Plug Power (PLUG) Given Daily News Sentiment Score of 0.11
Press coverage about Plug Power (NASDAQ:PLUG) has been trending somewhat positive on Sunday, according to Accern. The research group scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Plug Power earned a news impact score of 0.11 on Accern’s scale. Accern also assigned news headlines about the electronics maker an impact score of 44.8546055405721 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Where Plug Power Inc (PLUG) Stands on Analytical Review Chart? – ExpertGazette (expertgazette.com)
- Is Plug Power, Inc. a Buy? – Madison.com (host.madison.com)
- Acromag’s New Ethernet Communication Modules Offer Optional Power Over Ethernet (itbusinessnet.com)
- Why Plug Power Inc's Shares Popped 12% Today (finance.yahoo.com)
Plug Power (PLUG) traded up 4.05% during trading on Friday, reaching $2.57. The company’s stock had a trading volume of 5,291,212 shares. The firm’s market capitalization is $584.74 million. Plug Power has a 52 week low of $0.83 and a 52 week high of $2.82. The firm has a 50-day moving average price of $2.18 and a 200-day moving average price of $2.00.
Plug Power (NASDAQ:PLUG) last posted its quarterly earnings results on Tuesday, August 8th. The electronics maker reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.03). The company had revenue of $22.60 million during the quarter, compared to the consensus estimate of $28.58 million. Plug Power had a negative net margin of 112.95% and a negative return on equity of 86.35%. Plug Power’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.04) EPS. On average, equities analysts anticipate that Plug Power will post ($0.32) EPS for the current fiscal year.
Several research firms recently weighed in on PLUG. Zacks Investment Research raised Plug Power from a “hold” rating to a “buy” rating and set a $2.50 price objective for the company in a research note on Friday, July 28th. FBR & Co reaffirmed an “outperform” rating and issued a $3.50 price objective (up from $3.00) on shares of Plug Power in a research note on Tuesday, July 25th. HC Wainwright set a $4.00 price objective on Plug Power and gave the company a “buy” rating in a research note on Wednesday, August 9th. Cowen and Company reissued a “buy” rating and set a $3.00 price target on shares of Plug Power in a research report on Sunday, September 17th. Finally, Roth Capital reissued a “sell” rating and set a $1.30 price target on shares of Plug Power in a research report on Sunday, July 23rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. Plug Power presently has an average rating of “Hold” and a consensus price target of $2.83.
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In related news, Director George C. Mcnamee purchased 200,000 shares of the company’s stock in a transaction on Friday, September 15th. The shares were bought at an average price 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.30% of the stock is currently owned by corporate insiders.
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.
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