Plug Power (NASDAQ:PLUG) issued its quarterly earnings data on Thursday. The electronics maker reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.03), MarketWatch Earnings reports. Plug Power had a negative net margin of 85.89% and a negative return on equity of 87.73%. The firm had revenue of $39.93 million during the quarter, compared to analyst estimates of $40.52 million. During the same period in the prior year, the company earned ($0.10) earnings per share. The business’s quarterly revenue was up 76.7% compared to the same quarter last year.
Shares of NASDAQ:PLUG remained flat at $$1.91 during trading on Friday. The stock had a trading volume of 3,089,396 shares, compared to its average volume of 2,303,314. The company has a market cap of $432.83 million, a P/E ratio of -3.18 and a beta of 1.09. The company has a current ratio of 1.28, a quick ratio of 0.87 and a debt-to-equity ratio of 2.15. Plug Power has a 1 year low of $1.53 and a 1 year high of $3.21.
A number of research firms have recently weighed in on PLUG. BidaskClub upgraded Plug Power from a “hold” rating to a “buy” rating in a research report on Saturday, July 14th. ValuEngine upgraded Plug Power from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. B. Riley set a $4.00 target price on Plug Power and gave the company a “buy” rating in a research report on Thursday, May 10th. HC Wainwright set a $4.00 target price on Plug Power and gave the company a “buy” rating in a research report on Thursday, May 10th. Finally, Zacks Investment Research downgraded Plug Power from a “buy” rating to a “hold” rating in a research report on Thursday, May 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $3.67.
Plug Power Inc, an alternative energy technology provider, engages in the design, development, commercialization, and manufacture 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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