Reported Earlier, Plug Power Announces Investor Presentation, Co Expects To Generate ~$6B In Revenue By 2027 And $20B By 2030; For FY23 Co Expects To Generate ~$1.2B Vs $1.28B Est.
Portfolio Pulse from Benzinga Newsdesk
Plug Power has announced in an investor presentation that it expects to generate approximately $6B in revenue by 2027 and $20B by 2030. For FY23, the company expects to generate around $1.2B, slightly below the estimated $1.28B.
October 11, 2023 | 1:38 pm
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NEUTRAL IMPACT
Plug Power's revenue forecast for FY23 is slightly below estimates, which may negatively impact investor sentiment in the short term. However, the company's long-term revenue projections are robust.
While the lower than expected revenue forecast for FY23 may cause some short-term concern among investors, the company's strong long-term revenue projections indicate a positive outlook for the company's growth. This could potentially offset any short-term negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100