Cowen and Company Reiterates “Outperform” Rating for Plug Power (PLUG)
A number of other analysts have also recently weighed in on PLUG. Analysts at Roth Capital raised their price target on shares of Plug Power from $4.75 to $6.15 in a research note on Friday. They now have a “neutral” rating on the stock. Separately, 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. Finally, analysts at FBR Capital Markets initiated coverage on shares of Plug Power in a research note on Monday, July 14th. They set an “outperform” rating and a $8.00 price target on the stock.
Shares of Plug Power (NASDAQ:PLUG) traded down 1.74% during mid-day trading on Friday, hitting $5.999. 7,645,164 shares of the company’s stock traded hands. 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 $5.11 and a 200-day moving average of $5.09. The company’s market cap is $1.003 billion. Plug Power also was the recipient of some unusual options trading on Thursday. Stock traders acquired 76,751 call options on the stock. This is an increase of approximately 305% compared to the typical daily volume of 18,947 call options.
Plug Power (NASDAQ:PLUG) last released its earnings data on Thursday, August 14th. The company reported ($0.04) earnings per share for the quarter, meeting the analysts’ 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. Analysts expect that Plug Power will post $-0.14 EPS 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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