Wall Street analysts expect Plug Power Inc (NASDAQ:PLUG) to report earnings of ($0.06) per share for the current quarter, Zacks reports. Four analysts have issued estimates for Plug Power’s earnings, with the highest EPS estimate coming in at ($0.04) and the lowest estimate coming in at ($0.08). Plug Power posted earnings of ($0.08) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 25%. The firm is scheduled to report its next quarterly earnings report on Thursday, March 8th.
According to Zacks, analysts expect that Plug Power will report full-year earnings of ($0.51) per share for the current fiscal year, with EPS estimates ranging from ($0.58) to ($0.31). For the next fiscal year, analysts anticipate that the business will post earnings of ($0.13) per share, with EPS estimates ranging from ($0.21) to ($0.08). Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Plug Power.
Plug Power (NASDAQ:PLUG) last issued its quarterly earnings results on Wednesday, November 8th. The electronics maker reported ($0.04) EPS for the quarter, hitting the consensus estimate of ($0.04). Plug Power had a negative net margin of 96.27% and a negative return on equity of 83.93%. The company had revenue of $61.43 million during the quarter, compared to analysts’ expectations of $54.57 million. During the same quarter in the previous year, the company earned $0.07 EPS. Plug Power’s revenue was up 249.0% on a year-over-year basis.
Shares of Plug Power (NASDAQ PLUG) traded down $0.01 during trading hours on Wednesday, hitting $2.41. 3,338,976 shares of the stock traded hands, compared to its average volume of 7,037,299. The company has a quick ratio of 0.86, a current ratio of 1.29 and a debt-to-equity ratio of 0.62. Plug Power has a 12 month low of $0.83 and a 12 month high of $3.21.
Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Plug Power by 30.6% in the second quarter. Vanguard Group Inc. now owns 10,432,461 shares of the electronics maker’s stock worth $21,283,000 after purchasing an additional 2,444,005 shares in the last quarter. State Street Corp increased its holdings in Plug Power by 14.6% during the second quarter. State Street Corp now owns 3,742,566 shares of the electronics maker’s stock worth $7,635,000 after buying an additional 477,438 shares during the last quarter. Northern Trust Corp increased its holdings in Plug Power by 39.5% during the second quarter. Northern Trust Corp now owns 2,828,390 shares of the electronics maker’s stock worth $5,770,000 after buying an additional 800,320 shares during the last quarter. Geode Capital Management LLC increased its holdings in Plug Power by 30.4% during the first quarter. Geode Capital Management LLC now owns 1,750,660 shares of the electronics maker’s stock worth $2,415,000 after buying an additional 407,653 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in Plug Power by 58.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,217,301 shares of the electronics maker’s stock worth $2,484,000 after buying an additional 448,639 shares during the last quarter. 24.30% of the stock is currently owned by institutional investors and hedge funds.
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About Plug Power
Plug Power Inc is a provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used for the industrial off-road market and the stationary power market. The Company’s product line includes GenKey, GenDrive, GenFuel, GenCare and ReliOn.
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