2.9700 0.00 (0.00%)
After hours: 4:00PM EDT
|Bid||2.9600 x 21500|
|Ask||2.9700 x 3100|
|Day's Range||2.9000 - 2.9975|
|52 Week Range||0.9900 - 3.1400|
|Beta (3Y Monthly)||0.70|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 6, 2019 - Nov 11, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.39|
Slowdown in manufacturing activities, soft demand environments along with forex woes and charges related to restructuring activities might have hurt Illinois Tool's (ITW) third-quarter earnings.
3M's (MMM) third-quarter 2019 results are expected to reflect the impact of weak automotive and electronics end markets, forex woes, soft China operations, and high restructuring and tax expenses.
Stanley Black & Decker's (SWK) third-quarter 2019 earnings are expected to reflect the impact of weakness in general industrial and automotive markets, tariffs, forex woes and commodity inflation.
Danaher's (DHR) third-quarter earnings are expected to reflect the impact of Danaher Business System, acquired assets, solid product offerings and innovation. Forex and cost woes remain.
Eaton's (ETN) third-quarter earnings are likely to have benefited from share buyback and organic growth. However, negative currency translation is expected to have offset the positives.
Plug Power Inc. (PLUG), a leading provider of hydrogen engines and fueling solutions enabling e-mobility, today showcases a partnership with Washington State University’s (WSU) Hydrogen Properties for Energy Research (HYPER) Labs to develop cryogenic hydrogen cooling technology to focus on one of the largest logistical issues of delivering hydrogen at scale: efficient storage and transfer. The proposed sub-cooling solution will enable improvements to the transportation and storage of liquid hydrogen to fueling stations. It will allow Plug Power’s fleet vehicle customers, including material handling lift truck fleets, to achieve lower fuel costs due to lower back-end costs of transportation and storage.
The project in Germany comes after Plug recently ran a pilot program with FedEx and electric vehicle maker Charlatte America to power FedEx airport ground equipment trucks at airports in Albany and Memphis. The company said it is working with other European airports on similar projects.
New vehicles displayed at inter airport Europe 2019, the 22nd International Exhibition for Airport Equipment, Technology, Design and Services held at the Munich Trade Fair Centre in Germany. LATHAM, N.Y., Oct. 08, 2019 (GLOBE NEWSWIRE) -- Plug Power Inc. (PLUG), a leading provider of hydrogen engines and fueling solutions enabling e-mobility, has partnered with German specialty vehicle manufacturer MULAG to bring a new generation of hydrogen fuel cell-powered electric cargo tow tractors to Germany’s Hamburg Airport. To kick off the initiative, the two companies joined forces to build a fuel cell-powered vehicle, which ran alongside the airport’s existing ground support equipment (GSE) fleet for a period of evaluation and service testing, and concluded successfully.
Stocks priced under $10 per share may seem cheap on first glance. But stocks with low share prices often end up there because they have gotten hit by heavy selling pressure. Robinhood keeps a running list ...
Marsh to present on hydrogen fuel cell solutions addressing motive and stationary power applicationsLATHAM, N.Y., Oct. 04, 2019 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a leading provider of hydrogen engines and fueling solutions enabling e-mobility, is participating in a United Nations side event hosted by ROTH Capital Partners today, October 4, 2019. Plug Power’s CEO Andy Marsh will address UN delegates and Secretariat as well as the private sector and academia representatives. Marsh will showcase the short and long term potential of hydrogen fuel cells in helping member countries achieve the UN Sustainable Development Goals (SDG) by 2030. Plug Power is the global industry leader in hydrogen and fuel cell systems, thus far achieving unmatched accomplishments. Having deployed more than 28,000 fuel cell engines into mobility equipment today, the Company is facilitating and benefiting from paradigm shifts in the transportation and energy industries.Hydrogen fuel cells generate only heat and water as a byproduct of energy generation, allowing users to dramatically reduce the greenhouse gas emissions of their businesses. Marsh’s presentation will not only showcase Plug Power’s proven success in the United States with customers such as Walmart, Amazon, and BMW, but also internationally with users including DHL, Engie and CHEM.According to the Fuel Cells and Hydrogen Energy Association, cars and trucks account for nearly one-fifth of all U.S. carbon emissions, releasing 24 pounds of carbon dioxide and other global-warming gases for every gallon of gasoline used. “In an electrified world, hydrogen fuel cells make a lot of sense in applications that require high-asset utilization,” said Andy Marsh, CEO for Plug Power. “Hydrogen fuel cells can make a significant impact on meeting SDGs from an environmental and economic perspective.”“A global hydrogen vision set by The Hydrogen Council estimates that by 2050 hydrogen will support 19% of global energy demand, creating 45 million jobs,” continued Marsh. “As the world moves to electric solutions, hydrogen and fuel cell power will become increasingly important to achieving sustainability goals.”According to Jesse Pichel, Managing Director of Cleantech Investment Banking at ROTH Capital Partners and also a Board Member of NGO Sustainability Inc., “Traditionally business has been the engine of economic, technological, and social progress, while increasingly contributing to social causes. There is growing consensus that private sector engagement is an indispensable tool for most effective outcomes.”For more information about this event, please send your name, email and affiliation to: email@example.com.About Plug Power Inc. The architect of modern hydrogen and fuel cell technology, Plug Power is the innovator that has taken hydrogen and fuel cell technology from concept to commercialization. Plug Power has revolutionized the material handling industry with its full-service GenKey solution, which is designed to increase productivity, lower operating costs and reduce carbon footprints in a reliable, cost-effective way. The Company’s GenKey solution couples together all the necessary elements to power, fuel and serve a customer. With proven hydrogen and fuel cell products, Plug Power replaces lead acid batteries to power electric industrial vehicles, such as the lift trucks customers use in their distribution centers. Extending its reach into the on-road electric vehicle market, Plug Power’s ProGen platform of modular fuel cell engines empowers OEMs and system integrators to rapidly adopt hydrogen fuel cell technology. ProGen engines are proven today, with thousands in service, supporting some of the most rugged operations in the world. Plug Power is the partner that customers trust to take their businesses into the future. Learn more at www.plugpower.com.Safe Harbor Statement This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that involve significant risks and uncertainties about Plug Power Inc.("PLUG"), including but not limited to statements about PLUG's expectations regarding growth in Europe, revenue, growth with GenKey customers and its project financing platform. You are cautioned that such statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times that, or by which, such performance or results will have been achieved. Such statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in these statements. In particular, the risks and uncertainties include, among other things, the risk that we continue to incur losses and might never achieve or maintain profitability; the risk that we will need to raise additional capital to fund our operations and such capital may not be available to us; the risk that our lack of extensive experience in manufacturing and marketing products may impact our ability to manufacture and market products on a profitable and large-scale commercial basis; the risk that unit orders will not ship, be installed and/or converted to revenue, in whole or in part; the risk that pending orders may not convert to purchase orders, in whole or in part; the risk that a loss of one or more of our major customers could result in a material adverse effect on our financial condition; the risk that a sale of a significant number of shares of stock could depress the market price of our common stock; the risk that negative publicity related to our business or stock could result in a negative impact on our stock value and profitability; the risk of potential losses related to any product liability claims or contract disputes; the risk of loss related to an inability to maintain an effective system of internal controls or key personnel; the risks related to use of flammable fuels in our products; the cost and timing of developing, marketing and selling our products and our ability to raise the necessary capital to fund such costs; the ability to achieve the forecasted gross margin on the sale of our products; the risk that our actual net cash used for operating expenses may exceed the projected net cash for operating expenses; the cost and availability of fuel and fueling infrastructures for our products; market acceptance of our products, including GenDrive, GenSure and GenKey systems; the volatility of our stock price; our ability to establish and maintain relationships with third parties with respect to product development, manufacturing, distribution and servicing and the supply of key product components; the cost and availability of components and parts for our products; our ability to develop commercially viable products; our ability to reduce product and manufacturing costs; our ability to successfully expand our product lines; our ability to successfully expand internationally; our ability to improve system reliability for our GenDrive, GenSure and GenKey systems; competitive factors, such as price competition and competition from other traditional and alternative energy companies; our ability to protect our intellectual property; the cost of complying with current and future federal, state and international governmental regulations; risks associated with potential future acquisitions; and other risks and uncertainties referenced in our public filings with the Securities and Exchange Commission (the “SEC”). For additional disclosure regarding these and other risks faced by PLUG, see disclosures contained in PLUG's public filings with the SEC including, the "Risk Factors" section of PLUG's Annual Report on Form 10-K for the year ended December 31, 2018. You should consider these factors in evaluating the forward-looking statements included in this presentation and not place undue reliance on such statements. The forward-looking statements are made as of the date hereof, and PLUG undertakes no obligation to update such statements as a result of new information.Media Contact Ian Martorana The Bulleit Group (415) 237-3681 firstname.lastname@example.orgSOURCE: PLUG POWER
I've said it before on InvestorPlace, and I'll say it again: stocks in the under-$10 group typically aren't great stocks. After all, stocks don't IPO or hit the public markets at that kind of price tag. Thus, if a stock is below $10, it is because investors sold the stock off to that level. Usually, such intense selling to below $10 is sign of glaring fundamental weakness.Having said that, there are some hidden gems in the under-$10 group of stocks. All of these stocks have gone through rough times. But, not all of them will go through rough times forever. Fundamentals aren't static. They are dynamic. They can change from good to bad, and from bad to good. When the fundamentals for a sub-$10 stock change from bad to good, you usually get big returns in that stock because it was so beaten up to begin with.But when warnings signs begin flashing, investors need somewhere secure to grow their money. During the financial crisis, investors naturally panicked as the markets plunged, while a small group of traders were able to actually profit. An aversion to losses can be beneficial, but it can also cause you to hold on to losers too long and sell winners too soon. By investing in bulletproof stocks, you can shut off that part of your investing brain that tells you to panic.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWith that in mind, I have identified seven stocks under $10 which have been beaten up, but look ready to benefit in a big way from improving fundamentals over the next few quarters to years. In other words, these are depressed stocks which have enormous rebound potential in the foreseeable future. * 7 Worst Stocks in the S&P 500 in 2019 Who made the cut? Let's take a closer look at potential stocks to buy under $10. Stocks to Buy Under $10: General Electric (GE)Source: Jonathan Weiss / Shutterstock.com Once one of the most valuable and important companies in the world, industrial giant General Electric (NYSE:GE), has tumbled over the past several years. Now the company is a shell of its former self. About 20 years ago, this was a $50 stock. Today GE stock trades below $10.GE stock has tumbled to below $10 for a good reason. The business became overly complicated and convoluted, and once one of the moving parts in the GE machine started deteriorating, the whole machine started to fall apart. At the same time, in order to build the big and overly complex GE machine, GE took out a ton of debt, so when GE's businesses started to shrink over the past several years, they did so against the backdrop of an overly levered balance sheet -- which just made everything worse.But, everything could get better over the next few quarters to years. That is, General Electric is dramatically simplifying its operations by shedding non-core, unprofitable businesses and assets. The company is taking the proceeds from those business and asset divestitures to pay down debt. Thus, GE going forward is going to be simpler, more profitable, and less indebted. Ultimately, that means GE is turning into a better business, which should be rewarded with a higher multiple and bigger earnings power -- a combination which produces a bigger stock price for GE.Consequently, at current levels, GE stock looks fairly compelling. This beaten up company is doing everything right to make things better. As things do get better over the next several quarters to years, GE stock should bounce back. Ford (F)Source: overcrew / Shutterstock.com Much like General Electric, auto giant Ford (NYSE:F) is a fallen U.S. business titan that presently looks like a shell of its former self.Once upon a time, Ford was one of the most important auto companies in the world. Sales were growing, market share was expanding, margins were big and only getting bigger, and profits were sizable. Now, the exact opposite is happening. Ford simply lost touch with the auto market and got passed by more innovative peers. Sales and market share are dropping, margins are getting squeezed, and profits are small.Ultimately, Ford stock has gone from above $15 earlier this decade to below $10 today.But, the future will be much better for Ford than it was in the past, mostly because Ford is finally starting to innovate. Ford is going to massively electrify its vehicle portfolio over the next five years, including launching hybrid and electric versions of the company's very popular pick-up trucks. This vehicle portfolio electrification will make Ford's cars more relevant in today's marketplace than they have been in several years, drive greater consumer awareness and demand, and ultimately lead to higher sales, margins, and profits. * 7 Triple-'F' Rated Stocks to Leave on the Shelf At 6.6 times forward earnings, Ford stock isn't priced for higher sales, margins, and profits. As such, if electrification does drive all three of those things, Ford stock should shoot higher from here. Plug Power (PLUG)Source: Shutterstock Third of this list of stocks to buy under $10 is hydrogen fuel cell maker Plug Power (NASDAQ:PLUG).PLUG stock is perhaps most infamous for being one of the few stocks which has, quite literally, lost 99.9% of its value over the course of the past twenty years. That's not a great thing to be know for, and it happened because while there was promise for hydrogen technology early in the auto market, such promise has all but disappeared. Electric batteries became the viable alternative fuel source, and hydrogen cells became an afterthought. As they became an afterthought, Plug Power became irrelevant.That's changing now. Plug Power has rattled off consistent 20%-plus revenue growth over the past three years, as hydrogen fuel cells are starting to be adopted in bulk in the commercial market. Sure, the consumer hydrogen market remains sluggish because of infrastructure shortcomings. But, such shortcomings aren't as important for the commercial market, where a lot of vehicles are operated on-site. As such, big enterprises are starting to come around to the benefits of hydrogen fuel cells, which is that they last longer and have shorter recharging times than their electric battery counterparts.Can the commercial hydrogen market maintain red-hot momentum, and can Plug Power continue to fire off 20%-plus revenue growth with big margin expansion? Management thinks so. They just laid out an aggressive five-year target which calls for huge revenue growth and even bigger margin expansion into 2024. If Plug Power does hit those aggressive targets, then PLUG stock could soar from here. VipShop (VIPS)Source: madamF / Shutterstock.com Fourth, we have Chinese discount e-retailer VipShop (NASDAQ:VIPS), which appears to be getting its winning stride back.China's economy started slowing in late 2017 and early 2018. Around that same time, the VipShop growth narrative started to slow dramatically. In late 2017, this was a near 30% revenue growth company. Throughout 2018, VipShop's quarterly revenue growth rates slowed to 25%, 18%, 16%, and 8% by the end of the year. In early 2019, revenue growth slipped 7%.In mid-2019, though, this slowdown has reversed course. Last quarter, VipShop reported 10% revenue growth -- its first sequential revenue growth acceleration quarter in a long time. This improvement makes sense. Multiple signs are emerging that China's consumer economy is finally starting to stabilize and improve again. At the same time, the fundamentals underlying China's digital economy remain favorable, and VipShop dominates the secular demand off-price niche in that market. * 8 Dividend Stocks to Buy for a Recession Big picture: things are looking up for VipShop. So long as this company continues to dominate the off-price niche, and so long as Chinese macro-economic conditions continue to improve, then VIPS stock should stay on its winning path -- it's already up 70% year-to-date. Aphria (APHA)Source: Shutterstock Fifth on this list on stocks to buy under $10 is Canadian cannabis producer Aphria (NYSE:APHA). Aphria is best known as the first cannabis company to strike a profit in the very profit-barren cannabis market. How did Aphria do this? They focused on becoming the lowest cost supplier in the market.They spent all their resources on figuring out how to reduce the cash cost to produce a kilogram of cannabis. They did just that, and the company now has the lowest unit cash costs in the business. The result? Aphria is able to sell a bunch of cannabis at discount prices into the market, and yet still net a profit on those discounted prices because the production costs are so low.To me, this sounds a lot like Aphria is becoming the "discount" player in the cannabis market. That's a valuable niche to dominate. Regardless of the economic environment, consumers are always attracted to low prices. Thus, so long as Aphria can continue to dominate the low price end of the cannabis market, this company will guarantee itself a slice of the global cannabis pie at scale -- which could be quite large.In the long run, then, the bull thesis here is that Aphria leverages its low cost production capabilities to become the discount leader in what projects as a several hundred billion dollar cannabis market at scale. If things do play out like that, then APHA stock should soar in the long run. GameStop (GME)Source: Emil O / Shutterstock.com Perhaps the most depressed and hated stock on this list is video game retailer GameStop (NYSE:GME), and with good reason.Let's not over-complicate things here. In the long run, GameStop is doomed. This is the Blockbuster of the video game world, so as the video game world moves into all-streaming, all-the-time, then GameStop will become irrelevant because no one will need to buy physical video games anymore. This is the inevitable outcome for GameStop, so it makes sense that GME stock has lost over 88% of its value over the past five years.But, on the way to the graveyard, GameStop should be able to generate tremendous value. That is, the physical video game segment isn't dead yet, nor will it be dead anytime soon. Instead, the physical video game market could actually go through a few big growth years over the next several years. Why? In 2020, new video game consoles are coming to the market for the first time since 2013. Consumers will need to buy those video game consoles, and some of those consumers will buy those consoles at GameStop. Further, these new consoles are going to have physical disk drives, so physical video game sales should surge in 2020 and 2021, too. * 10 Cheap Dividend Stocks to Buy The implication? GameStop is doomed in the long run, but the next few years could be really good for the company. GME stock is not priced for the next few years to be pretty good. As such, it looks like GME stock has healthy upside potential over the next few years. Bed Bath & Beyond (BBBY)Source: Shutterstock Last, but not least, on this list of stocks to buy under $10 is beaten up big box retailer Bed Bath & Beyond (NASDAQ:BBBY).For the longest time, I was anti-BBBY. My thesis was simple: The likes of Walmart (NYSE:WMT), Target (NYSE:TGT) and Amazon (NASDAQ:AMZN) have become all-in-one shopping destinations, and in becoming so, have encroached on Bed Bath & Beyond's territory.Bed Bath & Beyond hasn't been able to defend itself well, since all of those retailers have more resources and reach than BBBY, so they've built out bigger and better e-commerce businesses, omni-channel operations, and delivery logistics, the sum of which has caused customers to leave Bed Bath & Beyond stores in favor of Walmart, Target and Amazon.BBBY stock is down nearly 20% year-to-date, which is as bad a run as any. Investor psychology says that most will let their losses accrue as they believe, irrationally, that they must be due for a "break." Logically, this is a fallacy that destroys capital. Through intelligent reasoning, however, savvy investors can seperate losses from opportunities and build a "bulletproof" portfolio in the process.And I think this bear thesis has run its course.Bed Bath & Beyond is finally taking action to stabilize its rapidly falling revenues, margins and profits, through pulling back discounts, refreshing stores and enhancing its omni-channel presence. In the medium-term, these initiatives should stabilize sales, improve margins and provide a lift to profits. Indeed, consensus Street estimates actually call for EPS to rise over the next few years.BBBY stock trades at almost 5 times forward earnings. That's a zero growth valuation. Thus, if earnings do rise over the next several years, BBBY stock should benefit from a double tailwind of that earnings growth coupled with multiple expansion.As of this writing, Luke Lango was long F, APHA and GME. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Worst Stocks in the S&P 500 in 2019 * 7 Reasons to Own Intuit Stock -- The Unsung Hero of Fintech * Apple and 4 Other Tech Stocks on the Move The post 7 Stocks to Buy Under $10 appeared first on InvestorPlace.
Shares of hydrogen fuel-cell maker Plug Power (NASDAQ:PLUG) are probably most infamous for losing a jaw-dropping 99.9% of their value from 2000 to 2019. But, PLUG stock is making headlines recently for much better news.Source: Shutterstock Year-to-date, Plug Power stock is up 130%, including a 35%-plus rally in the past month alone. In other words, a stock best known for its secular losing streak has found a winning stride in 2019. The big question now: will this winning stride continue?I think it could. The hydrogen fuel-cell market continues to be sluggish in terms of consumer market adoption. But, on the commercial side, meaningful progress is being made, and this meaningful progress is powering robust revenue growth and margin expansion at Plug Power.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIf these trends persist for the foreseeable future, and there's a reasonably high chance that they will, then PLUG stock should continue to march higher.The investment implication? If you have the appetite for a high-risk, high-reward stock and believe in the future of hydrogen technology, PLUG should be on your radar. Commercial Market Momentum Looks GoodWhen it comes to Plug Power stock, it's all about the hydrogen fuel cell market. That market has its positives and negatives. Up until now, the negatives have largely outweighed the positives. * 7 Triple-'F' Rated Stocks to Leave on the Shelf Now, the positives are starting to outweigh the negatives, and the market looks positioned for healthy growth over the next several years.Long story short, alternative fuel has been a big movement over the past several years as carbon emission problems with traditional fuel sources have been highlighted as a big threat to the global ecosystem. In response, the market has birthed two alternatives - electric cars, and hydrogen cars. The former gets all the hype, mostly because the latter is less efficient, less safe, and lacks sufficient infrastructure to make it a viable alternative.But, hydrogen fuel cell technology is starting to turn a corner. Somewhat. On the consumer side, adoption remains sluggish thanks to those three aforementioned headwinds. But, in the commercial market, big enterprises are increasingly starting to see hydrogen as a superior alternative to traditional fuel and electricity, because hydrogen fuel cells last longer and have shorter refueling times.The numbers speak for themselves here. In 2016, Plug Power revenues dropped 20% year-over-year. In 2017, they rose 20%. Revenues rose 75% in 2018, and are up 20% year-to-date in 2019. The implication? Although hydrogen fuel cells have been slow to catch on, they are finally catching on, and in a big way.Will this trend continue? Probably. The explosion of alternative fuel sources is a secular growth narrative. In that secular growth narrative, electric cars will be the Batman. But hydrogen cars should emerge as a solid Robin. In this sense, Plug Power may be in the early innings of a long term growth ramp. Plug Power Stock Has Big UpsideIf the hydrogen fuel cell market ramp does persist over the next several years, then PLUG stock has substantial upside from current levels.Management just laid out a five year growth plan wherein the company is going to leverage HFC expansion in its core commercial end-markets to drive revenues towards $1 billion and EBITDA towards $200 million by 2024. That would represent huge growth from 2019's projected bases of ~$230 million in revenue and ~$1.3 million in EBITDA, according to Street consensus estimates.Will Plug Power actually grow revenues at a 30%-plus clip and EBITDA at a near 200% clip into 2024? Probably not. It pays to remember that, back in 2015, this same management team said that Plug Power would report $500 million in revenue by 2020 on 35% gross margins.Last year, revenues were just $175 million, and gross margins were at 1.5% - neither are on track to hit those aggressive targets from 2015. Instead, 2020 revenues will likely shake out around $300 million (40% shy of the target), while gross margins may get to 30%, at best.In other words, investors should take management's call for $1 billion in revenue and $200 million in EBITDA by 2024 with a grain of salt. It probably won't happen.The good news is that PLUG doesn't need $200 million in EBITDA by 2024 to rally from here. In reality, Plug Power will likely leverage commercial market expansion and margin expansion to drive revenues and EBITDA towards $600 million and $100 million by 2024, respectively. Still, that combination should produce around $0.35 in EPS in 2024.Based on a 16-times forward earnings multiple and a 10% discount rate, that equates to a 2019 price target of nearly $4. That is way up from today's sub-$3 price tag. Thus, even if Plug Power only accomplishes a fraction of its aggressive five-year targets, the stock should work from here. Bottom Line on PLUG StockIt appears the hydrogen fuel cell market, while still speculative, is gaining momentum and traction. If this momentum persists over the next few years, Plug Power will report consistently robust revenue and profit growth, and all that growth should ultimately propel PLUG stock higher from today's depressed levels.As of this writing, Luke Lango did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Triple-'F' Rated Stocks to Leave on the Shelf * 10 Excellent Stocks to Watch for 2020 and Beyond * 7 Consumer Stocks to Buy in an Uncertain Market The post Why Recent Strength in Plug Power Stock Could Last appeared first on InvestorPlace.
In the stock market, risk and reward are correlated. That is, across all financial markets, the maxim is that as risk goes up, so does reward. Because of this, you won't find many low-risk stocks with multi-bagger potential. Instead, all the stocks with multi-bagger potential are often also accompanied with big risks.Thus, if you're looking for a multi-bagger stock that could rise 200% or more, it's safe to say that you are looking at stocks with big risk profiles.The key in picking winners in this group is to identify the stocks that are more likely to go boom than bust. That is, find the stocks where the upside is compelling enough -- and the probability of the stock realizing that upside is high enough -- to more than compensate for the risks.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Triple-'F' Rated Stocks to Leave on the Shelf Don't have the time to do all that analysis across hundreds of small cap stocks? No worries. I've done some of that leg work for you. Without further ado, then, let's take a look at 5 small cap stocks that could soar 200% or more over the next five years. Plug Power (PLUG)Source: Shutterstock Current Price: $2.80Potential 2024 Price: $12Five Year Upside Potential: ~330%First up, we have hydrogen fuel cell maker Plug Power (NASDAQ:PLUG). Most infamous for its 99.9% decline from 2000 to 2019, PLUG stock actually now has all the ingredients of a potential multi-bagger over the next few years.Here's the logic. Hydrogen fuel cell technology has lagged electric battery technology in terms of alternative fuel adoption for several years. But hydrogen tech is starting to catch on. This is especially true in the commercial market, where large enterprises are starting to value the longer life and shorter re-charging times hydrogen fuel cells offer versus their electric battery counterparts. This is largely why Plug Power had reported 20%-plus revenue growth since 2016.Management expects this big growth to continue, driven by expansion of HFC adoption in core commercial markets. Specifically, management is pointing towards $1 billion in revenue by 2024, with $200 million in EBITDA. Is that possible? Yes, but unlikely. Nonetheless, 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 300% from here over the next few years. Aphria (APHA)Source: Shutterstock Current Price: $6Potential 2024 Price: $24Five Year Upside Potential: ~300%Next up, we have small-cap Canadian cannabis producer Aphria (NASDAQ:APHA). Aphria is most famous on Wall Street as being the first Canadian cannabis company to strike a profit. But the company -- and stock -- could be so much more than that in the long run.Consider this. Most company and analyst estimates peg the global cannabis market as growing to $200 billion in annual revenues within the next 10 to 15 years. Let's call it 15 years. Thus, Aphria is at the epicenter of a market that will be $200 billion large in 15 years.Sure, Aphria isn't a big player in that market. But they have a unique and established value prop as the low cost, discount player in the market. That value prop has enduring demand. So long as Aphria maintains that value prop and dominates the discount cannabis niche, this company will forever command a respectable share in the cannabis market.Extrapolate it out. Maybe Aphria nets just 2% share in 15 years. In a $200 billion market, that equates to about $4 billion in revenue. The company already has sky high gross margins. They should pan out around 55% at scale, while big revenue growth will drive the opex rate down to a much more normal 30% in the long run. Therefore, with Aphria, we are talking about a company that within 15 years, could net 25% operating margins on $4 billion in revenue. * 8 Dividend Stocks to Buy for a Recession Net net, that combination makes $3.50 in EPS seem doable in 15 years. Based on a market average 16-times forward multiple, that implies a 14-year-forward price target for APHA stock of $56. Discounted back by 10% per year, that equates to a 5-year-forward price target of $24 -- about 300% above today's price tag. Jumia (JMIA)Source: Shutterstock Current Price: $10Potential 2024 Price: $30Five Year Upside Potential: ~200%The third stock on this list of potential multi-baggers is African e-commerce company Jumia (NYSE:JMIA).The bull thesis on JMIA stock is that Jumia turns into the JD.Com (NASDAQ:JD) of Africa. That is, with an internet penetration rate that is only 40% but rapidly rising, Africa appears positioned for a digital economic renaissance in the 2020s that will look very similar to China's digital economic renaissance of the 2010s, which birthed many multi-billion dollar companies, like Chinese e-commerce juggernaut JD.Here are the numbers. China will close the decade at 60% internet penetration, after starting the decade around 40% internet penetration. Let's say Africa follows a similar 40% to 60% internet penetration ramp in the 2020s. At the same time, Africa projects to have the fastest growing population in the 2020s, and that population skews young. The implication? Of the 1.7 billion people that are projected to be in Africa by 2030, around 1 billion will be on the internet, and those 1 billion will largely skew young and therefore be highly engaged in the digital channel.Let's say Jumia controls just 10% of that market, for 100 million active buyers Let's also say that those buyers spend a very pedestrian $400 per year on Jumia, versus the thousands per year consumers spend on Amazon (NASDAQ:AMZN). That would give Jumia a $40 billion gross merchandise value by 2030, which with a historically average 15% take rate, equates to $6 billion in revenue.Further assuming Amazon-like 5% operating margins, that should flow into $300 million in operating profits, which should easily flow into $200 million-plus in net profits. Based on a growth stock average 20-times forward earnings multiple, that implies a $4 billion valuation by 2029. On 80 million shares, you are talking a $50 price target by 2029. Using a 10% discount rate, that equates to a $30 price target by 2024. New Age Beverages (NBEV)Source: Toshio Chan / Shutterstock.com Current Price: $3Potential 2024 Price: $15Five Year Upside Potential: ~400%The fourth stock on this list of potential small-cap multi-baggers is healthy beverage company New Age Beverages (NASDAQ:NBEV).New Age Beverages is trying to be the world's leading healthy beverage company. It hasn't worked out so far. Just look at NBEV stock over the past year. The chart isn't pretty. But thanks to a series of acquisitions, New Age Beverages has finally equipped itself with a respectable portfolio of healthy beverages that appear to be on the up and up, including Marley, Coco-Libre, Bucha Live Kombucha, Evian water and Illy coffee. New Age Beverages has consequently reported very healthy mid to high single digit organic sales growth so far in 2019.I don't see secular health awareness trends going anywhere anytime soon. These trends should create a rising tide which will lift most boats in the healthy beverage market, including New Age's healthy drinks. Further adding firepower to the top-line will be New Age's push into CBD-infused beverages in the very big U.S. cannabis market.Big picture -- the stars have aligned for New Age Beverages to report steady low double digit revenue growth over the next few years. Alongside that healthy revenue growth, margins will move higher because of positive operating leverage and gross margin expansion from a push into higher margin products. Assuming double-digit revenue growth and margin expansion, EPS here should reach around $0.75 by 2025. * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars Throwing a consumer discretionary sector average 20-times forward multiple on that $0.75 EPS target, we arrive at a 2024 price target for NBEV stock of $15. That is five-fold the current price tag on the stock. NIO (NIO)Source: xiaorui / Shutterstock.com Current Price: $3Potential 2024 Price: $14Five Year Upside Potential: ~370%Last, but not least, on this list of potential breakout small-cap stocks is Chinese luxury electric vehicle maker NIO (NASDAQ:NIO).Often called the Tesla (NASDAQ:TSLA) of China, NIO hasn't quite lived up to that reputation. Say what you will about Tesla, but from day one, the company's delivery volumes have been on the up and up, and the company has consistently grown reach, deliveries and revenues over a multi-year period.The same has not been true over at NIO. NIO started delivering luxury electric vehicles about a year ago. They company started off red hot, delivering 3,600 vehicles in 3Q18 and nearly 8,000 cars in 4Q18. But the growth narrative has come undone in 2019 amid a massive slowdown in China's auto market, and NIO's quarterly delivery volumes are at 3,500 today… and rapidly dropping.In the big picture, there are simply way too many EV companies in China, and as the market cools, it is consolidating around a few players. The implication is that most Chinese EV companies will go bust, and a few will go boom. Probabilities say NIO goes bust, hence the $3 price tag for NIO stock. But given that this company has crafted a niche for itself in the luxury market, there is a possibility NIO goes boom.Let's say it does go boom. I think China's auto market hits 30 million cars by 2030 and that 25% of those will be EVs -- so about 7.5 million EVs. NIO can maybe control 5% of the market, implying around 375,000 annual deliveries. Assuming a $50,000 ASP and auto average 10% operating margins, I think that production volume easily flows into about $1.40 in EPS by 2030.Assuming a market average 16-times forward earnings multiple, $1.40 in 2030 projected EPS should produce a 2029 price target of over $22. Discounted back by 10% per year, that equates to a 2024 price target for NIO stock of roughly $14 -- almost 400% above today's price tag.As of this writing, Luke Lango was long APHA, JD, AMZN and TSLA. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Triple-'F' Rated Stocks to Leave on the Shelf * 10 Excellent Stocks to Watch for 2020 and Beyond * 7 Consumer Stocks to Buy in an Uncertain Market The post 5 Small Cap Stocks That Could Soar 200% appeared first on InvestorPlace.
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 ...
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.