|Bid||1.77 x 800|
|Ask||1.80 x 1800|
|Day's Range||1.7300 - 1.8000|
|52 Week Range||0.9900 - 2.2700|
|Beta (3Y Monthly)||0.69|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 5, 2019 - Mar 11, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.01|
The Latham-based company is making the investment with an eye toward making more efficient fuel cells -- and moving into new markets.
Plug Power Inc. (PLUG), a leading provider of energy solutions that change the way the world moves, announces its continued expansion of high-tech manufacturing in Rochester, NY. Lieutenant Governor Kathy Hochul will join Joe Morelle, the U.S. Representative for New York at a grand opening on February 22, 2019 to discuss New York State’s investment in this project which complements the regionally designed “Finger Lakes Forward” economic development plan.
LATHAM, N.Y., Feb. 20, 2019 (GLOBE NEWSWIRE) -- (PLUG) Plug Power Inc., a leading provider of energy solutions that change the way the world moves, has been named to Fast Company’s prestigious annual list of the World’s Most Innovative Companies for 2019. The 2019 Most Innovative Companies (MIC) list honors 50 businesses making the most profound impact on both industry and culture, showcasing a variety of ways to thrive in today’s volatile world. With the future in mind and the ability to provide cleaner and more efficient mobility options, Plug Power has made great strides towards on-road vehicle applications in 2018.
For some 20 years now, Plug Power (NASDAQ:PLUG) has been one of the most frustrating stocks in the market. Plug Power stock never has been able to drive sustained, consistent upside for its shareholders. Yet PLUG stock repeatedly has teased those investors with big news.In 2017, it was a supposedly transformative deal with Amazon.com (NASDAQ:AMZN). In late 2013, it was a huge burst in orders after an investment by Air Liquide (OTCMKTS:AIQUY) that moved PLUG stock from close to zero to over $5 in a matter of months. Back in 2009, Plug Power stock touched $12 (on a split-adjusted basis). Back at the height of the dot-com bubble, it cleared $1,000.All along, Plug Power's management has promised that the company is close to finally generating positive EBITDAS. (EBITDAS is earnings before interest, taxes, depreciation, amortization, and stock-based compensation.) Each time, Plug Power seems to fall short. Simply put, PLUG is a stock that's supposedly been just a year or two away for two decades.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Financial Stocks With Accelerating Growth And yet there are reasons why investors keep investing in Plug Power stock. The company has an impressive customer list. The hydrogen fuel-cell technology that powers its forklifts is proven. Profits have been difficult to come by for PLUG, but its revenue is growing. While PLUG's two-decade history makes it difficult to aggressively pound the table for Plug Power stock, its story isn't over quite yet. Plug Power Stock Spikes Ahead of a Big YearAs broad markets sold off in December, Plug Power stock unsurprisingly fell sharply. PLUG, in fact, lost about 40% of its value in just the first few weeks of that month. A "risk-off" market wanted no part of a money-losing small-cap name like PLUG.With sentiment towards stocks improving, Plug Power stock has recovered. And the stock last Thursday bounced 19.3%. The reason for the move remains unclear, but a spike in volume to more than three times the 90-day trailing average suggests a large order might have come through.The bounce comes a couple of weeks before the company's fourth-quarter earnings report, which is likely to be released during the second week of March. Last month, the company provided a business update, estimating that its top line surged 40% in 2018 and will jump roughly 30% this year.Perhaps more notably, Plug Power estimated that its EBITDAS would be positive in 2019. That's a long-held goal of Plug Power. Sustainable profits - even excluding certain items - would allow the company to stop issuing more shares of PLUG stock to fund its operations. And it would perhaps give the market confidence that - finally - Plug Power has found a way to generate sustainable profits. The Risks Facing Plug Power StockThat said, PLUG is facing multiple risks that need to be considered. PLUG may seem "cheap" below $2, but it's anything but cheap. This still is a business that's valued at around $450 million, including its net debt. That's almost double the company's 2019 revenue guidance for a business whose gross margins are still small.As for profitability, CEO Andy Marsh has been promising break-even EBITDAS - or something close to that - for most of the decade. Investors would be forgiven for being skeptical about the company's 2019 guidance. PLUG truly is a "show me" story at this point.From a broader standpoint, the key question is simple: does PLUG really have a viable business? Its revenues have grown sharply lately. Plug Power has some big customers, including Amazon, Walmart (NYSE:WMT) (which also has warrants on PLUG stock), and Procter & Gamble (NYSE:PG). But the market for forklifts simply may not be large enough. And the company's promises to move into adjacent areas, such as hydrogen-powered drones, can't be trusted just yet.In the meantime, developments in energy technology could undercut Plug Power as it tries to become profitable. Analyst Craig Irwin of Roth Capital noted last month that Walmart could use lithium-ion lift trucks. Bloom Energy (NYSE:BE) operates in a different space, but its natural gas-based technology theoretically could be incorporated into forklifts. PLUG May Still Deliver a High RewardIt's not over for PLUG, by any means. And if the company can finally get to where it's promised to go, Plug Power stock can rally.But PLUG still has major issues, and the valuation of Plug Power isn't that cheap, while its execution has been disappointing. Maybe this time is different, it will have to be for PLUG to rise meaningfully.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Hot Stocks Leading the Market's Blitz Higher * 7 Strong Buy Stocks With Over 20% Upside * 5 Growthy Stocks Trading Below 15X Earnings Compare Brokers The post Is This Time Different for Plug Power Stock? appeared first on InvestorPlace.
The company has yet to turn a profit, which has frustrated longtime shareholders. CEO Andy Marsh said one of the ways to get to profitability is to drive down production costs and find more efficiencies. This is one of several moves to get there.
With a new design that is focused on ease of service for both field technicians and customers, Plug Power also improved the product serviceability, reducing the time and effort required to work on the units. Plug Power will deploy this premium product in manufacturing applications such as high-volume automotive assembly facilities, empowering the world’s leading companies to drive efficiency and sustainability with proven hydrogen-powered logistics and material handling vehicles.
Progress in a new collaboration and an optimistic outlook from a longtime partner electrified investors in the first month of the new year.
NEW YORK, Feb. 07, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
It tends to range in and out of the penny stock category, as it rises over $5 per share on occasion, and after year-to-date gains of roughly 28%, the stock is currently trading at $7.64. Revenues have been increasing steadily over the past four years. Glu Mobile makes games for smartphones. Revenues have been rising over the past four quarters, and while operating income is negative, the company has been narrowing its losses.
Improving backlog, along with an enhanced global market and environment positions Terex (TEX) well for fourth quarter 2018 results despite higher input costs.
Suggesting that profitability lies around the corner, management electrified investors' hopes in the beginning of the new year.
Want to help shape the future of investing tools? Participate in a short research study and receive a subscription valued at $60. If you're interested in Plug Power Inc. (NASDAQ:PLUG), Read More...
[Editor's note: This story was previously published in November 2018. 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 * 10 High-Yield Monthly Dividend Stocks 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: Philadelphia 76ers Via Flickr ### 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 $2.77, down nearly 18% 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 nine quarters. With Chesapeake Energy's earnings incoming at the end of February, there are big potential rewards here. Further, a continuation of oil's move higher in 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 86 cents. And with ROX stock down 24% 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. 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. * 10 Super Bowl Deals to Upgrade Your Big Game Experience 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 $5.08 is just above the $5 penny stock cutoff limit. But SPWH does look like a nice value here. Investors were concerned about weaker firearm sales after the election of Donald Trump. (Perhaps counterintuitively, firearm sales rise under Democratic presidents and fall under Republican administrations.) A reasonably leveraged balance sheet offered another worry. But SPWH lapped the impact of the election, as shown by its 3.4% same-store sales growth in its first quarter after the election. A debt refinancing lowers interest costs. 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. Source: Shutterstock ### 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%. LLNW looks rather expensive on a P/E basis, but margins are thin and EV/EBITDA multiples are favorable. With a recent pullback to $3.06, a continuation of the recent trend should drive upside in the stock. * 7 S&P 500 Stocks to Buy That Tore Up Earnings 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 three-quarters 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 $1.33 could move much higher. Source: Shutterstock ### DHX Media (DHXM) DHX Media (NASDAQ:DHXM) has had an ugly one-year period as a stock, down 51%. 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 $270 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. A strategic review continues, as DHX looks to 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. * 7 of the Best Stocks to Buy for a Dovish Federal Reserve 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: Karangahake Gorge Tunnel (New Zealand) via Flickr (Modified) ### 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 of the Best Stocks to Buy for a Dovish Federal Reserve * 5 Best Fidelity ETFs for Retirement Savers * 7 Blue-Chip Stocks That Could Lead the Market Higher Compare Brokers The post The 7 Best Penny Stocks to Buy appeared first on InvestorPlace.
LOS ANGELES, CA / ACCESSWIRE / February 1, 2019 / LD Micro is pleased to announce that the LD Micro Index is being reconstituted as of February 1, 2019. Again. We have always held the belief that our industry ...
Plug Power CEO Andy Marsh plans to buy up to $30,000 of shares of the fuel cell manufacturer's stock in the next year.
Andy Marsh, CEO of Plug Power Inc. (PLUG) and a global expert on hydrogen fuel cells, will answer questions in a Reddit Ask Me Anything (AMA) Session. The live, open Q&A session will give participants an opportunity to ask questions on anything they want to know about Plug Power and hydrogen fuel cells’ role in the electrification of transportation. Andy Marsh joined Plug Power as President and CEO in April 2008.
A.O. Smith's (AOS) strength in the replacement market for U.S. water heaters will be conducive to its fourth-quarter results. However, slowdown in China housing sales is likely to affect the top line.
Stanley Black & Decker (SWK) stands to gain from the e-commerce business, solid product demand, growth in emerging markets and buyouts. High input costs and lower organic sales remain concerning.
Between a short seller's report and a company coming up short of expectations, there were a variety of reasons why investors were less than charged up about fuel cell stocks last year.
Although FuelCell Energy's (FCEL) fiscal fourth-quarter loss is wider than the Zacks Consensus Estimate, total revenues of the company surpasses expectation.