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The projected muffled growth of Plug Power revenue for Q1 and Q2.
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However, the hydrogen stock is trying to reduce the burning of money.
Stock Plug (Nasdaq: Plug) So far, it has been an absolute disaster in 2025: It has already fallen for four months. April was a wild ride, with hydrogen reserves immersed by 35.4%, according to data provided by S&P Global Market Intelligence. At one point in the trade on April 28, however, the Plug Power rose over 45%, just to fall shortly after.
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Earlier in April, the company added a new client, Stef, a European logistics company. The Plug Power will unleash its Genkey Solutions, which include everything-from hydrogen fuel cells to service, in two storage sites for cold storage of Stef in collaboration with Toyota Material Material, cultivating Europe.
Plug Power also started hydrogen in Louisiana last month. This is a 15-ton plant for liquefaction of hydrogen OlinS
The plant will infuse the hydrogen manufactured by OLIN and will serve the needs of customers for the processing of plug Power materials. Plug Power believes that this plant will reduce its reading of hydrogen suppliers from third countries.
However, these business updates failed to raise investors’ moods for the dressed stock. On April 28, however, the reaction of the knee to the market for the preliminary number of Plug Power for the first quarter sent the shares increasing over 45% in the day trade.
Although the estimated revenue for the first and second quarter leads the evaluations of the analysts, two bigger factors sent the shares to rise, even for a moment.
Plug Power expects to report revenue between $ 130 million and $ 134 million in the first quarter, about 10% in the year growth in the middle point. For the second quarter, it expects revenue from $ 140 million to $ 180 million, or approximately 12% growth compared to the year in the middle point. These are quite muted numbers, but the larger accent is the more burning of Pult Power’s money money and less potential problems with the units.
The management said its net use of money in the first quarter was about $ 142 million compared to $ 268 million in the fourth quarter. It expects it to burn in cash to reduce further as it reduces costs, increases hydrogen power plants and raises prices. The company ended on March 31 with a cash balance of $ 296 billion, compared to about $ 205 million as of December 31, 2024.