Plug Power Inc. (NASDAQ:PLUG – Free Report) – Equities research analysts at Seaport Res Ptn issued their FY2024 earnings per share (EPS) estimates for shares of Plug Power in a research note issued to investors on Monday, January 27th. Seaport Res Ptn analyst T. Curran expects that the electronics maker will earn ($1.24) per share for the year. Seaport Res Ptn currently has a “Strong Sell” rating on the stock. The consensus estimate for Plug Power’s current full-year earnings is ($1.20) per share. Seaport Res Ptn also issued estimates for Plug Power’s Q4 2024 earnings at ($0.23) EPS, Q1 2025 earnings at ($0.20) EPS, Q2 2025 earnings at ($0.19) EPS, Q3 2025 earnings at ($0.20) EPS, Q4 2025 earnings at ($0.16) EPS, FY2025 earnings at ($0.75) EPS and FY2026 earnings at ($0.47) EPS.
Plug Power (NASDAQ:PLUG – Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The electronics maker reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.01). Plug Power had a negative net margin of 214.05% and a negative return on equity of 46.99%. The business had revenue of $173.70 million for the quarter, compared to analysts’ expectations of $207.25 million. During the same period in the previous year, the company earned ($0.47) EPS. Plug Power’s revenue for the quarter was down 12.6% compared to the same quarter last year.
Get Our Latest Analysis on PLUG
Plug Power Stock Up 2.1 %
Shares of NASDAQ:PLUG opened at $1.92 on Wednesday. The company has a market cap of $1.75 billion, a price-to-earnings ratio of -0.90 and a beta of 1.79. Plug Power has a 12 month low of $1.60 and a 12 month high of $5.14. The company has a current ratio of 2.08, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average price of $2.36 and a 200 day moving average price of $2.22.
Institutional Investors Weigh In On Plug Power
A number of institutional investors have recently added to or reduced their stakes in PLUG. Pacific Sage Partners LLC bought a new position in Plug Power in the fourth quarter worth about $25,000. Profund Advisors LLC bought a new position in shares of Plug Power during the 2nd quarter worth approximately $29,000. Prio Wealth Limited Partnership purchased a new stake in Plug Power during the third quarter valued at approximately $29,000. Catalyst Capital Advisors LLC lifted its position in Plug Power by 79.9% during the third quarter. Catalyst Capital Advisors LLC now owns 12,681 shares of the electronics maker’s stock valued at $29,000 after acquiring an additional 5,631 shares during the last quarter. Finally, Millburn Ridgefield Corp boosted its stake in Plug Power by 79.9% in the third quarter. Millburn Ridgefield Corp now owns 12,681 shares of the electronics maker’s stock valued at $29,000 after acquiring an additional 5,631 shares in the last quarter. Institutional investors own 43.48% of the company’s stock.
About Plug Power
Plug Power Inc develops hydrogen and fuel cell product solutions in North America, Europe, Asia, and internationally. The company offers GenDrive, a hydrogen-fueled proton exchange membrane (PEM) fuel cell system that provides power to material handling electric vehicles; GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing Internet of Things-based maintenance and on-site service program for GenDrive fuel cell systems, GenSure fuel cell systems, GenFuel hydrogen storage and dispensing products, and ProGen fuel cell engines; and GenKey, an integrated turn-key solution for transitioning to fuel cell power.
See Also
- Five stocks we like better than Plug Power
- Mastering Discipline: Overcoming Emotional Challenges In Trading
- How Growth Investors Find High-Growth Stocks and Maximize Returns
- What is a Stock Market Index and How Do You Use Them?
- Meta’s AI & Smart Glasses Could Drive 20%+ Upside in 2025
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- NVIDIA’s Slide Continues: Can Retail Investors Stop the Fall?
Receive News & Ratings for Plug Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plug Power and related companies with MarketBeat.com's FREE daily email newsletter.