![]() ![]() You might think investors would take that as good news - great news, even. ![]() This implies (although Plug didn't state it outright) that, as early as 2024, Plug Power might be GAAP profitable for the year - and for the first time ever in its history. Management also set the goal of narrowing its operating losses (which will be negative for most of the year) such that, by Q4 2023, the company intends to break even on an operating basis. In particular, while the company has no intention of earning a profit this year, Plug is maintaining its guidance for $1.4 billion in sales, and for achieving a positive gross margin of 10%. Some of what Plug told investors was even good news. Plug also advised that it has an even greater longer-term goal to grow sales to $20 billion (with a 35% gross margin, and a 22% operating margin) by 2030. As before, Plug maintained its long-term guidance for achieving $5 billion in annual sales (and a 30% gross profit margin, and a 17% operating profit margin) by 2026. Much of what Plug told investors came as no surprise. What went wrong with Plug stock? To find out, we need to travel back in time, to when Plug Power gave investors its 2023 January Business Update Wednesday evening. But Thursday was not a good day for investors in one of the best-known alternative energy plays on the Nasdaq: Hydrogen fuel cell company Plug Power ( NASDAQ:PLUG), which closed the day down nearly 6%. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies)Ĭalendars and Economy: 'Actual' numbers are added to the table after economic reports are released.Thursday was a good day for the Nasdaq, which closed the day up 1.8%. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.Ĭryptocurrencies: Cryptocurrency quotes are updated in real-time. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright 2019© Refinitiv. Data may be intentionally delayed pursuant to supplier requirements. ![]() FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. Source: FactSetĭata are provided 'as is' for informational purposes only and are not intended for trading purposes. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. Sources: FactSet, Tullett PrebonĬommodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Sources: FactSet, Tullett PrebonĬurrencies: Currency quotes are updated in real-time. Sources: FactSet, Dow Jonesīonds: Bond quotes are updated in real-time. Sources: FactSet, Dow JonesĮTF Movers: Includes ETFs & ETNs with volume of at least 50,000. Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Overview page represent trading in all U.S. Indexes: Index quotes may be real-time or delayed as per exchange requirements refer to time stamps for information on any delays. Copyright 2019© FactSet Research Systems Inc. Fundamental company data and analyst estimates provided by FactSet. International stock quotes are delayed as per exchange requirements. ![]() stock quotes reflect trades reported through Nasdaq only comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. ![]()
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