Monthly Realty Income is About to Get Bigger.BJ’s Wholesale Club Stock Moves Higher After Strong Results.Fossil Group: Should You Bet On Consumer Discretionary In 2023?.Get a free copy of the research report on Plug Power (PLUG).Its fuel cell system solution is designed to replace lead-acid batteries in electric material handling vehicles and industrial trucks for some distribution and manufacturing businesses. Plug Power, Inc provides alternative energy technology, which focuses on the design, development, commercialization, and manufacture of hydrogen and fuel cell systems used primarily for the material handling and stationary power markets. Institutional investors own 52.07% of the company’s stock. Finally, Prudential PLC bought a new position in Plug Power during the 1st quarter worth approximately $248,000. IL now owns 8,328 shares of the electronics maker’s stock valued at $238,000 after purchasing an additional 934 shares during the period. IL increased its position in Plug Power by 12.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,250,478 shares of the electronics maker’s stock valued at $35,771,000 after acquiring an additional 320,262 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Plug Power by 34.4% in the first quarter. MetLife Investment Management LLC acquired a new position in shares of Plug Power in the first quarter worth approximately $947,000. US Bancorp DE now owns 11,362 shares of the electronics maker’s stock worth $324,000 after buying an additional 833 shares during the period. US Bancorp DE lifted its holdings in Plug Power by 7.9% during the 1st quarter. Several institutional investors have recently modified their holdings of PLUG. The company has a 50 day moving average of $15.20 and a 200-day moving average of $17.87. The company has a current ratio of 5.20, a quick ratio of 4.19 and a debt-to-equity ratio of 0.12. Plug Power has a 1-year low of $11.49 and a 1-year high of $32.05. The company has a market cap of $7.73 billion, a price-to-earnings ratio of -10.42 and a beta of 1.81. NASDAQ PLUG opened at $13.02 on Thursday. According to, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.86. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Finally, Truist Financial lowered their price objective on shares of Plug Power from $32.00 to $18.00 in a research report on Thursday, November 10th. Citigroup cut their price target on shares of Plug Power from $21.00 to $20.00 and set a “buy” rating for the company in a report on Sunday, March 5th. decreased their target price on shares of Plug Power from $24.00 to $23.00 and set an “overweight” rating on the stock in a report on Thursday, March 2nd. BMO Capital Markets cut their price objective on shares of Plug Power from $18.00 to $15.00 and set a “market perform” rating for the company in a research report on Thursday, March 2nd. They issued a “buy” rating and a $26.00 price objective for the company. UBS Group assumed coverage on Plug Power in a report on Tuesday, December 13th. Long term indicators on average place the stock in the category of 100% Sell.Several other brokerages have also recently weighed in on PLUG. On the other hand, looking at the outlook for the PLUG stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Sell. There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $766.82 million, or 52.60% up from figures reported last year. The median projection represents growth squeezing down to 74.70% compared to sales growth for the corresponding quarter a year ago. These figures represent -28.00% and 37.10% growth in EPS for the two years respectively.Īnalysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $282.85 million, with a low of $244.4 million and a high of $404 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.25, with the EPS growth for the year raised at -$1. has a market cap of $7.77 billion and is expected to release its quarterly earnings report on – May 12, 2023. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Mobile payments are projected to boom into a massive $12 trillion market by 2028. Will You Miss Out On This Growth Stock Boom?Ī new megatrend in the fintech market is well underway.
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