Plug Power (PLUG) Posts Quarterly Earnings, Hits Estimates
Plug Power (NASDAQ:PLUG) released its earnings data on Thursday. The company reported ($0.04) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.04), AnalystRatings.NET reports. The company had revenue of $17.30 million for the quarter, compared to the consensus estimate of $16.73 million.
Shares of Plug Power (NASDAQ:PLUG) opened at 5.859 on Thursday. Plug Power has a 52-week low of $0.36 and a 52-week high of $11.72. The stock has a 50-day moving average of $5.06 and a 200-day moving average of $5.08. The company’s market cap is $979.1 million.
A number of research firms have recently commented on PLUG. Analysts at FBR Capital Markets initiated coverage on shares of Plug Power in a research note on Tuesday, July 15th. They set an “outperform” rating and a $8.00 price target on the stock.
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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