Plug Power Rises as Investors Look Ahead to Earnings

Plug Power shares closed at $1.94, up 1.57% from the previous session, even as the S&P 500 fell 0.25%. The Dow also declined, while the Nasdaq rose 0.24%.

The move came against a weaker month for the stock. Plug Power shares lost 8.61% over the past month, while the Computer and Technology sector gained 4%.

Analysts’ consensus forecast for Plug Power’s upcoming quarter is a loss of $0.07 per share and revenue of $185.14 million. The revenue estimate is 4.57% above the year-earlier period.

For the full year, consensus estimates call for a loss of $0.41 per share and revenue of $817.52 million. Those figures represent forecast increases of 71.13% and 15.16%, respectively, from the prior year.

The consensus estimate for quarterly earnings per share has not changed over the past 30 days, according to Zacks. The estimates are forecasts, not reported results.