Plug Power, Inc. (NASDAQ:PLUG) Lowered to "Sell" at BidaskClub

13 Août, 2017, 14:42 | Author: Marc Bacque

PLUG has been the subject of a number of other reports. The company is scheduled to announce its next earnings results on Monday, November 6th. For the next financial year, analysts expect that the company will post sales of $224.29 million per share, with estimates ranging from $185.39 million to $275.12 million.

Plug Power (NASDAQ:PLUG) last released its quarterly earnings data on Tuesday, May 9th. The electronics maker reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by $0.03. The firm had revenue of $22.60 million during the quarter, compared to analysts' expectations 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 quarterly revenue was up 10.5% compared to the same quarter previous year. Equities analysts anticipate that Plug Power will post ($0.24) earnings per share for the current year.

The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share. HC Wainwright set a $4.00 price objective on Plug Power and gave the stock a buy rating in a research report on Thursday, April 6th. ValuEngine lowered shares of Plug Power from a "hold" rating to a "sell" rating in a report on Thursday, May 18th. Roth Capital downgraded shares of Plug Power from a neutral rating to a sell rating and reduced their price target for the company from $2.25 to $1.30 in a report on Wednesday, May 17th. FBR & Co set a $3.00 price target on Plug Power and gave the company an outperform rating in a report on Wednesday, May 10th. 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.

Taking a broader look at the analyst consensus, according to 6 analysts Plug Power Inc (NASDAQ:PLUG)'s price will reach at $2.93 during 52 weeks. If you are accessing this story on another domain, it was stolen and republished in violation of United States & worldwide copyright & trademark laws. The correct version of this report can be read at https://www.com-unik.info/2017/08/11/plug-powers-nasdaqplug-buy-rating-reiterated-at-rodman-renshaw-updated-updated.html.

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Plug Power (NASDAQ:PLUG) opened at 2.00 on Monday. Plug Power has a one year low of $0.83 and a one year high of $2.70. The company has a 50-day moving average of $2.17 and a 200 day moving average of $1.77. The company now has a market value of $446.94M.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Plug Power by 30.6% in the second quarter. Virtu KCG Holdings LLC boosted its stake in shares of Plug Power by 126.4% in the second quarter. Geode Capital Management LLC now owns 1,750,660 shares of the electronics maker's stock valued at $2,415,000 after buying an additional 407,653 shares during the last quarter. Bluestein R H & Co. boosted its stake in shares of Plug Power by 64.0% in the second quarter. Ltd. now owns 286,299 shares of the electronics maker's stock worth $395,000 after buying an additional 73,274 shares during the period. State Street Corp raised its position in Plug Power by 7.2% in the fourth quarter. Aperio Group LLC now owns 119,061 shares of the electronics maker's stock valued at $243,000 after buying an additional 7,166 shares during the last quarter. Schwab Charles Investment Management Inc. now owns 768,662 shares of the electronics maker's stock valued at $1,061,000 after buying an additional 262,147 shares during the last quarter. Institutional investors own 17.54% 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.

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