Pluger Stock: Buy, Sell, or Hold?


Plug (NASDAQ: Plip)Hydrogen charging technologies, fell about 99% of its situated from designing design and it has been planned in the initial.

New business has attracted attention of Amazon (NASDAQ: Amzn) And Sorlead (NYSE: WMT)And two retail giants became two largest customers of plug. But it is still difficult to grow slowly and high loss around the past few years, and hydrogen market all the time.

What hope for the rich these levels? Let’s review the main reason to buy, sell, and hold stock that share this.

The truck charging at hydraulic charger station.
Image source: Getty image.

Bears will tell you, 26 years after its IPO, PLUG POWER has not proved that his business model is sustainable. Instead, it just got Amazon and Walmart is its supreme client by subsidating their own cells Guarantee – Or the choice of purchase its stock more in discounts.

Each year 2018 to 2018 to 2018 to 2018 to 2018 to 2020 Reports in reality Negative By 2020.

Its income has become positive again in 2021 and growth in 2022 and 2023, but most growth is growing smaller devices. Meanwhile, Core Systems Cell Business Cell Business and Charging It is a fight as a macro HELDWigs that require a new charging market.

In the first 9 months of the first year 2024, the pluguenue income while the pump fully and the hydraulic sales. The edge of its operating still falls while it racked up a shocking loss.

Metal

2021

2022

2023

First 9 months of the year 2024

Income

502 million dollars

701 million dollars

$ 891 million

$ 437 million dollars

Yoy’s growth

n / a *

A hundred

27%

(35%)

Margin

(87%)

(97%)

(151%)

(165%)

Net Income (Loss)

($ 460 million)

($ 724 million)

($ 1.37 billion)

($ 769 million)

Source Source: Plug Power. yoy = year over the years. * Due to compensation.

For a full year, analysts expect plug revenues decreased 21% to $ 70. $ 738 million in loss of $ 738 million. That seems to be a scary situation for the company that ended in the third quarter with only US $ 94 million and equivalent.



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