Why Is Everyone Bullish on Plug Power (NASDAQ:PLUG)?

Plug Power (NASDAQ:PLUG) has been making waves lately, climbing over 16% just in one day (on December 8). Plug Power stock seems like a strong investment opportunity because of its mass penetration in the fuel cell economy. Plug Power makes solutions for hydrogen fuel cell systems used for the industrial off-road market and the stationary power market.

Plug Power recently posted a strong third quarter earnings report. Analysts are also bullish on the stock. Oppenheimer raised its price target for Plug Power to $23, maintaining a buy rating. Craig Irwin, an analyst at Roth Capital, also increased his price target to $22.

Plug Power prices

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Year expectations Plug Power


For this year the company from Latham could earn a total revenue around 324,08 million USD. This is according to the average of the analysts' estimates. This is hugely more than 2019's revenue of 230,24 million USD.

Historical revenues and results Plug Power Inc plus estimates 2020

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The analysts expect for 2020 a net loss of 107 million USD. The majority of the analysts expects for this year a loss per share of 31 cent. Based on this the price/earnings-ratio is -92,71.

Analysts don't expect the company to pay a dividend. The average dividend yield of the industrial companies equals a low 0,24 percent.

Based on the current number of outstanding shares Plug Power Inc 's market capitalization 6,3 billion USD. The Plug Power Inc stock was the past 12 months quite volatile. Since last December the stock is even 836 percent higher. This year the stock price moved between 3 and 29 dollar.

Historical stock prices Plug Power Inc

fundamental data plugpowerinc

Click here for dividend Plug Power Inc. On Tuesday the stock closed at 28,74 USD.

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