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Plug Power Inc - Stock Quote PLUG

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Morningstar's Plug Power Inc Stock Analysis

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Economic Moat

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Initiating Coverage of Plug Power With No-Moat Rating, $20 Fair Value Estimate

Brett Castelli Equity Analyst

Analyst Note

| Brett Castelli |

We initiate coverage of Plug Power with a no-moat, stable trend rating and $20 fair value estimate. We see opportunity in shares following a recent pullback, with shares trading 20% below our fair value estimate.

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Plug Power Inc's Company Profile

Business Description

Plug Power is building an end-to-end green hydrogen ecosystem – from production, storage and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple end markets—including material handling, e-mobility, power generation, and industrial applications.

Contact
968 Albany Shaker Road
Latham, NY, 12110
T +1 518 782-7700
Sector Industrials
Industry Electrical Equipment & Parts
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Distressed
Employees 2,449