![]() ![]() UBS analysts in December said that hydrogen could be “a $10 trillion market by 2030, and PLUG aims to be a one-stop shop and market leader in the entire space,” according to Barron’s. Most analysts tracked by FactSet have a buy rating on the stock. Though that’ll happen in the first quarter.” “But the customers’ construction, in many cases, did not get completed. “We have sites where the hydrogen infrastructure has already been built and ready to go, fuel cells ready to ship,” Chief Executive Andrew Marsh said during a conference call with analysts in January. But they expect improvements in the first quarter. But in January, executives said the fourth quarter was “a tougher quarter than expected,” and that the company’s growth ran into production snags for new products supply-chain hiccups. Over the past two years, Plug Power has opened or begun building hydrogen plants and other facilities in multiple states. The company produces green hydrogen via renewable electricity and water. Plug Power has been trying to capitalize on a shift toward decarbonization, offering services that produce, transport, store and dispense green hydrogen - via dozens of refueling stations across the U.S. ![]() The company reported the results as it races to ramp up hydrogen facilities to meet expected demand. Shares declined about 2% in after-hours trading following the release of the results. Analysts polled by FactSet expected a per-share loss of 25 cents, on sales of $281.2 million. Reported fourth-quarter revenue of $220.7 million, a 36% jump from $162 million in the fourth quarter of 2021. ![]()
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