Anticipation Builds for Plug Power's Q1 Earnings Announcement
Key Ideas
- Plug Power is set to announce its Q1 earnings on May 12th, with analysts expecting a quarterly EPS of -$0.20.
- Wall Street anticipates a 9.6% year-over-year revenue growth for Plug Power, estimating $131.79M in revenue.
- Investors are eagerly awaiting the earnings report to gauge Plug Power's financial performance and market outlook.
- The announcement will occur during market hours, potentially impacting Plug Power's stock price and investor sentiment.
Plug Power, a hydrogen fuel cells products developer listed on the NASDAQ as PLUG, is scheduled to unveil its first-quarter earnings results on Monday, May 12th. Analysts are forecasting that the company will report a quarterly EPS of -$0.20. The market consensus also suggests that Plug Power is expected to achieve a revenue of $131.79 million, indicating a 9.6% increase compared to the previous year. This news has stirred anticipation among investors and financial analysts who are keen to assess the company's financial performance and its position in the market. The announcement is strategically timed during market hours, potentially influencing the trading activity and stock value of Plug Power. Observers are closely monitoring this event to gain insights into the company's growth trajectory and overall market sentiment towards hydrogen fuel cell technology.