Group 1 - Plug Power's stock closed at $2.40, reflecting a +1.05% change from the previous day's closing price, outperforming the S&P 500's gain of 0.62% [1] - Over the past month, Plug Power's shares have appreciated by 9.72%, contrasting with the Computer and Technology sector's decline of 1.47% and the S&P 500's increase of 0.59% [1] Group 2 - Analysts expect Plug Power to report earnings of -$0.11 per share, indicating a year-over-year growth of 93.33%, with revenue forecasted at $219.96 million, representing a 14.88% increase compared to the same quarter last year [2] - For the full year, the Zacks Consensus Estimates predict earnings of -$0.8 per share and revenue of $701.76 million, reflecting changes of +70.15% and 0% respectively from the previous year [3] Group 3 - Recent adjustments to analyst estimates for Plug Power are noteworthy, as they often indicate changing near-term business trends, with upward revisions suggesting analysts' positive outlook on the company's operations and profit generation capabilities [4] - The Zacks Rank system, which evaluates stocks from 1 (Strong Buy) to 5 (Strong Sell), has shown that 1 stocks have generated an average annual return of +25% since 1988, with Plug Power currently holding a Zacks Rank of 3 (Hold) [6] Group 4 - The Electronics - Miscellaneous Products industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 91, placing it in the top 38% of over 250 industries, indicating strong performance potential [7]
Plug Power (PLUG) Exceeds Market Returns: Some Facts to Consider