Plug Power Inc reports results for the quarter ended March 31 - Earnings Summary

• Plug Power Inc PLUG.OQ reported a quarterly adjusted loss of 21 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -46 cents. The mean expectation of twenty three analysts for the quarter was for a loss of 19 cents per share. Wall Street expected results to range from -27 cents to -11 cents per share.

• Revenue rose 11.2% to $133.67 million from a year ago; analysts expected $132.16 million.

• Plug Power Inc's reported EPS for the quarter was a loss of 21 cents​.

• The company reported a quarterly loss of $196.86 million.

• Plug Power Inc shares had fallen by 36.3% this quarter and lost 59.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 6.2% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 14 "hold" and 6 "sell" or "strong sell." The average consensus recommendation for the renewable energy equipment & services peer group is also "hold"

• Wall Street's median 12-month price target for Plug Power Inc is $2.00

This summary was machine generated from LSEG data May 12 at 08:15 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)