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Yahoo finance plug
Yahoo finance plug






yahoo finance plug

The electrolyzer’s hydrogen output instantaneously adjusts based on electrical input, which is especially important when paired with intermittent renewable resources. Plug’s electrolyzers use PEM stack technology in a modular design that offers a small footprint with potential for capacity expansion. The electrolyzers will be delivered and installed in 2024. Plug provided engineering support for a Front End Engineering and Design (FEED) study leading to the successful decision to move the project to execution phase. “We are demonstrating how green hydrogen can be generated at scale to decarbonize hard-to-abate industries while also helping companies to achieve aggressive carbon reduction goals.” “Plug is playing a leading role in advancing green hydrogen projects in Europe through the deployment of our industry-leading PEM technology,” said Plug CEO Andy Marsh. This will eliminate approximately 516 tons per day of CO2 (carbon dioxide).

yahoo finance plug

The Plug electrolyzers will be powered by 100% renewable energy and will generate approximately 43 tons of green hydrogen per day to replace gray hydrogen in the oil refining process. This is the largest announced project in the oil and gas sector in Europe. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, secured an order for 100 megawatts (MW) of proton exchange membrane (PEM) electrolyzers. LATHAM, N.Y., J(GLOBE NEWSWIRE) - Plug Power Inc. This industry currently has a Zacks Industry Rank of 24, which puts it in the top 10% of all 250+ industries.Largest green hydrogen project in oil and gas sector in Europe The Manufacturing - Electronics industry is part of the Industrial Products sector. Plug Power currently has a Zacks Rank of #3 (Hold). Within the past 30 days, our consensus EPS projection has moved 3.26% lower. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.īased on our research, we believe these estimate revisions are directly related to near-team stock moves. These recent revisions tend to reflect the evolving nature of short-term business trends. Investors might also notice recent changes to analyst estimates for Plug Power.

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Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $238.84 million, up 57.89% from the year-ago period.įor the full year, our Zacks Consensus Estimates are projecting earnings of -$0.95 per share and revenue of $1.29 billion, which would represent changes of +24% and +83.47%, respectively, from the prior year. The company is expected to report EPS of -$0.27, up 10% from the prior-year quarter. Wall Street will be looking for positivity from Plug Power as it approaches its next earnings report date. Heading into today, shares of the alternative energy company had gained 30.37% over the past month, outpacing the Industrial Products sector's gain of 6.68% and the S&P 500's gain of 3.43% in that time. At the same time, the Dow added 0.01%, and the tech-heavy Nasdaq lost 1.37%. This change lagged the S&P 500's daily gain of 0.03%. Plug Power (PLUG) closed at $12.39 in the latest trading session, marking a -1.82% move from the prior day.








Yahoo finance plug