Plug Power Ready to Share Q3 Earnings: What to Look For?
November 4, 2023
☀️Trending News
Plug Power ($NASDAQ:PLUG), a leading provider of fuel cell and hydrogen technologies, is set to report their third quarter earnings. Investors are eager to learn of the company’s progress and growth over the past quarter. It will be interesting to see what Plug Power has in store for their Q3 earnings report. Plug Power is a publicly traded company that develops, manufactures, and commercializes hydrogen and fuel cell systems. The company’s fuel cells are used for Material Handling (forklifts) and Last-Mile and Heavy Duty Vehicle fleets including commercial vans, buses, and trucks. Plug Power’s technologies provide emission-free energy solutions that help customers reduce costs and increase efficiency. As a result, the company has seen tremendous growth over the last few years. Investors will be closely watching the Q3 earnings report to get an idea of the company’s performance. For instance, they will be interested in seeing how Plug Power’s sales, gross margins, cash flow, and other financial metrics have been performing.
Additionally, investors will be looking for news about any potential partnerships or new product launches that may be in the works. Overall, Plug Power’s Q3 earnings report should provide investors with a good look at the company’s progress over the past quarter. With such a strong track record of growth and success, investors are likely to be pleased with the results.
Earnings
Plug Power is set to announce their quarterly earnings report for the fiscal year ending June 30, 2021. According to their latest results, the company earned 124.56 million USD in total revenue, and suffered a net income loss of 99.63 million USD. This marks a 17.7 percent decrease in total revenue compared to the previous year.
However, PLUG POWER‘s total revenue has seen steady growth over the past three years, increasing from 124.56 million USD to 260.18 million USD. Investors will be looking closely at PLUG POWER’s earnings report, to gain insight into the company’s overall performance and potential for future success. They may also be interested in factors that have impacted the company’s total revenue, such as changes in market conditions or product demand. By evaluating these and other key metrics, investors will be able to make more informed decisions regarding the potential of PLUG POWER.
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% |
Price History
Friday saw PLUG POWER’s stock open at $6.5 and close at $6.6, representing a 5.6% increase from its last closing price of $6.3. Investors are now anticipating the company’s Q3 earnings report, which is set to be released soon. Investors should focus on the company’s financial performance in the quarter, such as its sales, revenue growth, and profitability. Other topics to consider include the company’s progress on strategic initiatives, plans for new product releases, and potential acquisitions.
Finally, investors should take into account any comments from the management team regarding changes in capital structure, and whether there are any changes to the company’s outlook for the future. With PLUG POWER ready to share its third-quarter earnings results, investors should monitor these key points closely. Live Quote…
Analysis
GoodWhale has conducted an analysis of PLUG POWER‘s financials. Our Star Chart shows that PLUG POWER has an intermediate health score of 4/10 with regard to its cashflows and debt, meaning that it is likely to safely ride out any crisis without the risk of bankruptcy. Further analysis of PLUG POWER’s financials reveals that the company is strong in asset, growth, and weak in dividend, profitability. Based on our assessment, we have classified PLUG POWER as a ‘cheetah’, a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. Investors interested in PLUG POWER may be those seeking rapid growth or upside potential with a higher risk tolerance. Such investors may be attracted to the company’s ability to generate high revenue or earnings growth, despite its lower profitability. Additionally, while PLUG POWER has a moderate health score, its debt situation also indicates potential for greater returns than other more stable companies. 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
Investing in Plug Power can be a lucrative opportunity for investors. Analysts are expecting a significant increase in revenues compared to the previous quarter, driven by robust demand for hydrogen fuel cells and other fuel cell products. Additionally, Plug Power has also made progress in expanding its services into the automotive industry, and its strategic partnerships with leading automakers should further boost its profitability going forward. With a strong management team and innovative technology, Plug Power remains a promising choice for investors who are looking for high returns.
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