Plug Power Inc (NASDAQ:PLUG) shares traded up 1.2% during mid-day trading on Thursday . The company traded as high as $3.44 and last traded at $3.42, 636,350 shares traded hands during mid-day trading. A decline of 89% from the average session volume of 6,018,105 shares. The stock had previously closed at $3.38.

A number of analysts have issued reports on the company. Roth Capital raised Plug Power from a “neutral” rating to a “buy” rating and raised their target price for the stock from $3.00 to $6.00 in a research note on Monday. Zacks Investment Research downgraded Plug Power from a “buy” rating to a “hold” rating in a research note on Tuesday. HC Wainwright set a $4.00 target price on Plug Power and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Cowen set a $3.00 target price on Plug Power and gave the stock a “buy” rating in a research note on Tuesday, September 17th. Finally, BidaskClub raised Plug Power from a “hold” rating to a “buy” rating in a research note on Thursday. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $4.00.

The firm has a market capitalization of $740.77 million, a price-to-earnings ratio of -9.50 and a beta of 1.45. The business has a 50 day simple moving average of $2.77 and a 200-day simple moving average of $2.46.

Plug Power (NASDAQ:PLUG) last issued its earnings results on Thursday, November 7th. The electronics maker reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). The company had revenue of $56.38 million during the quarter, compared to analyst estimates of $55.58 million. Plug Power had a negative return on equity of 6,435.09% and a negative net margin of 47.21%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the business earned ($0.07) earnings per share. Analysts predict that Plug Power Inc will post -0.35 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its holdings in shares of Plug Power by 35.6% during the 3rd quarter. SG Americas Securities LLC now owns 17,101 shares of the electronics maker’s stock worth $45,000 after purchasing an additional 4,494 shares during the period. Private Advisor Group LLC grew its holdings in shares of Plug Power by 55.1% during the 2nd quarter. Private Advisor Group LLC now owns 15,850 shares of the electronics maker’s stock worth $36,000 after purchasing an additional 5,633 shares during the period. First Trust Advisors LP grew its holdings in shares of Plug Power by 3.8% during the 1st quarter. First Trust Advisors LP now owns 227,250 shares of the electronics maker’s stock worth $545,000 after purchasing an additional 8,331 shares during the period. Swiss National Bank grew its holdings in shares of Plug Power by 2.1% during the 2nd quarter. Swiss National Bank now owns 434,200 shares of the electronics maker’s stock worth $977,000 after purchasing an additional 8,900 shares during the period. Finally, Alpine Woods Capital Investors LLC grew its holdings in shares of Plug Power by 100.0% during the 3rd quarter. Alpine Woods Capital Investors LLC now owns 40,000 shares of the electronics maker’s stock worth $105,000 after purchasing an additional 20,000 shares during the period. Institutional investors and hedge funds own 31.01% of the company’s stock.

Plug Power Company Profile (NASDAQ:PLUG)

Plug Power Inc, an alternative energy technology provider, engages in the design, development, manufacture, and commercialization of hydrogen and fuel cell systems for the material handling and stationary power markets primarily in North America and Europe. It focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and related hydrogen storage and dispensing infrastructure.

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