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Plug Power (PLUG) Stock Sinks As Market Gains: What You Should Know

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Plug Power (PLUG - Free Report) closed at $26.81 in the latest trading session, marking a -1.9% move from the prior day. This move lagged the S&P 500's daily gain of 1.02%.

Prior to today's trading, shares of the alternative energy company had lost 16.93% over the past month. This has lagged the Industrial Products sector's loss of 0.04% and the S&P 500's gain of 3.01% in that time.

PLUG will be looking to display strength as it nears its next earnings release. In that report, analysts expect PLUG to post earnings of -$0.07 per share. This would mark a year-over-year decline of 133.33%. Our most recent consensus estimate is calling for quarterly revenue of $113.11 million, up 66.16% from the year-ago period.

Investors should also note any recent changes to analyst estimates for PLUG. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 4.89% 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 69, which puts it in the top 28% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow PLUG in the coming trading sessions, be sure to utilize Zacks.com.


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