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Plug Power (PLUG) Gains As Market Dips: What You Should Know
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Plug Power (PLUG - Free Report) closed at $26.78 in the latest trading session, marking a +0.9% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.33%.
Coming into today, shares of the alternative energy company had lost 10.49% in the past month. In that same time, the Industrial Products sector lost 1.13%, while the S&P 500 gained 2.89%.
Wall Street will be looking for positivity from PLUG as it approaches its next earnings report date. The company is expected to report EPS of -$0.07, down 133.33% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $109.71 million, up 61.17% from the year-ago period.
It is also important to note the recent changes to analyst estimates for PLUG. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. Within the past 30 days, our consensus EPS projection has moved 10.81% lower. PLUG is currently sporting a Zacks Rank of #3 (Hold).
The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 99, which puts it in the top 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Plug Power (PLUG) Gains As Market Dips: What You Should Know
Plug Power (PLUG - Free Report) closed at $26.78 in the latest trading session, marking a +0.9% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.33%.
Coming into today, shares of the alternative energy company had lost 10.49% in the past month. In that same time, the Industrial Products sector lost 1.13%, while the S&P 500 gained 2.89%.
Wall Street will be looking for positivity from PLUG as it approaches its next earnings report date. The company is expected to report EPS of -$0.07, down 133.33% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $109.71 million, up 61.17% from the year-ago period.
It is also important to note the recent changes to analyst estimates for PLUG. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. Within the past 30 days, our consensus EPS projection has moved 10.81% lower. PLUG is currently sporting a Zacks Rank of #3 (Hold).
The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 99, which puts it in the top 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.