Plug Power (PLUG) Scheduled to Post Quarterly Earnings on Thursday

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Plug Power (NASDAQ:PLUG) will announce its earnings results before the market opens on Thursday, November 8th. Analysts expect the company to announce earnings of ($0.08) per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Plug Power (NASDAQ:PLUG) last posted its quarterly earnings results on Thursday, August 9th. The electronics maker reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.03). The firm had revenue of $39.93 million during the quarter, compared to the consensus estimate of $40.52 million. Plug Power had a negative net margin of 66.16% and a negative return on equity of 108.78%. Plug Power’s revenue was up 76.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.10) EPS. On average, analysts expect Plug Power to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Plug Power stock opened at $1.91 on Wednesday. The stock has a market capitalization of $408.11 million, a P/E ratio of -3.18 and a beta of 1.29. Plug Power has a 12-month low of $1.53 and a 12-month high of $3.21. The company has a current ratio of 1.07, a quick ratio of 0.69 and a debt-to-equity ratio of 4.16.

In other Plug Power news, Director Gregory B. Graves sold 31,343 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $1.73, for a total transaction of $54,223.39. Following the transaction, the director now owns 43,296 shares in the company, valued at $74,902.08. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Gerard L. Conway, Jr. sold 100,000 shares of the firm’s stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $1.86, for a total value of $186,000.00. Following the transaction, the insider now owns 110,519 shares in the company, valued at approximately $205,565.34. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by company insiders.

Several equities analysts recently issued reports on PLUG shares. Zacks Investment Research upgraded Plug Power from a “sell” rating to a “hold” rating in a report on Thursday, September 13th. CIBC initiated coverage on Plug Power in a report on Thursday, August 23rd. They set an “outperform” rating and a $2.50 target price on the stock. HC Wainwright set a $4.00 target price on Plug Power and gave the stock a “buy” rating in a report on Tuesday, October 16th. BidaskClub cut Plug Power from a “hold” rating to a “sell” rating in a report on Thursday, August 23rd. Finally, ValuEngine cut Plug Power from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. Plug Power presently has a consensus rating of “Buy” and an average price target of $3.29.

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About Plug Power

Plug Power Inc, an alternative energy technology provider, engages in the design, development, commercialization, and manufacture of hydrogen and fuel cell systems for the material handling and stationary power markets primarily in North America and Europe. It focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and related hydrogen storage and dispensing infrastructure.

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Earnings History for Plug Power (NASDAQ:PLUG)

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