NEW YORK (TheStreet) -- Shares of Plug Power (PLUG - Get Report) are soaring 12.92% to $4.72 in pre-market trade this morning after FBR Capital Markets gave the fuel cell company an "outperform" rating.
The firm cited the company's fresh orders in the U.S., a potential expansion opportunity in Europe, and a breakthrough in the hydrogen delivery system solution for its new rating.
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- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Electrical Equipment industry. The net income has significantly decreased by 784.5% when compared to the same quarter one year ago, falling from -$8.58 million to -$75.86 million.
- Net operating cash flow has decreased to -$8.89 million or 49.83% when compared to the same quarter last year. In addition, when comparing the cash generation rate to the industry average, the firm's growth is significantly lower.
- The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Electrical Equipment industry and the overall market, PLUG POWER INC's return on equity significantly trails that of both the industry average and the S&P 500.
- PLUG, with its decline in revenue, slightly underperformed the industry average of 5.4%. Since the same quarter one year prior, revenues fell by 13.5%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
- PLUG POWER INC has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, PLUG POWER INC continued to lose money by earning -$0.79 versus -$0.94 in the prior year. This year, the market expects an improvement in earnings (-$0.11 versus -$0.79).
- You can view the full analysis from the report here: PLUG Ratings Report