Plug Power Inc. (NASDAQ:PLUG) Tumbled -10.29% Pre-session

Marco Green
May 20, 2017

Plug Power Inc. (NASDAQ:PLUG)'s performance this year to date is 61.67%.

29,014 were accumulated by Proshare Advsr Ltd. Allsquare Wealth Mgmt Ltd Liability accumulated 3,300 shares or 0% of the stock.

But now one other analyst thinks the news is actually so bad for Plug Power that the danger to investors needs to be stated as well. This morning, investment banker Roth announced it is downgrading Plug Power stock to sell. Morgan Stanley lowered their price target on Plug Power from $3.00 to $1.50 and set an equal weight rating for the company in a research report on Tuesday, February 28th.

The current consensus rating on Plug Power (NASDAQ:PLUG) is Buy (Score: 2.67) with a consensus target price of $2.92 per share, a potential 42.97% upside. Wall Street analysts polled by Thomson Reuters have a current recommendation of 2.20 on a consensus basis for the stock. Commerzbank Aktiengesellschaft Fi has invested 0% of its portfolio in Plug Power Inc (NASDAQ:PLUG).

Plug Power Inc. was covered by a number of analysts recently, 1 rated the stock as Buy, 2 rated Hold, 0 rated sell and 0 gave an Underperform.

According to TipRanks.com, Irwin is a 2-star analyst with an average return of 0.7% and a 46.4% success rate.

Roth Capital analyst Craig Irwin downgrades shares of Plug Power Inc (NASDAQ:PLUG) from Neutral to Sell, while slashing the price target to $1.30 (from $2.25), which represents a potential downside of 28% from where the stock is now trading. The stock exchanged hands with 17.27 million shares contrast to its average daily volume of 17.68 million shares. The stock's market capitalization is $390.02 million.

Looking at the current price of the stock and the 52 week high and low, it suggests that the stock is likely to go Down in the future. The stock stands 0.76% above the average-price of 50 days and 0.24% compared with the SMA 20.

Plug Power Inc. (NASDAQ:PLUG) yearly performance is 12.71% and net profit margin is -81.40%. The high and low revenue estimates for the current quarter are $28.97 Million and $24.3 Million, respectively. The difference between the expected and actual EPS was $-0.06/share, which represents an Earnings surprise of -85.7%. Plug Power's revenue was down.7% compared to the same quarter previous year.

The company saw its shares jump handsomely on a partnership agreement with Amazon in April when online retailer acquired the right to buy up to 23% of Plug and use its technology to speed up work in its warehouses. HC Wainwright set a $4.00 price target on Plug Power and gave the company a buy rating in a report on Thursday, April 6th. If you are viewing this report on another publication, it was stolen and republished in violation of United States & global copyright and trademark laws. The legal version of this news story can be viewed at https://baseballnewssource.com/markets/plug-powers-plug-outperform-rating-reaffirmed-at-fbr-co-updated-updated/618379.html. It dived, as 4 investors sold Plug Power Inc shares while 27 reduced holdings. Ltd. boosted its stake in Plug Power by 34.4% in the first quarter. Private Advisor Group LLC now owns 51,318 shares of the electronics maker's stock worth $115,000 after buying an additional 31,646 shares in the last quarter. American International Group Inc. boosted its stake in shares of Plug Power by 7.5% in the first quarter. Moreover, the stock is up 3.52% in one month through last close, to $33.83, showing a 3.94% return during the past three months. Geode Capital Management LLC boosted its position in shares of Plug Power by 30.4% in the first quarter.

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