Plug Power Inc

PLUG-Q

NASDAQ:PLUG

24.07
0.40 (1.63%)
Plug Power is an American company engaged in the design and manufacturing of hydrogen fuel cell systems that replace conventional batteries in equipment and vehicles powered by electricity. The company is headquartered in Latham, New York, and has facilities in Spokane, Washington, and Rochester, NY.
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Analysis and Opinions about PLUG-Q

Signal
Opinion
Expert
BUY
BUY
November 18, 2020

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.

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Plug Power Inc (PLUG-Q)
November 18, 2020

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.

COMMENT
COMMENT
October 26, 2020
A hydrogen fuel cell play. After years of skepticism, he now believes in this story. PLUG already has a big business providing power for forklifts. It's generating a lot of cash. Strong public interest in fuel cells is a tailwind. Last month, PLUG held an analysts meeting, and the stock shot up from $11 to $19. It's come down some since to $14. Could be a buying opportunity now.
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Plug Power Inc (PLUG-Q)
October 26, 2020
A hydrogen fuel cell play. After years of skepticism, he now believes in this story. PLUG already has a big business providing power for forklifts. It's generating a lot of cash. Strong public interest in fuel cells is a tailwind. Last month, PLUG held an analysts meeting, and the stock shot up from $11 to $19. It's come down some since to $14. Could be a buying opportunity now.
BUY WEAKNESS
BUY WEAKNESS
October 9, 2020

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.

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Plug Power Inc (PLUG-Q)
October 9, 2020

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.

BUY
BUY
September 18, 2020
Likes it. They made excellent acquisitions which changed his tune. Now, a buy.
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Plug Power Inc (PLUG-Q)
September 18, 2020
Likes it. They made excellent acquisitions which changed his tune. Now, a buy.
COMMENT
COMMENT
January 9, 2020

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.

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Plug Power Inc (PLUG-Q)
January 9, 2020

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.

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Plug Power Inc(PLUG-Q) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 3

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 3

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, 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.

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?

3 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 2020-12-02, Plug Power Inc (PLUG-Q) stock closed at a price of $24.07.