Plug Power, Inc. (NASDAQ:PLUG - Get Free Report) was up 8.4% during mid-day trading on Monday . The stock traded as high as $4.58 and last traded at $4.13. Approximately 400,488,508 shares changed hands during mid-day trading, an increase of 340% from the average daily volume of 90,960,852 shares. The stock had previously closed at $3.81.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on PLUG shares. Susquehanna lifted their target price on shares of Plug Power from $1.00 to $1.80 and gave the company a "neutral" rating in a research note on Monday, July 21st. BMO Capital Markets lowered their price target on Plug Power from $1.10 to $1.00 and set an "underperform" rating for the company in a research report on Tuesday, August 12th. Weiss Ratings reissued a "sell (d-)" rating on shares of Plug Power in a research report on Saturday, September 27th. Wells Fargo & Company lifted their target price on shares of Plug Power from $1.00 to $1.50 and gave the stock an "equal weight" rating in a report on Thursday, August 14th. Finally, HC Wainwright raised their price target on shares of Plug Power from $3.00 to $7.00 and gave the company a "buy" rating in a research report on Friday. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and six have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Reduce" and an average price target of $2.19.
View Our Latest Stock Report on Plug Power
Plug Power Stock Performance
The firm has a market capitalization of $4.77 billion, a PE ratio of -1.79 and a beta of 2.23. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 1.59. The business's fifty day simple moving average is $1.85 and its 200-day simple moving average is $1.40.
Plug Power (NASDAQ:PLUG - Get Free Report) last posted its earnings results on Monday, August 11th. The electronics maker reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The company had revenue of $173.97 million for the quarter, compared to analysts' expectations of $157.97 million. Plug Power had a negative net margin of 292.84% and a negative return on equity of 90.22%. As a group, equities research analysts expect that Plug Power, Inc. will post -1.21 EPS for the current year.
Institutional Investors Weigh In On Plug Power
Large investors have recently added to or reduced their stakes in the stock. Sender Co & Partners Inc. purchased a new position in Plug Power during the second quarter worth $26,000. Miracle Mile Advisors LLC purchased a new position in shares of Plug Power during the 1st quarter worth about $26,000. O ROURKE & COMPANY Inc bought a new position in Plug Power during the 2nd quarter valued at about $30,000. Obermeyer Wealth Partners raised its position in Plug Power by 100.0% in the 2nd quarter. Obermeyer Wealth Partners now owns 20,000 shares of the electronics maker's stock worth $30,000 after purchasing an additional 10,000 shares during the period. Finally, Abel Hall LLC bought a new stake in Plug Power in the second quarter worth about $30,000. 43.48% of the stock is owned by 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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