Plug Power, Inc. (NASDAQ:PLUG) – Equities researchers at FBR & Co raised their Q4 2017 earnings per share estimates for Plug Power in a report issued on Tuesday. FBR & Co analyst C. Driscoll now anticipates that the electronics maker will post earnings of ($0.04) per share for the quarter, up from their prior estimate of ($0.05). FBR & Co currently has a “Outperform” rating and a $3.50 target price on the stock. FBR & Co also issued estimates for Plug Power’s Q2 2018 earnings at ($0.04) EPS, Q3 2018 earnings at ($0.03) EPS, Q4 2018 earnings at ($0.03) EPS and FY2018 earnings at ($0.14) EPS.

Plug Power (NASDAQ:PLUG) last released its quarterly earnings data on Tuesday, May 9th. The electronics maker reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.07) by $0.06. Plug Power had a negative net margin of 81.41% and a negative return on equity of 68.47%. The firm had revenue of $15.20 million during the quarter, compared to the consensus estimate of $24.90 million. During the same quarter in the prior year, the company earned ($0.05) EPS. Plug Power’s quarterly revenue was down .7% on a year-over-year basis.

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A number of other equities analysts also recently weighed in on PLUG. Rodman & Renshaw lifted their target price on shares of Plug Power from $3.00 to $4.00 and gave the stock a “buy” rating in a research note on Thursday, April 6th. HC Wainwright set a $4.00 target price on shares of Plug Power and gave the stock a “buy” rating in a research note on Thursday, April 6th. Cowen and Company set a $3.00 target price on shares of Plug Power and gave the stock a “buy” rating in a research note on Thursday, April 6th. Roth Capital set a $2.00 target price on shares of Plug Power and gave the stock a “hold” rating in a research note on Saturday, April 8th. Finally, ValuEngine downgraded shares of Plug Power from a “hold” rating to a “sell” rating in a research note on Thursday, May 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. Plug Power presently has an average rating of “Hold” and a consensus target price of $2.88.

Plug Power (NASDAQ PLUG) traded down 0.6738% during mid-day trading on Thursday, hitting $2.3143. 1,702,315 shares of the company were exchanged. The company’s 50-day moving average is $2.14 and its 200 day moving average is $1.70. Plug Power has a 12-month low of $0.83 and a 12-month high of $2.70. The company’s market capitalization is $517.14 million.

A number of large investors have recently bought and sold shares of the stock. Private Advisor Group LLC increased its stake in Plug Power by 160.9% in the first quarter. Private Advisor Group LLC now owns 51,318 shares of the electronics maker’s stock valued at $115,000 after buying an additional 31,646 shares during the period. Creative Planning increased its stake in Plug Power by 41.5% in the second quarter. Creative Planning now owns 70,472 shares of the electronics maker’s stock valued at $144,000 after buying an additional 20,673 shares during the period. American International Group Inc. increased its stake in Plug Power by 7.5% in the first quarter. American International Group Inc. now owns 111,649 shares of the electronics maker’s stock valued at $154,000 after buying an additional 7,773 shares during the period. Karp Capital Management Corp bought a new stake in Plug Power during the first quarter valued at $154,000. Finally, Nationwide Fund Advisors increased its stake in Plug Power by 4.6% in the first quarter. Nationwide Fund Advisors now owns 117,225 shares of the electronics maker’s stock valued at $162,000 after buying an additional 5,127 shares during the period. 17.61% of the stock is owned by hedge funds and other institutional investors.

About Plug Power

Plug Power Inc is a provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used for the industrial off-road market and the stationary power market. The Company’s product line includes GenKey, GenDrive, GenFuel, GenCare and ReliOn.

Earnings History and Estimates for Plug Power (NASDAQ:PLUG)

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