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Plug Energy (NASDAQ:PLUG) is scheduled to announce This autumn earnings outcomes on Tuesday, March 1st, after market shut.
The consensus EPS Estimate is -$0.11 (+90.2% Y/Y) and the consensus Income Estimate is $157.79M (vs. -$316M in Q420).
Over the past 1 yr, PLUG has crushed EPS estimates 25% of the time and has crushed income estimates 75% of the time.
Over the past 3 months, EPS estimates have seen 0 upward revisions and three downward. Income estimates have seen 0 upward revisions and 4 downward.
Plug Energy posted a bigger than anticipated Q3 loss together with its highest ever quarterly income complete, which nonetheless got here in barely beneath analyst estimates. It shipped 4,559 GenDrive items and had income related to 16 hydrogen infrastructure programs throughout the quarter.
The corporate mentioned on the time gross margins stay underneath strain from a number of elements together with elevated prices for freight, supplies and labor associated to issues within the world provide chain. It expects to cut back its companies prices on a per-unit foundation by 30% within the subsequent 12 months and by 45% by year-end 2023.
Contemporary 2022 income steerage launched in January information to $900M-925M in income (vs SA consensus of $909.13M).
Susquehanna opened protection of Plug Energy on a optimistic notice, inspired by “Plug’s means to supply built-in end-to-end inexperienced hydrogen options”, which it expects “will put it in a positive place to generate double-digit annual top-line development over the following decade.”
Nonetheless, Truist slashed its value goal on Plug Energy and a number of other photo voltaic shares, citing U.S. coverage uncertainty and a shift in investor danger premiums for all alt power names within the present rate of interest atmosphere.
Morgan Stanley has lately reiterated its Obese ranking, suggesting “no elementary causes for concern” regardless of a sustained decline from $44.55 at shut on November 19 to $18.76 at shut on January 28. Shares have since rallied previous the $20 mark.
Throughout the quarter, Plug Energy signed a take care of South Korea-based Edison Motors to develop and market a hydrogen gas cell-powered electrical metropolis bus and a long-term provide and logistics settlement to scale up inexperienced hydrogen provide in North America.
Extra lately, the agency bought Joule Processing, an engineered tools supplier, and introduced a collaboration settlement with Atlas Copco and Fives to collectively develop hydrogen liquefaction crops.
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