Plug Power Inc. (NASDAQ:PLUG - Get Free Report) shares were down 0.7% during mid-day trading on Friday . The stock traded as low as $1.92 and last traded at $1.91. Approximately 15,172,647 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 76,169,750 shares. The stock had previously closed at $1.92.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. BTIG Research downgraded Plug Power from a "buy" rating to a "neutral" rating in a report on Thursday, November 14th. HC Wainwright restated a "buy" rating and set a $18.00 price objective on shares of Plug Power in a research report on Wednesday, November 13th. 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. Canaccord Genuity Group reduced their price target on shares of Plug Power from $2.50 to $2.25 and set a "hold" rating for the company in a research report on Wednesday, November 13th. Finally, Susquehanna boosted their target price on Plug Power from $2.00 to $2.50 and gave the company a "neutral" rating in a report on Thursday, January 16th. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Plug Power presently has an average rating of "Hold" and an average price target of $4.18.
View Our Latest Analysis on PLUG
Plug Power Trading Down 1.3 %
The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.95 and a current ratio of 2.08. The firm has a market capitalization of $1.75 billion, a P/E ratio of -0.90 and a beta of 1.79. The firm has a 50 day moving average price of $2.35 and a two-hundred day moving average price of $2.18.
Plug Power (NASDAQ:PLUG - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The electronics maker reported ($0.25) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.24) by ($0.01). Plug Power had a negative net margin of 214.05% and a negative return on equity of 46.99%. The firm had revenue of $173.70 million for the quarter, compared to analyst estimates of $207.25 million. During the same quarter in the prior year, the firm earned ($0.47) EPS. The firm's revenue was down 12.6% compared to the same quarter last year. On average, equities research analysts expect that Plug Power Inc. will post -1.21 EPS for the current fiscal year.
Institutional Investors Weigh In On Plug Power
Several large investors have recently modified their holdings of the stock. Geode Capital Management LLC raised its stake in shares of Plug Power by 23.6% in the third quarter. Geode Capital Management LLC now owns 19,194,629 shares of the electronics maker's stock worth $43,388,000 after acquiring an additional 3,662,456 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Plug Power by 25.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,637,039 shares of the electronics maker's stock valued at $15,000,000 after purchasing an additional 1,354,500 shares during the period. Vontobel Holding Ltd. boosted its stake in shares of Plug Power by 44.3% in the 3rd quarter. Vontobel Holding Ltd. now owns 3,426,354 shares of the electronics maker's stock valued at $7,744,000 after purchasing an additional 1,051,400 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Plug Power during the 3rd quarter worth approximately $2,174,000. Finally, Van ECK Associates Corp raised its stake in shares of Plug Power by 23.6% during the third quarter. Van ECK Associates Corp now owns 4,232,001 shares of the electronics maker's stock worth $8,803,000 after buying an additional 809,187 shares during the last quarter. 43.48% of the stock is currently owned by institutional investors.
Plug Power Company Profile
(
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.
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