Plug Power (PLUG) concluded the latest trading day at $2.83, a 3.41% decrease from the previous session. This decline contrasted with modest gains in the broader market, as the S&P 500 rose by 0.06%, the Dow Jones Industrial Average by 0.17%, and the Nasdaq Composite by 0.39%.
Despite the daily dip, the alternative energy company’s stock has surged an impressive 96.64% over the past month, far outpacing the 8.78% gain for the Computer and Technology sector and the S&P 500’s 3.94% increase over the same period.
Investors are now looking ahead to Plug Power’s upcoming earnings report. The consensus estimate for the company’s earnings per share (EPS) is -$0.13, which would represent a 48% improvement from the same quarter last year. Projected net sales are $183.01 million, an expected increase of 5.34% year-over-year.
For the full fiscal year, analysts anticipate an EPS of -$0.62 on revenue of $707.52 million. These figures would mark a 76.87% improvement in earnings and a 12.52% rise in revenue compared to the previous year.
Recent analyst estimate revisions, which often reflect short-term business trends, have been positive. The consensus EPS estimate has moved 1.09% higher over the past month. The stock is currently rated a #3 (Hold) by Zacks Investment Research.
Plug Power operates within the Electronics – Miscellaneous Products industry, which currently ranks in the top 20% of over 250 industries, suggesting relative strength within its peer group.
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