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QQQ   435.61 (+2.35%)
AAPL   182.97 (+0.36%)
MSFT   411.27 (+2.26%)
META   485.56 (+3.75%)
GOOGL   144.23 (+1.18%)
AMZN   172.54 (+2.34%)
TSLA   193.06 (-0.88%)
NVDA   777.30 (+15.20%)
NIO   5.74 (-3.85%)
AMD   180.03 (+9.58%)
BABA   75.54 (-0.05%)
T   16.62 (-2.24%)
F   12.21 (+0.58%)
MU   85.42 (+4.82%)
CGC   3.44 (+0.00%)
GE   151.22 (+1.44%)
DIS   108.01 (+0.32%)
AMC   4.54 (-0.66%)
PFE   27.23 (-1.59%)
PYPL   57.59 (+0.19%)
XOM   104.44 (-0.39%)
S&P 500   5,062.56 (+1.62%)
DOW   38,883.30 (+0.70%)
QQQ   435.61 (+2.35%)
AAPL   182.97 (+0.36%)
MSFT   411.27 (+2.26%)
META   485.56 (+3.75%)
GOOGL   144.23 (+1.18%)
AMZN   172.54 (+2.34%)
TSLA   193.06 (-0.88%)
NVDA   777.30 (+15.20%)
NIO   5.74 (-3.85%)
AMD   180.03 (+9.58%)
BABA   75.54 (-0.05%)
T   16.62 (-2.24%)
F   12.21 (+0.58%)
MU   85.42 (+4.82%)
CGC   3.44 (+0.00%)
GE   151.22 (+1.44%)
DIS   108.01 (+0.32%)
AMC   4.54 (-0.66%)
PFE   27.23 (-1.59%)
PYPL   57.59 (+0.19%)
XOM   104.44 (-0.39%)
S&P 500   5,062.56 (+1.62%)
DOW   38,883.30 (+0.70%)
QQQ   435.61 (+2.35%)
AAPL   182.97 (+0.36%)
MSFT   411.27 (+2.26%)
META   485.56 (+3.75%)
GOOGL   144.23 (+1.18%)
AMZN   172.54 (+2.34%)
TSLA   193.06 (-0.88%)
NVDA   777.30 (+15.20%)
NIO   5.74 (-3.85%)
AMD   180.03 (+9.58%)
BABA   75.54 (-0.05%)
T   16.62 (-2.24%)
F   12.21 (+0.58%)
MU   85.42 (+4.82%)
CGC   3.44 (+0.00%)
GE   151.22 (+1.44%)
DIS   108.01 (+0.32%)
AMC   4.54 (-0.66%)
PFE   27.23 (-1.59%)
PYPL   57.59 (+0.19%)
XOM   104.44 (-0.39%)

Seaport Res Ptn Comments on Plug Power Inc.'s FY2023 Earnings (NASDAQ:PLUG)

Plug Power Inc. (NASDAQ:PLUG - Free Report) - Equities researchers at Seaport Res Ptn decreased their FY2023 earnings per share (EPS) estimates for shares of Plug Power in a note issued to investors on Tuesday, February 6th. Seaport Res Ptn analyst T. Curran now anticipates that the electronics maker will earn ($1.70) per share for the year, down from their previous estimate of ($1.26). Seaport Res Ptn currently has a "Neutral" rating on the stock. The consensus estimate for Plug Power's current full-year earnings is ($1.69) per share. Seaport Res Ptn also issued estimates for Plug Power's Q4 2023 earnings at ($0.48) EPS, Q1 2024 earnings at ($0.28) EPS, Q2 2024 earnings at ($0.25) EPS, Q3 2024 earnings at ($0.22) EPS, Q4 2024 earnings at ($0.18) EPS and FY2024 earnings at ($0.93) EPS.

Several other research firms also recently issued reports on PLUG. Wells Fargo & Company reduced their price objective on Plug Power from $7.00 to $4.00 and set an "equal weight" rating on the stock in a report on Tuesday, November 14th. JPMorgan Chase & Co. downgraded Plug Power from an "overweight" rating to a "neutral" rating and cut their price target for the company from $10.00 to $6.00 in a research note on Friday, November 10th. BMO Capital Markets cut shares of Plug Power from a "market perform" rating to an "underperform" rating and lowered their price objective for the company from $3.50 to $2.50 in a research report on Wednesday, January 24th. Jefferies Financial Group restated a "hold" rating and set a $6.00 price objective on shares of Plug Power in a research note on Friday, November 10th. Finally, Wolfe Research downgraded shares of Plug Power from an "outperform" rating to a "peer perform" rating in a research note on Monday, November 13th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Plug Power has an average rating of "Hold" and a consensus price target of $7.63.


Get Our Latest Analysis on Plug Power

Plug Power Stock Down 6.0 %

NASDAQ:PLUG opened at $4.22 on Thursday. The stock's fifty day moving average price is $4.08 and its two-hundred day moving average price is $6.34. Plug Power has a 52-week low of $2.26 and a 52-week high of $16.81. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.31 and a current ratio of 2.41. The company has a market cap of $2.56 billion, a price-to-earnings ratio of -2.64 and a beta of 1.67.

Plug Power (NASDAQ:PLUG - Get Free Report) last posted its quarterly earnings data on Thursday, November 9th. The electronics maker reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($0.15). Plug Power had a negative return on equity of 24.18% and a negative net margin of 106.74%. The firm had revenue of $198.71 million for the quarter, compared to analyst estimates of $219.57 million. During the same period in the prior year, the company posted ($0.30) EPS. The firm's quarterly revenue was up 5.4% compared to the same quarter last year.

Institutional Trading of Plug Power

Institutional investors and hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its position in Plug Power by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,374,782 shares of the electronics maker's stock worth $15,187,000 after purchasing an additional 102,095 shares during the period. M&T Bank Corp raised its position in Plug Power by 26.9% in the 4th quarter. M&T Bank Corp now owns 50,053 shares of the electronics maker's stock worth $225,000 after purchasing an additional 10,618 shares during the period. Victory Capital Management Inc. raised its position in Plug Power by 23.5% in the 4th quarter. Victory Capital Management Inc. now owns 72,715 shares of the electronics maker's stock worth $327,000 after purchasing an additional 13,838 shares during the period. Kestra Private Wealth Services LLC raised its position in Plug Power by 48.0% in the 4th quarter. Kestra Private Wealth Services LLC now owns 17,505 shares of the electronics maker's stock worth $79,000 after purchasing an additional 5,680 shares during the period. Finally, Van ECK Associates Corp raised its position in Plug Power by 50.2% in the 4th quarter. Van ECK Associates Corp now owns 2,684,356 shares of the electronics maker's stock worth $12,080,000 after purchasing an additional 897,431 shares during the period. Hedge funds and other institutional investors own 49.99% of the company's stock.

About Plug Power

(Get Free Report)

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 liquid green hydrogen production, storage and handling, transportation, and dispensing infrastructure.

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Earnings History and Estimates for Plug Power (NASDAQ:PLUG)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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