Plug Power (NASDAQ:PLUG)‘s stock had its “buy” rating restated by B. Riley in a report issued on Thursday. They currently have a $3.50 price target on the electronics maker’s stock. B. Riley’s target price indicates a potential upside of 49.57% from the company’s current price.

PLUG has been the topic of several other research reports. Zacks Investment Research lowered Plug Power from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. HC Wainwright reaffirmed a “buy” rating and set a $4.00 target price on shares of Plug Power in a research note on Thursday. Cowen reaffirmed a “buy” rating and set a $3.00 target price on shares of Plug Power in a research note on Sunday, September 17th. FBR & Co reaffirmed a “buy” rating on shares of Plug Power in a research note on Tuesday, October 31st. Finally, ValuEngine downgraded Plug Power from a “hold” rating to a “sell” rating in a research note on Monday. Four research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $3.23.

Plug Power (NASDAQ:PLUG) traded up $0.01 during trading on Thursday, reaching $2.34. The company’s stock had a trading volume of 2,717,800 shares, compared to its average volume of 7,198,553. 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 has a 1-year low of $0.83 and a 1-year 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 business had revenue of $61.43 million for the quarter, compared to analyst estimates of $54.57 million. During the same quarter in the prior year, the firm posted $0.07 EPS. The business’s quarterly revenue was up 249.0% compared to the same quarter last year. sell-side analysts expect that Plug Power will post -0.51 earnings per share for the current year.

In other news, Director George C. Mcnamee acquired 200,000 shares of Plug Power stock in a transaction that occurred on Friday, September 15th. The stock was purchased at an average cost of $2.20 per share, with a total value of $440,000.00. Following the purchase, the director now owns 486,131 shares in the company, valued at $1,069,488.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 4.90% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the business. Archford Capital Strategies LLC increased its stake in shares of Plug Power by 20,422.2% in the 2nd quarter. Archford Capital Strategies LLC now owns 1,847 shares of the electronics maker’s stock worth $115,000 after acquiring an additional 1,838 shares during the last quarter. Aperio Group LLC increased its stake in shares of Plug Power by 6.4% in the 2nd quarter. Aperio Group LLC now owns 119,061 shares of the electronics maker’s stock worth $243,000 after acquiring an additional 7,166 shares during the last quarter. Nationwide Fund Advisors increased its stake in shares of Plug Power by 8.4% in the 2nd quarter. Nationwide Fund Advisors now owns 127,090 shares of the electronics maker’s stock worth $259,000 after acquiring an additional 9,865 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of Plug Power by 5.1% in the 2nd quarter. California State Teachers Retirement System now owns 395,969 shares of the electronics maker’s stock worth $808,000 after acquiring an additional 19,300 shares during the last quarter. Finally, Voya Investment Management LLC increased its stake in shares of Plug Power by 23.2% in the 2nd quarter. Voya Investment Management LLC now owns 105,772 shares of the electronics maker’s stock worth $216,000 after acquiring an additional 19,904 shares during the last quarter. 24.43% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Plug Power (NASDAQ:PLUG)

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