Trading Strategies For Plug Power Before And After Q3 Earnings
Portfolio Pulse from Melanie Schaffer
Plug Power, Inc (NASDAQ:PLUG) is set to release its Q3 earnings after the markets close on Thursday. The company reported a loss of 40 cents per share in Q2, missing the consensus estimate of a loss of 26 cents per share. However, it beat on revenues, posting $260.18 million. For Q3, analysts estimate a loss of 30 cents per share on revenues of $237.92 million. The stock's performance is neutral heading into the event, and traders and investors will be watching for positive guidance and forecasted growth for Q4.
November 09, 2023 | 8:04 pm
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Plug Power is set to release its Q3 earnings. The stock's performance is neutral heading into the event, and its future direction will depend on the earnings results and Q4 guidance.
The stock's performance is neutral heading into the earnings release, indicating uncertainty about the results. The company's Q2 earnings missed estimates, which could be causing investor caution. The future direction of the stock will depend on the Q3 earnings results and the company's guidance for Q4.
CONFIDENCE 80
IMPORTANCE 100
RELEVANCE 100