Plug Power closed at $1.96, down 3.92% on the day, a steeper drop than the broader market's 0.03% decline. The alternative energy company's shares have depreciated 5.99% over the past month, underperforming both the Computer and Technology sector's 5.26% gain and the S&P 500's 0.53% gain. Ahead of its upcoming results, the company is expected to report earnings of -$0.07 per share, up 41.67% from the prior-year quarter, on revenue of $185.14 million, a 4.57% increase. For the full year, consensus estimates project earnings of -$0.41 per share and revenue of $817.52 million, representing changes of +71.13% and +15.16% from the prior year. Plug Power currently carries a Zacks Rank of #3 (Hold), with the Zacks Consensus EPS estimate unchanged over the last 30 days.
Plug Power IncEarnings preview points to a narrower loss (-$0.07 vs prior year) on higher revenue, but shares fell 3.92% with no other stated cause.
