Plug Power Inc. (NASDAQ:PLUG – Get Rating) has been given a consensus recommendation of “Moderate Buy” by the twenty-four analysts that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $23.86.
PLUG has been the subject of a number of research analyst reports. Cowen cut their target price on shares of Plug Power from $30.00 to $23.00 in a research report on Thursday, January 26th. Susquehanna cut their target price on shares of Plug Power from $28.00 to $25.00 in a research report on Thursday, January 26th. UBS Group initiated coverage on shares of Plug Power in a research report on Tuesday, December 13th. They set a “buy” rating and a $26.00 target price for the company. Oppenheimer cut their target price on shares of Plug Power from $63.00 to $31.00 in a research report on Wednesday, November 9th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Plug Power from $24.00 to $23.00 and set an “overweight” rating for the company in a research report on Thursday, March 2nd.
Plug Power Stock Performance
Shares of PLUG opened at $13.78 on Thursday. The company has a market capitalization of $8.18 billion, a PE ratio of -11.02 and a beta of 1.81. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.20 and a quick ratio of 4.19. Plug Power has a one year low of $11.49 and a one year high of $32.05. The company’s fifty day moving average price is $15.19 and its 200 day moving average price is $17.90.
Institutional Trading of Plug Power
Plug Power Company Profile
Plug Power, Inc provides alternative energy technology, which focuses on the design, development, commercialization, and manufacture of hydrogen and fuel cell systems used primarily for the material handling and stationary power markets. Its fuel cell system solution is designed to replace lead-acid batteries in electric material handling vehicles and industrial trucks for some distribution and manufacturing businesses.
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