For Plug Power Inc. [PLUG], Morgan Stanley sees a rise to $14. What next?

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Plug Power Inc. [NASDAQ: PLUG] traded at a low on 10/12/20, posting a -4.29 loss after which it closed the day’ session at $17.64. The company report on October 5, 2020 that CORRECTION – Guggenheim Securities Hires Cleantech Expert Jonathan Silver to Expand Sustainability Effort.

Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, announced today that Jonathan Silver has joined the firm as a Senior Advisor to help expand Guggenheim’s ESG and sustainability offerings and services. Mr. Silver specializes in sustainability strategies, investments, and capital plans.

Mr. Silver joins Guggenheim with a long career at the intersection of technology, finance, clean energy, and policy. He is one of the nation’s leading clean economy investors and advisors and has been named one of the country’s top 10, green-tech “influencers.”.

The results of the trading session contributed to over 38431142 shares changing hands. Over the past one week, the price volatility of Plug Power Inc. stands at 8.69% while the volatility over the past one month is 7.27%.

The market cap for PLUG stock reached $6.47 billion, with 401.74 million shares outstanding and 329.55 million shares in the current float. Compared to the average trading volume of 26.96M shares, PLUG reached a trading volume of 38431142 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say 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 $13.84 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 1.80. 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.

Morgan Stanley have made an estimate for Plug Power Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on September 28, 2020. The new note on the price target was released on August 18, 2020, representing the official price target for Plug Power Inc. stock. Previously, the target price had yet another raise to $10, while Barclays analysts kept a Equal Weight rating on PLUG stock. On June 24, 2020, analysts increased their price target for PLUG shares from 6 to 14.

The Average True Range (ATR) for Plug Power Inc. is set at 1.19, with the Price to Sales ratio for PLUG stock in the period of the last 12 months amounting to 24.55. The Price to Book ratio for the last quarter was 23.21, with the Price to Cash per share for the same quarter was set at 0.42.

How has PLUG stock performed recently?

Plug Power Inc. [PLUG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.07. With this latest performance, PLUG shares gained by 50.64% in over the last four-week period, additionally plugging by 313.11% over the last 6 months – not to mention a rise of 559.44% 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 70.05, with the RSI for the last a single of trading hit 71.51, and the three-weeks RSI is set at 68.02 for Plug Power Inc. [PLUG]. The present Moving Average for the last 50 days of trading for this stock 12.89, while it was recorded at 17.68 for the last single week of trading, and 6.97 for the last 200 days.

Plug Power Inc. [PLUG]: Deeper insight into the fundamentals

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 1.30 and a Current Ratio set at 1.90.

Earnings analysis for Plug Power Inc. [PLUG]

With the latest financial reports released by the company, Plug Power Inc. posted -0.09/share EPS, while the average EPS was predicted by analysts to be reported at -0.08/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -12.50%. 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%.

Insider trade positions for Plug Power Inc. [PLUG]

There are presently around $3,156 million, or 53.80% of PLUG stock, in the hands of institutional investors. The top three institutional holders of PLUG stocks are: BLACKROCK INC. with ownership of 33,525,137, which is approximately 22.249% of the company’s market cap and around 1.10% of the total institutional ownership; VANGUARD GROUP INC, holding 16,280,446 shares of the stock with an approximate value of $287.19 million in PLUG stocks shares; and D. E. SHAW & CO., INC., currently with $231.88 million in PLUG stock with ownership of nearly 110.636% of the company’s market capitalization.

Positions in Plug Power Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 152 institutional holders increased their position in Plug Power Inc. [NASDAQ:PLUG] by around 49,458,581 shares. Additionally, 72 investors decreased positions by around 12,316,414 shares, while 54 investors held positions by with 117,157,267 shares. The mentioned changes placed institutional holdings at 178,932,262 shares, according to the latest SEC report filing. PLUG stock had 68 new institutional investments in for a total of 12,299,642 shares, while 25 institutional investors sold positions of 3,950,421 shares during the same period.

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