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Plug Power (PLUG) Falls More Steeply Than Broader Market: What Investors Need to Know
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In the latest trading session, Plug Power (PLUG - Free Report) closed at $2.01, marking a -2.2% move from the previous day. This change lagged the S&P 500's daily loss of 0.45%. Elsewhere, the Dow lost 1.21%, while the tech-heavy Nasdaq lost 0.01%.
Prior to today's trading, shares of the alternative energy company had lost 5.09% lagged the Computer and Technology sector's loss of 1.9% and the S&P 500's loss of 2.43%.
Analysts and investors alike will be keeping a close eye on the performance of Plug Power in its upcoming earnings disclosure. The company is forecasted to report an EPS of -$0.07, showcasing a 41.67% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $185.14 million, up 4.57% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.41 per share and a revenue of $817.52 million, signifying shifts of +71.13% and +15.16%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Plug Power. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. At present, Plug Power boasts a Zacks Rank of #3 (Hold).
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 45, putting it in the top 19% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow PLUG in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Plug Power (PLUG) Falls More Steeply Than Broader Market: What Investors Need to Know
In the latest trading session, Plug Power (PLUG - Free Report) closed at $2.01, marking a -2.2% move from the previous day. This change lagged the S&P 500's daily loss of 0.45%. Elsewhere, the Dow lost 1.21%, while the tech-heavy Nasdaq lost 0.01%.
Prior to today's trading, shares of the alternative energy company had lost 5.09% lagged the Computer and Technology sector's loss of 1.9% and the S&P 500's loss of 2.43%.
Analysts and investors alike will be keeping a close eye on the performance of Plug Power in its upcoming earnings disclosure. The company is forecasted to report an EPS of -$0.07, showcasing a 41.67% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $185.14 million, up 4.57% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.41 per share and a revenue of $817.52 million, signifying shifts of +71.13% and +15.16%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Plug Power. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. At present, Plug Power boasts a Zacks Rank of #3 (Hold).
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 45, putting it in the top 19% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow PLUG in the coming trading sessions, be sure to utilize Zacks.com.