![]() ![]() ![]() Stock prices used were the afternoon prices of March 11, 2023. Companies like Plug Power (PLUG-1.67) and Ballard Power Systems (BLDP-5.10) may get a lot of attention for their hydrogen efforts, but the best hydrogen stock to buy today is Bloom Energy (BE-1. But I could be wrong.Īs of this writing, Dana Blankenhorn did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. This video will highlight which one of these growth stocks is the best one to buy now. I don’t see how it makes that turn absent a major reorganization, which could include bankruptcy. Plug Power must adapt to new sources of hydrogen supply. ![]() Department of Energy worth $1.5 billion and waiting on news of tax credits. The company is seeking a loan from the U.S. Meanwhile, RBC Capital Markets estimates Plug Power will need $750 million over the next year to stay in business. But Plug Power will still need to build infrastructure to collect hydrogen from alternate sources. These businesses are not being disrupted in the way hydrogen supply is being disrupted. What may save Plug Power is its role in producing hydrogen production equipment and small fuel cells using hydrogen in warehouse forklifts. The company also wants to use electricity derived from solar and wind farms to produce hydrogen from water. Plug Power calls its hydrogen “green” because it’s collected from Olin (NYSE: OLN) alkali pits. It can be made from waste fuel gas as “blue hydrogen.” There are pockets of hydrogen underground, which can be drilled for and sold as “white hydrogen.”īut all hydrogen is chemically identical. Should I buy or sell Plug Power stock right now 21 Wall Street equities research analysts have issued 'buy,' 'hold,' and 'sell' ratings for Plug Power in the last year. Oil companies want to produce “brown hydrogen” by burning natural gas. (NASDAQ:PLUG), might not be a large cap stock, but it saw significant share price movement during recent months on the NASDAQCM, rising to highs of US30.03 and falling to the lows of US15.46. Most importantly, there are many ways to get hydrogen and Plug Power’s “green hydrogen” may not be the low-cost producer. It also cited worries about finance costs for its hydrogen projects.īut Plug Power has more problems than an election or Jerome Powell. The brokerage said the 2024 election raised risks for renewable plays like Plug Power. It opened this morning at $4.27 per share, its market capitalization near $2.5 billion. In response, Plug Power stock fell 6% on Dec. All Rights Reserved.Piper Sandler downgraded hydrogen supplier Plug Power (NASDAQ: PLUG) to “underweight” and cut its price target on PLUG stock from $6.50 to $2.30. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2019 and/or its affiliates. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. Factset: FactSet Research Systems Inc.2019. 1 Stock-Split AI Growth Stock to Buy Now With 150 and Hold Forever. Analysts surveyed by TipRanks backed a positive Plug Power stock price forecast. It suggested the stock could reach 79.4 byMarch 2027. But the company posted a net loss per share of 35 cents. However, the algorithm-based Plug Power stock forecast made on 21 March by Wallet Investor for 20222027 said the price could be around 34.3 in a year's time. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. As a result, the long-term return of Plug Powers stock is likely to be much lower than its future business growth. Is PLUG stock a buy or sell right now In Q1, Plug revenue surged 49.4 year over year to 210.3 million, above views by 2.6 million. ![]()
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