|Bid||2.4900 x 39400|
|Ask||2.5000 x 36100|
|Day's Range||2.4550 - 2.5400|
|52 Week Range||0.9900 - 2.8600|
|Beta (3Y Monthly)||1.09|
|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|
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?
In its quarterly shareholder letter released with its earning report on Wednesday, Plug said the company expects to make four major business announcements in 2019.
Plug Power earnings for the first quarter of the year have PLUG stock falling on Wednesday.Plug Power (NASDAQ:PLUG) reported losses per share of 15 cents for the first quarter of 2019. This is worse off than the company's losses per share of 9 cents from the first quarter of 2018. It was also a blow to PLUG stock by missing Wall Street's losses per share estimate of 10 cents for the period.The Plug Power earnings report for the first quarter of the year also includes a net loss of $33.94 million. This is a wider net loss than the $19.84 million reported in the same period of the year prior.InvestorPlace - Stock Market News, Stock Advice & Trading TipsPlug Power earnings for the first quarter of 2019 have operating loss coming in at $23.47 million. The hydrogen fuel cell maker reported an operating loss of $20.94 million for the first quarter of the previous year.The most recent Plug Power earnings report has revenue for the quarter sitting at $18.59 million. This is a drop from the company's revenue of $26.42 million reported during the same time last year. It was also bad news for PLUG stock by coming in below analysts' revenue estimate of $32.88 million for the quarter. * 10 Great Stocks to Buy on Dips Despite the poor showing for the first quarter of the year, Plug Power isn't lowering its outlook for 2019. The company says that it still continues to expect gross billing for the year to range from $235 million to $245 million.PLUG stock was down 4% as of noon Monday. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Great Stocks to Buy on Dips * 6 Growth Stocks to Buy for the Rest of 2019 * 4 Mega-Cap Stocks to Sell Before They Melt Down As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Plug Power Earnings: PLUG Stock Plunges on Q1 Miss appeared first on InvestorPlace.
Plug Power (PLUG) delivered earnings and revenue surprises of -87.50% and -46.09%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
The Latham, New York-based company said it had a loss of 15 cents per share. The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research ...
LATHAM, N.Y., May 08, 2019 -- Plug Power Inc. (NASDAQ:PLUG), a leading provider of hydrogen engines and fueling solutions enabling e-mobility, has announced today its 2019.
Plug Power's (PLUG) first-quarter 2019 performance is likely to be affected by rising costs and expenses, high liabilities, other obligations and unfavorable movements in foreign currencies.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side...
Investors need to pay close attention to Plug Power (PLUG) stock based on the movements in the options market lately.
Plug Power (NASDAQ:PLUG), a provider of hydrogen fuel cells, is having quite the rebound year in 2019. If you bought PLUG stock on Dec. 31, you've doubled your money as of May 1. That's quite a turnaround from the 47% downturn in 2018. Several factors account for its move in 2019. The question is whether it's enough to keep PLUG stock moving higher as we enter the summer doldrums of trading. With Plug Power's first-quarter 2019 earnings report on deck for May 8, the bigger question for shareholders who bought toward the end of last year and are sitting on significant gains ought to be whether they should sell before the release of its earnings or hold tight buying more on any weakness after the report.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHere's the case for and against holding through earnings. The Case for Buying PLUG StockAlthough Plug Power isn't profitable, it's getting closer on a non-GAAP basis. Meanwhile, on the top line, it continues to grow revenues in a big way. In fiscal 2018, PLUG stock grew sales by 74% to $174.6 million. In Q4 2018, it increased revenues by 92% to $59.8 million, a sign the company's accelerating sales and adding customers. * 10 Cheap Stocks to Buy in May, But Don't Go Away In the fourth quarter alone, Plug Power delivered fuel cell products to 15 different customers including Amazon (NASDAQ:AMZN), Walmart (NYSE:WMT) and BMW (OTCMKTS:BMWYY). Most recently, it announced that it signed an agreement with Michigan-based Lipari Foods, a distributor of unique food and beverage products in 15 states. Another example of the growth Plug Power's experiencing: In 2018, it provided approximately 16 million hydrogen fills to its customers, up from 10 million at the end of 2017, a 60% growth rate. As for the upcoming first-quarter results, Plug Power is expected to have revenues of $32.9 million, 13% higher than a year earlier. On the bottom line, it's expected to lose eight cents a share, 11% higher than the seven cents it lost in the same quarter a year ago. Yes, it's a little higher. However, CEO Andy Marsh believes it will start making consistent EBITDA profits beginning in the third quarter. As a speculative bet, if you bought near $1, and believe that the potential for growth is real, I don't know how you can't buy more no matter the results on May 8. The Case for Selling Plug Power StockI think the most significant negative for Plug Power other than the stock's been on a tear and is due for a bit of cooldown is if it delivers revenue growth below the analyst consensus of 13%.How likely is this?I don't have a crystal ball but given it grew Q4 2018 revenues by 92% and analysts expect 30% year over year growth in the second, third, and fourth quarters of 2019, I'd say the odds are relatively low.The problem with taking profits if you bought in December is that you won't get the capital gains rate of tax payable because you haven't owned PLUG for more than a year. Instead, you'll pay the rate of tax you pay on your regular income. In this situation, I wouldn't sell it unless you don't want to own it anymore. If, however, you're holding the stock in a tax-deferred or tax-free account, and you're worried about a cooldown, I'd sell before May 8 and then buy back in after the results are out regardless of whether it goes up or not. Bottom Line on PLUG StockPlug Power has an agreement with Amazon to buy $600 million of its fuel cells for the e-commerce company's forklifts. As part of that agreement, Amazon has warrants to purchase 55.3 million shares of PLUG at different prices based on purchases made by the e-commerce company. If it exercises all of the warrants, it will own 23% of Plug Power. The option and purchase agreement act as an artificial floor for the stock providing investors with a greater amount of security than would typically exist for a sub-$3-stock. That's a big bonus. Should you sell before earnings?If you thought it was a 3-5-year hold at the end of 2018, I don't think anything's changed to shake you out of your position. I'd hold through earnings, buying more if it drops by any material amount. As 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 * The 10 Best Stocks to Buy for May * 5 Elephant-Sized Companies Warren Buffett Could Buy * 7 Cheap ETFs for Novice Investors Compare Brokers The post Should You Buy or Sell Plug Power Prior to Q1 2019 Results? appeared first on InvestorPlace.
Plug Power (PLUG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
LATHAM, N.Y., April 30, 2019 -- Plug Power Inc. (NASDAQ:PLUG), a leading provider of hydrogen engines and fueling solutions enabling e-mobility, has confirmed access and.
This fuel-cell stock has been supercharged over the past four months. And there's reason to believe that its ride isn't about to end just yet.
Plug Power Inc. (PLUG), a leading provider of hydrogen engines and fueling solutions enabling e-mobility, today announced Sanjay Shrestha as Chief Strategy Officer (CSO). In addition to managing the overall strategic priorities for Plug Power, Mr. Shrestha will lead strategic initiatives in Asia, focusing on OEM vehicle applications in China and India utilizing Plug Power’s modular line of ProGen hydrogen engines. Shrestha has dedicated almost two decades to the clean technology industry.