Plug Power Inc. develops hydrogen fuel cells product solutions in North America, Europe, Asia, and internationally. The company offers GenDrive, a hydrogen fueled proton exchange membrane (PEM) fuel cell system that provides power to material handling electric vehicles; GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors; Progen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems; GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing Internet of Things-based maintenance and on-site service program for GenDrive fuel cell systems, GenSure fuel cell systems, GenFuel hydrogen storage and dispensing products, and ProGen fuel cell engines; and GenKey, an integrated turn-key solution for transitioning to fuel cell power. It also provides electrolyzers, a hydrogen generator for clean hydrogen production; liquefaction systems that provides liquid hydrogen to customers; cryogenic equipment for the distribution of liquified hydrogen, oxygen, argon, nitrogen and other cryogenic gases, including trailers and mobile storage equipment; and liquid hydrogen, an alternative to fuel to fossil-based energy. The company sells its products through a direct product sales force, original equipment manufacturers, and dealer networks. Plug Power Inc. was incorporated in 1997 and is headquartered in Latham, New York.
Hydrogen Pionee | Plug Power navigates challenges in profitability and liquidity while positioning for growth in the expanding green hydrogen market |
Financial Hurdles | Q3 2024 results fell short of expectations, with revenue declining 25.89% over 12 months, but Q4 guidance suggests potential rebound |
Strategic Integration | Explore Plug Power's vertical integration strategy, aiming to improve margins and enable growth in stationary power sales over the long term |
Analyst Outlook | Average price target of $3.13, with projections ranging from $2.00 to $5.00, reflecting varied views on Plug Power's future prospects |
Metrics to compare | PLUG | Sector Sector - Average of metrics from a broad group of related Energy sector companies | Relationship RelationshipPLUGPeersSector | |
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P/E Ratio | −0.7x | −2.0x | 11.8x | |
PEG Ratio | 0.04 | −0.04 | 0.03 | |
Price/Book | 0.9x | 1.0x | 1.4x | |
Price / LTM Sales | 2.4x | 2.9x | 1.2x | |
Upside (Analyst Target) | 23.4% | 25.0% | 23.8% | |
Fair Value Upside | Unlock | 9.8% | 8.8% | Unlock |