We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Plug Power (PLUG) Dips More Than Broader Markets: What You Should Know
Read MoreHide Full Article
Plug Power (PLUG - Free Report) closed at $8.09 in the latest trading session, marking a -1.82% move from the prior day. This change lagged the S&P 500's daily loss of 0.94%. Elsewhere, the Dow lost 0.22%, while the tech-heavy Nasdaq lost 1.53%.
Coming into today, shares of the alternative energy company had lost 2.37% in the past month. In that same time, the Industrial Products sector gained 0.7%, while the S&P 500 gained 1.85%.
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 -$0.30 per share. This would mark no growth from the year-ago period. Meanwhile, our latest consensus estimate is calling for revenue of $333.45 million, up 76.77% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.26 per share and revenue of $1.3 billion. These totals would mark changes of -0.8% and +84.79%, respectively, from 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. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, 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 past month, the Zacks Consensus EPS estimate has moved 9.35% lower. Plug Power is currently sporting a Zacks Rank of #3 (Hold).
The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 86, which puts it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Plug Power (PLUG) Dips More Than Broader Markets: What You Should Know
Plug Power (PLUG - Free Report) closed at $8.09 in the latest trading session, marking a -1.82% move from the prior day. This change lagged the S&P 500's daily loss of 0.94%. Elsewhere, the Dow lost 0.22%, while the tech-heavy Nasdaq lost 1.53%.
Coming into today, shares of the alternative energy company had lost 2.37% in the past month. In that same time, the Industrial Products sector gained 0.7%, while the S&P 500 gained 1.85%.
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 -$0.30 per share. This would mark no growth from the year-ago period. Meanwhile, our latest consensus estimate is calling for revenue of $333.45 million, up 76.77% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.26 per share and revenue of $1.3 billion. These totals would mark changes of -0.8% and +84.79%, respectively, from 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. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, 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 past month, the Zacks Consensus EPS estimate has moved 9.35% lower. Plug Power is currently sporting a Zacks Rank of #3 (Hold).
The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 86, which puts it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.