Plug Power (PLUG) to Release Quarterly Earnings on Thursday

Plug Power (NASDAQ:PLUG) is set to announce 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. Individual that wish to register for the company’s earnings conference call can do so using this link.

Plug Power (NASDAQ:PLUG) last issued its quarterly earnings data on Friday, March 1st. The electronics maker reported ($1.08) earnings per share (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 analyst estimates of $234.21 million. Plug Power had a negative return on equity of 38.09% and a negative net margin of 153.57%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.38) earnings per share. 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 Performance

Plug Power stock opened at $2.64 on Wednesday. Plug Power has a fifty-two week low of $2.25 and a fifty-two week high of $13.44. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of -1.15 and a beta of 1.64. The stock has a fifty day moving average of $3.12 and a two-hundred day moving average of $3.88. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.86 and a current ratio of 1.85.

Wall Street Analyst Weigh In

PLUG has been the topic of a number of recent research reports. Canaccord Genuity Group reduced their target price on shares of Plug Power from $5.00 to $4.00 and set a “hold” rating on the stock in a report on Monday, March 4th. Roth Capital upgraded shares of Plug Power from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 31st. HSBC reduced their price target on Plug Power from $9.00 to $8.50 and set a “buy” rating on the stock in a research note on Tuesday, March 5th. Marathon Capitl reiterated an “equal weight” rating on shares of Plug Power in a research note on Tuesday, March 26th. Finally, Truist Financial increased their price objective on shares of Plug Power from $3.00 to $4.00 and gave the stock a “hold” rating in a report on Wednesday, February 28th. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $6.05.

Plug Power Company Profile

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.