Plug Power Inc. (NASDAQ:PLUG - Get Free Report)'s stock price traded down 6.7% on Monday . The company traded as low as $2.21 and last traded at $2.22. 14,171,137 shares were traded during trading, a decline of 67% from the average session volume of 43,495,844 shares. The stock had previously closed at $2.38.
Analyst Ratings Changes
Several analysts recently commented on PLUG shares. BTIG Research cut shares of Plug Power from a "buy" rating to a "neutral" rating in a research note on Thursday, November 14th. Craig Hallum reduced their price target on shares of Plug Power from $4.00 to $3.00 and set a "buy" rating for the company in a research report on Thursday, November 14th. Evercore ISI lowered their price target on Plug Power from $5.00 to $4.00 and set an "outperform" rating on the stock in a report on Wednesday, November 13th. Jefferies Financial Group dropped their price objective on Plug Power from $2.20 to $2.00 and set a "hold" rating for the company in a research note on Thursday, October 3rd. Finally, Canaccord Genuity Group decreased their target price on Plug Power from $2.50 to $2.25 and set a "hold" rating on the stock in a research report on Wednesday, November 13th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Plug Power presently has a consensus rating of "Hold" and a consensus price target of $4.52.
View Our Latest Research Report on PLUG
Plug Power Price Performance
The company has a 50 day moving average of $2.21 and a 200 day moving average of $2.24. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of -1.07 and a beta of 1.76. The company has a quick ratio of 0.95, a current ratio of 2.08 and a debt-to-equity ratio of 0.15.
Plug Power (NASDAQ:PLUG - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The electronics maker reported ($0.25) EPS for the quarter, missing analysts' consensus estimates of ($0.24) by ($0.01). Plug Power had a negative net margin of 214.05% and a negative return on equity of 46.99%. The company had revenue of $173.70 million for the quarter, compared to analyst estimates of $207.25 million. During the same period in the prior year, the company earned ($0.47) EPS. The company's revenue was down 12.6% compared to the same quarter last year. As a group, equities research analysts forecast that Plug Power Inc. will post -1.2 EPS for the current fiscal year.
Institutional Trading of Plug Power
Several institutional investors have recently made changes to their positions in the stock. Aire Advisors LLC acquired a new position in Plug Power in the second quarter valued at $28,000. Profund Advisors LLC acquired a new position in shares of Plug Power in the 2nd quarter valued at about $29,000. Prio Wealth Limited Partnership purchased a new stake in shares of Plug Power during the 3rd quarter worth about $29,000. Catalyst Capital Advisors LLC increased its position in Plug Power by 79.9% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 12,681 shares of the electronics maker's stock worth $29,000 after purchasing an additional 5,631 shares in the last quarter. Finally, First Commonwealth Financial Corp PA purchased a new position in Plug Power in the third quarter valued at approximately $29,000. 43.48% of the stock is owned by hedge funds and other institutional investors.
Plug Power Company Profile
(
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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