Forbes Media, LLC Investor's Business Daily, Inc. Each of the company logos represented herein are trademarks of Microsoft Corporation Dow Jones & Company Nasdaq, Inc. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. You can find more information on all of these metrics, and much more, on. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. This industry currently has a Zacks Industry Rank of 24, which puts it in the top 10% of all 250+ industries. The Manufacturing - Electronics industry is part of the Industrial Products sector. Plug Power currently has a Zacks Rank of #3 (Hold). Within the past 30 days, our consensus EPS projection has moved 3.26% lower. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.īased on our research, we believe these estimate revisions are directly related to near-team stock moves. These recent revisions tend to reflect the evolving nature of short-term business trends. Investors might also notice recent changes to analyst estimates for Plug Power. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $238.84 million, up 57.89% from the year-ago period.įor the full year, our Zacks Consensus Estimates are projecting earnings of -$0.95 per share and revenue of $1.29 billion, which would represent changes of +24% and +83.47%, respectively, from the prior year. The company is expected to report EPS of -$0.27, up 10% from the prior-year quarter. Wall Street will be looking for positivity from Plug Power as it approaches its next earnings report date. Heading into today, shares of the alternative energy company had gained 30.37% over the past month, outpacing the Industrial Products sector's gain of 6.68% and the S&P 500's gain of 3.43% in that time. At the same time, the Dow added 0.01%, and the tech-heavy Nasdaq lost 1.37%. This change lagged the S&P 500's daily gain of 0.03%. Plug Power ( PLUG Quick Quote PLUG - Free Report) closed at $12.39 in the latest trading session, marking a -1.82% move from the prior day.
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