|Bid||3.1600 x 40700|
|Ask||3.2000 x 34100|
|Day's Range||3.0000 - 3.2100|
|52 Week Range||0.9900 - 4.0400|
|Beta (3Y Monthly)||1.64|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 5, 2020 - Mar 9, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.22|
The Latham-based hydrogen fuel cell manufacturer plans to use the money raised toward working capital and other general corporate purposes as it works toward a $1 billion revenue goal.
Shares of Plug Power Inc. bounced 1.3% in very active trading Friday, putting them on track to snap a five-day losing streak, after the fuel cell technology company announced the pricing of its public stock offering. Trading volume swelled to over 17.3 million shares, already well above the full-day average of about 9.9 million shares. The stock had plunged 23% over the past five sessions, highlighted by the 11% tumble on Tuesday after the company announced the public offering of 40 million shares of its common stock. The losing streak followed a 5-year closing high of $4.00 on Nov. 27. Late Thursday, the company said that offering priced at $2.75 a share, for the company to raise $110 million. Plug's stock has run up 39% over the past three months, while the S&P 500 has gained 5.6%.
Plug Power Inc. (PLUG), a leader in providing clean, reliable energy solutions, today announced that it has priced an underwritten public offering of 40 million shares of its common stock, at a price of $2.75 per share for expected gross proceeds of $110 million. In addition, Plug Power has granted the underwriters a 30-day option to purchase up to an additional 6 million shares of its common stock. Morgan Stanley and Barclays are acting as joint book-running managers for the offering and Oppenheimer & Co., Canaccord Genuity, Craig-Hallum Capital Group and Roth Capital Partners are acting as co-managers for the offering.
The proposed public stock sale comes as Plug Power announced an ambitious goal in September to get to $1 billion in revenue by 2024.
Plug Power Inc.(PLUG), a leading provider of hydrogen engines and fueling solutions enabling e-mobility, today announced that it has been selected to provide a custom refueling system for the world’s largest hydrogen-powered mine haul truck, which is set to begin operation next year. Plug Power was chosen for the project by ENGIE, a global energy and services leader in energy transition. The project has emerged from a global partnership agreement between the two companies that was announced in September of this year and is the latest example of Plug Power’s continuing innovation in clean hydrogen solutions.
Plug Power Inc. (PLUG), a leader in providing clean, reliable energy solutions, today announced that it has commenced an underwritten public offering of 40 million shares of its common stock. In addition, Plug Power intends to grant the underwriters a 30-day option to purchase up to an additional 6 million shares of its common stock. Morgan Stanley and Barclays are acting as joint book-running managers for the offering.
Plug Power Inc. (PLUG), a leading provider of hydrogen engines and fueling solutions enabling e-mobility, has announced a new agreement with Spanish hydrogen production and distributor Compañía Logística de Hidrocarburos (CLH). Through the agreement, CLH will develop hydrogen production assets and downstream markets in Spain, in the industrial, mobility and power production/storage sectors for distribution to Plug Power customers throughout Europe. The CLH Group is a leading international company in the transport and storage fuel products in Europe.
Earlier this fall, Latham- New York-headquartered fuel cell manufacturer Plug Power (NASDAQ: PLUG) announced plans to boost revenues from around $240 million today to $1 billion by 2024. A pioneer in the fuel cell space, the company said it would achieve that goal by growing its materials handling business and diversifying into on-road vehicles, drones and other next-generation fuel cell applications. Plug Power CEO Andy Marsh revealed more details about how the company aims to hit the $1 billion mark during a conversation with FreightWaves on Nov. 21.
Low-priced stocks are typically cheap for a reason. But Wall Street has been known to be wrong on occasion. And if 2020 plays out anything like 2019 has for Plug Power (NASDAQ:PLUG), there's plenty of fuel in the tank for PLUG stock investors to enjoy a profitable ride. Let me explain.Source: Shutterstock Stocks priced below $3 a share generally have some kind of observable and undesirable issues weighing on them. And stocks trading under $1? There's obviously even more determined fear on the part of investors regarding a company's ability to survive, let alone thrive. But PLUG stock may be one alternative energy company Wall Street is wrong about.At the height of 2018's broad-based, risk-off trade, which coincidentally finished as a gift for bulls on Dec. 24, PLUG stock traded as low as 99 cents. Nearly a year later and with investors feeling their collective oats, shares of Plug Power are up nearly 240% at $3.39 in front of the abbreviated Thanksgiving-driven work week.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe better news is Plug Power's rally doesn't entirely rest on 2019's less-challenged investing climate floating shares to less speculative levels above $3. The fact is the hydrogen fueling specialist has plans of reaching $1 billion in sales within four years. More importantly, Plug Power is executing on these plans. * 7 Earnings Reports to Watch Next Week Customers ranging from Amazon (NASDAQ:AMZN) to Walmart (NYSE:WMT) are already using Plug Power's hydrogen fuel cell (HFC) technology with forklifts to support their commercial operations. It's big business with more than 23,000 fuel cell-powered forklift operations currently in the United States. The buck doesn't stop there either.PLUG's positioning within this market is impressive and growing overseas as well. The company is partnering with Deutsche Post's (OTCMKTS:DPSGY) DHL delivery service to power its StreetScooter vans with HFCs. More recently, Plug Power stock announced an expanded relationship with Europe's FM Logistic to supply its hydrogen capacity for the next five years.Needless to say, the agreement with FM Logistic is a strong sign of the company's continued commitment to lessening its carbon footprint, increasing productivity and efficiency and achieving those goals with Plug Power. What's more, sporting a market cap of just under $900 million, I'm okay with Tesla's (NASDAQ:TSLA) Elon Musk taking a swipe at fuel cell electric vehicles. The observation from this strategist is investors in PLUG stock need only focus on the price chart and riding a position to profitability. PLUG Stock Weekly ChartSource: Chart Courtesy of Tradingview.comTo be clear and today's share price aside, Plug stock is still a speculative investment. As InvestorPlace's Thomas Niel recently warned, if Plug's bold revenue goals aren't met shareholder dilution is a real and highly undesirable possibility. Still, PLUG stock's rally does look very promising. * 7 Tech Industry Dividend Stocks for Growth and Income The monthly view of Plug shares shows this year's rally challenged prior key support dating back to 2014's failed spike in the stock. This line in the sand remains resistance. But after three years of lateral consolidation work and with PLUG stock's Bollinger Band just beginning to open up, I'm positive on shares entering 2020.PLUG Stock Strategy: I'd recommend buying PLUG on a second attempt breakout above resistance if shares clear $3.77. It's a momentum-based strategy and given the circumstances, it makes more sense than trying to purchase still-elusive value. To contain long stock exposure, taking initial profits around $5.00 - $5.25 in PLUG looks good. This area is near the 38% retracement level and reduces position risk without fear of bulls getting ahead of themselves and left holding the bag. Similarly, pulling "the plug" on Plug Power stock on a failure of $3 looks like equally smart business off and on the price chart.Disclosure: Investment accounts under Christopher Tyler's management own positions in Plug Power (PLUG) and its derivatives, but no other securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies, related musings or to ask a question, you can find and follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Companies Using Artificial Intelligence to Outperform the Market * 7 Earnings Reports to Watch Next Week * 6 Retail Stocks Dropping Hard Ahead of Black Friday The post The Best Way to Play Plug Power Stock Into 2020 appeared first on InvestorPlace.
In late September, I wrote a gallery on InvestorPlace.com about "lottery stocks", or high-risk, high-reward stocks with huge long-term upside potential.The theme of the gallery was very simple. It was reiterated by our very own CEO, Brian Hunt, in his October piece on lottery stocks. Investors of all shapes and sizes would be wise to invest some money into a basket of these high-risk, high-reward lottery stocks because doing so is all about risking a tiny bit of money for the shot of making a fortune.Sure, the actual lottery is all about the same thing. Buy a scratch ticket for a few bucks. Have a 0.0001% chance of winning the jackpot. Still, no one would consider this a financially wise decision because the odds of winning are so small.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut, investing in lottery stocks has much more favorable odds … if you do the leg work of figuring out which lottery stocks have the best chance of turning into multi-baggers in the long run.I've done that work for you. I've identified a handful of lottery stocks that have visible and realistic pathways to 200%-plus upside over the next few years. Are they still risky? Of course. But, the risks here are fully compensated by the possibility of huge long term returns. * 7 Strong Retail Stocks to Buy for the 2019 Holiday Season This column examines five stocks deemed worth of the term "lottery stocks," each with a very realistic chance to triple over the next few years. Lottery Stocks That Could Triple: Plug Power (PLUG)Source: Shutterstock Current Price: $3.50 Potential Future Price: $12One lottery stock that I'm particularly bullish on is hydrogen fuel cell, or HFC, maker Plug Power (NASDAQ:PLUG), because this company has a visible opportunity to grow by leaps and bounds over the next few years if hydrogen become a viable second fiddle to electricity in the alternative fuels market -- and that very well could happen.In the alternative fuels market, there are basically two core and competing technologies: hydrogen and electricity. You've heard all about electricity because, at present, it's much better than hydrogen. That is, it's safer, it's cheaper, and it's supported by better infrastructure.But, hydrogen tech has it's advantages. The two big ones? Shorter recharge times and longer range, meaning that hydrogen cars actually save consumers a ton of time. Some consumers really value time. For those that do, hydrogen could become a more attractive alternative fuel option than electricity, especially as hydrogen safety continues to go up and HFC costs continue to come down (both of which are already happening).Given that, here's the bull thesis on PLUG stock. Plug Power is at the epicenter of the HFC market. It's only an $800 million company. Tesla (NASADQ:TSLA), the world's leading electric car company, has a $65 billion market cap. Thus, even if HFC tech only gets to a tenth the popularity of electric cars at scale, one could still very reasonably argue that Plug Power would warrant a market cap the tenth the size of Tesla, or about $6.5 billion, in the future.Indeed, the numbers do work out like that. Plug Power management expects expansion of HFC adoption in core commercial markets to drive big growth over the next few years. Specifically, management is pointing towards $1 billion in revenue by 2024, with $200 million in EBITDA. Is that possible? Yes. If Plug Power does hit those aggressive targets, the numbers shake out for the company to net about $0.50 in EPS by 2024, and likely somewhere around $0.60 in EPS by 2025.Apply a growth stock average 20-times forward multiple to that $0.60 EPS base in 2025. That implies a 2024 price target of $12, which means that in an "everything goes right" scenario, PLUG stock could rally more than 200% from here over the next few years. Nio (NIO)Source: Sundry Photography / Shutterstock.com Current Price: $1.80 Potential Future Price: $14Often dubbed the "Tesla of China", Chinese luxury electric vehicle maker NIO (NASDAQ:NIO) has a realistic opportunity to turn secular EV and self-driving trends into big growth for the company over the next few years.The story on NIO is pretty straightforward. This company was supposed to be just like Tesla. Start with one premium EV. Sell a bunch of those models. Establish strong brand equity. Leverage that strong brand equity to keep launching new, high-demand EV models. Gradually gain share in the huge Chinese EV market, and leverage scale to produce huge profits.Things haven't played out like they were supposed to. NIO started off with a bang, but over the past few quarters, delivery volumes have come tumbling lower, even amid a new car launch, mostly because: 1) there are simply too many EV companies in China, and 2) the EV market in China slowed considerably in 2019.But, given that this company has crafted a niche for itself in the luxury EV market and that the company just announced a strategic collaboration with Intel's (NASDAQ:INTC) Mobileye unit for the development of self-driving cars, there is a possibility that NIO regains its groove over the next few years. * 7 Subscription Stocks to Buy for Long-Term Gains Let's say they do. The numbers here work out so that China's EV market will likely measure around 7 million to 10 million cars by 2030. NIO could control about 5% of the market, implying around 375,000 EV deliveries in 2030. Assuming a $50,000 ASP and auto average 10% operating margins, we could easily be looking at $1.40 in earnings per share. Based on a market-average 16-times forward multiple and 10% annual discount rate, that implies a 2024 price target for NIO stock of $14. Stage Stores (SSI)Source: WhisperToMe via Wikimedia CommonsCurrent Price: $2.20 Potential Future Price: $9.50Struggling department store operator Stage Stores (NYSE:SSI) ostensibly looks like just another retailer that is being made irrelevant by Amazon (NASDAQ:AMZN). But, underneath the hood, Stages Stores is making some aggressive changes, and if they work, SSI stock could be a multi-bagger in the long run.Long story short, Stage Stores has been killed by online retail competition over the past few years. Comparable sales, revenues, and margins have all dropped. Profits have been wiped out. SSI stock has plummeted, weighed by not just an operational crash but also by a heavily levered balance sheet.But, management is finally doing something to right the ship. Specifically, Stages Stores owns both full-price and off-price stores. The off-price stores are doing much better than the full-price ones. Management is now in the process of converting all of its full-price stores, to off-price stores. The result? Stage Stores could look like a mini TJX (NYSE:TJX) or Ross Stores (NASDAQ:ROST) within a few years.Those off-price retail giants have stable sales bases and margins. If SSI's off-price transition works out, that's exactly what should happen. Sales will stabilize, and margins will peek back into positive territory. Making conservative assumptions on both fronts (sales stabilize around their current $1.5 billion base and operating margins move towards 2.5%), then Stage Stores could realistically net about $0.50 in earnings per share by 2025.Based on an apparel retail sector-average 19-times forward earnings multiple, that implies a 2024 price target for SSI stock of $9.50. Aurora (ACB)Source: Shutterstock Current Price: $2.30 Potential Future Price: $16The cannabis market has been under siege recently, amid crumbling demand trends and widening losses. Canadian cannabis producer Aurora (NYSE:ACB) hasn't been an exception to the trend. But, in the long run, Aurora still looks positioned to be an important player in a huge market, and ACB stock is way undervalued today if that reality comes to fruition.There's a lot going wrong in the cannabis market today. Demand is staying in the black market, because the legal market is having trouble keeping up with black market prices (taxes and fees make the legal market cost base way higher than the black market cost base). Legal producers are having to discount their cannabis to compete. The result? Slowing demand and falling margins, a troublesome combination for what was supposed to be a growth industry.But, the core fundamentals here remain favorable. That is, data shows that not only is cannabis consumption on the up and up, but also that young consumers like to smoke cannabis almost as much as they like to drink alcohol. The implication? Once the legal market figures out logistics and pricing, and out-muscles the black market, the legal cannabis market will be very, very big in a decade -- like $200 billion big.Aurora is currently one of the biggest players in the cannabis world. More competition over the next several years will bring Aurora's market share lower. Ultimately, though, this company should be able to nab 5% share in the $200 billion cannabis market, implying about $10 billion in revenues by 2030. * These 10 Stocks to Buy Make the Perfect 'Retirement' Portfolio ACB's gross margins are already at 60%. Opex rates should fall toward more normal 30% levels with scale, eventually resulting in 30% operating margins. That's about $3 billion in operating profits. Take out 20% for taxes. Assume 1.5 billion shares out. Use a price-earnings multiple of 16, which is average for the market. All that math gets you to a 2029 price target for ACB stock of over $25. Discounted back by 10% per year, that equates to a 2024 price target of nearly $16. Stitch Fix (SFIX)Source: Sharaf Maksumov / Shutterstock.com Current Price: $20 Potential Future Price: $64Last, but not least, on this list of potential lottery stocks that could triple is personalized styling service Stitch Fix (NASDAQ:SFIX), a company which could change the entire apparel retail model, and in so doing, become a multi-bagger stock over the next few years.Apparel retail today works like this. You go in a store or to a website. You peruse apparel in different categories, adding some to your checkout cart as you go. At the end of the shopping trip, you pay for the stuff you liked and wanted.Seems simple, right? Sure. But, Stitch Fix is in the game of making it even more simple. Imagine if you could just sign up for a service that had a bunch of personalized stylists, and those personalized stylists did all the shopping for you. All you have to do is answer a few questions, and sit back and wait for the clothes to arrive. Better than that, if you don't like what the stylists picked out, you can send it right back.That's the Stitch Fix model. They are taking the thinking out of shopping so it becomes as easy as just answering a few questions. Sure, it's not for everyone. Some people really enjoy going into stores and doing their own shopping. But, this model unequivocally saves time, and it's also professionally curated, so for us design-challenged folks, it yields better results, too.The implication? It seems inevitable that Stitch Fix's reach across the apparel retail landscape will only grow over time. This is a huge, huge market -- $430 billion in the U.S. and United Kingdom alone. Stitch Fix is a small company -- only $1.6 billion in revenue over the last twelve months. Thus, the opportunity for further growth here is tremendous.All things considered, Stitch Fix should grow sales at a 20% pace over the next several years. During that stretch, operating margins should improve thanks to increased scale. Assuming so, then this company could be looking at $3.20 in earnings per share by 2025.Based on a consumer discretionary sector-average 20-times forward earnings multiple, that equates to a 2024 price target for SFIX stock of $64 -- up more than three-fold from today's $20 price tag.As of this writing, Luke Lango was long PLUG, TSLA, INTC, RJX and SFIX. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Best High-Growth Stocks to Buy for Young Investors * 7 Stocks to Buy With Great Charts * 7 Troubled Dividend Stocks With Yields Too Good to Be True The post 5 Lottery Stocks With Triple-Digit Upside appeared first on InvestorPlace.
In recent years, the investment community has focused significant attention on alternative energy companies for obvious reasons. From both a geopolitical standpoint as well as an environmental one, clean energy solutions simply find wide appeal. However, not every player in this sector is equal, as Plug Power (NASDAQ:PLUG) and PLUG stock demonstrates.Source: Shutterstock In many ways, Plug Power stock is an enigma. It has tremendous potential because the world seeks a pivot away from fossil-fuel energy sources. Moreover, the company has inked some impressive deals with big league organizations. Yet PLUG stock is nothing short of speculative. For a brief moment, shares were once trading in four-digit territory.Now, the tables have clearly turned. Plug Power stock barely avoided sinking deeper into ignominy when it produced its third quarter 2019 earnings report. But again, the results were frustratingly mixed, just like the equity: the hydrogen fuel specialist met analysts' for per-share profitability (a loss of 8 cents) but failed to deliver on the top line (revenue of $56.4 million against an expected $59.2 million).InvestorPlace - Stock Market News, Stock Advice & Trading TipsInterestingly, Tesla (NASDAQ:TSLA) CEO Elon Musk has labeled hydrogen fuel cell vehicles - Plug Power's bread and butter - "mind-bogglingly stupid." And from a traditional angle, I can understand why he said that. If you look at the financial picture for PLUG stock, it's not pretty. Plus, the ugliness leaves shares vulnerable to equity dilution if the company meets unforeseen challenges. * 7 Stocks to Sell Before They Roll Over Yet we all know that Plug Power stocks is super risky. The question is, how viable is the longer-term growth picture? Here are three pros and cons for PLUG that should help you decide: Pro 1: Unlimited Fuel for PLUG StockOne of the major headwinds clouding big oil firms like Exxon Mobil (NYSE:XOM) or Chevron (NYSE:CVX) is that they're levered to finite resources. Hence, over the past several years, we've read stories about peak oil. Even if some of the most macabre doom-and-gloom forecasts don't pan out, the fact is, we have limited oil resources.You absolutely cannot say the same thing about hydrogen: it's the most abundant element not just on earth but in the universe. When we start colonizing Mars and other planets, you'd imagine that we'll use hydrogen-based vehicles.Of course, I'm talking about stuff well into the future. For the here and now, because hydrogen is so abundant, we won't have to deal with OPEC or other unfavorable characters. That's a huge plus for PLUG stock. Pro 2: Hydrogen Refueling is Almost Like Pulling up to the PumpWithout question, the underlying technologies behind electric vehicle companies like Tesla or Nio (NYSE:NIO) are remarkably compelling. But a huge drawback of EVs is that they take too damn long to refuel or more accurately, recharge.Right now, the quickest charging station can charge your EV from empty in about 30 minutes. And we're not talking a full recharge either. Rather, this quickest draw of the electric West will get you to approximately 80% capacity. * 7 Large-Cap Stocks to Give a Wide Berth We live in an on-demand economy where virtually everything operates at break-neck speeds. So how, pray tell, are we going to expect Americans to wait half-an-hour to recharge their EVs?On the other hand, hydrogen vehicles will get you in and out at the refueling station in roughly five minutes. That's almost on par with refueling a big, fossil-fueled SUV, thus not requiring a mass-scale societal shift.Of course, this is a huge boost for Plug Power stock. Pro 3: Big SupportersHydrogen has a lot of detractors -- remember the Hindenburg? Despite valid concerns about hydrogen fuel cells, some huge names in the auto industry have backed this element.Specifically, both Toyota (NYSE:TM) and Honda (NYSE:HMC) have pegged hydrogen as the energy source of the future. And they're not paying mere lip service. Toyota is the largest hydrogen fuel cell car producer for the U.S. market, while Honda isn't too far behind.Plus, both companies have teamed up with a Royal Dutch Shell (NYSE:RDS.A, NYSE:RDS.B) subsidiary to develop hydrogen fueling stations in California. Considering that Plug Power has inked deals with major partners, this massive support is a tailwind for PLUG stock. Con 1: Isn't It Ironic?With hydrogen being the most-abundant element ever, you'd expect that hydrogen fuel provides economic relief for converted drivers. After all, Economics 101 dictates that excess supply should lead to lower demand (prices).But that's not what's happening in this market. Instead, hydrogen refueling costs are expensive, even pricier than gasoline prices on an apples-to-apples comparison. According to CNBC contributor Joe D'Allegro:"The average price for hydrogen fuel in California is about $16/kg -- gasoline is sold by the gallon (volume) and hydrogen by the kilogram (weight). To put that in perspective, 1 gal of gasoline has about the same amount of energy as 1 kg of hydrogen. Most fuel cell electric cars carry about 5 kg to 6 kg of hydrogen but go twice the distance of a modern internal combustion engine car with equivalent gas in the tank, which works out to a gasoline-per-gallon equivalent between $5 and $6."This is where EVs clearly win out. And it's also where standard gasoline-powered vehicles emerge victorious, which is negative for PLUG stock. Con 2: Infrastructure Limits Plug Power StockCalifornia, where you'd expect the alternative fuel to be popular, has only 39 hydrogen refueling stations, with another 25 due to soon appear on the map. That's not nearly enough to satisfy driving demand, especially if hydrogen-powered cars proliferate.But thanks to California green initiatives, the state has a plan to develop 200 hydrogen stations by 2025. While that would be a 413% lift from current numbers, it still wouldn't be nearly enough. * 7 Great High-Yield Stocks With Payouts Over 5% There are over 12,000 gasoline stations in California and that number could easily grow considering the state's population growth. Therefore, 200 hydrogen fueling stations would only cover less than 2% of existing gasoline infrastructure.With such limited coverage, it's hard to imagine hydrogen cars being anything more than niche vehicles for the rich. Con 3: Hydrogen-Powered Cars are ExpensiveIt's not just the refueling costs that are expensive; the cars themselves are available only to the rich. As D'Allegro wrote:The biggest problem: The cars remain expensive. Nexo, for instance, is the most expensive Hyundai on sale in the U.S., with a starting price of $59,345 (starting prices for the brand's comparably-sized Santa Fe start at $24,250). The Toyota Mirai and Honda Clarity fuel cell models have a similar MSRP in the $59,000 range. These car purchases are eligible for government rebates -- in California there is a $5,000 tax rebate available.Among other factors, most folks will likely pay for a high-end, gas-powered luxury car than an essentially experimental hydrogen car. Further, cost accessibility is an issue that could impact the vulnerable PLUG stock.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Stocks to Buy Under $10 * These 10 Stocks to Buy Make the Perfect 'Retirement' Portfolio * 5 Streaming Stocks to Buy for Huge Upside Over the Next Decade The post 3 Pros, 3 Cons to Buying Plug Power Stock as World Pivots from Fossil Fuels appeared first on InvestorPlace.
"This is the first time in the last 20 years that I've been following Plug that I have complete confidence they will make money in 2020," the analyst says. "It's a different thing this time."
The Latham-based fuel cell manufacturer has carved out a niche in supplying fuel cells for material handling equipment (like forklifts). Customers include many automakers, including BMW, Daimler, Honda, VW, GM — and now Fiat Chrysler.
Plug Power (PLUG) delivered earnings and revenue surprises of -33.33% and -1.63%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Plug Power Inc. (PLUG), a leading provider of hydrogen engines and fueling solutions enabling e-mobility, earned a special distinction this week thanks to CEO Andy Marsh, who has been named Executive of the Year at the biannual Fuel Cell Seminar and Energy Exposition. Marsh received the award today from Michael Berube, US Department of Energy Acting Deputy Assistant Secretary, Transportation, during the inaugural plenary talks of the three-day event taking place this week in Long Beach, CA. "Over the past decade, the Fuel Cell Seminar & Energy Exposition has grown to bring together our industry's most potent advocates, innovators, and thought-leaders.
Rockwell Automation's (ROK) fourth-quarter results are likely to reflect the impact of the overall slowdown in the manufacturing sector, softness in the automotive market and higher input costs.
Solid on-road electric vehicle markets, strength in the other electric vehicle markets beyond material handling, and investment in TAP service might get reflected in Plug Power's (PLUG) Q3 results.
Plug Power is already the world's largest user of liquid hydrogen, and it's in line to use a lot more.
AptarGroup (ATR) delivers better-than-anticipated top-line growth in Q3, driven by strong broad-based demand for drug delivery and food dispensing solutions.