Plug Power Inc. (NASDAQ:PLUG - Get Free Report) shares traded up 1.8% during mid-day trading on Thursday . The company traded as high as $2.31 and last traded at $2.26. 11,254,695 shares changed hands during trading, a decline of 74% from the average session volume of 43,247,992 shares. The stock had previously closed at $2.22.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on PLUG shares. Wells Fargo & Company decreased their target price on shares of Plug Power from $3.00 to $2.00 and set an "equal weight" rating for the company in a research note on Thursday, November 14th. Piper Sandler decreased their price objective on shares of Plug Power from $1.60 to $1.40 and set an "underweight" rating for the company in a research report on Thursday, November 14th. Canaccord Genuity Group lowered their target price on Plug Power from $2.50 to $2.25 and set a "hold" rating for the company in a research note on Wednesday, November 13th. Jefferies Financial Group cut their price target on Plug Power from $2.20 to $2.00 and set a "hold" rating on the stock in a research note on Thursday, October 3rd. Finally, BTIG Research lowered Plug Power from a "buy" rating to a "neutral" rating in a research note on Thursday, November 14th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Plug Power has a consensus rating of "Hold" and an average price target of $4.52.
View Our Latest Stock Report on PLUG
Plug Power Trading Up 3.6 %
The firm has a market cap of $2.10 billion, a P/E ratio of -1.07 and a beta of 1.76. The business's 50-day moving average is $2.17 and its two-hundred day moving average is $2.28. The company has a current ratio of 2.08, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15.
Plug Power (NASDAQ:PLUG - Get Free Report) last posted its earnings results on Tuesday, November 12th. The electronics maker reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.01). The company had revenue of $173.70 million for the quarter, compared to the consensus estimate of $207.25 million. Plug Power had a negative net margin of 214.05% and a negative return on equity of 46.99%. The firm's revenue for the quarter was down 12.6% compared to the same quarter last year. During the same period last year, the company posted ($0.47) earnings per share. As a group, analysts expect that Plug Power Inc. will post -1.2 earnings per share for the current fiscal year.
Institutional Trading of Plug Power
A number of large investors have recently modified their holdings of PLUG. Nations Financial Group Inc. IA ADV acquired a new stake in shares of Plug Power in the second quarter valued at approximately $26,000. Aire Advisors LLC bought a new position in Plug Power in the 2nd quarter valued at about $28,000. Profund Advisors LLC acquired a new position in Plug Power during the 2nd quarter valued at about $29,000. Prio Wealth Limited Partnership bought a new stake in shares of Plug Power during the 3rd quarter worth about $29,000. Finally, Catalyst Capital Advisors LLC lifted its stake in shares of Plug Power by 79.9% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 12,681 shares of the electronics maker's stock worth $29,000 after acquiring an additional 5,631 shares during the period. Institutional investors and hedge funds own 43.48% of the company's stock.
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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