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Are we really going to challenge the $5 mark again? I thought we were past this after the tax-loss selling.......
How many days until this becomes Nasdaq deficient again? Took a little longer than usual this time......
As did I earlier. And it continues going down further..... scratching my head.....
Plug Power Is an Industry Leader, Analysts Say. But the Stock Is Dropping. -- Barrons.com
12:38 pm ET January 5, 2022 (Dow Jones) Print
By Sabrina Escobar
Plug Power shares were dropping Wednesday, even after KeyBanc Capital Markets initiated coverage on the stock with an Overweight rating.
Analyst Leo Mariani sees Plug Power (ticker: PLUG) as a leader within the fuel cell industry, due to its high revenue growth, scalable business, and strong corporate partnerships. Mariani's price target for the stock is $40.
Plug Power fell 3.4% to $27.19 on Wednesday. Shares slipped 22% last year.
"We prefer fuel cell companies that have the right corporate and government partners, which we think are needed for market access, and strong revenue growth potential throughout the rest of the decade," Mariani wrote in a research note.
Plug Power, which makes hydrogen fuel-cell-powered fork lifts, fits the bill. The company has one of the l argest scale businesses compared with its public peers, Mariani said. Its revenue growth is at more than 50% per year for the next few years, and has crafted strong partnerships with Amazon, Home Depot, General Motors, and Walmart, which contribute more than 50% of consolidated revenue, he added.
"Going forward, PLUG hopes these key customers will become purchasers of its stationary power fuel cell systems and develop more H2 powered commercial vehicle capability as these companies already have the hydrogen fuel infrastructure in place to do so," Mariani wrote.
The company is the dominant player in the business, with about 90% market share globally, the analyst said. It is likely Plug Power maintains this share, as it targets to generate more than $750 million in revenue from its material handling business in 2024 and deploying more than 125,000 of its GenDrive units.
Marini believes Plug will shortly benefit from expanding its global reach. The company has strategic alliances with major players in South Korea, France, Spain, and Australia that will continue to catalyze growth in the coming years.
"We think these important partnerships put PLUG in a good position to grow its business internationally as Europe, South Korea, and Australia are very focused on making hydrogen an integral part of their energy futures," he wrote.
To top it off, the company has $3.5 billion in cash on its balance sheet as of Sept. 30, 2021 -- enough for three years' worth of funding. This is key for the analyst, who doesn't foresee Plug becoming cash flow positive until 2024 at the earliest, especially as it embarks on an ambitious plan to build out a network of green hydrogen production plans in North America and Europe.
"Sales of liquid hydrogen have been a money losing business for PLUG historically, but we expect this to turn around in 2023," he said.
Write to Sabrina Escobar at sabrina.escobar@barrons.com
(END) Dow Jones Newswires
January 05, 2022 12:38 ET (17:38 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
SP going in the wrong direction.....
Keybanc initiated coverage on Plug Power Inc (NASDAQ:PLUG) with an Overweight rating. The price target for Plug Power is set to $40.00. Plug Power earned $0.19 in the third quarter, compared to $0.04 in the year-ago quarter. The current stock performance of Plug Power shows a 52-week-high of $75.49 and a 52-week-low of $18.47. Moreover, at the end of the last trading period, the closing price was at $28.15.
Wedbush initiated coverage on The One Group Hospitality Inc (NASDAQ:STKS) with an Outperform rating. The price target for The One Group Hospitality is set to $20.00. In the third quarter, The One Group Hospitality showed an EPS of $0.11, compared to $0.03 from the year-ago quarter. The stock has a 52-week-high of $16.44 and a 52-week-low of $3.30. At the end of the last trading period, The One Group Hospitality closed at $13.06.
See all analyst ratings initiations.
Latest Ratings for GOOS DateFirmActionFromTo
Jan 2022TD SecuritiesUpgradesHoldBuy Aug 2021TD SecuritiesDowngradesBuyHold Jul 2021OTR GlobalUpgradesMixedPositive
View More Analyst Ratings for GOOS
View the Latest Analyst Ratings
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Yes you did. I was just stating/questioning that it looks like it may fall all the way down past the 52-Wk low.... which is something many probably did not think would happen when this was holding in the mid $20's.... myself included.
I also have been adding since the $19's, $18's, and now added a few more today at $17.84.
Are we really going to test the 52-Wk low? Getting awfully close......
I hope this continues to challenge the $107 mark. We should not be behind Allstate and Travelers anymore........
Does this close/stay above $0.80 by 12/31/2021? Look for another R/S announcement sometime in spring/summer 2022....... such a joke. This could be back to $0.10 - $0.20 by then......
And how is NCLH up today, as the rest of the world is down???
Heard nothing but "good news" here for years and years, and yet I am down 83%, and that's because I have averaged down after the R/S. I don't see this getting up to $0.50+ in 2022, as even when they announce 'contracts' or other news, this only bounces around $0.12 - $0.26....... and the interest/volume here is dismal.
WORKHORSE ALERT: Bragar Eagel & Squire, P.C. is Investigating Workhorse Group, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
9:00 pm ET December 17, 2021 (Globe Newswire) Print
Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Workhorse Group, Inc. (NASDAQ: WKHS) on behalf of long-term stockholders following a class action complaint that was filed against Workhorse on March 8, 2021. Our investigation concerns whether the board of directors of Workhorse have breached their fiduciary duties to the company.
The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company was merely hoping that USPS was going to select an electric vehicle as its Next Generation Delivery Vehicle, and had no assurance or indication from USPS that this was the case; (2) the Company had concealed the fact that - as revealed by the postmaster general in explaining the ultimate decision not to select an electric vehicle - electrifying the USPS's entire fleet would be impractical and astronomically expensive; and (3) as a result, defendants' statements about Workhorse's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
If you are a long-term stockholder of Workhorse, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Alexandra B. Raymond by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact Information:
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Alexandra B. Raymond, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com
https://ml.globenewswire.com/media/29481954-f2ff-4756-b5a9-d982a6497bd0/small/bes-mark-jpg.jpg
Finally a run up, and then it gets dragged right back down. This is exhausting, until interest rates rise again..... then we will steady out and climb.....
What a crazy morning. Didn't quite expect this...... wish I would have bought some more Calls, but it's been a tough thing to do with the way PGR has tumbled since we last were in the $100's....... hope this keeps going.
Don't know. Seems like the market doesn't care about good news, new contracts, etc with PLTR.
And here it is, trying to test the $18.50 level again......
No, he literally means triple zero's...... as in, 0.0002
Very nice rebound today!! Now keep it going....
Yeah, I certainly hope we get well past it, but the way things have been going, as soon as the market thrns around again, this seems to go down.
I am holding JAN 105 Calls along with my regular shares, so I hope we get there.
That's a good buy on the March 195 strikes. I have some Dec 10 210 Calls that are hurting bad, but I am more concerned with the long-term positions. We blew through the 52-wk low and there's a ton of resistance in the $210-225 area now..
Don't get me wrong, I don't want this to go lower. I want it to go higher and higher, back to the $240's and beyond. But this has dropped over $30 in two weeks, with no end in sight.
So most of the stocks in the DOW 30 have recovered nicely (except for CRM and WMT), and BA is falling hard towards the 52-wk low. Are we gonna hit it today? This is terrible....
Wow this is getting hammered today. So much for reaching $100 again this year.....
So how far is this going to fall? What happened to all the stock price projections of $260, $275, etc. by various analysts?
This new Covid variant in South Africa can't be to blame for the price being this far below projections........
Might want to revise that statement.
Don't know what the market is looking for to truly turn this stock around, but as of now the tweets and small updates are not working. We need something substantial.....
Yeah, I am down 67% here myself. Have averaged down 8 different times, and the SP has fallen after every single one of those times as well. So I am fearful of the bottom being......... bottomless.
Do you think Biden's 'intention to nominate' will actually keep this stock from continually falling further and further? I am deep in the Red here but do not see any short-term catalysts to change things around, unfortunately......
I mean, how far can this thing drop? What is going on here?
Stock needs to close above $1 for 10 consecutive trading days to satisfy that requirement.
Exactly. I own 28 tickers, and the only 2 that ended green yesterday were aapl and tsla (barely). I have 19 OTC tickers, and they were all red yesterday.
Wow, can this really drop to $40 today? It was just in the $60's at pre-market yesterday....
How long until this is back under $1 again? Look at that 30-day chart too..... how depressing! Do we make it past Thanksgiving still above $1?
Even if that's the case, anyone that is still holding shares of HMNY will lose it all 100%. So your investment in HMNY is gone.
IF they somehow resurrect MoviePass, that will have nothing to do with current HMNY shares.
Just picked up 13K more shares at 0.0835.......
Me a paid short? That's the funniest thing ever.
Bashing? Nope, asking a legitimate question.
I have stated before that my average is $1.20, and I would love for this to reach $1.50+..........
However, this is currently Nasdaq Deficient and I am asking if anyone knows when the deadline is for either filing for an extension from Nasdaq, or getting delisted, etc? This is a legitimate and important question. From what I see it is somewhere around 12/24/2021, but I am not sure and would appreciate if anyone knows the exact date. TIA
How long until either an extension, delisting, or an R/S? Even with good news this hasn't reached a dollar again, so what's it gonna be?
Another big drop this morning. Just can't gain any traction....
Both ILU$ and CYB L should run hard soon...... hoping FERN does the same
What's with the dip here before the Close?
Hi Jose...... do you think this little 10 day mini-run is pretty much over, and we fizzle back down into the $0.04's, or do you think this will still push up to around $0.10 before the predictable fall back down?