Plug Power, Inc. (NASDAQ:PLUG)‘s stock had its “buy” rating reissued by equities research analysts at HC Wainwright in a research report issued to clients and investors on Thursday. They currently have a $4.00 price target on the electronics maker’s stock. HC Wainwright’s price objective would indicate a potential upside of 56.86% from the stock’s previous close.

Several other analysts have also recently issued reports on the company. B. Riley restated a “buy” rating and set a $3.50 price objective on shares of Plug Power in a research note on Thursday. FBR & Co restated a “buy” rating on shares of Plug Power in a research note on Tuesday, October 31st. Zacks Investment Research upgraded Plug Power from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Cowen and Company restated a “buy” rating and set a $3.00 price objective on shares of Plug Power in a research note on Tuesday, October 17th. Finally, Craig Hallum upped their price objective on Plug Power from $3.00 to $4.00 and gave the company a “buy” rating in a research note on Friday, October 6th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $3.03.

Shares of Plug Power (NASDAQ:PLUG) opened at $2.55 on Thursday. Plug Power has a one year low of $0.83 and a one year high of $3.21. The company has a quick ratio of 0.68, a current ratio of 1.29 and a debt-to-equity ratio of 0.62.

Plug Power (NASDAQ:PLUG) last announced its quarterly earnings data on Wednesday, November 8th. The electronics maker reported ($0.04) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.04). Plug Power had a negative return on equity of 83.93% and a negative net margin of 96.27%. The firm had revenue of $61.43 million for the quarter, compared to analysts’ expectations of $54.57 million. During the same quarter in the prior year, the firm posted $0.07 earnings per share. Plug Power’s revenue for the quarter was up 249.0% compared to the same quarter last year. analysts predict that Plug Power will post -0.36 earnings per share for the current year.

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In related news, Director George C. Mcnamee bought 200,000 shares of the stock in a transaction dated Friday, September 15th. The stock was bought at an average cost of $2.20 per share, with a total value of $440,000.00. Following the completion of the acquisition, the director now owns 486,131 shares of the company’s stock, valued at $1,069,488.20. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.90% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Swiss National Bank grew its holdings in shares of Plug Power by 15.3% during the second quarter. Swiss National Bank now owns 325,200 shares of the electronics maker’s stock valued at $663,000 after purchasing an additional 43,100 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Plug Power by 58.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,217,301 shares of the electronics maker’s stock valued at $2,484,000 after purchasing an additional 448,639 shares during the last quarter. Brighton Jones LLC bought a new position in shares of Plug Power during the second quarter valued at approximately $102,000. Geode Capital Management LLC grew its holdings in Plug Power by 30.4% in the 1st quarter. Geode Capital Management LLC now owns 1,750,660 shares of the electronics maker’s stock worth $2,415,000 after buying an additional 407,653 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in Plug Power by 44.2% in the 2nd quarter. First Trust Advisors LP now owns 232,094 shares of the electronics maker’s stock worth $473,000 after buying an additional 71,126 shares in the last quarter. 23.68% of the stock is owned by institutional investors.

About Plug Power

Plug Power Inc is a provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used for the industrial off-road market and the stationary power market. The Company’s product line includes GenKey, GenDrive, GenFuel, GenCare and ReliOn.

Analyst Recommendations for Plug Power (NASDAQ:PLUG)

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