Plug said that while it recognizes that the 2021 long-term incentive equity award program is “unconventional,” as the compensation committee does not use a prescribed formula for setting the size of the stock option grants, “we firmly believe that it is imperative to meet this transformational moment” in Plug Power’s history to have a “bold” incentive design. In the proxy’s pay ratio disclosure, the company said using the “realizable value” of the performance-based stock options granted in 2021, his total compensation would only be $2.76 million. Said the value of option awards awarded to Marsh represent the aggregate grant date fair values of such performance-based stock options assuming the probable outcome of the performance conditions based on the maximum level of achievement. Plug Power didn’t respond to a request for comment.
From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.The 2021 comp included a base salary of $750,000, up from $676,442 in 2020, and options awards valued at $50.80 million versus $4.18 million the year before.
However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.įrom thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. Plug Power appears a compelling earnings-beat candidate. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Over the last four quarters, the company has beaten consensus EPS estimates just once.Īn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. However, the model's predictive power is significant for positive ESP readings only.Ī positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate.
The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. Our proprietary surprise prediction model - the Zacks Earnings ESP (Expected Surprise Prediction) - has this insight at its core. Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out.
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