Plug Power, Inc. (NASDAQ:PLUG) Receives Average Recommendation of "Hold" from Brokerages

Xavier Trudeau
Août 13, 2017

The stock now has a consensus rating of Hold and a consensus target price of $2.83. ValuEngine downgraded Plug Power from a "hold" rating to a "sell" rating in a research note on Thursday, May 18th. Previously Plug Power Inc (NASDAQ:PLUG) reported $-0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $-0.06 by $-0.09 with surprise factor of -150%. Cowen and Company set a $3.00 price objective on Plug Power and gave the stock a buy rating in a research report on Thursday, April 6th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Plug Power now has an average rating of Hold and a consensus target price of $2.83.

Following trading activity for Plug Power Inc.(NASDAQ:PLUG), we can see that the stock has moved onto today's list of most actives. The company's stock had a trading volume of 4,507,306 shares. Plug Power has a 1-year low of $0.83 and a 1-year high of $2.70. Looking at a shorter time period, shares have been seen -35.32% away from the 50 day high and -2.74% off the 50 day low price.Covering sell-side analysts have recently weighed in on shares of Fossil Group, Inc.

Market Capitalization can be thought of as the overall price to buy the company.

Plug Power (NASDAQ:PLUG) last announced its quarterly earnings data on Tuesday, August 8th.

EPS growth in next year is estimated to reach 62.50% while EPS growth estimate for this year is set at -0.60%. Plug Power had a negative return on equity of 91.34% and a negative net margin of 112.95%. The business had revenue of $15.20 million during the quarter, compared to analyst estimates of $24.90 million. During the same period in the prior year, the company posted ($0.04) earnings per share. Plug Power's quarterly revenue was up 10.5% compared to the same quarter past year. On average, equities research analysts anticipate that Plug Power will post ($0.24) earnings per share for the current fiscal year. If you are accessing this news story on another website, it was illegally copied and republished in violation of U.S. and worldwide copyright legislation. If you are viewing this story on another site, it was illegally stolen and reposted in violation of USA and global copyright & trademark laws.

HC Wainwright set a $4.00 price target on Plug Power, Inc.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Aperio Group LLC boosted its position in shares of Plug Power by 6.4% in the second quarter. Ltd. now owns 286,299 shares of the electronics maker's stock worth $395,000 after buying an additional 73,274 shares during the period. Geode Capital Management LLC now owns 1,750,660 shares of the electronics maker's stock valued at $2,415,000 after buying an additional 407,653 shares in the last quarter. Virtu KCG Holdings LLC now owns 92,497 shares of the electronics maker's stock valued at $189,000 after buying an additional 51,638 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Plug Power by 30.4% in the first quarter. American International Group Inc. boosted its position in shares of Plug Power by 7.5% in the first quarter. American International Group Inc. now owns 111,649 shares of the electronics maker's stock valued at $154,000 after buying an additional 7,773 shares during the last quarter. Creative Planning raised its position in Plug Power by 41.5% in the second quarter. Creative Planning now owns 70,472 shares of the electronics maker's stock valued at $144,000 after buying an additional 20,673 shares during the last quarter.

WARNING: "Plug Power (NASDAQ:PLUG) Getting Somewhat Favorable Media Coverage, Report Finds" was published by Transcript Daily and is the sole property of of Transcript Daily. The Company's product line includes GenKey, GenDrive, GenFuel, GenCare and ReliOn.

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