Economy

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

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).



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