Plug Power, Inc. (PLUG) to Release Quarterly Earnings on Monday
Plug Power, Inc. (NASDAQ:PLUG) will be announcing its earnings results before the market opens on Monday, November 6th. Analysts expect the company to announce earnings of ($0.03) per share for the quarter.
Plug Power (NASDAQ:PLUG) last posted its earnings results on Tuesday, August 8th. The electronics maker reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.03). Plug Power had a negative return on equity of 86.35% and a negative net margin of 112.95%. The business had revenue of $22.60 million for the quarter, compared to analyst estimates of $28.58 million. During the same quarter in the prior year, the business earned ($0.04) earnings per share. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. On average, analysts expect Plug Power to post $-0.36 EPS for the current fiscal year and $-0.14 EPS for the next fiscal year.
Shares of Plug Power, Inc. (PLUG) opened at 2.7307 on Monday. The firm’s market capitalization is $613.67 million. The company’s 50-day moving average is $2.61 and its 200 day moving average is $2.26. Plug Power, Inc. has a 52-week low of $0.83 and a 52-week high of $3.07.
In related news, Director George C. Mcnamee acquired 200,000 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was purchased at an average price of $2.20 per share, with a total value of $440,000.00. Following the completion of the purchase, the director now owns 486,131 shares in the company, valued at approximately $1,069,488.20. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 4.90% of the company’s stock.
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Several brokerages have issued reports on PLUG. Craig Hallum upped their target price on Plug Power from $3.00 to $4.00 and gave the stock a “buy” rating in a research note on Friday, October 6th. Cowen and Company reaffirmed a “buy” rating and issued a $3.00 target price on shares of Plug Power in a research note on Tuesday, October 17th. Zacks Investment Research raised Plug Power from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Roth Capital reaffirmed a “sell” rating and issued a $1.30 target price on shares of Plug Power in a research note on Sunday, July 23rd. Finally, BidaskClub raised Plug Power from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $2.98.
About Plug Power
Plug Power Inc is a provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used for the industrial off-road market and the stationary power market. The Company’s product line includes GenKey, GenDrive, GenFuel, GenCare and ReliOn.
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