The hydrogen power-focused company is slowly approaching the breakeven point and might touch it in 2025.
While approaching breakeven, the expected growth rate is 60%.
Plug Power Inc. is a green play-focused company working on Hydrogen and Hydrogen fuel cells. Came us as a leading company in the green hydrogen economy. They develop, design, manufacture, market, install and also service a line of end-to-end hydrogen and zero-emission fuel cell solutions. They are specially customized for supply chains, logistics operations, on-road electric vehicles, and stationary power generation for businesses and industries in North America and internationally. It was founded in 1997, went public in 1999, and has headquarters in Latham, NY.
Break Even Point
In the financial year 2022, Plug registered a $460 million loss and a trailing twelve-month loss of $693 million. With its market cap of $9.018 B, the company amplified its losses by moving away from the breakeven point. Industry analysts su
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