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.
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
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on
Target (TGT): A look at some of the challenges faced by the retailer in 3Q24
Shares of Target Corporation (NYSE: TGT) stayed green on Thursday, recovering from the stumble it took a day ago after delivering disappointing results for the third quarter of 2024 and