Is Plug (NSDAQ:PLUG) Bearish Or A Strong Buy?
PLUGAbout Plug Power
As the top supplier of complete hydrogen fuel cell (HFC) turnkey solutions, Plug Power is fostering the development of the hydrogen economy. In the midst of a persistent paradigm shift in the power, energy, and transportation sectors to address climate change and energy security, while delivering efficiency benefits and meeting sustainability targets sustainability targets, the company's breakthrough technology powers electric motors using hydrogen fuel cells.
The first market for hydrogen fuel cell (HFC) technology was established by Plug Power. Because of this, the Company has installed more fuel cell systems for e-mobility than any other company in the world, and it also holds the record for buying the most liquid hydrogen thanks to the construction and operation of a hydrogen highway throughout North America.
Furthermore, Plug Power offers end users a major value proposition that includes significant environmental advantages, efficiency improvements, quick refueling, and lower operating costs. The vertically integrated GenKey system from Plug Power brings all necessary components together to supply power, fuel, and service to clients including Amazon, BMW, The Southern Company, Carrefour, and Walmart. The company is currently utilizing its expertise, modular product architecture, and fundamental clients to quickly enter additional important areas, including as robots, data centers, and on-road zero-emission vehicles.
Is PLUG a BUY or is it still BEARISH?
Tradingview reports that 19 out of 30 analysts rate the Plug Power stock as a "strong buy", two analysts rate PLUG as a "buy", and the remaining nine analysts rate it as a "hold" with a maximum estimate of USD 78.00, an average estimate of USD 29.31, and a minimum estimate of USD 13.00. The current PLUG stock price is USD 13.12.
The predicted EPS for Q4-2022 is expected to increase by 0.07 to -0.23 from the reported EPS 0.30 from the previous quarter. Analysts predict that the EPS will decrease annually by 0.25 from -0.82 to -1.07 when compared to the reported EPS from 2021.
According to predictions, income will increase 2022 compared to 2021, by about 80%.
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