Plug Power Inc. provides turnkey hydrogen fuel cell solutions for the stationary power and electric mobility markets in North America and Europe. The company is headquartered in Latham, New York.
| Revenue (TTM) | $744.09M |
| Gross Profit (TTM) | $-184.15M |
| EBITDA | $-512.10M |
| Operating Margin | -24.90% |
| Return on Equity | -145.00% |
| Return on Assets | -12.20% |
| Revenue/Share (TTM) | $0.56 |
| Book Value | $0.42 |
| Price-to-Book | 5.07 |
| Price-to-Sales (TTM) | 4.08 |
| EV/Revenue | 5.14 |
| EV/EBITDA | -2.23 |
| Quarterly Earnings Growth (YoY) | 0.00% |
| Quarterly Revenue Growth (YoY) | 2.50% |
| Shares Outstanding | $1.40B |
| Float | $1.33B |
| % Insiders | 4.54% |
| % Institutions | 73.13% |
Volatility is currently contracting
A risk-on tape is lifting high-beta fuel cell names on Thursday, but the group is splitting sharply on the way up. Bloom Energy (NYSE:BE) stock is up 8% to $233.69 in midday trading.
PLUG's electrolyzer revenues hold steady at $54.1 million as major projects and rising green hydrogen demand support growth prospects.
Risk appetite is drifting back into the hydrogen and fuel cell corner Thursday, and the market is sorting the group by share price rather than fundamentals. Plug Power (NASDAQ:PLUG) stock is up 4% to $2.
Plug Power (NASDAQ:PLUG) stock is down 5% to $2.16 in midday trading Wednesday, leading a pullback across the fuel cell pure plays.
Plug Power stock has pulled back sharply in recent months, sliding nearly 48% from its year-to-date high of $4.33 to $2.27. The retreat comes even as the company's turnaround strategy takes shape, with short interest remaining stubbornly elevated throughout the decline.
Plug Power reported better-than-expected second-quarter results, with both sales and non-GAAP profitability outperforming expectations as the company continues to benefit from recent restructuring and cost-reduction initiatives. On the conference call, management raised full-year sales guidance slightly and reiterated expectations for achieving positive adjusted EBITDA in the fourth quarter. While gross margins continued to improve, cash burn remained elevated and the company's backlog decreased to new multi-year lows.
The hydrogen and fuel-cell trade is splitting in two Monday, and the sector fund tells almost none of that story.
The hydrogen trade is splitting Friday, refusing the tidy “yesterday's rout reverses” script that a bounce after Thursday's selloff might have suggested.
Hydrogen and fuel cell names are selling off together Thursday afternoon, and the damage is spreading unevenly across the group.
Hydrogen and fuel cell stocks are sliding Tuesday morning as the 10-year Treasury note yield sits near the top of its 52-week range.
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