With 4Q21 earnings season kicking off, RBC’s Jospeh Spak believes the quarter’s results will take a back seat to 2022 guidance. And the analyst thinks companies are likely to provide “fairly prudent” outlooks. Looking at the case of Plug Power (PLUG), this is evidently true; compared to Spak’s revenue forecast, the company is taking the safe route. The hydrogen specialist’s preliminary 2022 revenue guide has called for sales between $900-$925 million – broken down to $600 million for material handling, $150 million in electrolyzers, $75 million new markets and $100 million acquisition benefit - although the company did say strong electrolyzer demand could provide some upside.
https://www.tipranks.com/news/article/plug-power-earnings-are-coming-heres-what-matters?utm_source=advfn.com&utm_medium=referral
Plug Power (NASDAQ:PLUG)
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