Shares of Plug Power (PLUG 7.88%) rallied after the company announced a new restructuring plan in conjunction with its fourth-quarter earnings report released on Monday, March 3. Nonetheless, the stock has still struggled, down about 16% year to date and more than 55% over the past year as of this writing.
Plug Power (PLUG) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
The headline numbers for Plug Power (PLUG) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
2025 has not been kind to investors in hydrogen fuel cell company Plug Power (Nasdaq: PLUG).
Plug Power Inc. (NASDAQ:PLUG ) Q4 2024 Earnings Conference Call March 4, 2025 8:30 AM ET Company Participants Meryl Fritz - Marketing and Communications Manager Andy Marsh - CEO Sanjay Shrestha - GM, Energy Solutions & CSO Paul Middleton - CFO Conference Call Participants Colin Rusch - Oppenheimer Craig Irwin - Roth Capital Partners Saumya Jain - UBS Bill Peterson - JPMorgan Eric Stine - Craig-Hallum George Gianarikas - Canaccord Genuity Sherif Elmaghrabi - BTIG Chris Tsung - Wolfe Research Tim Moore - Clear Street Samantha Hoh - HSBC Amit Dayal - H.C. Wainwright Ameet Thakkar - BMO Capital Markets Kashy Harrison - Piper Sandler Andrew Percoco - Morgan Stanley Operator Greetings, and welcome to the Plug Power Fourth Quarter 2024 Earnings Call.
PLUG's Q4 results are likely to reflect improving demand for electrolyzers. Higher operating costs and expenses are likely to have affected its margins.
Plug Power (PLUG -1.23%), a developer of hydrogen charging technologies, has shed about 99% of its value since its initial public offering (IPO) in 1999. It initially planned to design and build hydrogen-powered residential systems, but that plan fizzled out and it pivoted toward selling hydrogen fuel cells and charging systems for warehouse forklifts.
In the most recent trading session, Plug Power (PLUG) closed at $1.57, indicating a -1.26% shift from the previous trading day.
SLINGERLANDS, N.Y., Feb. 25, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, will announce its 2024 fourth quarter results on Monday March 3, 2025.
Vancouver, British Columbia--(Newsfile Corp. - February 14, 2025) - Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) ("Energy Plug" or the "Company"), is pleased to announce that, further to its press releases dated January 22, 2025 and February 10, 2025, it has closed the second and final tranche of its non-brokered private placement (the "Private Placement"), issuing 333,333 units (each, a "Unit") at a price of $0.15 per Unit for gross proceeds of $50,000. Each unit is comprised of one common share and one common share purchase warrant (the "Warrant") having an exercise price of $0.25 per share and a term of one year from the date of closing of the Private Placement (the "Closing Date").