Categories AlphaGraphs, Analysis, Energy

Earnings Preview: Will the Trump effect translate to Plug Power in Q3?

Hydrogen fuel cell maker Plug Power Inc (PLUG) is expected to post its third-quarter earnings result before the opening bell on Thursday, November 8. Trump’s latest administrative effects are expected to help the company as the US manufacturing sector has picked up on increased capital spending and hiring driven by massive tax overhaul, deregulatory measures, strong domestic economy and robust business sentiment.

Nevertheless, the Street estimates sales of $48.56 million in the quarter for the alternative power company, which is 21% lower than last year’s $61.43 million.

Plug Power Q3 2018 Earnings Preview
Plug Power’s GenSure E-2200x fuel cell (Courtesy: Plug Power)

Last quarter, Plug Power Inc. (PLUG) posted a loss of $0.12 per share on revenues of $39.9 million, missing estimates — even after it posted an impressive top-line growth vs. a year ago.

This was the same period when the company started shipping its new GenDrive 2440-36R fuel cell system used in Class-2 electric forklifts.

Almost $20 million in total operating expenses affected the bottom-line, and this will also be in focus in the coming results.

However, since the US manufacturing sector has witnessed a resurgence under the Trump administration from how it was last year, we could see this translate to Power Plug. Be on the lookout for expense cuts and tax gains when the results are out on Thursday.


Listen to publicly listed companies’ earnings conference calls along with the edited closed caption text.

Most Popular

Does Unity Software (U) stock has more room to run?

Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a

PepsiCo (PEP): Steady snacking habits amid pandemic drive strong quarter for beverage giant

PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the

Does the virus-driven boom make Electronic Arts (EA) a good investment?

With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,

Leave a Reply

Your email address will not be published. Required fields are marked *

Add Comment

Viewing Highlight