Plug Power (PLUG) reported $120.26 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 42.8%. EPS of -$0.43 for the same period compares to -$0.35 a year ago.The reported revenue represents a surprise of -26.18% over the Zacks Consensus Estimate of $162.92 million. With the consensus EPS estimate being -$0.32, the EPS surprise was -34.38%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall ...

Shares in hydrogen company Plug Power (NASDAQ:PLUG) stock fell 4.7% overnight after announcing disappointing quarterly results.This followed a 5% fall in trading on May 8. Plug Power opened today at about $2.40 per share, a market capitalization of $1.66 billion.Pulling the PlugFor the quarter ending in March, Plug Power reported a loss of $296 million, 46 cents per share. Revenue was just $120 million. Revenue was down over 43%, and losses were up 43% from a year ago. The company ended the quarter with jus ...

Plug Power (PLUG) came out with a quarterly loss of $0.43 per share versus the Zacks Consensus Estimate of a loss of $0.32. This compares to loss of $0.35 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -34.38%. A quarter ago, it was expected that this alternative energy company would post a loss of $0.56 per share when it actually produced a loss of $1.07, delivering a surprise of -91.07%.Over the last four quarters, the comp ...

Exhibit 99.1 Plug Announces First Quarter 2024 Financial Results LATHAM, N.Y., May 9, 2024 — Plug Power Inc. (NASDAQ: PLUG) (the "Company"), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, announced its financial results and operational milestones for the first quarter of 2024. First-Quarter Results ● Earnings-Per-Share (EPS) and Revenue: The Company reported revenue of $120.3 million and EPS loss of $0.46 for the quarter ended March 31, 2024. ● Enhanced Focus on Cash Man ...

Plug Power's management touts its long-term potential, but some analysts are starting to worry.If you listen to Plug Power's (PLUG -4.54%) management team, there's a ton of long-term upside to the company's business. Trillions of dollars are being invested into renewable technologies right now, including hydrogen fuel cells, which Plug Power specializes in. There's a case to be made that the company is primed to ride a tidal wave of investor interest.Analysts at Goldman Sachs aren't so sure. In fact, accord ...

Hydrogen fuel cell specialist Plug Power (NASDAQ:PLUG) is set to release its fiscal first-quarter earnings report prior to the opening bell on May 9. Analysts anticipate a revenue bump from the company’s multiple deals. However, downward revisions for earnings per share pose concerns for PLUG stock, which has slipped 5% ahead of the critical disclosure.Overall, Wall Street is looking for a loss per share of 33 cents on revenue of $157.58 million. In the year-ago quarter, the company posted a loss of 35 cent ...

Plug Power Inc. (PLUG) is scheduled to release first-quarter 2024 results on May 9, 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 48.2%, on average.Let’s see how things have shaped up for Plug Power this earnings season.Factors to NoteRevenues from fuel delivered to customers and related equipment are expected to have benefited from an increase in the number of sites ...

Plug Power (NASDAQ:PLUG) stock, once a frontrunner in the hydrogen fuel cell industry, has experienced a significant decline in its share price in recent years. The company has declined in value by 47% YTD, while also declining by more than 90% in the last 3 years. Despite investor enthusiasm, the company faces headwinds that may impact the share price. Key factors include financial conditions, infrastructure slowdown, and growing operating losses. Investors should sell the stock ASAP due to anticipated pai ...

LATHAM, N.Y., May 03, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, announced the signing of a memorandum of understanding (MOU) with Allied Green Ammonia (AGA), an Australian Company focused on green ammonia production, to supply up to 3 gigawatts (GW) of Plug electrolyzer capacity for AGA's upcoming hydrogen to ammonia facility proposed for the Northern Territory of Australia. Following the MOU, Plug and AGA plan ...

Wall Street continues to dislike Plug Power (NASDAQ:PLUG) because it is losing large amounts of money, and the Street has little or no tolerance for such companies because interest rates are high. Moreover, many of those who believe that higher-for-longer rates will inevitably doom such firms are selling short the shares of companies like Plug Power. They view such names as easy targets.And yet, the longer-term outlook of Plug Power stock remains positive, driven by the continued, relatively rapid progress ...