Posted 2/26/2024, 10:45:16 PM
Plug Power Stock Outperforms Market Despite Recent Struggles
- Plug Power (PLUG) stock rose 1% despite market losses, outperforming the S&P 500, Dow, and Nasdaq
- PLUG shares have fallen 11.47% over the past month, underperforming its sector and the S&P 500
- PLUG is expected to report 50% drop in EPS to -$0.57 on 8.45% revenue decline to $202.08M in upcoming Q4 earnings
- Zacks Rank methodology uses estimate changes to determine stock ratings; PLUG recently saw negative estimate change
- PLUG stock has Zacks Rank #3 (Hold) in Manufacturing – Electronics industry group ranked in top 20% out of 250+ industries