Plug Power (PLUG) Set to Announce Earnings on Tuesday

Plug Power (NASDAQ:PLUGGet Free Report) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, November 12th. Analysts expect the company to announce earnings of ($0.25) per share for the quarter. Plug Power has set its FY 2024 guidance at EPS.

Plug Power (NASDAQ:PLUGGet Free Report) last posted its quarterly earnings data on Thursday, August 8th. The electronics maker reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.06). Plug Power had a negative net margin of 216.80% and a negative return on equity of 47.51%. The company had revenue of $143.40 million during the quarter, compared to the consensus estimate of $184.54 million. During the same quarter last year, the business earned ($0.35) earnings per share. The company’s revenue was down 44.9% on a year-over-year basis. On average, analysts expect Plug Power to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Plug Power Price Performance

Shares of NASDAQ PLUG traded up $0.02 during mid-day trading on Tuesday, reaching $2.53. 64,396,461 shares of the company traded hands, compared to its average volume of 39,961,879. The firm has a market cap of $2.23 billion, a PE ratio of -1.08 and a beta of 1.81. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.07 and a quick ratio of 0.91. Plug Power has a fifty-two week low of $1.60 and a fifty-two week high of $6.74. The stock has a fifty day simple moving average of $2.04 and a 200-day simple moving average of $2.43.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on PLUG shares. Wells Fargo & Company dropped their price objective on Plug Power from $4.00 to $3.00 and set an “equal weight” rating on the stock in a research note on Friday, August 9th. Jefferies Financial Group cut their price target on shares of Plug Power from $2.20 to $2.00 and set a “hold” rating for the company in a report on Thursday, October 3rd. Susquehanna lowered their price objective on shares of Plug Power from $3.00 to $2.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Truist Financial dropped their target price on shares of Plug Power from $3.00 to $2.00 and set a “hold” rating on the stock in a report on Monday, August 12th. Finally, Canaccord Genuity Group reduced their target price on shares of Plug Power from $3.00 to $2.50 and set a “hold” rating for the company in a report on Monday, August 12th. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $5.01.

View Our Latest Research Report on Plug Power

Plug Power Company Profile

(Get Free Report)

Plug Power Inc develops hydrogen and fuel cell product solutions in North America, Europe, Asia, and internationally. The company offers GenDrive, a hydrogen-fueled proton exchange membrane (PEM) fuel cell system that provides power to material handling electric vehicles; GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing Internet of Things-based maintenance and on-site service program for GenDrive fuel cell systems, GenSure fuel cell systems, GenFuel hydrogen storage and dispensing products, and ProGen fuel cell engines; and GenKey, an integrated turn-key solution for transitioning to fuel cell power.

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Earnings History for Plug Power (NASDAQ:PLUG)

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