![]() This industry currently has a Zacks Industry Rank of 98, which puts it in the top 39% of all 250+ industries. The Manufacturing - Electronics industry is part of the Industrial Products sector. Plug Power currently has a Zacks Rank of #3 (Hold). Within the past 30 days, our consensus EPS projection has moved 5.45% lower. 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. This model considers these estimate changes and provides a simple, actionable rating system. Investors can capitalize on this by using the Zacks Rank. ![]() Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Shares of Plug Power (NASDAQ: PLUG) fell as much as 10.5, Bloom Energy (NYSE: BE) fell 9.7, and Nikola (NASDAQ: NKLA) dropped 10.2 in Mondays trading. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Analysts evaluate the stock’s expected performance in a given time period based on. Recent revisions tend to reflect the latest near-term business trends. Nasdaq Analyst Research provides analyst research for ratings consensus and a summary of stock price targets. Our most recent consensus estimate is calling for quarterly revenue of $223.78 million, up 58.94% from the year-ago period.įor the full year, our Zacks Consensus Estimates are projecting earnings of -$0.73 per share and revenue of $1.33 billion, which would represent changes of +41.6% and +89.16%, respectively, from the prior year.Īny recent changes to analyst estimates for Plug Power should also be noted by investors. This would mark year-over-year growth of 11.11%. ![]() In that report, analysts expect Plug Power to post earnings of -$0.24 per share. Wall Street will be looking for positivity from Plug Power as it approaches its next earnings report date. Heading into today, shares of the alternative energy company had lost 19.85% over the past month, lagging the Industrial Products sector's loss of 5.79% and the S&P 500's loss of 6.68% in that time. Elsewhere, the Dow gained 1.06%, while the tech-heavy Nasdaq lost 1.7%. This move lagged the S&P 500's daily gain of 1.68%. Plug Power (PLUG) closed at $12.16 in the latest trading session, marking a -1.94% move from the prior day.
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