Plug Power Inc 4Q Earnings Preview

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Plug Power Inc 4Q Earnings Preview

Plug Power is on-track to achieve $130 million in revenue for 2015

Plug Power, one of the leading providers of clean and reliable energy solutions, is scheduled to report its financial results for the fourth quarter on Wednesday, January 28, 2015.

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Analysts’ expectations for Plug Power

Wall Street analysts are expecting Plug Power to deliver losses of $0.04 per share on $26.67 million revenue for the fourth quarter. The company posted losses of $0.08 per share on $8.03 million in revenue in the same period last year.

During the previous quarter, the company posted losses of $0.04 per share on $19.9 million in revenue, lower than the consensus estimate of -$0.03 in earnings per share on $24.4 million in revenue.

Based on the current expectations of analysts, Plug Power’s financial results are expected to improve significantly compared with its performance in the year-ago quarter.

Today, the stock price of Plug Power climbed 7% to $3.08 per share at the time of this writing around 11:52 A.M. in New York. Over the past 52 weeks, the shares of the company traded from $2.22 per share to as much as $11.72 per share.

Plug Power perceived as a strong long-term player

The stock is probably benefiting from positive perceptions that it poised to become a strong long-term player as it continues to improve its business operations.

Plug Power is expanding its fuel cell business in markets where it is more efficient and cost effective. The company is currently focused on the material handling market by producing fuel cells for refrigerated trucks and vehicles hauling luggage at airports.

Earlier this month, Plug Power CEO Andy Marsh stated that the company is on track to achieve $130 million in revenue this 2015 compared with the $123.7 million expected by analysts.

The company signed a multi-year contract with SouthernLINC, a wholly-owned subsidiary of The Southern Company.  The telecommunications company agreed to use Plug Power’s ReliOn integrated fuel cell solution and GenFuel hydrogen services for its wireless network. SouthernLINC is expected to deploy 500 new LTE sites using Plug Power’s solutions and services.

Plug Power also entered into agreements with several companies including Wal-Mart Stores, FedEx Corporation, Volkswagen, BMW and others.

According to Marsh, Plug Power “fully understands the critical nature of communications during power outages.” He is confident that the company’s ReliOn hydrogen fuel cell power combined with the GenFuel hydrogen services ensures that the systems of its clients will remain up even when their grid goes down.

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Marie received her Bachelors Degree in Mass Communication from New Era University. She is a former news writer and program producer for Nation Broadcasting Corporation (NBC-DZAR 1026), a nationwide AM radio station. She was also involved in events management. Marie was also a former Young Ambassador of Goodwill during the 26th Ship for Southeast Asian Youth Program (SSEAYP). She loves to read, travel and take photographs. She considers gardening a therapy.
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3 COMMENTS

  1. Dear Marie Cabural , Thank you very much to you… You writing very good information about PLUG POWER in VALUEWALK. This articles are very lucrative for us PLUG POWER investors… Please release more article about PLUG POWER especially about new customers in 2015? Company Q4 ER more details… Thank you very much.. Best Regards..

  2. It’s a general business update NOT a reporting of it’s financial results; “LATHAM, NY – January 15, 2015 – Plug Power Inc. (NASDAQ: PLUG), a leader in providing clean, reliable energy solutions, today announced it will host its January Business Update conference call and webcast on January 28, 2015. On this call CEO Andy Marsh and CFO Paul Middleton will provide a general business status update.”

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