As of February 6, 2024, the analyst ratings and price targets for Plug Power (NASDAQ: PLUG) offer valuable insights into the evolving sentiments and expert perceptions surrounding the company. Let’s delve into the summary of findings from the 25 financial analysts:
Analyst Ratings
Over the past 30 days, there have been 9 Buy Ratings, 19 Hold Ratings, and 7 Sell Ratings for PLUG.
The consensus rating for Plug Power is currently Hold, based on 8 buy ratings, 13 hold ratings, and 3 sell ratings.
Price Targets
The average twelve-month price prediction for Plug Power stands at $7.81, with a high price target of $27.00.
Based on the analysts’ average price target, there is a potential upside of 73.48%, resulting in an average 12-month price target of $7.72.
Recent Analyst Actions
Several analysts have recently made adjustments to their ratings and price targets for Plug Power:
– Manav Gupta from UBS announced a Neutral rating with a current price target of $4.75.
– Skye Landon from Redburn Atlantic announced a Neutral rating with a current price target of $4.50.
– Craig Irwin from Roth MKM raised the Buy rating to $9.00.
– Biju Perincheril from Susquehanna lowered the Neutral rating to $3.50.
– Chris Dendrinos from RBC Capital lowered the Sector Perform rating to $3.50.
– Kashy Harrison from Piper Sandler raised the Underweight rating to $2.80.
– Christopher Souther from B. Riley Securities lowered the Buy rating to $8.00.
– Ameet Thakkar from BMO Capital lowered the Underperform rating to $2.50.
– Jordan Levy from Truist Securities lowered the Hold rating to $3.00.
– Eric Stine from Craig-Hallum maintained the Buy rating with a price target of $11.00.
In conclusion, the analyst ratings and price targets for Plug Power reflect a wide range of opinions. Currently, the consensus rating is Hold, with an average twelve-month price prediction of $7.81, suggesting potential upside for investors.
PLUG Stock Shows Signs of Recovery with Positive Performance on February 6, 2024: Thorough Research and Analysis Advised for Informed Investment Decisions
On February 6, 2024, PLUG stock showed signs of recovery after trading near the bottom of its 52-week range and below its 200-day simple moving average. The stock experienced a price increase of $0.15 since the market closed, marking a 3.34% rise. Closing at $4.49, PLUG stock gained $0.01 in after-hours trading. This indicates renewed investor interest and confidence in its growth potential. The recent price increase suggests that the stock may have been undervalued and investors are recognizing its potential. While PLUG stock has been performing below its 200-day simple moving average, the recent rise in value suggests a possible reversal of this trend. Investors should monitor PLUG stock closely as it continues to show signs of recovery. However, thorough research and analysis should be conducted before making any investment decisions. Various factors can influence stock market performance, so it is advisable to consider these factors and consult with a financial advisor. In conclusion, PLUG stock displayed positive performance on February 6, 2024, showing signs of recovery. Thorough research and analysis are crucial for well-informed investment decisions.
PLUG Stock Performance: Mixed Bag of Improvements and Declines on February 6, 2024
PLUG stock performances on February 6, 2024, were influenced by the company’s financial results. PLUG reported a total revenue of $701.44 million in the past year, representing a significant increase of 39.63% compared to the previous year. However, the company experienced a decline of 23.63% in total revenue since the last quarter, with reported revenue of $198.71 million. The net income figures for PLUG also displayed a similar pattern. The company reported a net loss of -$724.01 million in the past year, indicating a substantial decrease of 57.41% compared to the previous year. In the third quarter, PLUG’s net loss stood at -$283.48 million, which represented a decline of 19.92% since the last quarter. Earnings per share (EPS) for PLUG also witnessed a decline. The company reported an EPS of -$1.25 in the past year, reflecting a decrease of 51.57% compared to the previous year. In the third quarter, PLUG’s EPS was reported as -$0.47, representing a decrease of 19.63% since the last quarter. These financial results indicate a mixed performance for PLUG on February 6, 2024. While the company experienced a significant increase in total revenue compared to the previous year, there was a notable decline in revenue since the last quarter. Similarly, PLUG’s net income and EPS figures also showcased decreases, both on a yearly and quarterly basis. Investors and analysts will likely examine these figures closely to assess the reasons behind the decline in revenue, net income, and EPS. Factors such as market conditions, competition, and operational challenges may have contributed to these declines. It will be crucial for PLUG to address these issues and implement strategies to reverse the negative trends in order to regain investor confidence and drive future growth. Overall, PLUG’s stock performance on February 6, 2024, was influenced by the company’s financial results, which showed a mixed bag of improvements and declines. Investors will closely monitor the company’s efforts to address the challenges and capitalize on the areas of growth to determine its future trajectory.
