Plug Power Inc (PLUG)

[John-Knee]

Q2 2017 Earnings Estimate for Plug Power Inc (PLUG) Issued By Roth Capital
April 26th, 2017 - By Renee Jackson

Plug Power Inc (NASDAQ:PLUG) – Stock analysts at Roth Capital upped their Q2 2017 EPS estimates for Plug Power in a report released on Thursday, Zacks Investment Research reports. Roth Capital analyst C. Irwin now anticipates that the electronics maker will earn ($0.05) per share for the quarter, up from their previous estimate of ($0.07). Roth Capital currently has a “Hold” rating and a $2.00 target price on the stock. Roth Capital also issued estimates for Plug Power’s Q3 2017 earnings at ($0.04) EPS, Q4 2017 earnings at ($0.03) EPS and FY2017 earnings at ($0.18) EPS.

Plug Power (NASDAQ:PLUG) last released its quarterly earnings data on Thursday, March 9th. The electronics maker reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by $0.02. Plug Power had a negative net margin of 69.28% and a negative return on equity of 36.60%. The firm earned $32.60 million during the quarter, compared to the consensus estimate of $32.54 million. During the same quarter in the prior year, the company earned ($0.05) EPS. Plug Power’s quarterly revenue was down 15.1% on a year-over-year basis.