Plug Power (NASDAQ: PLUG) recently received a number of ratings updates from brokerages and research firms:

  • 12/7/2017 – Plug Power had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $3.50 price target on the stock.
  • 12/7/2017 – Plug Power had its “buy” rating reaffirmed by analysts at HC Wainwright. They now have a $4.00 price target on the stock. They wrote, “Investor Day Notes; Management Upbeat and Confident Going into 2018; Affirm Buy Continuing coverage under the name H.C. Wainwright & Co. with a Buy rating. Effective November 9, 2017, research in the above titled name will now be published under H.C. Wainwright & Co. and no longer distributed in conjunction with ‘Rodman & Renshaw, a unit of H.C. Wainwright’. Investor day and site visit. On December 6, 2017 we attended PLUG’s investor day; the company also provided a site visit of its Latham, NY, facilities to investors. In addition to the company’s CEO and CFO, some other top executives including sales, operations, and hydrogen system group heads made presentations during the event. Key takeaways. During 2017, the company has been successful in securing business from Walmart (WMT; not rated) and Amazon (AMZN; not rated); revenue from Amazon alone is expected to be $600M over four years.””
  • 12/4/2017 – Plug Power was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 12/1/2017 – Plug Power is now covered by analysts at Canaccord Genuity. They set a “buy” rating and a $5.00 price target on the stock.
  • 11/14/2017 – Plug Power was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Plug Power Inc. is a leading provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used primarily for the material handling and stationary power market. They are focused on proton exchange membrane, or PEM, fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and associated hydrogen storage and dispensing infrastructure from which multiple products are available. They sell and continue to develop fuel cell product solutions to replace lead-acid batteries in material handling vehicles and industrial trucks for some of North America’s largest distribution and manufacturing businesses. Their current product line includes: GenDrive, GenFuel, GenCare, ReliOn, and GenKey. “
  • 11/9/2017 – Plug Power had its “buy” rating reaffirmed by analysts at HC Wainwright. They now have a $4.00 price target on the stock.
  • 11/9/2017 – Plug Power had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $3.50 price target on the stock.
  • 11/1/2017 – Plug Power had its “buy” rating reaffirmed by analysts at B. Riley.
  • 10/31/2017 – Plug Power had its “buy” rating reaffirmed by analysts at FBR & Co.
  • 10/17/2017 – Plug Power was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Plug Power Inc. is a leading provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used primarily for the material handling and stationary power market. They are focused on proton exchange membrane, or PEM, fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and associated hydrogen storage and dispensing infrastructure from which multiple products are available. They sell and continue to develop fuel cell product solutions to replace lead-acid batteries in material handling vehicles and industrial trucks for some of North America’s largest distribution and manufacturing businesses. Their current product line includes: GenDrive, GenFuel, GenCare, ReliOn, and GenKey. “
  • 10/17/2017 – Plug Power had its “buy” rating reaffirmed by analysts at Cowen Inc. They now have a $3.00 price target on the stock.

Shares of Plug Power Inc (NASDAQ:PLUG) opened at $2.39 on Thursday. Plug Power Inc has a twelve month low of $0.83 and a twelve month high of $3.21. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.86 and a current ratio of 1.29.

Plug Power (NASDAQ:PLUG) last issued its quarterly earnings results on Wednesday, November 8th. The electronics maker reported ($0.04) EPS for the quarter, hitting analysts’ consensus estimates of ($0.04). The business had revenue of $61.43 million during the quarter, compared to the consensus estimate of $54.57 million. Plug Power had a negative net margin of 96.27% and a negative return on equity of 83.93%. The company’s quarterly revenue was up 249.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.07 earnings per share. equities analysts expect that Plug Power Inc will post -0.51 earnings per share for the current fiscal year.

In other news, Director George C. Mcnamee purchased 200,000 shares of the stock in a transaction dated Friday, September 15th. The stock was acquired at an average cost of $2.20 per share, for a total transaction of $440,000.00. Following the completion of the acquisition, the director now directly owns 486,131 shares in the company, valued at approximately $1,069,488.20. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 4.90% of the company’s stock.

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.

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