Shares of Plug Power, Inc. (NASDAQ:PLUG – Get Free Report) have been given a consensus recommendation of “Hold” by the fifteen brokerages that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $3.4150.
Several research firms have issued reports on PLUG. TD Cowen raised their target price on Plug Power from $2.00 to $3.00 and gave the stock a “hold” rating in a research note on Tuesday, May 12th. BMO Capital Markets raised their target price on Plug Power from $1.00 to $1.20 and gave the stock an “underperform” rating in a research note on Tuesday, May 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Plug Power in a research note on Tuesday, April 21st. Oppenheimer reaffirmed a “market perform” rating on shares of Plug Power in a research note on Tuesday, March 3rd. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $7.00 price objective on shares of Plug Power in a research note on Tuesday, March 3rd.
View Our Latest Stock Report on PLUG
Institutional Investors Weigh In On Plug Power
Plug Power Price Performance
PLUG stock opened at $4.09 on Wednesday. The business has a fifty day moving average of $3.08 and a two-hundred day moving average of $2.47. The company has a quick ratio of 1.40, a current ratio of 2.36 and a debt-to-equity ratio of 0.89. The stock has a market cap of $5.71 billion, a price-to-earnings ratio of -3.10 and a beta of 2.12. Plug Power has a 52-week low of $0.81 and a 52-week high of $4.58.
Plug Power (NASDAQ:PLUG – Get Free Report) last posted its earnings results on Monday, May 11th. The electronics maker reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.01. The company had revenue of $163.51 million during the quarter, compared to analysts’ expectations of $139.87 million. Plug Power had a negative return on equity of 49.30% and a negative net margin of 227.13%.The firm’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.21) earnings per share. As a group, research analysts anticipate that Plug Power will post -0.26 earnings per share for the current year.
About Plug Power
Plug Power Inc is a U.S.-based company specializing in the design and manufacture of hydrogen fuel cell systems that serve as clean energy replacements for conventional batteries in electric vehicles and material handling equipment. Its core solutions include ProGen fuel cell engines, GenDrive power systems for forklifts and warehouse vehicles, and GenFuel hydrogen refueling infrastructure. These offerings are sold as standalone components or integrated turnkey solutions under the GenKey brand, providing customers with on-site refueling, equipment installation and maintenance services.
In addition to its fuel cell and refueling products, Plug Power develops backup power and off-grid energy solutions through its GenSure line, which targets telecommunications, data centers and utility applications.
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