Could Plug Power Inc (PLUG) stock price achieve new all-time highs if its expected earnings and revenue increase?

In yesterday’s Wall Street session, Plug Power Inc (NASDAQ:PLUG) shares traded at $3.47, down -1.70% from the previous session.

As of this writing, 31 analysts cover Plug Power Inc (NASDAQ:PLUG). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $32.00 and a low of $3.50, we find $10.00. Given the previous closing price of $3.53, this indicates a potential upside of 183.29 percent. PLUG stock price is now -50.90% away from the 50-day moving average and -65.27% away from the 200-day moving average. The market capitalization of the company currently stands at $2.09B.

There are 16 analysts who have given it a hold rating, whereas 13 have given it a buy rating. Brokers who have rated the stock have averaged $11.09 as their price target over the next twelve months.

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 $0.87 million. Insiders disposed of 338,240 shares of company stock worth roughly $1.17 million over the past 1 year. A total of 10.97% of the company’s stock is owned by insiders.

Monday morning saw Plug Power Inc (NASDAQ: PLUG) opened at $3.3500. During the past 12 months, Plug Power Inc has had a low of $3.22 and a high of $18.88. As of last week, the company has a debt-to-equity ratio of 0.28, a current ratio of 2.41, and a quick ratio of 1.31. The fifty day moving average price for PLUG is $7.0668 and a two-hundred day moving average price translates $9.9909 for the stock.

The latest earnings results from Plug Power Inc (NASDAQ: PLUG) was released for Sep, 2023. The net profit margin was -106.74% and return on equity was -24.57% for PLUG. The company reported revenue of $198.71 million for the quarter, compared to $188.63 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.35 percent.

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.

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