LATHAM, N.Y., May 16, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, announced the signing of a Basic Engineering and Design Package (BEDP) with Allied Green Ammonia (AGA), an Australian company focused on green ammonia production, for a three-gigawatt (GW) electrolyzer plant supplying hydrogen to AGA's planned ammonia facility proposed for the Northern Territory of Australia. Plug's BEDP offering is instrumental fo ...

Plug Power stock is a lot cheaper than it was in 2023, but there's a catch.Plug Power (PLUG 19.03%) stock has gotten a lot cheaper recently, at least when it comes to its share price. In 2023, shares topped out at around $12. Today, the stock is valued at under $3.Is this growth stock a buy after losing 75% of its value?Plug Power has dreams of massive growthPlug Power's management team has lofty expectations for the business. In 2027, executives expect to generate $6 billion in revenue. By 2030, they belie ...

More cash will solve some problems, but maybe not the ones that need to be solved.In this video, Motley Fool contributors Jason Hall and Tyler Crowe discuss the recent conditional loan approval that would be a lifeline for Plug Power (PLUG 19.03%), and what investors need to know before thinking about buying shares. Stocks also discussed include Linde (LIN -0.61%) and Bloom Energy (BE 8.05%).*Stock prices used were from the afternoon of May 14, 2024. The video was published on May 14, 2024. ...

Federal support might turn green energy companies suddenly profitable, but after decades of losses, you should be skeptical of that.Renewable energy stocks surged higher Tuesday after Plug Power (PLUG 20.24%) announced receipt of a $1.66 billion loan guarantee from the U.S. Department of Energy. Plug currently has two hydrogen fuel facilities producing at full capacity, with a third approaching that mark. Plug says the government assistance will help it to "finance the development, construction, and ownersh ...

Key TakeawaysPlug Power said Tuesday that it has received a conditional loan guarantee valued at up to $1.66 billion from the U.S. Department of Energy to add green hydrogen facilities.The company said it would use the money to pay for the development, construction, and ownership of as many as six new sites to produce hydrogen through splitting water molecules.Plug Power CEO Andy Marsh called green hydrogen essential to industrial decarbonization in the U.S. Shares of Plug Power (PLUG) skyrocketed Tuesday a ...

Plug Power wants to raise prices until its product becomes more popular. But that's not how economics works.Roaring Kitty's return to the social media platform Reddit inspired a surge in meme stock prices on Monday, and it's looking like Plug Power (PLUG 26.12%) stock is a prime beneficiary of the turnaround. Share prices of the forever-unprofitable hydrogen fuel cell company rose by double-digit percentages Monday, approaching consensus targets of about $3 a share.However, one analyst thinks Plug Power cou ...

Back in January, Plug Power (NASDAQ:PLUG) announced that it was in the process of closing on a $1.6 billion loan from the U.S. Department of Energy (DOE) with a rate no higher than 6.5%. At the time, Chief Financial Officer Paul Middleton noted that Plug expected to finalize the loan by the third quarter.This morning, Plug announced that the DOE’s Loan Programs Office (LPO) had agreed to provide it with an up to $1.66 billion conditional commitment loan guarantee. The proceeds of the loan will go toward dev ...

A new loan has investors gassing up their portfolios with this hydrogen stock.After plunging 7% last week, Plug Power (PLUG 29.07%) stock has been soaring to start this week. The hydrogen and fuel cell stock climbed 13% yesterday, and it's poised to lock in an even greater gain today thanks to the company's announcement that it has received a government loan guarantee.As of 10:34 a.m. ET, shares of Plug Power have ripped 34.8% higher.Looking into the government loanPlug Power announced today that it has rec ...

公司融资与资金状况 - 公司获得美国能源部16.6亿美元贷款担保的有条件承诺 导致股价在消息公布后上涨超过50% [1] - 公司计划利用新资金在全美范围内扩展其氢工厂网络 [2] - 公司第一季度末持有现金1.73亿美元 并将资本支出和运营活动使用的净现金大幅削减了38% [4] 公司股价与市场表现 - 公司股价相较于5月1日的年内低点已上涨近100% [2] - 华尔街对公司股票的共识评级为"持有" 平均目标价为4.82美元 当前股价已高于该目标价 [4] 行业影响与公司战略 - 公司确信此次融资将对整个美国氢解决方案行业的增长和规模化起到关键作用 [2] - 公司将此次贷款担保称为一个"重要的里程碑" 但需满足一系列技术、法律、环境和财务条件才能正式获得资金 [4]

Key PointsPlug Power's Q1 2024 financial results fell short of expectations, but the company made significant progress in expanding its hydrogen infrastructure.The green hydrogen market presents significant opportunities and challenges for Plug Power as it seeks to establish itself as a leader in this rapidly changing industry.Plug Power's long-term success hinges on its ability to navigate market volatility, achieve profitability, and execute its strategic vision for building a comprehensive green hydrogen ...