Brokerages Expect Plug Power Inc (PLUG) Will Announce Earnings of -$0.06 Per Share
Equities research analysts expect Plug Power Inc (NASDAQ:PLUG) to post ($0.06) earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Plug Power’s earnings, with the highest EPS estimate coming in at ($0.04) and the lowest estimate coming in at ($0.08). Plug Power reported earnings of ($0.08) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 25%. The firm is scheduled to report its next quarterly earnings report on Thursday, March 8th.
According to Zacks, analysts expect that Plug Power will report full year earnings of ($0.51) per share for the current financial year, with EPS estimates ranging from ($0.58) to ($0.31). For the next financial year, analysts anticipate that the firm will report earnings of ($0.14) per share, with EPS estimates ranging from ($0.21) to ($0.08). Zacks’ EPS averages are an average based on a survey of research analysts that cover Plug Power.
Plug Power (NASDAQ:PLUG) last announced its quarterly earnings results on Wednesday, November 8th. The electronics maker reported ($0.04) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.04). The company had revenue of $61.43 million for the quarter, compared to analysts’ expectations of $54.57 million. Plug Power had a negative net margin of 96.27% and a negative return on equity of 83.93%. Plug Power’s revenue was up 249.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.07 EPS.
Institutional investors and hedge funds have recently bought and sold shares of the business. Archford Capital Strategies LLC lifted its stake in Plug Power by 20,422.2% during the 2nd quarter. Archford Capital Strategies LLC now owns 1,847 shares of the electronics maker’s stock valued at $115,000 after acquiring an additional 1,838 shares during the period. Adalta Capital Management LLC purchased a new stake in shares of Plug Power during the 2nd quarter valued at about $106,000. Virtu KCG Holdings LLC increased its position in shares of Plug Power by 126.4% during the 2nd quarter. Virtu KCG Holdings LLC now owns 92,497 shares of the electronics maker’s stock valued at $189,000 after purchasing an additional 51,638 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Plug Power by 33.7% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 105,167 shares of the electronics maker’s stock valued at $274,000 after purchasing an additional 26,530 shares during the last quarter. Finally, Voya Investment Management LLC increased its position in shares of Plug Power by 23.2% during the 2nd quarter. Voya Investment Management LLC now owns 105,772 shares of the electronics maker’s stock valued at $216,000 after purchasing an additional 19,904 shares during the last quarter. Institutional investors and hedge funds own 24.30% of the company’s stock.
Plug Power (PLUG) opened at $2.36 on Friday. The stock has a market cap of $548.33, a PE ratio of -3.87 and a beta of 1.64. Plug Power has a one year low of $0.83 and a one year high of $3.21. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.29 and a quick ratio of 0.86.
Plug Power Company Profile
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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