Plug Power (NASDAQ:PLUG - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at HC Wainwright in a research report issued on Tuesday, Benzinga reports. They currently have a $18.00 target price on the electronics maker's stock. HC Wainwright's target price indicates a potential upside of 423.26% from the company's previous close.
Other research analysts also recently issued reports about the company. Royal Bank of Canada decreased their price objective on Plug Power from $5.00 to $3.50 and set a "sector perform" rating for the company in a report on Wednesday, January 24th. HSBC reduced their price target on Plug Power from $9.00 to $8.50 and set a "buy" rating for the company in a research report on Tuesday, March 5th. Craig Hallum cut their target price on shares of Plug Power from $6.00 to $5.00 and set a "buy" rating for the company in a research note on Monday, March 4th. Canaccord Genuity Group dropped their price objective on shares of Plug Power from $4.00 to $3.00 and set a "hold" rating on the stock in a research report on Monday. Finally, Roth Capital upgraded Plug Power from a "neutral" rating to a "buy" rating in a research note on Wednesday, January 31st. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $5.49.
Read Our Latest Analysis on Plug Power
Plug Power Price Performance
Shares of PLUG traded up $0.55 during trading hours on Tuesday, hitting $3.44. The stock had a trading volume of 202,806,181 shares, compared to its average volume of 41,718,867. Plug Power has a 52 week low of $2.25 and a 52 week high of $13.44. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of -1.43 and a beta of 1.64. The company's fifty day moving average is $3.04 and its two-hundred day moving average is $3.77. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.94 and a quick ratio of 0.87.
Plug Power (NASDAQ:PLUG - Get Free Report) last posted its quarterly earnings data on Friday, March 1st. The electronics maker reported ($1.08) earnings per share for the quarter, missing the consensus estimate of ($0.56) by ($0.52). The company had revenue of $222.20 million during the quarter, compared to analyst estimates of $234.21 million. Plug Power had a negative net margin of 181.96% and a negative return on equity of 43.10%. The company's revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.38) EPS. On average, analysts anticipate that Plug Power will post -0.94 EPS for the current year.
Insiders Place Their Bets
In related news, Director George C. Mcnamee sold 10,000 shares of the company's stock in a transaction on Friday, May 10th. The shares were sold at an average price of $2.56, for a total transaction of $25,600.00. Following the completion of the transaction, the director now owns 639,572 shares in the company, valued at $1,637,304.32. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.60% of the company's stock.
Institutional Trading of Plug Power
A number of large investors have recently made changes to their positions in PLUG. Millburn Ridgefield Corp purchased a new position in shares of Plug Power during the 3rd quarter valued at approximately $29,000. Mosley Wealth Management purchased a new position in Plug Power in the 1st quarter worth approximately $35,000. J.W. Cole Advisors Inc. acquired a new position in shares of Plug Power during the 1st quarter worth approximately $36,000. HBK Sorce Advisory LLC purchased a new stake in shares of Plug Power in the first quarter valued at approximately $37,000. Finally, FAS Wealth Partners Inc. acquired a new stake in shares of Plug Power in the fourth quarter valued at approximately $45,000. 43.48% of the stock is owned by hedge funds and other institutional investors.
About Plug Power
(
Get Free Report)
Plug Power Inc develops hydrogen and fuel cell product solutions in North America, Europe, Asia, and internationally. The company offers GenDrive, a hydrogen-fueled proton exchange membrane (PEM) fuel cell system that provides power to material handling electric vehicles; GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing Internet of Things-based maintenance and on-site service program for GenDrive fuel cell systems, GenSure fuel cell systems, GenFuel hydrogen storage and dispensing products, and ProGen fuel cell engines; and GenKey, an integrated turn-key solution for transitioning to fuel cell power.
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