雅虎香港財經 Plug Power (PLUG) Beats Stock Market Upswing: What Investors Need to Know
In the latest market close, Plug Power (PLUG) reached $3.44, with a +0.15% movement compared to the previous day. This move outpaced the S&P 500's daily gain of 0.11%. On the other hand, the Dow registered a gain of 0.12%, and the technology-centric Nasdaq decreased by 0.12%.
Heading into today, shares of the alternative energy company had 0% over the past month, lagging the Industrial Products sector's gain of 7.65% and the S&P 500's gain of 3.55% in that time.
Investors will be eagerly watching for the performance of Plug Power in its upcoming earnings disclosure. In that report, analysts expect Plug Power to post earnings of -$0.32 per share. This would mark year-over-year growth of 8.57%. Simultaneously, our latest consensus estimate expects the revenue to be $173.97 million, showing a 17.27% drop compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.97 per share and a revenue of $1.03 billion, representing changes of +57.83% and +15.04%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Plug Power. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.93% lower. At present, Plug Power boasts a Zacks Rank of #3 (Hold).
The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry, currently bearing a Zacks Industry Rank of 50, finds itself in the top 20% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow PLUG in the coming trading sessions, be sure to utilize Zacks.com.
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Plug Power, Inc. (PLUG) : Free Stock Analysis Report
