Plug Power (NASDAQ: PLUG) has recently received a number of price target changes and ratings updates:

  • 11/14/2017 – Plug Power was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Plug Power Inc. is a leading provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used primarily for the material handling and stationary power market. They are focused on proton exchange membrane, or PEM, fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and associated hydrogen storage and dispensing infrastructure from which multiple products are available. They sell and continue to develop fuel cell product solutions to replace lead-acid batteries in material handling vehicles and industrial trucks for some of North America’s largest distribution and manufacturing businesses. Their current product line includes: GenDrive, GenFuel, GenCare, ReliOn, and GenKey. “
  • 11/9/2017 – Plug Power had its “buy” rating reaffirmed by analysts at HC Wainwright. They now have a $4.00 price target on the stock.
  • 11/9/2017 – Plug Power had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $3.50 price target on the stock.
  • 11/1/2017 – Plug Power had its “buy” rating reaffirmed by analysts at B. Riley.
  • 10/31/2017 – Plug Power had its “buy” rating reaffirmed by analysts at FBR & Co.
  • 10/17/2017 – Plug Power had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $3.00 price target on the stock.
  • 10/17/2017 – Plug Power was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Plug Power Inc. is a leading provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used primarily for the material handling and stationary power market. They are focused on proton exchange membrane, or PEM, fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and associated hydrogen storage and dispensing infrastructure from which multiple products are available. They sell and continue to develop fuel cell product solutions to replace lead-acid batteries in material handling vehicles and industrial trucks for some of North America’s largest distribution and manufacturing businesses. Their current product line includes: GenDrive, GenFuel, GenCare, ReliOn, and GenKey. “
  • 10/6/2017 – Plug Power had its price target raised by analysts at Craig Hallum from $3.00 to $4.00. They now have a “buy” rating on the stock.
  • 9/26/2017 – Plug Power was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Plug Power Inc. is a leading provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used primarily for the material handling and stationary power market. They are focused on proton exchange membrane, or PEM, fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and associated hydrogen storage and dispensing infrastructure from which multiple products are available. They sell and continue to develop fuel cell product solutions to replace lead-acid batteries in material handling vehicles and industrial trucks for some of North America’s largest distribution and manufacturing businesses. Their current product line includes: GenDrive, GenFuel, GenCare, ReliOn, and GenKey. “
  • 9/17/2017 – Plug Power had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $3.00 price target on the stock.

Plug Power, Inc. (NASDAQ:PLUG) opened at $2.28 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.86 and a current ratio of 1.29. Plug Power, Inc. has a twelve month low of $0.83 and a twelve month high of $3.21.

Plug Power (NASDAQ:PLUG) last released its quarterly earnings data on Wednesday, November 8th. The electronics maker reported ($0.04) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.04). Plug Power had a negative return on equity of 83.93% and a negative net margin of 96.27%. The firm had revenue of $61.43 million for the quarter, compared to the consensus estimate of $54.57 million. During the same quarter in the previous year, the business earned $0.07 earnings per share. The company’s quarterly revenue was up 249.0% on a year-over-year basis. sell-side analysts anticipate that Plug Power, Inc. will post -0.47 EPS for the current year.

In other news, Director George C. Mcnamee acquired 200,000 shares of the business’s stock in a transaction on Friday, September 15th. The shares were acquired at an average cost of $2.20 per share, with a total value of $440,000.00. Following the transaction, the director now owns 486,131 shares in the company, valued at approximately $1,069,488.20. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 4.90% of the stock is owned by insiders.

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.

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