Plug Power PT Raised to $6.15 at Roth Capital (PLUG)
Analysts at Roth Capital upped their price target on shares of Plug Power (NASDAQ:PLUG) from $4.75 to $6.15 in a research report issued to clients and investors on Friday. The firm currently has a “neutral” rating on the stock. Roth Capital’s target price would indicate a potential upside of 0.74% from the stock’s previous close.
Plug Power (NASDAQ:PLUG) opened at 6.105 on Friday. 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 $5.11 and a 200-day moving average of $5.09. The company’s market cap is $1.020 billion. Plug Power also was the target of unusually large options trading on Thursday. Stock investors purchased 76,751 call options on the stock. This is an increase of approximately 305% compared to the average daily volume of 18,947 call options.
Plug Power (NASDAQ:PLUG) last announced 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.
Other equities research analysts have also recently issued reports about 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.
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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