ValuEngine Lowers Plug Power (PLUG) to Strong Sell
Plug Power (NASDAQ:PLUG) was downgraded by research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report issued on Thursday.
Other analysts have also issued reports about the stock. B. Riley restated a “buy” rating on shares of Plug Power in a research report on Wednesday, November 1st. BidaskClub lowered shares of Plug Power from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 10th. Zacks Investment Research upgraded shares of Plug Power from a “hold” rating to a “buy” rating and set a $2.50 price target on the stock in a research report on Wednesday, January 10th. HC Wainwright restated a “buy” rating and issued a $4.00 price target on shares of Plug Power in a research report on Thursday, December 7th. Finally, Canaccord Genuity began coverage on shares of Plug Power in a research report on Friday, December 1st. They issued a “buy” rating and a $5.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $3.48.
Plug Power (NASDAQ PLUG) traded up $0.08 during midday trading on Thursday, reaching $1.89. 2,497,526 shares of the company’s stock traded hands, compared to its average volume of 3,720,000. The company has a quick ratio of 0.86, a current ratio of 1.29 and a debt-to-equity ratio of 0.62. The firm has a market cap of $450.89, a price-to-earnings ratio of -3.10 and a beta of 1.58. Plug Power has a 52 week low of $0.92 and a 52 week high of $3.21.
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About Plug Power
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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