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Compared to Estimates, Plug Power (PLUG) Q4 Earnings: A Look at Key Metrics
PLUGPlug Power(PLUG) ZACKS·2025-03-04 15:30

Core Insights - Plug Power reported revenue of 191.47millionforthequarterendedDecember2024,ayear−over−yeardeclineof13.8191.47 million for the quarter ended December 2024, a year-over-year decline of 13.8% and a surprise of -25.45% compared to the Zacks Consensus Estimate of 256.82 million [1] - The company posted an EPS of -1.65,whichisasignificantdropfrom−1.65, which is a significant drop from -1.07 a year ago, resulting in an EPS surprise of -617.39% against the consensus estimate of -0.23[1]RevenueBreakdown−Salesofequipmentandrelatedinfrastructuregenerated0.23 [1] Revenue Breakdown - Sales of equipment and related infrastructure generated 138.11 million, falling short of the average estimate of 196.67million,markingayear−over−yeardeclineof17.8196.67 million, marking a year-over-year decline of 17.8% [4] - Revenue from services performed on fuel cell systems was 11.96 million, below the average estimate of 14.77million,reflectingaslightyear−over−yeardecreaseof0.314.77 million, reflecting a slight year-over-year decrease of 0.3% [4] - Power purchase agreements contributed 19.41 million, slightly below the average estimate of 19.72million,withayear−over−yearchangeof−119.72 million, with a year-over-year change of -1% [4] - Revenue from fuel delivered to customers was 19.92 million, significantly lower than the average estimate of 31.50million,butshowedayear−over−yearincreaseof5.631.50 million, but showed a year-over-year increase of 5.6% [4] - Other revenue sources amounted to 2.07 million, compared to the average estimate of 2.78million,indicatingayear−over−yeardeclineof45.22.78 million, indicating a year-over-year decline of 45.2% [4] Gross Profit Analysis - Gross profit from sales of equipment and related infrastructure was reported at -143.03 million, significantly worse than the estimated -28.60million[4]−Grossprofitfrompowerpurchaseagreementswas−28.60 million [4] - Gross profit from power purchase agreements was -36.22 million, compared to the average estimate of -27.72million[4]−Grossprofitfromfueldeliveredtocustomerswas−27.72 million [4] - Gross profit from fuel delivered to customers was -36.48 million, against an estimated -18.55million[4]−Grossprofitfromservicesperformedonfuelcellsystemswas−18.55 million [4] - Gross profit from services performed on fuel cell systems was -10.03 million, compared to the estimated -0.85million[4]−Othergrossprofitwas0.85 million [4] - Other gross profit was 1.50 million, exceeding the average estimate of $0.40 million [4] Stock Performance - Plug Power's shares have returned -19.4% over the past month, contrasting with the Zacks S&P 500 composite's -2.3% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]