Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Plug Power (PLUG) Stock Price

Media stories about Plug Power (NASDAQ:PLUG) have been trending somewhat positive recently, according to Accern Sentiment. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Plug Power earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned media coverage about the electronics maker an impact score of 45.0221742329791 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:

Plug Power (NASDAQ PLUG) traded up $0.01 during trading hours on Thursday, reaching $2.41. The company had a trading volume of 1,800,300 shares, compared to its average volume of 6,964,592. The firm has a market capitalization of $542.62, a P/E ratio of -3.95 and a beta of 1.66. Plug Power has a fifty-two week low of $0.83 and a fifty-two week high of $3.21. The company has a quick ratio of 0.86, a current ratio of 1.29 and a debt-to-equity ratio of 0.62.

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

Several analysts have recently weighed in on PLUG shares. B. Riley reissued a “buy” rating on shares of Plug Power in a report on Wednesday, November 1st. HC Wainwright reaffirmed a “buy” rating and issued a $4.00 target price on shares of Plug Power in a research report on Thursday, December 7th. Cowen reissued a “buy” rating and issued a $3.00 price objective on shares of Plug Power in a research report on Sunday, September 17th. Zacks Investment Research lowered Plug Power from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Finally, Canaccord Genuity initiated coverage on Plug Power in a research report on Friday, December 1st. They issued a “buy” rating and a $5.00 price objective on the stock. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $3.23.

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About Plug Power

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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