PLUG
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Plug Power Inc. Is a supplier of hydrogen-friendly zero-emission fuel cell solutions. The company is positioning its hydrogen fuel cells as a reliable alternative energy source for both electric vehicles and businesses.
Main products and services:
• ProGen - standard engines for various electric vehicles
• GenDrive - solutions for powering electric trucks. Compared to standard engines, they stand out for their increased performance.
• GenSure - hydrogen fuel cell solutions for reliable backup and mains power in the telecommunications, transportation and utilities sectors. They are distinguished by increased reliability and resistance to external conditions.
• GenFuel is a system for the supply, production, storage and distribution of liquid hydrogen.
• GenFuel Electrolyzer - modular conventional hydrogen generators optimized for the production of pure hydrogen.
• GenCare is a maintenance program for fuel cell systems.
• GenKey is a complete turnkey solution that includes all the necessary components for the client's needs.
Plug completed three separate share placements from August 2020 to January, raising a total of $ 2.98 billion in cash. As a direct result of these actions, Plug Power now sits on top of a $ 4.5 billion cash pile (and has a debt burden of only $ 705 million). Compare that to Ballard Power's $ 1.2 billion in cash (with negligible debt), Bloom Energy at $ 204 million (with a $ 1.1 billion debt burden) and FuelCell Energy at just $ 139 million in cash (offset by $ 92 million in debt), and it's pretty clear. “Plug Power is far from the fuel cell company with the most financial firepower at its disposal.
It is also very clear that if it can buy success in the fuel cell industry, Plug Power is the company that is most likely to be able to afford the purchase price. For that matter, even if Plug ultimately fails to dominate hydrogen fuel cells, at its current burn rate of $ 368 million a year, it will take the company 10 years to run out of cash.
It is important to understand that although this company looks like the most persistent bet on energy based on hydrogen fuel cells, the profit is still very vague in the distant future. Therefore, in the current realities against the backdrop of overstated promises of the company, shares may seriously sink against the background of investors' disappointment in unjustified expectations, especially on days when the market is weak or overheated.
9/01/21 Wolfe Research Initiates Coverage On Outperform 34.0
8/06/21 RBC Capital Maintains Outperform 35.0
8/06/21 Roth Capital Maintains Buy 45.0
P.S. I apologize for the possibly crooked text, I use a translator to have contact with a foreign audience.
Plug Power Inc. Is a supplier of hydrogen-friendly zero-emission fuel cell solutions. The company is positioning its hydrogen fuel cells as a reliable alternative energy source for both electric vehicles and businesses.
Main products and services:
• ProGen - standard engines for various electric vehicles
• GenDrive - solutions for powering electric trucks. Compared to standard engines, they stand out for their increased performance.
• GenSure - hydrogen fuel cell solutions for reliable backup and mains power in the telecommunications, transportation and utilities sectors. They are distinguished by increased reliability and resistance to external conditions.
• GenFuel is a system for the supply, production, storage and distribution of liquid hydrogen.
• GenFuel Electrolyzer - modular conventional hydrogen generators optimized for the production of pure hydrogen.
• GenCare is a maintenance program for fuel cell systems.
• GenKey is a complete turnkey solution that includes all the necessary components for the client's needs.
Plug completed three separate share placements from August 2020 to January, raising a total of $ 2.98 billion in cash. As a direct result of these actions, Plug Power now sits on top of a $ 4.5 billion cash pile (and has a debt burden of only $ 705 million). Compare that to Ballard Power's $ 1.2 billion in cash (with negligible debt), Bloom Energy at $ 204 million (with a $ 1.1 billion debt burden) and FuelCell Energy at just $ 139 million in cash (offset by $ 92 million in debt), and it's pretty clear. “Plug Power is far from the fuel cell company with the most financial firepower at its disposal.
It is also very clear that if it can buy success in the fuel cell industry, Plug Power is the company that is most likely to be able to afford the purchase price. For that matter, even if Plug ultimately fails to dominate hydrogen fuel cells, at its current burn rate of $ 368 million a year, it will take the company 10 years to run out of cash.
It is important to understand that although this company looks like the most persistent bet on energy based on hydrogen fuel cells, the profit is still very vague in the distant future. Therefore, in the current realities against the backdrop of overstated promises of the company, shares may seriously sink against the background of investors' disappointment in unjustified expectations, especially on days when the market is weak or overheated.
9/01/21 Wolfe Research Initiates Coverage On Outperform 34.0
8/06/21 RBC Capital Maintains Outperform 35.0
8/06/21 Roth Capital Maintains Buy 45.0
P.S. I apologize for the possibly crooked text, I use a translator to have contact with a foreign audience.
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