Plug Power Inc. [PLUG] Revenue clocked in at $-100.47 million, up 14.74% YTD: What’s Next?

Plug Power Inc. [NASDAQ: PLUG] traded at a high on 03/22/21, posting a 1.65 gain after which it closed the day’ session at $38.91. The company report on March 23, 2021 that INVESTOR ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Plug Power Inc. and Encourages Investors with Losses in Excess of $500,000 to Contact the Firm.

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The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Plug Power Inc. (“Plug Power” or “the Company”) (NASDAQ:PLUG) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.


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Investors who purchased the Company’s securities between November 9, 2020 and March 1, 2021, inclusive (the ”Class Period”), are encouraged to contact the firm before May 7, 2021.

The results of the trading session contributed to over 24439852 shares changing hands. Over the past one week, the price volatility of Plug Power Inc. stands at 9.66% while the volatility over the past one month is 11.68%.

The market cap for PLUG stock reached $18.57 billion, with 589.68 million shares outstanding and 412.86 million shares in the current float. Compared to the average trading volume of 42.84M shares, PLUG reached a trading volume of 24439852 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 $61.63 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 2.10. 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.

Truist have made an estimate for Plug Power Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on March 17, 2021. While these analysts kept the previous recommendation, Barclays raised their target price from $21 to $29. The new note on the price target was released on March 02, 2021, representing the official price target for Plug Power Inc. stock. Previously, the target price had yet another raise to $65, while JP Morgan analysts kept a Overweight rating on PLUG stock.

The Average True Range (ATR) for Plug Power Inc. is set at 5.09 The Price to Book ratio for the last quarter was 23.44, with the Price to Cash per share for the same quarter was set at 0.94.

How has PLUG stock performed recently?

Plug Power Inc. [PLUG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -16.25. With this latest performance, PLUG shares dropped by -30.38% in over the last four-week period, additionally plugging by 186.95% over the last 6 months – not to mention a rise of 1071.99% 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 40.27, with the RSI for the last a single of trading hit 38.89, and the three-weeks RSI is set at 42.44 for Plug Power Inc. [PLUG]. The present Moving Average for the last 50 days of trading for this stock 55.18, while it was recorded at 39.11 for the last single week of trading, and 25.84 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 2.40 and a Current Ratio set at 2.90.

Earnings analysis for Plug Power Inc. [PLUG]

With the latest financial reports released by the company, Plug Power Inc. posted -0.12/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 fail 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%.

Insider trade positions for Plug Power Inc. [PLUG]

There are presently around $10,099 million, or 55.50% of PLUG stock, in the hands of institutional investors. The top three institutional holders of PLUG stocks are: BLACKROCK INC. with ownership of 47,161,335, which is approximately 14.596% of the company’s market cap and around 0.70% of the total institutional ownership; VANGUARD GROUP INC, holding 40,465,986 shares of the stock with an approximate value of $1.57 billion in PLUG stocks shares; and D. E. SHAW & CO., INC., currently with $599.14 million in PLUG stock with ownership of nearly -16.056% of the company’s market capitalization.

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Positions in Plug Power Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 309 institutional holders increased their position in Plug Power Inc. [NASDAQ:PLUG] by around 79,947,329 shares. Additionally, 138 investors decreased positions by around 32,063,755 shares, while 43 investors held positions by with 147,544,175 shares. The mentioned changes placed institutional holdings at 259,555,259 shares, according to the latest SEC report filing. PLUG stock had 175 new institutional investments in for a total of 19,226,338 shares, while 45 institutional investors sold positions of 4,895,091 shares during the same period.

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