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.