Plug Power Inc. (NASDAQ:PLUG - Get Free Report)'s stock price dropped 1.5% on Friday . The stock traded as low as $1.55 and last traded at $1.61. Approximately 18,959,138 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 66,625,711 shares. The stock had previously closed at $1.63.
Analyst Ratings Changes
A number of equities analysts recently weighed in on PLUG shares. Craig Hallum lowered their price target on shares of Plug Power from $4.00 to $3.00 and set a "buy" rating on the stock in a research report on Thursday, November 14th. StockNews.com upgraded Plug Power to a "sell" rating in a research report on Monday, February 10th. Canaccord Genuity Group reduced their price objective on Plug Power from $2.50 to $2.25 and set a "hold" rating on the stock in a research report on Wednesday, November 13th. HC Wainwright restated a "buy" rating and issued a $18.00 target price on shares of Plug Power in a report on Wednesday, November 13th. Finally, Seaport Res Ptn downgraded Plug Power from a "hold" rating to a "strong sell" rating in a research note on Monday, January 27th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $4.12.
Check Out Our Latest Stock Analysis on PLUG
Plug Power Price Performance
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 stock's 50-day moving average is $2.13 and its two-hundred day moving average is $2.11. The stock has a market cap of $1.37 billion, a PE ratio of -0.70 and a beta of 1.79.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of PLUG. Creative Planning boosted its holdings in Plug Power by 35.9% during the 3rd quarter. Creative Planning now owns 115,614 shares of the electronics maker's stock valued at $261,000 after acquiring an additional 30,552 shares during the period. Private Advisor Group LLC boosted its stake in shares of Plug Power by 53.2% in the third quarter. Private Advisor Group LLC now owns 65,594 shares of the electronics maker's stock valued at $148,000 after purchasing an additional 22,770 shares during the period. International Assets Investment Management LLC grew its holdings in shares of Plug Power by 135.7% in the third quarter. International Assets Investment Management LLC now owns 23,201 shares of the electronics maker's stock valued at $52,000 after purchasing an additional 13,357 shares in the last quarter. Van ECK Associates Corp boosted its position in Plug Power by 23.6% in the 3rd quarter. Van ECK Associates Corp now owns 4,232,001 shares of the electronics maker's stock valued at $8,803,000 after buying an additional 809,187 shares during the period. Finally, QRG Capital Management Inc. acquired a new stake in shares of Plug Power in the third quarter valued at $204,000. 43.48% of the stock is currently owned by hedge funds and other 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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