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Plug Power (DE:PLUN)
XETRA:PLUN
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.18Last Year’s EPS
-0.43Same Quarter Last Year
Based on 16 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 03, 2025
|% Change Since: -6.66%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant cost-saving measures and improvements in certain business segments, such as electrolyzers. However, the company faced challenges with lower-than-expected revenue, significant non-cash charges, and slower market growth. The sentiment is balanced between positive structural changes and negative financial impacts.Company Guidance
In the Plug Power Fourth Quarter 2024 Earnings Call, the company provided guidance on several key metrics for the upcoming year. Plug Power announced the implementation of Project Quantum Leap, targeting annualized cost savings of $150 million to $200 million through staff reductions, product focus refinement, and facility consolidation. The company aims to improve its gross margins, which expanded by approximately $120 million in 2024 compared to 2023, excluding customer warrant charges. They anticipate increased deployments and improved facility utilization in their material handling segment, which is expected to contribute positively to gross margins. Additionally, Plug Power plans to launch a new joint venture facility in Louisiana, which will enhance hydrogen margins. The company is also focused on advancing its electrolyzer business, with expectations of significant growth in sales and bookings in 2025. Furthermore, Plug Power highlighted a reduction in cash burn by over 70% year-over-year and reported Q4 2024 revenue of $191 million, with full-year revenue at $629 million.Annualized Cost Savings from Project Quantum Leap
Plug Power announced significant structural changes to streamline its cost base, targeting annualized cost savings of $150 million to $200 million.
Improvement in Margins
In 2024, Plug Power made significant improvements in margins for services and hydrogen, expanding them by approximately $120 million compared to 2023.
Electrolyzer Business Growth
The electrolyzer business saw almost six-fold revenue growth in Q4 2024 compared to Q4 2023, despite some challenges.
DOE Approval and Progress on Limestone Plant
The DOE approval for the Limestone plant in Texas was secured in January, expected to start later in 2025 with completion 18 to 24 months from the start date.
Reduction in Cash Burn
Fourth quarter 2024 marked a meaningful reduction in cash burn, down over 70% year-over-year.
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DE:PLUN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:PLUN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 03, 2025 | €1.53 | €1.50 | -2.02% |
| Nov 12, 2024 | €1.83 | €1.72 | -6.11% |
| Aug 08, 2024 | €2.03 | €1.89 | -6.65% |
| May 09, 2024 | €2.36 | €2.52 | +7.05% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Plug Power (DE:PLUN) report earnings?
Plug Power (DE:PLUN) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Plug Power (DE:PLUN) earnings time?
Plug Power (DE:PLUN) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Plug Power stock?
The P/E ratio of Plug Power is N/A.
What is DE:PLUN EPS forecast?
DE:PLUN EPS forecast for the fiscal quarter 2025 (Q1) is -0.18.
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