PLUG-Q
They just completed a $845 million capital raise. PLUG is the least speculative of the fuel cell plays. In fact, the stock is up since that raise. True, Plug has broken many investors' hearts in the past, floundering for years, but their last report beat the street and customers include Walmart, FedEx, Kroger and Amazon. True, PLUG is still a long way to turning a profit but he enjoys these tailwinds: the Biden presidency will make regulations friendlier to green-energy companies; the price of wind and solar energy keeps getting cheaper; there's a renewable storage problem; and large companies are interested in hydrogen fuel cell power. Japan and Germany are investing in hydrogen power.
Hydrogen fuel cells are the next important energy source in the next 10-20 years, he predicts. Hydrogen could take market share from solar energy and even replace natural gas buildings across America. Hydrogen is clean energy when combined with oxygen and water. Hydrogen could power vehicles and store energy from wind and solar; storage is a problem with renewables, depending on good weather. The technology is not there yet: currently, 9 parts of fossil fuels produce 1 part of hydrogen, so it's inefficient. However, the price of producing "green hydrogen" with renewable energy is coming down. Hydrogen is bulky which is another problem. As the price of solar panels sinks, then the price of hydrogen looks viable. The pure play in hydrogen is Plug. They've been making fuel cells for over 20 years of ups and downs, but now on the right track. They're developing a more efficient forklift and making a hydrogen fuel system to replace old-school acid batteries in industrial trucks. But PLUG has had a huge move in the past year, so buy on a pullback. Their core business is to provide hydrogen fuel cells to forklifts of which they occupy 10% of the market, so there's room to grow. Their technology has already been adopted by Walmart, Home Depot and Amazon. They just signed a pilot program with Linde to test fuel cell engines, and are talking to a big European car maker. It's risky, though, so wait for a cheaper price.
Hydrogen fuel cells are the next important energy source in the next 10-20 years, he predicts. Hydrogen could take market share from solar energy and even replace natural gas buildings across America. Hydrogen is clean energy when combined with oxygen and water. Hydrogen could power vehicles and store energy from wind and solar; storage is a problem with renewables, depending on good weather. The technology is not there yet: currently, 9 parts of fossil fuels produce 1 part of hydrogen, so it's inefficient. However, the price of producing "green hydrogen" with renewable energy is coming down. Hydrogen is bulky which is another problem. As the price of solar panels sinks, then the price of hydrogen looks viable. The pure play in hydrogen is Plug. They've been making fuel cells for over 20 years of ups and downs, but now on the right track. They're developing a more efficient forklift and making a hydrogen fuel system to replace old-school acid batteries in industrial trucks. But PLUG has had a huge move in the past year, so buy on a pullback. Their core business is to provide hydrogen fuel cells to forklifts of which they occupy 10% of the market, so there's room to grow. Their technology has already been adopted by Walmart, Home Depot and Amazon. They just signed a pilot program with Linde to test fuel cell engines, and are talking to a big European car maker. It's risky, though, so wait for a cheaper price.
PLUG is a risky investment. CNN Business thinks the following for the next 12 months: "The 8 analysts offering 12-month price forecasts for Plug Power Inc. have a median target of $4.00." Experts on Stockchase did not review this stock yet, you can find more information on Tradingview.
PLUG is a risky investment. CNN Business thinks the following for the next 12 months: "The 8 analysts offering 12-month price forecasts for Plug Power Inc. have a median target of $4.00." Experts on Stockchase did not review this stock yet, you can find more information on Tradingview.
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 3
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 3
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
In the last year, 3 stock analysts published opinions about PLUG-Q. 3 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is BUY. Read the latest stock experts' ratings for Plug Power Inc.
Plug Power Inc was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Plug Power Inc.
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.
3 stock analysts on Stockchase covered Plug Power Inc In the last year. It is a trending stock that is worth watching.
On 2020-12-02, Plug Power Inc (PLUG-Q) stock closed at a price of $24.07.
They just completed a $845 million capital raise. PLUG is the least speculative of the fuel cell plays. In fact, the stock is up since that raise. True, Plug has broken many investors' hearts in the past, floundering for years, but their last report beat the street and customers include Walmart, FedEx, Kroger and Amazon. True, PLUG is still a long way to turning a profit but he enjoys these tailwinds: the Biden presidency will make regulations friendlier to green-energy companies; the price of wind and solar energy keeps getting cheaper; there's a renewable storage problem; and large companies are interested in hydrogen fuel cell power. Japan and Germany are investing in hydrogen power.