Plug Power Inc. (NASDAQ:PLUG - Get Free Report) was up 8.3% during trading on Tuesday . The company traded as high as $1.99 and last traded at $2.02. Approximately 25,452,631 shares were traded during trading, a decline of 66% from the average daily volume of 75,052,266 shares. The stock had previously closed at $1.86.
Analyst Ratings Changes
A number of research analysts have commented on the stock. StockNews.com upgraded shares of Plug Power to a "sell" rating in a research report on Wednesday, January 22nd. Craig Hallum reduced their target price on shares of Plug Power from $4.00 to $3.00 and set a "buy" rating on the stock in a report on Thursday, November 14th. BTIG Research lowered shares of Plug Power from a "buy" rating to a "neutral" rating in a research report on Thursday, November 14th. Seaport Res Ptn cut Plug Power from a "hold" rating to a "strong sell" rating in a research note on Monday, January 27th. Finally, 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. Five research analysts have rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $4.12.
Check Out Our Latest Stock Analysis on PLUG
Plug Power Stock Performance
The business has a fifty day moving average of $2.33 and a 200 day moving average of $2.17. The company has a market cap of $1.68 billion, a P/E ratio of -0.86 and a beta of 1.79. The company has a quick ratio of 0.95, a current ratio of 2.08 and a debt-to-equity ratio of 0.15.
Plug Power (NASDAQ:PLUG - Get Free Report) last issued its quarterly earnings data 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). Plug Power had a negative net margin of 214.05% and a negative return on equity of 46.99%. The company had revenue of $173.70 million for the quarter, compared to analysts' expectations of $207.25 million. During the same period in the previous year, the firm posted ($0.47) earnings per share. The firm's revenue for the quarter was down 12.6% compared to the same quarter last year. On average, equities analysts predict that Plug Power Inc. will post -1.21 EPS for the current year.
Hedge Funds Weigh In On Plug Power
A number of institutional investors have recently bought and sold shares of PLUG. Nations Financial Group Inc. IA ADV raised its position in shares of Plug Power by 42.3% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 15,798 shares of the electronics maker's stock worth $36,000 after acquiring an additional 4,700 shares in the last quarter. Arkadios Wealth Advisors grew its stake in Plug Power by 18.2% in the third quarter. Arkadios Wealth Advisors now owns 33,020 shares of the electronics maker's stock worth $75,000 after purchasing an additional 5,075 shares during the period. PNC Financial Services Group Inc. raised its holdings in Plug Power by 53.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 15,410 shares of the electronics maker's stock worth $33,000 after purchasing an additional 5,348 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Plug Power by 0.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 803,881 shares of the electronics maker's stock valued at $1,817,000 after buying an additional 5,485 shares during the period. Finally, Compagnie Lombard Odier SCmA boosted its holdings in shares of Plug Power by 12.8% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 49,000 shares of the electronics maker's stock valued at $104,000 after buying an additional 5,550 shares in the last quarter. 43.48% of the stock is owned by 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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