Thomas Patrick Curran Senior Analyst Seaport Research Partners Manav Gupta Analyst UBS Investment Bank, Research Division Kasope Oladipo Harrison Director & Senior Research Analyst Piper Sandler & Co., Research Division Jeffrey David Osborne MD & Senior Research Analyst TD Cowen, Research Division James Carlyle West Senior MD Evercore ISI Institutional Equities, Research Division Gregory Robert Lewis MD & Energy and Infrastructure Analyst BTIG, LLC, Research Division ![]() Inc., Research DivisionĮric Andrew Stine Senior Research Analyst Craig-Hallum Capital Group LLC, Research Division Dendrinos Assistant VP RBC Capital Markets, Research DivisionĬolin William Rusch MD & Senior Analyst Oppenheimer & Co. Wainwright & Co, LLC, Research DivisionĪndrew Salvatore Percoco Associate Morgan Stanley, Research DivisionĬhristopher J. Gross profit- Other: $0.08 million compared to the -$0.09 million average estimate based on five analysts.Teal Vivacqua Hoyos Director of Marketing Communications Plug Power Inc.Ībhishek Sinha MD & Senior Research Analyst Northland Capital Markets, Research DivisionĪmeet Ishwar Thakkar Energy Transition & Infrastructure Analyst BMO Capital Markets Equity ResearchĪmit Dayal MD of Equity Research & Senior Technology Analyst H.C. Gross profit- Sales of fuel cell systems, related infrastructure and equipment: $23.77 million compared to the $28.05 million average estimate based on six analysts. Gross profit- Services performed on fuel cell systems and related infrastructure: -$3.12 million versus -$1.46 million estimated by seven analysts on average. Gross profit- Fuel delivered to customers and related equipment: -$44.36 million versus the seven-analyst average estimate of -$33.40 million. Gross profit- Power purchase agreements: -$38.88 million compared to the -$13.38 million average estimate based on seven analysts. The reported number represents a year-over-year change of +10.4%. Net revenue- Services performed on fuel cell systems and related infrastructure: $9.10 million versus the seven-analyst average estimate of $10.59 million. Compared to the year-ago quarter, this number represents a -20.9% change. ![]() Net revenue- Power purchase agreements: $7.94 million versus $8.92 million estimated by seven analysts on average. The reported number represents a change of -24.5% year over year. Net revenue- Fuel delivered to customers and related equipment: $10.14 million compared to the $23.62 million average estimate based on seven analysts. The reported number represents a year-over-year change of +67.3%. Net revenue- Sales of fuel cell systems, related infrastructure and equipment: $182.09 million versus the seven-analyst average estimate of $164.35 million. ![]() Here is how Plug Power performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. While investors closely watch year-over-year changes in headline numbers - revenue and earnings - and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. With the consensus EPS estimate being -$0.27, the EPS surprise was -29.63%. The reported revenue represents a surprise of +5.29% over the Zacks Consensus Estimate of $199.73 million. EPS of -$0.35 for the same period compares to -$0.27 a year ago. Plug Power (PLUG) reported $210.29 million in revenue for the quarter ended March 2023, representing a year-over-year increase of 49.4%.
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