In Tuesday’s Wall Street session, Plug Power Inc (NASDAQ:PLUG) shares traded at $0.79, up 1.68% from the previous session.
PLUG stock price is now -25.10% away from the 50-day moving average and -56.47% away from the 200-day moving average. The market capitalization of the company currently stands at $855.24M.
With the price target maintained at $1, Seaport Research Partners recently Downgraded its rating from Neutral to Sell for Plug Power Inc (NASDAQ: PLUG). , while ‘Citigroup’ rates the stock as ‘Sell’
In other news, MIDDLETON PAUL B, CFO & Executive VP bought 350,000 shares of the company’s stock on May 16 ’25. The stock was bought for $250,390 at an average price of $0.72. Upon completion of the transaction, the CFO & Executive VP now directly owns 1,908,064 shares in the company, valued at $1.51 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 01 ’24, Director MCNAMEE GEORGE C sold 10,000 shares of the business’s stock. A total of $20,916 was realized by selling the stock at an average price of $2.09. This leaves the insider owning 684,782 shares of the company worth $0.54 million. A total of 6.57% of the company’s stock is owned by insiders.
During the past 12 months, Plug Power Inc has had a low of $0.69 and a high of $3.55. As of last week, the company has a debt-to-equity ratio of 0.53, a current ratio of 1.95, and a quick ratio of 1.07.
The net profit margin was -312.29% and return on equity was -83.81% for PLUG. The company reported revenue of $133.67 million for the quarter, compared to $120.26 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.15 percent.
