Plug Power (PLUG) is scheduled to announce Q3 earnings results on Monday, November 10th, after market close.
Wall Street, on average, expects the electrical components and equipment company to post a quarterly EPS of -$0.13 on revenue of $176.06M (+1.4% Y/Y).
In the second quarter, Plug reported a 21% increase in revenue versus Q2 2024, driven by robust demand for its GenDrive fuel cells, GenFuel hydrogen infrastructure, and GenEco electrolyzer platforms.
“PLUG shows operational progress with improved gross margins, record hydrogen production at the Georgia plant, and growing commercial electrolyzer sales, including a major project in Portugal,” pointed out a Seeking Alpha analysis.
Over the last 3 months, EPS estimates have seen 3 upward revisions and 3 downward. Revenue estimates have seen 0 upward revisions and 16 downward.
Since the start of the year, PLUG shares have risen 15%, compared to the 14% rise in the broader S&P 500 index (SP500).
Both Seeking Alpha’s Quant and the Wall Street analysts see the company as a Hold.
PLUG shares were up over 2% on Friday.