Monday, November 23, 2020

Plug Power Inc. [PLUG] moved up 2.96: Why It’s Important

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Plug Power Inc. [NASDAQ: PLUG] gained 2.96% or 0.15 points to close at $5.21 with a heavy trading volume of 11265806 shares. It opened the trading session at $4.95, the shares rose to $5.27 and dropped to $4.83, the range by which the price of stock traded the whole day. The daily chart for PLUG points out that the company has recorded 65.92% gains over the past six months. However, it is still -180.11% lower than its most recent low trading price.

If we look at the average trading volume of 12.40M shares, PLUG reached to a volume of 11265806 in the most recent trading day, which is why market watchdogs consider the stock to be active.


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Here is what top equities market gurus are saying about Plug Power Inc. [PLUG]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PLUG shares is $6.22 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PLUG stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

B. Riley FBR have made an estimate for Plug Power Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 12, 2020. While these analysts kept the previous recommendation, Barclays raised their target price to Overweight. The new note on the price target was released on June 04, 2020, representing the official price target for Plug Power Inc. stock. Previously, the target price had yet another raise from $3 to $6, while Oppenheimer kept a Outperform rating on PLUG stock. On November 25, 2019, analysts increased their price target for PLUG shares from 3.50 to 6.

The Average True Range (ATR) for Plug Power Inc. is set at 0.39, with the Price to Sales ratio for PLUG stock in the period of the last 12 months amounting to 6.28. The Price to Book ratio for the last quarter was 14.47, with the Price to Cash per share for the same quarter was set at 0.24.

Trading performance analysis for PLUG stock

Plug Power Inc. [PLUG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.33. With this latest performance, PLUG shares gained by 28.33% in over the last four-week period, additionally plugging by 65.92% over the last 6 months – not to mention a rise of 104.31% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PLUG stock in for the last two-week period is set at 59.01, with the RSI for the last a single of trading hit 59.66, and the three-weeks RSI is set at 58.87 for Plug Power Inc. [PLUG]. The present Moving Average for the last 50 days of trading for this stock 4.33, while it was recorded at 5.15 for the last single week of trading, and 3.63 for the last 200 days.

Plug Power Inc. [PLUG]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Plug Power Inc. [PLUG] shares currently have an operating margin of -21.73 and a Gross Margin at +12.15. Plug Power Inc.’s Net Margin is presently recorded at -37.12.

Return on Total Capital for PLUG is now -10.21, given the latest momentum, and Return on Invested Capital for the company is -21.03. Return on Equity for this stock declined to -100.44, with Return on Assets sitting at -14.72. When it comes to the capital structure of this company, Plug Power Inc. [PLUG] has a Total Debt to Total Equity ratio set at 395.46. Additionally, PLUG Total Debt to Total Capital is recorded at 79.82, with Total Debt to Total Assets ending up at 69.65. Long-Term Debt to Equity for the company is recorded at 342.43, with the Long-Term Debt to Total Capital now at 68.53.

Reflecting on the efficiency of the workforce at the company, Plug Power Inc. [PLUG] managed to generate an average of -$102,353 per employee. Receivables Turnover for the company is 6.06 with a Total Asset Turnover recorded at a value of 0.40.Plug Power Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.80.

Plug Power Inc. [PLUG]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Plug Power Inc. posted -0.08/share EPS, while the average EPS was predicted by analysts to be reported at -0.1/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 20.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PLUG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Plug Power Inc. go to 25.00%.

An analysis of insider ownership at Plug Power Inc. [PLUG]

There are presently around $719 million, or 47.20% of PLUG stock, in the hands of institutional investors. The top three institutional holders of PLUG stocks are: BLACKROCK INC. with ownership of 27,423,760, which is approximately 27.313% of the company’s market cap and around 0.80% of the total institutional ownership; VANGUARD GROUP INC, holding 15,132,144 shares of the stock with an approximate value of $76.57 million in PLUG stocks shares; and HOOD RIVER CAPITAL MANAGEMENT LLC, currently with $68.38 million in PLUG stock with ownership of nearly 94.71% of the company’s market capitalization.

Positions in Plug Power Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 126 institutional holders increased their position in Plug Power Inc. [NASDAQ:PLUG] by around 41,011,697 shares. Additionally, 68 investors decreased positions by around 13,310,557 shares, while 46 investors held positions by with 87,720,104 shares. The mentioned changes placed institutional holdings at 142,042,358 shares, according to the latest SEC report filing. PLUG stock had 51 new institutional investments in for a total of 10,507,342 shares, while 32 institutional investors sold positions of 3,772,987 shares during the same period.

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