Plug Power continues to put up negative gross margins. Meanwhile, its equipment sales have also fallen off a cliff.
Plug Power's revenue has nearly halved and its stock price has reached new lows. Does that mean its a buy opportunity or a signal to stay away from the stock?
Plug Power Inc. (NASDAQ:PLUG ) Q2 2024 Earnings Conference Call August 8, 2024 8:30 AM ET Company Participants Meryl Fritz - Manager, Marketing and Communications Andrew Marsh - President and Chief Executive Officer Paul Middleton - Chief Financial Officer Sanjay Shrestha - General Manager, Energy Solutions and Chief Strategy Officer Dean Fullerton - Chief Operating Officer Conference Call Participants James West - Evercore ISI Colin Rusch - Oppenheimer Craig Irwin - Roth Capital Partners Manav Gupta - UBS Bill Peterson - JPMorgan Dushyant Ailani - Jefferies Sherif Elmaghrabi - BTIG Chris Senyek - Wolfe Research Skye Landon - Redburn Atlantic Operator Hello and welcome to the Plug Power Second Quarter 2024 Earnings Call and Webcast. At this time, all participants are in listen-only mode.
The headline numbers for Plug Power (PLUG) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Plug Power (PLUG) came out with a quarterly loss of $0.36 per share versus the Zacks Consensus Estimate of a loss of $0.30. This compares to loss of $0.35 per share a year ago.
Hydrogen-technology provider Plug Power reported disappointing quarterly results and guidance.
Plug Power Inc. on Thursday reported a big revenue shortfall relative to what analysts were expecting, and its stock was falling in premarket action.
Plug Power's (PLUG) Q2 results are likely to reflect soft demand for GenDrive and GenSure stationary backup power units. An increased number of sites with fuel contracts is expected to have offered some respite.
Can Plug Power right the ship after a brutal 2024?
Besides Wall Street's top -and-bottom-line estimates for Plug Power (PLUG), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2024.
Plug Power (PLUG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Recently, Zacks.com users have been paying close attention to Plug Power (PLUG). This makes it worthwhile to examine what the stock has in store.