AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |
Back to Blog
Should i buy plug stock9/12/2023 ![]() ![]() Recently, Plug Power hosted an analyst day to showcase its revenue growth opportunities and operational scale at its gigafactory. Investors have been responding positively to Plug Power’s plans for growth and new green hydrogen deals, leading to a rise in the company’s stock. Plug Power also plans to increase its gross margin from 10% in 2023 to 30% in 2026, with the equipment and fuel-delivery businesses forecasted to achieve gross margins of 30% and 35%, respectively. ![]() The management expects a sharp rise in sales over the next three years, primarily driven by the growth of its electrolyzer business, which enables customers to produce hydrogen on-site. Plug Power anticipates generating $1.4 billion in revenue in 2023 and aims to reach $5 billion in revenue by 2026. The company is projected to continue its growth trajectory, with earnings and revenue expected to grow by 68.3% and 33.6% per annum, respectively. In recent years, Plug Power has experienced rapid growth, with its assets increasing by nearly 16000% since 2015 and goodwill increasing by over 2800% during the same period. By demonstrating the scalability of green hydrogen generation, Plug Power aims to support the decarbonization efforts of challenging industries and assist companies in achieving ambitious carbon reduction targets. The PEM stacks for the electrolyzer system will be manufactured at Plug Power’s gigafactory in Rochester, New York.Īndy Marsh, the CEO of Plug Power, emphasized the company’s pivotal role in advancing green hydrogen projects in Europe through the use of its industry-leading PEM technology. The hydrogen output of these electrolyzers can be instantly adjusted based on the electrical input, which is particularly advantageous when integrated with intermittent renewable resources. Plug Power’s electrolyzers utilize PEM stack technology, featuring a modular design that offers a compact footprint and potential for capacity expansion. ![]() The delivery and installation of the electrolyzers are scheduled for 2024. The decision to proceed with the execution phase of the project was influenced by the engineering support provided by Plug Power, including a Front End Engineering and Design (FEED) study. This hydrogen production will replace gray hydrogen in the oil refining process, resulting in a daily reduction of approximately 516 tons of carbon dioxide (CO2) emissions. The company is set to deploy 100 megawatts (MW) of PEM electrolyzers, which will be powered entirely by renewable energy sources and have the capacity to produce approximately 43 tons of green hydrogen per day. received a significant order for its proton exchange membrane (PEM) electrolyzers, marking a major breakthrough in the European oil and gas industry. ![]()
0 Comments
Read More
Leave a Reply. |