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Plug Power (PLUG) Stock Sinks As Market Gains: Here's Why
PLUGPlug Power(PLUG) ZACKS·2025-01-14 23:56

Company Performance - Plug Power's upcoming EPS is projected at -0.23,a78.50.23, a 78.5% increase compared to the same quarter of the previous year [1] - Revenue is estimated at 272.41 million, up 22.62% from the prior-year quarter [1] - Plug Power's stock closed at $2.67, marking a -1.48% move from the previous day, lagging the S&P 500's 0.12% gain [5] - Shares of Plug Power gained 10.61% over the previous month, outperforming the Industrial Products sector's loss of 5.97% and the S&P 500's loss of 3.45% [5] Analyst Estimates and Rankings - Plug Power currently has a Zacks Rank of 3 (Hold) [2] - Recent changes to analyst estimates for Plug Power signify the changing landscape of near-term business trends, with positive alterations indicating analyst optimism [3] - Empirical research shows that revisions in estimates have a direct correlation with impending stock price performance [6] Industry Overview - The Manufacturing - Electronics industry, part of the Industrial Products sector, has a Zacks Industry Rank of 62, placing it in the top 25% of all 250+ industries [4] - The Zacks Industry Rank measures the strength of industry groups by averaging the Zacks Rank of individual stocks within the groups [4] - Top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]