Economy

Analysts' Activity to Watch: Plug Power Inc (PLUG)

In recent trading day Plug Power Inc.

Shares of Plug Power Inc (NASDAQ:PLUG) now have an Average Brokerage Recommendation of 2, number of Recs in ABR is 6 while industry rank of the company by ABR is 170 out of 265. For the current year the company's revenue estimates are $138.31 Million compared to low analyst estimates of $130.1 Million and high estimates of $146.38 Million according to the prediction of 6 analysts. Wall Street analysts are looking for the company to grow 62.50% over the next year and 25.00% over the next five years. Comparatively, PLUG posted earnings of $-0.04 per share in the same quarter, a year earlier. (NASDAQ:PLUG) that has shown a discernible change in trend levels over the path of recent market activity. The electronics maker reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.03). The Return on Equity (ROE) and Return on Investment (ROI) values are -121.3 percent and -33.3 percent respectively. The firm had revenue of $22.60 million during the quarter, compared to analysts' expectations of $28.58 million. Zacks Investment Research upgraded Plug Power from a "strong sell" rating to a "hold" rating in a research note on Wednesday, July 19th.

Several analysts have recently issued reports on PLUG shares. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. Of those analysts, 4 rate stock as a Strong Buy, 1 rate it as Hold, and just no analyst rates it as a Moderate Sell. Rodman & Renshaw restated a "buy" rating and set a $4.00 price target on shares of Plug Power in a research note on Monday, July 24th. Three months ago, analysts assigned (PLUG) a 4.00 rating (as well), which implies that analysts largely still feel the same about the outlook for the stock over the next year. The insider, MCNAMEE GEORGE C, now holds 661,131 shares of PLUG.

Shares of Plug Power (PLUG) opened at 2.25 on Friday. "(PLUG) This Quarter" was published by StockNewsTimes and is the sole property of of StockNewsTimes. The legal version of this article can be viewed at https://stocknewstimes.com/2017/09/19/54-39-million-in-sales-expected-for-plug-power-inc-plug-this-quarter.html.

Plug Power (NASDAQ:PLUG) last released its quarterly earnings results on Tuesday, August 8th. It has a market cap of $501.1 Million. These analysts have also projected a Low Estimate of $-0.05/share and a High Estimate of $-0.02/share. The company's 50-day moving average is $2.17 and its 200-day moving average is $1.96. Of those transactions, there were 646,568 shares of PLUG bought and 61,835 shares sold. Market Capitalization if basically the market value of the company's shares outstanding. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

A number of large investors have recently modified their holdings of PLUG. Among institutions that increased their positions, 30 were new positions. Closing price generally refers to the last price at which a stock trades during a regular trading session. Northern Trust Corp raised 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 acquiring an additional 800,320 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Plug Power by 160.9% during the 1st quarter. When we look at the Volatility of the company, Week Volatility is at 5.13% whereas Month Volatility is at 3.63%. Plug Power Inc (NASDAQ:PLUG)'s price to free cash flow for trailing twelve months is 0.



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