Plug Power, Inc. (NASDAQ:PLUG) is expected to report third quarter earnings results, before market open, on Monday 9th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.07 per share.
Looking ahead, the full year loss are expected at $ 0.28 per share on the revenues of $ 315.19 million.
Previous Quarter Performance
Plug Power, Inc. outlined loss for the second quarter of $ 0.07 per share, from the revenue of $ 68.07 million. The consensus estimates are loss of $ 0.10 per share from $ 59.47 million in revenue. The bottom line results beat street analysts by $ 0.03 or 30.00 percent, at the same time, top line results outshined analysts by $ 8.60 million or 14.46 percent.
Stock Performance
On Friday, shares of Plug Power, Inc. has traded high as $ 19.10 and has cracked $ 17.76 on the downward trend, reaching $ 18.86 with volume of 31.74 million shares.
According to the previous trading day, closing price of $ 18.86, representing a 644.66 % increase from the 52 week low of $ 2.53 and a 1.36 % decrease over the 52 week high of $ 19.10.
The company has a market capital of $ 7.58 billion and is part of the Technology sector and Electronic Components industry.
Recent Analyst recommendations
- On 28th September 2020, upgraded by Morgan Stanley to Overweight from Equal-Weight rating.
- On 18th September 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 10.25 target price.
Conference Call
Plug Power, Inc. will be hosting a conference call at 10:00 AM eastern time on 9th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.plugpower.com
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. The company offers GenDrive, a hydrogen fueled PEM fuel cell system that provides power to material handling electric vehicles; GenFuel, a hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing maintenance and service program for GenDrive fuel cells, GenSure products, GenFuel products, and ProGen engines; and GenSure, a stationary fuel cell solution that provides modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors.
