Plug Power (PLUG) Stock Price

Financial Performance

Plug Power's financial performance has been concerning. The company reported revenue of $191.5M last quarter, which remained unchanged from the previous quarter. Gross profit was negative at -$234.5M, indicating that the cost of goods sold was higher than the total revenue, a situation that is not sustainable in the long run. This figure also declined by -78.7% YoY, suggesting worsening profitability. Operating income profit was significantly negative at -$1.3B and deteriorated by -431.2% YoY, pointing to operational inefficiencies or high operating expenses.

The EBITDA ratio of -6.8 further underlines these issues as it suggests a low earnings potential before interest, tax, depreciation and amortization are considered.

Stock Price

The stock price showed some positive signs with an increase of 51.9% over the past month but is still down by -22.2% YoY, implying volatility and potential risk for investors in terms of capital loss.

The RSI value stands at 73.63 which indicates that the stock might be overbought and could be due for a correction soon while its PE ratio is negative reflecting poor earnings relative to its share price.

Alternative Data Signals

In terms of alternative data signals, web traffic increased significantly MoM by 23%, although it decreased slightly YoY by -8%. This suggests some level of increased interest or engagement with Plug Power online recently but may indicate less overall digital presence compared to last year.

The number of job postings has risen substantially both MoM (37%) and YoY (63%), potentially indicating growth plans or high turnover rates within the company.

Only 22% of employees report a positive business outlook, which is quite low and has decreased by -33% YoY. This could be a red flag indicating internal issues or lack of confidence in the company's future.

The company's social media following has been growing across all platforms over the last 90 days, suggesting increased brand awareness or engagement.

Conclusion

In conclusion, despite some positive signs such as stock price growth over the past month and an increasing social media following, Plug Power's financial performance raises significant concerns about its profitability and operational efficiency. The alternative data signals also suggest potential internal issues within the company. Therefore, based on this analysis, the outlook for Plug Power's stock is bearish.

Note: This AI Stock Analysis is based on data as of July 21. Our members can refresh and get access to an up-to-date AI stock analysis.

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Based on a combination of financial analysis, technical indicators, and insights from alternative data, we predict that the stock price of Plug Power (PLUG), currently trading at $1.52, will... Sign up to access price prediction.