Plug Power Continues Losses While Bloom Energy Attracts Investor Interest
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
0mins
Source: Fool
- Ongoing Losses: Plug Power has never turned a profit since going public, reporting over $2.1 billion in losses over the past 12 months against revenues of only $676 million, highlighting significant challenges in its hydrogen market development and prompting investors to reassess its future prospects.
- Market Challenges: The high costs associated with hydrogen storage and transport have hindered market growth, necessitating that Plug Power overcome these obstacles and improve revenue efficiency to avoid further cash burn.
- Project Launch: Plug Power has initiated Project Quantum Leap aimed at reducing costs and focusing on its most profitable business lines, with management hopeful of achieving positive EBITDA by the second half of next year, although it faces an unfavorable political environment.
- Bloom Energy's Advantage: Bloom Energy has secured a financing deal of up to $5 billion with Brookfield Asset Management, showcasing its rapid deployment capabilities to meet the energy demands of data centers and industrial businesses, with projected sales of $1.9 billion this year and $2.46 billion next year.
BE
$91.88+Infinity%1D
Analyst Views on BE
Wall Street analysts forecast BE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BE is 121.59 USD with a low forecast of 26.00 USD and a high forecast of 160.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Analyst Rating
9 Buy
7 Hold
1 Sell
Moderate Buy
Current: 91.430
Low
26.00
Averages
121.59
High
160.00
Current: 91.430
Low
26.00
Averages
121.59
High
160.00
About BE
Bloom Energy Corporation is engaged in stationary fuel cell power generation by market share. The Company provides distributed energy technology solutions to customers. The Company manufactures advanced and versatile fuel cell energy platforms, supporting the commercial availability of two products: the Bloom Energy Server for generating electricity and the Bloom Electrolyzer for producing hydrogen. With approximately 1.4 gigawatts (GW) of Energy Server systems deployed in more than 1,000 locations and nine countries. Its solid oxide fuel cell technology platform is the foundation for its Energy Server system and Bloom Electrolyzer. The Bloom Energy Server system is designed to deliver reliable, resilient, clean and affordable energy for utilities and organizations alike. Its Energy Server system is designed to deliver reliable electricity. The Bloom Electrolyzer is designed to provide hydrogen solutions based on the same solid oxide platform as its Energy Server systems.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
