Workflow
Plug Power (PLUG) Stock Drops Despite Market Gains: Important Facts to Note
Plug PowerPlug Power(US:PLUG) ZACKSยท2025-05-02 22:50

Group 1 - Plug Power's stock closed at $0.84, reflecting a -1.01% change, underperforming compared to the S&P 500's gain of 1.47% [1] - The stock has decreased by 29.61% over the past month, significantly worse than the Industrial Products sector's loss of 1.14% and the S&P 500's loss of 0.47% [1] Group 2 - Upcoming earnings disclosure is anticipated, with projected earnings per share (EPS) at -$0.19, a 55.81% increase from the same quarter last year [2] - Revenue is estimated to be $132.12 million, indicating a 9.86% growth compared to the corresponding quarter of the prior year [2] Group 3 - For the fiscal year, earnings are projected at -$0.62 per share and revenue at $710.16 million, reflecting changes of +76.87% and +12.94% respectively from the prior year [3] - Recent analyst estimate revisions indicate positive sentiment towards the company's business and profitability [3] Group 4 - The Zacks Rank system, which incorporates estimate changes, currently ranks Plug Power at 3 (Hold) [4] - The Manufacturing - Electronics industry, part of the Industrial Products sector, has a Zacks Industry Rank of 44, placing it in the top 18% of over 250 industries [4] Group 5 - The Zacks Industry Rank measures the strength of industry groups, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [5]