B. Riley reiterated their buy rating on shares of Plug Power, Inc. (NASDAQ:PLUG) in a report published on Thursday. They currently have a $3.50 target price on the electronics maker’s stock. B. Riley also issued estimates for Plug Power’s Q1 2018 earnings at ($0.07) EPS, Q2 2018 earnings at ($0.06) EPS and Q3 2018 earnings at ($0.04) EPS.

Several other research analysts have also weighed in on PLUG. Zacks Investment Research lowered Plug Power from a hold rating to a strong sell rating in a research report on Wednesday, July 12th. Roth Capital reaffirmed a sell rating and issued a $1.30 target price on shares of Plug Power in a research report on Sunday, July 23rd. Rodman & Renshaw reaffirmed a buy rating and issued a $4.00 target price on shares of Plug Power in a research report on Monday, July 24th. HC Wainwright reaffirmed a buy rating and issued a $4.00 target price on shares of Plug Power in a research report on Monday, July 24th. Finally, FBR & Co reissued an outperform rating and set a $3.50 price objective (up previously from $3.00) on shares of Plug Power in a report on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $3.03.

Plug Power (PLUG) traded up $0.04 during trading hours on Thursday, reaching $2.55. The company had a trading volume of 4,035,400 shares, compared to its average volume of 5,578,986. Plug Power has a 52-week low of $0.83 and a 52-week high of $3.21. The company has a current ratio of 1.29, a quick ratio of 0.68 and a debt-to-equity ratio of 0.62.

Plug Power (NASDAQ:PLUG) last posted its quarterly earnings results on Wednesday, November 8th. The electronics maker reported ($0.04) earnings per share for the quarter, meeting the consensus estimate of ($0.04). The firm had revenue of $61.43 million for the quarter, compared to analyst estimates of $54.57 million. Plug Power had a negative return on equity of 83.93% and a negative net margin of 96.27%. Plug Power’s quarterly revenue was up 249.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.07 earnings per share. equities research analysts predict that Plug Power will post -0.48 EPS for the current year.

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In other news, Director George C. Mcnamee acquired 200,000 shares of Plug Power stock in a transaction on Friday, September 15th. The stock was bought at an average price of $2.20 per share, for a total transaction of $440,000.00. Following the transaction, the director now owns 486,131 shares of the company’s stock, valued at $1,069,488.20. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 4.90% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in the business. Archford Capital Strategies LLC lifted its position in shares of Plug Power by 20,422.2% in the 2nd quarter. Archford Capital Strategies LLC now owns 1,847 shares of the electronics maker’s stock worth $115,000 after acquiring an additional 1,838 shares during the period. Nationwide Fund Advisors lifted its position in shares of Plug Power by 4.6% during the 1st 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 during the period. Aperio Group LLC lifted its position in shares of Plug Power by 6.4% during the 2nd 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 during the period. American International Group Inc. lifted its position in shares of Plug Power by 7.5% during the 1st 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 during the period. Finally, California State Teachers Retirement System lifted its position in shares of Plug Power by 5.1% during the 2nd quarter. California State Teachers Retirement System now owns 395,969 shares of the electronics maker’s stock worth $808,000 after buying an additional 19,300 shares during the period. Institutional investors own 23.68% 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.

Analyst Recommendations for Plug Power (NASDAQ:PLUG)

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