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Plug Power (PLUG) Declines More Than Market: Some Information for Investors
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In the latest trading session, Plug Power (PLUG - Free Report) closed at $2.23, marking a -1.76% move from the previous day. This change lagged the S&P 500's daily loss of 0.14%. Elsewhere, the Dow lost 0.01%, while the tech-heavy Nasdaq lost 0.57%.
Shares of the alternative energy company witnessed a loss of 16.24% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 4.82%, and the S&P 500's gain of 0.25%.
Analysts and investors alike will be keeping a close eye on the performance of Plug Power in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of -$0.08, marking a 50% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $167.74 million, indicating a 3.58% decline compared to the corresponding quarter of the prior year.
PLUG's full-year Zacks Consensus Estimates are calling for earnings of -$0.36 per share and revenue of $814.34 million. These results would represent year-over-year changes of +74.65% and +14.71%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Plug Power. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 6.14% higher. At present, Plug Power boasts a Zacks Rank of #2 (Buy).
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 65, this industry ranks in the top 27% of all industries, numbering over 250.
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.
View the Zacks #1 Rank List
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Plug Power (PLUG) Declines More Than Market: Some Information for Investors
In the latest trading session, Plug Power (PLUG - Free Report) closed at $2.23, marking a -1.76% move from the previous day. This change lagged the S&P 500's daily loss of 0.14%. Elsewhere, the Dow lost 0.01%, while the tech-heavy Nasdaq lost 0.57%.
Shares of the alternative energy company witnessed a loss of 16.24% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 4.82%, and the S&P 500's gain of 0.25%.
Analysts and investors alike will be keeping a close eye on the performance of Plug Power in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of -$0.08, marking a 50% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $167.74 million, indicating a 3.58% decline compared to the corresponding quarter of the prior year.
PLUG's full-year Zacks Consensus Estimates are calling for earnings of -$0.36 per share and revenue of $814.34 million. These results would represent year-over-year changes of +74.65% and +14.71%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Plug Power. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 6.14% higher. At present, Plug Power boasts a Zacks Rank of #2 (Buy).
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 65, this industry ranks in the top 27% of all industries, numbering over 250.
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.