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Stock impact report

Plug Power Needs To Demonstrate Its Path Toward Profitability Now [Seeking Alpha]

Plug Power, Inc. (PLUG) 
Last plug power, inc. earnings: 3/5 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.plugpower.com/home/default.aspx
Company Research Source: Seeking Alpha
jroballo/iStock via Getty ImagesThesisPlug Power Inc.'s (NASDAQ:PLUGreleaseprevious articlePLUG buyers have demonstrated tremendous resilience after a well-deserved pullback fromits August highs, as sellers digested the optimism spurred by the Inflation Reduction Act (IRA).Notwithstanding, we postulate that Plug remains well-positioned to leverage the production tax credits (PTC) embedded in the IRA, even though near-term production ramp headwinds remain. Also, its third-party hydrogen fuel costs have risen markedly through Q3, given the surge in natural gas prices.However, Plug highlighted its confidence that we could have seen the peak in natural gas prices in 2022. In addition, our analysis of the NYMEX natural gas futures (NG1:COMPlug Power remains committed to achieving scale efficiencies and profitable growth. The company highlighted its ability to lower its fuel costs in 2023, which should lift margins markedly. Notably, the company committed to exiting 2023 "with operating bre Show less Read more
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