Plug Power (NASDAQ:PLUG) Lifted to Buy at BidaskClub
A number of other equities research analysts also recently commented on PLUG. HC Wainwright reissued a buy rating and issued a $4.00 price objective on shares of Plug Power in a research report on Wednesday, August 7th. Zacks Investment Research raised shares of Plug Power from a sell rating to a hold rating in a research report on Thursday, August 8th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $2.96.
Plug Power stock opened at $2.80 on Wednesday. Plug Power has a 52-week low of $0.99 and a 52-week high of $2.94. The company has a current ratio of 1.49, a quick ratio of 0.78 and a debt-to-equity ratio of 66.88. The company’s 50 day moving average is $2.25 and its two-hundred day moving average is $2.36.
Large investors have recently made changes to their positions in the business. Private Advisor Group LLC increased its position in shares of Plug Power by 55.1% in the 2nd quarter. Private Advisor Group LLC now owns 15,850 shares of the electronics maker’s stock valued at $36,000 after purchasing an additional 5,633 shares during the last quarter. FormulaFolio Investments LLC increased its position in shares of Plug Power by 52.8% in the 1st quarter. FormulaFolio Investments LLC now owns 16,200 shares of the electronics maker’s stock valued at $39,000 after purchasing an additional 5,600 shares during the last quarter. Fosun International Ltd purchased a new stake in shares of Plug Power in the 2nd quarter valued at approximately $53,000. SG Americas Securities LLC purchased a new stake in shares of Plug Power in the 1st quarter valued at approximately $55,000. Finally, BerganKDV Wealth Management LLC increased its position in shares of Plug Power by 736.7% in the 1st quarter. BerganKDV Wealth Management LLC now owns 25,100 shares of the electronics maker’s stock valued at $60,000 after purchasing an additional 22,100 shares during the last quarter. 32.15% of the stock is currently owned by institutional investors.
Plug Power Company Profile
Plug Power Inc, an alternative energy technology provider, engages in the design, development, manufacture, and commercialization 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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