#Plug power investor day full
For the full year, the loss is expected to widen from 82 cents per share a year ago to $1.05 per share, while full-year revenue of $763.33 million would rise 52% year over year.įounded in 1997, Plug Power manufactures fuel cell products - the type that replace lead-acid batteries in vehicles and industrial trucks. This compares to the year-ago quarter loss of 33 cents per share on revenue of $161.91 million. Investors are anxious to hear what the company has to say on Wednesday about its growth expectations for both the near term and long term.įor the three months that ended December, Wall Street expects Plug Power to report a per-share loss of 25 cents on revenue of $277.39 million.
On the bright side, the backlog - a predictor of higher future revenue - was higher. In Q3, core material handling revenues were down year-over-year, while gross margin barely budged. Gupta noted that Plug Power is in strong position to lead the clean hydrogen and fuel-cell market which could be worth as much as $10 trillion. Citing the company’s potential in the green hydrogen industry as it "aims to be a one stop shop and market leader in the space,” Gupta initiated coverage of the stock a Buy rating and 12-month price target of $26.įrom current levels of around $14 per share, Gupta’s target assumes an 85% potential premium.
Although the company has struggled recently with execution, shares could go higher still, according to Manav Gupta, analyst at UBS. Its shares have risen close to 20% year to date, besting the 4% rise in S&P 500 index. Prior results do not guarantee a similar outcome.However, long-term investors who have waited patiently for power play are feeling energized so far in 2023. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.įollow us for updates on LinkedIn:, on Twitter: or on Facebook. You may also remain an absent class member and do nothing at this point. Until a class is certified, you are not represented by counsel unless you retain one. toll-free at 86 or email or for information on the class action. To join the Plug Power class action, go to or call Phillip Kim, Esq. When the true details entered the market, the lawsuit claims that investors suffered damages. As a result, defendants’ statements about Plug Power’s business, operations, prospects, and ability to effectively manage its supply chain and production lacked a reasonable basis. Specifically, defendants misrepresented and/or failed to disclose that Plug was unable to effectively manage its supply chain and product manufacturing, resulting in reduced revenues and margins, increased inventory levels, and several large deals being delayed until at least 2023, among other issues. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.ĭETAILS OF THE CASE: The lawsuit alleges that, throughout the Class Period, defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts, about Plug’s business and operations. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. In 2019 alone the firm secured over $438 million for investors. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017.
Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to serve as lead plaintiff, you must move the Court no later than June 12, 2023. A class action lawsuit has already been filed.
WHAT TO DO NEXT: To join the Plug Power class action, go to or call Phillip Kim, Esq. SO WHAT: If you purchased Plug Power common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. (NASDAQ: PLUG) between Augand March 1, 2023, both dates inclusive (the “Class Period”) of the important Jlead plaintiff deadline. WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Plug Power Inc.
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