Plug Power (NASDAQ:PLUG) Buy Rating Reaffirmed Today By B.Riley FBR; The Target Price per Share is $3.5

February 15, 2018 - By Michael Collier

 Plug Power (NASDAQ:PLUG) Buy Rating Reaffirmed Today By B.Riley FBR; The Target Price per Share is $3.5

Investors sentiment decreased to 1.72 in 2017 Q3. Its down 1.90, from 3.62 in 2017Q2. It dived, as 10 investors sold Plug Power Inc. shares while 26 reduced holdings. 24 funds opened positions while 38 raised stakes. 54.72 million shares or 48.18% less from 105.60 million shares in 2017Q2 were reported.

Morgan Stanley accumulated 907,410 shares or 0% of the stock. Deutsche Bancorp Ag invested in 0% or 252,808 shares. Valley National Advisers Incorporated invested 0% of its portfolio in Plug Power Inc. (NASDAQ:PLUG). Moreover, Natixis has 0% invested in Plug Power Inc. (NASDAQ:PLUG). Exane Derivatives holds 0% or 1 shares. Private Advisor Group Incorporated Ltd Llc holds 0% in Plug Power Inc. (NASDAQ:PLUG) or 12,072 shares. Geode Mgmt Ltd Limited Liability Company has 0% invested in Plug Power Inc. (NASDAQ:PLUG) for 2.20M shares. Manatuck Hill Prtnrs Limited Company has 0.04% invested in Plug Power Inc. (NASDAQ:PLUG) for 27,940 shares. Sei Investments Com accumulated 30 shares or 0% of the stock. Eam Investors Limited Com has 0.19% invested in Plug Power Inc. (NASDAQ:PLUG). Sigma Planning has 11,876 shares. Proshare Limited Liability Corp, Maryland-based fund reported 15,362 shares. Swiss Comml Bank holds 0% of its portfolio in Plug Power Inc. (NASDAQ:PLUG) for 373,700 shares. Mcf Limited Company invested in 305 shares or 0% of the stock. D E Shaw And Communications holds 0.03% or 6.54 million shares in its portfolio.

Since September 15, 2017, it had 0 insider purchases, and 1 insider sale for $11,662 activity.

Plug Power (NASDAQ:PLUG) Rating Reaffirmed

In analysts report revealed this morning, B.Riley FBR restate their Buy rating on Plug Power (NASDAQ:PLUG) shares. The target price means a possible upside of 92.31 % from company’s last stock close.

Investors sentiment decreased to 1.72 in 2017 Q3. Its down 1.90, from 3.62 in 2017Q2. It dived, as 10 investors sold Plug Power Inc. shares while 26 reduced holdings. 24 funds opened positions while 38 raised stakes. 54.72 million shares or 48.18% less from 105.60 million shares in 2017Q2 were reported.

Morgan Stanley accumulated 907,410 shares or 0% of the stock. Deutsche Bancorp Ag invested in 0% or 252,808 shares. Valley National Advisers Incorporated invested 0% of its portfolio in Plug Power Inc. (NASDAQ:PLUG). Moreover, Natixis has 0% invested in Plug Power Inc. (NASDAQ:PLUG). Exane Derivatives holds 0% or 1 shares. Private Advisor Group Incorporated Ltd Llc holds 0% in Plug Power Inc. (NASDAQ:PLUG) or 12,072 shares. Geode Mgmt Ltd Limited Liability Company has 0% invested in Plug Power Inc. (NASDAQ:PLUG) for 2.20M shares. Manatuck Hill Prtnrs Limited Company has 0.04% invested in Plug Power Inc. (NASDAQ:PLUG) for 27,940 shares. Sei Investments Com accumulated 30 shares or 0% of the stock. Eam Investors Limited Com has 0.19% invested in Plug Power Inc. (NASDAQ:PLUG). Sigma Planning has 11,876 shares. Proshare Limited Liability Corp, Maryland-based fund reported 15,362 shares. Swiss Comml Bank holds 0% of its portfolio in Plug Power Inc. (NASDAQ:PLUG) for 373,700 shares. Mcf Limited Company invested in 305 shares or 0% of the stock. D E Shaw And Communications holds 0.03% or 6.54 million shares in its portfolio.

Since September 15, 2017, it had 0 insider purchases, and 1 insider sale for $11,662 activity.

Plug Power Inc. (NASDAQ:PLUG) Ratings Coverage

Among 7 analysts covering Plug Power (NASDAQ:PLUG), 6 have Buy rating, 1 Sell and 0 Hold. Therefore 86% are positive. Plug Power has $5 highest and $1.3000 lowest target. $3.16’s average target is 73.63% above currents $1.82 stock price. Plug Power had 22 analyst reports since July 28, 2015 according to SRatingsIntel. As per Tuesday, July 28, the company rating was initiated by Craig Hallum. As per Monday, July 10, the company rating was maintained by Cowen & Co. The stock of Plug Power Inc. (NASDAQ:PLUG) earned “Hold” rating by Zacks on Wednesday, August 12. Rodman & Renshaw initiated the shares of PLUG in report on Tuesday, December 6 with “Buy” rating. Roth Capital downgraded the shares of PLUG in report on Wednesday, May 17 to “Sell” rating. The company was maintained on Friday, February 9 by FBR Capital. FBR Capital maintained Plug Power Inc. (NASDAQ:PLUG) on Thursday, December 7 with “Buy” rating. As per Monday, October 16, the company rating was maintained by Cowen & Co. The stock of Plug Power Inc. (NASDAQ:PLUG) has “Buy” rating given on Thursday, September 14 by Cowen & Co. On Friday, December 18 the stock rating was initiated by FBR Capital with “Outperform”.

The stock increased 2.25% or $0.04 during the last trading session, reaching $1.82. About 1.97M shares traded. Plug Power Inc. (NASDAQ:PLUG) has risen 11.11% since February 15, 2017 and is uptrending. It has underperformed by 5.59% the S&P500.

Analysts await Plug Power Inc. (NASDAQ:PLUG) to report earnings on March, 8. They expect $-0.06 earnings per share, up 25.00 % or $0.02 from last year’s $-0.08 per share. After $-0.04 actual earnings per share reported by Plug Power Inc. for the previous quarter, Wall Street now forecasts 50.00 % negative EPS growth.

Plug Power Inc., an alternative energy technology provider, engages in the design, development, commercialization, and manufacture of hydrogen fuel cell systems primarily for the material handling and stationary power markets in the United States. The company has market cap of $415.82 million. It focuses on proton exchange membrane fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and related hydrogen storage and dispensing infrastructure. It currently has negative earnings. The firm offers GenDrive, hydrogen fueled PEM fuel cell system that provides power to material handling vehicles; GenFuel, a hydrogen fueling delivery system; GenCare, which is an ongoing maintenance program for GenDrive fuel cells, GenSure products, and GenFuel products; and GenSure, a stationary fuel cell solution that provides scalable modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors.

More recent Plug Power Inc. (NASDAQ:PLUG) news were published by: Globenewswire.com which released: “Plug Power to Host Conference Call on February 8, 2018 to Discuss Preliminary …” on January 30, 2018. Also Globenewswire.com published the news titled: “Plug Power Joins Fuel Cell Industry in Celebrating Reinstated Fuel Cell Tax Credit” on February 09, 2018. Globenewswire.com‘s news article titled: “Plug Power to Host Conference Call Today, February 8, 2018, to Discuss …” with publication date: January 30, 2018 was also an interesting one.

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