Plug Power Inc. (NASDAQ:PLUG) Receives $4.12 Consensus Target Price from Brokerages

Shares of Plug Power Inc. (NASDAQ:PLUG) have been assigned a consensus rating of “Hold” from the eighteen research firms that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $4.12.

PLUG has been the topic of several research analyst reports. Susquehanna lifted their price target on Plug Power from $2.00 to $2.50 and gave the company a “neutral” rating in a research report on Thursday, January 16th. HC Wainwright reaffirmed a “buy” rating and set a $18.00 target price on shares of Plug Power in a research note on Wednesday, November 13th. Craig Hallum dropped their price target on shares of Plug Power from $4.00 to $3.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. BTIG Research downgraded shares of Plug Power from a “buy” rating to a “neutral” rating in a report on Thursday, November 14th. Finally, Wells Fargo & Company lowered their price objective on shares of Plug Power from $3.00 to $2.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 14th.

Plug Power Stock Performance

Plug Power stock opened at $1.65 on Thursday. Plug Power has a 52 week low of $1.57 and a 52 week high of $4.90. The company’s 50-day moving average price is $2.30 and its two-hundred day moving average price is $2.15. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.08 and a quick ratio of 0.95.

Plug Power (NASDAQ:PLUG) last posted its quarterly earnings data on Tuesday, November 12th. The electronics maker reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.01). The company had revenue of $173.70 million for the quarter, compared to analyst estimates of $207.25 million. Plug Power had a negative net margin of 214.05% and a negative return on equity of 46.99%. Plug Power’s revenue was down 12.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.47) EPS. As a group, analysts expect that Plug Power will post -1.21 EPS for the current fiscal year.

Institutional Trading of Plug Power

Large investors have recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. acquired a new stake in shares of Plug Power in the 4th quarter valued at $25,000. Pacific Sage Partners LLC bought a new position in Plug Power during the fourth quarter valued at about $25,000. Jones Financial Companies Lllp lifted its position in shares of Plug Power by 107.4% in 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 during the last quarter. Callan Family Office LLC bought a new stake in shares of Plug Power during the 4th quarter worth about $27,000. Finally, Prio Wealth Limited Partnership acquired a new position in shares of Plug Power during the 3rd quarter valued at about $29,000. 43.48% of the stock is owned by institutional investors.

Plug Power Company Profile

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.