News articles about Plug Power (NASDAQ:PLUG) have trended somewhat positive recently, according to Alpha One Sentiment. Alpha One, a subsidiary of Accern, scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Plug Power earned a coverage optimism score of 0.21 on Alpha One’s scale. Alpha One also assigned media coverage about the electronics maker an impact score of 93 out of 100, indicating that recent press coverage is extremely likely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have effected AlphaOne Sentiment Analysis’s analysis:
- Is It Undervalued? Look at the P/E Ratio: Plug Power Inc. (PLUG), Skyworks Solutions, Inc. (SWKS) – AllStockNews (allstocknews.com)
- Plug Power Inc. (PLUG) is at $1.93 per share and Imperva, Inc. (IMPV) is listed at $50.60 – Stocks Gallery (stocksgallery.com)
- Plug Power Inc (PLUG) Expected to Post Quarterly Sales of $28.48 Million (americanbankingnews.com)
- Brokerages Expect Plug Power Inc (PLUG) Will Announce Earnings of -$0.07 Per Share (americanbankingnews.com)
- Finding Support And Resistance On A Chart: Plug Power Inc. (PLUG), Exxon Mobil Corporation (XOM) – AllStockNews (allstocknews.com)
Plug Power (NASDAQ:PLUG) traded down 4.15% during mid-day trading on Monday, reaching $1.85. The company’s stock had a trading volume of 4,617,716 shares. The firm’s 50 day moving average price is $2.09 and its 200 day moving average price is $1.50. Plug Power has a 52 week low of $0.83 and a 52 week high of $2.70. The firm’s market capitalization is $413.39 million.
Plug Power (NASDAQ:PLUG) last issued its quarterly earnings results on Tuesday, May 9th. The electronics maker reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.06. The firm had revenue of $15.20 million for the quarter, compared to the consensus estimate of $24.90 million. Plug Power had a negative net margin of 69.28% and a negative return on equity of 36.60%. The business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.05) earnings per share. On average, analysts anticipate that Plug Power will post ($0.27) EPS for the current fiscal year.
A number of analysts recently weighed in on PLUG shares. ValuEngine downgraded Plug Power from a “hold” rating to a “sell” rating in a research note on Thursday, May 18th. Rodman & Renshaw lifted their price target on Plug Power from $3.00 to $4.00 and gave the company a “buy” rating in a research note on Thursday, April 6th. FBR & Co restated an “outperform” rating and issued a $3.00 price target on shares of Plug Power in a research note on Tuesday, April 18th. Cowen and Company set a $3.00 price target on Plug Power and gave the company a “buy” rating in a research note on Thursday, April 6th. Finally, HC Wainwright set a $4.00 price target on Plug Power and gave the company a “buy” rating in a research note on Thursday, April 6th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. Plug Power has a consensus rating of “Hold” and a consensus target price of $2.71.
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About Plug Power
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.
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