From the start of the year through the end of trading last week, Plug Power (PLUG 10.20%) stock has vastly underperformed the market. Whereas the S&P 500 rose 7.4% during this time frame, share prices of Plug Power fell about 18%.However, one Wall Street analyst believes that Plug Power stock is set to reverse this downward trend and head higher. Hiking his price target 33% from $3 to $4, Jordan Levy, an analyst at Truist Financial, thinks Plug Power could soar about 16% from Wednesday's closing price of $3 ...

Plug Power (PLUG 5.81%) sent shockwaves among investors some months ago when it issued a "going concern" warning. Management has tried hard to pacify investors since, and some of the updates it provided in late January even sent the hydrogen stock surging more than 40% in the last week of the month.All eyes have been on Plug Power's earnings report since, with investors hoping for some more good news. The company seems to have succeeded, or so it seems from the way Plug Power stock made a U-turn on Friday, ...

Shares of hydrogen fuel cell company Plug Power (PLUG 5.62%) fell more than 10% in early trading on Friday before turning around, erasing its losses, and even notching a 1.7% gain by 11:40 a.m., after "missing" on both sales and earnings in its 2023 earnings report this morning.Heading into the quarter, analysts weren't overly optimistic, expecting Plug to report a loss of $1.62 per share on $900.3 million in sales -- but Plug managed to disappoint investors on both counts. Sales for the year came up short ...

Plug Power (PLUG -1.70%) stock was having a banner week, at least through Thursday. The stock had soared by more than 20% heading into the company's fourth-quarter earnings report Friday morning. But shares plunged after the market got a look at that report.Still, as of late Friday morning, Plug Power stock was trading about 6% higher than where it started the week, according to data provided by S&P Global Market Intelligence. There was some good news in the company's earnings report, but investors still de ...

Plug Power (PLUG) reported $222.16 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 0.6%. EPS of -$1.07 for the same period compares to -$0.38 a year ago.The reported revenue represents a surprise of +9.67% over the Zacks Consensus Estimate of $202.57 million. With the consensus EPS estimate being -$0.56, the EPS surprise was -91.07%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to de ...

Plug Power (PLUG) came out with a quarterly loss of $1.07 per share versus the Zacks Consensus Estimate of a loss of $0.56. This compares to loss of $0.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -91.07%. A quarter ago, it was expected that this alternative energy company would post a loss of $0.32 per share when it actually produced a loss of $0.47, delivering a surprise of -46.88%.Over the last four quarters, the comp ...

Hydrogen supplier Plug Power (NASDAQ:PLUG) stock fell over 9% overnight despite saying it no longer has a “going concern” problem.The company said it has “sufficient cash on hand coupled with available liquidity” to fund its operations for the foreseeable future. However, it still posted a large loss of $1.37 billion, $2.30 per share, on revenue of $891 million for the year.PLUG stock is expected to open this morning at $3.21 per share, a market capitalization of under $2.2 billion.Plugging Back In?The loss ...

Plug Power Inc (NASDAQ: PLUG) is down 10% in premarket on Friday even though it reported record revenue for 2023. Why is Plug Power stock down on Friday?Copy link to sectionThe stock is being punished primarily because hydrogen fuel cells company ended the year with $2.30 of per-share loss ($1.37 billion) – much higher than $1.25 per share in 2022. Plug Power attributed the inflated loss to “increased investments in growth and expansion and the varied non-cash charges”.The quarterly report arrives just week ...

LATHAM, N.Y., March 01, 2024 (GLOBE NEWSWIRE) -- Today, Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy announced its financial results and operational milestones for the quarter and fiscal year ended December 31, 2023. With a steadfast commitment to advancing the green hydrogen economy, the Company has achieved significant progress in revenue growth, operational efficiency, and strategic investments aimed at promoting global sustainability a ...

Beaten-down clean hydrogen company Plug Power (NASDAQ:PLUG) appears to be showing some signs of life today. Shares of PLUG stock are now up more than 5% ahead of the company’s earnings report due tomorrow. The analyst consensus for Plug Power’s upcoming fourth-quarter earnings is for a quarterly loss of 57 cents per share. Now, that’s a big loss, considering PLUG stock currently trades for around $3.60 per share (after today’s increase). But that loss is also expected to be roughly half the amount the compa ...