Plug Power, Inc. (NASDAQ:PLUG) Given "Buy" Rating at Rodman & Renshaw

Paterniano Del Favero
Agosto 13, 2017

Wall Street analysts are predicting that Plug Power Inc (NASDAQ:PLUG) will report earnings per share of $-0.03 in their quarterly report. Zacks Investment Research upgraded Plug Power from a hold rating to a buy rating and set a $2.50 target price for the company in a research note on Friday, July 28th. BidaskClub cut Plug Power from a "hold" rating to a "sell" rating in a report on Monday, July 31st. The company has an average rating of "Hold" and a consensus price target of $2.83. Roth Capital downgraded Plug Power from a "neutral" rating to a "sell" rating and lowered their target price for the company from $2.25 to $1.30 in a research note on Wednesday, May 17th. Cowen and Company reiterated an "outperform" rating and set a $3.00 price objective on shares of Plug Power in a research report on Thursday. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. The stock presently has a consensus rating of Hold and a consensus price target of $2.83.

Plug Power Inc (NASDAQ:PLUG) shares traded on -6.54% down secure line and closed at $2. The average volume of a stock suggests the liquidity of a particular company. The firm has a 50 day moving average of $2.16 and a 200 day moving average of $1.78. The company now has a market value of $446.94M. For the current quarter Plug Power Inc (NASDAQ:PLUG) has high EPS estimates of $-0.02 in contradiction of low EPS estimates of $-0.05.

Plug Power (NASDAQ:PLUG) last released its quarterly earnings data on Tuesday, May 9th. However a year ago for the same quarter the company has reported $-0.07 EPS. The company had revenue of $22.60 million during the quarter, compared to analyst estimates 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 revenue for the quarter was up 10.5% compared to the same quarter previous year. During the same period in the prior year, the firm earned ($0.04) earnings per share. On average, equities research analysts anticipate that Plug Power will post ($0.24) EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This story was first published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States & worldwide copyright & trademark legislation. Accern also gave news articles about the electronics maker an impact score of 45.2501587352306 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next several days. Creative Planning raised its stake in shares of Plug Power by 41.5% in the second quarter. Hudson Bay Capital Management LP bought a new position in Plug Power during the fourth quarter worth $12,264,000. Virtu KCG Holdings LLC boosted its stake in shares of Plug Power by 126.4% in the second quarter. Private Advisor Group LLC now owns 51,318 shares of the electronics maker's stock worth $115,000 after buying an additional 31,646 shares during the period.

WARNING: "HC Wainwright Analysts Give Plug Power, Inc". American International Group Inc. now owns 111,649 shares of the electronics maker's stock valued at $154,000 after buying an additional 7,773 shares during the last quarter. Asset Management One Co. EAM Investors LLC purchased a new stake in shares of Plug Power during the second quarter worth about $606,000. Ltd. now owns 286,299 shares of the electronics maker's stock valued at $395,000 after buying an additional 73,274 shares during the last quarter. American International Group Inc. raised its stake in shares of Plug Power by 7.5% in the first quarter. Teachers Advisors LLC now owns 385,028 shares of the electronics maker's stock worth $462,000 after buying an additional 6,680 shares during the period.

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