NASDAQ:PLUG

2.48
0.12 (4.44%) 1d
0

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Investor Insights

This summary was created by AI, based on 5 opinions in the last 12 months.

The experts have mixed opinions about PLUG-Q stock. While some are concerned about the company's consistent losses, negative cash flow, and capital needs, others are hopeful about its fundamental growth potential. The consensus seems to be that the company is not performing well and investors should exercise caution. The stock has been disappointing for a while, and it may be best to wait for more favorable conditions before considering an investment.

Consensus
Caution
Valuation
Overvalued
DON'T BUY
Plug Power Inc

He can't recommend any company losing money.

electrical / electronic
HOLD
Plug Power Inc
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

PLUG stock has been quite weak, but it is still in fundamental growth mode. Sales are expected to go from ~$700M in 2022 to more than $1.9B in 2024, based on estimates. It is, however, still losing money, with negative cash flow, and in a weaker market tape investors get more concerned about this. The balance sheet is decent, with about $400M net cash, but we note cash flow was negative $1B in the last 12 months. It will likely need more capital, and it may be more interesting when it decides to issue equity (we are assuming a discounted price if this happens). Its loss last quarter was higher than expected, and it had previously expected to be profitable this year, but this now looks to be pushed into 2025. So, we like the growth trend, but are a little concerned about its capital needs. We think buyers can wait here. 
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electrical / electronic
DON'T BUY
Plug Power Inc

They just reported bad numbers. Avoid.

electrical / electronic
SELL ON STRENGTH
Plug Power Inc
It reports next week.

If shares bounce, then sell. PLUG has disappointed for so long.

electrical / electronic
SELL ON STRENGTH
Plug Power Inc

Is heavily shorted. If it gains 20%, sell. But it's a bad company that's disappointed.

electrical / electronic
COMMENT
Plug Power Inc
They need earnings. If they get them, this can go even higher.
electrical / electronic
COMMENT
Plug Power Inc
The Inflation Reduction Act will support cheaper hydrogen, which is a tailwind for PLUG. PLUG reports tomorrow. But they need to be more than just a niche fuel-cell producer. PLUG doesn't do well in earnings day, so keep that in mind.
electrical / electronic
SELL ON STRENGTH
Plug Power Inc
It needs interest rates to go down before this stock goes higher. Don't sell it in the $30, though sell in the $40s for a trade.
electrical / electronic
HOLD
Plug Power Inc
Hold. It just saw a huge run-up, and historically it pulls back after strong runs.
electrical / electronic
BUY
Plug Power Inc
A great environmental play, making hydrogen fuel cells. The stock broke out today by nearly 9%. It remains a revenue, not an earnings story, but he believes clean energy buyers will keep this stock going for the next two months at least.
electrical / electronic
PARTIAL BUY
Plug Power Inc
He loves hydrogen power, and PLUG is the most visible may to play it, but Linde is the biggest maker of this power.
electrical / electronic
COMMENT
Plug Power Inc
If their report screws up in the first week of August, after what's happened they MUST put up good numbers.
electrical / electronic
DON'T BUY
Plug Power Inc
Don't worry about the class-action lawsuit. If you believe in hydrogen power, buy PLUG. However, PLUG's accounting irregularity made him sour on this stock at all.
electrical / electronic
HOLD
Plug Power Inc

At the heart of debate on hydrogen power. Used in forklifts and such so that the Amazons and Walmarts of the world can reduce carbon footprint. He has a small position in BLDP instead. Both will do well as the market grows and the infrastructure builds out. Accounting issues at PLUG suggest caution.

electrical / electronic
BUY
Plug Power Inc
FCT-X recently downgraded by an analyst FCT is not as good as PLUG. which have enough money to get it where green hydrogen is accepted as a legitimate fuel.
electrical / electronic
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Plug Power Inc(PLUG-Q) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 4

Total Signals / Votes : 5

Stockchase rating for Plug Power Inc is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Plug Power Inc(PLUG-Q) Frequently Asked Questions

What is Plug Power Inc stock symbol?

Plug Power Inc is a American stock, trading under the symbol PLUG-Q on the NASDAQ (PLUG). It is usually referred to as NASDAQ:PLUG or PLUG-Q

Is Plug Power Inc a buy or a sell?

In the last year, 5 stock analysts published opinions about PLUG-Q. 0 analysts recommended to BUY the stock. 4 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Plug Power Inc.

Is Plug Power Inc a good investment or a top pick?

Plug Power Inc was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Plug Power Inc.

Why is Plug Power Inc stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Plug Power Inc worth watching?

5 stock analysts on Stockchase covered Plug Power Inc In the last year. It is a trending stock that is worth watching.

What is Plug Power Inc stock price?

On 2024-04-24, Plug Power Inc (PLUG-Q) stock closed at a price of $2.475.