Company Performance - Plug Power's stock decreased by 6.8% to $1.37, underperforming the S&P 500's daily loss of 0.79% [1] - Prior to this decline, Plug Power's shares had increased by 51.67%, significantly outperforming the Computer and Technology sector's gain of 7.88% and the S&P 500's gain of 5.22% [1] Earnings Projections - Analysts project Plug Power's earnings per share (EPS) to be -$0.15, which represents a 58.33% increase from the same quarter last year [2] - The consensus estimate for quarterly revenue is $153.26 million, reflecting a 6.91% increase from the previous year [2] Fiscal Year Estimates - For the entire fiscal year, Zacks Consensus Estimates predict an EPS of -$0.59 and revenue of $715.37 million, indicating increases of 77.99% and 13.77% respectively from the prior year [3] - Recent changes in analyst estimates suggest a positive outlook on Plug Power's business performance and profit potential [3] Analyst Ratings - The Zacks Rank system, which evaluates estimate changes, currently ranks Plug Power at 3 (Hold) [5] - The Zacks Rank has a historical average annual return of +25% for 1 (Strong Buy) stocks since 1988 [5] Industry Context - Plug Power operates within the Electronics - Miscellaneous Products industry, which is part of the Computer and Technology sector [6] - This industry has a Zacks Industry Rank of 157, placing it in the bottom 37% of over 250 industries [6]
Plug Power (PLUG) Sees a More Significant Dip Than Broader Market: Some Facts to Know