Plug Power Stock Falls Nearly 2% Despite Smaller Market Drops, Investors Eye Upcoming Earnings

Plug Power stock (PLUG) fell 1.99% despite smaller drops in broader market indexes like the S&P 500.

PLUG stock is down 22.72% over the past month, underperforming its sector and the S&P 500.

Plug Power's upcoming earnings release will be closely watched. Estimates call for a decline in EPS but a significant 73.99% jump in revenue.

Investors should watch for analyst estimate revisions as positive changes often precede PLUG stock price increases.

Plug Power currently holds a Zacks Rank #3 (Hold). The Manufacturing – Electronics industry ranks in the bottom 38% of Zacks Industries.