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Plug Power (PLUG) Stock Moves -0.77%: What You Should Know

Zacks Equity Research
·2 mins read

In the latest trading session, Plug Power (PLUG) closed at $12.84, marking a -0.77% move from the previous day. This change was narrower than the S&P 500's 0.84% loss on the day. At the same time, the Dow lost 0.47%, and the tech-heavy Nasdaq lost 1.27%.

Prior to today's trading, shares of the alternative energy company had lost 5.2% over the past month. This has lagged the Industrial Products sector's gain of 1.22% and the S&P 500's gain of 0.6% in that time.

Wall Street will be looking for positivity from PLUG as it approaches its next earnings report date. The company is expected to report EPS of -$0.07, up 12.5% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $104.46 million, up 85.28% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.29 per share and revenue of $302.73 million. These totals would mark changes of +14.71% and +35.33%, respectively, from last year.

Investors might also notice recent changes to analyst estimates for PLUG. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. PLUG is currently sporting a Zacks Rank of #3 (Hold).

The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 64, which puts it in the top 26% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.


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