Andrew Marsh Purchases 12,286 Shares of Plug Power Inc (PLUG) Stock
Plug Power Inc (NASDAQ:PLUG) CEO Andrew Marsh bought 12,286 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was purchased at an average price of $2.44 per share, with a total value of $29,977.84. Following the transaction, the chief executive officer now owns 465,145 shares in the company, valued at approximately $1,134,953.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of PLUG traded down $0.39 during mid-day trading on Friday, hitting $2.20. The stock had a trading volume of 14,996,544 shares, compared to its average volume of 4,226,033. The firm has a market cap of $555.47 million, a price-to-earnings ratio of -6.11 and a beta of 1.72. The company has a current ratio of 1.06, a quick ratio of 0.60 and a debt-to-equity ratio of 10.93. Plug Power Inc has a fifty-two week low of $0.99 and a fifty-two week high of $2.65.
Plug Power (NASDAQ:PLUG) last issued its earnings results on Thursday, March 7th. The electronics maker reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.03). Plug Power had a negative return on equity of 224.02% and a negative net margin of 42.87%. The firm had revenue of $59.80 million during the quarter, compared to analyst estimates of $58.40 million. During the same quarter in the previous year, the business posted ($0.08) EPS. Plug Power’s revenue was up 77.4% compared to the same quarter last year. On average, sell-side analysts predict that Plug Power Inc will post -0.23 earnings per share for the current fiscal year.
PLUG has been the subject of several research reports. Zacks Investment Research upgraded Plug Power from a “hold” rating to a “buy” rating and set a $2.00 target price for the company in a research report on Saturday, November 17th. BidaskClub lowered Plug Power from a “hold” rating to a “sell” rating in a research report on Wednesday, December 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $2.58.
Plug Power Company Profile
Plug Power Inc, an alternative energy technology provider, engages in the design, development, commercialization, and manufacture of hydrogen and fuel cell systems for the material handling and stationary power markets primarily in North America and Europe. It focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and related hydrogen storage and dispensing infrastructure.
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