Plug Power, Inc. (NASDAQ:PLUG) posted its quarterly earnings results on Tuesday. The electronics maker reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.03, Briefing.com reports. The company had revenue of $22.60 million during the quarter, compared to analyst estimates of $28.58 million. Plug Power had a negative return on equity of 68.47% and a negative net margin of 81.41%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.04) earnings per share.

Plug Power (PLUG) opened at 2.17 on Wednesday. The company’s market capitalization is $484.89 million. The firm has a 50 day moving average of $2.17 and a 200-day moving average of $1.74. Plug Power has a 1-year low of $0.83 and a 1-year high of $2.70.

Several hedge funds have recently added to or reduced their stakes in the company. Nationwide Fund Advisors increased its stake in Plug Power by 4.6% in the first quarter. Nationwide Fund Advisors now owns 117,225 shares of the electronics maker’s stock worth $162,000 after buying an additional 5,127 shares in the last quarter. Teachers Advisors LLC increased its stake in Plug Power by 1.8% in the fourth quarter. Teachers Advisors LLC now owns 385,028 shares of the electronics maker’s stock worth $462,000 after buying an additional 6,680 shares in the last quarter. Aperio Group LLC increased its stake in Plug Power by 6.4% in the second quarter. Aperio Group LLC now owns 119,061 shares of the electronics maker’s stock worth $243,000 after buying an additional 7,166 shares in the last quarter. American International Group Inc. increased its stake in Plug Power by 7.5% in the first quarter. American International Group Inc. now owns 111,649 shares of the electronics maker’s stock worth $154,000 after buying an additional 7,773 shares in the last quarter. Finally, Creative Planning increased its stake in Plug Power by 41.5% in the second quarter. Creative Planning now owns 70,472 shares of the electronics maker’s stock worth $144,000 after buying an additional 20,673 shares in the last quarter. 17.54% of the stock is currently owned by hedge funds and other institutional investors.

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A number of research firms have commented on PLUG. BidaskClub cut shares of Plug Power from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research upgraded shares of Plug Power from a “hold” rating to a “buy” rating and set a $2.50 price target for the company in a report on Friday, July 28th. FBR & Co restated an “outperform” rating and issued a $3.50 price target (up from $3.00) on shares of Plug Power in a report on Tuesday, July 25th. HC Wainwright restated a “buy” rating and issued a $4.00 price target on shares of Plug Power in a report on Monday, July 24th. Finally, Rodman & Renshaw restated a “buy” rating and issued a $4.00 price target on shares of Plug Power in a report on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $2.83.

Plug Power Company Profile

Plug Power Inc is a provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used for the industrial off-road market and the stationary power market. The Company’s product line includes GenKey, GenDrive, GenFuel, GenCare and ReliOn.

Earnings History for Plug Power (NASDAQ:PLUG)

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