Plug Power (NASDAQ:PLUG) Receives Sell (D-) Rating from Weiss Ratings

Key Points

• Plug Power (NASDAQ:PLUG) has been given a "sell (D-)" rating by Weiss Ratings, indicating concerns about the company's stock performance.
• Recent analyst ratings show a mix of opinions, with one strong buy, five buy ratings, seven hold, and six sell ratings, leading to an average rating of "hold" with a price target of $2.54.
• Plug Power reported a net loss of ($0.16) per share for the last quarter, missing estimates, but generated revenue of $173.97 million, beating expectations.

Plug Power (NASDAQ:PLUG - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by equities researchers at Weiss Ratings in a research report issued on Saturday,Weiss Ratings reports.

Other equities analysts have also recently issued research reports about the stock. BMO Capital Markets dropped their price target on shares of Plug Power from $1.10 to $1.00 and set an "underperform" rating on the stock in a research note on Tuesday, August 12th. Wells Fargo & Company upped their target price on shares of Plug Power from $1.00 to $1.50 and gave the company an "equal weight" rating in a research note on Thursday, August 14th. HSBC set a $4.40 target price on shares of Plug Power in a research note on Thursday, October 9th. Jefferies Financial Group upped their target price on shares of Plug Power from $0.90 to $1.60 and gave the company a "hold" rating in a research note on Wednesday, July 23rd. Finally, Susquehanna upped their target price on shares of Plug Power from $1.80 to $3.50 and gave the company a "neutral" rating in a research note on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have given a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $2.54.

Plug Power Stock Performance

Shares of Plug Power stock opened at $2.95 on Friday. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of -1.28 and a beta of 2.23. The firm's 50-day moving average is $2.39 and its 200 day moving average is $1.61. Plug Power has a 1 year low of $0.69 and a 1 year high of $4.58. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.59 and a quick ratio of 0.82.

Plug Power (NASDAQ:PLUG - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The electronics maker reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.01). The firm had revenue of $173.97 million during the quarter, compared to the consensus estimate of $157.97 million. Plug Power had a negative return on equity of 90.22% and a negative net margin of 292.84%. Sell-side analysts anticipate that Plug Power will post -1.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Plug Power

Several hedge funds and other institutional investors have recently made changes to their positions in PLUG. Cambridge Investment Research Advisors Inc. increased its position in shares of Plug Power by 138.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 202,387 shares of the electronics maker's stock valued at $273,000 after purchasing an additional 117,492 shares during the last quarter. JNBA Financial Advisors purchased a new stake in shares of Plug Power during the 1st quarter valued at about $37,000. Vontobel Holding Ltd. increased its position in shares of Plug Power by 23.0% during the 1st quarter. Vontobel Holding Ltd. now owns 3,465,804 shares of the electronics maker's stock valued at $4,679,000 after purchasing an additional 648,058 shares during the last quarter. Krane Funds Advisors LLC increased its position in shares of Plug Power by 2.3% during the 1st quarter. Krane Funds Advisors LLC now owns 450,901 shares of the electronics maker's stock valued at $609,000 after purchasing an additional 10,287 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Plug Power during the 1st quarter valued at about $153,000. Hedge funds and other institutional investors own 43.48% of the company's stock.

Plug Power Company Profile

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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