Plug Power stock closes at $0.84, down 1.01%, underperforming market gains

From Nasdaq: 2025-05-02 17:45:00

Plug Power (PLUG) stock closed at $0.84, down 1.01% from the previous day. In contrast, the S&P 500 gained 1.47%, the Dow 1.39%, and Nasdaq 1.51%. PLUG saw a 29.61% drop in the past month, underperforming the sector and overall market losses.

Investors await Plug Power’s earnings report, with projected EPS of -$0.19, up 55.81% from last year. Revenue is estimated at $132.12 million, a 9.86% increase. Full-year forecasts predict earnings of -$0.62 per share and revenue of $710.16 million, showing positive growth.

Analyst estimate revisions impact stock prices. Positive changes reflect optimism. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), shows Plug Power currently at #3 (Hold). The system has historically outperformed, with stocks rated #1 producing an average annual return of +25%.

The Manufacturing – Electronics industry, part of the Industrial Products sector, has a Zacks Industry Rank of 44, placing it in the top 18% of industries. Industries in the top 50% typically outperform. Stay updated on stock-shifting metrics through Zacks.com for upcoming trading sessions.

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Read more at Nasdaq: Plug Power (PLUG) Stock Drops Despite Market Gains: Important Facts to Note