Plug Power (PLUG) : Zacks Investment Research ranks Plug Power (PLUG) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 5 research analysts is 1.8, which indicates as a Buy.
Plug Power (PLUG) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $3 and the lowest price target forecast is $2. The average forecast of all the analysts is $2.7 and the expected standard deviation is $0.45.
For the current week, the company shares have a recommendation consensus of Buy. Plug Power (NASDAQ:PLUG): The stock opened at $1.70 on Thursday but the bulls could not build on the opening and the stock topped out at $1.72 for the day. The stock traded down to $1.68 during the day, due to lack of any buying support eventually closed down at $1.69 with a loss of -0.59% for the day. The stock had closed at $1.70 on the previous day. The total traded volume was 1,007,416 shares.
In a related news,The director of Plug Power Inc, Helmer Maureen O sold 30,000 shares at $1.96 on March 24, 2016. The Insider selling transaction had a total value worth of $58,800. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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. The Companys product line includes GenKey, GenDrive, GenFuel, GenCare and ReliOn. GenKey offers solutions to customers transitioning their material handling vehicles to fuel cell power. GenDrive is a hydrogen fueled PEM fuel cell system. It provides power to material handling vehicles. GenFuel is the hydrogen fueling delivery system. It is designed to allow customers to refuel its GenDrive units for maximum productivity. GenCare is the ongoing maintenance program for both the GenDrive fuel cells and GenFuel products. ReliOn is the stationary fuel cell solution. It provides scalable, modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation and utility sectors.