Plug Power (NASDAQ:PLUG) Shares Down 1.8% - Should You Sell?

Plug Power Inc. (NASDAQ:PLUG - Get Free Report)'s stock price traded down 1.8% during trading on Tuesday . The company traded as low as $1.88 and last traded at $1.92. 23,320,422 shares were traded during mid-day trading, a decline of 70% from the average session volume of 78,104,461 shares. The stock had previously closed at $1.95.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Seaport Res Ptn lowered Plug Power from a "hold" rating to a "strong sell" rating in a report on Monday. Wells Fargo & Company dropped their target price on Plug Power from $3.00 to $2.00 and set an "equal weight" rating on the stock in a report on Thursday, November 14th. Evercore ISI decreased their price target on Plug Power from $5.00 to $4.00 and set an "outperform" rating for the company in a report on Wednesday, November 13th. Jefferies Financial Group lowered their price objective on shares of Plug Power from $2.20 to $2.00 and set a "hold" rating on the stock in a research report on Thursday, October 3rd. Finally, Craig Hallum cut their price objective on shares of Plug Power from $4.00 to $3.00 and set a "buy" rating for the company in a research report on Thursday, November 14th. Five analysts have rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $4.46.

Plug Power Stock Performance

The firm has a market cap of $1.79 billion, a PE ratio of -0.92 and a beta of 1.79. The stock has a 50-day moving average price of $2.36 and a 200 day moving average price of $2.23. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.08 and a quick ratio of 0.95.

Plug Power (NASDAQ:PLUG - Get Free Report) last released its 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). The company had revenue of $173.70 million during the quarter, compared to analysts' expectations of $207.25 million. Plug Power had a negative net margin of 214.05% and a negative return on equity of 46.99%. Plug Power's revenue for the quarter was down 12.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.47) earnings per share. Research analysts forecast that Plug Power Inc. will post -1.2 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Pacific Sage Partners LLC acquired a new stake in Plug Power during the fourth quarter worth about $25,000. Profund Advisors LLC acquired a new stake in Plug Power during the 2nd quarter worth approximately $29,000. Prio Wealth Limited Partnership purchased a new position in Plug Power in the third quarter valued at approximately $29,000. Catalyst Capital Advisors LLC lifted its position in Plug Power by 79.9% during the third quarter. Catalyst Capital Advisors LLC now owns 12,681 shares of the electronics maker's stock valued at $29,000 after buying an additional 5,631 shares in the last quarter. Finally, First Commonwealth Financial Corp PA purchased a new stake in Plug Power during the third quarter worth approximately $29,000. 43.48% of the stock is owned by hedge funds and other institutional investors.

Plug Power Company Profile

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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