Plug Power Stock News: 7 Figures You Need to Know

Plug Power (PLUG) is a global leader in the hydrogen fuel cell industry. The company's stock has been on a tear lately, surging over 100% in the past year. Here are seven figures that investors need to know about Plug Power:

1. $1.5 billion: Plug Power's revenue in 2021

Plug Power's revenue has grown rapidly in recent years, increasing from $218 million in 2017 to $1.5 billion in 2021. The company's growth has been driven by increasing demand for hydrogen fuel cells, which are used to power vehicles, forklifts, and other industrial equipment.

2. $500 million: Plug Power's net loss in 2021

Plug Power has yet to turn a profit, but the company's losses have narrowed in recent years. In 2021, Plug Power reported a net loss of $500 million, compared to a loss of $758 million in 2020. The company expects to achieve profitability in 2024.

3. 11,000: The number of hydrogen fuel cells Plug Power has deployed

Plug Power has deployed over 11,000 hydrogen fuel cells worldwide. These fuel cells are used in a variety of applications, including vehicles, forklifts, and power generators. Plug Power's customers include Amazon, Walmart, and FedEx.

4. 100: The number of countries Plug Power operates in

Plug Power operates in over 100 countries around the world. The company has a global network of sales and service offices, and it is working to expand its presence in key markets.

5. 2030: The year Plug Power expects to generate $20 billion in revenue

Plug Power has ambitious growth plans for the future. The company expects to generate $20 billion in revenue by 2030. This growth will be driven by increasing demand for hydrogen fuel cells, as well as the company's expansion into new markets.

6. 10%: The average annual growth rate Plug Power expects to achieve over the next five years

Plug Power expects to achieve an average annual growth rate of 10% over the next five years. This growth will be driven by increasing demand for hydrogen fuel cells, as well as the company's expansion into new markets.

7. $40 per share: The average price target for Plug Power stock

Analysts have an average price target of $40 per share for Plug Power stock. This target implies a potential upside of over 50% from the current price.

Why Investors Are Bullish on Plug Power

Investors are bullish on Plug Power for a number of reasons, including:

• The growing demand for hydrogen fuel cells
• The company's global reach
• Plug Power's strong partnerships with major companies
• The company's ambitious growth plans

What Are the Risks of Investing in Plug Power?

There are also some risks associated with investing in Plug Power, including:

• The company has yet to turn a profit
• The hydrogen fuel cell industry is still in its early stages
• Plug Power faces competition from other companies in the industry

Should You Invest in Plug Power?

Whether or not you should invest in Plug Power depends on your individual investment goals and risk tolerance. If you are looking for a high-growth stock with the potential for significant upside, then Plug Power may be a good investment for you. However, if you are looking for a stock with a lower risk profile, then you may want to consider other options.

Common Mistakes to Avoid When Investing in Plug Power

Here are some common mistakes to avoid when investing in Plug Power:

• Investing too much: Do not invest more than you can afford to lose.
• Not doing your research: Before you invest in Plug Power, be sure to do your research and understand the risks involved.
• Investing based on hype: Do not invest in Plug Power just because it is popular.
• Panic selling: Do not sell your Plug Power stock in a panic if the price drops.
• Not taking profits: Do not hold on to your Plug Power stock for too long. If the price has reached your target, sell your stock and take your profits.

Conclusion

Plug Power is a high-growth stock with the potential for significant upside. However, there are also some risks associated with investing in the company. Before you invest in Plug Power, be sure to do your research and understand the risks involved.

Additional Resources

• Plug Power website
• Plug Power investor relations

Tables

Table 1: Plug Power's financial data

Table 2: Plug Power's deployment of hydrogen fuel cells

Table 3: Plug Power's global presence

Table 4: Plug Power's growth projections