![]() Moreover, the consensus mark for revenues from fuel delivered to customers and related equipment points over 100% upsurge from the third-quarter 2022 reported figure.Īccording to The Bank of America (NYSE:BAC), the hydrogen economy could potentially increase to be an $11 Trillion market by 2050. Here, the advantages from these acquisitions may be reflected in revenues from sales of fuel cell systems, and similar infrastructure and equipment. The procurement, manufacturing costs and fuel costs are likely to have weighed on the fourth-quarter performance of Plug Power, according to Yahoo Finance.Īdditionally, the acquisitions of Applied Cryo (November 2021), Frames Holding (December 2021), and Joule Processing (January 2022) are expected to leave a positive impact on the performance of Plug Power. ![]() The high commodity costs are because of inflationary pressure, and costs associated with supply-chain issues. Plug Power has a dull earnings surprise history. The net income of Q3 2022 is -$170.76 Million. Estimated earnings for the next quarter are -$0.25, and revenue is expected to reach $279.91 Million. Plug Power revenue for the same period amounts to 188.63 Million despite the estimated figure of $243.14 Million. And its earnings for the last quarter are -$0.30 whereas the estimation was -$0.24 which accounts for -25.25% surprise. The current $PLUG market cap is $8.475 Billion. So if the earnings are splendid then a good price movement can be expected from $PLUG share. It must be noted that Plug Power will release its Q4 2022 results on March 1st after market closing. In its last day of trading $PLUG traded at $14.65 and marked the upsurge of 0.76%.
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