Plug Power (PLUG) to Release Quarterly Earnings on Thursday

Plug Power (NASDAQ:PLUG) will be announcing its earnings results before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.32) per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Plug Power (NASDAQ:PLUG) last issued its quarterly earnings results on Friday, March 1st. The electronics maker reported ($1.08) EPS for the quarter, missing the consensus estimate of ($0.56) by ($0.52). The company had revenue of $222.20 million for the quarter, compared to the consensus estimate of $234.21 million. Plug Power had a negative return on equity of 38.09% and a negative net margin of 153.57%. The business’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.38) EPS. On average, analysts expect Plug Power to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Plug Power Stock Down 0.4 %

Shares of Plug Power stock opened at $2.30 on Thursday. The business has a 50-day moving average price of $3.19 and a 200 day moving average price of $4.04. Plug Power has a fifty-two week low of $2.25 and a fifty-two week high of $13.44. The firm has a market cap of $1.60 billion, a P/E ratio of -1.08 and a beta of 1.54. The company has a quick ratio of 0.86, a current ratio of 1.85 and a debt-to-equity ratio of 0.18.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on PLUG shares. BMO Capital Markets cut shares of Plug Power from a “market perform” rating to an “underperform” rating and dropped their target price for the stock from $3.50 to $2.50 in a report on Wednesday, January 24th. UBS Group downgraded Plug Power from a “buy” rating to a “neutral” rating and set a $4.75 target price for the company. in a research note on Tuesday, February 6th. Roth Capital upgraded Plug Power from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 31st. Canaccord Genuity Group reduced their price objective on Plug Power from $5.00 to $4.00 and set a “hold” rating for the company in a research report on Monday, March 4th. Finally, Citigroup lowered Plug Power from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $3.25 to $2.00 in a research report on Friday, April 5th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Plug Power has a consensus rating of “Hold” and a consensus price target of $6.05.

About Plug Power

Plug Power Inc develops hydrogen and fuel cell product solutions in North America, Europe, Asia, and internationally. The company offers GenDrive, a hydrogen-fueled proton exchange membrane (PEM) fuel cell system that provides power to material handling electric vehicles; GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing Internet of Things-based maintenance and on-site service program for GenDrive fuel cell systems, GenSure fuel cell systems, GenFuel hydrogen storage and dispensing products, and ProGen fuel cell engines; and GenKey, an integrated turn-key solution for transitioning to fuel cell power.