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Plug Power (PLUG) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, Plug Power (PLUG - Free Report) closed at $20.70, marking a -1.71% move from the previous day. This change lagged the S&P 500's daily gain of 0.28%. Meanwhile, the Dow gained 0.29%, and the Nasdaq, a tech-heavy index, added 0.19%.
Heading into today, shares of the alternative energy company had lost 28.37% over the past month, lagging the Industrial Products sector's loss of 3.12% and the S&P 500's loss of 5.39% in that time.
Wall Street will be looking for positivity from Plug Power as it approaches its next earnings report date. In that report, analysts expect Plug Power to post earnings of -$0.12 per share. This would mark a year-over-year decline of 140%. Meanwhile, our latest consensus estimate is calling for revenue of $159.37 million, up 14.11% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for Plug Power. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. Over the past month, the Zacks Consensus EPS estimate has moved 4.89% higher. Plug Power currently has a Zacks Rank of #2 (Buy).
The Manufacturing - Electronics industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 84, putting it in the top 33% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Plug Power (PLUG) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Plug Power (PLUG - Free Report) closed at $20.70, marking a -1.71% move from the previous day. This change lagged the S&P 500's daily gain of 0.28%. Meanwhile, the Dow gained 0.29%, and the Nasdaq, a tech-heavy index, added 0.19%.
Heading into today, shares of the alternative energy company had lost 28.37% over the past month, lagging the Industrial Products sector's loss of 3.12% and the S&P 500's loss of 5.39% in that time.
Wall Street will be looking for positivity from Plug Power as it approaches its next earnings report date. In that report, analysts expect Plug Power to post earnings of -$0.12 per share. This would mark a year-over-year decline of 140%. Meanwhile, our latest consensus estimate is calling for revenue of $159.37 million, up 14.11% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for Plug Power. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. Over the past month, the Zacks Consensus EPS estimate has moved 4.89% higher. Plug Power currently has a Zacks Rank of #2 (Buy).
The Manufacturing - Electronics industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 84, putting it in the top 33% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.