Does Plug Power Have Room To Grow After Downside Guidance – CWEB.com
Plug Power (NASDAQ:PLUG) plunged after it reveald disappointing guidance for Q1 and FY 2018 revenues.
For Q1, Plug sees Q1 revenues of $22M-$24M, well below analyst consensus expectations for $38.3M, and an adjusted EBITDA loss of $11M-$13M vs. a $15M loss in the year-ago quarter.
For the full year, the company forecasts revenues of $155M-$180M vs. $220M consensus.
After a series of deals with big companies, Plug Power (NASDAQ:PLUG) seems to have cornered the market for fuel cell powered warehouse equipment like forklift trucks.
Shares of fuel cell power companies including Plug Power (NASDAQ:PLUG), FuelCell Energy (NASDAQ:FCEL), Ballard Power (NASDAQ:BLDP) and Hydrogenics (NASDAQ:HYGS) always rally higher with awareness of recent natural disasters including hurricanes and earthquakes.
PLUG shares have gained more momentum and it should continue to deliver more upside due to ambitious growth targets.
CWEB Analyst’s have initiated a Hold Rating for NASDAQ:PLUG and a Price Target of $4 within 12 months.
This content is being provided to you for informational purposes only. The content has been prepared by third parties not affiliated with CWEB Inc, a business. This content and any information contained therein, does not constitute a recommendation by CWEB to buy, sell or hold any security, financial product or instrument referenced in the content. This information neither is, nor should be construed as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. CWEB Inc. does not offer or provide any opinion regarding the nature, potential, value, suitability or profitability of any particular investment or investment strategy, and you shall be fully responsible for any investment decisions you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Unless stated otherwise, the web content provided by the CWEB family of companies is for educational purposes only. The information and tools provided neither are, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. or its affiliates. Unless stated otherwise, no information presented constitutes a recommendation by CWEB Inc. or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy.