Plug Power (NASDAQ:PLUG) Announces Earnings Results

Plug Power (NASDAQ:PLUG) posted its earnings results on Thursday. The electronics maker reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.02), Briefing.com reports. The company had revenue of $56.38 million during the quarter, compared to analyst estimates of $55.58 million. Plug Power had a negative net margin of 44.51% and a negative return on equity of 6,435.09%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.07) EPS.

NASDAQ:PLUG traded up $0.07 on Friday, reaching $2.73. 2,338,600 shares of the company’s stock were exchanged, compared to its average volume of 4,178,701. Plug Power has a 52-week low of $0.99 and a 52-week high of $3.14. The business has a fifty day moving average of $2.74 and a 200-day moving average of $2.45. The firm has a market capitalization of $697.94 million, a price-to-earnings ratio of -7.58 and a beta of 1.45.

PLUG has been the topic of a number of recent research reports. ValuEngine upgraded shares of Plug Power from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. BidaskClub lowered shares of Plug Power from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Zacks Investment Research upgraded shares of Plug Power from a “hold” rating to a “buy” rating and set a $3.50 price target on the stock in a research note on Tuesday, October 22nd. Cowen set a $3.00 price target on shares of Plug Power and gave the stock a “buy” rating in a research note on Tuesday, September 17th. Finally, B. Riley set a $3.50 price target on shares of Plug Power and gave the stock a “buy” rating in a research note on Thursday, September 26th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Plug Power presently has an average rating of “Buy” and a consensus target price of $3.06.

Plug Power Company Profile

Plug Power Inc, an alternative energy technology provider, engages in the design, development, manufacture, and commercialization of hydrogen and fuel cell systems for the material handling and stationary power markets primarily in North America and Europe. It focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and related hydrogen storage and dispensing infrastructure.

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Earnings History for Plug Power (NASDAQ:PLUG)

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