Cowen and Company set a $3.00 price target on Plug Power, Inc. (NASDAQ:PLUG) in a report issued on Monday, July 10th. The firm currently has a buy rating on the electronics maker’s stock.

PLUG has been the subject of a number of other research reports. FBR & Co set a $3.00 target price on shares of Plug Power and gave the stock an outperform rating in a research report on Wednesday, May 10th. ValuEngine upgraded shares of Plug Power from a sell rating to a hold rating in a research report on Friday, July 7th. HC Wainwright set a $4.00 price objective on shares of Plug Power and gave the company a buy rating in a research report on Thursday, April 6th. Roth Capital lowered shares of Plug Power from a neutral rating to a sell rating and lowered their price objective for the company from $2.25 to $1.30 in a research report on Wednesday, May 17th. Finally, Rodman & Renshaw increased their price objective on shares of Plug Power from $3.00 to $4.00 and gave the company a buy rating in a research report on Thursday, April 6th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $2.83.

Shares of Plug Power (NASDAQ:PLUG) traded up 5.78% on Monday, hitting $2.38. 7,064,691 shares of the stock traded hands. The firm’s market cap is $531.82 million. Plug Power has a 52 week low of $0.83 and a 52 week high of $2.70. The stock has a 50-day moving average price of $2.16 and a 200 day moving average price of $1.73.

Plug Power (NASDAQ:PLUG) last issued its earnings results on Tuesday, May 9th. The electronics maker reported ($0.13) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by $0.06. Plug Power had a negative return on equity of 68.47% and a negative net margin of 81.41%. The company had revenue of $15.20 million for the quarter, compared to the consensus estimate of $24.90 million. During the same quarter in the prior year, the company posted ($0.05) EPS. Plug Power’s revenue was down .7% compared to the same quarter last year. Equities research analysts predict that Plug Power will post ($0.24) EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Cowen and Company Reiterates $3.00 Price Target for Plug Power, Inc. (NASDAQ:PLUG)” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another site, it was stolen and reposted in violation of United States and international trademark and copyright law. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/08/07/cowen-and-company-analysts-give-plug-power-inc-nasdaqplug-a-3-00-price-target-updated-updated-updated.html.

Several large investors have recently made changes to their positions in the stock. Private Advisor Group LLC increased its stake in shares of Plug Power by 160.9% in the first quarter. Private Advisor Group LLC now owns 51,318 shares of the electronics maker’s stock valued at $115,000 after buying an additional 31,646 shares in the last quarter. Creative Planning increased its position in Plug Power by 41.5% in the second quarter. Creative Planning now owns 70,472 shares of the electronics maker’s stock valued at $144,000 after buying an additional 20,673 shares in the last quarter. American International Group Inc. increased its position 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 valued at $154,000 after buying an additional 7,773 shares in the last quarter. Karp Capital Management Corp bought a new position in Plug Power during the first quarter valued at approximately $154,000. Finally, Nationwide Fund Advisors increased its position in Plug Power by 4.6% in the first quarter. Nationwide Fund Advisors now owns 117,225 shares of the electronics maker’s stock valued at $162,000 after buying an additional 5,127 shares in the last quarter. 17.54% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Plug Power (NASDAQ:PLUG)

Receive News & Stock 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 stocks with our FREE daily email newsletter.