Equities research analysts expect Plug Power (NASDAQ:PLUG) to announce earnings per share of ($0.07) for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Plug Power’s earnings. The highest EPS estimate is ($0.05) and the lowest is ($0.10). Plug Power posted earnings of ($0.13) per share in the same quarter last year, which indicates a positive year over year growth rate of 46.2%. The firm is scheduled to report its next earnings results on Tuesday, May 8th.
On average, analysts expect that Plug Power will report full year earnings of ($0.20) per share for the current year, with EPS estimates ranging from ($0.29) to ($0.14). For the next year, analysts anticipate that the business will report earnings of ($0.07) per share, with EPS estimates ranging from ($0.17) to $0.09. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for Plug Power.
Plug Power (NASDAQ:PLUG) last issued its quarterly earnings results on Wednesday, March 7th. The electronics maker reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.02). The business had revenue of $33.70 million for the quarter, compared to analyst estimates of $31.03 million. Plug Power had a negative return on equity of 93.76% and a negative net margin of 96.94%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.08) EPS.
Several brokerages have recently issued reports on PLUG. BidaskClub cut shares of Plug Power from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 10th. Zacks Investment Research raised shares of Plug Power from a “hold” rating to a “buy” rating and set a $2.50 price target on the stock in a research report on Wednesday, January 10th. Canaccord Genuity set a $5.00 price target on shares of Plug Power and gave the stock a “buy” rating in a research report on Wednesday, March 7th. B. Riley reissued a “buy” rating on shares of Plug Power in a research report on Thursday, March 8th. Finally, HC Wainwright set a $4.00 price target on shares of Plug Power and gave the stock a “buy” rating in a research report on Thursday, March 8th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $3.48.
Several hedge funds have recently added to or reduced their stakes in PLUG. Allianz Asset Management GmbH purchased a new stake in shares of Plug Power during the fourth quarter worth approximately $4,198,000. Deutsche Bank AG increased its stake in shares of Plug Power by 134.8% during the fourth quarter. Deutsche Bank AG now owns 593,619 shares of the electronics maker’s stock worth $1,399,000 after buying an additional 340,811 shares during the period. BlackRock Inc. increased its stake in shares of Plug Power by 1.7% during the fourth quarter. BlackRock Inc. now owns 14,357,035 shares of the electronics maker’s stock worth $33,883,000 after buying an additional 239,317 shares during the period. Virtu Financial LLC increased its stake in shares of Plug Power by 151.6% during the fourth quarter. Virtu Financial LLC now owns 328,558 shares of the electronics maker’s stock worth $775,000 after buying an additional 197,982 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Plug Power by 20.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,133,117 shares of the electronics maker’s stock worth $2,675,000 after buying an additional 188,784 shares during the period. Hedge funds and other institutional investors own 26.59% of the company’s stock.
Shares of PLUG opened at $1.96 on Wednesday. The stock has a market cap of $429.78, a PE ratio of -3.27 and a beta of 1.49. Plug Power has a 1 year low of $1.53 and a 1 year high of $3.21. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.61 and a current ratio of 1.03.
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About Plug Power
Plug Power Inc, an alternative energy technology provider, engages in the design, development, commercialization, and manufacture 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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