Plug Power “is evaluating several financing options with counterparties, including but not limited to, the Loan Program, strategic project investment partners, and corporate debt facilities,” the company added in its shareholder letter.ĭespite steep losses, executives say the company “has clear short-term goals to improve profitability in the second half of 2023 and position additional cost down initiatives through 2024 as we significantly ramp sales volumes. A playback of the call will be available online for a period of time following the call. This suggests that analysts have very recently bumped up their estimates for PLUG, giving the stock a Zacks Earnings ESP of +15.10 heading into earnings season. ![]() ![]() The stock dropped nearly 6% in Wednesday’s after-hours action. Toll-free: 87 or +1 20 Direct webcast: The webcast can also be accessed directly from the Plug homepage ( ). Estimated Reported Quarterly Earnings Surprise Amount Yearly Earnings Forecast Quarterly Earnings Forecast Change in Consensus Number of Estimates Changed Back to PLUG Overview The. See also: Plug Power wins part in $21.8 million European grant Executives expect to see electrolyzer revenue “substantially” rise during the second half of the year.ĭespite the revenue beat, however, Jefferies analyst Sam Burwell noted that the company’s negative gross margin of 30% was below his own 14% assumption and the 9% that he said was implied by consensus expectations. Plug Power (PLUG), 118 earnings chart, 120f PMCS straddle, 80 Portfolio, hedging, 72 Positive encouragement, 89 Positive thoughts, concentration, 216217. ![]() “Expansion with pedestal customers in material handling and significant growth in cryogenics and liquefaction helped drive revenue growth in the quarter,” the company said in a release. Earnings for Plug Power are expected to grow in the coming year, from (1.26) to (0.61) per share. Net revenue increased to $260.2 million from $151.3 million, while analysts had been looking for $237.7 million.
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