B. Riley reaffirmed their buy rating on shares of Plug Power, Inc. (NASDAQ:PLUG) in a research note issued to investors on Thursday morning. They currently have a $3.50 target price on the electronics maker’s stock. B. Riley also issued estimates for Plug Power’s Q1 2018 earnings at ($0.07) EPS, Q2 2018 earnings at ($0.06) EPS and Q3 2018 earnings at ($0.04) EPS.
Other research analysts also recently issued reports about the company. Rodman & Renshaw reaffirmed a buy rating and set a $4.00 target price on shares of Plug Power in a report on Monday, July 24th. Cowen and Company reissued a buy rating and issued a $3.00 price objective on shares of Plug Power in a research note on Sunday, September 17th. BidaskClub raised Plug Power from a sell rating to a hold rating in a research note on Tuesday, July 25th. Zacks Investment Research downgraded Plug Power from a hold rating to a sell rating in a research note on Tuesday, September 26th. Finally, Roth Capital reissued a sell rating and issued a $1.30 price objective on shares of Plug Power in a research note on Sunday, July 23rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $3.03.
Plug Power (NASDAQ PLUG) opened at $2.55 on Thursday. Plug Power has a twelve month low of $0.83 and a twelve month 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 announced its earnings results on Wednesday, November 8th. The electronics maker reported ($0.04) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.04). The firm had revenue of $61.43 million for 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 business’s quarterly revenue was up 249.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.07 EPS. analysts predict that Plug Power will post -0.48 earnings per share for the current year.
TRADEMARK VIOLATION WARNING: This piece of content was first posted by Markets Daily and is owned by of Markets Daily. If you are accessing this piece of content on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.themarketsdaily.com/2017/11/13/plug-power-inc-plug-receives-buy-rating-from-b-riley.html.
In other news, Director George C. Mcnamee purchased 200,000 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The shares were acquired at an average cost of $2.20 per share, with a total value of $440,000.00. Following the purchase, the director now owns 486,131 shares in the company, valued at $1,069,488.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 4.90% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the stock. Archford Capital Strategies LLC raised its stake in Plug Power by 20,422.2% during the 2nd quarter. Archford Capital Strategies LLC now owns 1,847 shares of the electronics maker’s stock worth $115,000 after buying an additional 1,838 shares during the period. Nationwide Fund Advisors raised its stake in Plug Power by 4.6% during the 1st quarter. Nationwide Fund Advisors now owns 117,225 shares of the electronics maker’s stock worth $162,000 after buying an additional 5,127 shares during the period. Aperio Group LLC raised its stake in Plug Power by 6.4% during the 2nd quarter. Aperio Group LLC now owns 119,061 shares of the electronics maker’s stock worth $243,000 after buying an additional 7,166 shares during the period. American International Group Inc. raised its stake in Plug Power by 7.5% during the 1st quarter. American International Group Inc. now owns 111,649 shares of the electronics maker’s stock worth $154,000 after buying an additional 7,773 shares during the period. Finally, California State Teachers Retirement System raised its stake in Plug Power by 5.1% during the 2nd quarter. California State Teachers Retirement System now owns 395,969 shares of the electronics maker’s stock worth $808,000 after buying an additional 19,300 shares during the period. 23.70% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Plug Power Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plug Power Inc. and related companies with MarketBeat.com's FREE daily email newsletter.