Plug Power, Inc. (NASDAQ:PLUG) most recently reported quarterly actual earnings per share of $-0.04 for the period ending on 2016-06-30. Prior to the company reporting, consensus estimates based on data from Zacks Research projected the company to report EPS of $-0.06. The difference between the estimate and the actual EPS was $0.02 creating a surprise factor of 33.33%. Currently, the company has an impact score of 0. The likelihood that the stock will move on news is greater with a higher impact score. According to Beta Research, the stock has a sentiment score of -0.059. On a scale between 1 and -1, a positive score tends to portray a favorable view of company results by news outlets. The opposite is true for a negative sentiment score.
In taking a look at where the stock might be headed, analysts have a consensus price target of $2.7 on the shares. The most bullish brokerage firm has a $3 target, while the most bearish sees the stock headed towards $2. This is according to the 5 estimates taken into consideration by Zacks Research.
In terms of Buy/Sell recommendations, analysts have a consensus rating of 1.8. This is according to a simplified scale where 1 represents a Strong Buy and 5 a Strong Sell recommendation. There were 5 recommendations taking into account in order to arrive at this number. Of the 5, 3 have a Strong Buy rating and 0 are rating it a Buy.
Plug Power Inc. (Plug Power), is a provider of alternative energy technology focused on the design, development, commercialization and manufacture of fuel cell systems for the industrial off-road (forklift or material handling) market. The Company is focused on proton exchange membrane( PEM), fuel cell and fuel processing technologies and fuel cell/battery hybrid technologies, from which multiple products are available. The Company is focused on A fuel cell is an electrochemical device that combines hydrogen and oxygen to produce electricity and heat without combustion. Hydrogen is derived from hydrocarbon fuels such as liquid petroleum gas, or LPG, natural gas, propane, methanol, ethanol, gasoline or biofuels. Hydrogen can also be obtained from the electrolysis of water. Hydrogen can be purchased directly from industrial gas providers or can be produced on-site at consumer locations. In May 2013, Air Liquide SA acquired a 14% stake in Plug Power Inc.
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