Plug Power (NASDAQ:PLUG – Get Free Report) will be issuing its quarterly earnings data after the market closes on Thursday, November 9th. Analysts expect the company to announce earnings of ($0.32) per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.
Plug Power (NASDAQ:PLUG – Get Free Report) last released its quarterly earnings results on Wednesday, August 9th. The electronics maker reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.07). The firm had revenue of $260.18 million during the quarter, compared to the consensus estimate of $237.38 million. Plug Power had a negative net margin of 95.15% and a negative return on equity of 20.27%. On average, analysts expect Plug Power to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Plug Power Stock Performance
PLUG opened at $6.23 on Wednesday. The business has a fifty day simple moving average of $7.27 and a 200 day simple moving average of $8.88. The company has a market capitalization of $3.75 billion, a PE ratio of -4.36 and a beta of 1.98. Plug Power has a 1 year low of $5.58 and a 1 year high of $18.88. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.16 and a quick ratio of 2.07.
Insider Buying and Selling
Institutional Investors Weigh In On Plug Power
Hedge funds and other institutional investors have recently bought and sold shares of the company. ICA Group Wealth Management LLC bought a new stake in Plug Power during the 4th quarter worth $35,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Plug Power in the 1st quarter valued at about $41,000. Tower Research Capital LLC TRC grew its position in shares of Plug Power by 1,216.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,041 shares of the electronics maker’s stock valued at $73,000 after buying an additional 6,506 shares during the last quarter. First Capital Advisors Group LLC. bought a new stake in shares of Plug Power in the 2nd quarter valued at about $77,000. Finally, Ossiam grew its position in shares of Plug Power by 32.5% in the 1st quarter. Ossiam now owns 6,712 shares of the electronics maker’s stock valued at $79,000 after buying an additional 1,646 shares during the last quarter. Institutional investors own 49.99% of the company’s stock.
Wall Street Analyst Weigh In
PLUG has been the subject of several recent research reports. Northland Securities reduced their price target on Plug Power from $22.00 to $18.00 in a research note on Thursday, October 12th. Citigroup dropped their price objective on Plug Power from $13.00 to $12.50 and set a “buy” rating for the company in a report on Tuesday, October 10th. Truist Financial dropped their price objective on Plug Power from $9.00 to $8.00 and set a “hold” rating for the company in a report on Monday, October 2nd. Morgan Stanley dropped their price objective on Plug Power from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Tuesday, October 17th. Finally, Roth Mkm reaffirmed a “neutral” rating and issued a $7.50 price objective (down from $13.00) on shares of Plug Power in a report on Thursday, August 10th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Plug Power presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.33.
About Plug Power
Plug Power Inc delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for supply chain and logistics applications, on-road electric vehicles, stationary power market, and others in North America and internationally. It engages in building an end-to-end green hydrogen ecosystem, including liquid green hydrogen production, storage and handling, transportation, and dispensing infrastructure.
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