PLUG - Plug Power Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
2.7950
-0.0150 (-0.53%)
As of 2:55PM EDT. Market open.
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Previous Close2.8100
Open2.8400
Bid2.7900 x 29200
Ask2.8000 x 3200
Day's Range2.7500 - 2.8750
52 Week Range0.9900 - 2.9400
Volume4,737,156
Avg. Volume3,303,554
Market Cap704.51M
Beta (3Y Monthly)0.67
PE Ratio (TTM)N/A
EPS (TTM)-0.3840
Earnings DateNov 6, 2019 - Nov 11, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est3.39
Trade prices are not sourced from all markets
  • US Industrial Production Rebounds: 4 Gainers
    Zacks

    US Industrial Production Rebounds: 4 Gainers

    A rebound in the production of several key equipment and materials led the turnaround in industrial production in August.

  • Plug Power sets goal of $1 billion in revenue by 2024
    American City Business Journals

    Plug Power sets goal of $1 billion in revenue by 2024

    That goal would have been almost unbelievable five years ago when the Latham fuel cell manufacturer scrambled to raise money to keep the doors open and was generating $64.2 million in annual revenue. But a lot has changed since then, and now the company is projecting big growth over the next five years.

  • Benzinga

    Plug Power's 5-Year Growth Plan Points To $1B In Sales

    Plug Power (NASDAQ: PLUG ) has unveiled its five-year plan to position the company to deliver $1 billion in sales by 2024, $170 million of operating income, and $200 million of adjusted EBITDA. The plan ...

  • GlobeNewswire

    Plug Power Expands Hydrogen Supply Chain Partner Network with United Hydrogen

    New relationship comprises three-year reserved product supply agreement, augmenting Plug Power’s hydrogen supplier network. LATHAM, N.Y., Sept. 18, 2019 (GLOBE NEWSWIRE) -- Plug Power Inc. (PLUG), a leading provider of hydrogen engines and fueling solutions enabling e-mobility, and United Hydrogen an innovative hydrogen fuel supplier have announced a new hydrogen supply agreement. The alliance was formalized earlier this month with the signing of a three-year reserved product supply agreement between the two companies and will allow Plug Power to maintain competitive pricing for its current customer base, while also provisioning for future growth.

  • GlobeNewswire

    Plug Power Unveils Five-Year Plan Targeting $1 Billion of Revenue by 2024

    Plug Power Inc. (PLUG), a leading provider of hydrogen engines and fueling solutions enabling e-mobility, has rolled out a new five-year plan that will position the company to deliver on an annual basis by 2024 $1 billion of revenue, $170 million of operating income, and $200 million of adjusted EBITDA. The plan is being presented today during the 2019 Plug Power Symposium in Latham, NY. The majority of the revenue growth is expected to come from material handling industry, the Company’s core market, with increasing contribution from on-road and stationary markets.

  • Plug Power signs deal with French utility company
    American City Business Journals

    Plug Power signs deal with French utility company

    Plug CEO Andy Marsh has seen Europe as a major growth opportunity because more European countries are emphasizing renewable energies over fossil fuels.

  • GlobeNewswire

    Plug Power and ENGIE Partner Globally to Expand Use of Renewable Hydrogen and Fuel Cells

    The partnership will continue to identify mutually beneficial markets and customers by packaging Plug Power’s fuel cell technology and ENGIE’s hydrogen infrastructure, renewable energy, and service programs to offer fully integrated solutions. The global agreement is focused across more than fifty countries to end-uses such as distribution centers, manufacturing facilities, and logistic equipment and vehicles for ports and airports. Plug Power Inc. (PLUG), a leading provider of hydrogen engines and fueling solutions enabling e-mobility has signed an agreement with ENGIE, a global energy and services leader in the energy transition, combining their expertise and capabilities in order to accelerate the adoption of hydrogen and fuel cell systems.

  • GlobeNewswire

    Plug Power Opens Doors for First Annual Plug Symposium

    Plug Power Inc. (PLUG), a leading provider of hydrogen engines and fueling solutions enabling e-mobility, begins the two-day Plug Symposium today. The Plug Symposium is bringing together the hydrogen and fuel cell industry’s thought-leaders to discuss pertinent issues that will help accelerate the growth of the industry. The Symposium sets the stage for a dynamic discussion regarding the role of hydrogen fuel cells in unfolding vehicle electrification.

  • Does Plug Power's (NASDAQ:PLUG) Share Price Gain of 84% Match Its Business Performance?
    Simply Wall St.

    Does Plug Power's (NASDAQ:PLUG) Share Price Gain of 84% Match Its Business Performance?

    One simple way to benefit from the stock market is to buy an index fund. But if you buy good businesses at attractive...

  • Reasons Why Investors Should Avoid A. O. Smith (AOS) Stock Now
    Zacks

    Reasons Why Investors Should Avoid A. O. Smith (AOS) Stock Now

    A. O. Smith (AOS) suffers from challenging market conditions in China, forex-related woes, expenses on innovation and rise in raw material costs.

  • FuelCell Energy (FCEL) Posts Narrower-Than-Expected Q3 Loss
    Zacks

    FuelCell Energy (FCEL) Posts Narrower-Than-Expected Q3 Loss

    FuelCell Energy's (FCEL) third-quarter fiscal 2019 revenues increase on a year-over-year basis owing to license agreement with ExxonMobil.

  • Better Buy: Plug Power vs. Enphase Energy
    Motley Fool

    Better Buy: Plug Power vs. Enphase Energy

    Both green-energy companies have crushed the market so far in 2019.

  • Plug Power expanding its manufacturing center in Rochester
    American City Business Journals

    Plug Power expanding its manufacturing center in Rochester

    The expansion comes less than a year after Plug Power held a grand opening of its $3.7 million factory in Rochester's Eastman Business Park, where the company is developing new technology critical to its plans for powering on-road delivery vehicles with hydrogen fuel cells.

  • GlobeNewswire

    Plug Power Supports Increase in MEA-Production Demand with Facility Expansion in Rochester, New York

    Expansion greatly increases Plug Power’s capabilities in R&D and manufacturing while bringing a number of job opportunities in manufacturing and engineering to the Rochester area. LATHAM, N.Y., Sept. 04, 2019 (GLOBE NEWSWIRE) -- Plug Power Inc. (PLUG), a leading provider of hydrogen engines and fueling solutions enabling e-mobility, today announced a major expansion of its presence in New York’s Finger Lakes region with the opening of new facilities in Rochester, NY. The expansion arrives less than a year after the grand opening of Plug Power’s Rochester-based manufacturing center, and constitutes a noteworthy addition to the company’s administrative, lab, and warehousing spaces.

  • The 7 Best Penny Stocks to Buy
    InvestorPlace

    The 7 Best Penny Stocks to Buy

    [Editor's note: "The 7 Best Penny Stocks to Buy" was previously published in July 2019. It has since been updated to include the most relevant information available.]Penny stocks are often dangerous stocks to buy 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 good penny stocks to buy. During the financial crisis, several stocks hit penny stock status and then rebounded tremendously. 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 * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off Those penny stocks to buy are more difficult to find in a market near all-time highs, but they're still out there. Here are seven penny stocks to buy that could provide solid returns for investors going forward. Chesapeake Energy (CHK)I've had an on-again, off-again attraction to Chesapeake Energy (NYSE:CHK) over the past couple of years.Source: Shutterstock 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 $1.55, down 29% this year alone.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 stock 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. Castle Brands (ROX)To be honest, I'm not completely sold on Castle Brands (NYSEAMERICAN:ROX) at its current price of $1.26.Source: Shutterstock And with ROX stock up just about even over the past year, it certainly seems like the market has determined the stock was trading at a fair value. That said, there's still some good news here, and it's still an interesting play on U.S. spirits.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. * 7 Tech Industry Dividend Stocks for Growth and Income 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 jump-start a rally. Sportsman's Warehouse (SPWH)Sportsman's Warehouse (NASDAQ:SPWH) makes this list even though its current price of $4.08 is just below the $5 penny stock cutoff limit. But SPWH does look like a nice value here.Source: M01229 via FlickrSPWH 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 7.5X 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. Limelight Networks (LLNW)Limelight Networks (NASDAQ:LLNW) has executed a nice turnaround of late, and LLNW stock has responded in kind.Source: Shutterstock 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 1% this year and 12% the next, with earnings growing at a long-term rate of 15%.LLNW stock looks rather expensive on a P/E basis, but margins are thin and EV/EBITDA multiples are favorable. With a recent surge to $2.46, a continuation of the recent trend should drive upside in the stock. * 10 Companies Using AI to Grow 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 stock 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.Source: Shutterstock The stock trades well below peaks from last decade, and is down about 60% from early 2014 levels as well. This year alone, however, it's up more than 60%So PLUG stock'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 stock 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 $2.17 could move much higher. DHX Media (DHXM)DHX Media (NASDAQ:DHXM) has had an ugly one-year period as a stock, down 34%.Source: FlickrDebt continues to be a problem for DHX Media, with a debt-equity ratio of 115%! But at $1.22, with a market cap around $365 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 "Boring" Stocks With Exciting Prospects The company also undertook a strategic review, as DHX looked 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. 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 * 10 Stocks to Buy From This Superstar Fund * 7 Stocks to Buy This Summer Earnings Season * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk The post The 7 Best Penny Stocks to Buy appeared first on InvestorPlace.

  • For Plug Power Stock to Snag $3, It Needs More Than Amazon and Walmart
    InvestorPlace

    For Plug Power Stock to Snag $3, It Needs More Than Amazon and Walmart

    Plug Power (NASDAQ:PLUG) reported record second-quarter deployments and gross billings on August 6. PLUG stock, however, dropped on the news but has since recovered those losses.Source: Shutterstock As speculative, money-losing stocks go, Plug Power stock is a pretty good one. It's operating in an industry that will continue to get busier as the demand for alternative fuel sources rises.In May, I suggested that if you owned PLUG stock prior to it announcing Q1 2019 earnings, and you were in it for the long haul (three to five years), I'd continue to hold. Moreover, I recommended buying some more if it dropped on the news, which it did.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSince then, it has recovered its post-earnings losses. But despite excellent Q2 2019 results, the PLUG stock price struggles to hit $3. * 10 Marijuana Stocks That Could See 100% Gains, If Not More If Plug Power stock wants to make it to $3 and beyond, here's the reality: it'll have to move beyond Amazon (NASDAQ:AMZN) and Walmart (NYSE:WMT) to do so. On-Road GrowthPlug Power is best known as a provider of fuel-cell systems to the logistics industry. Amazon, Walmart, and many others use them in forklifts and other machinery at their e-commerce warehouses.However, if it wants to grow to become a profitable business, it's got to find other markets to sell its first-rate products.As part of its Q2 press release, PLUG discussed how it had obtained its first on-road customer during the quarter. The alternative-energy company signed a deal with StreetScooter, a subsidiary of DHL.StreetScooter will deliver 100 ProGen hydrogen fuel cell-powered trucks to be used by Deutsche Post DHL starting in 2020. It's the first commercial-scale application of fuel-cell engine deployment for on-road logistics. The ProGen engine will go farther and be cheaper to run.If the initial 100 do well, DHL could see as many as 500 vehicles in its fleet utilizing the ProGen system.Now, if it can get about 100 more orders just like this one, investors won't be talking about $3; instead, they'll be talking about $30. Pathway to ProfitabilityIn 2018, Plug Power had revenue of $133 million, 55% higher than a year earlier. In 2019, it expects revenue of at least $235 million, 77% higher than in 2018.That's good news.Unfortunately, its gross profit on its sales is negligible. Add in R&D and SG&A expenses and Plug Power lost $102 million on its 2018 sales. For every dollar of sales last year, it lost 77 cents.Look more closely at its various streams of revenue: you'll notice that except for the actual sale of its fuel-cell systems, each of its other revenue generators costs more to produce or provide than the money they bring in.At least the sale of fuel-cell systems brought in $71.3 million in 2018. And their cost of goods was only $54.8 million, generating a gross margin of 23%.In the first six months of 2019, Plug Power's $40.8 million in fuel systems sales had a gross margin of 37.6%. This was considerably higher than in all of 2018.If PLUG can keep pushing its gross margin higher on the fuel-cell systems, the largest of its revenue streams, and it can move beyond the logistics market, it's got a legitimate shot at generating consistent profits.The first half of 2019 could be an aberration: in the first six months of 2018, its fuel-cell systems had a gross margin of 13.4%. But if not, the company's projection that it will deliver positive adjusted EBITDA for the entire fiscal 2019 doesn't seem outlandish in the slightest. The Bottom Line on PLUG StockAs speculative plays go, Plug Power stock is an interesting one.Its business appears to be doing better than it ever has, both operationally and financially. And yet the PLUG stock price is stuck around $2.20 a share.Having Amazon and Walmart as a backstop is nice. However, if it really wants to take off, it has got to deliver more deals like DHL. It just has to.At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks That Could See 100% Gains, If Not More * 11 Stocks Under $10 to Buy Now * 6 China Stocks to Buy on the Dip The post For Plug Power Stock to Snag $3, It Needs More Than Amazon and Walmart appeared first on InvestorPlace.

  • Plug Power Stock May be Cheap, But It’s Cheap for a Reason
    InvestorPlace

    Plug Power Stock May be Cheap, But It’s Cheap for a Reason

    On the surface, Plug Power (NASDAQ:PLUG), the maker of membrane fuel cells, can certainly be seen as a seductive stock, particularly for those that like low-priced securities. Plug Power stock fits that bill, residing at just over $2 a share on the back of a year-to-date gain of more than 78%.Source: Takashi Images / Shutterstock.com Of course, the skeptical investor can and should ponder why a stock that's up 78.23% year-to-date closed at just $2.21 on Tuesday, Aug. 20 as did Plug Power stock. Plug Power stock is one of those cheap (by price), innovative companies that has a way of getting some investors to rally around the idea of "potential." When in reality, there are a lot warts for investors to consider.Those warts include an unclear path to profitability and high client concentration. As one of my InvestorPlace colleagues recently noted, last year, Walmart (NYSE:WMT) and Amazon (NASDAQ:AMZN) combined to account for two-thirds of Plug Power's revenue. Regardless of a company's size, investors should be leery of a lack of revenue diversification.InvestorPlace - Stock Market News, Stock Advice & Trading Tips"The company intends for its fuel cells to provide electricity to homes as an alternative to the existing electric utility grid and other power generation technologies," according to Morningstar.Translation: The company operates in the hot alternative energy niche, likely another reason why some investors have been captivated by Plug Power stock. Plug Power Is Looking to ExpandWhile counting Amazon and Walmart among clients makes for an enviable roster, Plug Power deserves some credit for at least trying to diversify that mix. For example, the company recently unveiled plans for its fuel cells to power FedEx (NYSE:FDX) ground vehicles at an upstate New York airport. * 10 Marijuana Stocks to Ride High on the Farm Bill "FedEx has been running the vehicles -- called tuggers -- with Plug fuel cells for months at the Albany International Airport, surviving temperatures as cold as 4 degrees Fahrenheit and as hot as 90 degrees Fahrenheit," reports The Albany Business Review. "The challenge now is getting the fuel cell engines for airport ground equipment to market. It is one of the first signs that Plug is diversifying beyond its core market of fuel cell engines for forklifts in warehouses."Indicating that PLUG stock is positively correlated to such news, reports on the Albany Airport venture broke last week. And this week, shares of Plug Power are higher by almost 5%. Increased infrastructure spending is another potential long-term catalyst for Plug Power stock."I think when you look at commitments that are being made by large companies that they view that this industry that there'll be over $300 billion of investments over the next 10 to 12 years," said CEO Andrew Marsh on the company's second-quarter earnings conference call. "Obviously, infrastructure is part of that. And when I take a look, I have a parochial view of this. But I think the fact that Plug Power has deployed more units, has built more hydrogen infrastructure, used more hydrogen than anyone else, which we think is a real long-term opportunity for the company." The Bottom Line on PLUG StockFor investors that like alternative energy and are already engaged with solar or wind securities, PLUG stock could be a low risk, high reward complement to those strategies. While the name isn't an appropriate holding for conservative investors, management's ability to at least drive lower losses and better top line could make Plug Power stock a winner, but probably not a stellar secular story.Fair value for PLUG stock is probably just north of $3, representing compelling upside from current levels. But to get there, the shares will need management to increase revenue breadth and for small caps to come back into style.Todd Shriber does not hold any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks to Ride High on the Farm Bill * 8 Biotech Stocks to Watch After the Q2 Earnings Season * 7 Unusual, Growth-Oriented REITs to Buy for Your Portfolio The post Plug Power Stock May be Cheap, But It's Cheap for a Reason appeared first on InvestorPlace.

  • GlobeNewswire

    Plug Power Welcomes Local Students to a Hands On Day of Learning

    Plug Power Inc. (PLUG), a leading provider of energy solutions that change the way the world moves, recently welcomed students from the Troy Riverfront Pathways in Technology Early College High School (P-TECH) Summer Bridge Program. This program is one of only a select few programs of its kind in the state, putting high school students on a direct career path to the region’s most in-demand fields including technology, biotechnology, and advanced manufacturing. Plug Power was honored to be able to support this important local program by creating a special day for two groups of students.

  • Plug Power Is Performing, and PLUG Stock Eventually Will Follow Suit
    InvestorPlace

    Plug Power Is Performing, and PLUG Stock Eventually Will Follow Suit

    In late June, yours truly here suggested the world was finally ready for hydrogen-powered electricity solutions provided by the likes of Plug Power (NASDAQ:PLUG). As such, PLUG stock may have finally become a worthy bet. The fact that Plug Power stock made a major low that day and rallied through the early part of July underscored the idea.Source: Shutterstock Since then, despite topping last quarter's earnings and revenue expectations (both of which were improved year-over-year), the PLUG stock price has moved to even lower lows.As of right now, shares are under their pivotal 200-day moving average line that has acted as support the day of my previous look.InvestorPlace - Stock Market News, Stock Advice & Trading TipsI'm going to stick with my thesis though, on faith that a sweeping, marketwide meltdown won't materialize and completely undermine Plug Power stock. The company's still got too many catalysts cued up for later this year. Plug Power Is Getting the Job DoneI was wrong about Plug Power's acquisition of Canadian company EnergyOr being one of the four major announcements the company had in store for the year. Becoming a supplier of engines for 100 DHL delivery trucks is still one of the four, but CEO Andy Marsh explained in the second quarter's letter to shareholders there are still three more developments that have yet to be revealed.It's not clear if Thursday's press event counts as one of the other three. It probably doesn't, though it's certainly a noteworthy development. * 10 Cheap Dividend Stocks to Load Up On The press event in question is taking place at Plug Power's headquarters in Latham, New York, but the purpose is to showcase the success of the company's pilot program with Albany International Airport. In February, the airport replaced many of its luggage-handling vehicles with fuel cell-powered versions. Undoubtedly the event will serve as validation of the idea of liquid hydrogen fuel cells.Walmart (NYSE:WMT) and Amazon.com (NASDAQ:AMZN) are both customers, using forklifts and other load-handling equipment powered by Plug Power's battery-replacing fuel cells.All told, the company has sold more than 28,000 fuel cells since its inception, with 2000 of them being delivered last quarter.For perspective on that pace, last quarter's revenue of $57.1 million was up 43% from the year-earlier figure of $39.9 million. The loss was whittled down from twelve cents per share of PLUG stock to only eight cents. Investors Waiting on More EvidenceThere's little not to like.Although still in the red and expected to be for at least a couple more years, the company's current fiscal trajectory could put it in the black by 2022. Investors have been more bullish on stocks with weaker prospects. Click to EnlargeThe impasse is arguably a lingering lack of awareness regarding hydrogen fuel cells and their potential. They're seemingly too good to be true, only generating heat and water when they produce electricity.To that end, ironically, there's a downside that makes the premise of hydrogen fuel cells all too real. Their drawbacks include their expense, and the difficulty in storing and transporting hydrogen.They can also be dangerous; liquid hydrogen also serves as rocket fuel. On balance, however, hydrogen has proven to be an effective alternative. Not only is it renewable, but it's also about twice as efficient as burning fuel in a traditional combustion engine.As is the case with all new technologies though, time is quelling the uncertainty. The fuel cell market is expected to grow in excess of 20% per year through 2026.And Plug Power has gotten very, very good at serving as one of the growing fuel cell industry's key influencers, positioning itself as a category leader of a group that includes a bigger (as measured by market cap) Ballard Power Systems (NASDAQ:BLDP) and a smaller Hydrogenics (NASDAQ:HYGS).Events like the one scheduled for September in Latham create that much-needed spectacle the hydrogen fuel cell premise needs. They may not create the same kind of buzz Apple (NASDAQ:AAPL) is capable of creating at its unveiling events, but for the sliver of consumers and corporations that care about alternative energies, such events draw clear attention to the company.If nothing else, current and would-be owners of PLUG stock are amped up in anticipation of what the long-teased "other three" announcements will be. Bottom Line on PLUG StockWhile the backstory is right, that won't necessarily put or keep Plug Power stock in an uptrend.Blame the market environment more than anything else right now. When fears of a recession are at their most frenzied, investors don't want to own much of anything. They're particularly unwilling to take chances on still-new technologies in that scenario. Plug Power also lacks the size that translates into solidness in many investors' minds.Nevertheless, hydrogen fuel cells work. Plug Power is making them a legitimate alternative. It took solar and even wind power years and years to reach true, fiscal viability.If nothing else, PLUG stock has earned a spot on your long-term watchlist at least through next month when its publicity event will include another big announcement.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks Under $5 to Buy for Fall * 5 Stocks to Avoid Amid the Ongoing Trade War * 7 5G Stocks to Buy Now for the Future The post Plug Power Is Performing, and PLUG Stock Eventually Will Follow Suit appeared first on InvestorPlace.

  • Plug Power Stock Is High on Innovation but Low on Profitability Potential
    InvestorPlace

    Plug Power Stock Is High on Innovation but Low on Profitability Potential

    Even after a correction of 27% from the highs of 2019, Plug Power (NASDAQ:PLUG) stock is higher by almost 100% from December 2018 levels. The rally in the PLUG stock price has been triggered by strong revenue growth, expectation of positive EBITDA in the fourth quarter and an optimistic growth target for the coming years.Source: Shutterstock After a sharp rally, I believe that Plug Power stock is likely to remain sideways or trend lower in the coming quarters. Unless something radical happens, I'll likely remain cautious on shares for these reasons: Client Concentration Is a ConcernIn the material handling and airport equipment segment, Plug Power boasts a long list of blue-chip clients. They include Walmart (NYSE:WMT), Amazon (NASDAQ:AMZN), BMW, General Motors (NYSE:GM), Honda Motor (NYSE:HMC), Toyota (NYSE:TM), Procter & Gamble (NYSE:PG), Carrefour (OTCMKTS:CRRFY), among others.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHowever, for the year ended December 2018, Amazon and Walmart contributed to 66.7% of revenue. * 10 Stocks Under $5 to Buy for Fall While I am not suggesting potential losses of clients, PLUG's business scalability is questionable. That's especially the case for a company that has witnessed meaningful equity dilution.It is worth noting that company's agreement with Walmart commenced in 2014. Furthermore, the multi-year agreement with Amazon was initiated in 2016. During the five-year period from 2014 through 2018, the company's revenue has grown at a CAGR of 22.3% with sustained cash burn. With a small revenue base, growth has been muted.Plug Power does expect to accelerate growth in the coming years. However, with EBITDA just expected to turn positive in 2019, cash burn is likely to sustain. This might imply further equity dilution. Thus, the PLUG stock price can remain sideways to lower even if top-line growth is healthy. Looking Beyond Material Handling EquipmentThe key focus for Plug Power stock has been the material handling equipment. However, the company does not expect the segment to be a growth driver in the coming years.The next three to five years is likely to focus on expansion in the medium- and light-duty vehicles segment. On this front, the ProGen engine can be a game-changing product. Plug Power has already signed a deal with StreetScooter (a subsidiary of DHL) for delivery of ProGen hydrogen fuel-cell engines.The important point to note is that StreetScooter will initially deliver only 100 hydrogen fuel cell-powered trucks for on-road use. Therefore, the contract does not immediately add meaningful revenue.Based on the initial response, the order flow can potentially accelerate. The positive point is that the deal allows Plug Power to make inroads in terms of contact with electric vehicle manufacturers. The global EV market is likely to swell to $912 billion by 2026.Even if Plug Power taps the logistics service market, there will be enough potential to expand.Another potential positive for PLUG stock is expansion in the European markets. The agreement with StreetScooter coupled with an expanded contract with FM Logistic will help the company make its presence felt in a big market.The key question remains business scalability. The current contracts are relatively small in terms of adding to the backlog.As a matter of fact, Plug Power reported an order backlog of $540 million for the year ended December 2018. Importantly, the backlog has an execution period that ranges from 90 days to 10 years. Therefore, revenue visibility needs a boost in the coming years if PLUG stock is to trend higher. Final Words on PLUG StockPlug Power has a strong revenue guidance of $235 million to $245 million for 2019. In addition, the company expects revenue in the "medium-term" to increase to $450 million to $550 million.This growth is only possible if the company's ProGen sales gain traction in the medium and light-duty vehicle segment. The company is also looking at hybrid buses and small to mid-size cars as potential markets. However, it is too early to assume or conclude that these markets will deliver in terms of product acceptability and revenue growth.It therefore makes sense to remain in the sidelines. With a target to accelerate growth, Plug Power will need funding. Further, equity dilution can negatively impact PLUG stock.More importantly, it remains to be seen if the company's products gain wider market acceptance.As of this writing, Faisal Humayun did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks Under $5 to Buy for Fall * 5 Stocks to Avoid Amid the Ongoing Trade War * 7 5G Stocks to Buy Now for the Future The post Plug Power Stock Is High on Innovation but Low on Profitability Potential appeared first on InvestorPlace.

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