Plug Power (NASDAQ:PLUG) Upgraded by StockNews.com to Sell Rating

StockNews.com upgraded shares of Plug Power (NASDAQ:PLUG) to a sell rating in a research report released on Tuesday.

Several other research analysts have also commented on PLUG. HC Wainwright reissued a “buy” rating and set a $18.00 price objective on shares of Plug Power in a report on Wednesday, November 13th. Seaport Res Ptn lowered Plug Power from a “hold” rating to a “strong sell” rating in a report on Monday, January 27th. Evercore ISI cut their price objective on Plug Power from $5.00 to $4.00 and set an “outperform” rating for the company in a report on Wednesday, November 13th. Craig Hallum cut their price objective on Plug Power from $4.00 to $3.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Finally, BTIG Research downgraded Plug Power from a “buy” rating to a “neutral” rating in a research report on Thursday, November 14th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Plug Power presently has a consensus rating of “Hold” and an average price target of $4.12.

Plug Power Stock Up 8.0 %

Shares of NASDAQ PLUG opened at $1.62 on Tuesday. Plug Power has a 12 month low of $1.37 and a 12 month high of $4.90. The company has a current ratio of 2.08, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of -0.76 and a beta of 1.79. The business has a 50-day moving average of $2.09 and a 200-day moving average of $2.11.

Hedge Funds Weigh In On Plug Power

Hedge funds and other institutional investors have recently made changes to their positions in the business. Oppenheimer & Co. Inc. bought a new position in shares of Plug Power during the fourth quarter valued at approximately $25,000. Pacific Sage Partners LLC bought a new position in shares of Plug Power during the fourth quarter valued at approximately $25,000. Jones Financial Companies Lllp raised its holdings in shares of Plug Power by 107.4% during the fourth quarter. Jones Financial Companies Lllp now owns 11,730 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 6,074 shares in the last quarter. Callan Family Office LLC bought a new position in shares of Plug Power during the fourth quarter valued at approximately $27,000. Finally, Ground Swell Capital LLC bought a new position in shares of Plug Power during the fourth quarter valued at approximately $27,000. Institutional investors own 43.48% of the company’s stock.

Plug Power Company Profile

Plug Power Inc develops hydrogen and fuel cell product solutions in North America, Europe, Asia, and internationally. The company offers GenDrive, a hydrogen-fueled proton exchange membrane (PEM) fuel cell system that provides power to material handling electric vehicles; GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing Internet of Things-based maintenance and on-site service program for GenDrive fuel cell systems, GenSure fuel cell systems, GenFuel hydrogen storage and dispensing products, and ProGen fuel cell engines; and GenKey, an integrated turn-key solution for transitioning to fuel cell power.