The stock of Plug Power Inc (NASDAQ:PLUG) last traded at $6.41, down -3.03% from the previous session.
Data from the available sources indicates that Plug Power Inc (NASDAQ:PLUG) is covered by 31 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $78.00 and a low of $7.50, we find $13.25. Given the previous closing price of $6.61, this indicates a potential upside of 100.45 percent. PLUG stock price is now -26.69% away from the 50-day moving average and -41.67% away from the 200-day moving average. The market capitalization of the company currently stands at $3.86B.
In total, 12 analysts have assigned it a hold rating, and 18 have given it a buy rating. Brokers who have rated the stock have averaged $17.14 as their price target over the next twelve months.
With the price target of $11, HSBC Securities recently initiated with Buy rating for Plug Power Inc (NASDAQ: PLUG).
In other news, Crespo Jose Luis, GM, MATL Handling, Key Accts sold 31,958 shares of the company’s stock on Oct 02. The stock was sold for $230,098 at an average price of $7.20. Upon completion of the transaction, the GM, MATL Handling, Key Accts now directly owns 250,609 shares in the company, valued at $1.61 million. Insiders disposed of 66,787 shares of company stock worth roughly $0.43 million over the past 1 year. A total of 10.95% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PLUG stock. A new stake in Plug Power Inc shares was purchased by UNISUPER MANAGEMENT PTY LTD during the first quarter worth $7,414,000. J. GOLDMAN & CO LP invested $3,746,000 in shares of PLUG during the first quarter. In the first quarter, SCULPTOR CAPITAL LP acquired a new stake in Plug Power Inc valued at approximately $3,205,000. EISLER CAPITAL (UK) LTD. acquired a new stake in PLUG for approximately $2,564,000. GTS SECURITIES LLC purchased a new stake in PLUG valued at around $1,672,000 in the second quarter. In total, there are 851 active investors with 53.93% ownership of the company’s stock.
During the past 12 months, Plug Power Inc has had a low of $6.16 and a high of $20.54. As of last week, the company has a debt-to-equity ratio of 0.26, a current ratio of 3.16, and a quick ratio of 2.07. The fifty day moving average price for PLUG is $8.63 and a two-hundred day moving average price translates $10.96 for the stock.
The latest earnings results from Plug Power Inc (NASDAQ: PLUG) was released for Jun, 2023. According to the Electrical Equipment & Parts Company, earnings per share came in at -$0.4, missing analysts’ expectations of -$0.26 by -0.14. This compares to -$0.30 EPS in the same period last year. The net profit margin was -95.15% and return on equity was -20.73% for PLUG. The company reported revenue of $260.18 million for the quarter, compared to $151.27 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 72.0 percent. For the current quarter, analysts expect PLUG to generate $331.11M in revenue.
Plug Power Inc(PLUG) Company Profile
Plug Power Inc. delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for supply chain and logistics applications, on-road electric vehicles, stationary power market, and others in North America and internationally. It engages in building an end-to-end green hydrogen ecosystem, including liquid green hydrogen production, storage and handling, transportation, and dispensing infrastructure. The company offers GenDrive, a hydrogen-fueled proton exchange membrane (PEM) fuel cell system that provides power to material handling electric vehicles; GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing Internet of Things-based maintenance and on-site service program for GenDrive fuel cell systems, GenSure fuel cell systems, GenFuel hydrogen storage and dispensing products, and ProGen fuel cell engines; and GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors. It also provides GenKey, an integrated turn-key solution for transitioning to fuel cell power; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; Liquefaction systems; and Electrolyzers that are hydrogen generators optimized for clean hydrogen production. The company sells its products through a direct product sales force, original equipment manufacturers, and dealer networks. Plug Power Inc. was founded in 1997 and is headquartered in Latham, New York.
