Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Plug Power delivered a mixed set of results for the previous quarter, with revenues above analyst expectations but below-par earnings.</li><li>Plug Power reported $210.3 million in terms of its top-line 49% up year over year.</li><li>Regarding the application business, Plug has a remarkably stable business model compared to the other companies in the industry.</li></ul>

Plug Power delivered a mixed set of results for the previous quarter, with revenues above analyst expectations but below-par earnings.Plug Power reported $210.3 million in terms of its top-line 49% up year over year.Regarding the application business, Plug has a remarkably stable business model compared to the other companies in the industry.

Plug Power Inc.: Can It Become A Leader In The Green Hydrogen Revolution? – Key Drivers

<ul><li>Plug Power's performance in the quarter was very disappointing as it failed to meet the revenue expectations of analysts.</li><li>The company reported wider than expected losses and it continues to deliver weak results adversely affecting its market sentiment.</li><li>Plug electrolyzers and cryogenic equipment is anticipated to be used in their operations to create and deliver liquid hydrogen via Plug trailers.</li></ul>

Plug Power's performance in the quarter was very disappointing as it failed to meet the revenue expectations of analysts.The company reported wider than expected losses and it continues to deliver weak results adversely affecting its market sentiment.Plug electrolyzers and cryogenic equipment is anticipated to be used in their operations to create and deliver liquid hydrogen via Plug trailers.

<ul><li>Plug Power delivered another below par result in the quarter, failing to meet Wall Street expectations in terms of revenues as well as earnings.</li><li>The management claims that its fully developed green hydrogen platform has the potential to make it profitable.</li><li>In the hydrogen and fuel cell industries, Plug Power has a first-mover advantage which drives investor optimism.</li></ul>

Plug Power delivered another below par result in the quarter, failing to meet Wall Street expectations in terms of revenues as well as earnings.The management claims that its fully developed green hydrogen platform has the potential to make it profitable.In the hydrogen and fuel cell industries, Plug Power has a first-mover advantage which drives investor optimism.

Plug Power Inc: Partnership With Nikola Corporation & Other Drivers

Fundamental Short Selling Research

Eric Fernandez, CFA

TwoRiversAnalytics

<ul>
<li>This model looks for slowing growth, margin declines, sales and/or earnings disappointments, troubling working capital trends, poor estimate trends or lowered guidance, among other characteristics.</li>
<li>The key judgement is whether a slowdown is temporary or the beginning of a trend.  These shorts tend to have high valuations and betas.  Multiple compression accelerates the stock’s decline.</li>
<li>Today we are flagging Plug Power, Nvidia, Palantir, and Roblox</li>
</ul>


This model looks for slowing growth, margin declines, sales and/or earnings disappointments, troubling working capital trends, poor estimate trends or lowered guidance, among other characteristics.
The key judgement is whether a slowdown is temporary or the beginning of a trend.  These shorts tend to have high valuations and betas.  Multiple compression accelerates the stock’s decline.
Today we are flagging Plug Power, Nvidia, Palantir, and Roblox


Breaking Growth Short Candidates: Plug Power, Nvidia, Palantir, Roblox

<ul>
<li>This model looks for slowing growth, margin declines, sales and/or earnings disappointments, troubling working capital trends, poor estimate trends or lowered guidance, among other characteristics.</li>
<li>The key judgement is whether a slowdown is temporary or the beginning of a trend.  These shorts tend to have high valuations and betas.  Multiple compression accelerates the stock’s decline.</li>
<li>Today we are flagging Outset Med., NVIDIA, Intuitive Surgical, Plug Power</li>
</ul>


This model looks for slowing growth, margin declines, sales and/or earnings disappointments, troubling working capital trends, poor estimate trends or lowered guidance, among other characteristics.
The key judgement is whether a slowdown is temporary or the beginning of a trend.  These shorts tend to have high valuations and betas.  Multiple compression accelerates the stock’s decline.
Today we are flagging Outset Med., NVIDIA, Intuitive Surgical, Plug Power


Breaking Growth Short Candidates:  Outset Med., NVIDIA, Intuitive Surgical, Plug Power

United States

Plug Power, Inc. designs, develops, manufactures and commercializes fuel cell systems for electric lift trucks and materials handling equipment.  The Company offers its products globally to retail, grocery, and institutional food distribution centers as well as manufacturing facilities.

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Plug Power Inc (PLUG US)

Plug Power Inc.: Can It Become A Leader In The Green Hydrogen Revolution? – Key Drivers

Plug Power delivered a mixed set of results for the previous quarter, with revenues above analyst expectations but below-par earnings. Plug Power...

Baptista Research

Plug Power Inc.: Major Drivers

Plug Power's performance in the quarter was very disappointing as it failed to meet the revenue expectations of analysts. The company reported...

Baptista Research

Plug Power Inc: Partnership With Nikola Corporation & Other Drivers

Plug Power delivered another below par result in the quarter, failing to meet Wall Street expectations in terms of revenues as well as...

Baptista Research

Breaking Growth Short Candidates: Plug Power, Nvidia, Palantir, Roblox

Breaking Growth stocks combine declining fundamentals with a multiple compression. This week we flag: Plug Power, Nvidia, Palantir, Roblox

Eric Fernandez, CFA

Breaking Growth Short Candidates: Outset Med., NVIDIA, Intuitive Surgical, Plug Power

Breaking Growth stocks combine declining fundamentals with a multiple compression. This week we flag: Outset Med., NVIDIA, Intuitive Surgical,...

Eric Fernandez, CFA

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