Brokerages predict that Plug Power Inc (NASDAQ:PLUG) will post sales of $57.44 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Plug Power’s earnings, with the highest sales estimate coming in at $59.60 million and the lowest estimate coming in at $54.19 million. Plug Power reported sales of $57.07 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 0.6%. The company is expected to issue its next earnings results on Tuesday, August 4th.
On average, analysts expect that Plug Power will report full-year sales of $279.10 million for the current year, with estimates ranging from $264.79 million to $286.72 million. For the next financial year, analysts anticipate that the business will report sales of $372.62 million, with estimates ranging from $340.00 million to $397.51 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Plug Power.
Plug Power (NASDAQ:PLUG) last released its quarterly earnings data on Thursday, May 7th. The electronics maker reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.02). The business had revenue of $40.81 million during the quarter, compared to analysts’ expectations of $33.17 million. Plug Power had a negative net margin of 38.85% and a negative return on equity of 169.08%.
In other news, Director Fivet Capital Holding Ag sold 398,950 shares of the company’s stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $4.33, for a total transaction of $1,727,453.50. Following the completion of the sale, the director now owns 210,115 shares of the company’s stock, valued at $909,797.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Gerard L. Conway, Jr. sold 35,776 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $5.00, for a total transaction of $178,880.00. Following the sale, the senior vice president now directly owns 10,519 shares of the company’s stock, valued at approximately $52,595. The disclosure for this sale can be found here. Insiders have sold 2,845,708 shares of company stock valued at $16,652,960 over the last 90 days. 4.50% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new stake in shares of Plug Power during the fourth quarter worth $25,000. Advisors Asset Management Inc. grew its holdings in shares of Plug Power by 443.5% in the fourth quarter. Advisors Asset Management Inc. now owns 9,755 shares of the electronics maker’s stock valued at $31,000 after purchasing an additional 7,960 shares during the period. Citizens Financial Group Inc RI purchased a new stake in shares of Plug Power in the fourth quarter valued at about $35,000. Balyasny Asset Management LLC purchased a new stake in shares of Plug Power in the first quarter valued at about $38,000. Finally, M&T Bank Corp purchased a new stake in shares of Plug Power in the first quarter valued at about $43,000. 43.76% of the stock is owned by institutional investors and hedge funds.
Shares of PLUG traded down $0.52 during trading hours on Friday, hitting $6.83. The stock had a trading volume of 26,510,001 shares, compared to its average volume of 23,449,060. The company has a debt-to-equity ratio of 4.25, a quick ratio of 1.21 and a current ratio of 1.83. The firm has a 50-day moving average price of $4.77 and a 200 day moving average price of $4.11. Plug Power has a fifty-two week low of $1.88 and a fifty-two week high of $7.81. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of -18.97 and a beta of 1.19.
Plug Power Company Profile
Plug Power Inc, an alternative energy technology provider, engages in the design, development, manufacture, and commercialization of hydrogen and fuel cell systems for the material handling and stationary power markets primarily in North America and Europe. It focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and related hydrogen storage and dispensing infrastructure.
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