![]() ![]() In this situation, I wouldn’t sell it unless you don’t want to own it anymore. Instead, you’ll pay the rate of tax you pay on your regular income. The problem with taking profits if you bought in December is that you won’t get the capital gains rate of tax payable because you haven’t owned PLUG for more than a year. I don’t have a crystal ball but given it grew Q4 2018 revenues by 92% and analysts expect 30% year over year growth in the second, third, and fourth quarters of 2019, I’d say the odds are relatively low. I think the most significant negative for Plug Power other than the stock’s been on a tear and is due for a bit of cooldown is if it delivers revenue growth below the analyst consensus of 13%. As a speculative bet, if you bought near $1, and believe that the potential for growth is real, I don’t know how you can’t buy more no matter the results on May 8. ![]() However, CEO Andy Marsh believes it will start making consistent EBITDA profits beginning in the third quarter. On the bottom line, it’s expected to lose eight cents a share, 11% higher than the seven cents it lost in the same quarter a year ago. Most recently, it announced that it signed an agreement with Michigan-based Lipari Foods, a distributor of unique food and beverage products in 15 states.Īnother example of the growth Plug Power’s experiencing: In 2018, it provided approximately 16 million hydrogen fills to its customers, up from 10 million at the end of 2017, a 60% growth rate.Īs for the upcoming first-quarter results, Plug Power is expected to have revenues of $32.9 million, 13% higher than a year earlier. In the fourth quarter alone, Plug Power delivered fuel cell products to 15 different customers including Amazon (NASDAQ: AMZN), Walmart (NYSE: WMT) and BMW (OTCMKTS: BMWYY). In Q4 2018, it increased revenues by 92% to $59.8 million, a sign the company’s accelerating sales and adding customers. In fiscal 2018, PLUG stock grew sales by 74% to $174.6 million. Meanwhile, on the top line, it continues to grow revenues in a big way. The Case for Buying PLUG StockĪlthough Plug Power isn’t profitable, it’s getting closer on a non-GAAP basis. ![]() Here’s the case for and against holding through earnings. With Plug Power’s first-quarter 2019 earnings report on deck for May 8, the bigger question for shareholders who bought toward the end of last year and are sitting on significant gains ought to be whether they should sell before the release of its earnings or hold tight buying more on any weakness after the report. The question is whether it’s enough to keep PLUG stock moving higher as we enter the summer doldrums of trading. Several factors account for its move in 2019. That’s quite a turnaround from the 47% downturn in 2018. 31, you’ve doubled your money as of May 1. Plug Power (NASDAQ: PLUG), a provider of hydrogen fuel cells, is having quite the rebound year in 2019. ![]()
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