#PLUG POWER EARNINGS CALL UPDATE#

But there are two key factors supporting an improvement in profitability for PLUG going forward. On the flip side, PLUG's Q4 2021 GAAP net loss per share of -$0.33 was much wider than the market consensus' bottom line forecast of -$0.11 per share. PLUG noted in the company's Q4 2021 shareholder letter that it 'won 16 (electrolyzer) projects in 13 countries to date'.

#PLUG POWER EARNINGS CALL UPDATE#

Separately, I noted in my prior January 2022 update for Plug Power that 'there is a very good chance that PLUG's revenue could surprise on the upside this year (2022), and the key factor is electrolyzer sales.' It is encouraging that electrolyzer sales contributed more than 6% of Plug Power's Q4 2021 revenue. This brings PLUG another step closer to achieving its 2025 target of delivering a $3 billion top line. The midpoint of its 2022 top line guidance of $900-$925 million was close to +1% higher than the sell-side's consensus sales estimate (prior to Q4 results release) of $906 million as per S&P Capital IQ. The company generated revenue of $502 million for full-year fiscal 2021. PLUG's fourth-quarter top line came in +3% better than what Wall Street analysts were expecting. Plug Power's revenue expanded by +13% QoQ from $144 million in Q3 2021 to $162 million in the most recent quarter, as indicated in the company's Q4 2021 shareholder letter. PLUG Stock Key MetricsĪs a start, I review the key metrics associated with PLUG's most recent quarterly financial results. As such, I maintain my Buy rating for PLUG.

This is because I deem the company's 2025 management guidance and 2026 consensus forecasts to be reasonable based on what I see from the company's current progress in various business areas. In the next five years, I expect robust revenue growth and improving profitability for PLUG.

In the current article, I take a longer-term view and assess where I see Plug Power in five years' time, on top of reviewing recent metrics and highlighting near-term catalysts. I touched on the 2022 outlook for PLUG in my earlier article written on January 14, 2022. I continue to assign a Buy rating to Plug Power Inc. JONGHO SHIN/iStock via Getty Images Elevator Pitch

Plug power earnings call