Plug Power Inc Sets Earnings Report Date

Updated on

Plug Power Inc NASDAQ:PLUG said in a press release this morning that it will release its second quarter results on Aug. 14 before opening bell. The fuel cell company said it will also host a live conference call on the same day at 10 a.m. Eastern.

Plug Power bounces around

Shares of Plug Power NASDAQ:PLUG have been pretty volatile over the last month, shooting upward in mid-July, and then soaring again later in the month. The stock has been trending lower, however, since the end of July, and shares declined another 2% in early trading.

Any tiny bit of news has affected Plug Power stock. All it takes is an announcement about another small order for its GenKey fuel cell system. Around the time of an announcement of an order from Wal-Mart Stores, Inc. (NYSE:WMT), shares of Plug Power shot up—and that order was only for 286 units. The company said it expects the system to be up and running in the third quarter.

One thing Plug Power does have going for it in that order from Wal-Mart is that it is the big box chain’s second order. The company had ordered more than 1,700 units for six of its locations in North America.

What to expect in Plug Power’s earnings

On average, analysts are expecting Plug Power NASDAQ:PLUG to report losses of 4 cents per share, although that average is only based on estimates from two analysts. One of those analysts estimates losses of 5 cents per share, while the other estimates losses of 3 cents per share. In last year’s third quarter, Plug Power lost 10 cents per share. In the first quarter of this year, the company posted losses of 6 cents per share, compared to the estimate of 5 cents per share in losses.

For the September quarter, analysts are expecting losses of 1 cent per share, with one analyst estimating losses of 1 cent per share and the other forecasting losses of 2 cents per share. In last year’s September quarter, Plug Power lost 9 cents per share.

Leave a Comment