Geometry Dash APK Hill Climb Racing APK
58.2 F
New York
Wednesday, May 12, 2021

Reality May Be Setting in for Plug Power Inc (NASDAQ:PLUG)

Must read

Bombardier, Inc. (OTCMKTS:BDRBF) Continues to Gain Momentum and Strength

Many stocks have managed to record significant gains in recent months and one that often flies under the radar is Bombardier,...

Grayscale Bitcoin Trust (Btc) (GBTC) Makes Big Move As Bitcoin Goes Wild

Bitcoin, the world’s biggest cryptocurrency by market cap, has been in the middle of a remarkable rally for the past few months...

Voyager Digital Ltd (OTCMKTS:VYGVF) Hits All-Time High on Download News

The remarkable rally enjoyed by several crypto assets over the course of the past months has also resulted in an increased demand...

Solar Integrated Roofing Corp (OTCMKTS:SIRC) Surges Higher On Sector Strength

The Solar Integrated Roofing Corp (OTCMKTS:SIRC) stock has come into sharp focus among investors and on Wednesday, the stock made significant gains...

Plug Power Inc (NASDAQ:PLUG) took some lumps in August after high expectations. Deal with Amazon and Wal-Mart had talked about the potential but those deals did not appear on the bottom line and PLUG’s shares took a 5.3% dump for the month.

PLUG has a history of falling flat. The stock rocketed upward in 2014, when the first Wal-Mart deal was announced, but since then the co hasn’t been EBITDA positive, much less been able to report net income. Furthermore, and it escapes a lot of news about PLUG, but in order to ink the deals with Amazon and Wal-Mart, PLUG had to offer up 110M in warrants.  Thus, the share count may underestimate the real future dilution if Plug Power reaches any fruition.

Plug Power Inc (NASDAQ:PLUG) trumpets itself as an alternative energy technology provider that engages in the design, development, manufacture, and commercialization of fuel cell systems for the material handling and stationary power market in the United States.

The company focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, and fuel cell/battery hybrid technologies.

Its product line includes GenKey, a turn-key solution for transitioning material handling vehicles to fuel cell power; GenDrive, a hydrogen fueled PEM fuel cell system that provides power to material handling vehicles; GenFuel, a hydrogen fueling delivery system; GenCare, which is an ongoing maintenance program for GenDrive fuel cells and GenFuel products; ReliOn, a stationary fuel cell solution that provides scalable and modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors; and GenFund, which offers financing solutions to customers.

The company sells its products to businesses and government agencies through direct product sales force, original equipment manufacturers, and dealer networks. Plug Power Inc. was founded in 1997 and is headquartered in Latham, New York.

Find out when $PLUG stock reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

PLUG has been tracking this week– 6% by the afternoon. The company recently announced it was named to the Hydrogen Council. The Hydrogen Council is organized around the important initiative to shape the role of hydrogen in the energy mix of the future.The international council is currently comprised of sixteen members, including Air Liquide, Audi, BMW GROUP, Daimler, Toyota and Royal Dutch Shell. “I’d like to thank the Hydrogen Council for giving Plug Power a seat at the table,” said Andy Marsh.

At this time, carrying a capital value in the market of $523.47M, Plug Power meanwhile has 224.73M in outstanding shares. The company still has some strong cash in the books. Yet, PLUG has a long way to go and investors should be reeling in their enthusiasm from earlier in the year. We will be watching carefully for future news and financials from PLUG. For more updates on Plug Power Inc and other fast-moving penny stocks, please subscribe to OracleDispatch.com below.

Disclosure: We hold no position in $PLUG, either long or short, and we have not been compensated for this article.

Latest article

Reconnaissance Energy Africa Ltd (OTCMKTS:RECAF) Gathers Further Momentum

If you are currently looking for stocks that may have recorded massive gains within a short period of time, then it might...

Is Tilray Inc (NASDAQ:TLRY) Stock a Good Buy After The Recent Fall?

The cannabis sector may have had a hard time not too long ago but over the course of the past months, the...

Sysorex Inc (OTCMKTS:SYSX) Stock Still Riding Big News

Investors are always drawn to stocks that make a big jump out of nowhere. So it's no surprise that Sysorex Inc (OTCMKTS:SYSX)...

BIGG Digital Assets Inc (OTCMKTS:BBKCF) is Struggling to Regain Momentum

Over the course of the past few months, the continued rally in some of the biggest cryptocurrencies has led to considerable interest...

Sundial Growers Inc (NASDAQ:SNDL) Struggles to Sustain At Higher Levels After Earnings

In recent times, plenty of cannabis stocks have been in action due to rising optimism about the sector and one such stock...
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet.
SmsVerifyer.com Affordable best sms verification service