Latest news with #fuelcells
Forbes
6 days ago
- Business
- Forbes
What's Behind PLUG Stock's Deep Dive?
CHONGQING, CHINA - MAY 11: In this photo illustration, the logo of Plug Power Inc. is displayed on a ... More smartphone screen, with the company's green branding visible in the background, on May 11, 2025, in Chongqing, China. (Photo illustration by) Plug Power (NASDAQ: PLUG), a company specializing in hydrogen fuel cells, is facing severe financial difficulties, resulting in a 60% decline in its stock price year-to-date. Currently priced at just below $1, the stock has dropped over 70% from its 52-week peak of around $3.50. This decline largely stems from the company's significant cash outflow, which has rightly alarmed investors. If you're in search of better prospects with a more stable experience than holding individual stocks, consider examining diversified portfolios that have historically surpassed the S&P, such as the Trefis High Quality portfolio, which has generated returns exceeding 91% since it began. Separately, see – Nvidia Stock's 1 Big Risk Plug Power's financial condition is unstable, as indicated by its crucial metrics for the past four quarters: In addition to its substantial losses, Plug Power's balance sheet is further compromised by a large debt burden: As of the latest quarter, Plug Power's debt reached $1.1 billion, significantly surpassing its market capitalization of $999 million (as of May 29, 2025). This discrepancy leads to a severely poor Debt-to-Equity Ratio of 108%. Although the company's overall financial outlook remains grim, Plug Power did reveal some minor progress in its most recent quarterly results: Despite Plug Power's involvement in the promising hydrogen fuel cell sector, its present financial circumstances pose significant questions regarding its long-term viability as an investment. The combination of substantial operational losses, a heavy debt load, and disappointing future revenue forecasts presents considerable risks for potential investors. Considering the numerous stronger investment choices available in today's market, prospective investors should carefully assess whether PLUG signifies a genuine turnaround opportunity or a continued downward trajectory, even with the planned cost-cutting measures. Just keep in mind – PLUG stock still represents a volatile investment, and as a long-term investment option, you might want to explore the Trefis High Quality (HQ) Portfolio, which is grounded in quality and aims for reliability, predictability, and compounding growth. Comprising 30 stocks, it has consistently outperformed the S&P 500 over the past four years. Why is that? As a group, HQ Portfolio stocks have generated higher returns with lower risk than the benchmark index; it offers a smoother investment experience, as illustrated in HQ Portfolio performance metrics.
Associated Press
27-05-2025
- Business
- Associated Press
Advent Technologies Announces Joseph Hosni as Director of Commercial Sales
ATHENS, Greece and LIVERMORE, Calif., May 27, 2025 (GLOBE NEWSWIRE) -- Advent Technologies Holdings, Inc. (NASDAQ: ADN) ('Advent 'or the 'Company'), an innovation-driven leader in the fuel cell and hydrogen technology sector, is pleased to announce that Joseph Hosni has joined the Company as the Director of Commercial Sales. Mr. Hosni will be based at the Company's Athens office. Mr. Hosni has over 25 years of experience in advancing technology and infrastructure sales. Prior to joining Advent, he most recently was the Commercial Director of VEN Engineering. Mr. Hosni stated, 'I am excited to work closely with the new management team at Advent to execute on the vision of Advent 2.0.' Konstantinos Ferderigos, the General Manager of the Company's Greek subsidiary stated, 'I am looking forward to working with Mr. Hosni on expanding the Company's global sales strategy. He understands and supports our vision for the commercialization of our products and the untapped potential to grow the Company. Our technology is unsurpassed and offers a ubiquitous clean energy solution across multiple industries including the military, aviation, heavy automotive, and marine.' Gary Herman the CEO of Advent stated, 'we are thrilled to have Mr. Hosni on the Advent team. His experience and background in HT-PEM fuels cells, technology and government programs will contribute to enhancing the Company's goal to increase the commercialization of our innovative and cutting-edge technology as the leader in fuel cell technology.' About Advent Technologies Holdings, Inc. Advent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles complete fuel cell systems as well as supplying customers with critical components for fuel cells in the renewable energy sector. Advent is headquartered in Livermore, CA, with offices in Athens and Patras Greece. With approximately150 patents issued, pending, and/or licensed for fuel cell technology, Advent holds the IP for next-generation HT-PEM that enables various fuels to function at high temperatures and under extreme conditions, suitable for the automotive, aviation, defense, oil and gas, marine, and power generation sectors. For more information, visit Cautionary Note Regarding Forward-Looking Statements This press release includes forward-looking statements. These forward-looking statements generally can be identified by the use of words such as 'anticipate,' 'expect,' 'plan,' 'could,' 'may,' 'will,' 'believe,' 'estimate,' 'forecast,' 'goal,' 'project,' and other words of similar meaning. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, the Company's ability to maintain the listing of the Company's common stock on Nasdaq; future financial performance; public securities' potential liquidity and trading; impact from the outcome of any known and unknown litigation; ability to forecast and maintain an adequate rate of revenue growth and appropriately plan its expenses; expectations regarding future expenditures; future mix of revenue and effect on gross margins; attraction and retention of qualified directors, officers, employees and key personnel; ability to compete effectively in a competitive industry; ability to protect and enhance Advent's corporate reputation and brand; expectations concerning its relationships and actions with technology partners and other third parties; impact from future regulatory, judicial and legislative changes to the industry; ability to locate and acquire complementary technologies or services and integrate those into the Company's business; future arrangements with, or investments in, other entities or associations; and intense competition and competitive pressure from other companies worldwide in the industries in which the Company will operate; and the risks identified under the heading 'Risk Factors' in Advent's Annual Report on Form 10-K filed with the Securities and Exchange Commission ('SEC') on August 13, 2024, as well as the other information filed with the SEC. Investors are cautioned not to place considerable reliance on the forward-looking statements contained in this press release. You are encouraged to read Advent's filings with the SEC, available at for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any of these statements. Advent's business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties. Advent Technologies Holdings, Inc. [email protected]
Globe and Mail
22-05-2025
- Business
- Globe and Mail
Can Plug Power Stock Hit $3.50 in 2025?
Leading hydrogen fuel cell maker Plug Power (PLUG) has found itself under intense selling pressure over recent years, with its stock suffering sharp declines as ongoing losses overshadow steady top-line growth. Despite making headway in key areas like electrolyzers, where demand continues to rise, the company's path to profitability remains uncertain. Moreover, Plug's heavy reliance on external funding to support operations and expansion has only added to investor concerns. While the company is making strategic moves within the hydrogen economy, the disconnect between growth and financial stability continues to keep market sentiment on edge. But even as the company's fundamentals paint a gloomy picture, not all Wall Street analysts are ready to give up on Plug just yet. Roth Capital analyst Craig Irwin, for instance, recently chopped his price target from $5 to $3.50, but kept a 'Buy' rating intact, signaling that he hasn't lost faith in the company's long-term story. While the revised target does reflect a more cautious stance, it also signals Irwin's belief that Plug Power could still find its footing before the year is out. About Plug Power Stock Founded in 1997, New York-based Plug Power (PLUG) has positioned itself as a key player in the global hydrogen economy, with a vertically integrated model that spans production, storage, delivery, and power generation. The company supplies electrolyzers, fuel cells, and hydrogen infrastructure to a range of industries, including logistics, manufacturing, and energy. With deployments across five continents, over 70,000 fuel cell systems in operation, and 250 fueling stations, Plug has established a significant footprint. Valued at approximately $826 million by market cap, shares of this hydrogen fuel cell maker are deep in the red this year, down almost 63%, heavily underperforming the broader S&P 500 Index ($SPX). As Plug Power remains stuck in a deep slump, the stock now trades at just 1.41 times sales, below the sector median of 1.54x and miles away from its five-year average of 44.57x. The sharp compression in its valuation signals a major shift in market perception, as investors grow increasingly wary of its ongoing losses and dependence on external funding. Plug Power Tanks After Q1 Earnings Release Plug Power unveiled its first-quarter results on May 12, offering a mixed snapshot that triggered a 10.2% selloff in the following trading session. Revenue came in at $133.7 million, marking an 11.1% year-over-year increase and slightly surpassing analyst expectations. The top-line growth was driven by a pickup in electrolyzer deliveries, steady demand in the material handling segment, and continued momentum in the company's cryogenic platform. Despite top-line gains, Plug Power couldn't escape investor backlash as losses continued to weigh on its financials. The company reported a Q1 2025 loss of $0.21 per share, narrower than the $0.46 loss a year ago, but still missing analyst expectations by a penny. Gross margin came in at a negative 55%, a significant improvement from the negative 132% recorded in Q1 2024. The year-over-year gains were driven by supply chain optimization, ongoing cost-cutting measures, price adjustments, and improved scale across its hydrogen platform. Still, the persistent red ink kept investor confidence in check. Looking forward to Q2, management is guiding for revenue to range between $140 million and $180 million, with expectations for continued gains in gross margin and working capital performance as the year unfolds. CEO Andy Marsh emphasized the company's forward momentum, stating, 'We're delivering real progress toward profitability and scaling our hydrogen ecosystem to meet growing global demand for clean energy.' Earlier this month, Plug Power also secured a loan facility of up to $525 million, aiming to bolster its green hydrogen network with added financial flexibility. While the company has made strides in expanding that network in recent years, the move has done little to lift investor sentiment, as Plug's stock has continued its downward slide throughout the years. What Do Analysts Expect for Plug Power Stock? After a rocky Q1 earnings update, Roth Capital trimmed its price target on Plug Power to $3.50 from $5.00, citing lowered revenue forecasts for 2025. Yet, despite the downgrade, analyst Craig Irwin held firm on his 'Buy' rating, highlighting strong European demand for electrolyzers, improving gross margins, and success in monetizing green hydrogen tax credits in Georgia. Even with the cautious revision, the new target points to a striking 343% upside from current levels. Overall, Wall Street is keeping its guard up, with the consensus leaning toward a cautious 'Hold' as uncertainty around Plug Power's path to profitability lingers. Of the 24 analysts offering recommendations, six are giving it a solid 'Strong Buy,' 13 suggest a 'Hold,' and the remaining five give a 'Strong Sell.' The average analyst price target of $2 indicates 153% potential upside from the current price levels.
South China Morning Post
22-05-2025
- Business
- South China Morning Post
Chinese hydrogen-powered drone maker HiTS eyes Hong Kong for research, overseas sales
HiTS (Shanghai) Hydrogen Power Technology, which aims to be the BYD of commercial drones powered by hydrogen fuel cells, plans to set up research and assembly operations in Hong Kong to serve international markets, according to its chief financial officer. Just as the world's leading electric-vehicle maker BYD also makes EV batteries, HiTS has expertise in both hydrogen fuel cells and drones that use those power sources, CFO Ben Lin said on Monday. The company called on the Hong Kong government to use policy initiatives to jump-start the city's 'low-altitude economy' – activities in airspace below 1,000 metres. 'We hope the Hong Kong government can encourage departments that provide public services to embrace the fuel-cell drone technology,' Lin said on the sidelines of BNP Paribas' global electric vehicle and mobility conference in Hong Kong. 'We have a long-term business development plan, which includes an overseas sales headquarters and a research and development centre in Hong Kong. We also hope to go public on Hong Kong's bourse in one to two years.' In November, the government formed a working group to develop a low-altitude economy by designating venues for pilot projects, drawing up regulations and planning required infrastructure.
Associated Press
19-05-2025
- Business
- Associated Press
Cell Impact delivers flow plates and test tools to a major player in Asia
KARLSKOGA, Sweden, May 19, 2025 /CNW/ -- Cell Impact AB (publ) has signed an agreement to deliver test tools to a leading industrial player in Asia. The deal confirms Cell Impact's attractive offering and its unique forming technology. The agreement is a follow-up order from a customer with whom Cell Impact has previously conducted development projects. 'The tests of our forming technology conducted by this customer have been successful, which has laid the foundation for today's agreement. This is a process we have seen before. Successful tests of Cell Impact Forming™ lead to new business, which in turn is a prerequisite for future volume production,' says Mr. Daniel Vallin, CEO of Cell Impact. The order includes both flow plates and a test tool that will be used to manufacture customized flow plates. Delivery will take place during the second quarter, and the order value amounts to MSEK 0.6. Photo: For more information, please contact: Daniel Vallin CEO and IR contact, Cell Impact AB (publ) +46730686620 or [email protected] About Cell Impact Cell Impact AB (publ) is a global supplier of advanced flow plates to fuel cell and electrolyzer manufacturers. The company has developed and patented a unique method for high velocity forming, Cell Impact Forming™ which is significantly more scalable and cost-efficient compared to conventional forming methods. Cell Impact Forming is an environmentally friendly forming technology that consumes no water and very little electrical power. The Cell Impact share is listed on Nasdaq First North Growth Market and FNCA Sweden AB is the company's Certified Advisor (CA). View original content to download multimedia: SOURCE Cell Impact
