Plug Power Inc. (NASDAQ:PLUG – Get Rating) hit a new 52-week low during trading on Wednesday . The company traded as low as $11.47 and last traded at $11.59, with a volume of 4452835 shares trading hands. The stock had previously closed at $12.16.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the stock. Piper Sandler cut their target price on shares of Plug Power from $20.00 to $17.00 in a report on Thursday, March 2nd. Wells Fargo & Company reduced their price objective on Plug Power from $18.00 to $13.00 and set an “equal weight” rating for the company in a report on Friday, January 6th. UBS Group initiated coverage on Plug Power in a research note on Tuesday, December 13th. They set a “buy” rating and a $26.00 price objective for the company. Citigroup lowered their price target on Plug Power from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Sunday, March 5th. Finally, Cowen lowered their price target on Plug Power from $30.00 to $23.00 in a report on Thursday, January 26th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $23.86.
Plug Power Stock Performance
The stock has a market capitalization of $7.00 billion, a PE ratio of -9.44 and a beta of 1.81. The company has a quick ratio of 4.19, a current ratio of 5.20 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average price of $15.18 and a 200-day moving average price of $17.36.
Institutional Trading of Plug Power
About Plug Power
Plug Power, Inc provides alternative energy technology, which focuses on the design, development, commercialization, and manufacture of hydrogen and fuel cell systems used primarily for the material handling and stationary power markets. Its fuel cell system solution is designed to replace lead-acid batteries in electric material handling vehicles and industrial trucks for some distribution and manufacturing businesses.
- Get a free copy of the StockNews.com research report on Plug Power (PLUG)
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