Plug Power, Inc. (NASDAQ:PLUG - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $2.65, but opened at $2.93. Plug Power shares last traded at $2.91, with a volume of 96,947,473 shares trading hands.
Wall Street Analyst Weigh In
PLUG has been the subject of a number of research analyst reports. Evercore ISI upgraded Plug Power to a "strong sell" rating in a research note on Tuesday, July 15th. Wells Fargo & Company raised their target price on Plug Power from $1.00 to $1.50 and gave the company an "equal weight" rating in a research note on Thursday, August 14th. Susquehanna raised their target price on Plug Power from $1.00 to $1.80 and gave the company a "neutral" rating in a research note on Monday, July 21st. Jefferies Financial Group raised their target price on Plug Power from $0.90 to $1.60 and gave the company a "hold" rating in a research note on Wednesday, July 23rd. Finally, BMO Capital Markets lowered their target price on Plug Power from $1.10 to $1.00 and set an "underperform" rating for the company in a research note on Tuesday, August 12th. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Reduce" and an average target price of $1.88.
Get Our Latest Report on Plug Power
Plug Power Trading Down 2.8%
The company has a market cap of $2.97 billion, a P/E ratio of -1.11 and a beta of 2.09. The stock has a 50-day moving average of $1.64 and a two-hundred day moving average of $1.32. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 1.59.
Plug Power (NASDAQ:PLUG - Get Free Report) last posted its earnings results on Monday, August 11th. The electronics maker reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.01). The business 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%. On average, equities research analysts predict that Plug Power, Inc. will post -1.21 earnings per share for the current year.
Institutional Trading of Plug Power
Several large investors have recently modified their holdings of PLUG. Miracle Mile Advisors LLC bought a new stake in shares of Plug Power in the first quarter worth $26,000. Sender Co & Partners Inc. bought a new stake in shares of Plug Power in the second quarter worth $26,000. Baader Bank Aktiengesellschaft bought a new stake in shares of Plug Power in the first quarter worth $28,000. O ROURKE & COMPANY Inc bought a new stake in shares of Plug Power in the second quarter worth $30,000. Finally, Abel Hall LLC purchased a new position in Plug Power during the second quarter valued at $30,000. Institutional investors own 43.48% of the company's stock.
Plug Power Company Profile
(
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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.
Further Reading
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