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

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In the latest trading session, Plug Power (PLUG - Free Report) closed at $14.20, marking no change from the previous day. This change was narrower than the S&P 500's daily loss of 0.38%. Elsewhere, the Dow lost 0.5%, while the tech-heavy Nasdaq lost 0.5%.

Prior to today's trading, shares of the alternative energy company had lost 2.07% over the past month. This has was narrower than the Industrial Products sector's loss of 4.69% and the S&P 500's loss of 6.69% in that time.

Wall Street will be looking for positivity from Plug Power as it approaches its next earnings report date. In that report, analysts expect Plug Power to post earnings of -$0.18 per share. This would mark no growth from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $186.91 million, up 50.06% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.67 per share and revenue of $925.28 million. These totals would mark changes of +16.25% and +84.19%, respectively, from last year.

Investors might also notice recent changes to analyst estimates for Plug Power. Recent revisions tend to reflect the latest 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 3.96% lower. Plug Power currently has a Zacks Rank of #4 (Sell).

The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 100, which puts it in the top 40% 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.

You can find more information on all of these metrics, and much more, on Zacks.com.


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