Plug Power Inc reports results for the quarter ended June 30 - Earnings Summary

• Plug Power Inc PLUG.OQ reported a quarterly adjusted loss of 20 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -36 cents. The mean expectation of twenty analysts for the quarter was for a loss of 15 cents per share. Wall Street expected results to range from -22 cents to -9 cents per share.

• Revenue rose 21.4% to $173.97 million from a year ago; analysts expected $157.94 million.

• Plug Power Inc's reported EPS for the quarter was a loss of 20 cents​.

• The company reported a quarterly loss of $227.1 million.

• Plug Power Inc shares had risen by 6.0% this quarter and lost 25.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 5.2% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 13 "hold" and 5 "sell" or "strong sell." The average consensus recommendation for the renewable energy equipment & services peer group is "buy."

• Wall Street's median 12-month price target for Plug Power Inc is $1.68, about 5.7% above its last closing price of $1.58

This summary was machine generated from LSEG data August 12 at 02:26 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)