![]() Per the company, the quarterly revenue must top $600 million for Plug Power to generate a 20% gross margin for breakeven income. Plug Power provides a prime example of why the company hitting financial targets is so crucial. The management team kept massive growth targets with 2023 revenues forecast to grow at over 80% (sound familiar?) and a massive jump by 2026 to $5 billion. The big problem is that Plug Power didn't pull away from being overly promotional. A big part of the issue is that several electrolyzer projects were pushed into 2023. Only back in October with less than 3 months left in the year, management guided to 2022 revenues of only $821 to $867 million after previously forecasting sales top $900 million for the year. The consensus analyst estimate is now for revenues only reaching $756 million this year for just above 50% growth. The company will now report actual Q4'22 financials on March 1 after the market closes.īack on January 25, Plug Power guided to 2022 revenue growth of up to 50%, down from the original expectations for greater than 80% growth this year. ![]() In no huge surprise, Plug Power lowered 2022 financial targets yet again with the business update in January. My investment thesis remains Bearish on the stock due to a constant overpromising and underdelivering record while burning tons of cash on excessive spending. The green hydrogen company spent January busily cutting revenue guidance, cancelling a big deal with a partner and announcing another deal. If you need additional information concerning the X Plans, please refer back to your X Plan Pricing website for complete details.Plug Power ( NASDAQ: PLUG) has started 2023 off the same way the company ended prior years. If you close your window or tab, you must re-access the site through the X Plan Pricing website to ensure that all eligible plan pricing is visible. What happens if I close this site before I’m finished? Contact your local dealer to determine their level of participation in the program and final vehicle pricing. Also, some dealers may choose not to participate in X Plan pricing. In addition, some vehicles, trims or options you select may not qualify for X Plans. ![]() Note: X Plan pricing information is not available on all Ford websites. Welcome X-Plan Participant Now you can view exclusive price savings on our Build & Price shopping tool. ![]() Ford Motor Company reserves the right to modify the terms of this plan at any time. See your Ford or Lincoln Dealer for complete details and qualifications. If you need additional information concerning the A/Z Plans, please refer back to your A/Z Plan Pricing website for complete details.Ī/X/Z Plan pricing, including A/X/Z Plan option pricing, is exclusively for eligible Ford Motor Company employees, friends and family members of eligible employees, and Ford Motor Company eligible partners. If you close your window or tab, you must re-access the site through the A/Z Plan Pricing website to ensure that all eligible plan pricing is visible. What happens if I close this site before I’m finished? Also, some dealers may choose not to participate in A/Z Plan pricing. In addition, some vehicles, trims or options you select may not qualify for A/Z Plans. Note: A/Z Plan pricing information is not available on all Ford websites. Welcome A/Z Plan Participant Now you can view exclusive price savings on our Build & Price shopping tool.
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