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.

A number of equities analysts recently issued reports on PLUG shares. Cowen reiterated a “buy” rating and issued a $3.00 price target on shares of Plug Power in a research note on Sunday, September 17th. HC Wainwright reiterated a “buy” rating and issued a $4.00 price target on shares of Plug Power in a research note on Thursday, December 7th. Craig Hallum upped their target price on shares of Plug Power from $3.00 to $4.00 and gave the company a “buy” rating in a research note on Friday, October 6th. Canaccord Genuity started coverage on shares of Plug Power in a research note on Friday, December 1st. They set a “buy” rating and a $5.00 target price on the stock. Finally, B. Riley restated a “buy” rating and set a $3.50 target price on shares of Plug Power in a research note on Thursday, November 9th. Four research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. Plug Power presently has an average rating of “Hold” and a consensus price target of $3.23.

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.

ILLEGAL ACTIVITY WARNING: This report was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this report on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this report can be viewed at https://www.americanbankingnews.com/2018/01/06/brokerages-expect-plug-power-inc-plug-will-announce-earnings-of-0-06-per-share.html.

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.

Get a free copy of the Zacks research report on Plug Power (PLUG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Plug Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plug Power and related companies with MarketBeat.com's FREE daily email newsletter.