Plug Power (NASDAQ:PLUG) Shares Down 3.4% - Should You Sell?

Shares of Plug Power Inc. (NASDAQ:PLUG - Get Free Report) traded down 3.4% during mid-day trading on Friday . The stock traded as low as $1.84 and last traded at $1.85. 22,291,863 shares traded hands during trading, a decline of 69% from the average session volume of 72,497,445 shares. The stock had previously closed at $1.91.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. BTIG Research cut Plug Power from a "buy" rating to a "neutral" rating in a report on Thursday, November 14th. Susquehanna raised their price objective on Plug Power from $2.00 to $2.50 and gave the stock a "neutral" rating in a report on Thursday, January 16th. Seaport Res Ptn cut Plug Power from a "hold" rating to a "strong sell" rating in a report on Monday, January 27th. Evercore ISI decreased their price objective on Plug Power from $5.00 to $4.00 and set an "outperform" rating on the stock in a report on Wednesday, November 13th. Finally, HC Wainwright reaffirmed a "buy" rating and issued a $18.00 target price on shares of Plug Power in a research report on Wednesday, November 13th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Plug Power currently has a consensus rating of "Hold" and an average target price of $4.12.

Plug Power Price Performance

The company has a quick ratio of 0.95, a current ratio of 2.08 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of -0.80 and a beta of 1.79. The stock's 50 day moving average price is $2.32 and its two-hundred day moving average price is $2.16.

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 business had revenue of $173.70 million for the quarter, compared to analyst estimates of $207.25 million. Plug Power had a negative return on equity of 46.99% and a negative net margin of 214.05%. The company's quarterly revenue was down 12.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.47) earnings per share. Analysts anticipate that Plug Power Inc. will post -1.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pacific Sage Partners LLC acquired a new stake in shares of Plug Power during the fourth quarter worth approximately $25,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Plug Power during the fourth quarter worth approximately $25,000. Jones Financial Companies Lllp increased its holdings in shares of Plug Power by 107.4% during the fourth quarter. Jones Financial Companies Lllp now owns 11,730 shares of the electronics maker's stock worth $25,000 after buying an additional 6,074 shares in the last quarter. Callan Family Office LLC acquired a new stake in shares of Plug Power in the fourth quarter valued at approximately $27,000. Finally, Prio Wealth Limited Partnership acquired a new stake in shares of Plug Power in the third quarter valued at approximately $29,000. Institutional investors own 43.48% of the company's stock.

About Plug Power

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.