Plug Power Inc. (NASDAQ:PLUG) [Trend Analysis] regains street interests, as shares decreased -3.63% on Wednesday and it traded at $1.86. Plug Power Inc. (PLUG) presented a loss of $11.8M in its first quarter. On a per-share basis, the Latham, New York-based company said it had a loss of 7 cents. Losses, adjusted for non-recurring costs, came to 5 cents per share. The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share. The alternative energy company posted revenue of $15.3 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $25.5 million.
Moving toward technical analysis, the current ratio, or the liquidity ratio of a company was calculated 3.10 as compared to its debt to equity ratio stands at 0.01. This is an important indicator as a higher ratio typically suggests that investors are investing more confidently as compared to companies in the same industry has lower ratios. When calculating in the EPS estimates for the current year from sell-side analysts, the Price to current year EPS stands at 43.10%. Investors looking further ahead will note that the Price to next year’s EPS is 66.70%.
As for as concerns shares volumes, in share capital Plug Power Inc. (NASDAQ:PLUG) has 181.20 million outstanding shares among them 178.61 million shares have been floated in market exchange. The firm’s institutional ownership remained 18.50% while insider ownership included 0.90%.
The stock showed weekly upbeat performance of -7.46%, which maintained for the month at -7.46%. Likewise the positive performance for the quarter recorded as 19.23% and for the year was -27.06%, while the YTD performance remained at -11.85%.