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Plug Power Slips 2.9% as Upcoming Results Draw Attention
Shares fell as major indexes rose, while Zacks consensus forecasts point to a quarterly loss and higher revenue.
Key takeaways
- Plug Power closed at $1.68, down 2.89%, as the S&P 500 gained 0.6%.
- Zacks consensus estimates a quarterly loss of $0.07 per share and revenue of $185.14 million.
Plug Power closed at $1.68, down 2.89% from the previous close, while the S&P 500 gained 0.6%. As of 20:00 UTC Friday, the shares were at that same price.
The Dow rose 0.83% and the Nasdaq added 0.64%. In the month leading up to the session, Plug Power shares had lost 18.01%, according to the article.
Ahead of the company’s upcoming earnings release, Zacks consensus estimates call for a loss of $0.07 per share and revenue of $185.14 million. The estimates represent year-over-year earnings growth of 41.67% and revenue growth of 4.57%, Zacks said.
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Further reading
This article was produced with the help of AI technology. Source: Yahoo Finance
