Supply Chain Council of European Union | Scceu.org
Warehousing

Investment Analysts’ Weekly Ratings Updates for Plug Power (PLUG)

A number of firms have modified their ratings and price targets on shares of Plug Power (NASDAQ: PLUG) recently:

  • 11/12/2019 – Plug Power was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Plug Power Inc. is a leading provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used primarily for the material handling and stationary power market. They are focused on proton exchange membrane, or PEM, fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and associated hydrogen storage and dispensing infrastructure from which multiple products are available. They sell and continue to develop fuel cell product solutions to replace lead-acid batteries in material handling vehicles and industrial trucks for some of North America’s largest distribution and manufacturing businesses. Their current product line includes: GenDrive, GenFuel, GenCare, ReliOn, and GenKey. “
  • 11/11/2019 – Plug Power was upgraded by analysts at Roth Capital from a “neutral” rating to a “buy” rating. They now have a $6.00 price target on the stock, up previously from $3.00.
  • 11/1/2019 – Plug Power was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 10/30/2019 – Plug Power was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 10/22/2019 – Plug Power was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $3.50 price target on the stock. According to Zacks, “Plug Power Inc. is a leading provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used primarily for the material handling and stationary power market. They are focused on proton exchange membrane, or PEM, fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and associated hydrogen storage and dispensing infrastructure from which multiple products are available. They sell and continue to develop fuel cell product solutions to replace lead-acid batteries in material handling vehicles and industrial trucks for some of North America’s largest distribution and manufacturing businesses. Their current product line includes: GenDrive, GenFuel, GenCare, ReliOn, and GenKey. “
  • 10/18/2019 – Plug Power was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 10/10/2019 – Plug Power was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 10/9/2019 – Plug Power was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Plug Power Inc. is a leading provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used primarily for the material handling and stationary power market. They are focused on proton exchange membrane, or PEM, fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and associated hydrogen storage and dispensing infrastructure from which multiple products are available. They sell and continue to develop fuel cell product solutions to replace lead-acid batteries in material handling vehicles and industrial trucks for some of North America’s largest distribution and manufacturing businesses. Their current product line includes: GenDrive, GenFuel, GenCare, ReliOn, and GenKey. “
  • 10/4/2019 – Plug Power was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 10/2/2019 – Plug Power was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 9/27/2019 – Plug Power was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 9/26/2019 – Plug Power was given a new $3.50 price target on by analysts at B. Riley. They now have a “buy” rating on the stock.
  • 9/18/2019 – Plug Power was given a new $4.00 price target on by analysts at HC Wainwright. They now have a “buy” rating on the stock.
  • 9/18/2019 – Plug Power was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $3.00 price target on the stock. According to Zacks, “Plug Power Inc. is a leading provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used primarily for the material handling and stationary power market. They are focused on proton exchange membrane, or PEM, fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and associated hydrogen storage and dispensing infrastructure from which multiple products are available. They sell and continue to develop fuel cell product solutions to replace lead-acid batteries in material handling vehicles and industrial trucks for some of North America’s largest distribution and manufacturing businesses. Their current product line includes: GenDrive, GenFuel, GenCare, ReliOn, and GenKey. “
  • 9/18/2019 – Plug Power was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 9/17/2019 – Plug Power was given a new $3.00 price target on by analysts at Cowen Inc. They now have a “buy” rating on the stock.

Shares of Plug Power stock traded up $0.31 during trading hours on Wednesday, hitting $3.38. 18,399,504 shares of the company’s stock traded hands, compared to its average volume of 4,329,858. The stock has a 50 day simple moving average of $2.74 and a 200-day simple moving average of $2.45. The company has a market cap of $687.86 million, a PE ratio of -9.39 and a beta of 1.45. Plug Power Inc has a twelve month low of $0.99 and a twelve month high of $3.44.

Plug Power (NASDAQ:PLUG) last announced its earnings results on Thursday, November 7th. The electronics maker reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The business had revenue of $56.38 million for the quarter, compared to analyst estimates of $55.58 million. Plug Power had a negative net margin of 47.21% and a negative return on equity of 6,435.09%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.07) earnings per share. As a group, sell-side analysts anticipate that Plug Power Inc will post -0.33 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in PLUG. Alps Advisors Inc. grew its stake in Plug Power by 110.3% in the second quarter. Alps Advisors Inc. now owns 396,087 shares of the electronics maker’s stock worth $891,000 after purchasing an additional 207,701 shares in the last quarter. Aperio Group LLC boosted its stake in Plug Power by 22.9% in the second quarter. Aperio Group LLC now owns 277,537 shares of the electronics maker’s stock valued at $624,000 after acquiring an additional 51,784 shares during the period. Advisor Group Inc. boosted its stake in Plug Power by 26.7% in the second quarter. Advisor Group Inc. now owns 97,340 shares of the electronics maker’s stock valued at $219,000 after acquiring an additional 20,500 shares during the period. Fosun International Ltd acquired a new position in Plug Power in the second quarter valued at approximately $53,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in Plug Power in the second quarter valued at approximately $666,000. Institutional investors own 31.01% of the company’s stock.

Plug Power Inc, an alternative energy technology provider, engages in the design, development, manufacture, and commercialization of hydrogen and fuel cell systems for the material handling and stationary power markets primarily in North America and Europe. It focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and related hydrogen storage and dispensing infrastructure.

See Also: What does a neutral rating on stocks mean?

Receive News & Ratings for Plug Power Inc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Plug Power Inc and related companies with MarketBeat.com’s FREE daily email newsletter.

Related posts

Warehouse worker left shocked after spotting monkey’s face in wooden pallet

scceu

We see tremendous opportunity for all IBM Cloud Paks in India: Viswanath Ramaswamy, IBM India

scceu

Strs Ohio Grows Holdings in Kadant Inc. (NYSE:KAI)

scceu