Plug Power Inc (PLUG) is Reiterated by ROTH Capital to Neutral, Raises Price Target to $ 2

Plug Power Inc (PLUG) was Reiterated by ROTH Capital to “Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 2 from a previous price target of $1.75 . ROTH Capital advised their investors in a research report released on Aug 15, 2016.

On the company’s financial health, Plug Power Inc reported $-0.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.06. The company had revenue of $20.45 million for the quarter, compared to analysts expectations of $24.33 million. The company’s revenue was down -14.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.06 EPS.

Plug Power Inc (PLUG) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $1.69 and reached the intraday high at $1.71. The bulls started the profit booking and pushed the shares to intraday low of $1.68. The trading session was marked by a volume range of 7,19,760 shares exchanging hands. The 52-week high of the shares is $2.98 and the 52-week low is $1.3. The market cap of the company stands at $305 M and there are 18,03,32,410 shares in public circulation.

In a different news, on Mar 28, 2016, Maureen O Helmer (director) sold 30,000 shares at $1.96 per share price. According to the SEC, on Mar 23, 2016, Liquide Investissements D’ Air (director) sold 13,015 shares at $1.98 per share price. On Aug 31, 2015, Keith Schmid (COO) purchased 14,000 shares at $1.80 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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.

Plug Power Inc

Leave a Reply

Plug Power Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Plug Power Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.