Plug Power (PLUG) and Olin Corporation have announced the commissioning of their joint venture, Hidrogenii's, new hydrogen liquefaction plant situated in St. Gabriel, Louisiana. The facility is designed to process up to 15 metric tons of hydrogen daily, making it one of the largest electrolytic hydrogen liquefaction operations in North America.
This strategic development represents a significant step forward in enhancing the regional hydrogen supply chain and propelling the United States toward a low-carbon energy future. The plant will liquify hydrogen produced by Olin, which will then be distributed via trailers across the country. This supply chain will serve Plug’s material handling clients while leveraging Plug’s innovative spot pricing market.
With the plant's addition, Plug Power's hydrogen production capacity jumps to a total of 40 metric tons per day, further solidifying its position as a leader in the hydrogen sector.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for Olin Corp (OLN, Financial) is $30.28 with a high estimate of $70.00 and a low estimate of $19.00. The average target implies an upside of 48.64% from the current price of $20.37. More detailed estimate data can be found on the Olin Corp (OLN) Forecast page.
Based on the consensus recommendation from 19 brokerage firms, Olin Corp's (OLN, Financial) average brokerage recommendation is currently 2.7, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Olin Corp (OLN, Financial) in one year is $51.21, suggesting a upside of 151.4% from the current price of $20.37. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Olin Corp (OLN) Summary page.
