#7 - Plug Power (NASDAQ:PLUG)
Plug Power (NASDAQ: PLUG) - The definition of insanity is doing the same thing in the same way and expecting a different result. So investors should be encouraged that Plug Power is trying something different to generate shareholder value for its stock. Although clean energy has faced consistent headwinds in generating an ROI for investment capital, the hydrogen fuel cell developer is looking to change that narrative. Plug Power signed contracts with Amazon last year and joined forces with FedEx in May. This was on top of the deal they have had in place with Walmart since 2014. Why are these deals significant? Companies like Amazon are eager to use an alternative power source to increase the production speed of their forklifts to minimize downtime.
They remain unprofitable, but their revenue is growing (it was up 90% year-over-year in Q1 of 2018) and they could be on the verge of a breakthrough as their stock is looking to cross above its SMA.
About Plug Power
Plug Power Inc develops hydrogen and fuel cell product solutions in North America, Europe, Asia, and internationally. The company offers GenDrive, a hydrogen-fueled proton exchange membrane (PEM) fuel cell system that provides power to material handling electric vehicles; GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing Internet of Things-based maintenance and on-site service program for GenDrive fuel cell systems, GenSure fuel cell systems, GenFuel hydrogen storage and dispensing products, and ProGen fuel cell engines; and GenKey, an integrated turn-key solution for transitioning to fuel cell power.
Read More - Current Price
- $2.56
- Consensus Rating
- Hold
- Ratings Breakdown
- 8 Buy Ratings, 11 Hold Ratings, 4 Sell Ratings.
- Consensus Price Target
- $4.52 (76.6% Upside)
