Plug Power Sees Unusually Large Options Volume (PLUG)
Plug Power (NASDAQ:PLUG) was the target of unusually large options trading activity on Thursday. Investors bought 76,751 call options on the stock, AR Network reports. This represents an increase of approximately 305% compared to the average daily volume of 18,947 call options.
Several analysts have recently commented on the stock. 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.
Shares of Plug Power (NASDAQ:PLUG) traded up 4.20% on Thursday, hitting $6.105. The stock had a trading volume of 56,041,588 shares. Plug Power has a 1-year low of $0.36 and a 1-year 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 $1.020 billion.
Plug Power (NASDAQ:PLUG) last posted its earnings results on Thursday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.04). The company had revenue of $17.30 million for the quarter, compared to the consensus estimate of $16.73 million. On average, analysts predict that Plug Power will post $-0.13 earnings per share for the current fiscal year.
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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