Plug Power, Inc. (PLUG) PT Set at $4.00 by HC Wainwright
Plug Power, Inc. (NASDAQ:PLUG) received a $4.00 price target from research analysts at HC Wainwright in a report issued on Wednesday. The firm presently has a “buy” rating on the electronics maker’s stock. HC Wainwright’s price objective would indicate a potential upside of 84.33% from the stock’s previous close.
A number of other research analysts have also recently commented on the stock. BidaskClub cut shares of Plug Power from a “hold” rating to a “sell” rating in a research note 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 research note on Friday, July 28th. FBR & Co restated an “outperform” rating and set a $3.50 price target (up previously from $3.00) on shares of Plug Power in a research note on Tuesday, July 25th. Rodman & Renshaw restated a “buy” rating and set a $4.00 price target on shares of Plug Power in a research note on Monday, July 24th. Finally, Roth Capital restated a “sell” rating and set a $1.30 price target on shares of Plug Power in a research note on Sunday, July 23rd. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $2.83.
Plug Power (NASDAQ:PLUG) opened at 2.17 on Wednesday. Plug Power has a 12-month low of $0.83 and a 12-month high of $2.70. The company’s market capitalization is $484.89 million. The stock’s 50 day moving average price is $2.17 and its 200 day moving average price is $1.74.
Plug Power (NASDAQ:PLUG) last announced its quarterly earnings results on Tuesday, August 8th. The electronics maker reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.03. The business had revenue of $22.60 million for the quarter, compared to the consensus estimate of $28.58 million. Plug Power had a negative return on equity of 68.47% and a negative net margin of 81.41%. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.04) EPS. On average, equities research analysts anticipate that Plug Power will post ($0.24) earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This article was originally posted by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this article can be accessed at https://www.dailypolitical.com/2017/08/09/plug-power-inc-plug-pt-set-at-4-00-by-hc-wainwright.html.
Several hedge funds have recently bought and sold shares of PLUG. Brighton Jones LLC purchased a new stake in Plug Power during the second quarter valued at $102,000. Bank of New York Mellon Corp raised its stake in Plug Power by 20.4% in the second quarter. Bank of New York Mellon Corp now owns 942,878 shares of the electronics maker’s stock valued at $1,923,000 after buying an additional 159,843 shares during the last quarter. Rhumbline Advisers raised its stake in Plug Power by 13.3% in the second quarter. Rhumbline Advisers now owns 241,748 shares of the electronics maker’s stock valued at $493,000 after buying an additional 28,442 shares during the last quarter. First Trust Advisors LP raised its stake in Plug Power by 44.2% in the second quarter. First Trust Advisors LP now owns 232,094 shares of the electronics maker’s stock valued at $473,000 after buying an additional 71,126 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in Plug Power by 58.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,217,301 shares of the electronics maker’s stock valued at $2,484,000 after buying an additional 448,639 shares during the last quarter. 17.54% of the stock is owned by institutional investors.
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.
Receive News & Ratings for Plug Power Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plug Power Inc. and related companies with MarketBeat.com's FREE daily email newsletter.