Q1 2018 Earnings Estimate for Plug Power Inc (PLUG) Issued By B. Riley
Plug Power Inc (NASDAQ:PLUG) – Stock analysts at B. Riley dropped their Q1 2018 earnings per share estimates for shares of Plug Power in a research report issued to clients and investors on Thursday. B. Riley analyst C. Driscoll now forecasts that the electronics maker will post earnings per share of ($0.10) for the quarter, down from their previous estimate of ($0.09). B. Riley currently has a “Buy” rating on the stock. B. Riley also issued estimates for Plug Power’s FY2018 earnings at ($0.29) EPS and FY2019 earnings at ($0.17) EPS.
Plug Power (NASDAQ:PLUG) last announced its quarterly earnings data on Wednesday, March 7th. The electronics maker reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $31.03 million. During the same period last year, the company posted ($0.08) EPS. Plug Power’s revenue for the quarter was up 3.4% on a year-over-year basis.
Shares of Plug Power (NASDAQ:PLUG) opened at $1.97 on Monday. Plug Power has a 12 month low of $0.96 and a 12 month high of $3.21. The stock has a market cap of $450.12, a price-to-earnings ratio of -3.34 and a beta of 1.58. The company has a quick ratio of 0.86, a current ratio of 1.29 and a debt-to-equity ratio of 0.62.
A number of hedge funds and other institutional investors have recently modified their holdings of PLUG. MetLife Investment Advisors LLC bought a new position in Plug Power in the 4th quarter worth $127,000. Teacher Retirement System of Texas raised its holdings in Plug Power by 315.6% in the 4th quarter. Teacher Retirement System of Texas now owns 75,409 shares of the electronics maker’s stock worth $178,000 after purchasing an additional 57,263 shares in the last quarter. Voya Investment Management LLC raised its holdings in Plug Power by 23.2% in the 2nd quarter. Voya Investment Management LLC now owns 105,772 shares of the electronics maker’s stock worth $216,000 after purchasing an additional 19,904 shares in the last quarter. Nationwide Fund Advisors raised its holdings in Plug Power by 8.4% in the 2nd quarter. Nationwide Fund Advisors now owns 127,090 shares of the electronics maker’s stock worth $259,000 after purchasing an additional 9,865 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its holdings in Plug Power by 33.7% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 105,167 shares of the electronics maker’s stock worth $274,000 after purchasing an additional 26,530 shares in the last quarter. Institutional investors and hedge funds own 26.83% of the company’s stock.
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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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