share_log
Download
Download by
Scanning QR Code
  • Download app

    Download app

  • Online Inquiry

    Log in to access Online Inquiry
+
Congratulations
You've successfully got advanced quotes worth 5000 HKD
Download APP >>

Plug Power (NASDAQ:PLUG) Releases Quarterly Earnings Results, Misses Expectations By $0.10 EPS

kopsource ·  08/11 06:31

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.

Featured Articles

  • Get a free copy of the StockNews.com research report on Plug Power (PLUG)
  • The How And Why of Investing in Oil Stocks
  • The How and Why of Investing in Gold Stocks
  • A Rounded Bottom In Draftkings, Inc Begins To Reverse Course
  • Workhorse Group Is Ready To Get Back On The Horse
  • Are 3M, Honeywell, GE Buys After Quarterly Reports?

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.

Risk disclosure: The above content only represents the opinion of the authors or guests, and does not represent any positions of Futu or constitute any investment advice on the part of Futu. Before making any investment decision, investors should consider the risk factors related to investment products based on their own circumstances and consult professional investment advisers where necessary. Futu makes every effort to verify the authenticity, accuracy, and originality of the above content, but does not make any guarantees or promises.