1.99 +0.02 (1.02%)
After hours: 7:48PM EDT
|Bid||1.95 x 1800|
|Ask||2.00 x 38800|
|Day's Range||1.86 - 2.00|
|52 Week Range||1.53 - 3.21|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Sales continue to grow, but keeping up to date with this fuel-cell leader requires more than checking in with one metric.
Plug Power is expanding into a new 38,400-square-foot building in Saratoga County to help increase the production of its hydrogen fuel cell technology.
Plug Power (NASDAQ:PLUG) reported its latest quarterly earnings results early in the day Thursday, which sent shares sliding as the company’s loss was wider than what analysts were calling for. Plug Power also brought in revenue of $39.93 million for its second quarter, which was a considerable improvement over the $22.6 million that it raked in during the year-ago quarter. PLUG stock fell about 5.5% during regular trading hours Thursday as the company’s quarterly loss was wider than expected.
Plug Power (PLUG) delivered earnings and revenue surprises of -50.00% and -4.08%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Latham, New York-based company said it had a loss of 12 cents. The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment ...
The company said in its quarterly letter that increased customer demand led to the year over year growth.
All eight of Plug Power's board members acquired stock in the company last week, except for CEO Andy Marsh. This is the fourth time this year that Plug's board members have bought up stock in the company. Plug is scheduled to announce its second quarter earnings tomorrow morning.
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His expertise and connections are expected to help Plug Power move into new markets, including electric vehicles. Plug so far has focused on making hydrogen fuel cells to power forklifts in the warehouses of Amazon, Walmart and other companies.
Plug Power Inc (NASDAQ:PLUG), a electrical company based in United States, saw a double-digit share price rise of over 10% in the past couple of months on the NasdaqCM. AsRead More...
Plug is putting its fuel cell technology into several of Linde Material Handling's warehouse vehicles, including electric tow trucks and electric forklift trucks. Fuel cell-enabled trucks are now available at Linde. With this partnership, more small and medium sized companies will be able to adopt hydrogen.
The company, American Fuel Cell, develops membrane electrode assembly technology, which is key for fuel cells to create power. The company was founded by former General Motors engineers and scientists.
Plug Power Inc.'s stock spiked up 4.4% in premarket trade Wednesday, after the fuel cell and hydrogen technology company said it acquired American Fuel Cell, for an undisclosed amount. American Fuel Cell is a developer of Membrane Electrode Assembly (MEA), which is a catalyst for fuel cells to create power. The acquisition gives Plug Power a facility in Rochester, NY, with all staff of American Fuel Cell becoming Plug Power employees.
The New York Times ran a story over the weekend profiling the Latham fuel cell manufacturer and how the trade threats are delaying Plug's plans to expand.
Ballard Power Systems is ramping up sales in China in 2018, while Plug Power is scouting joint venture partners. The country could prove critical to each business's success.
Investors in Plug Power (PLUG) need to pay close attention to the stock based on moves in the options market lately.