Plug power stock earnings date 20218/11/2023 ![]() ![]() ![]() ![]() ![]() Spain is a strategic country for Plug with a great potential for hydrogen. We presented in Spain the results of this partnership – the Renault Master Van H2-TECH. We combined Renault’s automotive leadership with Plug’s hydrogen technology. “Two years ago Renault Group and Plug joined forces in the HYVIA Joint Venture to create the leader in fuel cell light commercial duty vehicles in Europe. The company is headquartered in Latham, New York.įlashback on HYVIA and Plug events in Spain with Renault Master Van H2-TECH on test drive : have a look to this video with José Luis Crespo and Julien Etienne! provides turnkey hydrogen fuel cell solutions for the stationary power and electric mobility markets in North America and Europe. State location: NY | State of Inc.: DE | Fiscal Year End: 1231 SIC: 3620 - ELECTRICAL INDUSTRIAL APPARATUS GenDrive units occupy the same space designed for conventional batteries. It allows hydrogen-powered forklifts to run at a constant steady power compared to conventional batteries, which experience "droop" in their output towards the end of a shift. Plug Power's GenDrive system integrates fuel cells manufactured by both Plug Power and Ballard Power Systems and incorporates a hydrogen storage system that allows the system to "recharge" in a matter of minutes as opposed to several hours for lead-acid batteries. The company is headquartered in Latham, New York, and has facilities in Spokane, Washington, and Rochester, New York. is an American company engaged in the development of hydrogen fuel cell systems that replace conventional batteries in equipment and vehicles powered by electricity. The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice.Plug Power Inc. And this huge expectation in this industry is mainly driven by energy and transportation.īesides $PLUG, Bloom Energy (NYSE:BE), Air Products (NYSE:APD), and Ballard Power Systems (NASDAQ:BLDP) are top hydrogen stocks to watch this year. Moreover, the consensus mark for revenues from fuel delivered to customers and related equipment points over 100% upsurge from the third-quarter 2022 reported figure.Īccording to The Bank of America (NYSE:BAC), the hydrogen economy could potentially increase to be an $11 Trillion market by 2050. Here, the advantages from these acquisitions may be reflected in revenues from sales of fuel cell systems, and similar infrastructure and equipment. The procurement, manufacturing costs and fuel costs are likely to have weighed on the fourth-quarter performance of Plug Power, according to Yahoo Finance.Īdditionally, the acquisitions of Applied Cryo (November 2021), Frames Holding (December 2021), and Joule Processing (January 2022) are expected to leave a positive impact on the performance of Plug Power. The high commodity costs are because of inflationary pressure, and costs associated with supply-chain issues. Plug Power has a dull earnings surprise history. The net income of Q3 2022 is -$170.76 Million. Estimated earnings for the next quarter are -$0.25, and revenue is expected to reach $279.91 Million. Plug Power revenue for the same period amounts to 188.63 Million despite the estimated figure of $243.14 Million. And its earnings for the last quarter are -$0.30 whereas the estimation was -$0.24 which accounts for -25.25% surprise. The current $PLUG market cap is $8.475 Billion. So if the earnings are splendid then a good price movement can be expected from $PLUG share. It must be noted that Plug Power will release its Q4 2022 results on March 1st after market closing. In its last day of trading $PLUG traded at $14.65 and marked the upsurge of 0.76%. ![]()
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