Plug Power Receives New Coverage from Analysts at FBR Capital Markets (PLUG)
Equities research analysts at FBR Capital Markets assumed coverage on shares of Plug Power (NASDAQ:PLUG) in a research note issued to investors on Monday. The firm set an “outperform” rating on the stock.
Plug Power (NASDAQ:PLUG) traded down 1.18% on Monday, hitting $4.18. 4,320,623 shares of the company’s stock traded hands. Plug Power has a 1-year low of $0.34 and a 1-year high of $11.72. The stock has a 50-day moving average of $4.41 and a 200-day moving average of $4.71. The company’s market cap is $698.6 million.
Plug Power (NASDAQ:PLUG) last released its earnings data on Wednesday, May 14th. The company reported ($0.06) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.05) by $0.01. The company had revenue of $5.60 million for the quarter, compared to the consensus estimate of $5.35 million. During the same quarter in the prior year, the company posted ($0.14) earnings per share. The company’s quarterly revenue was down 13.6% on a year-over-year basis. Analysts expect that Plug Power will post $-0.11 EPS for the current fiscal year.
A number of other firms have also recently commented on PLUG. Analysts at Roth Capital cut their price target on shares of Plug Power to $3.75 in a research note on Thursday, May 15th. They now have a “neutral” rating on the stock. Separately, analysts at Citigroup Inc. cut their price target on shares of Plug Power from $7.50 to $6.00 in a research note on Thursday, May 15th. They now have an “outperform” rating on the stock. Finally, analysts at Cowen and Company upgraded shares of Plug Power from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 15th. They now have a $6.00 price target on the stock, down previously from $7.50. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Plug Power presently has an average rating of “Buy” and an average price target of $5.04.
Plug Power Inc (NASDAQ:PLUG), is a provider of alternative energy technology focused on the design, development, commercialization and manufacture of fuel cell systems for the industrial off-road (forklift or material handling) market.
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