Plug power q3 earnings 202111/14/2023 ![]() Our proven model does not conclusively predict an earnings beat for Plug Power this time around. ![]() ![]() Story continues What the Zacks Model Unveils The consensus mark for revenues from fuel delivered to customers and related equipment indicates more than 100% surge from the third-quarter 2022 reported figure. The Zacks Consensus Estimate for net revenues from Power Purchase Agreements hints at a 37.6% rise from the sequential quarter’s reported number.Īn increase in the number of sites with fuel contracts is likely to have boosted revenues from fuel delivered to customers and related equipment. Revenues from Power Purchase Agreements are expected to reflect a sequential increase on the back of new sites for existing customers and new customers accessing the PPA solution. The consensus mark for revenues from services performed on fuel cell systems and related infrastructure suggests a 68.8% surge from the previous quarter’s reported figure. The Zacks Consensus Estimate for revenues from sales of fuel cell systems, related infrastructure and equipment indicates an increase of 69.6% sequentially.Įxpanding customer base is expected to have driven revenues from services performed on fuel cell systems and related infrastructure. The benefits of these acquisitions are likely to get reflected in revenues from sales of fuel cell systems, related infrastructure and equipment. However, the acquisitions of Applied Cryo (November 2021), Frames Holding (December 2021) and Joule Processing (January 2022) are expected to have boosted the company’s performance. High commodity costs due to inflationary pressure, and costs associated with supply-chain issues, including logistics, procurement, manufacturing costs and fuel costs, are likely to have weighed on Plug Power’s fourth-quarter performance.
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