![]() ![]() CEO March believes this relationship will be a critical element in building out its hydrogen network across the U.S. ![]() with Olin Corporation to take away some of its byproduct hydrogens. Costs will be only a third of what they are today. Services and learnings are being implemented to cut service costs by 45%, after the deployment of its green hydrogen network of which 70 tonnes will be ready by end of the year. The cost of new products will continue to fall as the Company experiences the traditional 25% learning curve for electrolyzers and fuel cells. GenDrive product has a greater than 30% gross margin. The performance is scalable to meet and exceed the goal. The Company is committed to booking 1 GW in electrolyzers this year. He boasted of 80% annual growth expected in a $10 trillion opportunity in green energy. He noted that Plug's future is not based on the present economy, but on the future. Plug Power CEO Andrew March noted that macroeconomic conditions are challenging stemming from inflationary pressures and supply chain disruptions. Revenues grew 95.7% year-over-year (YoY) to $140.08 million missing the $143.99 million consensus analyst estimates. The Company reported an earnings per share (EPS) loss of ($0.27) excluding non-recurring items, missing consensus analyst estimates for a loss of (-$0.16), by (-$0.11). On May 9, 2022, Plug Power released its fiscal Q1 2022 results for the quarter ending in March 2022. Prudent investors looking for exposure in the clean hydrogen fuel cell segment can watch for opportunistic pullbacks in shares of Plug Power. The Company has plans in place to ultimately lower its service costs by 45% driven by the deployment of its green hydrogen network. On May 17, Plug Power announced it received a 1 GW contract with H2 Energy Europe for a hydrogen production complex in Denmark, which is planned to become the world's largest capacity electrolyzer installation. Rising energy costs have brought more attention to clean and renewable energy options. The leading turnkey comprehensive hydrogen fuel cell (HFC) solutions provider's shares rode the clean energy and ESG hype reaching a high of $75.49 in January 2021 before plunging as low as $12.70 in May 2022. No cash balance or cash flow is included in the calculation.Hydrogen fuel cell technology provider Plug Power (NASDAQ: PLUG) stock has gotten scorched trading down (-44%) for the year. Please note all regulatory considerations regarding the presentation of fees must be taken into account. Backtested results are adjusted to reflect the reinvestment of dividends and other income and, except where otherwise indicated, are presented gross-of fees and do not include the effect of backtested transaction costs, management fees, performance fees or expenses, if applicable. Actual performance may differ significantly from backtested performance. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Backtested performance is developed with the benefit of hindsight and has inherent limitations. This information is provided for illustrative purposes only. ![]() No representations and warranties are made as to the reasonableness of the assumptions. Certain assumptions have been made for modeling purposes and are unlikely to be realized. ![]() Changes in these assumptions may have a material impact on the backtested returns presented. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested performance is not an indicator of future actual results. Disclaimer: The TipRanks Smart Score performance is based on backtested results. ![]()
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