PLUG good base for investorsFundamentally, the recent key news:
In Q3 of 2021, Plug Power reported revenue of $143.9 million,which was 34% higher compared to its year-ago period.
Analysts expect the company to increase sales by 47.3% to $496 million in 2021 and by 74.5% to $866 million in 2022. This expansion might allow Plug Power to narrow the loss per share from $1.58 in 2020 to $0.25 in 2022.
On the other hand:
Plug Power ended Q3 with $4.27 billion in cash and $730 million in debt. However, the company is still reporting a negative gross margin and will require significant liquidity to offset it's high cash burn rate.
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Technically, PLUG is slowly leaving his current channel and seems to form a new sideways channel. But due the volume impact in that area, we could see another leg up. Currently we have to watch the behaviour of the investors (the volume) and the biggest supports to ensure the continuing trend confirms.
