- Plug Power's Q1 GAAP EPS missed estimates, but revenues exceeded expectations.
- Analyst price targets suggest significant potential upside from current levels.
- GuruFocus estimates a substantial upside based on GF Value metrics.
Plug Power Inc. (NASDAQ: PLUG) has recently announced its first-quarter earnings, revealing a GAAP EPS of -$0.21. This figure fell short of market predictions by $0.02. On a brighter note, the company reported revenue of $133.67 million, surpassing the anticipated figures by $1.88 million.
Wall Street Analysts' Insights
Wall Street analysts remain optimistic about Plug Power's future. Based on data from 22 analysts, the average one-year price target for Plug Power Inc. is estimated at $2.49. Projections vary, with a high estimate of $7.00 and a low of $0.75. This average target entails a promising upside potential of 175.16% from the current stock price of $0.90. For further insights, explore the detailed estimates on our Plug Power Inc (PLUG, Financial) Forecast page.
Consensus from 26 brokerage firms suggests that Plug Power Inc. currently holds a "Hold" rating with an average brokerage recommendation of 3.0. The recommendation scale ranges from 1 (Strong Buy) to 5 (Sell).
Analyzing Long-Term Value Potential
According to GuruFocus' proprietary calculations, the projected GF Value of Plug Power Inc. in one year is approximately $5.52. This estimation indicates a notable upside of 510.89% from the current trading price of $0.9036. The GF Value represents an estimate of the fair price Plug Power should command, derived from historical trading multiples, past growth trajectories, and anticipated business performance. Detailed financial data and analysis can be found on the Plug Power Inc (PLUG, Financial) Summary page.
Investors should consider the insights and metrics highlighted above to make informed decisions while keeping an eye on the evolving landscape of the energy sector. As Plug Power continues its journey, its financial health and market dynamics will be key determinants of its future success.
