Plug Power (NASDAQ:PLUG – Get 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:PLUG – Get 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
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Plug Power Company Profile
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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