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Plug Power (PLUG) Beats Stock Market Upswing: What Investors Need to Know
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Plug Power (PLUG - Free Report) ended the recent trading session at $1.82, demonstrating a +1.68% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.14%. At the same time, the Dow lost 0.04%, and the tech-heavy Nasdaq gained 0.38%.
The alternative energy company's shares have seen an increase of 61.26% over the last month, surpassing the Computer and Technology sector's gain of 7.37% and the S&P 500's gain of 5.35%.
Investors will be eagerly watching for the performance of Plug Power in its upcoming earnings disclosure. The company is expected to report EPS of -$0.16, up 55.56% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $152.54 million, reflecting a 6.41% rise from the equivalent quarter last year.
PLUG's full-year Zacks Consensus Estimates are calling for earnings of -$0.6 per share and revenue of $714.96 million. These results would represent year-over-year changes of +77.61% and +13.7%, respectively.
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, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
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 1.7% lower. Right now, Plug Power possesses a Zacks Rank of #4 (Sell).
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 93, positioning it in the top 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Plug Power (PLUG) Beats Stock Market Upswing: What Investors Need to Know
Plug Power (PLUG - Free Report) ended the recent trading session at $1.82, demonstrating a +1.68% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.14%. At the same time, the Dow lost 0.04%, and the tech-heavy Nasdaq gained 0.38%.
The alternative energy company's shares have seen an increase of 61.26% over the last month, surpassing the Computer and Technology sector's gain of 7.37% and the S&P 500's gain of 5.35%.
Investors will be eagerly watching for the performance of Plug Power in its upcoming earnings disclosure. The company is expected to report EPS of -$0.16, up 55.56% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $152.54 million, reflecting a 6.41% rise from the equivalent quarter last year.
PLUG's full-year Zacks Consensus Estimates are calling for earnings of -$0.6 per share and revenue of $714.96 million. These results would represent year-over-year changes of +77.61% and +13.7%, respectively.
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, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
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 1.7% lower. Right now, Plug Power possesses a Zacks Rank of #4 (Sell).
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 93, positioning it in the top 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.