World news – Plug Power Inc. (NASDAQ: PLUG) is expected to generate quarterly sales of $ 77.33 million


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Wall Street brokers expect Plug Power Inc. (NASDAQ: PLUG) to be released this quarter, according to Zacks will have sales of $ 77.33 million. Four analysts have provided estimates for Plug Power’s earnings, with the highest revenue estimate being $ 82.80 million and the lowest being $ 73.82 million. In the same quarter of the previous year, Plug Power achieved sales of USD 91.66 million, which means a negative growth rate of 15.6% compared to the previous year. The company is expected to release its next results on Thursday, March 4th.

According to Zacks, analysts expect Plug Power to post total annual revenue of $ 294.24 million for the current fiscal year, with estimates between $ 289 million , $ 70 million and $ 298.60 million, respectively. For the next year, analysts expect the company to generate revenues of $ 414.19 million, with estimates ranging between $ 390.00 million and $ 434.27 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms covering Plug Power.

Plug Power (NASDAQ: PLUG) last released its results on Monday, November 9th. The electronics maker reported earnings per share (EPS) for the quarter of $ 0.11, missing the consensus estimate of $ 0.07 by $ 0.04. Plug Power had a negative net margin of 33.33% and a negative return on equity of 70.36%. The company posted revenue of $ 107.00 million for the quarter, compared to the consensus estimate of $ 105.76 million. For the same period last year, the company had earnings per share of $ 0.09. The company’s quarterly revenue increased 89.4% from the year-ago quarter. (adsbygoogle = window.adsbygoogle || []). push ({});

Recently, several stock analysts rated the PLUG share. Barclays raised its price target for Plug Power shares from USD 12.00 to USD 13.00 and gave the company an « equal weight » rating in a research note on Friday, September 25th. Canaccord Genuity raised its price target for Plug Power from $ 25.00 to $ 48.00 and rated the company a « Buy » in a research report on Thursday. Morgan Stanley raised its price target for Plug Power from $ 14.50 to $ 38.00 and rated the stock as overweight in a report on Monday, December 21st. They discovered that the move was a call for evaluation. Roth Capital raised its target price for Plug Power from USD 22.00 to USD 30.00 and gave the company a « Buy » rating in a research note on November 30th. Finally, on Wednesday, December 30th, BidaskClub downgraded Plug Power from a « Buy strong » rating to a « Buy » rating in a Research Note. One research analyst has rated the stock with a sell rating, two with a hold rating, and ten with a buy rating for the company’s stock. The company has an average rating of « Buy » and an average target price of $ 34.44.

Plug Power stock opened at $ 53.77 on Monday. Plug Power has a 1 year low of $ 2.53 and a 1 year high of $ 55.98. The company’s 50-day moving average price is $ 29.60 and the company’s 200-day moving average is $ 16.99. The company has a leverage ratio of 2.27, a current rate of 1.89, and a fast rate of 1.34. The stock has a market cap of $ 22.35 billion, a P / E of -173.45, and a beta of 1.31.

In related news, director George C. Mcnamee sold 10,000 shares of Plug Power in a transaction dated Wednesday, January 6th. The shares were sold at an average price of $ 35.00 for a total transaction of $ 350,000.00. Upon completion of the transaction, the director now directly owns 899,390 shares in the company valued at approximately $ 31,478,650. The transaction was announced in a filing with the SEC, which is available on the SEC website. In addition, director Jonathan M. Silver sold 76,286 shares in the company on Wednesday, October 14. The shares were sold at an average price of $ 17.39 for a total transaction of $ 1,326,613.54. Following the transaction, the director now owns 120,622 shares of the company valued at $ 2,097,616.58. The disclosure for this sale can be found here. In the most recent quarter, insiders sold 2,545,130 shares of the company for $ 63,182,129. Company insiders own 4.50% of the company’s stock.

Several major investors have recently changed their positions in the business. Creative Financial Designs Inc. ADV increased its stake in Plug Power by 22.5% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 10,720 shares of the electronics manufacturer valued at $ 364,000 after purchasing an additional 1,970 shares last quarter. Strs Ohio increased its stake in Plug Power by 283.6% in the third quarter. Strs Ohio now owns 46,800 shares of the electronics maker valued at $ 627,000 after purchasing an additional 34,600 shares during the period. Van ECK Associates Corp increased its stake in Plug Power by 13.5% in the third quarter. Van ECK Associates Corp now owns 285,278 shares in the electronics manufacturer valued at $ 3,826,000 after acquiring an additional 33,967 shares during the period. Brinker Capital Investments LLC bought a new position in Plug Power for $ 185,000 in the 3rd quarter. Eventually, Eudaimonia Partners LLC bought a new position in Plug Power shares valued at approximately $ 39,000 in the third quarter. Institutional investors and hedge funds own 44.56% of the company’s stock.

Plug Power Inc offers turnkey hydrogen fuel cell solutions for the electric mobility and stationary power markets in North America and Europe. The focus is on fuel cell and fuel processing technologies for proton exchange membranes (PEM), fuel cell / battery hybrid technologies and related infrastructure for storing and dispensing hydrogen.

This instant message alert was generated through narrative science technology and financial data from MarketBeat to identify the Allow readers the fastest, most accurate reporting. This story has been reviewed by the editorial staff of MarketBeat prior to publication. Please send questions or comments about this story to [email protected]

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