Company Performance - Plug Power's stock closed at $2.53, down 4.53% from the previous trading session, underperforming the S&P 500's loss of 0.55% [1] - Over the last month, Plug Power's shares increased by 58.68%, significantly outperforming the Computer and Technology sector's gain of 9.88% and the S&P 500's gain of 3.64% [1] Earnings Expectations - Analysts expect Plug Power to report earnings of -$0.13 per share in the upcoming earnings report, indicating a year-over-year growth of 48% [2] - Revenue is projected to be $188.33 million, reflecting an 8.41% increase compared to the same quarter last year [2] Annual Projections - For the annual period, the Zacks Consensus Estimates predict earnings of -$0.61 per share and revenue of $707.02 million, representing increases of 77.24% and 12.44% respectively from the previous year [3] Analyst Estimates and Stock Performance - Changes in analyst estimates for Plug Power are crucial as they often reflect short-term business dynamics, with positive adjustments indicating a favorable outlook on business health and profitability [3] - The Zacks Rank system, which incorporates estimate changes, has a strong track record of outperforming, with stocks rated 1 yielding an average annual return of +25% since 1988 [5] Industry Context - Plug Power operates within the Electronics - Miscellaneous Products industry, which is part of the Computer and Technology sector, currently holding a Zacks Industry Rank of 86, placing it in the top 35% of over 250 industries [6]
Plug Power (PLUG) Declines More Than Market: Some Information for Investors