Plug Power's Q2 results are expected to show a significant year-over-year increase in revenue, with analysts predicting a 58% jump. However, the company is still expected to incur losses. The results will be released after market close on August 11.
Plug Power Inc. (NASDAQ:PLUG) is set to release its second-quarter (Q2) results on August 11, after the market close. Analysts expect the company to report a significant year-over-year increase in revenue, with predictions indicating a 58% jump to $157.97 million [1]. Despite the anticipated revenue growth, Plug Power is expected to continue incurring losses, with analysts predicting a loss of -$0.15 per share, down from last year's -$0.37 per share [1].
Investors will likely focus on how Plug Power's growth initiatives and strategic partnerships are contributing to its revenue and profitability. The company has recently expanded its partnership with Allied Green Ammonia, securing a new 2-electrolyzer opportunity linked to a sustainable fuels project in Uzbekistan [1]. Additionally, Plug Power has maintained its Q2 revenue outlook in the range of $140 million to $180 million [1].
The company's management has set a target to achieve gross margin break-even by the end of the year, and analysts have noted improvements in gross margin and working capital performance from Q1 2025 onward [1]. Over the last three months, EPS estimates have seen 4 upward revisions and 2 downward moves, while revenue estimates have seen 8 upward revisions and 9 downward moves [1].
Plug Power develops hydrogen fuel cell products and solutions, including GenDrive, GenSure, ProGen, GenFuel, and GenCare, among others. The company operates in North America, Europe, Asia, and internationally, selling its products through a direct sales force, original equipment manufacturers, and dealer networks [2].
References:
[1] https://seekingalpha.com/news/4482672-plug-power-q2-results-on-deck-heres-what-to-expect
[2] https://finance.yahoo.com/quote/PLUG/
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