That represents five fold growth in four year’s time.īy 2030, management says sales could top $20 billion, more than 16.6 times current year forecasts. In the presentation, management discusses how it is capitalizing on the green hydrogen boom, and why this could cause massive growth for Plug Power between now and 2030.Įxpecting to generate sales of $1.2 billion this year, Plug’s forecast calls for revenue of $6 billion by 2027. Take a look at the aforementioned latest investor presentation, and at first it makes sense why investors reacted positively to it. There may be a similar outcome for this latest forecast. With this, as I’ll explain below, consider it best to err on the side of caution. This is far from the first time that this company has touted a bright future.įor years, this company has been setting high growth goals, only for actual resorts to fall short. Yet while some may see this as an encouraging sign, keep something very important in mind. That event was the release of an investor presentation, ahead of the company’s “Hydrogen Symposium.” Still the company’s down more than 35% on the year.Īlthough shares in the hydrogen fuel cell company have pulled back since then, the stock remains above what it traded for before the event that led to the spike. 11.Īlthough last week was choppy, PLUG eked out a minor comeback. While still down significantly from past highs, Plug Power (NASDAQ: PLUG) went on a hot run last week, with PLUG stock surging 11.7% higher on Oct.
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