Plug Power (NASDAQ:PLUG) Upgraded at StockNews.com

Plug Power (NASDAQ:PLUG) was upgraded by investment analysts at StockNews.com to a “sell” rating in a report issued on Tuesday.

A number of other brokerages have also recently issued reports on PLUG. Canaccord Genuity Group cut their target price on shares of Plug Power from $2.50 to $2.25 and set a “hold” rating on the stock in a report on Wednesday, November 13th. HC Wainwright reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Plug Power in a report on Wednesday, November 13th. Wells Fargo & Company decreased their target price on shares of Plug Power from $3.00 to $2.00 and set an “equal weight” rating for the company in a research report on Thursday, November 14th. Evercore ISI cut their price target on Plug Power from $5.00 to $4.00 and set an “outperform” rating on the stock in a report on Wednesday, November 13th. Finally, Susquehanna increased their price objective on Plug Power from $2.00 to $2.50 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Five 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $4.12.

Plug Power Stock Performance

PLUG stock traded up $0.12 during trading on Tuesday, hitting $1.62. 96,364,196 shares of the company’s stock traded hands, compared to its average volume of 68,775,914. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of -0.76 and a beta of 1.79. Plug Power has a 52 week low of $1.37 and a 52 week high of $4.90. The stock has a fifty day moving average price of $2.09 and a two-hundred day moving average price of $2.11. The company has a quick ratio of 0.95, a current ratio of 2.08 and a debt-to-equity ratio of 0.15.

Institutional Investors Weigh In On Plug Power

Large investors have recently made changes to their positions in the company. Creative Planning lifted its holdings in shares of Plug Power by 35.9% in the third quarter. Creative Planning now owns 115,614 shares of the electronics maker’s stock valued at $261,000 after purchasing an additional 30,552 shares in the last quarter. Private Advisor Group LLC boosted its position in Plug Power by 53.2% during the 3rd quarter. Private Advisor Group LLC now owns 65,594 shares of the electronics maker’s stock worth $148,000 after acquiring an additional 22,770 shares during the period. International Assets Investment Management LLC grew its stake in Plug Power by 135.7% during the 3rd quarter. International Assets Investment Management LLC now owns 23,201 shares of the electronics maker’s stock valued at $52,000 after acquiring an additional 13,357 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Plug Power by 23.6% in the third quarter. Van ECK Associates Corp now owns 4,232,001 shares of the electronics maker’s stock worth $8,803,000 after purchasing an additional 809,187 shares in the last quarter. Finally, QRG Capital Management Inc. purchased a new stake in shares of Plug Power in the third quarter worth approximately $204,000. Institutional investors and hedge funds 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.