![]() Illumina - Shares of the biotechnology company plunged 12.5% after it slashed its adjusted earnings guidance for the full year to a range of 60 cents to 70 cents per share, while analysts' estimated 80 cents per share, according to LSEG. Diageo - The UK-based drink manufacturer dropped 14.5% in Friday early morning trading after the company said it expects growth to slow in the first half of its fiscal year, due to weakness in Latin America and the Caribbean, cutting guidance for the short and medium term. Some analysts were less encouraged by EBITDAR results from the company's Wynn Macau segment, however. Wynn notched an adjusted 99 cents per share on $1.67 billion in revenue, while analysts polled by LSEG forecast 75 cents and $1.59 billion. Wynn Resorts - The casino juggernaut slipped more than 5% after reporting a beat on the top and bottom line in the third-quarter. Personal Loans for 670 Credit Score or LowerĬheck out the companies making headlines before the bell. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. O n the date of publication, Samuel O’Brient did not hold (either directly or indirectly) any positions in the securities mentioned in this article. Of those analysts, 16 rate the stock as a “buy.” Ramer says Plug has an opportunity to supply hydrogen in the aviation space, which could be another growth driver for the company.įinally, although Percoco may have doubts, PLUG still enjoys a “moderate buy” consensus rating on TipRanks, based on 22 Wall Street analysts’ opinions. More recently, contributor Larry Ramer named PLUG stock as an undervalued growth play. Lango says the company is “morphing into an all-in-one, vertically integrated powerhouse at the epicenter of the Hydrogen Economy.” When he discussed the hydrogen sector’s potential for growth, InvestorPlace’s Luke Lango posed an important question: “Who is at the forefront of this multi-trillion-dollar disruption?” Ultimately, his answer is Plug Power. This company also has technology that’s worth paying attention to. What’s more, as InvestorPlace contributor Ian Cooper recently noted, Plug already has deals with Walmart (NYSE: WMT), Amazon (NASDAQ: AMZN) and Home Depot (NYSE: HD), to name a few. That leaves plenty of room to run for companies making waves in the space. The hydrogen fuel cells market is expected to expand at a compound annual growth rate (CAGR) of 41% over the next four years, reaching $32.65 billion in 2027. Still, investors should be careful not to disregard the positive elements that Plug Power brings to the table.įirst and foremost, the company operates in an industry with significant growth potential. The company hasn’t done much since the year began and it certainly isn’t without some risks. This is a fair assessment, given how PLUG stock has performed recently. It also sees potential near-term financing risks given the company’s continued elevated levels of cash burn.” ![]() However, after several quarters of execution issues, the firm is “getting more cautious” on the pace of Plug’s revenue growth and margin improvement. “The analyst continues to like the company’s strategy to vertically integrate the green hydrogen ecosystem. ![]() That may be because the analyst’s take did not contain dire predictions alone. But it quickly dipped when markets opened the following day. PLUG stock did not immediately fall on April 3, when Percoco released his new rating and price prediction. Several of Plug’s peers - including Bloom Energy (NYSE: BE) and Linde (NYSE: LIN) - are trending downward as well. However, part of this could be attributed to general negative market momentum. As of this writing, shares are down more than 7% for the day. On the contrary, PLUG stock has been gradually declining all month, though it did see some slight gains late in March. Plug Power’s troubles didn’t start with Percoco’s downgrade.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |