Notable Stock in Focus: Micron Technology, Inc. (NASDAQ:MU)

Marco Green
June 14, 2017

The firm is expected to announce its next earnings results on Thursday, August 3rd. (PLUG) has a trading volume of 7.11 Million shares, with an average trading volume of 7600 shares - with shares dropping to a 52 week low of $0.83, and the company's shares hitting a 52 week high of $ 2.70. A total number of 5 analysts provided estimations over revenues.

The company's Average Revenue Estimate for the current quarter is $28.57 Million, while Low and High Revenue Estimates are $24.3 Million and $33.2 Million respectively. Plug Power Inc. P/E (price to earnings) ratio is 0 and Forward P/E ratio of 0. The electronics maker reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by $0.06. Plug Power had a negative return on equity of 132.41% and a negative net margin of 157.79%. Its book value per share for the most recent quarter is $0.32 while its price to book ratio for the same period is 6.69, as for as the company's cash per share for the most recent quarter is $0.05, however its price to cash per share ratio for the same period is 39.19. Currently Plug Power Inc.

A number of brokerages have weighed in on PLUG.

Currently, the market capitalization of Plug Power Inc. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. Zacks Investment Research upgraded Plug Power from a "sell" rating to a "hold" rating in a research report on Saturday, March 11th. FBR & Co set a $3.00 price target on Plug Power and gave the stock an "outperform" rating in a research report on Wednesday, May 10th. Roth Capital cut Plug Power from a "neutral" rating to a "sell" rating and reduced their price objective for the stock from $2.25 to $1.30 in a report on Wednesday, May 17th. An RSI reading above 80 indicates that a stock is overbought while anything below 20 is oversold. The company now has a consensus rating of "Buy" and an average target price of $2.81. Plug Power Inc. (PLUG) has made its way to a 12-month gain of 18.89%. Wall Street analysts covering the stock are projecting that the stock will reach $2.84 within the next 52-weeks. (PLUG) have 216.12 million outstanding shares presently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders. The stock has a 50 day moving average of $2.06 and a 200-day moving average of $1.51. Earnings surprises can have a huge impact on a company's stock price.

Institutional investors have recently modified their holdings of the company.

If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, PLUG earned gross profit of -4860000, in 2015 -9890000 gross profit, while in 2016 Plug Power Inc. Tightening the gaze, stock performance for the last 5 trading days is -0.03%. Private Advisor Group LLC boosted its position in shares of Plug Power by 160.9% in the first quarter. Private Advisor Group LLC now owns 51,318 shares of the electronics maker's stock valued at $115,000 after buying an additional 31,646 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Plug Power by 14.1% in the first quarter. (PLUG) produced 3.95 Million profit.

Plug Power Inc is a provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used for the industrial off-road market and the stationary power market.

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