Shares of Plug Power Inc (NASDAQ:PLUG) hit a new 52-week high during trading on Tuesday . The stock traded as high as $2.30 and last traded at $2.20, with a volume of 10135405 shares traded. The stock had previously closed at $2.11.

Several analysts recently issued reports on PLUG shares. ValuEngine upgraded Plug Power from a “hold” rating to a “buy” rating in a report on Friday, November 16th. Zacks Investment Research upgraded Plug Power from a “hold” rating to a “buy” rating and set a $1.50 price objective for the company in a report on Wednesday, December 19th. B. Riley set a $4.00 price objective on Plug Power and gave the stock a “buy” rating in a report on Friday, March 8th. Finally, BidaskClub lowered Plug Power from a “sell” rating to a “strong sell” rating in a report on Friday, February 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $2.65.

The company has a debt-to-equity ratio of 10.93, a current ratio of 1.06 and a quick ratio of 0.60. The firm has a market capitalization of $555.47 million, a PE ratio of -7.19 and a beta of 1.72.

Plug Power (NASDAQ:PLUG) last announced its quarterly earnings data on Thursday, March 7th. The electronics maker reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $58.40 million. During the same quarter in the prior year, the business posted ($0.08) earnings per share. Plug Power’s revenue was up 77.4% on a year-over-year basis. Sell-side analysts expect that Plug Power Inc will post -0.23 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in PLUG. BlackRock Inc. raised its holdings in Plug Power by 12.1% during the fourth quarter. BlackRock Inc. now owns 16,527,822 shares of the electronics maker’s stock valued at $20,494,000 after buying an additional 1,786,566 shares in the last quarter. Odey Asset Management Group Ltd raised its holdings in Plug Power by 11.7% during the fourth quarter. Odey Asset Management Group Ltd now owns 5,486,413 shares of the electronics maker’s stock valued at $6,803,000 after buying an additional 576,413 shares in the last quarter. Vanguard Group Inc raised its holdings in Plug Power by 1.9% during the third quarter. Vanguard Group Inc now owns 10,460,068 shares of the electronics maker’s stock valued at $20,082,000 after buying an additional 194,903 shares in the last quarter. Vanguard Group Inc. raised its holdings in Plug Power by 1.9% during the third quarter. Vanguard Group Inc. now owns 10,460,068 shares of the electronics maker’s stock valued at $20,082,000 after buying an additional 194,903 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Plug Power by 6.6% during the fourth quarter. Geode Capital Management LLC now owns 2,481,356 shares of the electronics maker’s stock valued at $3,076,000 after buying an additional 152,681 shares in the last quarter. Institutional investors and hedge funds own 26.86% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This report was published by Watch List News and is the sole property of of Watch List News. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright legislation. The legal version of this report can be read at https://www.watchlistnews.com/plug-power-plug-hits-new-12-month-high-at-2-30/2890504.html.

Plug Power Company Profile (NASDAQ:PLUG)

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.

Recommended Story: Trading Strategy

Receive News & Ratings for Plug Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plug Power and related companies with MarketBeat.com's FREE daily email newsletter.