Latest news with #AlliedGreenAmmonia
Globe and Mail
08-07-2025
- Business
- Globe and Mail
Why Plug Power Stock Surged 69% in June
Key Points Plug Power bagged another big deal for electrolyzers in June. The hydrogen producer and fuel cell maker is also looking for new ways to raise funds. 10 stocks we like better than Plug Power › Plug Power(NASDAQ: PLUG) stock went ballistic in June, surging 68.8% according to data provided by S&P Global Market Intelligence. A big electrolyzer deal, insider buying, and President Donald Trump's "Big, Beautiful Bill" helped the hydrogen stock log its best month so far in 2025, but can the stock go any higher? Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » The trio behind Plug Power stock's stunning rally After signing a 3 gigawatt (GW) electrolyzer agreement with Allied Green Ammonia in January for its factory in Australia, Plug Power bagged another deal on June for 2 GW electrolyzer capacity for Allied Green's $5.5 billion green chemical production facility in Uzbekistan. Around the same time in June, Plug Power CFO Paul Middleton purchased 650,000 shares on the open market at an average price of $1.03 per share, topping his earlier purchase of 350,000 shares for $0.72 per share in May. Middleton called the additional investment a reflection of his "strong conviction in Plug's strategy and long-term value creation," adding that he sees meaningful upside in Plug Power as the company executes and gains traction. Yet another deal and the CFO's bet sent the languishing hydrogen stock soaring 42% in just three trading days between June 9 and June 11. The stock bolted even higher toward the end of the month after the Senate voted for Trump's Big, Beautiful Bill with an advanced version that proposed to end clean hydrogen production tax credits for projects starting only after Dec. 31, 2027. Investors saw this as a huge win for the hydrogen industry since the previous bill wanted to ax tax credits by as early as the end of this year. Read this before you buy Plug Power stock Plug Power's partnership with Allied Green for 5 GW is monumental, but there's a catch. Plug Power doesn't expect a final investment decision (FID) before the fourth quarter of 2025, without which the deal holds little meaning. And, even if Plug Power secures an FID, it could still take a couple of years or more to deliver the first electrolyzer to Allied Green. In between, Plug Power is struggling to keep its operations running since it's a loss-making company. In 2024, Plug Power reported a net loss of $2 billion and ended the year with just about $205 million in cash and cash equivalents. Plug Power has consistently sold shares to raise funds, which is one of the biggest reasons why the stock tanked over the past year or so. In June, Plug Power even urged its shareholders to vote in favor of doubling the number of its authorized common stock, which is simply another means to raise money. By doing so, Plug Power can also avoid a reverse stock split, which could otherwise become unavoidable if the company wants to remain listed on the Nasdaq stock exchange. In short, there are too many ifs and buts, and anyone betting on Plug Power stock now for fear of missing out could end up losing more than they desire. Should you invest $1,000 in Plug Power right now? Before you buy stock in Plug Power, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Plug Power wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider whenNetflixmade this list on December 17, 2004... if you invested $1,000 at the time of our recommendation,you'd have $699,558!* Or when Nvidiamade this list on April 15, 2005... if you invested $1,000 at the time of our recommendation,you'd have $976,677!* Now, it's worth notingStock Advisor's total average return is1,060% — a market-crushing outperformance compared to180%for the S&P 500. Don't miss out on the latest top 10 list, available when you joinStock Advisor. See the 10 stocks » *Stock Advisor returns as of July 7, 2025 Neha Chamaria has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Yahoo
01-07-2025
- Business
- Yahoo
Plug Power's Electrolyzer Sales Jump in Q1: Can the Momentum Sustain?
Plug Power Inc.'s PLUG electrolyzer product line is emerging as a key driver of its growth, supported by the rising demand for green hydrogen solutions. In the first quarter of 2025, the company reported a 581.7% year-over-year increase in revenues from this product line. This sharp rise was driven by increased product deliveries and new orders across North America, Europe and is worth noting that in May 2024, PLUG entered into an agreement to supply three gigawatts (GW) of electrolyzers to Australia-based Allied Green Ammonia for a landmark green hydrogen-to-ammonia project. This marks one of the largest electrolyzer deployment deals to date. With more than eight GW in basic engineering and design package contracts worldwide, Plug Power has established itself as a key player in the rapidly growing electrolyzer the company's GenEco PEM electrolyzer systems are increasingly being adopted by the industrial and energy customers as the demand for hydrogen-based solutions continues to grow globally. This rising demand is supported by strong policy backing in Europe, where government investments and faster project timelines are helping accelerate the use of green the impressive growth in electrolyzer revenues, PLUG's overall financial performance remains under pressure due to negative gross margins and increased operational complexity as it expands across multiple regions. The capital intensity of hydrogen infrastructure, combined with ongoing operating losses and reliance on external financing, continues to raise doubts about Plug Power's ability to achieve sustained growth in the near term. Among its major peers, FuelCell Energy, Inc. FCEL reported product revenues, which include its electrolyzer line, of $13.0 million in the second quarter of fiscal 2025. FuelCell's total revenues rose 67% to $37.4 million in the same period, reflecting gains in service agreements. However, FuelCell's electrolyzer sales remained minimal as it advances early-stage another peer, Bloom Energy Corporation's BE product and service revenues, which include its electrolyzer business, increased 26.5% year over year in the first quarter of 2025. Bloom Energy's total revenues rose 38.6% year over year. Bloom Energy is rapidly expanding its electrolyzer deployment efforts. Shares of Plug Power have lost 46.5% in the year-to-date period compared with the industry's decline of 20.2%. Image Source: Zacks Investment Research From a valuation standpoint, Plug Power is trading at a forward price-to-earnings ratio of a negative 2.27X against the industry average of 20.45X. PLUG carries a Value Score of F. Image Source: Zacks Investment Research The Zacks Consensus Estimate for PLUG's bottom line for second-quarter 2025 and 2025 has increased in the past 60 days. Image Source: Zacks Investment Research The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Plug Power, Inc. (PLUG) : Free Stock Analysis Report FuelCell Energy, Inc. (FCEL) : Free Stock Analysis Report Bloom Energy Corporation (BE) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Globe and Mail
27-06-2025
- Business
- Globe and Mail
Plug Power's Equipment Revenues Decline: Is the Risk Priced In?
Plug Power Inc. PLUG is facing headwinds in some of its core product categories. In the first quarter of 2025, revenues from equipment, related infrastructure and other products declined 7% year over year to $63.5 million. The decrease in revenues resulted from lower demand for hydrogen infrastructure, cryogenic equipment, fuel cell systems (GenDrive), and engineered oil and gas equipment. In the quarter, hydrogen infrastructure revenues decreased by $6.6 million, owing to one hydrogen site installation completed compared with three completed in the same period last year. GenDrive sales also fell, with just 848 units sold compared with 1,298 units in the prior year, resulting in a $2.3 million revenue decline. Cryogenic equipment sales slipped due to slower progress on projects that are nearing completion. Sales of engineered oil and gas equipment, acquired through the Frames acquisition, also declined by $2.7 million in the quarter. These results show that some of Plug Power's legacy product lines are losing momentum. However, Plug Power's electrolyzer product line surged 581.7% year over year in the first quarter, driven by increased deliveries across North America, Europe and Asia. Also, a recent three gigawatt (GW) deal with Allied Green Ammonia in Australia and more than eight GW in design contracts highlight growing global demand for green hydrogen. If the current pace holds, this growth could help offset weakness in PLUG's legacy product lines and reshape its long-term growth path. Plug's Peers in Equipment Sales Among its major peers, FuelCell Energy, Inc. FCEL reported product revenues of $13.0 million in the second quarter of fiscal 2025. FuelCell's total revenues rose 67% to $37.4 million in the same period, reflecting gains in service agreements. FuelCell continues to deploy its mature carbonate fuel cell systems, which generate clean electricity, heat and hydrogen, and support carbon capture. PLUG's another peer, Bloom Energy Corporation 's BE product and service revenues increased 26.5% year over year in the first quarter of 2025. Bloom Energy's total revenues rose 38.6% year over year. This growth was driven by strong demand for Bloom Energy's solid oxide fuel cell systems and expanding adoption of hydrogen-capable solutions. The Zacks Rundown for PLUG Shares of Plug Power have lost 42.8% in the year-to-date period against the industry 's growth of 12.1%. From a valuation standpoint, Plug Power is trading at a forward price-to-earnings ratio of a negative 2.45X against the industry average of 21.16X. PLUG carries a Value Score of F. The Zacks Consensus Estimate for PLUG's bottom line for second-quarter 2025 has increased in the past 60 days. The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Zacks' Research Chief Picks Stock Most Likely to "At Least Double" Our experts have revealed their Top 5 recommendations with money-doubling potential – and Director of Research Sheraz Mian believes one is superior to the others. Of course, all our picks aren't winners but this one could far surpass earlier recommendations like Hims & Hers Health, which shot up +209%. See Our Top Stock to Double (Plus 4 Runners Up) >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Plug Power, Inc. (PLUG): Free Stock Analysis Report FuelCell Energy, Inc. (FCEL): Free Stock Analysis Report Bloom Energy Corporation (BE): Free Stock Analysis Report This article originally published on Zacks Investment Research (
Yahoo
24-06-2025
- Business
- Yahoo
Why Plug Power Popped Today
Plug Power will present at two investor conferences in two days. Details of what, specifically, Plug will present remain unclear. Plug Power may discuss its plans to cooperate with Australia's Allied Green Ammonia on new hydrogen fuel electrolyzer plants. 10 stocks we like better than Plug Power › The stock of Plug Power (NASDAQ: PLUG), maker of hydrogen fuel cells and the hydrogen to fuel them, jumped 5.5% through 12:45 p.m. ET Tuesday after announcing what was -- honestly -- some pretty ho-hum news. In a press release out this morning, Plug confirmed plans to participate in a pair of imminent investor conferences. First, Plug said its president and VP of investor relations would present at today's J.P. Morgan Energy, Power, Renewables & Mining Conference in New York City. One day later, the company will send CEO Andy Marsh across the pond to speak at the Roth 15th Annual London Conference. Plug provided no further details on the contents of either planned presentation, although an investor might surmise the company will continue to hype its recently announced expanded partnership with Australia's Allied Green Ammonia. The two companies are working to set up a 2-gigawatt (GW) hydrogen fuel electrolyzer plant in Uzbekistan, additional to a separate 3-GW plant they want to build in Australia. Neither of the Allied Green projects are really off the ground just yet. The Australian plant is closest to moving from idea to fact, with a final investment decision expected before the end of this year. Meanwhile, Plug's still losing more than $2 billion per year, and burning nearly $950 million in cash annually. The company is still seeking shareholder approval of a plan to sell more shares to raise cash, and in May had to take out a new $525 million secured term loan facility to roll over old debt and provide cash needed to build out its existing projects. Therefore, Plug stock remains speculative, and I cannot recommend buying it. Before you buy stock in Plug Power, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Plug Power wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $676,023!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $883,692!* Now, it's worth noting Stock Advisor's total average return is 793% — a market-crushing outperformance compared to 173% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Plug Power Popped Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-06-2025
- Business
- Yahoo
Plug Power Wins a Big Deal. Time to Buy the Hydrogen Stock?
Plug Power will supply its electrolyzers to a project in Uzbekistan. This project would help support its long-term growth profile. Bridging the gap until it reaches profitability remains a key issue for Plug Power. 10 stocks we like better than Plug Power › Plug Power (NASDAQ: PLUG) believes in a hydrogen-powered future. It's taking a leading role in building the global hydrogen economy with its fully integrated ecosystem. It provides a variety of hydrogen-related products, including electrolyzers, that help companies produce this lower-carbon energy source. The company recently won another deal to help expand the global hydrogen economy. Here's a look at whether it makes this top hydrogen stock a buy. Plug Power recently announced a meaningful expansion of its partnership with Allied Green Ammonia. The hydrogen company secured the opportunity to supply 2 gigawatts (GWs) of its proton exchange membrane (PEM) electrolyzers to a sustainable fuels project in Uzbekistan. Plug's electrolyzer technology will be the foundation for a new $5.5 billion green chemical production facility in that country that will produce sustainable aviation fuel, green urea (a fertilizer), and green diesel. The project has the backing of the government of Uzbekistan. This project is a continuation of Plug's collaboration with Allied Green. In January, Plug Power committed to supplying 3 GWs of electrolyzers for Allied's flagship green ammonia facility in Australia. Allied will use green hydrogen produced at that site with solar power to make the green ammonia. The company is working toward making a final investment decision (FID) for that project in the fourth quarter of this year. That's a little later than its initial expectation of making a positive FID in the second quarter. Plug plans to start manufacturing and delivering its PEM electrolyzer for this project in 2027. These projects might not be the last collaboration between the two partners. "This agreement reflects our deep confidence in Plug's team, technology, and ability to deliver on bold, world-class projects," stated Allied Green's Alfred Benedict. He continued, "Together, we are creating meaningful momentum for global decarbonization -- first in Australia, now in Uzbekistan, and in future regions to come." Project wins like those with Allied put Plug Power on track to achieve its bold plan to deliver sustainable growth and profitability in the coming years. The company is targeting 30% compound annual growth in its energy business through 2030, with revenue growth fueled by its electrolyzer and cryogenic solutions. Plug also targets a 30% compound annual growth rate during that period from its applications business. These robust revenue growth rates will scale the company's business while enhancing its margins. Plug expects 2025 to be a transformational year as it reaches an inflection point of ending with a positive gross margin run rate. The company's Project Quantum Leap is a big driver. It's targeting to deliver more than $200 million in annual savings through various initiatives aimed at reducing its cash burn rate. That would set the stage for sustainable growth in the coming years. Plug aims to achieve positive operating income by the end of 2027 and exit 2028 having reached overall profitability. While Plug Power has tremendous growth prospects, a key issue for the company has been financing its operations and expansion, given its lack of profitability. The company has been burning through cash to fund its operations. Its net cash used in operating activities was $728.6 million last year, $1.1 billion in 2023, and $828.6 million in 2022. That has forced the company to raise outside capital to fund its operations and growth. A major funding source has been issuing new stock. That has significantly increased its outstanding shares and diluted its existing investors: That massive wave of new shares is why the stock price has cratered more than 90% during the past three years. On a positive note, Plug Power doesn't anticipate any more dilutive equity offerings this year. It has already raised $280 million by selling over 185 million shares in March. The company also closed a $525 million secured credit facility with Yorkville Advisors. In addition, it closed a $1.66 billion loan guarantee from the U.S. Department of Energy to support the build-out of six green hydrogen production facilities. However, given that the company doesn't expect to reach profitability until 2028, it might not be done making dilutive equity issuances. If it sells more stock at a low share price, that could put additional weight on its value. Plug Power expects to deliver robust revenue growth over the next five years as more companies like Allied adopt its hydrogen solutions. Deals like those put it on pace with the long-term target to reach sustainable profitability. However, the big question is how the company will fund its operations and growth while it works toward achieving profitability. If it continues to sell stock, the share price will remain under pressure. Because of that, it's just too high a risk to buy right now. It needs to continue executing its growth strategy, improving its cost structure, and enhancing its liquidity without diluting shareholders before it becomes a compelling investment opportunity. Before you buy stock in Plug Power, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Plug Power wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $657,871!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $875,479!* Now, it's worth noting Stock Advisor's total average return is 998% — a market-crushing outperformance compared to 174% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Matt DiLallo has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Plug Power Wins a Big Deal. Time to Buy the Hydrogen Stock? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
