Plug Power (PLUG) Receives Price Target

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.

Plug Power (PLUG) has an average broker rating of 1.8, which is interpreted as a Buy, as rated by 5 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.


Plug Power (NASDAQ:PLUG): The stock opened at $1.55 on Thursday but the bulls could not build on the opening and the stock topped out at $1.58 for the day. The stock traded down to $1.50 during the day, due to lack of any buying support eventually closed down at $1.54 with a loss of -0.65% for the day. The stock had closed at $1.55 on the previous day. The total traded volume was 2,476,330 shares.

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.

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