Plug Power (NASDAQ:PLUG) Price Target Lowered to $1.25 at Susquehanna

Plug Power (NASDAQ:PLUG) had its price objective lowered by Susquehanna from $1.80 to $1.25 in a report released on Monday morning,Benzinga reports. Susquehanna currently has a neutral rating on the electronics maker’s stock.

PLUG has been the topic of a number of other reports. Piper Sandler lowered their target price on Plug Power from $1.40 to $1.10 and set an “underweight” rating on the stock in a report on Wednesday, March 5th. BMO Capital Markets cut their target price on shares of Plug Power from $1.60 to $1.40 and set an “underperform” rating for the company in a research note on Wednesday, March 5th. Seaport Res Ptn lowered shares of Plug Power from a “hold” rating to a “strong sell” rating in a research report on Monday, January 27th. StockNews.com upgraded Plug Power to a “sell” rating in a research report on Tuesday, March 4th. Finally, Truist Financial cut their target price on Plug Power from $2.00 to $1.50 and set a “hold” rating on the stock in a research report on Wednesday, March 5th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $2.29.

Plug Power Stock Performance

PLUG opened at $1.06 on Monday. Plug Power has a 1-year low of $1.05 and a 1-year high of $4.90. The company has a market capitalization of $980.69 million, a price-to-earnings ratio of -0.50 and a beta of 2.07. The business has a 50 day moving average price of $1.53 and a two-hundred day moving average price of $1.98. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.08 and a quick ratio of 0.95.

Hedge Funds Weigh In On Plug Power

A number of hedge funds have recently modified their holdings of PLUG. Pacific Sage Partners LLC purchased a new position in Plug Power in the fourth quarter valued at about $25,000. Oppenheimer & Co. Inc. bought a new stake in shares of Plug Power in the 4th quarter valued at approximately $25,000. Jones Financial Companies Lllp increased its holdings in Plug Power by 107.4% in the fourth quarter. Jones Financial Companies Lllp now owns 11,730 shares of the electronics maker’s stock worth $25,000 after buying an additional 6,074 shares during the last quarter. Miracle Mile Advisors LLC bought a new position in Plug Power during the first quarter valued at approximately $26,000. Finally, Callan Family Office LLC acquired a new stake in Plug Power in the fourth quarter valued at approximately $27,000. 43.48% of the stock is owned by institutional investors and hedge funds.

Plug Power Company Profile

Plug Power Inc develops hydrogen and fuel cell product solutions in North America, Europe, Asia, and internationally. The company offers GenDrive, a hydrogen-fueled proton exchange membrane (PEM) fuel cell system that provides power to material handling electric vehicles; GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing Internet of Things-based maintenance and on-site service program for GenDrive fuel cell systems, GenSure fuel cell systems, GenFuel hydrogen storage and dispensing products, and ProGen fuel cell engines; and GenKey, an integrated turn-key solution for transitioning to fuel cell power.