has determined the stock was trading at a premium to fair value. That said, there's still some good news here, and it's still an interesting play on U.S. spirits. * 7 Stocks to Buy for Over 20% Upside Potential Castle's Gosling brand creates both dark rum and ginger beer, which make the increasingly popular "Dark 'N' Stormy" drink. The Jefferson bourbon brand continues to grow nicely, with Castle's whiskey portfolio (which includes smaller Irish offerings) growing revenue 20% in fiscal 2018.Profits still are slim, but margins are increasing as revenue continues to grow. Management is well-incentivized to continue that growth. And the clear end game here is a sale to a larger spirits company like Diageo (NYSE:DEO) or Constellation Brands (NYSE:STZ, NYSE:STZ.B).If ROX stays on its current trend, it should be able to eventually jumpstart a rally. Source: M01229 via Flickr Sportsman's Warehouse (SPWH)Sportsman's Warehouse (NASDAQ:SPWH) only barely makes this list since its current price of $4.04 is just below the $5 penny stock cutoff limit. But SPWH does look like a nice value here.SPWH briefly shook off the penny stock moniker when it topped out at $6.36 briefly in February before falling to its current levels. And yet, SPWH trades at just 7.8X next year's consensus EPS.There's a lot to like here, particularly for investors bullish on brick-and-mortar retailers. If those investors like low-handle stocks, all the better. Source: Flash.pro via Flickr (modified) Limelight Networks (LLNW)Limelight Networks (NASDAQ:LLNW) has executed a nice turnaround of late -- and LLNW stock has responded in kind. The internet content delivery provider is a small fish compared to industry leader Akamai Technologies (NASDAQ:AKAM), but it's making progress. Revenue is expected to rise 6% this year and 11% the next, with earnings growing at a long-term rate of 15%. * 7 Safe Stocks to Buy for Anxious Investors LLNW looks rather expensive on a P/E basis, but margins are thin and EV/EBITDA multiples are favorable. With a recent pullback to $3, a continuation of the recent trend should drive upside in the stock.With Akamai rebounding amid easing of some industry-wide concerns -- notably customers like Netflix (NASDAQ:NFLX) and Facebook (NASDAQ:FB) choosing DIY options -- Limelight is positioned to keep double-digit revenue growth intact. That will boost margins and profits -- and likely get LLNW out of the penny stock category altogether. Plug Power (PLUG)Clean energy historically has been a graveyard for investor capital, and hydrogen vehicle developer Plug Power (NASDAQ:PLUG) hasn't been any different. The stock trades well below peaks from last decade, and is down about 60% from early 2014 levels as well.So PLUG's bull case is a classic "this time is different" argument, which is always tenuous. But there is some good news here. Plug Power has signed deals with Walmart (NYSE:WMT) in 2014 and with Amazon.com (NASDAQ:AMZN) in 2017. What's more, it joined forces with FedEx (NYSE:FDX) in May 2017.The company remains unprofitable, but cash burn is slowing, and the company is guiding for profits in the second half (albeit with a ton of adjustments; GAAP earnings remain a long way off). Revenue is growing quickly, with gross revenue growth of nearly 40% expected this year.PLUG has pivoted toward industrial applications, and there is some promise there. Investors in PLUG will have to be patient, have to tolerate volatility and have to accept risk. But if Plug Power finally can gain some traction, the current share price around $2.53 could move much higher.Source: Shutterstock DHX Media (DHXM)DHX Media (NASDAQ:DHXM) has had an ugly one-year period as a stock, down 47%. Debt continues to be a problem for DHX Media, with a debt-equity ratio of 108%! $550 million in long-term debt as of the most recent quarter doesn't help … but at $1.99, with a market cap around $219 million, there is some reason for optimism.First, DHX added the Peanuts intellectual property to its portfolio in a deal with Iconix Brand Group (NASDAQ:ICON). That adds to the existing portfolio of Teletubbies, Inspector Gadget, Yo Gabba Gabba! and YouTube content provider WildBrain. DHX then sold 39% of Peanuts to Sony (NYSE:SNE), allowing it to reduce debt while bringing a high-quality partner on board. * 7 Energy Stocks to Buy Now A strategic review continues, as DHX looks to further drive cost savings and reduce debt. And in a cord-cutting world where content may become increasingly valuable, the company should have some options.This is a high-risk play, as the long decline in its chart shows. ICON has dropped over 99% in the past five years due to too much debt and too weak a portfolio. But DHX should be able to avoid that fate . and potentially drive nice gains in DHXM stock. Source: Shutterstock Denison Mines (DNN)I'm not a fan of mining stocks, as I've written in the past. But if investors want to take a stab at the sector, then small, developing miners traditionally offer the best chances for big gains. And Denison Mines (NYSEAMERICAN:DNN) fits that bill.Denison's properties are located in the Athabasca Basin, in northern Canada (Alberta and Saskatchewan). It's targeting uranium resources at its properties -- and uranium prices are starting to tick up. The closure of a mine by giant Cameco Corp (NYSE:CCJ) presents a near-term catalyst to those prices -- and the discounted fair value of Denison's mines.Obviously, there is a ton of risk here. Denison is unprofitable, and likely will need to raise more capital down the line. But DNN actually could provide what mining stocks are supposed to: leverage to the price of uranium. With fundamentals perhaps supporting some upside in the metal, DNN could follow.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dual-Class Stocks That Will Outperform * 7 Reasons Why Apple Streaming Won't Move the Needle for Apple Stock * 7 A-Rated Stocks to Buy in the Second Quarter Compare Brokers The post The 7 Best Penny Stocks to Buy appeared first on InvestorPlace.
Investors have been charged up about this fuel-cell specialist in 2019. Did the company's kickoff to the new year provide even more reasons to celebrate?