We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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 As Market Dips: What You Should Know
Read MoreHide Full Article
In the latest trading session, Plug Power (PLUG - Free Report) closed at $16.57, marking a +1.35% move from the previous day. This move outpaced the S&P 500's daily loss of 0.88%. Elsewhere, the Dow lost 0.82%, while the tech-heavy Nasdaq added 0.08%.
Heading into today, shares of the alternative energy company had lost 8.76% over the past month, outpacing the Industrial Products sector's loss of 11.26% and lagging the S&P 500's loss of 8.06% in that time.
Investors will be hoping for strength from Plug Power as it approaches its next earnings release. On that day, Plug Power is projected to report earnings of -$0.19 per share, which would represent a year-over-year decline of 5.56%. Meanwhile, our latest consensus estimate is calling for revenue of $174.25 million, up 39.89% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.71 per share and revenue of $925.28 million. These totals would mark changes of +11.25% and +84.19%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Plug Power. These recent revisions tend to reflect the evolving nature of short-term business trends. 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. 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. Over the past month, the Zacks Consensus EPS estimate has moved 10.06% lower. Plug Power is holding a Zacks Rank of #4 (Sell) right now.
The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 184, which puts it in the bottom 28% 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.
View the Zacks #1 Rank List
Image: Bigstock
Plug Power (PLUG) Gains As Market Dips: What You Should Know
In the latest trading session, Plug Power (PLUG - Free Report) closed at $16.57, marking a +1.35% move from the previous day. This move outpaced the S&P 500's daily loss of 0.88%. Elsewhere, the Dow lost 0.82%, while the tech-heavy Nasdaq added 0.08%.
Heading into today, shares of the alternative energy company had lost 8.76% over the past month, outpacing the Industrial Products sector's loss of 11.26% and lagging the S&P 500's loss of 8.06% in that time.
Investors will be hoping for strength from Plug Power as it approaches its next earnings release. On that day, Plug Power is projected to report earnings of -$0.19 per share, which would represent a year-over-year decline of 5.56%. Meanwhile, our latest consensus estimate is calling for revenue of $174.25 million, up 39.89% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.71 per share and revenue of $925.28 million. These totals would mark changes of +11.25% and +84.19%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Plug Power. These recent revisions tend to reflect the evolving nature of short-term business trends. 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. 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. Over the past month, the Zacks Consensus EPS estimate has moved 10.06% lower. Plug Power is holding a Zacks Rank of #4 (Sell) right now.
The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 184, which puts it in the bottom 28% 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.