Where Will Plug Power Be in 5 Years?
Crystal balls are said to be useful items, but they are very hard for investors to come by. For better or worse, investors in Plug Power (NASDAQ: PLUG) stock have something very close to a crystal ball: hard numbers, laid out by management and by Wall Street analysts, telling us where Plug Power stock should be in five years.
Are you planning to invest in America's best-known pioneer in hydrogen fuel cells and intending to own the stock for the long term rather than simply trade in and out? If so, it's probably a good idea to at least consider these numbers before making your decision.
Plug Power gave its Q3 earnings just a couple of weeks ago, and it was kind of a disaster. Not only did Plug report a big net loss of $211.2 million. (That wasn't surprising. Plug has only ever reported a quarterly profit once in its 27-year-history.) Its sales also declined 13% year over year to $173.7 million.
Source Fool.com
