B. Riley Comments on Plug Power Inc’s Q1 2019 Earnings (PLUG)
Plug Power Inc (NASDAQ:PLUG) – Equities researchers at B. Riley issued their Q1 2019 EPS estimates for Plug Power in a research report issued to clients and investors on Thursday. B. Riley analyst C. Driscoll expects that the electronics maker will earn ($0.08) per share for the quarter. B. Riley has a “Buy” rating on the stock. B. Riley also issued estimates for Plug Power’s Q2 2019 earnings at ($0.05) EPS, Q3 2019 earnings at ($0.02) EPS and Q4 2019 earnings at ($0.02) EPS.
Plug Power (NASDAQ:PLUG) last issued its quarterly earnings results on Wednesday, March 7th. The electronics maker reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). Plug Power had a negative net margin of 96.94% and a negative return on equity of 91.39%. The business had revenue of $33.70 million for the quarter, compared to the consensus estimate of $31.03 million. During the same quarter in the previous year, the business earned ($0.08) earnings per share. The firm’s revenue was up 3.4% on a year-over-year basis.
Plug Power (NASDAQ PLUG) opened at $1.94 on Friday. Plug Power has a 52-week low of $0.95 and a 52-week high of $3.21. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.86 and a current ratio of 1.29. The company has a market cap of $454.99, a P/E ratio of -3.29 and a beta of 1.58.
Large investors have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC purchased a new stake in shares of Plug Power during the fourth quarter valued at approximately $127,000. Teacher Retirement System of Texas boosted its stake in shares of Plug Power by 315.6% during the fourth quarter. Teacher Retirement System of Texas now owns 75,409 shares of the electronics maker’s stock valued at $178,000 after purchasing an additional 57,263 shares during the period. Voya Investment Management LLC boosted its stake in shares of Plug Power by 23.2% during the second quarter. Voya Investment Management LLC now owns 105,772 shares of the electronics maker’s stock valued at $216,000 after purchasing an additional 19,904 shares during the period. Nationwide Fund Advisors lifted its stake in Plug Power by 8.4% in the second quarter. Nationwide Fund Advisors now owns 127,090 shares of the electronics maker’s stock worth $259,000 after acquiring an additional 9,865 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted its stake in Plug Power by 33.7% in the third quarter. State Board of Administration of Florida Retirement System now owns 105,167 shares of the electronics maker’s stock worth $274,000 after acquiring an additional 26,530 shares during the period. 26.83% of the stock is owned by hedge funds and other institutional investors.
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About Plug Power
Plug Power Inc is a provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used for the industrial off-road market and the stationary power market. The Company’s product line includes GenKey, GenDrive, GenFuel, GenCare and ReliOn.
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