Plug Power (PLUG) Receives Daily Media Impact Rating of 0.10
Media headlines about Plug Power (NASDAQ:PLUG) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Plug Power earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media coverage about the electronics maker an impact score of 46.3377972016662 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Craig Hallum Boosts Plug Power, Inc. (PLUG) Price Target to $4.00 (americanbankingnews.com)
- 11 Easy Ways to Extend Your Smartphone’s Battery (inc.com)
- Global Automotive Spark Glow Plugs Market is Estimated to Represent US$ 6.6 Bn During 2016–2022 (mynewsdesk.com)
- Furutech FI-50 (R) NCF 15A IEC connector (audiogon.com)
- Drugmakers in Storm-Battered Puerto Rico Must Now Ride Out Recovery (bloomberg.com)
Several equities research analysts have recently commented on PLUG shares. ValuEngine upgraded Plug Power from a “sell” rating to a “hold” rating in a research note on Friday, July 7th. Cowen and Company set a $3.00 price objective on Plug Power and gave the stock a “buy” rating in a research note on Monday, July 10th. Zacks Investment Research lowered Plug Power from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Roth Capital restated a “sell” rating and issued a $1.30 price objective on shares of Plug Power in a research note on Sunday, July 23rd. Finally, Rodman & Renshaw restated a “buy” rating and issued a $4.00 price objective on shares of Plug Power in a research note on Monday, July 24th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. Plug Power currently has a consensus rating of “Hold” and an average price target of $2.98.
Shares of Plug Power (NASDAQ PLUG) traded up 3.16% during midday trading on Friday, reaching $2.94. The company’s stock had a trading volume of 9,254,331 shares. The stock has a 50-day moving average of $2.35 and a 200 day moving average of $2.12. The firm’s market capitalization is $660.71 million. Plug Power has a 12-month low of $0.83 and a 12-month high of $3.06.
Plug Power (NASDAQ:PLUG) last released its quarterly earnings data on Tuesday, August 8th. The electronics maker reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). Plug Power had a negative net margin of 112.95% and a negative return on equity of 86.35%. The firm had revenue of $22.60 million during the quarter, compared to analysts’ expectations of $28.58 million. During the same period in the previous year, the firm posted ($0.04) EPS. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. Equities research analysts predict that Plug Power will post ($0.32) EPS for the current fiscal year.
In other news, Director George C. Mcnamee acquired 200,000 shares of the business’s stock in a transaction on Friday, September 15th. The stock was 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.90% of the stock is currently owned by insiders.
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Plug Power Company Profile
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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