News headlines about Plug Power (NASDAQ:PLUG) have trended somewhat positive this week, according to Accern Sentiment. The research group rates the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Plug Power earned a media sentiment 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 news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern’s scoring:
- The Toyota Mirai Fuel Cell Electric Vehicle To Go On Sale This Year In Canada Starting In Québec (theautochannel.com)
- Technical Indicators in Focus – Plug Power Inc (NASDAQ: PLUG) – Alpha Beta Stock (alphabetastock.com)
- Plug Power’s One-Stop Solution – Seeking Alpha (seekingalpha.com)
- Plug Power (PLUG) Cut to “Hold” at Zacks Investment Research (americanbankingnews.com)
- Short Interest in Plug Power Inc (PLUG) Drops By 6.7% (americanbankingnews.com)
Several research firms have commented on PLUG. Zacks Investment Research cut shares of Plug Power from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. HC Wainwright reaffirmed a “buy” rating and issued a $4.00 price target on shares of Plug Power in a report on Thursday, December 7th. B. Riley reaffirmed a “buy” rating on shares of Plug Power in a report on Wednesday, November 1st. FBR & Co reaffirmed a “buy” rating on shares of Plug Power in a report on Tuesday, October 31st. Finally, Cowen reiterated a “buy” rating and issued a $3.00 price objective on shares of Plug Power in a research note on Tuesday, October 17th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $3.23.
Plug Power (NASDAQ:PLUG) last posted its quarterly earnings results on Wednesday, November 8th. The electronics maker reported ($0.04) earnings per share for the quarter, hitting the 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 net margin of 96.27% and a negative return on equity of 83.93%. The firm’s revenue for the quarter was up 249.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.07 earnings per share. equities research analysts predict that Plug Power will post -0.51 EPS for the current year.
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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.
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