Plug Power (NASDAQ:PLUG) Releases Quarterly Earnings Results, Misses Expectations By $0.10 EPS
Plug Power (NASDAQ:PLUG) Releases Quarterly Earnings Results, Misses Expectations By $0.10 EPS
Plug Power (NASDAQ:PLUG – Get Rating) released its quarterly earnings results on Tuesday. The electronics maker reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.10), Briefing.com reports. Plug Power had a negative return on equity of 11.78% and a negative net margin of 97.29%. The company had revenue of $151.30 million for the quarter, compared to analysts' expectations of $162.31 million. During the same quarter last year, the company earned ($0.18) EPS. Plug Power's revenue for the quarter was up 21.5% compared to the same quarter last year. Plug Power updated its FY 2022 guidance to EPS.
Plug Power Price Performance
Plug Power stock traded up $4.11 during trading hours on Wednesday, hitting $28.78. The stock had a trading volume of 53,058,715 shares, compared to its average volume of 21,983,889. The company has a debt-to-equity ratio of 0.12, a current ratio of 11.44 and a quick ratio of 10.51. The stock has a market capitalization of $16.64 billion, a price-to-earnings ratio of -29.47 and a beta of 1.78. Plug Power has a 1-year low of $12.70 and a 1-year high of $46.50. The stock's fifty day moving average is $18.32 and its two-hundred day moving average is $21.12.
Get Plug Power alerts:Institutional Trading of Plug Power
Several large investors have recently bought and sold shares of PLUG. Neuberger Berman Group LLC boosted its stake in shares of Plug Power by 7.3% during the first quarter. Neuberger Berman Group LLC now owns 13,972 shares of the electronics maker's stock valued at $400,000 after acquiring an additional 946 shares during the last quarter. Gabelli Funds LLC boosted its stake in shares of Plug Power by 26.5% during the first quarter. Gabelli Funds LLC now owns 31,616 shares of the electronics maker's stock valued at $905,000 after acquiring an additional 6,616 shares during the last quarter. Walleye Capital LLC acquired a new stake in shares of Plug Power during the first quarter valued at $2,736,000. Weiss Multi Strategy Advisers LLC acquired a new stake in shares of Plug Power during the first quarter valued at $1,431,000. Finally, Yaupon Capital Management LP boosted its stake in shares of Plug Power by 12.3% during the first quarter. Yaupon Capital Management LP now owns 84,200 shares of the electronics maker's stock valued at $2,409,000 after acquiring an additional 9,200 shares during the last quarter. Institutional investors and hedge funds own 52.07% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have recently commented on PLUG. JPMorgan Chase & Co. upped their price target on Plug Power from $28.00 to $32.00 and gave the stock an "overweight" rating in a research note on Wednesday. Morgan Stanley cut their price target on Plug Power from $43.00 to $42.00 and set an "overweight" rating for the company in a research note on Thursday, July 21st. Northland Securities began coverage on Plug Power in a research note on Tuesday, August 2nd. They set a "market perform" rating and a $25.00 price target for the company. KeyCorp upped their price target on Plug Power from $30.00 to $32.00 and gave the stock an "overweight" rating in a research note on Wednesday. Finally, Craig Hallum dropped their price objective on Plug Power from $49.00 to $31.00 in a report on Tuesday, May 10th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, Plug Power has an average rating of "Moderate Buy" and an average target price of $32.62.About Plug Power
(Get Rating)
Plug Power Inc delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for supply chain and logistics applications, on-road electric vehicles, stationary power market, and others in North America and internationally. It engages in building an end-to-end green hydrogen ecosystem, including green hydrogen production, storage and delivery, and energy generation through mobile or stationary applications.
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Plug Power(納斯達克:Plug-Get Rating)週二發佈了季度收益業績。據Briefing.com報道,這家電子產品製造商公佈的季度每股收益為0.30美元,低於普遍預期的0.20美元和0.10美元。Plug Power的淨資產回報率為負11.78%,淨利潤率為負97.29%。該公司當季營收為1.513億美元,高於分析師預期的1.6231億美元。去年同期,該公司每股收益為0.18美元。與去年同期相比,Plug Power本季度的收入增長了21.5%。Plug Power更新了其2022財年每股收益指導。
插電電價表現
Plug Power的股票在週三的交易時段上漲了4.11美元,達到28.78美元。該股成交量為53,058,715股,而其平均成交量為21,983,889股。該公司的債務權益比為0.12,流動比率為11.44,速動比率為10.51。該股市值為166.4億美元,市盈率為-29.47倍,貝塔係數為1.78。Plug Power的一年低點為12.70美元,一年高位為46.50美元。該股的50日移動均線切入位為18.32美元,200日移動均線切入位為21.12美元。
到達插頭電源警報:插電式電力的制度性交易
最近,幾家大型投資者買賣了Plug的股票。Neuberger Berman Group LLC在第一季度將其在Plug Power的股份增加了7.3%。紐伯格伯曼集團(Neuberger Berman Group LLC)現在持有這家電子產品製造商13,972股股票,價值40萬美元,上個季度又收購了946股。今年第一季度,Gabelli Funds LLC將其在Plug Power的持股比例提高了26.5%。Gabelli Funds LLC現在持有這家電子產品製造商31,616股股票,價值90.5萬美元,此前在上個季度又購買了6,616股。Walleye Capital LLC在第一季度收購了Plug Power的新股份,價值2,73.6萬美元。Weiss多策略顧問有限責任公司在第一季度收購了Plug Power的新股份,價值1,431,000美元。最後,Yaupon Capital Management LP在第一季度將其在Plug Power的持股增加了12.3%。Yaupon Capital Management LP現在持有這家電子產品製造商84,200股股票,價值2,409,000美元,此前在上個季度又購買了9,200股。機構投資者和對衝基金持有該公司52.07%的股票。
分析師升級和下調評級
幾家研究公司最近對Plug發表了評論。摩根大通週三在一份研究報告中將Plug Power的目標價從28.00美元上調至32.00美元,並給予該股“增持”評級。7月21日,週四,摩根士丹利在一份研究報告中將Plug Power的目標價從43.00美元下調至42.00美元,併為該公司設定了“增持”評級。Northland Securities在8月2日星期二的一份研究報告中開始報道Plug Power。他們為該公司設定了“市場表現”評級和25.00美元的目標價。KeyCorp週三在一份研究報告中將Plug Power的目標價從30.00美元上調至32.00美元,並給予該股“增持”評級。最後,克雷格·哈勒姆在5月10日星期二的一份報告中將Plug Power的目標價格從49.00美元下調至31.00美元。七位分析師對該股的評級為持有,十位分析師對該公司股票的評級為買入。根據MarketBeat.com的數據,Plug Power的平均評級為“中等買入”,平均目標價為32.62美元。關於插頭電源
(獲取評級)
Plug Power Inc.為北美和國際上的供應鏈和物流應用、道路電動汽車、固定電力市場和其他應用提供端到端清潔氫氣和零排放燃料電池解決方案。它致力於構建端到端的綠色氫氣生態系統,包括綠色氫氣的生產、儲存和交付,以及通過移動或固定應用產生能源。
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