Investors Heavily Search Plug Power, Inc. (PLUG): Here is What You Need to Know

04.04.24 15:00 Uhr

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Plug Power (PLUG) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this alternative energy company have returned -19.7% over the past month versus the Zacks S&P 500 composite's +1.6% change. The Zacks Manufacturing - Electronics industry, to which Plug Power belongs, has gained 6.5% over this period. Now the key question is: Where could the stock be headed in the near term?While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.Earnings Estimate RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.Plug Power is expected to post a loss of $0.32 per share for the current quarter, representing a year-over-year change of +8.6%. Over the last 30 days, the Zacks Consensus Estimate has changed +2.7%.The consensus earnings estimate of -$0.94 for the current fiscal year indicates a year-over-year change of +59.1%. This estimate has changed +3.2% over the last 30 days.For the next fiscal year, the consensus earnings estimate of -$0.48 indicates a change of +48.9% from what Plug Power is expected to report a year ago. Over the past month, the estimate has changed -6.7%.With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Plug Power.The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:12 Month EPSProjected Revenue GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.For Plug Power, the consensus sales estimate for the current quarter of $173.97 million indicates a year-over-year change of -17.3%. For the current and next fiscal years, $1.02 billion and $1.52 billion estimates indicate +14.7% and +48.6% changes, respectively.Last Reported Results and Surprise HistoryPlug Power reported revenues of $222.16 million in the last reported quarter, representing a year-over-year change of +0.6%. EPS of -$1.07 for the same period compares with -$0.38 a year ago.Compared to the Zacks Consensus Estimate of $202.57 million, the reported revenues represent a surprise of +9.67%. The EPS surprise was -91.07%.The company could not beat consensus EPS estimates in any of the last four quarters. The company topped consensus revenue estimates three times over this period.ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.Plug Power is graded F on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Plug Power. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.4 Oil Stocks with Massive UpsidesGlobal demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold." Zacks Investment Research has just released an urgent special report to help you bank on this trend. In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations. Download your free report now to see them.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Plug Power, Inc. (PLUG): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks

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Nachrichten zu Plug Power Inc.

Analysen zu Plug Power Inc.

DatumRatingAnalyst
14.03.2019Plug Power BuyB. Riley FBR
23.08.2018Plug Power OutperformOppenheimer & Co. Inc.
25.07.2017Plug Power OutperformFBR & Co.
06.04.2017Plug Power OutperformFBR & Co.
06.04.2017Plug Power BuyRodman & Renshaw, LLC
DatumRatingAnalyst
14.03.2019Plug Power BuyB. Riley FBR
23.08.2018Plug Power OutperformOppenheimer & Co. Inc.
25.07.2017Plug Power OutperformFBR & Co.
06.04.2017Plug Power OutperformFBR & Co.
06.04.2017Plug Power BuyRodman & Renshaw, LLC
DatumRatingAnalyst
18.03.2015Plug Power NeutralROTH Capital Partners, LLC
13.11.2014Plug Power NeutralROTH Capital Partners, LLC
28.07.2006Plug Power DowngradeThomas Weisel Partners
01.07.2005Plug Power ErsteinschätzungPacific Growth Equities
30.06.2005Update Plug Power Inc.: Equal WeightPacific Growth Equities
DatumRatingAnalyst
27.02.2009Plug Power neues KurszielRBC Capital Markets
03.12.2007Plug Power ErsteinschätzungJP Morgan Chase & Co.

Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für Plug Power Inc. nach folgenden Kriterien zu filtern.

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Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"
Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"