NYS Common Retirement Fund Cuts Holdings in Plug Power by 3.2% in Q1
August 12, 2023
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Plug Power ($NASDAQ:PLUG) Inc. is a leading manufacturer of hydrogen and fuel cell solutions that enable customers to optimize energy costs, minimize environmental impact, and increase productivity. This decrease in holdings means that the fund is re-evaluating its exposure to Plug Power Inc., possibly due to the current market environment or its own analyses of the company’s performance. It may also reflect the fact that the fund has shifted its investments into other stocks or sectors. Whatever the reason, this move by the fund could put downward pressure on Plug Power Inc.’s stock price, as well as on the confidence of other investors.
Analysis
At GoodWhale, we conducted an analysis of PLUG POWER, a leading hydrogen and fuel cell technology company. We assessed their financial and business aspects to determine the risk rating of investing in their stock. After looking at their balance sheet, cash flow statement, and other key factors, we determined that PLUG POWER is a medium risk investment. However, our analysis didn’t stop there. We identified two risk warnings in their balance sheet and cash flow statement. If you’re interested in learning more about these risks, become a registered user with GoodWhale. We can provide more detailed information on our findings and help you make an informed investment decision. More…
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% |
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 analysis of Plug Power Inc. (PLUG) has been mixed in recent quarters. This caused a dip in the stock price on the same day. On the other hand, analysts are generally positive on the stock, with many maintaining a “Buy” or “Strong Buy” recommendation.
Overall, investors should consider their own risk tolerance and investment objectives before making any decisions regarding PLUG. It is also important to remember that investing in any company involves inherent risk and should be done carefully and with due diligence.
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