Plug Power Stock Gains 2.2% to $1.86 Ahead of Q4 Results
Plug Power shares rose 2.2% to $1.86, outperforming the S&P 500's 0.56% gain after a 21.2% monthly slide that trailed its sector's 4.1% loss. Analysts forecast Q4 EPS of -$0.10 on $220.68 million revenue (15.3% y/y growth) and full-year EPS of -$0.82 on $701.99 million (11.6%).
1. Trading Performance
Plug Power shares climbed 2.2% to close at $1.86, outperforming the S&P 500's 0.56% gain while the Nasdaq and Dow rose 0.78% and 0.26%, respectively. Over the last month, the stock has dropped 21.2%, significantly trailing the Computer and Technology sector’s 4.1% decline and the S&P 500’s 1.3% loss.
2. Forecasted Earnings Growth
Analysts anticipate Q4 EPS of -$0.10 on $220.68 million in revenue, reflecting 93.9% and 15.3% year-over-year growth, respectively. For the full fiscal year, EPS is expected at -$0.82 with $701.99 million in revenue, up 69.4% and 11.6% from the prior year.
3. Analyst Ratings and Industry Standing
Consensus EPS estimates for Plug Power have moved down 0.6% over the past month, resulting in a Zacks Rank of #3 (Hold). The Electronics - Miscellaneous Products industry holds a rank of 37 out of over 250, placing it in the top 16% of sectors tracked by the model.