Plug Power Inc. (NASDAQ:PLUG - Get Free Report)'s share price was up 3.3% during mid-day trading on Thursday . The stock traded as high as $1.72 and last traded at $1.71. Approximately 14,453,743 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 70,357,977 shares. The stock had previously closed at $1.65.
Analyst Ratings Changes
Several research analysts have recently issued reports on PLUG shares. Susquehanna increased their price objective on shares of Plug Power from $2.00 to $2.50 and gave the company a "neutral" rating in a report on Thursday, January 16th. 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 report on Thursday, November 14th. HC Wainwright reiterated a "buy" rating and issued a $18.00 price objective on shares of Plug Power in a report on Wednesday, November 13th. Evercore ISI decreased their price objective on shares of Plug Power from $5.00 to $4.00 and set an "outperform" rating for the company in a report on Wednesday, November 13th. Finally, Canaccord Genuity Group decreased their price objective on shares of Plug Power from $2.50 to $2.25 and set a "hold" rating for the company in a report on Wednesday, November 13th. Five analysts have rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Plug Power has a consensus rating of "Hold" and an average target price of $4.12.
View Our Latest Research Report on Plug Power
Plug Power Stock Performance
The company has a current ratio of 2.08, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15. The company has a market cap of $1.60 billion, a PE ratio of -0.82 and a beta of 1.79. The business's 50-day simple moving average is $2.28 and its 200-day simple moving average is $2.14.
Institutional Investors Weigh In On Plug Power
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pacific Sage Partners LLC acquired a new position in shares of Plug Power during the 4th quarter worth $25,000. Oppenheimer & Co. Inc. acquired a new position in shares of Plug Power during the 4th quarter worth $25,000. Jones Financial Companies Lllp increased its stake in shares of Plug Power by 107.4% during the 4th quarter. Jones Financial Companies Lllp now owns 11,730 shares of the electronics maker's stock worth $25,000 after purchasing an additional 6,074 shares during the last quarter. Callan Family Office LLC acquired a new position in shares of Plug Power during the 4th quarter worth $27,000. Finally, Catalyst Capital Advisors LLC increased its stake in shares of Plug Power by 79.9% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 12,681 shares of the electronics maker's stock worth $29,000 after purchasing an additional 5,631 shares during the last quarter. Hedge funds and other institutional investors own 43.48% of the company's stock.
About Plug Power
(
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.
Further Reading
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