Plug Power's (PLUG) Sell Rating Reiterated at Roth Capital

Trending Stock Alert: Plug Power Inc. (PLUG)

Shares of Plug Power (NASDAQ PLUG) opened at 2.17 on Wednesday. Their current product line includes: GenDrive, GenFuel, GenCare, ReliOn, and GenKey. ValuEngine lowered Plug Power from a "hold" rating to a "sell" rating in a research note on Thursday, May 18th. FBR & Co set a $3.00 price objective on shares of Plug Power and gave the company an "outperform" rating in a research note on Wednesday, May 10th. Finally, HC Wainwright restated a "buy" rating and set a $4.00 price target on shares of Plug Power in a research report on Monday, July 24th.

7/19/2017 - Plug Power was upgraded by analysts at Zacks Investment Research from a "strong sell" rating to a "hold" rating.

7/31/2017 - Plug Power was downgraded by analysts at BidaskClub from a "hold" rating to a "sell" rating. (NASDAQ:PLUG) is up 139.36%, compared with a fall of almost -1.75% for 3 months and about 8.70% for the past 30 days. The stock had a trading volume of 3,036,619 shares. The company has a 50 day moving average of $2.17 and a 200-day moving average of $1.74.

Plug Power also signed a new agreement with Wal-Mart on proposed deployments of 30 more GenKey sites by the end of 2019. Plug Power, Inc. The firm's market cap is $478.19 million. Previously J.C. Penney Company Inc (NYSE:JCP) reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.21 by $0.27 with surprise factor of 128.6%. Plug Power Inc. (NASDAQ:PLUG) notched a 12-month high of $2.93 while $4.00 target is by far the most aggressive out of analysts who are now evaluating PLUG, $1.07 higher than the next highest 52-week price estimate. Return on Equity (ROE) stands at -81.2% and Return on Investment (ROI) of -33.3 percent. Plug Power's revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.04) EPS. On average, equities research analysts anticipate that Plug Power will post ($0.24) earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This piece was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another publication, it was stolen and republished in violation of US and global copyright law. Analysts reported their respective ratings recommendation for PLUG.

Several large investors have recently made changes to their positions in PLUG. Roth Capital downgraded the stock to "Sell" rating in Wednesday, May 17 report. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up. Brighton Jones LLC bought a new stake in shares of Plug Power during the second quarter worth $102,000. Aperio Group LLC now owns 119,061 shares of the electronics maker's stock valued at $243,000 after buying an additional 7,166 shares during the last quarter.

Plug Power (NASDAQ:PLUG) traded down 7.353% during trading on Tuesday, hitting $2.205. Teachers Advisors LLC now owns 385,028 shares of the electronics maker's stock valued at $462,000 after buying an additional 6,680 shares during the period. Creative Planning boosted its position in shares of Plug Power by 41.5% in the second quarter. IFC Holdings Incorporated FL now owns 135,500 shares of the electronics maker's stock valued at $189,000 after buying an additional 34,000 shares during the period.

Institutional owners hold 18.20% stake while Insiders ownership held at 0.70% in the company.

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.

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