Every Plug Power Investor Should Keep an Eye on This Number
If one had to identify a theme for the recent fourth-quarter 2024 earnings presentation from fuel cell and hydrogen specialist Plug Power (NASDAQ: PLUG), "hope springs eternal" would be a strong choice. With revenue declining in 2024 and profitability still distant, management announced a restructuring plan that will ostensibly improve the company's finances.But in the interest of keeping things simple, those with Plug on their radars needn't worry about all the numbers that are bandied about with the restructuring plan. Instead, they need to focus on merely one figure in the coming quarters.While Plug has achieved success at growing revenue over the past 15 years, comparable growth at the bottom of the income statement has been elusive.Continue reading
If one had to identify a theme for the recent fourth-quarter 2024 earnings presentation from fuel cell and hydrogen specialist Plug Power (NASDAQ: PLUG), "hope springs eternal" would be a strong choice. With revenue declining in 2024 and profitability still distant, management announced a restructuring plan that will ostensibly improve the company's finances.
But in the interest of keeping things simple, those with Plug on their radars needn't worry about all the numbers that are bandied about with the restructuring plan. Instead, they need to focus on merely one figure in the coming quarters.
While Plug has achieved success at growing revenue over the past 15 years, comparable growth at the bottom of the income statement has been elusive.
