Plug Power Inc (PLUG)

[Goku83]

*******Price Target $4.00*******

Plug Power Inc (NASDAQ:PLUG) has been assigned a $4.00 price target by HC Wainwright in a research report issued on Thursday. The brokerage currently has a “buy” rating on the electronics maker’s stock. HC Wainwright’s target price indicates a potential upside of 80.18% from the company’s previous close.

PLUG has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Plug Power from a “sell” rating to a “hold” rating in a research report on Saturday, March 11th. Morgan Stanley reduced their price target on shares of Plug Power from $3.00 to $1.50 and set an “equal weight” rating on the stock in a research report on Tuesday, February 28th. FBR & Co increased their price target on shares of Plug Power from $2.50 to $3.00 and gave the company an “outperform” rating in a research report on Thursday, April 6th. Cowen and Company reiterated an “outperform” rating and set a $1.75 price target on shares of Plug Power in a research report on Saturday, March 11th. Finally, Rodman & Renshaw raised their target price on shares of Plug Power from $3.00 to $4.00 and gave the stock a “buy” rating in a report on Thursday, April 6th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $2.71.

Analyst Recommendations for Plug Power (NASDAQ:PLUG)

Plug Power (NASDAQ:PLUG) traded down 2.387% during mid-day trading on Thursday, reaching $2.167. 2,532,742 shares of the company were exchanged. The stock’s market capitalization is $414.30 million. Plug Power has a 12-month low of $0.83 and a 12-month high of $2.70. The company’s 50 day moving average price is $1.54 and its 200-day moving average price is $1.39.





Plug Power (NASDAQ:PLUG) last announced its earnings results on Thursday, March 9th. The electronics maker reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by $0.02. The company earned $32.60 million during the quarter, compared to analysts’ expectations of $32.54 million. Plug Power had a negative net margin of 69.28% and a negative return on equity of 36.60%. The company’s revenue for the quarter was down 15.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.05) earnings per share. On average, equities research analysts forecast that Plug Power will post ($0.20) earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Two Sigma Securities LLC bought a new stake in Plug Power during the third quarter valued at $174,000. Aperio Group LLC boosted its stake in Plug Power by 15.3% in the third quarter. Aperio Group LLC now owns 103,905 shares of the electronics maker’s stock valued at $178,000 after buying an additional 13,765 shares during the period. KBC Group NV boosted its stake in Plug Power by 11.2% in the third quarter. KBC Group NV now owns 164,010 shares of the electronics maker’s stock valued at $280,000 after buying an additional 16,524 shares during the period. Asset Management One Co. Ltd. purchased a new position in shares of Plug Power during the fourth quarter valued at approximately $256,000. Finally, Teachers Advisors LLC raised its position in shares of Plug Power by 1.8% in the fourth quarter. Teachers Advisors LLC now owns 385,028 shares of the electronics maker’s stock valued at $462,000 after buying an additional 6,680 shares in the last quarter. Institutional investors and hedge funds own 17.83% of the company’s stock.

https://www.thecerbatgem.com/2017/04/21/plug-power-inc-plug-given-a-4-00-price-target-at-hc-wainwright-updated.html