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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 $12.16 in the latest trading session, marking a -1.94% move from the prior day. This move lagged the S&P 500's daily gain of 1.68%. Elsewhere, the Dow gained 1.06%, while the tech-heavy Nasdaq lost 1.7%.
Heading into today, shares of the alternative energy company had lost 19.85% over the past month, lagging the Industrial Products sector's loss of 5.79% and the S&P 500's loss of 6.68% 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 -$0.24 per share. This would mark year-over-year growth of 11.11%. Our most recent consensus estimate is calling for quarterly revenue of $223.78 million, up 58.94% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.73 per share and revenue of $1.33 billion, which would represent changes of +41.6% and +89.16%, respectively, from the prior year.
Any recent changes to analyst estimates for Plug Power should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 5.45% lower. Plug Power currently has 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 98, which puts it in the top 39% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Plug Power (PLUG) Stock Sinks As Market Gains: What You Should Know
Plug Power (PLUG - Free Report) closed at $12.16 in the latest trading session, marking a -1.94% move from the prior day. This move lagged the S&P 500's daily gain of 1.68%. Elsewhere, the Dow gained 1.06%, while the tech-heavy Nasdaq lost 1.7%.
Heading into today, shares of the alternative energy company had lost 19.85% over the past month, lagging the Industrial Products sector's loss of 5.79% and the S&P 500's loss of 6.68% 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 -$0.24 per share. This would mark year-over-year growth of 11.11%. Our most recent consensus estimate is calling for quarterly revenue of $223.78 million, up 58.94% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.73 per share and revenue of $1.33 billion, which would represent changes of +41.6% and +89.16%, respectively, from the prior year.
Any recent changes to analyst estimates for Plug Power should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 5.45% lower. Plug Power currently has 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 98, which puts it in the top 39% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.