Plug Power (PLUG) Reports Q1 Loss, Tops Revenue Estimates

Group 1 - Plug Power reported a quarterly loss of $0.21 per share, slightly worse than the Zacks Consensus Estimate of a loss of $0.20, but an improvement from a loss of $0.43 per share a year ago [1] - The company posted revenues of $133.67 million for the quarter ended March 2025, exceeding the Zacks Consensus Estimate by 1.08% and showing an increase from $120.26 million year-over-year [2] - Plug Power shares have declined approximately 59.6% since the beginning of the year, contrasting with the S&P 500's decline of 3.8% [3] Group 2 - The earnings outlook for Plug Power is mixed, with the current consensus EPS estimate for the upcoming quarter at -$0.17 on revenues of $159.31 million, and -$0.62 on revenues of $715.97 million for the current fiscal year [7] - The Manufacturing - Electronics industry, to which Plug Power belongs, is currently ranked in the top 37% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] Group 3 - The estimate revisions trend for Plug Power is currently mixed, resulting in a Zacks Rank 3 (Hold), suggesting that the shares are expected to perform in line with the market in the near future [6] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]