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

0
17

Log in to MarketBeat All Access to get access to all of MarketBeat’s research:

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]

A situation is developing in the US that will increase sales and profits for the transportation industry for many years to come. It started to develop with the pandemic, started growing when the recession was less than expected, and was later exacerbated by an economic recovery that was much stronger than expected.

When the pandemic broke out and the lockdown took effect, manufacturers closed their plants and supply chains dried up. When Congress sent out the stimulus checks, it sparked a round of consumer spending that saw products being wiped off the shelves. With cross-industry inventory levels reported to have been in the high single digits to low double digits year over year, there is now a need for 1) manufacturing to meet demand and rebuild inventory, and 2) transportation / shipping that is by the day grows to day.

We have compiled a list of 7 transport stocks that cannot be ignored.

Fill out the form below to receive the latest headlines and analyst recommendations for your stocks with our free daily email newsletter:

Sign up to MarketBeat All Access to access the full Get Research From MarketBeat:

View the latest news, buy / sell ratings, SEC filings, and insider deals for your stocks. Compare your portfolio performance against leading indices and get personalized stock ideas based on your portfolio.

Get stock ideas daily with the best Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. See what stocks are up to date on social media with MarketBeat’s Trending Stock Report.

Identify stocks that match your criteria with seven unique stock screeners. See what’s happening in the market with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.

Looking for new ideas for stocks? Would you like to see which stocks are moving? View our full range of financial calendars and market data tables for free.

Receive free world class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

MarketBeat enables individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, company buybacks, dividends, earnings, business reports, financial data, insider trading, IPOs, SEC filings, or stock splits, MarketBeat has the objective information you need to analyze stocks. Learn more.

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St # 105, Sioux Falls, SD 57103 | [Email protected] | (844) 978-6257
MarketBeat does not provide financial advice or make recommendations or offers to buy stocks or sell any securities. Learn more.
Don’t sell my information

© 2021 The market data provided will be delayed by at least 10 minutes and hosted by Barchart Solutions. Basic corporate data from Morningstar and Zacks Investment Research. The information is provided « as is » and for informational purposes only, not for commercial or advisory purposes, and is delayed. Please see the disclaimer for all delays and terms of use for exchanges.

Enter your email address below to receive a quick daily summary of upgrades, downgrades and new coverage from Analysts with MarketBeat.com’s FREE daily email newsletter.

Ref: https://www.marketbeat.com

QU’EN PENSEZ-VOUS?

Donnez votre point de vue et aboonez-vous!

[gs-fb-comments]

Votre point de vue compte, donnez votre avis

[maxbutton id= »1″]