Posted 1/25/2024, 10:45:17 PM
Plug Power Stock Slides 27% in a Month Despite Upcoming Earnings Growth
- Plug Power (PLUG) stock declined 1.87% while broader markets improved
- PLUG stock has dropped 26.22% over the past month, underperforming the S&P 500
- Analysts estimate PLUG's upcoming EPS to be -$0.35, a 7.89% improvement year-over-year
- Revenue for the upcoming quarter is projected to increase 74.2% to $384.53 million
- Zacks Rank system rates PLUG stock as a #3 (Hold) based on positive estimate revisions