Plug Power Stock Fair Value Calculator – PLUG POWER Reports Third Quarter Fiscal Year 2023 Earnings Results on November 9, 2023
November 23, 2023
🌥️Earnings Overview
On November 9, 2023, PLUG POWER ($NASDAQ:PLUG) reported their earnings results for the third quarter of fiscal year 2023 (ending September 30, 2023). Year-over-year, total revenue rose 5.3% to USD 198.7 million, while net income decreased from -170.8 million to -283.5 million.
Price History
The stock opened at $6.1 and closed at $5.9, a decrease of 1.5% from the last closing price of 6.0. This decreased stock price suggests that investors are becoming more cautious with the company’s earnings expectations. As such, they have been a leader in the development and deployment of alternative energy solutions for commercial and industrial applications. Their portfolio of products includes stationary and portable fuel cells, fuel cell stacks, power packs and fueling systems.
Although the overall market sentiment may be bearish for the company, PLUG POWER remains committed to developing the latest technologies and investing in new projects that will help to further their market share and increase their profitability. As such, PLUG POWER will likely continue to be a major player in the alternative energy space in the coming years. 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 |
| 889.92 | -949.9 | -100.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Plug Power. More…
| Operations | Investing | Financing |
| -1.17k | -198.23 | -21.7 |
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 |
| 5.45k | 1.94k | 5.8 |
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 |
| 42.5% | – | -102.7% |
| FCF Margin | ROE | ROA |
| -202.7% | -15.8% | -10.5% |
Analysis – Plug Power Stock Fair Value Calculator
At GoodWhale, we have conducted an analysis of the intrinsic value of PLUG POWER‘s stock. Our proprietary Valuation Line model reveals that the true value of PLUG POWER is around $69.8 per share. This means that the current trading price of PLUG POWER stock is undervalued by an astonishing 91.5%, with stocks being traded at only $5.9. It is therefore a great opportunity for investors to get involved in this booming company and capitalize on the potential growth of PLUG POWER’s stock. More…
Peers
Plug Power Inc. is a leading provider of energy solutions that enable its customers to power their operations with clean, reliable energy. The company’s products and services include fuel cells, hydrogen refueling, and power management systems. Plug Power Inc. competes with Loop Energy Inc, AFC Energy PLC, and Greenchek Technology Inc in the provision of energy solutions.
– Loop Energy Inc ($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 of PLUG POWER are digesting the company’s third quarter fiscal year 2023 earnings results, which were reported on November 9, 2023. Total revenue was up 5.3% year-over-year, reaching USD 198.7 million.
However, net income decreased from the previous year’s -170.8 million to -283.5 million. Despite the increasing revenue, the large net loss is causing investors to question the future performance of the company. Looking forward, investors will be closely monitoring PLUG POWER’s financials and business developments to determine if the stock is a viable investment opportunity.
