- Oops!Something went wrong.Please try again later.
Plug Power (PLUG) closed the most recent trading day at $27.28, moving +0.29% from the previous trading session. This change outpaced the S&P 500's 0.54% loss on the day.
Prior to today's trading, shares of the alternative energy company had lost 18.34% over the past month. This has lagged the Industrial Products sector's gain of 0.31% and the S&P 500's gain of 3.05% in that time.
Wall Street will be looking for positivity from PLUG as it approaches its next earnings report date. In that report, analysts expect PLUG to post earnings of -$0.07 per share. This would mark a year-over-year decline of 133.33%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $113.11 million, up 66.16% from the year-ago period.
Investors might also notice recent changes to analyst estimates for PLUG. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. The Zacks Consensus EPS estimate has moved 3.91% higher within the past month. PLUG is currently sporting a Zacks Rank of #4 (Sell).
The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 79, which puts it in the top 32% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Plug Power, Inc. (PLUG) : Free Stock Analysis Report
To read this article on Zacks.com click here.