So, despite the fact that Q1 ‘22 revenues increased 96%, it did not matter. Share prices were double what they currently are despite revenues that were 96% lower.īut again, 2022 is not 2021. Last year, in the first quarter, the firm reported a net loss of $60.74 million. That means investors expect it to lose money. Earnings Disappoint for PLUG Stockįor one, Plug Power is a growth stock. Given Plug Power’s recent earnings results, investors should be wary. The problem, again, is the relatively long investment horizon required with the commissioning of the Belgium plant not expected until 2025. That plant will supply roughly 10% of the capacity of the Denmark plant but the trend is clear: Plug Power is making significant headway in Europe.ħ Retirement Stocks to Buy in Unexpected Sectors Not only is the company building a 1-gigawatt capacity electrolyzer in Denmark, but another 100-megawatt plant in Belgium. Plug Power is clearly making a name for itself in Europe, with its openness to green energy. Currently, the hydrogen economy is worth a relatively tiny $125 billion annually. If it provides the infrastructure for a cleaner energy future, the sky’s the limit.īut it remains vitally important to understand that Goldman Sachs’ expectation of a $1 trillion annual industry is far in the future, in 2050.
That alone suggests that Plug Power could multiply in value. Importantly, that electrolyzer is scheduled to be the largest installation globally. That electrolyzer will be used to produce green hydrogen which could supplant the role of natural gas in an environmentally friendly fashion. InvestorPlace - Stock Market News, Stock Advice & Trading TipsĪfter all, the company recently won an order to deliver a one-gigawatt electrolyzer to H2 Energy Europe in Denmark.
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