Shares of Plug Power Inc. (NASDAQ: PLUG) are surging higher today as the company announces exciting plans for an upcoming investor day.
The event, scheduled for Wednesday, will be held at Plug Power’s gigafactory in Rochester, N.Y. It aims to showcase the company’s applications and energy business divisions, with invited guests in attendance. The entire event will be webcast, starting at 11:00 ET, allowing a wider audience to participate.
According to CEO Andy Marsh, the event will provide an opportunity for visitors to witness the company’s expanded operations at the gigafactory. Marsh expressed confidence in Plug Power’s growth, stating, “This operational growth supports our near-term revenue goals of $1.4 billion in 2023 and our long-term target of achieving annual sales of $20 billion by 2030.”
Notably, the projected revenue goal of $1.4 billion for 2023 surpasses the initial expectations of $1.29 billion.