![]() On the flip side, PLUG's Q4 2021 GAAP net loss per share of -$0.33 was much wider than the market consensus' bottom line forecast of -$0.11 per share. PLUG noted in the company's Q4 2021 shareholder letter that it "won 16 (electrolyzer) projects in 13 countries to date". Separately, I noted in my prior January 2022 update for Plug Power that "there is a very good chance that PLUG's revenue could surprise on the upside this year (2022), and the key factor is electrolyzer sales." It is encouraging that electrolyzer sales contributed more than 6% of Plug Power's Q4 2021 revenue. This brings PLUG another step closer to achieving its 2025 target of delivering a $3 billion top line. The midpoint of its 2022 top line guidance of $900-$925 million was close to +1% higher than the sell-side's consensus sales estimate (prior to Q4 results release) of $906 million as per S&P Capital IQ. The company generated revenue of $502 million for full-year fiscal 2021. ![]() PLUG's fourth-quarter top line came in +3% better than what Wall Street analysts were expecting. Plug Power's revenue expanded by +13% QoQ from $144 million in Q3 2021 to $162 million in the most recent quarter, as indicated in the company's Q4 2021 shareholder letter. PLUG Stock Key MetricsĪs a start, I review the key metrics associated with PLUG's most recent quarterly financial results. As such, I maintain my Buy rating for PLUG. This is because I deem the company's 2025 management guidance and 2026 consensus forecasts to be reasonable based on what I see from the company's current progress in various business areas. In the next five years, I expect robust revenue growth and improving profitability for PLUG. In the current article, I take a longer-term view and assess where I see Plug Power in five years' time, on top of reviewing recent metrics and highlighting near-term catalysts. I touched on the 2022 outlook for PLUG in my earlier article written on January 14, 2022. I continue to assign a Buy rating to Plug Power Inc. So we can see plug power stock prediction 2023 for 15.10 USD and 15.40 USD.JONGHO SHIN/iStock via Getty Images Elevator Pitch Due to the deteriorating fundamentals of the company, its stock is seeing a decline. Plug Power Stock Prediction 2023, 2024, 2025, 2026, 2030 Table YearĪt one time the price of this company used to be more than 1000 usd and today it is trading around 10 usd. in 2022 there has been a profit of $-460 Million with a revenue of $502 Million. In the same 2021, there was a profit of $-596 Million with a revenue of $-93.24 Million. There was a revenue of $230 Million in 2020 and a profit of $-85.47 Million. Its revenue in 2019 has been $175 Million and profit is $-78.11 Million. If we talk about the Revenue and Profit of Plug Power Limited then – has also partnered with a number of other companies to develop and deploy fuel cell systems for other operations, such as powering delivery vans and refrigerated trucks.Īlso Read – Pilbara Minerals Share Price Forecast Plug Power Financial Trends Plug Power’s fuel cell systems have been took up by a number of large companies in the material handling industry, including Walmart, Amazon, and Home Depot. Plug Power’s fuel cells are powered by hydrogen, which is stored in tanks and converted into electricity through a chemical reaction with oxygen from the air. The company’s fuel cell systems are designed to give effective and reliable power for a variety of applications, including material handling equipment, stationary power, and backup power. Currently the company is providing work force to more than 900 peoples, which is good. The company is specializes in the development of hydrogen fuel cell systems that are applied to power electric vehicles and other operations. ![]() Plug Power is an American company which was founded in 1997 and is based in Latham, New York.
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