Plug Power (NASDAQ:PLUG) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Monday, December 4th.
Other research analysts have also issued research reports about the stock. Cowen reaffirmed a “buy” rating and set a $3.00 price objective on shares of Plug Power in a research report on Tuesday, October 17th. Craig Hallum upped their target price on shares of Plug Power from $3.00 to $4.00 and gave the company a “buy” rating in a research note on Friday, October 6th. HC Wainwright set a $4.00 target price on shares of Plug Power and gave the company a “buy” rating in a research note on Wednesday, August 9th. B. Riley reaffirmed a “buy” rating and set a $3.50 price objective on shares of Plug Power in a research note on Thursday, November 9th. Finally, FBR & Co reaffirmed a “buy” rating on shares of Plug Power in a research note on Tuesday, October 31st. Four investment analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $3.23.
Plug Power (NASDAQ:PLUG) traded down $0.07 on Monday, hitting $2.36. The stock had a trading volume of 3,770,429 shares, compared to its average volume of 3,212,341. Plug Power has a 52 week low of $0.83 and a 52 week high of $3.21. The company has a market capitalization of $555.18, a PE ratio of -3.87 and a beta of 1.66. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.86 and a current ratio of 1.29.
A number of hedge funds and other institutional investors have recently made changes to their positions in PLUG. Brighton Jones LLC acquired a new position in Plug Power in the second quarter valued at approximately $102,000. Adalta Capital Management LLC acquired a new stake in Plug Power in the second quarter worth $106,000. Archford Capital Strategies LLC raised its holdings in Plug Power by 20,422.2% in the second quarter. Archford Capital Strategies LLC now owns 1,847 shares of the electronics maker’s stock worth $115,000 after purchasing an additional 1,838 shares during the period. Creative Planning raised its holdings in Plug Power by 41.5% in the second quarter. Creative Planning now owns 70,472 shares of the electronics maker’s stock worth $144,000 after purchasing an additional 20,673 shares during the period. Finally, Virtu KCG Holdings LLC raised its holdings in Plug Power by 126.4% in the second quarter. Virtu KCG Holdings LLC now owns 92,497 shares of the electronics maker’s stock worth $189,000 after purchasing an additional 51,638 shares during the period. Institutional investors and hedge funds own 24.30% of the company’s stock.
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Plug Power Company Profile
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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