Plug Power Intrinsic Value Calculation – PLUG POWER Reports Q2 FY2023 Earnings Results, Ending June 30 2023
August 20, 2023
🌥️Earnings Overview
PLUG POWER ($NASDAQ:PLUG) reported their earnings results for the second quarter of FY2023, ending June 30 2023. The total revenue for the quarter was USD 260.2 million, showing a major rise of 72.0% compared to the prior year period. Nonetheless, net income for this quarter was said to be USD -236.4 million, lower than the -173.3 million reported in the same quarter of last year.
Stock Price
On Wednesday, PLUG POWER reported its Q2 FY2023 earnings results, ending June 30 2023. The results showed that PLUG POWER stock opened at $10.9 and closed at $10.8, representing a decrease of 1.5% from its previous closing price of 10.9. This is indicative of the volatile nature of the stock market. Despite this drop, investors remain optimistic about PLUG POWER’s future prospects. This marks a strong financial performance for PLUG POWER in the second quarter of the fiscal year.
This is a reflection of the company’s successful efforts to expand into new markets and capitalize on emerging technologies. Looking ahead, PLUG POWER is well-positioned to continue its success in the quarters to come. With the company actively expanding its customer base and introducing innovative products, there is plenty of room for growth down the line. Investors should watch the company closely in the coming quarters to see how it performs in a dynamic market environment. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Plug Power. More…
| Total Revenues | Net Income | Net Margin |
| 879.84 | -837.18 | -89.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Plug Power. More…
| Operations | Investing | Financing |
| -1.05k | -339.25 | -21.1 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Plug Power. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.58k | 1.84k | 6.21 |
Key Ratios Snapshot
Some of the financial key ratios for Plug Power are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 50.1% | – | -90.6% |
| FCF Margin | ROE | ROA |
| -190.7% | -13.0% | -8.9% |
Analysis – Plug Power Intrinsic Value Calculation
At GoodWhale, we are pleased to present our analysis of PLUG POWER‘s financials. After thorough examination of the company’s performance and potential, we have determined that the intrinsic value of PLUG POWER share is around $91.6. This value was calculated using our proprietary Valuation Line which takes into account several key metrics. At the moment, the PLUG POWER stock is trading at a price of $10.8 – more than 88.2% below its true value. This marks a great opportunity for investors looking to buy in at a discounted rate and benefit from potential capital gains in the future. We advise investors to monitor the stock closely and consider investing now when prices are low. More…
Peers
Plug Power Inc. is a leading provider of energy solutions that enable its customers to power their operations with clean, reliable energy. The company’s products and services include fuel cells, hydrogen refueling, and power management systems. Plug Power Inc. competes with Loop Energy Inc, AFC Energy PLC, and Greenchek Technology Inc in the provision of energy solutions.
– Loop Energy Inc ($TSX:LPEN)
As of 2022, Loop Energy Inc has a market cap of 60.66M. The company has a Return on Equity of -31.52%. Loop Energy Inc is a company that provides fuel cells and hydrogen fuel cell electric vehicles. The company’s products are used in a variety of applications, including automotive, transportation, stationary power, and portable power.
– AFC Energy PLC ($LSE:AFC)
AFC Energy PLC is a company that focuses on providing alternative energy solutions. The company has a market capitalization of 143.44 million as of 2022 and a return on equity of -24.64%. Despite the negative return on equity, the company’s market capitalization indicates that investors are still confident in the company’s ability to generate future returns. The company’s focus on alternative energy solutions makes it a unique player in the market and gives it a potential growth opportunity in the future.
– Greenchek Technology Inc ($OTCPK:GCHK)
Greenchek Technology Inc is a publicly traded company that engages in the design, manufacture, and sale of electronic test and measurement equipment. The company has a market cap of 35.51k as of 2022 and a return on equity of 2.93%. Greenchek Technology Inc’s products are used in a variety of industries, including telecommunications, aerospace, defense, and semiconductor. The company’s products are sold worldwide through a network of distributors and resellers.
Summary
Investors may be interested in PLUG POWER, which reported total revenue of USD 260.2 million for the second quarter of FY2023, a 72.0% increase from the same period last year. However, the company’s net income for the quarter was a loss of USD -236.4 million, representing a decrease from -173.3 million in the same period last year. Potential investors should consider all relevant factors before investing in PLUG POWER, such as competitive analysis and financial performance. Additionally, they should also keep an eye on the company’s future earnings expectations as well as any changes in its strategies.
