SLINGERLANDS, N.Y., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, today announced further progress on its strategic and operational initiatives and path to profitability in the third quarter of 2024. These developments underscore the Company's commitment to advancing the hydrogen economy and solidifying its market and financial position in the industry. Financial Highlights Q3 Financial Performance: Plug ...

Plug Power Inc. (PLUG) is scheduled to release third-quarter 2024 results on Nov. 12, before market open.The company has a bleak earnings surprise history, having missed the Zacks Consensus Estimate in each of the preceding four quarters. The negative earnings surprise was 48.1%, on average.Let’s see how things have shaped up for Plug Power this earnings season.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Factors to Note Ahead of PLUG’s ResultsWeak demand for the company’s GenDri ...

In its upcoming report, Plug Power (PLUG) is predicted by Wall Street analysts to post quarterly loss of $0.24 per share, reflecting an increase of 48.9% compared to the same period last year. Revenues are forecasted to be $209.85 million, representing a year-over-year increase of 5.6%.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 2.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during t ...

In the latest trading session, Plug Power (PLUG) closed at $2.52, marking a +0.4% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 1.23%. Elsewhere, the Dow gained 1.02%, while the tech-heavy Nasdaq added 1.43%.The alternative energy company's shares have seen an increase of 11.56% over the last month, surpassing the Industrial Products sector's loss of 0.89% and the S&P 500's loss of 0.54%.Analysts and investors alike will be keeping a close eye on the performance ...

Plug Power (PLUG) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November ...

Plug Power Inc PLUG has big dreams for a green hydrogen-powered future, but it might hit some potholes before reaching that destination. JPMorgan's Bill Peterson brings a cautiously balanced view, signaling that while Plug Power's ambitions shine bright, the near-term realities could dampen the sparkle for investors. As we speed toward the company's third-quarter earnings call on Nov. 12 and its annual Plug Symposium on Nov. 13, expectations are mixed, with both high hopes and real risks.Watch For Roadblock ...

Investors think Plug Power's electrolyzers might have a growing new market.Plug Power (PLUG 17.70%) shares jumped today, and investors see a path for more gains to come. That's not because of any news directly from the hydrogen power company. Rather, it's what investors see as a potentially very lucrative new market for Plug Power.Shares were 19.9% higher as of 12:40 p.m. ET Monday after reports that the Federal Energy Regulatory Commission (FERC) rejected a request to increase the amount of power from a nu ...

SLINGERLANDS N.Y., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, will announce its 2024 third quarter results on Tuesday November 12, 2024. Join the call: Date: November 12, 2024Time: 8:30 AM ETToll-free: 877-407-9221 / +1 201-689-8597Direct webcast: https://event.webcasts.com/starthere.jsp?ei=1692922&tp_key=d012114e58 The webcast can also be accessed directly from the Plug homepage (www.plugpower.com). A ...

Core Insights - Energy Plug Technologies Corp. has entered into a strategic agreement with EdgeTunePower Inc. to jointly develop a fully Canadian-made Energy Management System (EMS), positioning the company within the growing energy management market [1][2]. Industry Overview - The global energy management system market was valued at USD 31.76 billion in 2023 and is projected to reach USD 112.32 billion by 2032, growing at a compound annual growth rate (CAGR) of 15.3% [2]. Company Developments - The collaboration aims to leverage advanced software and real-time analytics to create a comprehensive EMS solution that optimizes energy distribution across various applications, including residential, commercial, and utility sectors [2]. - Energy Plug's expertise in battery technology will be combined with EdgeTunePower's innovative approach to decentralized grid systems, addressing the complexities of Canada's energy landscape [2]. Technical Highlights - The new EMS architecture is designed to support energy flow management from small-scale residential systems (20 kWh capacity) to large-scale utility applications, ensuring robust energy optimization and real-time control [3]. - High-fidelity, real-time testing will validate system performance under realistic grid conditions, enhancing stability and security [3]. - The EMS will integrate seamlessly with AI-powered data centers, hydrogen production facilities, and distributed energy resources (DERs) to ensure optimized and cost-efficient energy use [3]. - Advanced algorithms will be utilized for real-time power management, maintaining energy stability during peak demands and off-grid scenarios [3]. Strategic Goals - The EMS solution is expected to provide clients with enhanced energy control, helping them meet sustainability goals while optimizing operational costs and safeguarding against blackouts [4]. - The partnership reflects both companies' commitment to innovation, resilience, and leadership in the Canadian energy sector [4].

Company Performance - Plug Power's stock closed at $2.15, showing a +0.94% change from the previous day's closing price, outperforming the S&P 500 which fell by 0.03% [1] - Over the past month, Plug Power's shares increased by 3.4%, while the Industrial Products sector declined by 2.91% and the S&P 500 rose by 1.39% [1] - The upcoming financial results are expected to show an EPS of -$0.24, a 48.94% increase year-over-year, with revenue projected at $210.8 million, reflecting a 6.08% increase compared to the same quarter last year [1] Annual Projections - For the full year, earnings are projected at -$1.15 per share and revenue at $815.51 million, indicating a 50% increase in earnings but an 8.51% decrease in revenue compared to the prior year [2] - Recent changes in analyst estimates for Plug Power are crucial as they reflect the evolving business trends, with positive revisions seen as favorable for the company's outlook [2] Industry Context - Plug Power is categorized under the Manufacturing - Electronics industry, which is part of the Industrial Products sector, currently holding a Zacks Industry Rank of 170, placing it in the bottom 33% of over 250 industries [3] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), indicates that Plug Power currently has a Zacks Rank of 3 (Hold) [3] - Historical data shows that stocks rated 1 have delivered an average annual return of +25% since 1988, emphasizing the importance of industry rankings in stock performance [3]