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But from 2023 to 2026, they expect Plug Power's revenue to grow at a compound annual growth rate (CAGR) of 26% to $1.77 billion as it narrows its annual net loss to $336 million.
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Plug Power was founded in 1997 as a joint venture between DTE Energy and Mechanical Technology Inc. The company went public in October 1999. The company was subject to a shareholder class action complaint for securities fraud following the IPO for allegedly misleading statements about their fuel cell technology capabilities and on its material sales and dist
According to many metrics, Plug Power (NASDAQ: PLUG) is on a roll. Since the start of 2021, sales have skyrocketed by 2,000%. Since the start of 2021, sales have skyrocketed by 2,000%.
Plug Power has experienced solid top-line growth in recent years, with revenue increasing by 27% last year to $891 million. However, the current landscape paints a different picture.
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Since its earliest days, Plug Power (NASDAQ: PLUG) has been a volatile stock. In some years, the developer of hydrogen fuel cell systems has seen its shares surge several times in value. In other ...
Plug Power (NASDAQ: PLUG) has been a high-profile renewable energy company for more than a decade, hoping to transform how we use energy by making hydrogen fuel more available and cost-effective.