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(纳斯达克:Plug-Get Rating)周二发布了季度收益业绩。据Briefing.com报道,这家电子产品制造商公布的季度每股收益为0.30美元,低于普遍预期的0.20美元和0.10美元。Plug Power的净资产回报率为负11.78%,净利润率为负97.29%。该公司当季营收为1.513亿美元,高于分析师预期的1.6231亿美元。去年同期,该公司每股收益为0.18美元。与去年同期相比,Plug Power本季度的收入增长了21.5%。Plug Power更新了其2022财年每股收益指导。
插电电价表现
Plug Power的股票在周三的交易时段上涨了4.11美元,达到28.78美元。该股成交量为53,058,715股,而其平均成交量为21,983,889股。该公司的债务权益比为0.12,流动比率为11.44,速动比率为10.51。该股市值为166.4亿美元,市盈率为-29.47倍,贝塔系数为1.78。Plug Power的一年低点为12.70美元,一年高位为46.50美元。该股的50日移动均线切入位为18.32美元,200日移动均线切入位为21.12美元。
到达插头电源警报:插电式电力的制度性交易
最近,几家大型投资者买卖了Plug的股票。Neuberger Berman Group LLC在第一季度将其在Plug Power的股份增加了7.3%。纽伯格伯曼集团(Neuberger Berman Group LLC)现在持有这家电子产品制造商13,972股股票,价值40万美元,上个季度又收购了946股。今年第一季度,Gabelli Funds LLC将其在Plug Power的持股比例提高了26.5%。Gabelli Funds LLC现在持有这家电子产品制造商31,616股股票,价值90.5万美元,此前在上个季度又购买了6,616股。Walleye Capital LLC在第一季度收购了Plug Power的新股份,价值2,73.6万美元。Weiss多策略顾问有限责任公司在第一季度收购了Plug Power的新股份,价值1,431,000美元。最后,Yaupon Capital Management LP在第一季度将其在Plug Power的持股增加了12.3%。Yaupon Capital Management LP现在持有这家电子产品制造商84,200股股票,价值2,409,000美元,此前在上个季度又购买了9,200股。机构投资者和对冲基金持有该公司52.07%的股票。
分析师升级和下调评级
几家研究公司最近对Plug发表了评论。摩根大通周三在一份研究报告中将Plug Power的目标价从28.00美元上调至32.00美元,并给予该股“增持”评级。7月21日,周四,摩根士丹利在一份研究报告中将Plug Power的目标价从43.00美元下调至42.00美元,并为该公司设定了“增持”评级。Northland Securities在8月2日星期二的一份研究报告中开始报道Plug Power。他们为该公司设定了“市场表现”评级和25.00美元的目标价。KeyCorp周三在一份研究报告中将Plug Power的目标价从30.00美元上调至32.00美元,并给予该股“增持”评级。最后,克雷格·哈勒姆在5月10日星期二的一份报告中将Plug Power的目标价格从49.00美元下调至31.00美元。七位分析师对该股的评级为持有,十位分析师对该公司股票的评级为买入。根据MarketBeat.com的数据,Plug Power的平均评级为“中等买入”,平均目标价为32.62美元。关于插头电源
(获取评级)
Plug Power Inc.为北美和国际上的供应链和物流应用、道路电动汽车、固定电力市场和其他应用提供端到端清洁氢气和零排放燃料电池解决方案。它致力于构建端到端的绿色氢气生态系统,包括绿色氢气的生产、储存和交付,以及通过移动或固定应用产生能源。
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