Economy

Plug Power, Inc. (PLUG) Rating Reiterated by Cowen and Company

As of September 15th, there was short interest totalling 39,968,091 shares, a decline of 5.3% from the August 31st total of 42,195,922 shares. A total of 10,567,166 shares exchanged hands during the intra-day trade contrast with its average trading volume of 4.64M shares, while its relative volume stands at 2.28. The stock saw a rise in short interest from August 15, 2017 to August 31, 2017 of 0.79%. Trading volume for Plug Power Inc. was 10.57 Million in its previous trading session. The shares were acquired at an average cost of $2.20 per share, for a total transaction of $440,000.00. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Brighton Jones LLC purchased a new position in shares of Plug Power during the 2nd quarter valued at about $102,000. Brighton Jones LLC bought a new stake in Plug Power during the second quarter worth approximately $102,000. Finally, Bank of New York Mellon Corp lifted its position in Plug Power by 14.1% in the 1st 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 last quarter. Aperio Group LLC raised its position in Plug Power by 6.4% in the 2nd quarter. Wedge Capital Management L L P Nc owns 6.63 million shares or 1.42% of their U.S. portfolio. Creative Planning now owns 70,472 shares of the electronics maker's stock worth $144,000 after purchasing an additional 20,673 shares during the period. (NASDAQ:PLUG) have investors on high alert. The company operates in the Technology sector with a market capitalization of 628070. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance.

The company surged 5.36% and closed its last trading session at $2.61.

Press coverage about Plug Power (NASDAQ:PLUG) has trended somewhat positive this week, Accern Sentiment reports. The company beat the analyst EPS Estimate with the difference of $-0.02. Plug Power had a negative net margin of 112.95% and a negative return on equity of 86.35%. Its book value per share for the most recent quarter is $0.45 while its price to book ratio for the same period is 6.11, as for as the company's cash per share for the most recent quarter is $0.01, however its price to cash per share ratio for the same period is 299.08. They expect $-0.03 earnings per share, up 57.14% or $0.04 from last year's $-0.07 per share.

Wall Street analysts are predicting that Plug Power Inc (NASDAQ:PLUG) will report earnings per share of $-0.03 in their quarterly report.

Other equities research analysts have also recently issued research reports about the company. The original version of this story can be accessed at https://weekherald.com/2017/10/03/bluestein-r-h-co-raises-holdings-in-plug-power-inc-plug.html. FBR & Co reissued an "outperform" rating and set a $3.50 price objective (up previously from $3.00) on shares of Plug Power in a report on Tuesday, July 25th. Zacks Investment Research lowered Plug Power from a "hold" rating to a "sell" rating in a research note on Tuesday, September 26th. Plug Power had 16 analyst reports since July 28, 2015 according to SRatingsIntel. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell. Three months ago, analysts assigned PLUG a 4.00 rating, which implies that analysts largely still feel the same about the outlook for the stock over the next year. Sigma Planning stated it has 0% of its portfolio in Plug Power Inc (NASDAQ:PLUG).



Like this

Latest


05 October 2017
Yahoo says all 3 Billion Accounts were hacked in 2013 Security Breach
Verizon finished its acquisition of Yahoo in June and is folding it, with AOL, under a new subsidiary named Oath. Now, Yahoo says all 3 Billion Accounts were hacked in 2013 Security Breach.

05 October 2017
Vast majority of NBA GMs think Warriors will win it all again
Kawhi came into the league as a player who could defend but had minimal offensive repertoire other than his athleticism. There are many candidates for the award namely: LeBron James , Kevin Durant , James Harden , Russell Westbrook etc.

05 October 2017
Legal age for consumption of cannabis will be 18
New Brunswick has said it will use a Crown corporation model, and a legislature committee has recommended the minimum age be 19. But whether they will be government-run stores like in Ontario's proposal or licensed private retailers hasn't been decided.

05 October 2017
Tdam USA Sold 5423 Company Stocks In Costco Wholesale Corporation
The rating was reinitiated by Stifel Nicolaus on Friday, January 20 with "Buy". (NASDAQ: COST ) opened at 178.59 on Wednesday. Mechanics Bank Trust Department lifted its stake in shares of Costco Wholesale Corporation by 4.8% in the second quarter.

05 October 2017
US Senate confirms two new USDA appointments
The National Pork Producers Council was also quick to congratulate Censky and McKinney on their confirmations. Censky, who led the ASA as CEO since 1996, was nominated by President Donald Trump in July.

05 October 2017
Here's why Virender Sehwag was not surprised with Ashish Nehra's selection
I think next 15 months will be important for him when India go to South Africa, England, Australia and the World Cup. He likes to run, swim and I think he would have easily covered the distance of 20 meters in the yo-yo test.

05 October 2017
Microsoft announces Xbox One S Assassin's Creed Origins bundles
It should also be noted that Assassin's Creed Origins and Rainbow Six Siege will come as download codes and not physical copies. After a four-month wait, the game is finally going to arrive to retail at the end of the month.

05 October 2017
ACLU sues FDA over abortion pill restrictions
These restrictions are imposed by the FDA when "necessary because of the "inherent toxicity or potential harmfulness" of a drug". The ACLU notes that there are several other prescription abortion drugs which are not subject to these requirements.

04 October 2017
Market Focus: Tracking Shares of Singapore Index MSCI Ishares (EWS)
A certain stock may be considered to be on an uptrend if trading above a moving average and the average is sloping upward. Investors and traders may use this indicator to help spot price reversals, price extremes, and the strength of a trend.

04 October 2017
Google announces Google Home Mini
The smart speaker market got a bit more interesting when Google revealed its Amazon Echo rival, Google Home , early past year . Google Home Max will be available from December for $399, and will include a free 12-month subscription to YouTube Red .



Recommended