Plug Power Inc. (NASDAQ:PLUG - Get Free Report)'s stock price traded up 2.3% during trading on Monday . The company traded as high as $0.94 and last traded at $0.88. 38,865,868 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 55,821,720 shares. The stock had previously closed at $0.86.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the stock. Seaport Res Ptn downgraded shares of Plug Power from a "hold" rating to a "strong sell" rating in a research report on Monday, January 27th. Susquehanna reduced their price target on shares of Plug Power from $1.80 to $1.25 and set a "neutral" rating for the company in a research report on Monday, April 14th. Canaccord Genuity Group reduced their price target on shares of Plug Power from $2.00 to $1.25 and set a "hold" rating for the company in a research report on Wednesday, March 5th. Truist Financial reduced their price target on shares of Plug Power from $2.00 to $1.50 and set a "hold" rating for the company in a research report on Wednesday, March 5th. Finally, Morgan Stanley reduced their price target on shares of Plug Power from $1.75 to $1.60 and set an "underweight" rating for the company in a research report on Thursday, March 6th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Plug Power has an average rating of "Hold" and an average target price of $2.10.
Read Our Latest Research Report on Plug Power
Plug Power Price Performance
The stock has a market capitalization of $924.31 million, a PE ratio of -0.42 and a beta of 2.19. The company has a current ratio of 2.08, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15. The company's 50 day simple moving average is $1.22 and its 200 day simple moving average is $1.82.
Plug Power (NASDAQ:PLUG - Get Free Report) last released its earnings results on Thursday, May 8th. The electronics maker reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.01). Plug Power had a negative return on equity of 46.99% and a negative net margin of 214.05%. On average, equities analysts anticipate that Plug Power Inc. will post -1.21 earnings per share for the current year.
Hedge Funds Weigh In On Plug Power
Hedge funds and other institutional investors have recently made changes to their positions in the business. Oppenheimer & Co. Inc. acquired a new position in shares of Plug Power during the 4th quarter valued at $25,000. Pacific Sage Partners LLC acquired a new position in shares of Plug Power during the 4th quarter valued at $25,000. Jones Financial Companies Lllp lifted its holdings in shares of Plug Power by 107.4% during the 4th quarter. Jones Financial Companies Lllp now owns 11,730 shares of the electronics maker's stock valued at $25,000 after acquiring an additional 6,074 shares in the last quarter. Callan Family Office LLC acquired a new position in shares of Plug Power during the 4th quarter valued at $27,000. Finally, Ground Swell Capital LLC acquired a new position in shares of Plug Power during the 4th quarter valued at $27,000. Institutional investors and hedge funds own 43.48% of the company's stock.
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.
See Also
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