Plug Power (PLUG) closed at $1.22 in the latest trading session, marking a +0.83% move from the prior day. The stock outpaced the S&P 500's daily loss of 5.98%. At the same time, the Dow lost 5.5%, and the tech-heavy Nasdaq lost 5.82%.

Prior to today's trading, shares of the alternative energy company had lost 26.67% over the past month. This has lagged the Industrial Products sector's loss of 7.54% and the S&P 500's loss of 7.66% in that time.

Analysts and investors alike will be keeping a close eye on the performance of Plug Power in its upcoming earnings disclosure. The company's upcoming EPS is projected at -$0.20, signifying a 53.49% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $128.91 million, reflecting a 7.19% rise from the equivalent quarter last year.

PLUG's full-year Zacks Consensus Estimates are calling for earnings of -$0.63 per share and revenue of $720.01 million. These results would represent year-over-year changes of +76.49% and +14.5%, respectively.

Any recent changes to analyst estimates for Plug Power should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.93% lower. Currently, Plug Power is carrying a Zacks Rank of #3 (Hold).

The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry, currently bearing a Zacks Industry Rank of 26, finds itself in the top 11% echelons of all 250+ industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

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Plug Power, Inc. (PLUG) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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