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Plug Power (PLUG) Gains But Lags Market: What You Should Know
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Plug Power (PLUG - Free Report) closed the most recent trading day at $1.13, moving +1.35% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 1.81%. On the other hand, the Dow registered a gain of 1.56%, and the technology-centric Nasdaq increased by 2.06%.
Shares of the alternative energy company have depreciated by 32.42% over the course of the past month, underperforming the Industrial Products sector's loss of 11.25% and the S&P 500's loss of 6.14%.
The investment community will be closely monitoring the performance of Plug Power in its forthcoming earnings report. The company's upcoming EPS is projected at -$0.20, signifying a 53.49% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $129.28 million, up 7.5% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.63 per share and a revenue of $708.9 million, indicating changes of +76.49% and +12.74%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Plug Power. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.26% increase. Currently, Plug Power is carrying a Zacks Rank of #3 (Hold).
The Manufacturing - Electronics industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 37, placing it within the top 15% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.
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Plug Power (PLUG) Gains But Lags Market: What You Should Know
Plug Power (PLUG - Free Report) closed the most recent trading day at $1.13, moving +1.35% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 1.81%. On the other hand, the Dow registered a gain of 1.56%, and the technology-centric Nasdaq increased by 2.06%.
Shares of the alternative energy company have depreciated by 32.42% over the course of the past month, underperforming the Industrial Products sector's loss of 11.25% and the S&P 500's loss of 6.14%.
The investment community will be closely monitoring the performance of Plug Power in its forthcoming earnings report. The company's upcoming EPS is projected at -$0.20, signifying a 53.49% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $129.28 million, up 7.5% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.63 per share and a revenue of $708.9 million, indicating changes of +76.49% and +12.74%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Plug Power. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.26% increase. Currently, Plug Power is carrying a Zacks Rank of #3 (Hold).
The Manufacturing - Electronics industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 37, placing it within the top 15% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.