Plug Power Director Sells $32,025,721 in Stock (PLUG)
Plug Power (NASDAQ:PLUG) Director Liquide Investissements D’ Air unloaded 5,521,676 shares of the stock on the open market in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $5.80, for a total value of $32,025,720.80. Following the completion of the sale, the director now directly owns 39,324 shares of the company’s stock, valued at approximately $228,079. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Plug Power (NASDAQ:PLUG) traded down 3.65% on Thursday, hitting $5.55. The stock had a trading volume of 12,174,459 shares. Plug Power has a 52 week low of $0.45 and a 52 week high of $11.72. The stock’s 50-day moving average is $5.41 and its 200-day moving average is $5.29. The company’s market cap is $928.8 million.
Plug Power (NASDAQ:PLUG) last issued its quarterly earnings data 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. Analysts expect that Plug Power will post $-0.14 EPS for the current fiscal year.
A number of analysts have recently weighed in on PLUG shares. Analysts at Cowen and Company reiterated an “outperform” rating on shares of Plug Power in a research note on Friday, August 15th. Separately, 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, August 15th. They now have a “neutral” rating on the stock. Finally, 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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