Several brokerages have updated their recommendations and price targets on shares of Plug Power (NASDAQ: PLUG) in the last few weeks:
- 11/28/2019 – Plug Power was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
- 11/25/2019 – Plug Power had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $6.00 price target on the stock, up previously from $3.50.
- 11/14/2019 – Plug Power was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
- 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.
NASDAQ:PLUG traded down $0.12 during trading hours on Monday, hitting $3.78. The company had a trading volume of 7,001,035 shares, compared to its average volume of 10,311,273. The stock has a 50-day moving average price of $3.08 and a 200 day moving average price of $2.54. The company has a market capitalization of $1.02 billion, a PE ratio of -10.50 and a beta of 1.66. Plug Power Inc has a 52 week low of $0.99 and a 52 week high of $4.04.
Plug Power (NASDAQ:PLUG) last announced its quarterly earnings data on Thursday, November 7th. The electronics maker reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.02). Plug Power had a negative net margin of 47.21% and a negative return on equity of 6,429.00%. The company had revenue of $56.38 million for the quarter, compared to the consensus estimate of $55.58 million. During the same quarter last year, the firm posted ($0.07) earnings per share. The company’s revenue was up 6.0% compared to the same quarter last year. On average, sell-side analysts forecast that Plug Power Inc will post -0.35 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of the business. Nuveen Asset Management LLC acquired a new stake in shares of Plug Power in the 2nd quarter worth approximately $2,800,000. KAMES CAPITAL plc grew its holdings in shares of Plug Power by 22.5% during the 3rd quarter. KAMES CAPITAL plc now owns 5,894,797 shares of the electronics maker’s stock valued at $15,444,000 after purchasing an additional 1,082,688 shares during the last quarter. Vanguard Group Inc. grew its holdings in Plug Power by 8.1% during the 2nd quarter. Vanguard Group Inc. now owns 12,247,704 shares of the electronics maker’s stock worth $27,557,000 after acquiring an additional 922,937 shares during the last quarter. Invesco Ltd. grew its holdings in Plug Power by 56.6% during the 2nd quarter. Invesco Ltd. now owns 2,316,548 shares of the electronics maker’s stock worth $5,212,000 after acquiring an additional 836,970 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Plug Power by 11.0% in the 3rd quarter. State Street Corp now owns 4,845,012 shares of the electronics maker’s stock worth $12,742,000 after purchasing an additional 478,614 shares during the period. Institutional investors own 32.17% 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.
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