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Plug Power (PLUG) Stock Drops Despite Market Gains: Important Facts to Note
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In the latest trading session, Plug Power (PLUG - Free Report) closed at $1.46, marking a -5.19% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.73% for the day. Meanwhile, the Dow experienced a rise of 0.18%, and the technology-dominated Nasdaq saw an increase of 1.21%.
Shares of the alternative energy company have appreciated by 8.45% over the course of the past month, outperforming the Computer and Technology sector's gain of 2.75%, and the S&P 500's gain of 0.47%.
Market participants will be closely following the financial results of Plug Power in its upcoming release. The company plans to announce its earnings on August 11, 2025. The company is predicted to post an EPS of -$0.15, indicating a 58.33% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $151.2 million, up 5.47% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.59 per share and revenue of $709.38 million. These totals would mark changes of +77.99% and +12.81%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Plug Power. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been a 0.21% rise in the Zacks Consensus EPS estimate. Plug Power is currently a Zacks Rank #3 (Hold).
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 154, positioning it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Plug Power (PLUG) Stock Drops Despite Market Gains: Important Facts to Note
In the latest trading session, Plug Power (PLUG - Free Report) closed at $1.46, marking a -5.19% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.73% for the day. Meanwhile, the Dow experienced a rise of 0.18%, and the technology-dominated Nasdaq saw an increase of 1.21%.
Shares of the alternative energy company have appreciated by 8.45% over the course of the past month, outperforming the Computer and Technology sector's gain of 2.75%, and the S&P 500's gain of 0.47%.
Market participants will be closely following the financial results of Plug Power in its upcoming release. The company plans to announce its earnings on August 11, 2025. The company is predicted to post an EPS of -$0.15, indicating a 58.33% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $151.2 million, up 5.47% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.59 per share and revenue of $709.38 million. These totals would mark changes of +77.99% and +12.81%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Plug Power. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been a 0.21% rise in the Zacks Consensus EPS estimate. Plug Power is currently a Zacks Rank #3 (Hold).
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 154, positioning it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.