Plug Power to build $290M green hydrogen project in New York

  • Plug Power (NASDAQ:PLUG) +4.3% post-market after saying it will move forward with plans to build a $290M hydrogen fuel production plant and electric substation in western New York state.
  • Plug says the plant will be North America's largest green hydrogen production facility, producing 45 metric tons/day of green liquid hydrogen for freight transportation and materials handling equipment.
  • Construction is expected to start this summer and conclude in late 2022.
  • The company has announced plans for five regional green hydrogen facilities in the U.S., with all five expected to be operational by 2024.

    Plug Power fundamentals

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    Over the current book year the total revenue will be 463.71 million USD (consensus estimates). This is quite lower than 2020's revenue of -100.47 million USD.

    Historical revenues and results Plug Power Inc plus estimates 2020

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    The analysts expect for 2021 a net loss of 119 million USD. According to most of the analysts the company will have a loss per share for this book year of 24 cent. The PE-ratio therefore is -201.58.

    For this year analysts don't expect the company to pay a dividend. The average dividend yield of the industrial companies is a moderate 0.73 percent.

    Based on the current number of outstanding shares Plug Power Inc 's market capitalization 14.68 billion USD. The Plug Power Inc stock was the past 12 months quite volatile. Since last February the stock is even 1015 percent higher. This year the stock price moved between 3 and 75 dollar.

    Historical stock prices Plug Power Inc

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    Click here for dividend Plug Power Inc. On Friday the stock closed at 48.38 USD.

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