We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Plug Power (PLUG) Gains But Lags Market: What You Should Know
Read MoreHide Full Article
Plug Power (PLUG - Free Report) closed the most recent trading day at $16.09, moving +0.12% from the previous trading session. The stock lagged the S&P 500's daily gain of 2.46%. Elsewhere, the Dow gained 2.59%, while the tech-heavy Nasdaq lost 0.2%.
Heading into today, shares of the alternative energy company had lost 23.62% over the past month, lagging the Industrial Products sector's gain of 11.4% and the S&P 500's gain of 4.56% in that time.
Wall Street will be looking for positivity from Plug Power as it approaches its next earnings report date. The company is expected to report EPS of -$0.25, down 31.58% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $239.94 million, up 66.72% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$1.03 per share and revenue of $834.24 million, which would represent changes of -28.75% and +66.07%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Plug Power. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 4.04% lower. Plug Power currently has a Zacks Rank of #3 (Hold).
The Manufacturing - Electronics industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 187, putting it in the bottom 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Plug Power (PLUG) Gains But Lags Market: What You Should Know
Plug Power (PLUG - Free Report) closed the most recent trading day at $16.09, moving +0.12% from the previous trading session. The stock lagged the S&P 500's daily gain of 2.46%. Elsewhere, the Dow gained 2.59%, while the tech-heavy Nasdaq lost 0.2%.
Heading into today, shares of the alternative energy company had lost 23.62% over the past month, lagging the Industrial Products sector's gain of 11.4% and the S&P 500's gain of 4.56% in that time.
Wall Street will be looking for positivity from Plug Power as it approaches its next earnings report date. The company is expected to report EPS of -$0.25, down 31.58% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $239.94 million, up 66.72% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$1.03 per share and revenue of $834.24 million, which would represent changes of -28.75% and +66.07%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Plug Power. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 4.04% lower. Plug Power currently has a Zacks Rank of #3 (Hold).
The Manufacturing - Electronics industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 187, putting it in the bottom 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.