Plug Power Q3 Earnings Preview: Betting Big On Green Hydrogen Economy
Portfolio Pulse from Surbhi Jain
Plug Power Inc (NASDAQ:PLUG) is set to report its Q3 earnings, with expectations of a negative 30 cents in EPS and $237.92 million in revenue. The company is a key player in the Biden administration’s $7 billion federal grant program for clean hydrogen hubs. However, the company's stock has been downgraded by several analysts, and its stock price has fallen by about 60% over the past year.
November 09, 2023 | 2:50 pm
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NEGATIVE IMPACT
Plug Power's Q3 earnings report is expected to show a negative EPS, and the company's stock has been downgraded by several analysts. The stock price has fallen by about 60% over the past year.
The expected negative EPS for Q3, coupled with the recent downgrades by analysts, could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Tesla is mentioned in the context of the time it took for the stock to take off, drawing a parallel with the potential long-term growth of Plug Power.
Tesla is mentioned passively in the article, drawing a parallel with the potential long-term growth of Plug Power. This is unlikely to have a significant impact on Tesla's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 30
RELEVANCE 20