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Plug Power – 1 billion US$ turnover 2024?

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DHL Express has ordered 100 H2 Panel Van with fuel cell systems from Plug in spring 2019, delivery starts 2020
DHL Express has ordered 100 H2 Panel Van with fuel cell systems from Plug in spring 2019, delivery starts 2020, © DHL

Full-bodied it comes from the company Plug Power: In 2024, the company aims to exceed the US$ 1 billion sales hurdle and generate pre-tax profit of US$ 170 million. But there’s still a long way to go. First of all, it was possible to increase the billings (new bookings) by a good US$ 61 million in the third quarter and the annual turnover is expected to be between US$ 235 and 245 million.

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Plug Power: Unshakable growth

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Forklift trucks near Prelodis in France, © Plug Power

Whichever enterprise figure is in the focus of the stock market, it will become the basis for share price development: With around US$ 31.5 million in the third quarter, Plug did deliver the expected turnover revenue, but had to continue posting a loss that the stock market took as a negative sign (expressed in US cents per share).

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