Plug Power Inc. (PLUG) Stock Rating Reaffirmed by FBR & Co
Plug Power Inc. (NASDAQ:PLUG)‘s stock had its “outperform” rating restated by analysts at FBR & Co in a research note issued to investors on Sunday. They presently have a $2.50 price target on the stock. FBR & Co’s price target would indicate a potential upside of 68.92% from the stock’s current price.
A number of other equities analysts have also recently commented on the company. Zacks Investment Research upgraded Plug Power from a “sell” rating to a “hold” rating in a report on Friday, July 29th. Roth Capital lifted their price target on Plug Power from $1.75 to $2.00 and gave the stock a “neutral” rating in a report on Monday, August 15th.
Shares of Plug Power (NASDAQ:PLUG) traded down 1.99% during trading on Friday, hitting $1.48. The stock had a trading volume of 4,769,758 shares. Plug Power has a 12-month low of $1.18 and a 12-month high of $2.35. The stock’s 50-day moving average is $1.55 and its 200-day moving average is $1.68. The stock’s market capitalization is $267.07 million.
Plug Power (NASDAQ:PLUG) last announced its quarterly earnings data on Monday, November 7th. The company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. The company earned $17.60 million during the quarter, compared to the consensus estimate of $34.84 million. Plug Power had a negative net margin of 69.28% and a negative return on equity of 36.60%. Plug Power’s revenue was down 43.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.06) EPS. Analysts predict that Plug Power will post ($0.26) EPS for the current fiscal year.
Several large investors have recently modified their holdings of PLUG. A.R.T. Advisors LLC purchased a new stake in shares of Plug Power during the second quarter worth about $259,000. State Street Corp boosted its stake in shares of Plug Power by 1.2% in the second quarter. State Street Corp now owns 2,759,700 shares of the company’s stock worth $5,134,000 after buying an additional 31,380 shares in the last quarter. Teachers Advisors Inc. boosted its stake in shares of Plug Power by 3.5% in the second quarter. Teachers Advisors Inc. now owns 311,512 shares of the company’s stock worth $579,000 after buying an additional 10,558 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Plug Power by 4.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,499,512 shares of the company’s stock worth $8,369,000 after buying an additional 210,460 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its stake in shares of Plug Power by 6.4% in the second quarter. BlackRock Fund Advisors now owns 4,703,322 shares of the company’s stock worth $8,748,000 after buying an additional 282,421 shares in the last quarter. Institutional investors own 18.35% of the company’s stock.
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.
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