Plug Power Stock Price, News & Analysis (NASDAQ:PLUG)

21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Plug Power in the last year. There are currently 15 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" PLUG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PLUG, but not buy additional shares or sell existing shares.
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21 analysts have issued 12-month price targets for Plug Power's shares. Their PLUG share price targets range from $3.50 to $27.00. On average, they predict the company's stock price to reach $9.83 in the next year. This suggests a possible upside of 150.1% from the stock's current price.
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Plug Power's stock was trading at $12.37 on January 1st, 2023. Since then, PLUG stock has decreased by 68.2% and is now trading at $3.93.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 6th 2024.
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Plug Power Inc. (NASDAQ:PLUG) issued its earnings results on Thursday, November, 9th. The electronics maker reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by $0.15. The electronics maker had revenue of $198.71 million for the quarter, compared to the consensus estimate of $219.57 million. Plug Power had a negative trailing twelve-month return on equity of 24.18% and a negative net margin of 106.74%. The business's revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.30) EPS.

ETFs with the largest weight of Plug Power (NASDAQ:PLUG) stock in their portfolio include Global X Hydrogen ETF (HYDR), Defiance Next Gen H2 ETF (HDRO), Direxion Hydrogen ETF (HJEN), ALPS Clean Energy ETF (ACES), ProShares S&P Kensho Cleantech ETF (CTEX), Subversive Decarbonization ETF (DKRB), Global X Clean Tech ETF (CTEC) and Virtus Duff & Phelps Clean Energy ETF (VCLN).

Plug Power issued an update on its FY 2023 earnings guidance on Wednesday, October, 11th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.20 billion-$1.20 billion, compared to the consensus revenue estimate of $1.28 billion.

27 employees have rated Plug Power Chief Executive Officer Andy Marsh on Glassdoor.com. Andy Marsh has an approval rating of 52% among the company's employees. This puts Andy Marsh in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Plug Power investors own include FuelCell Energy (FCEL), Advanced Micro Devices (AMD), Tesla (TSLA), NIO (NIO), NVIDIA (NVDA), Ballard Power Systems (BLDP), Micron Technology (MU), Block (SQ) and Nokia Oyj (NOK).

Plug Power's stock is owned by many different institutional and retail investors. Top institutional investors include Morgan Stanley (3.68%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (3.63%), KGH Ltd (0.00%), Robeco Schweiz AG (1.03%), Legal & General Group Plc (0.54%) and Charles Schwab Investment Management Inc. (0.54%). Insiders that own company stock include Andrew Marsh, George C Mcnamee, Gerard L Conway Jr, Jonathan M Silver, Jose Luis Crespo, Keith Schmid, Lucas P Schneider, Maureen O Helmer, Paul B Middleton and Sanjay K Shrestha.
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Shares of PLUG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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