Plug Power shares: dramatic price movements and gloomy forecasts!

On February 4, 2025, Plug Power shares see a price movement in NASDAQ trading. On Tuesday afternoon the price was trading at USD 1.91, an increase of 2.7%. At 3:53 p.m. the share even reached a high of $1.92, while the stock market opened at $1.88. By this point, 701,138 shares had already been traded.

In the context of the last 52 weeks, Plug Power stock's peak value is $4.88, reached on May 15, 2024, meaning the current price is 155.50% below that high. The lowest value during this period was $1.61 on September 7, 2024, putting the current price 15.97% above the 52-week low.

Financial indicators and outlook

However, despite the price movements, there are worrying financial indicators. Plug Power paid a dividend of $0.000 per share in 2023, with a planned 2024 dividend of the same amount. The quarterly figures for the most recent quarter ended September 30, 2024 will be published on November 12, 2024. A loss of -$0.25 per share is forecast for the current quarter, following a loss of -$0.47 a year ago. Current quarter revenue is $173.73 million, down 12.57% year-over-year with revenue of $198.71 million.

For the current year, Q4 2024 financial results are expected on February 27, 2025, and experts predict a loss of -$1,241 per share for 2024.

In addition, current data from MarketScreener, that the price is at $1.955 on February 4, 2025, with a price change of +5.11% over five days, but -8.09% compared to the year. The company currently has a market value of $1.69 billion. Market analysts estimate revenue forecasts for 2024 and 2025 at $704 million and $683 million, while net income forecasts for 2024 and 2025 are -$961 million and -$931 million.

Plug Power Inc. offers a comprehensive green hydrogen ecosystem spanning production, storage, delivery and energy generation, operating in numerous industrial mobility applications, including electric forklifts and stationary power systems.