Plug Energy Inc. (NASDAQ:PLUG – Get Free Report) was up 2.6% throughout mid-day buying and selling on Monday . The inventory traded as excessive as $2.02 and final traded at $1.99. Roughly 9,482,204 shares modified fingers throughout buying and selling, a decline of 76% from the typical each day quantity of 39,244,727 shares. The inventory had beforehand closed at $1.94.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reviews on PLUG shares. B. Riley upgraded Plug Energy to a “strong-buy” score in a analysis report on Tuesday, June twenty fifth. Royal Financial institution of Canada dropped their goal worth on Plug Energy from $3.50 to $2.50 and set a “sector carry out” score on the inventory in a analysis report on Monday, August twelfth. Truist Monetary dropped their goal worth on Plug Energy from $3.00 to $2.00 and set a “maintain” score on the inventory in a analysis report on Monday, August twelfth. Canaccord Genuity Group dropped their goal worth on Plug Energy from $3.00 to $2.50 and set a “maintain” score on the inventory in a analysis report on Monday, August twelfth. Lastly, Wells Fargo & Firm decreased their worth goal on Plug Energy from $4.00 to $3.00 and set an “equal weight” score on the inventory in a analysis word on Friday, August ninth. 4 equities analysis analysts have rated the inventory with a promote score, fifteen have issued a maintain score, seven have given a purchase score and one has assigned a powerful purchase score to the corporate’s inventory. In line with MarketBeat.com, the inventory at the moment has a median score of “Maintain” and a median goal worth of $5.19.
View Our Newest Report on Plug Energy
Plug Energy Buying and selling Up 2.6 %
The inventory has a market cap of $1.48 billion, a PE ratio of -0.83 and a beta of 1.79. The enterprise has a 50 day transferring common of $2.18 and a 200-day transferring common of $2.68. The corporate has a present ratio of two.07, a fast ratio of 0.91 and a debt-to-equity ratio of 0.16.
Plug Energy (NASDAQ:PLUG – Get Free Report) final launched its quarterly earnings knowledge on Thursday, August eighth. The electronics maker reported ($0.36) EPS for the quarter, lacking analysts’ consensus estimates of ($0.30) by ($0.06). The agency had income of $143.40 million for the quarter, in comparison with analyst estimates of $184.54 million. Plug Energy had a destructive return on fairness of 47.51% and a destructive internet margin of 216.80%. The corporate’s quarterly income was down 44.9% on a year-over-year foundation. Throughout the identical quarter within the earlier yr, the corporate earned ($0.35) earnings per share. On common, analysts anticipate that Plug Energy Inc. will publish -1.15 EPS for the present yr.
Institutional Buying and selling of Plug Energy
Giant traders have not too long ago added to or decreased their stakes within the inventory. Victory Capital Administration Inc. boosted its place in Plug Energy by 23.5% within the 4th quarter. Victory Capital Administration Inc. now owns 72,715 shares of the electronics maker’s inventory valued at $327,000 after shopping for an extra 13,838 shares over the past quarter. Charles Schwab Funding Administration Inc. lifted its holdings in Plug Energy by 3.1% within the fourth quarter. Charles Schwab Funding Administration Inc. now owns 3,374,782 shares of the electronics maker’s inventory price $15,187,000 after buying an extra 102,095 shares over the past quarter. Neuberger Berman Group LLC lifted its holdings in Plug Energy by 39.4% within the fourth quarter. Neuberger Berman Group LLC now owns 47,296 shares of the electronics maker’s inventory price $213,000 after buying an extra 13,377 shares over the past quarter. IPG Funding Advisors LLC purchased a brand new place in Plug Energy within the fourth quarter price about $101,000. Lastly, RPO LLC purchased a brand new place in Plug Energy within the fourth quarter price about $83,000. 43.48% of the inventory is at the moment owned by institutional traders and hedge funds.
About Plug Energy
Plug Energy Inc develops hydrogen and gas cell product options in North America, Europe, Asia, and internationally. The corporate provides GenDrive, a hydrogen-fueled proton change membrane (PEM) gas cell system that gives energy to materials dealing with electrical autos; GenSure, a stationary gas cell answer that provides modular PEM gas cell energy to assist the backup and grid-support energy necessities of the telecommunications, transportation, and utility sectors; ProGen, a gas cell stack and engine expertise utilized in mobility and stationary gas cell methods, and as engines in electrical supply vans; GenFuel, a liquid hydrogen fueling supply, technology, storage, and meting out system; GenCare, an ongoing Web of Issues-based upkeep and on-site service program for GenDrive gas cell methods, GenSure gas cell methods, GenFuel hydrogen storage and meting out merchandise, and ProGen gas cell engines; and GenKey, an built-in turn-key answer for transitioning to gas cell energy.
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