What Wall Street is saying about Plug Power Inc. (PLUG)

What Wall Street is saying about Plug Power Inc. (PLUG)

What Wall Street is saying about Plug Power Inc. (PLUG)

Plug Power Inc. (NASDAQ:PLUG) stock is presently standing at about $2.39 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 6 analysts covering the company is $3.00, which suggests the stock could still rise over 20 percent. The highest analyst price target is $4.00, which implies a rally of 33 percent. And a quick view of analyst notes show that 3 are rating the stock a buy while 1 rate PLUG a strong buy. There are 1 equity research firms advocating a Hold and 0 consider it Sell.

ROTH Capital analysts provided their view on Plug Power Inc. (NASDAQ:PLUG) recently. The rating firm issued a Sell rating to this company in a research note released on May 17, 2017. Rodman & Renshaw analysts disclosed their opinion on Plug Power Inc. (NASDAQ:PLUG) recently. The rating firm gave a Buy rating to this stock in a research note published on Dec 06, 2016. According to a research note disclosed on Nov 11, 2008, analysts at Ardour Capital have upped their rating on these shares from Hold to Accumulate.

Plug Power Inc. (NASDAQ:PLUG) Transactions Roundup

Several insiders were part of recent insider activity for the stock. Its Director Air Liquide Investissements d’ Sold 39,324 company shares for 13,994, in a transaction on Jun 21. Following the transaction, the Director is left with a stake of 6,247 shares, currently valued at $14,930. Meanwhile, Director Air Liquide Investissements d’ sold 39,324 shares worth $26,220, through a transaction dated Dec 21. Following the completion of the transaction, the insider is left with a stake of 19,000 shares, amounting $45,410. PLUG Director Air Liquide Investissements d’ also sold 39,324 shares, at a stock price of $1.44. This transaction occurred on Sep 22 totals $27,434. After this transaction, the insider’s stake stands at 19,000 shares, with a market value of $45,410.

Executives hold 1.42 percent of the stock. BLACKROCK INC. is one of the biggest insider owners in Plug Power Inc. (NASDAQ:PLUG), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 12,219,160 shares which have current market value of around $29,203,792.VANGUARD GROUP INC is another major inside shareholder in the company. The insider owns 7,988,456 shares as of 03/31/2017, currently worth $19,092,410. STATE STREET CORP is ranked as third insider holder of the stock. This insider holds 3,265,128 shares with a market value around $7,803,656 as of recent close.

Plug Power Inc. (NASDAQ:PLUG) Earnings Outlook

In Plug Power Inc. (NASDAQ:PLUG)’s latest quarter, EPS moved to $-0.13 from $-0.08 in preceding quarter and revenues reached at $15.23M compared to $32.58M. Analysts had expected Plug Power Inc. (NASDAQ:PLUG) to post net income of about $-0.07 per share on $24.90M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in the range of $-0.05 to $-0.02. That is compared with the $-0.07 in EPS it reported during the same period a year ago.