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Plug Power Q1 Loss Wider Than Expected, Revenues Beat Estimates
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Plug Power Inc. (PLUG - Free Report) reported first-quarter 2025 results, wherein its bottom line missed the Zacks Consensus Estimate.
The company’s adjusted loss was 21 cents per share, wider than the consensus estimate of a loss of 20 cents per share. The bottom line fared better than the adjusted loss of 43 cents per share reported in the prior-year quarter.
Total revenues of $133.7 million beat the consensus estimate of $130 million. The top line increased 11.1% from the year-ago quarter, driven by growing electrolyzer deliveries, continued demand in material handling and ongoing deployments in the cryogenic platform.
(Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)
Revenue Details
The company generated revenues of $63.5 million from sales of equipment, related infrastructure and other, reflecting a decrease of 7% year over year. Revenues from services performed on fuel cell systems and related infrastructure were $16.9 million, up 29.6% year over year.
Revenues from power purchase agreements were $23.2 million, up 26.8% year over year. The company generated revenues of $29.5 million from fuel delivered to customers and related equipment, reflecting an increase of 61.1% year over year. Revenues from other sources decreased 55.1% year over year to $0.63 million.
Plug Power, Inc. Price, Consensus and EPS Surprise
The company’s total cost of sales in the quarter was $207.5 million, down 25.7% year over year. Selling, general and administrative expenses were $80.8 million, up 3.7% year over year. Interest expense was $11.5 million compared with $11.3 million a year ago.
Net loss in the first quarter was $196.9 million compared with a net loss of $295.8 million in the year-ago quarter.
Balance Sheet/Cash Flow
Plug Power had cash and cash equivalents of $295.8 million compared with $205.7 million at the end of December 2024. Long-term debt was $1.7 million compared with $1.9 million at 2024-end.
In the first three months of 2025, net cash used in operating activities was $105.6 million compared with $167.7 million in the year-ago period. Capital expenditure totaled $40.5 million in the same period compared with $92.6 million in the year-ago period.
PLUG’s Guidance
For second-quarter 2025, PLUG expects net sales to be to be between $140 million and $180 million.
PLUG’s Zacks Rank
The company currently carries a Zacks Rank #4 (Sell).
AZZ Inc. (AZZ - Free Report) came out with quarterly earnings of $0.98 per share in the second quarter of fiscal 2025 (ended March 2025), beating the Zacks Consensus Estimate of $0.95. This compares with earnings of $0.93 per share a year ago.
AZZ reported revenues of $351.88 million, missing the consensus estimate by 3.77%. This compares with year-ago revenues of $366.5 million.
Valmont Industries (VMI - Free Report) reported revenues of $969.31 million in the first quarter of 2025, declining 0.9% on a year-over-year basis. Earnings per share of $4.32 for the same period compare with $4.32 a year ago.
The reported revenues compare with the Zacks Consensus Estimate of $975.6 million. The company delivered an earnings surprise of 1.89%, with the consensus estimate being $4.24 per share.
Pentair plc (PNR - Free Report) came out with quarterly earnings of $1.11 per share in the first quarter of 2025, beating the Zacks Consensus Estimate of $1.01. This compares with earnings of $0.94 per share a year ago.
Pentair posted revenues of $1.01 billion for the quarter, surpassing the consensus estimate by 2.68%. This compares with year-ago revenues of $1.02 billion.
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Plug Power Q1 Loss Wider Than Expected, Revenues Beat Estimates
Plug Power Inc. (PLUG - Free Report) reported first-quarter 2025 results, wherein its bottom line missed the Zacks Consensus Estimate.
The company’s adjusted loss was 21 cents per share, wider than the consensus estimate of a loss of 20 cents per share. The bottom line fared better than the adjusted loss of 43 cents per share reported in the prior-year quarter.
Total revenues of $133.7 million beat the consensus estimate of $130 million. The top line increased 11.1% from the year-ago quarter, driven by growing electrolyzer deliveries, continued demand in material handling and ongoing deployments in the cryogenic platform.
(Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)
Revenue Details
The company generated revenues of $63.5 million from sales of equipment, related infrastructure and other, reflecting a decrease of 7% year over year. Revenues from services performed on fuel cell systems and related infrastructure were $16.9 million, up 29.6% year over year.
Revenues from power purchase agreements were $23.2 million, up 26.8% year over year. The company generated revenues of $29.5 million from fuel delivered to customers and related equipment, reflecting an increase of 61.1% year over year. Revenues from other sources decreased 55.1% year over year to $0.63 million.
Plug Power, Inc. Price, Consensus and EPS Surprise
Plug Power, Inc. price-consensus-eps-surprise-chart | Plug Power, Inc. Quote
PLUG’s Costs & Expenses
The company’s total cost of sales in the quarter was $207.5 million, down 25.7% year over year. Selling, general and administrative expenses were $80.8 million, up 3.7% year over year. Interest expense was $11.5 million compared with $11.3 million a year ago.
Net loss in the first quarter was $196.9 million compared with a net loss of $295.8 million in the year-ago quarter.
Balance Sheet/Cash Flow
Plug Power had cash and cash equivalents of $295.8 million compared with $205.7 million at the end of December 2024. Long-term debt was $1.7 million compared with $1.9 million at 2024-end.
In the first three months of 2025, net cash used in operating activities was $105.6 million compared with $167.7 million in the year-ago period. Capital expenditure totaled $40.5 million in the same period compared with $92.6 million in the year-ago period.
PLUG’s Guidance
For second-quarter 2025, PLUG expects net sales to be to be between $140 million and $180 million.
PLUG’s Zacks Rank
The company currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Companies
AZZ Inc. (AZZ - Free Report) came out with quarterly earnings of $0.98 per share in the second quarter of fiscal 2025 (ended March 2025), beating the Zacks Consensus Estimate of $0.95. This compares with earnings of $0.93 per share a year ago.
AZZ reported revenues of $351.88 million, missing the consensus estimate by 3.77%. This compares with year-ago revenues of $366.5 million.
Valmont Industries (VMI - Free Report) reported revenues of $969.31 million in the first quarter of 2025, declining 0.9% on a year-over-year basis. Earnings per share of $4.32 for the same period compare with $4.32 a year ago.
The reported revenues compare with the Zacks Consensus Estimate of $975.6 million. The company delivered an earnings surprise of 1.89%, with the consensus estimate being $4.24 per share.
Pentair plc (PNR - Free Report) came out with quarterly earnings of $1.11 per share in the first quarter of 2025, beating the Zacks Consensus Estimate of $1.01. This compares with earnings of $0.94 per share a year ago.
Pentair posted revenues of $1.01 billion for the quarter, surpassing the consensus estimate by 2.68%. This compares with year-ago revenues of $1.02 billion.