Plug Power (NASDAQ:PLUG) Upgraded at StockNews.com

StockNews.com upgraded shares of Plug Power (NASDAQ:PLUG) to a sell rating in a report released on Monday morning.

PLUG has been the topic of several other research reports. Wells Fargo & Company reduced their price objective on shares of Plug Power from $3.00 to $2.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 14th. Evercore ISI decreased their price target on shares of Plug Power from $5.00 to $4.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th. Craig Hallum dropped their price objective on shares of Plug Power from $4.00 to $3.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Seaport Res Ptn cut Plug Power from a “hold” rating to a “strong sell” rating in a report on Monday, January 27th. Finally, Canaccord Genuity Group dropped their price target on Plug Power from $2.50 to $2.25 and set a “hold” rating for the company in a research note on Wednesday, November 13th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $4.12.

Plug Power Price Performance

NASDAQ:PLUG opened at $1.65 on Monday. The company has a quick ratio of 0.95, a current ratio of 2.08 and a debt-to-equity ratio of 0.15. The business’s 50-day simple moving average is $2.30 and its two-hundred day simple moving average is $2.15. The stock has a market cap of $1.50 billion, a PE ratio of -0.77 and a beta of 1.79. Plug Power has a 52 week low of $1.57 and a 52 week high of $4.90.

Plug Power (NASDAQ:PLUG) last released its earnings results on Tuesday, November 12th. The electronics maker reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.01). Plug Power had a negative return on equity of 46.99% and a negative net margin of 214.05%. The business had revenue of $173.70 million for the quarter, compared to analysts’ expectations of $207.25 million. During the same quarter in the prior year, the business posted ($0.47) EPS. The business’s revenue for the quarter was down 12.6% compared to the same quarter last year. As a group, analysts forecast that Plug Power will post -1.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Pacific Sage Partners LLC purchased a new position in shares of Plug Power during the 4th quarter worth about $25,000. Oppenheimer & Co. Inc. bought a new stake in Plug Power in the fourth quarter worth about $25,000. Jones Financial Companies Lllp boosted its position in shares of Plug Power by 107.4% during the fourth quarter. Jones Financial Companies Lllp now owns 11,730 shares of the electronics maker’s stock valued at $25,000 after buying an additional 6,074 shares during the period. Callan Family Office LLC bought a new position in shares of Plug Power during the fourth quarter valued at approximately $27,000. Finally, Prio Wealth Limited Partnership purchased a new stake in shares of Plug Power in the third quarter worth approximately $29,000. Institutional investors own 43.48% of the company’s stock.

Plug Power Company Profile

Plug Power Inc develops hydrogen and fuel cell product solutions in North America, Europe, Asia, and internationally. The company offers GenDrive, a hydrogen-fueled proton exchange membrane (PEM) fuel cell system that provides power to material handling electric vehicles; 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; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; 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 GenKey, an integrated turn-key solution for transitioning to fuel cell power.