Plug Power Inc. (NASDAQ:PLUG – Get Free Report) Director George C. Mcnamee sold 10,000 shares of Plug Power stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $2.37, for a total transaction of $23,700.00. Following the sale, the director now directly owns 683,444 shares of the company’s stock, valued at approximately $1,619,762.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Plug Power Stock Down 6.9 %
Plug Power stock opened at $2.16 on Monday. The firm has a market capitalization of $1.60 billion, a PE ratio of -0.90 and a beta of 1.81. The company’s 50-day moving average is $2.73 and its 200-day moving average is $3.12. Plug Power Inc. has a fifty-two week low of $2.14 and a fifty-two week high of $11.97. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.94 and a quick ratio of 0.87.
Plug Power (NASDAQ:PLUG – Get Free Report) last released its quarterly earnings data on Thursday, May 9th. The electronics maker reported ($0.43) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.11). The firm had revenue of $120.26 million for the quarter, compared to analyst estimates of $162.92 million. Plug Power had a negative return on equity of 43.10% and a negative net margin of 181.96%. Sell-side analysts anticipate that Plug Power Inc. will post -1.1 earnings per share for the current year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
PLUG has been the topic of a number of recent analyst reports. Susquehanna reduced their price target on shares of Plug Power from $3.50 to $3.00 and set a “neutral” rating on the stock in a research report on Friday, May 10th. Piper Sandler reduced their price target on shares of Plug Power from $2.50 to $2.40 and set an “underweight” rating on the stock in a research report on Monday, July 22nd. Canaccord Genuity Group reduced their price target on shares of Plug Power from $4.00 to $3.00 and set a “hold” rating on the stock in a research report on Monday, May 13th. B. Riley raised shares of Plug Power to a “strong-buy” rating in a research report on Tuesday, June 25th. Finally, HC Wainwright reissued a “buy” rating and set a $18.00 price target on shares of Plug Power in a research report on Tuesday, May 14th. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $5.48.
Get Our Latest Stock Report on PLUG
About Plug Power
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.
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