B. Riley set a $4.00 price objective on Plug Power (NASDAQ:PLUG) in a research note issued to investors on Friday morning. The firm currently has a buy rating on the electronics maker’s stock.

A number of other research firms have also issued reports on PLUG. Zacks Investment Research upgraded Plug Power from a sell rating to a hold rating in a research note on Tuesday, October 17th. Cowen reiterated a buy rating and issued a $3.00 target price on shares of Plug Power in a research note on Tuesday, October 17th. FBR & Co reiterated a buy rating on shares of Plug Power in a research note on Tuesday, October 31st. HC Wainwright reiterated a buy rating and issued a $4.00 target price on shares of Plug Power in a research note on Thursday, November 9th. Finally, Canaccord Genuity began coverage on Plug Power in a research note on Friday, December 1st. They issued a buy rating and a $5.00 target price for the company. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. Plug Power presently has a consensus rating of Hold and an average target price of $3.28.

Shares of Plug Power (NASDAQ PLUG) opened at $1.70 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.86 and a current ratio of 1.29. Plug Power has a 12 month low of $0.84 and a 12 month high of $3.21.

A number of institutional investors and hedge funds have recently modified their holdings of PLUG. Vanguard Group Inc. boosted its holdings in Plug Power by 30.6% in the second quarter. Vanguard Group Inc. now owns 10,432,461 shares of the electronics maker’s stock valued at $21,283,000 after purchasing an additional 2,444,005 shares during the last quarter. Northern Trust Corp boosted its holdings in Plug Power by 39.5% in the second quarter. Northern Trust Corp now owns 2,828,390 shares of the electronics maker’s stock valued at $5,770,000 after purchasing an additional 800,320 shares during the last quarter. State Street Corp boosted its holdings in Plug Power by 14.6% in the second quarter. State Street Corp now owns 3,742,566 shares of the electronics maker’s stock valued at $7,635,000 after purchasing an additional 477,438 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Plug Power by 58.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,217,301 shares of the electronics maker’s stock valued at $2,484,000 after purchasing an additional 448,639 shares during the last quarter. Finally, NJ State Employees Deferred Compensation Plan purchased a new position in Plug Power in the third quarter valued at about $783,000. 24.43% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Plug Power (NASDAQ:PLUG)

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