![]() 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. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.īased on our research, we believe these estimate revisions are directly related to near-team stock moves. These revisions typically reflect the latest short-term business trends, which can change frequently. Investors should also note any recent changes to analyst estimates for Plug Power. These results would represent year-over-year changes of -28.75% and +66.07%, respectively. PLUG's full-year Zacks Consensus Estimates are calling for earnings of -$1.03 per share and revenue of $834.24 million. Our most recent consensus estimate is calling for quarterly revenue of $239.94 million, up 66.72% from the year-ago period. This would mark a year-over-year decline of 31.58%. In that report, analysts expect Plug Power to post earnings of -$0.25 per share. Wall Street will be looking for positivity from Plug Power as it approaches its next earnings report date. This has lagged the Industrial Products sector's gain of 11.9% and the S&P 500's gain of 4.94% in that time. Prior to today's trading, shares of the alternative energy company had lost 33% over the past month. Elsewhere, the Dow lost 0.46%, while the tech-heavy Nasdaq lost 0.14%. This move was narrower than the S&P 500's daily loss of 1.06%. You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself.Plug Power (PLUG) closed at $14.61 in the latest trading session, marking a -0.75% move from the prior day. ![]() Simply Wall St has no position in any stocks mentioned. ![]() Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. We aim to bring you long-term focused analysis driven by fundamental data. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. ![]() This article by Simply Wall St is general in nature. Alternatively, email editorial-team (at). Have feedback on this article? Concerned about the content? Get in touch with us directly. Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here. Management Team: An experienced management team on the helm increases our confidence in the business – take a look at who sits on Plug Power’s board and the CEO’s background. Valuation: What is Plug Power worth today? Has the future growth potential already been factored into the price? The intrinsic value infographic in our free research report helps visualize whether Plug Power is currently mispriced by the market. We've also put together a list of relevant aspects you should look at: This article is not intended to be a comprehensive analysis on Plug Power, so if you are interested in understanding the company at a deeper level, take a look at Plug Power's company page on Simply Wall St. Should the business grow at a slower rate, it will become profitable at a later date than expected. It turns out an average annual growth rate of 68% is expected, which is extremely buoyant. In order to meet this breakeven date, we calculated the rate at which the company must grow year-on-year. So, the company is predicted to breakeven approximately 2 years from today. They anticipate the company to incur a final loss in 2024, before generating positive profits of US$90m in 2025. Plug Power is bordering on breakeven, according to the 27 American Electrical analysts. We've put together a brief outline of industry analyst expectations for the company, its year of breakeven and its implied growth rate.Ĭheck out our latest analysis for Plug Power As path to profitability is the topic on Plug Power's investors mind, we've decided to gauge market sentiment. The company’s loss has recently broadened since it announced a US$724m loss in the full financial year, compared to the latest trailing-twelve-month loss of US$774m, moving it further away from breakeven. 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. We feel now is a pretty good time to analyse Plug Power Inc.'s ( NASDAQ:PLUG) business as it appears the company may be on the cusp of a considerable accomplishment.
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