PLUG Earnings Prediction
The chart below shows how PLUG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PLUG sees a +5.61% change in stock price 10 days leading up to the earnings, and a -6.50% change 10 days following the report. On the earnings day itself, the stock moves by -2.02%. This data can give you a slight idea of what to expect for the next quarter's release.
PLUG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
173.73M
-12.57%
21.19%
Gross Margin
-54.10%
11.55%
-32.43%
Operating Margin
-121.64%
-10.83%
-25.91%
Net Margin
-121.55%
-14.80%
-33.58%
EPS
-0.25
-46.81%
-30.56%
No Data Available
PLUG Earnings Analysis
Plug Power Inc. Corporation (PLUG.O) Earnings Conference Call
Positive
Q3 2024 Revenue Report: Plug Power reported a revenue of $173.7 million for Q3 2024, driven by strong demand for their solutions, particularly in the electrolyzer and hydrogen infrastructure sectors.
Gross Margin Improvement: Gross margins increased by 37% quarter-over-quarter, showcasing gains across their equipment, service, and fuel business segments.
Cash Burn Reduction: Cash burn was reduced by 27% compared to the last quarter, demonstrating a disciplined approach to cash management and inventory optimization.
Market Leadership in PEM Electrolyzers: Plug Power is now the largest single deployer of PEM electrolyzers worldwide, with 70 megawatts deployed this quarter, solidifying their market leadership.
Convertible Deal Announcement: The company announced a $200 million convertible deal with Yorkville Capital, enhancing their financial flexibility and supporting future growth initiatives.
Negative
Revenue Decline Analysis: Revenue decreased by 10% year-over-year to $173.7 million, primarily due to lower demand in the hydrogen sector.
Operating Income Decline: Operating income fell by 15% compared to the previous quarter, reflecting increased operational costs and lower sales volume.
Customer Growth Decline: Customer growth slowed, with only a 5% increase in new accounts compared to 15% in the previous quarter.
Quarterly Net Loss: The company reported a net loss of $20 million for the quarter, attributed to higher expenses and lower-than-expected sales.
Increased Cash Burn Challenges: Cash burn increased by 27% compared to last quarter, indicating challenges in cost management and operational efficiency.
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PLUG Earning Call Sentiment
Plug Power Inc. (PLUG) Q3 2024 Earnings Call Transcript
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00:00
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PLUG.O
-6.25%Positive
The earnings call summary indicates strong financial performance with increased revenue and gross margins, alongside reduced cash burn. The strategic partnership with Olin Corporation and significant contracts secured in Australia are promising. The Q&A section suggests optimism about cash management and inventory monetization, with no major hurdles for the DOE loan. Despite competitive pressures and workforce reductions, the company's efforts to minimize shareholder dilution and improve liquidity are positive. Given the small market cap, these factors are likely to drive a positive stock price movement in the short term.