It has found a way to support the green energy revolution - and generate revenue at the same time. 9) earnings call, Plug’s CEO Andrew Marsh described the Amazon contract as “a real positive.” This means that Amazon paid $100 million so far for Plug goods and service, plus another $17 for the warrants, Amazon could now be holding Plug stock worth more than $350 million. The e-commerce giant is into its third $50 million tranche of orders. Fast Charging: EV Chargers depending upon their rated capacity can charge your EV at much faster rates (multiple times) compared to 13A plug point. Overall, Amazon has been the better customer. The newly found appreciation in Plug’s stock price has made it possible for the two happy customers to earn profits that exceed, by far, what they spend on Plug Power products. For instance, in 2017 Plug offered the companies warrants for Plug stock for every $50 million of fuel cells they purchased. Plug’s contracts with those companies are unique in that they are more like exchanges, rather than out-and-out sales. The average Plug Power stock price for the last 52 weeks is 25.65. The Plug Power 52-week low stock price is 12.70, which is 41.4 below the current share price. The Plug Power 52-week high stock price is 46.50, which is 114.4 above the current share price. The clean energy cells are quick and easy to recharge, so the forklifts don’t waste a lot of precious time offline in 24-hour-a-day warehouse operations. The all-time high Plug Power stock closing price was 1498.00 on March 10, 2000. Plug’s fuel cells are used in the forklifts that populate the companies’ warehouses. The Company is focused on proton exchange membrane (PEM), fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and associated hydrogen and green hydrogen generation, storage, and dispensing infrastructure. To start with, it has contracts with two of the largest retailers in the world: Amazon and Walmart, customers that accounted for two-third of its sales in 2018 and half in 2019. is a provider of hydrogen fuel cell turnkey solutions. What is propelling this innovative fuel cells manufacturer? Plug Power’s stock (PLUG) is up 750% this year, according to Morningstar, and it’s still climbing higher. Consequently, any such data, information, or opinions do not in any way represent a personal recommendation to any individual investor or any entities, whatever the type.A newly found appreciation in Plug’s stock price has made it possible for two happy customers to earn profits that exceed, by far, what they spend on Plug Power products. Nothing discussed or presented in Quantalytics constitutes a representation that any investment, investment strategy, or recommendation is suitable or appropriate to an investor's individual circumstances or otherwise constitutes a personal recommendation.ĭata, information, or opinions contained in Quantalytics in any form give no consideration to any particular individuals' investment needs or objectives, nor do they consider any individuals' financial condition. Quantalytics does not make any representations as to their accuracy or completeness. The data, information and opinions presented have been obtained or derived from sources believed by Quantalytics to be reliable. The average Plug Power stock price prediction. Company’s stock value dipped to 20. When the transactions were called off in the previous session, Stock hit the highs of 22.18, after setting-off with the price of 21.914. Any data, information, or opinions in Quantalytics in any form attributed to a third party represent Quantalytics’ interpretation of the data, information, or opinions provided by that third party either publicly or through a subscription service, and such use and interpretation have not been reviewed by the third party. On average, Wall Street analysts predict that Plug Powers share price could reach 31.56 by Aug 26, 2023. For the readers interested in the stock health of Plug Power Inc. Any data, information, or opinions expressed in any form may change without notice. Any forward looking estimates presented by Quantalytics may prove to be incorrect and not be realized. All investments and investment recommendations entail risks. Such data, information, or opinions are not an offer to sell or to buy, or a solicitation to buy or sell any securities. What are analysts forecasts for Plug Power stock The 58 analysts offering. Any data, information, or opinions presented by Quantalytics are for general information purposes only. According to the current price, Plug Power is 45.18 away from the 52-week high. Quantalytics is not a registered investment adviser, brokerage firm, or investment company. Q.ai, LLC is a wholly owned subsidiary of Quantalytics Holdings, LLC (“Quantalytics”). Q.ai is the trade name of Quantalytics Holdings, LLC.
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