Plug Power (NASDAQ:PLUG) Stock Rating Upgraded by StockNews.com

Plug Power (NASDAQ:PLUG) was upgraded by investment analysts at StockNews.com to a “sell” rating in a note issued to investors on Monday.

A number of other equities research analysts have also commented on PLUG. BTIG Research lowered Plug Power from a “buy” rating to a “neutral” rating in a research report on Thursday, November 14th. Seaport Res Ptn lowered Plug Power from a “hold” rating to a “strong sell” rating in a research report on Monday, January 27th. Wells Fargo & Company dropped their target price on 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. HC Wainwright reiterated a “buy” rating and issued a $18.00 target price on shares of Plug Power in a research report on Wednesday, November 13th. Finally, Susquehanna upped their target price on Plug Power from $2.00 to $2.50 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Plug Power has an average rating of “Hold” and a consensus price target of $4.12.

Plug Power Price Performance

Shares of PLUG stock opened at $1.62 on Monday. Plug Power has a fifty-two week low of $1.60 and a fifty-two week high of $4.90. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of -0.76 and a beta of 1.79. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.95 and a current ratio of 2.08. The stock’s 50-day simple moving average is $2.31 and its 200-day simple moving average is $2.16.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PLUG. Pacific Sage Partners LLC acquired a new position in Plug Power in the 4th quarter valued at $25,000. Oppenheimer & Co. Inc. acquired a new position in Plug Power in the 4th quarter valued at $25,000. Jones Financial Companies Lllp raised its stake in Plug Power by 107.4% in the 4th quarter. Jones Financial Companies Lllp now owns 11,730 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 6,074 shares during the last quarter. Callan Family Office LLC acquired a new position in Plug Power in the 4th quarter valued at $27,000. Finally, Prio Wealth Limited Partnership acquired a new position in Plug Power in the 3rd quarter valued at $29,000. 43.48% of the stock is owned by institutional investors and hedge funds.

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.